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U.S. Construction Industry Analysis

UpdatedMar 09, 2026
DataAggregated Company Financials
Companies69
  • 7D-7.0%
  • 3M13.4%
  • 1Y105.0%
  • YTD14.5%

Over the last 7 days, the Construction industry has dropped 7.0%, driven by pullbacks in Comfort Systems USA and Quanta Services of 11% and 5.7%, respectively. In the past year, the industry has gained 105%. Earnings are forecast to grow by 24% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 09 Mar 2026US$325.6bUS$173.7bUS$6.7b32.4x48.9x1.9x
Wed, 04 Feb 2026US$306.5bUS$165.9bUS$10.0b36.9x30.5x1.8x
Fri, 02 Jan 2026US$267.3bUS$165.7bUS$10.0b30.3x26.7x1.6x
Sun, 30 Nov 2025US$280.8bUS$165.4bUS$10.0b34.2x28.2x1.7x
Tue, 28 Oct 2025US$284.5bUS$160.7bUS$10.1b35.1x28.2x1.8x
Thu, 25 Sep 2025US$259.8bUS$160.0bUS$9.9b35.9x26.2x1.6x
Sat, 23 Aug 2025US$236.7bUS$157.7bUS$10.0b32.4x23.7x1.5x
Mon, 21 Jul 2025US$230.5bUS$153.2bUS$7.2b33.3x32.2x1.5x
Wed, 18 Jun 2025US$209.5bUS$153.2bUS$7.2b29.3x29.3x1.4x
Fri, 16 May 2025US$197.6bUS$153.1bUS$7.2b28.8x27.5x1.3x
Sun, 13 Apr 2025US$156.9bUS$149.6bUS$6.8b23.5x23.1x1x
Tue, 11 Mar 2025US$153.2bUS$149.6bUS$6.8b21.9x22.7x1x
Thu, 06 Feb 2025US$184.4bUS$146.4bUS$4.0b32.6x45.6x1.3x
Sat, 04 Jan 2025US$187.2bUS$146.2bUS$3.9b30.6x47.6x1.3x
Mon, 02 Dec 2024US$207.4bUS$146.1bUS$3.9b35.5x53.1x1.4x
Wed, 30 Oct 2024US$187.7bUS$145.2bUS$4.2b32.7x45.2x1.3x
Fri, 27 Sep 2024US$177.4bUS$144.8bUS$4.0b31.8x44.6x1.2x
Sun, 25 Aug 2024US$166.3bUS$144.7bUS$4.0b27.7x41.8x1.1x
Tue, 23 Jul 2024US$159.9bUS$141.8bUS$3.4b27.1x46.4x1.1x
Thu, 20 Jun 2024US$164.6bUS$141.8bUS$3.4b25.2x47.8x1.2x
Sat, 18 May 2024US$158.7bUS$141.8bUS$3.4b25x46x1.1x
Mon, 15 Apr 2024US$149.0bUS$136.3bUS$3.5b24.5x43.1x1.1x
Wed, 13 Mar 2024US$143.4bUS$136.3bUS$3.5b25.4x41.4x1.1x
Fri, 09 Feb 2024US$127.1bUS$132.8bUS$3.6b25.1x35.1x1x
Sun, 07 Jan 2024US$120.6bUS$135.1bUS$3.6b24.1x33.8x0.9x
Tue, 05 Dec 2023US$117.8bUS$135.1bUS$3.5b22.9x33.3x0.9x
Thu, 02 Nov 2023US$105.7bUS$132.8bUS$3.3b20.8x32.2x0.8x
Sat, 30 Sep 2023US$114.7bUS$130.5bUS$3.4b20.5x34.2x0.9x
Mon, 28 Aug 2023US$120.4bUS$130.4bUS$3.4b21.4x35.9x0.9x
Wed, 26 Jul 2023US$122.7bUS$126.7bUS$3.2b20.9x38.6x1x
Fri, 23 Jun 2023US$117.3bUS$126.6bUS$3.2b19.8x36.3x0.9x
Sun, 21 May 2023US$109.3bUS$126.4bUS$3.2b20x34.1x0.9x
Tue, 18 Apr 2023US$106.6bUS$122.7bUS$3.2b22.1x32.9x0.9x
Thu, 16 Mar 2023US$104.8bUS$123.0bUS$3.3b22.7x31.4x0.9x
Price to Earnings Ratio

