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U.S. Construction Industry Analysis

UpdatedApr 13, 2026
DataAggregated Company Financials
Companies63
  • 7D7.4%
  • 3M25.6%
  • 1Y123.4%
  • YTD29.7%

Comfort Systems USA is up 11%, leading the way for the Construction industry, which has gained 7.4%. This means that the industry has gained 123% over the past year. As for the next few years, earnings are expected to grow by 22% per annum.

Industry Valuation and Performance

Has the U.S. Construction Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 13 Apr 2026US$367.2bUS$172.5bUS$6.7b37.7x55.1x2.1x
Wed, 11 Mar 2026US$338.3bUS$173.7bUS$6.7b34.2x50.8x1.9x
Fri, 06 Feb 2026US$299.6bUS$166.1bUS$10.1b35.5x29.8x1.8x
Sun, 04 Jan 2026US$278.1bUS$165.7bUS$10.0b30.5x27.8x1.7x
Tue, 02 Dec 2025US$280.8bUS$165.4bUS$10.0b33x28.2x1.7x
Thu, 30 Oct 2025US$283.4bUS$160.7bUS$10.1b35.4x28.1x1.8x
Sat, 27 Sep 2025US$256.1bUS$160.0bUS$9.9b34.5x25.8x1.6x
Mon, 25 Aug 2025US$239.1bUS$157.7bUS$10.0b32.4x23.9x1.5x
Wed, 23 Jul 2025US$227.8bUS$153.3bUS$7.1b33.6x32.3x1.5x
Fri, 20 Jun 2025US$208.8bUS$153.2bUS$7.2b29.5x29.2x1.4x
Sun, 18 May 2025US$198.9bUS$153.1bUS$7.2b30.1x27.7x1.3x
Tue, 15 Apr 2025US$156.8bUS$149.6bUS$6.8b23.5x23.1x1x
Thu, 13 Mar 2025US$152.8bUS$149.6bUS$6.8b23.6x22.5x1x
Sat, 08 Feb 2025US$193.2bUS$146.6bUS$4.0b34.9x47.9x1.3x
Mon, 06 Jan 2025US$193.4bUS$146.2bUS$3.9b30.6x49.2x1.3x
Wed, 04 Dec 2024US$205.9bUS$146.1bUS$3.9b38.3x52.7x1.4x
Fri, 01 Nov 2024US$185.0bUS$146.8bUS$4.1b33x44.8x1.3x
Sun, 29 Sep 2024US$177.6bUS$144.8bUS$4.0b31.4x44.7x1.2x
Tue, 27 Aug 2024US$166.0bUS$144.7bUS$4.0b27.7x41.7x1.1x
Thu, 25 Jul 2024US$165.6bUS$141.8bUS$3.4b26.5x48.1x1.2x
Sat, 22 Jun 2024US$162.7bUS$141.8bUS$3.4b24.4x47.3x1.1x
Mon, 20 May 2024US$159.1bUS$141.8bUS$3.4b25x46.1x1.1x
Wed, 17 Apr 2024US$146.8bUS$136.3bUS$3.5b24.2x42.5x1.1x
Fri, 15 Mar 2024US$144.5bUS$136.3bUS$3.5b24.3x41.7x1.1x
Sun, 11 Feb 2024US$129.6bUS$132.9bUS$3.6b25.6x35.8x1x
Tue, 09 Jan 2024US$120.6bUS$135.1bUS$3.6b24.2x33.8x0.9x
Thu, 07 Dec 2023US$116.8bUS$135.1bUS$3.5b22.4x33x0.9x
Sat, 04 Nov 2023US$106.8bUS$134.3bUS$3.6b21.1x29.3x0.8x
Mon, 02 Oct 2023US$113.5bUS$130.5bUS$3.4b20.5x33.8x0.9x
Wed, 30 Aug 2023US$122.7bUS$130.4bUS$3.4b21.9x36.6x0.9x
Fri, 28 Jul 2023US$122.3bUS$127.2bUS$3.3b19.7x37.5x1x
Sun, 25 Jun 2023US$114.6bUS$126.6bUS$3.2b19.3x35.5x0.9x
Tue, 23 May 2023US$109.6bUS$126.4bUS$3.2b20.1x34.2x0.9x
Thu, 20 Apr 2023US$105.6bUS$122.7bUS$3.2b21.9x33x0.9x
Price to Earnings Ratio

33x


Total Market Cap: US$105.6bTotal Earnings: US$3.2bTotal Revenue: US$122.7bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Construction Industry Price to Earnings3Y Average 36.5x202420252026
Current Industry PE
  • Investors are optimistic on the American Construction industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 55.1x which is higher than its 3-year average PE of 36.5x.
  • The 3-year average PS ratio of 1.2x is lower than the industry's current PS ratio of 2.1x.
Past Earnings Growth
  • The earnings for companies in the Construction industry have grown 28% per year over the last three years.
  • Revenues for these companies have grown 12% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Trends

Which industries have driven the changes within the U.S. Industrials industry?

