Investing IdeasBrowse All StocksMarkets
Have your own idea? Try our Stock Screener
Header cover image

U.S. Construction Industry Analysis

UpdatedJan 11, 2026
DataAggregated Company Financials
Companies70
  • 7D-0.2%
  • 3M2.6%
  • 1Y44.7%
  • YTD-0.2%

The Construction is pretty flat in the last 7 days, but APi Group has stood out, gaining 7.4%. The past year has been better, since the industry has gained 45% in that time. As for the next few years, earnings are expected to grow by 20% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 12 Jan 2026US$278.5bUS$165.7bUS$10.0b33x27.8x1.7x
Wed, 10 Dec 2025US$280.3bUS$165.8bUS$10.0b33.8x28x1.7x
Fri, 07 Nov 2025US$283.1bUS$165.3bUS$10.5b33.5x26.8x1.7x
Sun, 05 Oct 2025US$265.2bUS$160.0bUS$9.9b35.9x26.7x1.7x
Tue, 02 Sep 2025US$240.4bUS$157.7bUS$10.0b34.5x24x1.5x
Thu, 31 Jul 2025US$242.9bUS$153.6bUS$7.1b33.6x34x1.6x
Sat, 28 Jun 2025US$217.5bUS$153.2bUS$7.2b32.2x30.4x1.4x
Mon, 26 May 2025US$195.7bUS$153.2bUS$7.2b28.2x27.3x1.3x
Wed, 23 Apr 2025US$149.2bUS$149.6bUS$6.8b21.3x22x1x
Fri, 21 Mar 2025US$163.7bUS$149.6bUS$6.8b24.8x24.2x1.1x
Sun, 16 Feb 2025US$177.2bUS$146.8bUS$4.0b29.6x43.8x1.2x
Tue, 14 Jan 2025US$188.1bUS$146.2bUS$3.9b32.7x47.9x1.3x
Thu, 12 Dec 2024US$196.6bUS$146.2bUS$3.9b32.4x50.1x1.3x
Sat, 09 Nov 2024US$198.4bUS$145.4bUS$3.9b35x50.7x1.4x
Mon, 07 Oct 2024US$180.4bUS$144.7bUS$4.0b32.7x45.4x1.2x
Wed, 04 Sep 2024US$167.7bUS$144.7bUS$4.0b26.2x42.2x1.2x
Fri, 02 Aug 2024US$164.7bUS$142.8bUS$3.6b26.1x46.1x1.2x
Sun, 30 Jun 2024US$156.1bUS$141.8bUS$3.4b25.1x45.4x1.1x
Tue, 28 May 2024US$166.4bUS$141.8bUS$3.4b26x48.3x1.2x
Thu, 25 Apr 2024US$149.3bUS$139.2bUS$3.3b24.6x45.2x1.1x
Sat, 23 Mar 2024US$152.8bUS$136.3bUS$3.5b25.5x44.1x1.1x
Mon, 19 Feb 2024US$130.7bUS$132.9bUS$3.7b26.3x35.5x1x
Wed, 17 Jan 2024US$122.3bUS$135.2bUS$3.6b23.2x34.2x0.9x
Fri, 15 Dec 2023US$123.9bUS$135.2bUS$3.6b25.2x34.8x0.9x
Sun, 12 Nov 2023US$106.6bUS$134.5bUS$3.6b19.8x29.3x0.8x
Tue, 10 Oct 2023US$110.6bUS$130.5bUS$3.4b20.5x33x0.8x
Thu, 07 Sep 2023US$121.2bUS$130.5bUS$3.4b22.1x36.1x0.9x
Sat, 05 Aug 2023US$120.9bUS$129.9bUS$3.6b19.2x33.2x0.9x
Mon, 03 Jul 2023US$119.1bUS$126.6bUS$3.2b19.9x36.9x0.9x
Wed, 31 May 2023US$110.6bUS$126.5bUS$3.2b18.4x34.2x0.9x
Fri, 28 Apr 2023US$107.2bUS$123.4bUS$3.2b22.7x33.3x0.9x
Sun, 26 Mar 2023US$105.1bUS$122.8bUS$3.2b23x32.6x0.9x
Tue, 21 Feb 2023US$109.7bUS$116.3bUS$2.8b22.5x38.9x0.9x
Thu, 19 Jan 2023US$104.2bUS$115.1bUS$2.8b24.4x36.6x0.9x
Price to Earnings Ratio

