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U.S. Construction Industry Analysis

UpdatedNov 04, 2025
DataAggregated Company Financials
Companies67
  • 7D-0.6%
  • 3M16.8%
  • 1Y51.4%
  • YTD47.9%

In the last week, the Construction industry is flat overall, with EMCOR Group standing out by going down 11%. As for the the longer term, the industry is up 51% over the past 12 months. 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
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
Fri, 11 Nov 2022US$106.0bUS$115.6bUS$2.8b27.6x38.3x0.9x
Price to Earnings Ratio

38.3x


Total Market Cap: US$106.0bTotal Earnings: US$2.8bTotal Revenue: US$115.6bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Construction Industry Price to Earnings3Y Average 36.5x202320242025
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 27.3x which is lower than its 3-year average PE of 36.5x.
  • 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 55% 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-0.91%
Industrials-0.68%
Construction-0.64%
Construction and Engineering-0.64%
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$450.822.0%
+US$1.4b		48.1%PE66x
STRL Sterling InfrastructureUS$392.774.3%
+US$487.6m		159.2%PE41.9x
APG APi GroupUS$35.783.2%
+US$462.3m		52.3%PE95.4x
ACA ArcosaUS$101.789.5%
+US$434.5m		6.4%PE33.7x
LGN LegenceUS$41.4312.5%
+US$270.0m		n/aPS1.1x

Latest News

AMRC
US$40.00
Ameresco
7D
-3.7%
1Y
19.5%
STRL
US$392.77
Sterling Infrastructure
7D
4.3%
1Y
159.2%
MTZ
US$201.61
MasTec
7D
-4.9%
1Y
52.0%
PWR
US$450.82
Quanta Services
7D
2.0%
1Y
48.1%
ORN
US$10.82
Orion Group Holdings
7D
24.2%
1Y
71.7%

ORN: New Contract Wins And Margin Expansion Will Drive Future Upside

Orion Group Holdings Sees Analyst Price Target Raised Following Improved Profit Margin Outlook Analysts have increased their price target for Orion Group Holdings from $11.13 to $12.17 per share. This change is supported by expectations for a stronger profit margin and a lower discount rate, even as revenue growth projections moderate.
ACM
US$131.76
AECOM
7D
-0.6%
1Y
22.0%
APG
US$35.78
APi Group
7D
3.2%
1Y
52.3%

APG: Rising Net Margins And Revenue Guidance Will Support Outperformance In 2025

APi Group Price Target Sees Modest Uptick as Analysts Refine Outlook Analysts have slightly raised their price target for APi Group from $41.00 to $41.50. This change reflects improved profit margin forecasts and a lower expected future price-to-earnings ratio.
LGN
US$41.43
Legence
7D
12.5%
1Y
n/a
ACA
US$101.78
Arcosa
7D
9.5%
1Y
6.4%
EME
US$673.52
EMCOR Group
7D
-10.8%
1Y
45.9%
VMI
US$410.67
Valmont Industries
7D
-1.1%
1Y
28.6%
MYRG
US$227.46
MYR Group
7D
3.7%
1Y
70.7%
AGX
US$310.41
Argan
7D
5.2%
1Y
127.2%

Power Demand Cycle And Project Backlog Will Drive Multi-Year Expansion

Argan's analyst price target has risen significantly, with projections now at $315 from the prior $220. Analysts cite surging demand for AI-driven power infrastructure and robust project backlogs as key factors supporting a more optimistic outlook.
IESC
US$391.88
IES Holdings
7D
-5.0%
1Y
64.4%

What Does IES Holdings, Inc.'s (NASDAQ:IESC) Share Price Indicate?

Oct 26
What Does IES Holdings, Inc.'s (NASDAQ:IESC) Share Price Indicate?
ROAD
US$113.79
Construction Partners
7D
-2.6%
1Y
45.8%
WSC
US$21.59
WillScot Holdings
7D
-5.1%
1Y
-41.4%

Analyst Commentary Highlights Mixed Outlook and Lower Price Target for WillScot Holdings

WillScot Holdings' analyst price target has been revised downward from approximately $31.44 to $30.70 per share, as analysts cite ongoing mixed demand trends along with weaker expectations for seasonal and retail storage performance. Analyst Commentary Recent analyst reports on WillScot Holdings reflect a wide range of views about the company's current positioning and outlook.