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U.S. Construction Industry Analysis

UpdatedJan 08, 2026
DataAggregated Company Financials
Companies70
  • 7D5.5%
  • 3M4.1%
  • 1Y45.1%
  • YTD1.4%

In the last week, the Construction industry is up 5.5%, with Comfort Systems USA up 11%. Meanwhile, HUHUTECH International Group actually underperformed within the industry, shrinking 12% in the last week. This takes the industry's 12 month performance to a gain of 45%. Looking forward, earnings are forecast to grow by 20% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 08 Jan 2026US$283.8bUS$165.7bUS$10.0b32.4x28.4x1.7x
Sat, 06 Dec 2025US$283.6bUS$165.4bUS$10.0b34.2x28.4x1.7x
Mon, 03 Nov 2025US$281.4bUS$163.6bUS$10.3b34.5x27.3x1.7x
Wed, 01 Oct 2025US$261.8bUS$160.0bUS$9.9b36.3x26.4x1.6x
Fri, 29 Aug 2025US$242.4bUS$157.7bUS$10.0b35.5x24.2x1.5x
Sun, 27 Jul 2025US$245.7bUS$153.6bUS$7.1b33.9x34.4x1.6x
Tue, 24 Jun 2025US$211.4bUS$153.2bUS$7.2b29.7x29.5x1.4x
Thu, 22 May 2025US$198.1bUS$153.1bUS$7.2b28.9x27.6x1.3x
Sat, 19 Apr 2025US$156.1bUS$149.6bUS$6.8b21.3x23x1x
Mon, 17 Mar 2025US$158.8bUS$149.6bUS$6.8b24.6x23.5x1.1x
Wed, 12 Feb 2025US$192.7bUS$146.6bUS$4.0b31.6x47.8x1.3x
Fri, 10 Jan 2025US$190.0bUS$146.2bUS$3.9b32.3x48.4x1.3x
Sun, 08 Dec 2024US$205.0bUS$146.2bUS$3.9b32.6x52.2x1.4x
Tue, 05 Nov 2024US$182.5bUS$149.5bUS$4.4b31.4x41.8x1.2x
Thu, 03 Oct 2024US$178.0bUS$144.7bUS$4.0b31.7x44.8x1.2x
Sat, 31 Aug 2024US$165.3bUS$144.7bUS$4.0b28x41.5x1.1x
Mon, 29 Jul 2024US$162.0bUS$142.9bUS$3.6b25.8x44.8x1.1x
Wed, 26 Jun 2024US$162.3bUS$141.8bUS$3.4b25.2x47.1x1.1x
Fri, 24 May 2024US$162.5bUS$141.8bUS$3.4b25.7x47.2x1.1x
Sun, 21 Apr 2024US$144.8bUS$139.2bUS$3.3b23.8x43.9x1x
Tue, 19 Mar 2024US$144.8bUS$136.3bUS$3.5b24.6x41.8x1.1x
Thu, 15 Feb 2024US$127.3bUS$132.9bUS$3.6b26.5x35.1x1x
Sat, 13 Jan 2024US$122.3bUS$135.2bUS$3.6b23.1x34.2x0.9x
Mon, 11 Dec 2023US$119.6bUS$135.2bUS$3.6b22.8x33.6x0.9x
Wed, 08 Nov 2023US$106.7bUS$134.3bUS$3.6b19.2x29.4x0.8x
Fri, 06 Oct 2023US$108.4bUS$130.5bUS$3.4b19.8x32.3x0.8x
Sun, 03 Sep 2023US$124.3bUS$130.4bUS$3.4b22x37.1x1x
Tue, 01 Aug 2023US$123.0bUS$127.5bUS$3.3b20.2x37.3x1x
Thu, 29 Jun 2023US$117.4bUS$126.6bUS$3.2b19.6x36.3x0.9x
Sat, 27 May 2023US$109.3bUS$126.5bUS$3.2b18.4x33.8x0.9x
Mon, 24 Apr 2023US$105.3bUS$122.8bUS$3.2b22.2x32.8x0.9x
Wed, 22 Mar 2023US$107.6bUS$122.8bUS$3.2b23x33.4x0.9x
Fri, 17 Feb 2023US$109.7bUS$115.8bUS$2.8b23.3x39.3x0.9x
Sun, 15 Jan 2023US$106.7bUS$115.1bUS$2.8b25x37.5x0.9x
Price to Earnings Ratio

37.5x


Total Market Cap: US$106.7bTotal Earnings: US$2.8bTotal Revenue: US$115.1bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Construction Industry Price to Earnings3Y Average 35.9x202420252026
Current Industry PE
  • Investors are pessimistic on the American Construction industry, indicating that they anticipate long term growth rates will be lower than they have historically.
  • The industry is trading at a PE ratio of 28.4x which is lower than its 3-year average PE of 35.9x.
  • The 3-year average PS ratio of 1.2x is lower than the industry's current PS ratio of 1.7x.
Past Earnings Growth
  • The earnings for companies in the Construction industry have grown 52% per year over the last three years.
  • Revenues for these companies have grown 13% 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 Market1.52%
Industrials3.24%
Construction5.54%
Construction and Engineering5.54%
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$1.04k10.9%
+US$3.6b		129.9%PE43.5x
PWR Quanta ServicesUS$436.893.5%
+US$2.2b		39.9%PE64x
EME EMCOR GroupUS$650.976.4%
+US$1.8b		36.8%PE25.8x
MTZ MasTecUS$235.758.5%
+US$1.4b		60.8%PE55.3x
APG APi GroupUS$40.997.1%
+US$1.1b		69.1%PE109.3x

