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U.S. Construction Industry Analysis

UpdatedJun 19, 2026
DataAggregated Company Financials
Companies68
  • 7D4.1%
  • 3M31.5%
  • 1Y96.9%
  • YTD51.7%

The Construction industry is up 9.1% in the last week, with Comfort Systems USA up 6.7%. This means that the industry has gained 95% over the past year. Earnings are forecast to grow by 25% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 19 Jun 2026US$429.4bUS$180.4bUS$7.6b48.4x56.5x2.4x
Sun, 17 May 2026US$444.6bUS$179.6bUS$7.6b51.3x58.3x2.5x
Tue, 14 Apr 2026US$367.5bUS$172.5bUS$6.7b37.7x55.2x2.1x
Thu, 12 Mar 2026US$337.0bUS$173.7bUS$6.7b35.1x50.6x1.9x
Sat, 07 Feb 2026US$305.0bUS$166.1bUS$10.1b38.3x30.3x1.8x
Mon, 05 Jan 2026US$278.1bUS$165.7bUS$10.0b30.5x27.8x1.7x
Wed, 03 Dec 2025US$275.5bUS$165.4bUS$10.0b33.3x27.6x1.7x
Fri, 31 Oct 2025US$289.2bUS$160.8bUS$10.1b34.8x28.6x1.8x
Sun, 28 Sep 2025US$260.8bUS$160.0bUS$9.9b34.9x26.3x1.6x
Tue, 26 Aug 2025US$238.8bUS$157.7bUS$10.0b32.4x23.9x1.5x
Thu, 24 Jul 2025US$226.4bUS$153.3bUS$7.1b32.6x32.1x1.5x
Sat, 21 Jun 2025US$208.8bUS$153.2bUS$7.2b29.6x29.2x1.4x
Mon, 19 May 2025US$198.9bUS$153.1bUS$7.2b30.1x27.7x1.3x
Wed, 16 Apr 2025US$158.2bUS$149.6bUS$6.8b21.3x23.3x1.1x
Fri, 14 Mar 2025US$155.0bUS$149.6bUS$6.8b23.3x22.9x1x
Sun, 09 Feb 2025US$192.2bUS$146.6bUS$4.0b34.9x47.7x1.3x
Tue, 07 Jan 2025US$193.4bUS$146.2bUS$3.9b32.1x49.2x1.3x
Thu, 05 Dec 2024US$206.1bUS$146.1bUS$3.9b35.3x52.8x1.4x
Sat, 02 Nov 2024US$185.3bUS$146.8bUS$4.2b33.6x44x1.3x
Mon, 30 Sep 2024US$177.6bUS$144.8bUS$4.0b31.4x44.7x1.2x
Wed, 28 Aug 2024US$165.4bUS$144.7bUS$4.0b27.2x41.6x1.1x
Fri, 26 Jul 2024US$157.8bUS$141.8bUS$3.4b26.2x45.8x1.1x
Sun, 23 Jun 2024US$162.5bUS$141.8bUS$3.4b24.4x47.2x1.1x
Tue, 21 May 2024US$159.1bUS$141.8bUS$3.4b25.4x46.1x1.1x
Thu, 18 Apr 2024US$144.1bUS$136.3bUS$3.5b23.5x41.3x1.1x
Sat, 16 Mar 2024US$143.7bUS$136.3bUS$3.5b24.4x41.5x1.1x
Mon, 12 Feb 2024US$129.6bUS$132.9bUS$3.6b25.6x35.8x1x
Wed, 10 Jan 2024US$121.6bUS$135.1bUS$3.6b23.4x34x0.9x
Fri, 08 Dec 2023US$116.8bUS$135.2bUS$3.6b22.3x32.7x0.9x
Sun, 05 Nov 2023US$106.8bUS$134.3bUS$3.7b21.1x29.3x0.8x
Tue, 03 Oct 2023US$113.5bUS$130.5bUS$3.4b20.2x33.8x0.9x
Thu, 31 Aug 2023US$123.0bUS$130.4bUS$3.4b21.8x36.7x0.9x
Sat, 29 Jul 2023US$121.0bUS$127.5bUS$3.2b20x37.4x0.9x
Mon, 26 Jun 2023US$114.6bUS$126.6bUS$3.2b19.3x35.5x0.9x
Price to Earnings Ratio

35.5x


Total Market Cap: US$114.6bTotal Earnings: US$3.2bTotal Revenue: US$126.6bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Construction Industry Price to Earnings3Y Average 37.9x202420252026
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 55.8x which is higher than its 3-year average PE of 37.9x.
  • The 3-year average PS ratio of 1.3x is lower than the industry's current PS ratio of 2.4x.
Past Earnings Growth
  • The earnings for companies in the Construction industry have grown 33% 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 Trends

Which industries have driven the changes within the U.S. Industrials industry?