36.6x


Total Market Cap: US$104.2bTotal 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 27.8x 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 Market1.88%
Industrials3.40%
Construction-0.24%
Construction and Engineering-0.24%
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
APG APi GroupUS$41.877.4%
+US$1.3b		76.1%PE115.7x
WSC WillScot HoldingsUS$21.8812.4%
+US$438.5m		-37.5%PE17.8x
ACM AECOMUS$99.583.3%
+US$419.2m		-5.9%PE20.6x
FLR FluorUS$44.296.2%
+US$417.5m		-8.2%PE2.1x
EME EMCOR GroupUS$646.271.2%
+US$341.1m		38.4%PE25.6x

Latest News

ACM
US$99.58
AECOM
7D
3.3%
1Y
-5.9%

ACM: Long Term Infrastructure Contracts And Buybacks Will Support Stronger Future Returns

Analysts have trimmed their price target on AECOM by about $7. The shift is mainly tied to a slightly lower assumed future P/E multiple, while revenue growth and profit margin expectations remain broadly unchanged.
FIX
US$1,010.41
Comfort Systems USA
7D
0.7%
1Y
129.6%

FIX: Reshoring Capex Cycle Will Support Pricing Power And Index Inclusion

Analysts lifted their fair value estimate for Comfort Systems USA to $1,150 from $1,132.80, citing a higher Street price target supported by stronger than expected Q3 revenue growth, ongoing pricing power, and expectations for high-teens same store revenue growth into 2025 and low to mid teens growth into 2026. Analyst Commentary Bullish Takeaways Bullish analysts point to Q3 revenue coming in above expectations, which they see as support for a higher fair value and Street price targets.
AGX
US$311.87
Argan
7D
-4.3%
1Y
95.6%
IESC
US$389.92
IES Holdings
7D
-4.2%
1Y
73.8%
STRL
US$308.13
Sterling Infrastructure
7D
-3.5%
1Y
88.4%

STRL: Share Repurchases And Index Inclusion Will Support Mission-Critical Project Upside

Analysts have slightly adjusted their price target on Sterling Infrastructure to US$453.33, reflecting updated assumptions around discount rate, revenue growth, profit margin and future P/E. These updates keep their overall valuation view broadly intact.
ECG
US$85.33
Everus Construction Group
7D
-4.3%
1Y
31.9%

Capital Investment Trends At Everus Construction Group (NYSE:ECG) Look Strong

Jan 08
Capital Investment Trends At Everus Construction Group (NYSE:ECG) Look Strong
EME
US$646.27
EMCOR Group
7D
1.2%
1Y
38.4%
WSC
US$21.88
WillScot Holdings
7D
12.4%
1Y
-37.5%
VMI
US$425.58
Valmont Industries
7D
3.4%
1Y
40.8%

VMI: Buybacks And Cost Discipline Will Support Balanced Future Return Potential

Analysts have reaffirmed their fair value estimate for Valmont Industries at US$459, with only very small tweaks to inputs such as the discount rate, long term revenue growth, profit margin and future P/E assumptions behind their updated price target work. What's in the News Management reiterated its interest in smaller tuck in acquisitions that add to existing operations, while also highlighting an ongoing focus on costs and share repurchases, according to comments from the CEO and Senior VP of Investor Relations & Treasurer (Key Developments).
PWR
US$422.57
Quanta Services
7D
-3.9%
1Y
34.8%

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$41.87
APi Group
7D
7.4%
1Y
76.1%

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.
MYRG
US$222.39
MYR Group
7D
-1.9%
1Y
55.6%

MYRG: Transmission And Data Center Demand Will Support Yet Balanced Prospects

Analysts have lifted their price targets on MYR Group into a higher range, with recent moves to $226 and $248. This reflects their view that stronger transmission and distribution activity, improved bidding and awards, and ongoing data center related demand support the updated valuation assumptions.
MTZ
US$218.91
MasTec
7D
-3.8%
1Y
51.4%

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.
FLR
US$44.29
Fluor
7D
6.2%
1Y
-8.2%
DY
US$338.81
Dycom Industries
7D
-2.5%
1Y
92.0%

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).
IMSR
US$9.37
Terrestrial Energy
7D
43.5%
1Y
-6.6%