Investing IdeasBrowse All StocksMarkets
Have your own idea? Try our Stock Screener
Header cover image

U.S. Construction Industry Analysis

UpdatedMay 31, 2026
DataAggregated Company Financials
Companies66
  • 7D1.4%
  • 3M20.2%
  • 1Y102.1%
  • YTD49.0%

Over the last 7 days, the Construction industry has risen 1.4%, driven by gains from Sterling Infrastructure of 17%. This takes the industry's 12 month performance to a gain of 102%. 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
Sun, 31 May 2026US$422.2bUS$180.3bUS$7.7b49.2x55.1x2.3x
Tue, 28 Apr 2026US$395.4bUS$173.6bUS$6.9b44x57.4x2.3x
Thu, 26 Mar 2026US$346.6bUS$174.1bUS$6.7b37.4x52x2x
Sat, 21 Feb 2026US$348.6bUS$170.3bUS$6.7b34.8x51.7x2x
Mon, 19 Jan 2026US$302.0bUS$165.7bUS$10.0b36.1x30.2x1.8x
Wed, 17 Dec 2025US$276.5bUS$165.7bUS$10.0b32.4x27.6x1.7x
Fri, 14 Nov 2025US$278.7bUS$164.5bUS$9.9b32.7x28.2x1.7x
Sun, 12 Oct 2025US$261.4bUS$160.0bUS$9.9b35.6x26.4x1.6x
Tue, 09 Sep 2025US$239.5bUS$157.7bUS$10.0b35.4x23.9x1.5x
Thu, 07 Aug 2025US$237.2bUS$156.7bUS$9.8b33.4x24.1x1.5x
Sat, 05 Jul 2025US$224.8bUS$153.2bUS$7.2b32.6x31.4x1.5x
Mon, 02 Jun 2025US$199.7bUS$153.2bUS$7.2b31.6x27.8x1.3x
Wed, 30 Apr 2025US$167.4bUS$149.9bUS$6.9b22.2x24.4x1.1x
Fri, 28 Mar 2025US$159.0bUS$149.6bUS$6.8b22.6x23.5x1.1x
Sun, 23 Feb 2025US$167.3bUS$148.5bUS$6.1b27.4x27.3x1.1x
Tue, 21 Jan 2025US$202.5bUS$146.2bUS$3.9b36.4x51.6x1.4x
Thu, 19 Dec 2024US$197.2bUS$146.2bUS$3.9b28.4x50.2x1.3x
Sat, 16 Nov 2024US$194.3bUS$145.5bUS$3.7b34.3x51.9x1.3x
Mon, 14 Oct 2024US$184.6bUS$144.7bUS$4.0b34.6x46.4x1.3x
Wed, 11 Sep 2024US$153.9bUS$144.8bUS$4.0b27.4x38.7x1.1x
Fri, 09 Aug 2024US$151.7bUS$145.1bUS$4.1b25.5x37.4x1x
Sun, 07 Jul 2024US$153.3bUS$141.8bUS$3.4b24.5x44.5x1.1x
Tue, 04 Jun 2024US$164.0bUS$141.8bUS$3.4b24.5x47.7x1.2x
Thu, 02 May 2024US$151.3bUS$140.4bUS$3.5b24.8x43.2x1.1x
Sat, 30 Mar 2024US$153.7bUS$136.2bUS$3.5b25.8x44.4x1.1x
Mon, 26 Feb 2024US$134.9bUS$134.8bUS$3.6b25.8x37.5x1x
Wed, 24 Jan 2024US$122.3bUS$135.2bUS$3.6b23.3x34.2x0.9x
Fri, 22 Dec 2023US$125.2bUS$135.1bUS$3.6b25.3x35x0.9x
Sun, 19 Nov 2023US$112.1bUS$134.9bUS$3.5b22.3x32x0.8x
Tue, 17 Oct 2023US$109.5bUS$130.5bUS$3.4b20.1x32.7x0.8x
Thu, 14 Sep 2023US$117.6bUS$130.5bUS$3.4b20.8x35.1x0.9x
Sat, 12 Aug 2023US$121.1bUS$130.7bUS$3.4b21.5x36.1x0.9x
Mon, 10 Jul 2023US$117.7bUS$126.6bUS$3.2b19.8x36.4x0.9x
Wed, 07 Jun 2023US$112.9bUS$126.6bUS$3.2b19.3x34.9x0.9x
Price to Earnings Ratio

