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U.S. Construction and Engineering Industry Analysis

UpdatedApr 22, 2026
DataAggregated Company Financials
Companies64
  • 7D2.2%
  • 3M24.1%
  • 1Y138.9%
  • YTDn/a

In the last week, the Construction and Engineering industry is up 2.2%, with Quanta Services up 1.9%. This means that the industry has gained 139% over the past year. Earnings are forecast to grow by 22% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 22 Apr 2026US$382.8bUS$172.6bUS$6.7b43.3x57.3x2.2x
Fri, 20 Mar 2026US$338.6bUS$173.7bUS$6.7b32.1x50.8x1.9x
Sun, 15 Feb 2026US$341.8bUS$168.3bUS$10.2b38.3x33.6x2x
Tue, 13 Jan 2026US$279.5bUS$165.7bUS$10.0b33.3x27.9x1.7x
Thu, 11 Dec 2025US$282.7bUS$165.8bUS$10.0b33.4x28.3x1.7x
Sat, 08 Nov 2025US$275.6bUS$165.2bUS$10.7b33.6x25.9x1.7x
Mon, 06 Oct 2025US$265.2bUS$160.0bUS$9.9b35.9x26.7x1.7x
Wed, 03 Sep 2025US$240.4bUS$157.7bUS$10.0b34.4x24x1.5x
Fri, 01 Aug 2025US$243.6bUS$153.7bUS$7.2b33.5x33.9x1.6x
Sun, 29 Jun 2025US$220.4bUS$153.2bUS$7.2b32.2x30.8x1.4x
Tue, 27 May 2025US$195.7bUS$153.2bUS$7.2b28.2x27.3x1.3x
Thu, 24 Apr 2025US$154.3bUS$149.6bUS$6.8b22.6x22.7x1x
Sat, 22 Mar 2025US$163.3bUS$149.6bUS$6.8b24.8x24.1x1.1x
Mon, 17 Feb 2025US$177.2bUS$146.8bUS$4.0b29.6x43.8x1.2x
Wed, 15 Jan 2025US$194.6bUS$146.2bUS$3.9b34.9x49.5x1.3x
Fri, 13 Dec 2024US$200.8bUS$146.2bUS$3.9b31x51.1x1.4x
Sun, 10 Nov 2024US$201.2bUS$145.6bUS$3.8b35x52.9x1.4x
Tue, 08 Oct 2024US$180.5bUS$144.7bUS$4.0b32.9x45.4x1.2x
Thu, 05 Sep 2024US$157.2bUS$144.7bUS$4.0b26.1x39.5x1.1x
Sat, 03 Aug 2024US$159.4bUS$143.7bUS$3.6b24.5x44.2x1.1x
Mon, 01 Jul 2024US$156.1bUS$141.8bUS$3.4b25.1x45.4x1.1x
Wed, 29 May 2024US$166.4bUS$141.8bUS$3.4b25.8x48.4x1.2x
Fri, 26 Apr 2024US$150.2bUS$139.7bUS$3.4b24x44.2x1.1x
Sun, 24 Mar 2024US$152.8bUS$136.3bUS$3.5b25.5x44.1x1.1x
Tue, 20 Feb 2024US$130.7bUS$132.9bUS$3.7b26.3x35.5x1x
Thu, 18 Jan 2024US$120.2bUS$135.2bUS$3.6b23.1x33.6x0.9x
Sat, 16 Dec 2023US$125.9bUS$135.2bUS$3.6b24.6x35.4x0.9x
Mon, 13 Nov 2023US$107.7bUS$134.5bUS$3.6b19.8x29.6x0.8x
Wed, 11 Oct 2023US$112.1bUS$130.5bUS$3.4b20.8x33.4x0.9x
Fri, 08 Sep 2023US$120.6bUS$130.5bUS$3.4b21.9x35.8x0.9x
Sun, 06 Aug 2023US$120.9bUS$129.9bUS$3.6b19.2x33.2x0.9x
Tue, 04 Jul 2023US$119.2bUS$126.6bUS$3.2b20x36.9x0.9x
Thu, 01 Jun 2023US$109.1bUS$126.5bUS$3.2b17.9x33.7x0.9x
Sat, 29 Apr 2023US$108.0bUS$123.7bUS$3.3b22.9x32.8x0.9x
Price to Earnings Ratio

32.8x


Total Market Cap: US$108.0bTotal Earnings: US$3.3bTotal Revenue: US$123.7bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Construction and Engineering Industry Price to Earnings3Y Average 36.7x202420252026
Current Industry PE
  • Investors are optimistic on the American Construction and Engineering industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 57.3x which is higher than its 3-year average PE of 36.7x.
  • The 3-year average PS ratio of 1.2x is lower than the industry's current PS ratio of 2.2x.
Past Earnings Growth
  • The earnings for companies in the Construction and Engineering industry have grown 27% 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 Comparison

How does U.S. Construction and Engineering compare with similar industries?

