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U.S. Construction Industry Analysis

UpdatedJun 15, 2026
DataAggregated Company Financials
Companies66
  • 7D0.5%
  • 3M24.7%
  • 1Y93.1%
  • YTD49.0%

In the last week, the Construction industry is flat overall, with Primoris Services standing out by going down 20%. As for the the longer term, the industry is up 93% over the past 12 months. As for the next few years, earnings are expected to grow by 24% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 15 Jun 2026US$422.2bUS$180.4bUS$7.7b47.4x55x2.3x
Wed, 13 May 2026US$455.2bUS$178.7bUS$7.6b47.6x59.7x2.5x
Fri, 10 Apr 2026US$358.0bUS$172.5bUS$6.7b37.2x53.7x2.1x
Sun, 08 Mar 2026US$325.6bUS$173.7bUS$6.7b32.4x48.9x1.9x
Tue, 03 Feb 2026US$303.3bUS$165.9bUS$10.0b35.8x30.2x1.8x
Thu, 01 Jan 2026US$270.8bUS$165.7bUS$10.0b30.3x27.1x1.6x
Sat, 29 Nov 2025US$280.1bUS$165.4bUS$10.0b34.2x28.1x1.7x
Mon, 27 Oct 2025US$284.5bUS$160.7bUS$10.1b35.3x28.2x1.8x
Wed, 24 Sep 2025US$263.3bUS$160.0bUS$9.9b36.7x26.6x1.6x
Fri, 22 Aug 2025US$234.6bUS$157.7bUS$10.0b31.6x23.5x1.5x
Sun, 20 Jul 2025US$230.5bUS$153.2bUS$7.2b33.3x32.2x1.5x
Tue, 17 Jun 2025US$206.6bUS$153.2bUS$7.2b29.8x28.8x1.3x
Thu, 15 May 2025US$197.8bUS$153.1bUS$7.2b30x27.6x1.3x
Sat, 12 Apr 2025US$153.8bUS$149.6bUS$6.8b23.5x22.7x1x
Mon, 10 Mar 2025US$153.2bUS$149.6bUS$6.8b23.1x22.7x1x
Wed, 05 Feb 2025US$184.5bUS$146.4bUS$4.0b31.8x45.6x1.3x
Fri, 03 Jan 2025US$186.1bUS$146.2bUS$3.9b30.1x47.4x1.3x
Sun, 01 Dec 2024US$207.4bUS$146.1bUS$3.9b35.5x53.1x1.4x
Tue, 29 Oct 2024US$181.9bUS$145.2bUS$4.2b32.6x43.8x1.3x
Thu, 26 Sep 2024US$178.2bUS$144.8bUS$4.0b31.7x44.8x1.2x
Sat, 24 Aug 2024US$162.1bUS$144.7bUS$4.0b27.7x40.7x1.1x
Mon, 22 Jul 2024US$159.9bUS$141.8bUS$3.4b26.5x46.4x1.1x
Wed, 19 Jun 2024US$162.9bUS$141.8bUS$3.4b25.2x47.3x1.1x
Fri, 17 May 2024US$162.3bUS$141.8bUS$3.4b24.9x47.1x1.1x
Sun, 14 Apr 2024US$151.0bUS$136.3bUS$3.5b24.5x43.7x1.1x
Tue, 12 Mar 2024US$143.4bUS$136.2bUS$3.5b25.6x41.3x1.1x
Thu, 08 Feb 2024US$125.5bUS$135.6bUS$3.6b24.6x34.5x0.9x
Sat, 06 Jan 2024US$120.4bUS$135.1bUS$3.6b24.1x33.7x0.9x
Mon, 04 Dec 2023US$117.8bUS$135.1bUS$3.5b22.9x33.3x0.9x
Wed, 01 Nov 2023US$105.3bUS$131.3bUS$3.3b20.6x31.6x0.8x
Fri, 29 Sep 2023US$114.7bUS$130.5bUS$3.4b20.7x34.2x0.9x
Sun, 27 Aug 2023US$120.4bUS$130.4bUS$3.4b21.4x35.9x0.9x
Tue, 25 Jul 2023US$122.4bUS$126.7bUS$3.2b21x38.5x1x
Thu, 22 Jun 2023US$117.3bUS$126.6bUS$3.2b20.1x36.3x0.9x
Price to Earnings Ratio

