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U.S. Construction Industry Analysis

UpdatedNov 14, 2025
DataAggregated Company Financials
Companies69
  • 7D-3.0%
  • 3M10.0%
  • 1Y36.0%
  • YTD40.4%

Over the last 7 days, the Construction industry has dropped 3.0%, driven by a pullback from Quanta Services of 4.7%. In the past year, the industry has gained 36%. Looking forward, earnings are forecast to grow by 19% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 17 Nov 2025US$278.7bUS$164.5bUS$9.9b32.7x28.2x1.7x
Wed, 15 Oct 2025US$269.8bUS$160.0bUS$9.9b36.3x27.2x1.7x
Fri, 12 Sep 2025US$246.9bUS$160.0bUS$10.0b35.7x24.8x1.5x
Sun, 10 Aug 2025US$239.2bUS$157.4bUS$9.9b33.4x24.1x1.5x
Tue, 08 Jul 2025US$224.5bUS$153.2bUS$7.2b32.5x31.3x1.5x
Thu, 05 Jun 2025US$205.6bUS$153.2bUS$7.2b31.7x28.7x1.3x
Sat, 03 May 2025US$177.2bUS$151.9bUS$7.3b24.3x24.2x1.2x
Mon, 31 Mar 2025US$153.2bUS$149.6bUS$6.8b22.7x22.6x1x
Wed, 26 Feb 2025US$162.9bUS$148.7bUS$6.1b25.8x26.5x1.1x
Fri, 24 Jan 2025US$213.6bUS$146.2bUS$3.9b36.5x54.4x1.5x
Sun, 22 Dec 2024US$191.2bUS$146.2bUS$3.9b29.2x48.7x1.3x
Tue, 19 Nov 2024US$193.5bUS$145.5bUS$3.8b34.9x51.5x1.3x
Thu, 17 Oct 2024US$186.4bUS$144.7bUS$4.0b35.3x46.9x1.3x
Sat, 14 Sep 2024US$164.1bUS$144.8bUS$4.0b29x41.2x1.1x
Mon, 12 Aug 2024US$156.7bUS$145.1bUS$4.0b24.6x39.4x1.1x
Wed, 10 Jul 2024US$153.7bUS$141.8bUS$3.4b23.8x44.6x1.1x
Fri, 07 Jun 2024US$162.2bUS$141.8bUS$3.4b24.8x47.2x1.1x
Sun, 05 May 2024US$154.1bUS$141.1bUS$3.4b24.9x45.3x1.1x
Tue, 02 Apr 2024US$153.7bUS$136.2bUS$3.5b24.7x44.4x1.1x
Thu, 29 Feb 2024US$137.1bUS$135.0bUS$3.6b27x38x1x
Sat, 27 Jan 2024US$121.0bUS$135.2bUS$3.6b24.4x33.9x0.9x
Mon, 25 Dec 2023US$126.8bUS$135.1bUS$3.6b25.4x35.5x0.9x
Wed, 22 Nov 2023US$113.0bUS$134.9bUS$3.5b22.4x32.2x0.8x
Fri, 20 Oct 2023US$105.9bUS$130.5bUS$3.4b19.6x31.6x0.8x
Sun, 17 Sep 2023US$118.1bUS$130.5bUS$3.4b20.7x35.2x0.9x
Tue, 15 Aug 2023US$122.3bUS$130.7bUS$3.4b21.8x36.5x0.9x
Thu, 13 Jul 2023US$120.8bUS$126.6bUS$3.2b20.5x37.4x1x
Sat, 10 Jun 2023US$113.9bUS$126.6bUS$3.2b19.3x35.3x0.9x
Mon, 08 May 2023US$108.3bUS$125.5bUS$3.1b22.6x35x0.9x
Wed, 05 Apr 2023US$105.1bUS$122.8bUS$3.2b24.7x32.5x0.9x
Fri, 03 Mar 2023US$113.1bUS$122.9bUS$3.3b22.6x33.9x0.9x
Sun, 29 Jan 2023US$107.0bUS$115.2bUS$2.8b23.9x37.6x0.9x
Tue, 27 Dec 2022US$104.2bUS$115.9bUS$2.9b23.2x35.9x0.9x
Thu, 24 Nov 2022US$106.4bUS$115.8bUS$2.9b21.9x36.6x0.9x
Price to Earnings Ratio