US Market1.31%
Industrials-0.53%
Construction2.25%
Construction and Engineering2.25%
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
PWR Quanta ServicesUS$605.891.9%
+US$1.7b		131.4%PE88.4x
APG APi GroupUS$48.506.7%
+US$1.3b		109.3%PS2.6x
EME EMCOR GroupUS$838.012.9%
+US$1.1b		124.5%PE29.3x
FIX Comfort Systems USAUS$1.67k1.4%
+US$831.8m		391.9%PE57.5x
LGN LegenceUS$76.5915.9%
+US$709.1m		n/aPS2x

Latest News

PRIM
US$164.67
Primoris Services
7D
-0.9%
1Y
197.0%
VMI
US$458.77
Valmont Industries
7D
6.8%
1Y
64.9%
FLR
US$47.14
Fluor
7D
-4.3%
1Y
39.1%

FLR: Backlog Inflection And New Energy Work Will Drive Fresh Start

Fluor's analyst fair value estimate edges down from $54.22 to $53.50 as analysts factor in a slightly higher discount rate. They still highlight raised price targets tied to expectations for stronger core bookings and reduced NuScale related noise.
CTRI
US$32.96
Centuri Holdings
7D
-2.2%
1Y
97.1%
APG
US$48.50
APi Group
7D
6.7%
1Y
109.3%

APi Group: A Safety Player At Work

Apr 20
FIX
US$1,674.16
Comfort Systems USA
7D
1.4%
1Y
391.9%

FIX: Texas Data Center And Modular Exposure Will Shape Future P/E Expectations

Analysts have lifted the price target on Comfort Systems USA to $1,819 from $1,800, citing the company’s exposure to fast growing Texas data center projects, its modular capabilities, and the contribution from Kodiak in expanding its skilled workforce. Analyst Commentary Bullish analysts have been steadily lifting their expectations on Comfort Systems USA, pointing to the same core themes that underpin the latest price target move.
GVA
US$123.92
Granite Construction
7D
-2.4%
1Y
61.7%

GVA: Backlog And Cash Conversion Will Support Above Consensus FY26 Outlook Execution

Analysts have raised their consolidated price target on Granite Construction to $132, citing strong backlog growth, solid cash conversion and an above-consensus FY26 outlook as the main factors supporting the updated view. Analyst Commentary Recent research highlights that the higher price target to $132 is supported by a strong backlog and solid cash conversion, with Q4 results and the FY26 outlook viewed as key reference points.
TPC
US$85.11
Tutor Perini
7D
-1.2%
1Y
321.8%

TPC: Higher Margin Backlog And 2026 Outlook Will Drive Future Upside

Analysts have lifted their price targets on Tutor Perini into a higher range, with recent moves from $86 to $98 and from $95 to $120. These changes reflect updated views on revenue, margins and future P/E assumptions following the latest quarterly results and backlog trends.
NWPX
US$81.08
NWPX Infrastructure
7D
-7.5%
1Y
97.2%
EME
US$838.01
EMCOR Group
7D
2.9%
1Y
124.5%
WSC
US$21.63
WillScot Holdings
7D
13.3%
1Y
-3.9%

WSC: Construction Demand And 2026 Leasing Shift Will Drive Future Upside

Analysts have trimmed the price target for WillScot Holdings to $31.12 from $31.88, reflecting updated views on profit margins, discount rates, and future P/E assumptions in light of recent mixed research that includes both target cuts and increases, as well as a new neutral initiation. Analyst Commentary Recent Street research on WillScot Holdings presents a mixed but generally constructive tone, with several bullish analysts highlighting specific catalysts around construction demand, rental exposure, and the company's long term plans.
PWR
US$605.89
Quanta Services
7D
1.9%
1Y
131.4%

PWR: Power Supercycle And Backlog Visibility Will Shape Balanced Outlook

Analysts have lifted the Quanta Services fair value estimate from $479.09 to $593.30. This reflects updated assumptions for slightly faster revenue growth, modestly higher profit margins, and a higher future P/E multiple following a series of upward price target revisions tied to recent Q4 results and multi year growth opportunities in power infrastructure and related acquisitions.
LGN
US$76.59
Legence
7D
15.9%
1Y
n/a
ECG
US$129.08
Everus Construction Group
7D
-4.9%
1Y
249.4%
ROAD
US$123.25
Construction Partners
7D
7.3%
1Y
59.9%

ROAD: Q1 Execution And Buybacks Will Support Future Compounding Earnings Power

Analysts have nudged their price target higher to about $142 from roughly $138, citing Street research that highlights Construction Partners' recent Q1 performance as a relative bright spot and a business model they view as compounding, despite a rocky aggregates earnings season. Analyst Commentary Street research on Construction Partners has focused on how the latest fiscal Q1 results fit into a tougher aggregates earnings season and what that might mean for the stock's valuation and execution risk.
CDNL
US$47.77
Cardinal Infrastructure Group
7D
-4.0%
1Y
n/a