36.3x


Total Market Cap: US$117.3bTotal Earnings: US$3.2bTotal Revenue: US$126.6bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Construction Industry Price to Earnings3Y Average 37.8x202420252026
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 55.0x which is higher than its 3-year average PE of 37.8x.
  • The 3-year average PS ratio of 1.3x is lower than the industry's current PS ratio of 2.3x.
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 Market0.50%
Industrials1.35%
Construction0.45%
Construction and Engineering0.45%
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$707.742.0%
+US$2.1b		95.6%PE96.1x
FIX Comfort Systems USAUS$1.88k1.4%
+US$899.0m		274.8%PE53.9x
ROAD Construction PartnersUS$113.877.1%
+US$424.0m		8.3%PE50.7x
DY Dycom IndustriesUS$469.002.2%
+US$304.5m		101.2%PE45.2x
AGX ArganUS$641.683.5%
+US$304.2m		193.6%PE55.8x

Latest News

DY
US$469.00
Dycom Industries
7D
2.2%
1Y
101.2%
MWH
US$31.75
SOLV Energy
7D
-4.3%
1Y
n/a
IESC
US$749.83
IES Holdings
7D
2.0%
1Y
177.2%
AGX
US$641.68
Argan
7D
3.5%
1Y
193.6%
ACM
US$70.12
AECOM
7D
-1.0%
1Y
-38.0%
PRIM
US$98.65
Primoris Services
7D
-19.7%
1Y
30.1%
FIX
US$1,877.61
Comfort Systems USA
7D
1.4%
1Y
274.8%
EME
US$823.05
EMCOR Group
7D
-0.09%
1Y
69.4%
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.
STRL
US$858.99
Sterling Infrastructure
7D
-3.7%
1Y
309.9%
PWR
US$707.74
Quanta Services
7D
2.0%
1Y
95.6%
ACA
US$129.51
Arcosa
7D
4.8%
1Y
51.4%
ROAD
US$113.87
Construction Partners
7D
7.1%
1Y
8.3%
Narrative Update • Jun 05

ROAD: Highway Funding And Earnings Guidance Will Support Further Upside

Analysts have raised their fair value estimate for Construction Partners stock from $139 to $150, reflecting updated assumptions around slightly higher profit margins, a lower future P/E multiple, and recent Street research that highlights solid organic growth but a more balanced near-term risk-reward after the stock's strong run. Analyst Commentary Street research around Construction Partners is fairly balanced, with bullish analysts pointing to solid organic growth and highway funding support, while more cautious voices focus on valuation and input cost risks after a strong share price move.
WSC
US$28.13
WillScot Holdings
7D
4.5%
1Y
6.3%
Narrative Update • Jun 05

WSC: Raised Outlook And Ongoing Buybacks Will Shape Future Returns

Analysts lifted their average price target for WillScot stock by $2 to $24, citing modest improvements in modeled revenue growth, profit margins, and the stock's future P/E assumptions. Analyst Commentary Recent research points to a mixed backdrop for WillScot Holdings, with several firms adjusting price targets and refining views on the stock's risk and reward profile.
ECG
US$148.83
Everus Construction Group
7D
-2.6%
1Y
149.0%
LMB
US$79.09
Limbach Holdings
7D
-3.9%
1Y
-44.0%
Narrative Update • Jun 01

LMB: Owner Direct Relationships Will Drive Multi Year Upside Through 2026

Analysts have adjusted their average price target for Limbach slightly lower, citing mixed Street research. One firm reduced its target by $10, while another raised its target to $107 after strong Q4 margins and expectations for steady Owner Direct Relationships growth and improving project trends into 2026.
JLHL
US$24.00
Julong Holding
7D
-44.3%
1Y
n/a