36.6x


Total Market Cap: US$106.4bTotal Earnings: US$2.9bTotal Revenue: US$115.8bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Construction Industry Price to Earnings3Y Average 36.3x202320242025
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 28.2x which is lower than its 3-year average PE of 36.3x.
  • The 3-year average PS ratio of 1.1x 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 50% 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 Market-0.39%
Industrials-1.57%
Construction-2.96%
Construction and Engineering-2.96%
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
ACM AECOMUS$133.522.2%
+US$377.5m		22.3%PE26.2x
AGX ArganUS$351.644.7%
+US$216.6m		151.8%PE41.4x
LGN LegenceUS$40.2710.1%
+US$215.9m		n/aPS1x
GVA Granite ConstructionUS$102.552.4%
+US$104.3m		6.3%PE24.5x
CTRI Centuri HoldingsUS$20.87-3.5%
US$87.9m		1.5%PE797.7x

Latest News

LGN
US$40.27
Legence
7D
10.1%
1Y
n/a
SHIM
US$2.47
Shimmick
7D
18.4%
1Y
15.4%
CTRI
US$20.87
Centuri Holdings
7D
-3.5%
1Y
1.5%

Centuri Holdings' (NYSE:CTRI) Promising Earnings May Rest On Soft Foundations

Nov 15
Centuri Holdings' (NYSE:CTRI) Promising Earnings May Rest On Soft Foundations
PRIM
US$118.04
Primoris Services
7D
-8.5%
1Y
49.3%
IESC
US$364.71
IES Holdings
7D
-9.5%
1Y
37.8%
GVA
US$102.55
Granite Construction
7D
2.4%
1Y
6.3%

Shareholders Can Be Confident That Granite Construction's (NYSE:GVA) Earnings Are High Quality

Nov 13
Shareholders Can Be Confident That Granite Construction's (NYSE:GVA) Earnings Are High Quality
STRL
US$338.66
Sterling Infrastructure
7D
-11.9%
1Y
82.3%

Additional Considerations Required While Assessing Sterling Infrastructure's (NASDAQ:STRL) Strong Earnings

Nov 12
Additional Considerations Required While Assessing Sterling Infrastructure's (NASDAQ:STRL) Strong Earnings
AGX
US$351.64
Argan
7D
4.7%
1Y
151.8%

AGX: Rising Backlog Exposure Will Heighten Risks From Project Delays Ahead

Analysts have maintained Argan's fair value estimate at $262. This decision reflects continued industry optimism and increased project activity, supported by rising backlogs and margin expectations despite a modest uptick in the discount rate.
FIX
US$909.60
Comfort Systems USA
7D
-6.6%
1Y
101.7%

FIX: Robust Demand From U.S. Manufacturing Reshoring Will Drive Continued Momentum

Analysts have increased their price target for Comfort Systems USA from $1,007.80 to $1,132.80. They cite stronger-than-expected revenue growth and continued momentum driven by robust industry demand and company performance.
ECG
US$90.18
Everus Construction Group
7D
-10.6%
1Y
52.0%

Everus Construction Group, Inc. Beat Analyst Estimates: See What The Consensus Is Forecasting For Next Year

Nov 07
Everus Construction Group, Inc. Beat Analyst Estimates: See What The Consensus Is Forecasting For Next Year
PWR
US$429.30
Quanta Services
7D
-4.7%
1Y
30.7%

PWR: Continued Power Market Expansion Will Drive Balanced Earnings Outlook Ahead

Quanta Services’ analyst fair value estimate has increased from $432.68 to $463.88. Analysts cite strong earnings performance, continued strength across its key business segments, and expanding opportunities in power generation and infrastructure markets as critical drivers of this upward revision.
ACM
US$133.52
AECOM
7D
2.2%
1Y
22.3%

ACM: Growth Opportunities and Ongoing Projects Are Expected to Support Steady Performance

Analysts have increased their price target for AECOM from $140.50 to $141.75, reflecting updated expectations for growth and profitability. What's in the News Jacobs and AECOM have been appointed by New Murabba Development Company to provide design services for The Mukaab, the centerpiece of Riyadh's New Murabba development.
EME
US$619.86
EMCOR Group
7D
-5.6%
1Y
23.8%

EME: Future U.S. Reshoring Trends Will Drive Demand And Margin Recovery

EMCOR Group's analyst price target has increased from $716.00 to $758.50. This change reflects analyst expectations for continued demand amid robust U.S. industrial reshoring trends and stabilized operating margins, despite recent project-specific challenges.
ACA
US$100.48
Arcosa
7D
0.4%
1Y
-3.1%

ACA: Earnings Guidance And Market Multiples Will Drive Future Upside

Analysts have raised their price target for Arcosa from $116 to approximately $118.17 per share. This change reflects updated expectations for future earnings multiples, even as revenue growth and profit margin outlooks moderate.
MTZ
US$192.22
MasTec
7D
-4.4%
1Y
38.8%
MAGH
US$2.41
Magnitude International
7D
73.4%
1Y
n/a