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U.S. Construction Industry Analysis

UpdatedFeb 20, 2026
DataAggregated Company Financials
Companies71
  • 7D3.8%
  • 3M31.1%
  • 1Y92.2%
  • YTD22.4%

Over the last 7 days, the Construction industry has risen 3.8%, driven by gains from Quanta Services of 7.4%. This means that the industry has gained 92% over the past year. 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
Fri, 20 Feb 2026US$336.4bUS$168.2bUS$6.8b33x49.3x2x
Sun, 18 Jan 2026US$302.0bUS$165.7bUS$10.0b36.1x30.2x1.8x
Tue, 16 Dec 2025US$277.1bUS$165.7bUS$10.0b32.6x27.7x1.7x
Thu, 13 Nov 2025US$276.6bUS$164.5bUS$9.9b33.9x27.9x1.7x
Sat, 11 Oct 2025US$269.4bUS$160.0bUS$9.9b35.6x27.2x1.7x
Mon, 08 Sep 2025US$240.6bUS$157.7bUS$10.0b35.7x24x1.5x
Wed, 06 Aug 2025US$234.8bUS$156.7bUS$9.8b33.4x23.9x1.5x
Fri, 04 Jul 2025US$224.8bUS$153.2bUS$7.2b32.6x31.4x1.5x
Sun, 01 Jun 2025US$199.7bUS$153.2bUS$7.2b31.6x27.8x1.3x
Tue, 29 Apr 2025US$167.2bUS$149.9bUS$6.9b22x24.4x1.1x
Thu, 27 Mar 2025US$165.8bUS$149.6bUS$6.8b23.5x24.5x1.1x
Sat, 22 Feb 2025US$167.3bUS$148.5bUS$6.1b27.4x27.3x1.1x
Mon, 20 Jan 2025US$202.5bUS$146.2bUS$3.9b36.4x51.6x1.4x
Wed, 18 Dec 2024US$199.5bUS$146.2bUS$3.9b29.8x50.8x1.4x
Fri, 15 Nov 2024US$196.9bUS$145.5bUS$3.7b33.5x52.6x1.4x
Sun, 13 Oct 2024US$184.6bUS$144.7bUS$4.0b34.6x46.4x1.3x
Tue, 10 Sep 2024US$153.9bUS$144.8bUS$4.0b27.3x38.6x1.1x
Thu, 08 Aug 2024US$153.0bUS$145.1bUS$4.1b24.7x37.7x1.1x
Sat, 06 Jul 2024US$155.8bUS$141.8bUS$3.4b24.5x45.3x1.1x
Mon, 03 Jun 2024US$164.0bUS$141.8bUS$3.4b25.3x47.7x1.2x
Wed, 01 May 2024US$151.2bUS$140.4bUS$3.5b24.7x43.2x1.1x
Fri, 29 Mar 2024US$153.4bUS$136.2bUS$3.5b25.8x44.3x1.1x
Sun, 25 Feb 2024US$134.9bUS$134.8bUS$3.6b25.8x37.5x1x
Tue, 23 Jan 2024US$122.3bUS$135.2bUS$3.6b23.6x34.2x0.9x
Thu, 21 Dec 2023US$127.6bUS$135.1bUS$3.6b24.9x35.7x0.9x
Sat, 18 Nov 2023US$112.1bUS$134.9bUS$3.5b22.3x32x0.8x
Mon, 16 Oct 2023US$108.4bUS$130.5bUS$3.4b19.8x32.3x0.8x
Wed, 13 Sep 2023US$120.2bUS$130.5bUS$3.4b21.4x35.9x0.9x
Fri, 11 Aug 2023US$121.1bUS$130.8bUS$3.3b21.4x36.7x0.9x
Sun, 09 Jul 2023US$117.7bUS$126.6bUS$3.2b19.8x36.4x0.9x
Tue, 06 Jun 2023US$110.9bUS$126.6bUS$3.2b18.9x34.3x0.9x
Thu, 04 May 2023US$106.7bUS$123.4bUS$3.3b23.4x32.6x0.9x
Sat, 01 Apr 2023US$109.6bUS$122.8bUS$3.2b25.2x33.9x0.9x
Mon, 27 Feb 2023US$111.4bUS$121.9bUS$3.1b22.2x35.7x0.9x
Price to Earnings Ratio