US Market3.08%
Industrials4.46%
Construction7.37%
Construction and Engineering7.37%
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
FIX Comfort Systems USAUS$1.59k11.1%
+US$5.6b		353.0%PE54.7x
PWR Quanta ServicesUS$585.365.6%
+US$4.9b		113.4%PE85.4x
EME EMCOR GroupUS$802.435.9%
+US$2.0b		108.0%PE28.1x
MTZ MasTecUS$361.227.1%
+US$1.9b		205.6%PE70.5x
STRL Sterling InfrastructureUS$446.3613.4%
+US$1.6b		230.1%PE47.2x

Latest News

PWR
US$585.36
Quanta Services
7D
5.6%
1Y
113.4%
ACM
US$83.59
AECOM
7D
-1.6%
1Y
-11.4%

ACM: Defense And Fusion Infrastructure Wins Will Support Future Upside

Analysts have trimmed their price target on AECOM from $128.25 to about $126.33, reflecting small adjustments to fair value, discount rate and long run P/E assumptions, while keeping revenue growth and profit margin expectations broadly in line with prior views. What's in the News AECOM entered a partnership with Southern Methodist University focused on artificial intelligence research, workforce readiness, and a doctoral fellowship program in infrastructure engineering, guided by a joint advisory board spanning both organizations (Key Developments).
APG
US$44.41
APi Group
7D
5.2%
1Y
88.4%

APG: Recurring Facility Services And Data Centers Will Drive Future Upside

Analysts have nudged the fair value estimate for APi Group to $52.00. This reflects a series of higher Street price targets in the $50 to $54 range, supported by solid recent results, conservative guidance, and growing interest in its recurring Facility Services and Data Center exposure.
STRL
US$446.36
Sterling Infrastructure
7D
13.4%
1Y
230.1%

STRL: Data Center Backlog And Short Seller Challenge Will Shape 2026 Outlook

Analysts have adjusted their blended price target for Sterling Infrastructure slightly lower to about $494 from $495, supported by recent research that points to solid Q4 execution, steady backlog visibility into 2026, and ongoing demand for mission critical data center and complex infrastructure projects. Analyst Commentary Recent research on Sterling Infrastructure centers on how effectively the company is executing on mission critical data center and complex infrastructure work, and how that ties into backlog visibility through 2026 and current valuation targets around $494.
EME
US$802.43
EMCOR Group
7D
5.9%
1Y
108.0%

EMCOR Group: Solid Business That Is Fully Valued

Apr 11
FIX
US$1,592.84
Comfort Systems USA
7D
11.1%
1Y
353.0%
MTZ
US$361.22
MasTec
7D
7.1%
1Y
205.6%
JFB
US$5.95
JFB Construction Holdings
7D
-9.6%
1Y
195.3%
DY
US$393.00
Dycom Industries
7D
12.7%
1Y
158.3%

DY: Immersive Training Campus Will Support Future Cash Generation Upside

Analysts have raised their price target on Dycom Industries to $467.91 from $461.42, citing updated fair value estimates supported by slightly lower discount rate assumptions, modestly revised revenue growth expectations, a small increase in projected profit margins, and a higher assumed future P/E multiple. What's in the News Dycom plans to build a flagship, immersive workforce training center on a 49 acre campus in Monroe, Georgia, with support from the Development Authority of Walton County.
SLND
US$1.03
Southland Holdings
7D
-24.8%
1Y
-67.5%
PHOE
US$14.40
Phoenix Asia Holdings
7D
-4.0%
1Y
n/a
OLOX
US$0.56
Olenox Industries
7D
-20.0%
1Y
-97.5%
SKBL
US$3.40
Skyline Builders Group Holding
7D
-1.4%
1Y
-71.3%
IESC
US$532.79
IES Holdings
7D
9.0%
1Y
182.2%

IES Holdings (IESC): The Infrastructure Backbone of the AI Era

IES Holdings (IESC) is currently trading at $472.00 USD on the NASDAQ as of March 23, 2026, marking an 8.02% surge during today's session. The company has a market capitalization of $9.41 billion , following a series of stellar earnings reports that have repositioned the firm from a traditional electrical contractor to a critical player in the global data center build-out.
AGRZ
US$0.41
Agroz
7D
-12.0%
1Y
n/a
ENGS
US$1.20
Energys Group
7D
-1.6%
1Y
-77.6%