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U.S. Construction and Engineering Industry Analysis

UpdatedDec 07, 2025
DataAggregated Company Financials
Companies69
  • 7D-0.2%
  • 3M14.5%
  • 1Y34.2%
  • YTDn/a

The Construction and Engineering industry has been flat over the last week, but Argan has lost 21%. As for the the longer term, the industry is up 34% over the past 12 months. Earnings are forecast to grow by 20% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 07 Dec 2025US$280.4bUS$165.4bUS$10.0b34.2x28.1x1.7x
Tue, 04 Nov 2025US$281.4bUS$163.6bUS$10.3b34.6x27.3x1.7x
Thu, 02 Oct 2025US$264.7bUS$160.0bUS$9.9b36.1x26.7x1.7x
Sat, 30 Aug 2025US$245.3bUS$157.7bUS$10.0b34.5x24.5x1.6x
Mon, 28 Jul 2025US$245.7bUS$153.6bUS$7.1b33.9x34.4x1.6x
Wed, 25 Jun 2025US$215.9bUS$153.2bUS$7.2b30.3x30.1x1.4x
Fri, 23 May 2025US$196.1bUS$153.2bUS$7.2b30.5x27.3x1.3x
Sun, 20 Apr 2025US$156.1bUS$149.6bUS$6.8b21.3x23x1x
Tue, 18 Mar 2025US$158.8bUS$149.6bUS$6.8b24.9x23.5x1.1x
Thu, 13 Feb 2025US$187.1bUS$146.7bUS$4.0b30.6x46.4x1.3x
Sat, 11 Jan 2025US$190.0bUS$146.2bUS$3.9b33x48.4x1.3x
Mon, 09 Dec 2024US$205.0bUS$146.2bUS$3.9b32.6x52.2x1.4x
Wed, 06 Nov 2024US$183.1bUS$145.3bUS$4.0b32.6x46x1.3x
Fri, 04 Oct 2024US$177.8bUS$144.7bUS$4.0b31.8x44.7x1.2x
Sun, 01 Sep 2024US$167.7bUS$144.7bUS$4.0b28x42.2x1.2x
Tue, 30 Jul 2024US$162.0bUS$142.9bUS$3.6b26.2x44.8x1.1x
Thu, 27 Jun 2024US$161.8bUS$141.8bUS$3.4b24.6x47x1.1x
Sat, 25 May 2024US$163.1bUS$141.8bUS$3.4b26x47.4x1.2x
Mon, 22 Apr 2024US$144.8bUS$139.2bUS$3.3b23.8x43.9x1x
Wed, 20 Mar 2024US$146.2bUS$136.3bUS$3.5b24.9x42.2x1.1x
Fri, 16 Feb 2024US$130.7bUS$132.9bUS$3.7b26.9x35.5x1x
Sun, 14 Jan 2024US$122.3bUS$135.2bUS$3.6b23.1x34.2x0.9x
Tue, 12 Dec 2023US$120.7bUS$135.2bUS$3.6b22.7x33.9x0.9x
Thu, 09 Nov 2023US$104.7bUS$134.5bUS$3.6b19.3x28.8x0.8x
Sat, 07 Oct 2023US$110.5bUS$130.5bUS$3.4b20.3x33x0.8x
Mon, 04 Sep 2023US$124.3bUS$130.4bUS$3.4b22x37.1x1x
Wed, 02 Aug 2023US$123.8bUS$127.2bUS$3.3b20.2x37.9x1x
Fri, 30 Jun 2023US$118.8bUS$126.6bUS$3.2b19.9x36.8x0.9x
Sun, 28 May 2023US$109.3bUS$126.5bUS$3.2b18.4x33.8x0.9x
Tue, 25 Apr 2023US$106.4bUS$122.8bUS$3.2b22.3x33.1x0.9x
Thu, 23 Mar 2023US$105.1bUS$122.8bUS$3.2b22.3x32.6x0.9x
Sat, 18 Feb 2023US$109.7bUS$116.3bUS$2.8b22.5x38.9x0.9x
Mon, 16 Jan 2023US$106.7bUS$115.1bUS$2.8b25x37.5x0.9x
Wed, 14 Dec 2022US$106.8bUS$115.9bUS$2.9b22.3x36.8x0.9x
Price to Earnings Ratio

36.8x


Total Market Cap: US$106.8bTotal Earnings: US$2.9bTotal Revenue: US$115.9bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Construction and Engineering Industry Price to Earnings3Y Average 36.2x202320242025
Current Industry PE
  • Investors are pessimistic on the American Construction and Engineering 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 28.1x which is lower than its 3-year average PE of 36.2x.
  • 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 and Engineering industry have grown 51% 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 Comparison

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

US Market0.50%
Industrials0.45%
Construction-0.21%
Construction and Engineering-0.21%
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$1.00k2.5%
+US$863.6m		101.5%PE42.1x
MTZ MasTecUS$219.522.6%
+US$437.9m		54.7%PE51.5x
EME EMCOR GroupUS$623.621.4%
+US$382.7m		22.5%PE24.7x
CTRI Centuri HoldingsUS$25.5813.7%
+US$307.7m		20.1%PE1013.2x
IESC IES HoldingsUS$428.622.4%
+US$199.5m		59.8%PE28.1x