34.9x


Total Market Cap: US$112.9bTotal Earnings: US$3.2bTotal Revenue: US$126.6bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Construction Industry Price to Earnings3Y Average 37.6x202420252026
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 55.1x which is higher than its 3-year average PE of 37.6x.
  • 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 Market1.58%
Industrials1.37%
Construction1.41%
Construction and Engineering1.41%
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
STRL Sterling InfrastructureUS$860.8417.5%
+US$3.9b		357.9%PE76.2x
DY Dycom IndustriesUS$510.0024.0%
+US$3.0b		121.8%PE49.2x
PRIM Primoris ServicesUS$125.787.0%
+US$446.5m		74.4%PE27.5x
IESC IES HoldingsUS$678.352.8%
+US$372.6m		161.2%PE35.8x
GVA Granite ConstructionUS$136.845.3%
+US$301.4m		53.0%PE32.4x

Latest News

PWR
US$711.73
Quanta Services
7D
-1.6%
1Y
107.8%
Seeking Alpha • 9h

Quanta Services: A Competitive Edge Through Labor

Summary Quanta Services possesses a labor moat, enabling it to execute large infrastructure projects and maintain industry-leading margins. PWR’s internal training programs and strategic union relationships mitigate skilled labor shortages, supporting superior gross and EBITDA margins versus peers. Despite robust fundamentals and a competitive edge, PWR trades at a premium; my one-year target price of $761.35 implies a Hold rating. Key risks include industry cyclicality, rising project costs, and potential declines in data center demand, which could pressure future fundamentals. Read the full article on Seeking Alpha
TPC
US$71.49
Tutor Perini
7D
-1.7%
1Y
93.8%
APG
US$41.00
APi Group
7D
-1.5%
1Y
31.8%
Narrative Update • May 30

APG: Recurring Services And Higher Margins Will Support Measured Future Upside

APi Group’s analyst price target moves from $52 to $53.20, with analysts pointing to updated assumptions around profit margins, discount rates, and future P/E multiples as key drivers of the change. Analyst Commentary Recent Street research on APi Group points to a cluster of modest price target increases, with several bullish analysts adjusting their models by US$1 to US$2.
MWH
US$35.53
SOLV Energy
7D
-7.6%
1Y
n/a
PRIM
US$125.78
Primoris Services
7D
7.0%
1Y
74.4%
GVA
US$136.84
Granite Construction
7D
5.3%
1Y
53.0%
DY
US$510.00
Dycom Industries
7D
24.0%
1Y
121.8%
EME
US$826.82
EMCOR Group
7D
-2.6%
1Y
75.2%
Narrative Update • May 29

EME: High Tech Projects And Capital Returns Will Shape Future Earnings Resilience

The fair value estimate for EMCOR Group is updated from $770 to $885. Analysts point to higher Street price targets, supported by views of the company as a high-quality infrastructure services provider with exposure to high tech manufacturing projects, data center development and potential acquisition-driven growth.
AMRC
US$35.98
Ameresco
7D
13.3%
1Y
161.1%
MYRG
US$465.06
MYR Group
7D
4.1%
1Y
196.5%
MTZ
US$378.37
MasTec
7D
-1.0%
1Y
142.7%
Narrative Update • May 28

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

Analysts have lifted the fair value estimate for MasTec from $400 to $545, citing higher long term growth assumptions, supported by rising Street price targets, upbeat 2028 revenue and earnings goals shared at recent analyst and investor days, and increased backlog that they say provides visibility through at least 2027. Analyst Commentary Recent research updates show a cluster of bullish analysts lifting price targets on MasTec, often after meetings with management or detailed analyst and investor day presentations.
IESC
US$678.35
IES Holdings
7D
2.8%
1Y
161.2%
ACM
US$69.37
AECOM
7D
-3.7%
1Y
-36.9%
STRL
US$860.84
Sterling Infrastructure
7D
17.5%
1Y
357.9%
ACA
US$126.75
Arcosa
7D
5.0%
1Y
46.9%
PHOE
US$15.59
Phoenix Asia Holdings
7D
-8.3%
1Y
340.4%