US Market1.65%
Industrials2.84%
Construction4.08%
Construction and Engineering4.08%
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$1.97k6.7%
+US$4.4b		294.3%PE56.5x
PWR Quanta ServicesUS$702.252.8%
+US$2.8b		94.8%PE95.4x
MTZ MasTecUS$379.665.9%
+US$1.7b		130.6%PE65.8x
AGX ArganUS$738.8518.5%
+US$1.6b		258.3%PE64.2x
EME EMCOR GroupUS$836.593.1%
+US$1.1b		72.4%PE27.8x

Latest News

ACM
US$68.81
AECOM
7D
-1.1%
1Y
-37.7%
Analysis Article • 10h

AECOM (ACM) Stock Could Be 35% Undervalued After DHS Contract And AI Push

AECOM (ACM) stock is back in focus after the company secured a wide ranging U.S. Department of Homeland Security contract and highlighted growing use of proprietary AI tools in major infrastructure projects. See our latest analysis for AECOM. Despite the Department of Homeland Security contract win, expanding AI tools and recent leadership and financing updates, AECOM’s recent momentum has softened, with the share price down 23.1% over 90 days and the 1 year total shareholder return declining...
AGX
US$738.85
Argan
7D
18.5%
1Y
258.3%
Narrative Update • Jun 18

AGX: AI Power Demand And Backlog Strength Will Meet Execution Risks

Argan's updated analyst fair value estimate has shifted from about $473 to roughly $680, as analysts point to a premium P/E assumption, a slightly lower discount rate, and modestly higher revenue growth expectations that are only partly offset by a lower projected profit margin. Analyst Commentary Recent Street research on Argan centers on higher fair value estimates and rating changes that reflect how analysts view the balance between the stock's execution, growth outlook, and current valuation.
VMI
US$570.31
Valmont Industries
7D
7.9%
1Y
77.8%
PWR
US$702.25
Quanta Services
7D
2.8%
1Y
94.8%
Narrative Update • Jun 16

PWR: AI Power Buildout And Backlog Strength Will Test Premium Execution

Analysts have raised their price target on Quanta Services to $800, citing expectations for a continued premium valuation and margin expansion as the company focuses on power generation, complex facilities, underground delivery modernization, and pipeline projects tied to electrification and AI related demand. Analyst Commentary Recent Street research on Quanta Services highlights a cluster of upward price target revisions and rating upgrades, with analysts focusing on the company’s positioning in power generation, complex facilities, underground delivery modernization, and pipeline projects tied to electrification and AI related demand.
DY
US$456.65
Dycom Industries
7D
-1.7%
1Y
96.1%
APG
US$42.54
APi Group
7D
-0.3%
1Y
30.4%
Narrative Update • Jun 14

APG: Safety Services Acquisitions And Higher Margins Will Support Future Upside

APi Group's analyst price target has been raised by incremental $1 to $2 moves across several firms, reflecting updated views on its projected growth, profitability, and price-to-earnings (P/E) assumptions. Analyst Commentary Bullish and cautious views around the latest price target moves on APi Group are fairly nuanced, and most of the Street research points in the same direction rather than splitting cleanly into opposing camps.
MYRG
US$461.10
MYR Group
7D
8.5%
1Y
174.5%
FIX
US$1,967.41
Comfort Systems USA
7D
6.7%
1Y
294.3%
EME
US$836.59
EMCOR Group
7D
3.1%
1Y
72.4%
Narrative Update • Jun 12

EME: High Tech And Data Center Projects Will Test Compounding Narrative

Analysts have raised EMCOR Group's price target by $215 to $1,100, citing the company’s position in high-tech manufacturing and data center projects, as well as its potential for long-term compounding supported by acquisitions. Analyst Commentary Recent research highlights EMCOR Group's role in high tech manufacturing and data center projects, with several firms setting a US$1,100 price target and framing the company as a potential long term compounder supported by acquisition opportunities.
BBCP
US$10.91
Concrete Pumping Holdings
7D
-2.1%
1Y
82.4%
MTZ
US$379.66
MasTec
7D
5.9%
1Y
130.6%
Narrative Update • Jun 11

MTZ: Data Center And Infrastructure Backlog Will Support Future Margin Expansion

MasTec's analyst price targets have moved up by a few dollars to align more closely with a $480 to $500 range, as analysts factor in the company's detailed 2028 revenue, EBITDA and EPS goals, along with increased free cash flow and borrowing capacity highlighted at recent investor events. Analyst Commentary Recent Street research points to a cluster of higher price targets and supportive ratings for MasTec, centered in the upper end of the current US$480 to US$500 range.
BWMN
US$30.45
Bowman Consulting Group
7D
-0.6%
1Y
13.8%
Narrative Update • Jun 04

BWMN: Future Revenue Upside Will Be Driven By Steady Contract Demand

Analysts have adjusted their price targets on Bowman Consulting Group, with one firm lifting its view by $8 and another resetting its target to $37, reflecting updated models around revenue expectations and steady demand. Analyst Commentary Recent research coverage on Bowman Consulting Group has centered on updated models following results, with price targets adjusted in both directions as analysts refresh their views on revenue and demand trends.
SLND
US$0.84
Southland Holdings
7D
-21.3%
1Y
-78.8%
Narrative Update • Jun 04

SLND: Revised Profitability Outlook Will Support Future Upside Potential

Analysts have reduced their price target on Southland Holdings by $5 to reflect updated views on revenue growth, profit margins, and a lower assumed future P/E ratio. What's in the News No recent news items, periodical coverage, or key developments were provided for Southland Holdings, so the latest drivers behind the revised price target are not detailed in available sources.
ECG
US$157.71
Everus Construction Group
7D
9.8%
1Y
163.8%
JFB
US$4.50
JFB Construction Holdings
7D
-14.6%
1Y
75.4%
RITR
US$0.52
Reitar Logtech Holdings
7D
-22.4%
1Y
-90.1%