Latest News

EME
US$623.62
EMCOR Group
7D
1.4%
1Y
22.5%

EME: Raised 2025 Guidance Will Outweigh Near Term Margin Volatility

Analysts have modestly reduced their price target on EMCOR Group to $713 from $718, reflecting slightly softer assumptions on near term growth and margins, while still highlighting resilient end market demand, raised 2025 guidance, and the company’s strategic role in the ongoing U.S. reshoring investment cycle. Analyst Commentary Analysts remain broadly constructive on EMCOR’s positioning in the U.S. industrial and infrastructure reshoring cycle, even as they modestly trim near term valuation assumptions to reflect recent margin volatility in the U.S. Electrical segment.
AGX
US$313.70
Argan
7D
-20.6%
1Y
113.2%
ROAD
US$103.04
Construction Partners
7D
-5.5%
1Y
1.2%

ROAD: Houston Expansion And Multi Year Backlog Will Drive Future Upside

The analyst price target for Construction Partners has increased modestly to $128.00 from $122.50, as analysts factor in slightly higher long term valuation multiples, despite more tempered revenue growth expectations and a marginally higher discount rate. Analyst Commentary Analysts remain broadly constructive on Construction Partners, balancing solid execution and encouraging long term guidance with a more measured view on near term upside and valuation.
DY
US$351.80
Dycom Industries
7D
-2.7%
1Y
82.6%

Dycom Industries, Inc.'s (NYSE:DY) 26% Jump Shows Its Popularity With Investors

Dec 05
Dycom Industries, Inc.'s (NYSE:DY) 26% Jump Shows Its Popularity With Investors
CTRI
US$25.58
Centuri Holdings
7D
13.7%
1Y
20.1%

Investors Appear Satisfied With Centuri Holdings, Inc.'s (NYSE:CTRI) Prospects As Shares Rocket 28%

Dec 05
Investors Appear Satisfied With Centuri Holdings, Inc.'s (NYSE:CTRI) Prospects As Shares Rocket 28%
STRL
US$325.10
Sterling Infrastructure
7D
-5.6%
1Y
66.1%

STRL: Expanding E-Infrastructure Backlog Will Drive Future Earnings Momentum

Analysts modestly raised their price target on Sterling Infrastructure to $453.33 from $348.00, citing the company’s successful evolution into a higher growth, diversified infrastructure provider with a strong backlog in mission critical e-infrastructure projects. Analyst Commentary Analyst commentary on Sterling Infrastructure highlights a company that has materially upgraded its business profile, but where much of the near term upside may already be reflected in shares.
PWR
US$460.64
Quanta Services
7D
-0.9%
1Y
38.6%

PWR: Expanding Power Generation And Grid Projects Will Support Balanced Long-Term Outlook

Analysts have nudged their fair value estimate for Quanta Services slightly higher to approximately $474, citing a series of price target increases toward the mid to high $400s and up to about $550. They point to strong Q3 execution, expanding power generation and energy infrastructure opportunities, and robust transmission and distribution demand as reinforcing confidence in its long term growth profile.
FIX
US$1,001.48
Comfort Systems USA
7D
2.5%
1Y
101.5%
ACM
US$102.43
AECOM
7D
-0.7%
1Y
-10.0%

ACM: Dividend Increases Will Drive Future Shareholder Returns

Analysts have nudged their price target on AECOM slightly lower, trimming fair value by approximately $0.08 per share as they factor in a modestly higher perceived risk profile and a slightly softer margin outlook, partly offset by expectations for a richer future earnings multiple. What's in the News AECOM completed a major share repurchase tranche, buying back about 1.97 million shares, or 1.49% of outstanding stock, in the quarter ended September 30, 2025.
MTZ
US$219.52
MasTec
7D
2.6%
1Y
54.7%

MTZ: Electric Transmission Wins And Backlog Expansion Will Drive Future Momentum

MasTec's analyst price target has been raised by analysts, increasing from $227 to a range as high as $290. Stronger order pipelines, margin opportunities in clean energy, and a growing backlog across multiple segments support a more constructive outlook.
PHOE
US$18.73
Phoenix Asia Holdings
7D
32.6%
1Y
n/a
APG
US$39.06
APi Group
7D
-1.3%
1Y
51.8%

APG: Revenue Outlook And Margin Trends Will Keep Shares Rangebound

Analysts have slightly lowered their price target for APi Group, trimming it to $42.30 as modest changes in profit margin and future P/E expectations are influencing previous valuation assumptions. What's in the News APi Group Corporation has raised its full-year 2025 earnings guidance, now expecting net revenues between $7,825 million and $7,925 million, up from the previous range of $7,650 million to $7,850 million (Key Developments).
AMRC
US$33.25
Ameresco
7D
-4.2%
1Y
19.7%

AMRC: Federal Data Center Project Will Drive Up Long-Term Revenue Visibility

Analysts have increased their price target for Ameresco from $22 to $32, citing the company's strategic role in major federal energy and data center infrastructure projects as the primary rationale for the upward revision. Analyst Commentary Recent analyst updates on Ameresco center on the company’s involvement in significant federal energy and data center initiatives, with a particular focus on its announced project at Naval Air Station Lemoore.
WSC
US$20.61
WillScot Holdings
7D
4.4%
1Y
-47.4%
FLR
US$43.96
Fluor
7D
2.4%
1Y
-21.2%
IESC
US$428.62
IES Holdings
7D
2.4%
1Y
59.8%