Latest News

EME
US$650.97
EMCOR Group
7D
6.4%
1Y
36.8%
AMRC
US$29.26
Ameresco
7D
-0.1%
1Y
8.0%
LMB
US$76.73
Limbach Holdings
7D
-1.4%
1Y
-21.0%

LMB: Share Repurchase Plan Will Support Bullish Long-Term Earnings Outlook

Analysts have revised their price target on Limbach Holdings from $120.00 to $111.00, citing updated assumptions for revenue growth, profit margins, discount rate, and future P/E expectations. What's in the News The Board of Directors authorized a share buyback plan on December 15, 2025, signaling an intention to return capital to shareholders over time (Key Developments).
SLND
US$3.05
Southland Holdings
7D
-8.1%
1Y
-8.7%

SLND: Higher Margin Outlook Will Support A More Optimistic Fair Value Estimate

Analysts have lifted their fair value estimate for Southland Holdings from $6.00 to $7.00 per share, citing updated assumptions that include a higher profit margin near 2.05%, a lower future P/E closer to 25.55, and a revised revenue growth outlook of about 3.10%. They view this forecast as more balanced against a slightly higher 12.5% discount rate.
PWR
US$436.89
Quanta Services
7D
3.5%
1Y
39.9%

PWR: Expanding Power Generation Platform Will Drive Future Infrastructure Contract Wins

Analysts lifted their fair value estimate for Quanta Services to $548 from $492, citing strong Q3 EBITDA performance, broad price target increases across the Street, and growing confidence in the company’s expanded power generation and holistic power solutions offerings. Analyst Commentary Bullish analysts have been lifting their price targets on Quanta Services following the Q3 report, pointing to solid execution and growing confidence in the company’s role across power, transmission, and energy infrastructure projects.
APG
US$40.99
APi Group
7D
7.1%
1Y
69.1%

APG: Raised 2025 Revenue Guidance And Margin Outlook Will Support Upside

Analysts have slightly raised their price target for APi Group, with fair value moving from US$42.90 to US$43.40. This reflects updated assumptions on revenue growth, profit margins and future P/E expectations.
MTZ
US$235.75
MasTec
7D
8.5%
1Y
60.8%

MTZ: Clean Energy And Grid Projects Will Drive Stronger Backlog Visibility

Analysts have modestly raised their MasTec price target to approximately $245 per share. This reflects expectations for sustained double digit revenue growth, improving clean energy margins, and strong multi year backlog visibility across transmission, distribution, pipeline, and data center related projects.
AGRZ
US$0.68
Agroz
7D
-11.7%
1Y
n/a
FLR
US$44.40
Fluor
7D
12.0%
1Y
-10.0%
CDNL
US$23.64
Cardinal Infrastructure Group
7D
-2.2%
1Y
n/a
ACM
US$98.53
AECOM
7D
3.4%
1Y
-8.2%
DY
US$354.53
Dycom Industries
7D
4.9%
1Y
98.1%

DY: Index Move And Higher Margin Outlook Will Drive Future Upside

Analysts have raised their price target for Dycom Industries by about 1 percent to approximately $389, citing slightly lower discount-rate assumptions, marginally stronger long term profit margins, and a modestly higher future earnings multiple that more than offset a small reduction in projected revenue growth. What's in the News Dycom Industries was dropped from the S&P 600 and simultaneously added to the S&P 400, reflecting a shift into a mid cap index category (index constituent changes).
FIX
US$1,035.12
Comfort Systems USA
7D
10.9%
1Y
129.9%

FIX: Future Index Inclusion And Buybacks Will Support Bullish Outlook

Analysts have raised their price target on Comfort Systems USA sharply, from about $500 to roughly $1,100 per share, citing stronger than expected Q3 revenue growth, robust pricing and hiring trends, and an improved multi year outlook for same store sales and profitability. Analyst Commentary While the latest price target increase reflects confidence in Comfort Systems USA's near term growth trajectory, some bearish analysts remain cautious on the sustainability of current trends and the implied valuation.
HUHU
US$8.85
HUHUTECH International Group
7D
-12.4%
1Y
103.0%

Revenues Tell The Story For HUHUTECH International Group Inc. (NASDAQ:HUHU) As Its Stock Soars 25%

Dec 23
Revenues Tell The Story For HUHUTECH International Group Inc. (NASDAQ:HUHU) As Its Stock Soars 25%
JLHL
US$3.75
Julong Holding
7D
-6.9%
1Y
n/a
PHOE
US$15.02
Phoenix Asia Holdings
7D
-6.1%
1Y
n/a