31.4x


Total Market Cap: US$104.8bTotal Earnings: US$3.3bTotal Revenue: US$123.0bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Construction Industry Price to Earnings3Y Average 35.9x202420252026
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 48.9x which is higher than its 3-year average PE of 35.9x.
  • The 3-year average PS ratio of 1.2x is lower than the industry's current PS ratio of 1.9x.
Past Earnings Growth
  • The earnings for companies in the Construction industry have grown 26% 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-2.17%
Industrials-4.55%
Construction-7.02%
Construction and Engineering-7.02%
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
ACA ArcosaUS$109.490.8%
+US$42.7m		39.4%PE25.8x
MGN Megan HoldingsUS$2.9822.6%
+US$20.4m		n/aPE110.9x
HUHU HUHUTECH International GroupUS$7.296.3%
+US$10.4m		74.4%PS9.2x
JLHL Julong HoldingUS$5.732.5%
+US$3.0m		n/aPE32.4x
ONEG OneConstruction GroupUS$1.8410.8%
+US$2.9m		-18.2%PS0.6x

Latest News

MTZ
US$285.61
MasTec
7D
-6.2%
1Y
162.8%
FIX
US$1,279.06
Comfort Systems USA
7D
-11.1%
1Y
308.3%

FIX: Texas Data Center Exposure And Modular Strength Will Support Future P/E Repricing

Analysts have raised their price target on Comfort Systems USA to $1,800 from $1,200, citing the company's exposure to Texas data center construction, its modular capabilities, and support from recent earnings as key drivers behind the reassessment. Analyst Commentary Bullish analysts are clustering around higher valuation ranges for Comfort Systems USA, pointing to recent earnings, data center exposure in Texas, and the company’s modular capabilities as the core reasons for revisiting their models.
DY
US$357.07
Dycom Industries
7D
-14.7%
1Y
161.1%
EME
US$705.79
EMCOR Group
7D
-4.1%
1Y
95.4%
ACA
US$109.49
Arcosa
7D
0.8%
1Y
39.4%

ACA: Updated 2026 Outlook Will Support Constructive View On Earnings Power

Analysts nudged their price target on Arcosa to around $128 per share from roughly $127, reflecting updated assumptions for fair value, discount rate, revenue growth, profit margin, and future P/E. What's in the News Arcosa issued full year 2026 earnings guidance with expected consolidated revenues in a range of $2.95b to $3.10b.
OLOX
US$1.23
Olenox Industries
7D
28.1%
1Y
-96.1%
PWR
US$540.19
Quanta Services
7D
-5.7%
1Y
128.2%

PWR: Power Supercycle And Record Backlog Will Drive Future Infrastructure Wins

Our updated fair value estimate for Quanta Services rises from $548 to $685, reflecting analysts' higher price targets following strong Q4 results, record backlog, and expectations for sustained earnings growth across key power infrastructure markets. Analyst Commentary Recent research updates show a wave of higher valuation work on Quanta Services following Q4 results, with several bullish analysts lifting price targets and, in some cases, ratings, as they factor in the latest guidance, record backlog, and earnings trajectory.
GLDD
US$16.94
Great Lakes Dredge & Dock
7D
0.2%
1Y
120.9%
PHOE
US$16.30
Phoenix Asia Holdings
7D
0.03%
1Y
n/a
MGN
US$2.98
Megan Holdings
7D
22.6%
1Y
n/a
STRL
US$395.11
Sterling Infrastructure
7D
-8.7%
1Y
255.7%
APG
US$41.87
APi Group
7D
-6.1%
1Y
74.7%

APG: Recurring Facility Services And Data Center Exposure Will Shape Future Upside

Analysts have lifted their average price target on APi Group to $51.36 from $44.90, reflecting updated models after recent Q4 results, conservative guidance, and growing focus on recurring facility services exposure and data center related opportunities. Analyst Commentary Recent research highlights a cluster of upward price target revisions on APi Group, with analysts updating their models after Q4 results and company guidance.
HUHU
US$7.29
HUHUTECH International Group
7D
6.3%
1Y
74.4%

HUHUTECH International Group Inc.'s (NASDAQ:HUHU) Share Price Is Still Matching Investor Opinion Despite 25% Slump

Feb 13
HUHUTECH International Group Inc.'s (NASDAQ:HUHU) Share Price Is Still Matching Investor Opinion Despite 25% Slump
IESC
US$430.65
IES Holdings
7D
-14.3%
1Y
165.4%

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
JLHL
US$5.73
Julong Holding
7D
2.5%
1Y
n/a
ONEG
US$1.84
OneConstruction Group
7D
10.8%
1Y
-18.2%