35.7x


Total Market Cap: US$111.4bTotal Earnings: US$3.1bTotal Revenue: US$121.9bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Construction Industry Price to Earnings3Y Average 35.7x202420252026
Current Industry PE
  • Investors are optimistic on the American Construction industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 49.3x which is higher than its 3-year average PE of 35.7x.
  • The 3-year average PS ratio of 1.2x is lower than the industry's current PS ratio of 2.0x.
Past Earnings Growth
  • The earnings for companies in the Construction industry have grown 30% per year over the last three years.
  • Revenues for these companies have grown 11% 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 Market0.64%
Industrials2.24%
Construction3.83%
Construction and Engineering3.83%
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$554.007.4%
+US$5.7b		97.0%PE81.1x
FIX Comfort Systems USAUS$1.37k5.7%
+US$2.6b		259.4%PE57.7x
ACM AECOMUS$96.589.3%
+US$1.1b		-3.1%PE20.8x
EME EMCOR GroupUS$803.552.6%
+US$923.1m		89.2%PE31.8x
MTZ MasTecUS$275.613.9%
+US$801.3m		107.6%PE64.6x

Latest News

FIX
US$1,373.52
Comfort Systems USA
7D
5.7%
1Y
259.4%
PWR
US$554.00
Quanta Services
7D
7.4%
1Y
97.0%
MTZ
US$275.61
MasTec
7D
3.9%
1Y
107.6%
JFB
US$20.47
JFB Construction Holdings
7D
-27.2%
1Y
n/a
VMI
US$463.77
Valmont Industries
7D
-0.8%
1Y
27.8%
FLR
US$52.84
Fluor
7D
15.7%
1Y
32.7%
ACM
US$96.58
AECOM
7D
9.3%
1Y
-3.1%
EME
US$803.55
EMCOR Group
7D
2.6%
1Y
89.2%

EME: Higher 2026 Payout And Buybacks Will Support Fairly Valued Outlook

Analysts have raised their price target for EMCOR Group by $13.50 to $772.00, citing updated assumptions around fair value, discount rate, revenue growth, profit margins, and future P/E as reflected in recent research such as the Stifel report. Analyst Commentary Bullish Takeaways Bullish analysts view the raised US$772.00 price target as better aligned with updated fair value assumptions that incorporate their latest work on discount rates, revenue expectations, and margin profiles.
STRL
US$415.13
Sterling Infrastructure
7D
-3.8%
1Y
234.1%

There's Reason For Concern Over Sterling Infrastructure, Inc.'s (NASDAQ:STRL) Massive 34% Price Jump

Feb 13
There's Reason For Concern Over Sterling Infrastructure, Inc.'s (NASDAQ:STRL) Massive 34% Price Jump
MWH
US$30.50
SOLV Energy
7D
-1.3%
1Y
n/a
AGX
US$432.18
Argan
7D
4.5%
1Y
203.2%
IESC
US$506.94
IES Holdings
7D
2.3%
1Y
154.8%

There's Reason For Concern Over IES Holdings, Inc.'s (NASDAQ:IESC) Massive 26% Price Jump

Feb 10
There's Reason For Concern Over IES Holdings, Inc.'s (NASDAQ:IESC) Massive 26% Price Jump
ROAD
US$131.21
Construction Partners
7D
-2.6%
1Y
70.6%

ROAD: FY26 Guidance And Buybacks Will Balance Neutral Sentiment And Execution Risks

Narrative Update on Construction Partners The analyst price target for Construction Partners has been adjusted by roughly $1 higher, with analysts citing updated fair value estimates, a slightly lower discount rate, and modestly revised long term P/E assumptions as key drivers for the change. Analyst Commentary Recent Street research around Construction Partners has focused on fair value, risk, and execution rather than strong directional calls.
ACA
US$124.54
Arcosa
7D
-1.7%
1Y
28.8%

ACA: Steady Fair Value View Will Frame 2025 Guidance And Buyback Update

Narrative Update on Arcosa Analysts now see Arcosa's fair value at about US$127.17, roughly US$4.00 above the prior US$123.17 view, reflecting updated assumptions around discount rates, revenue growth, profit margins, and future P/E expectations. Valuation Changes Fair Value: Revised to about US$127.17 from roughly US$123.17, a small upward adjustment in the estimated equity value.
LGN
US$47.28
Legence
7D
-1.8%
1Y
n/a
ONEG
US$1.77
OneConstruction Group
7D
-45.9%
1Y
-24.7%