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U.S. Construction Industry Analysis

UpdatedMay 15, 2026
DataAggregated Company Financials
Companies66
  • 7D3.0%
  • 3M34.0%
  • 1Y120.6%
  • YTD60.6%

Over the last 7 days, the Construction industry has risen 3.0%, driven by gains from Quanta Services of 3.9%. During this same period, the AECOM underperformed, falling 13%. This takes the industry's 12 month performance to a gain of 121%. As for the next few years, earnings are expected to grow by 23% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 16 May 2026US$451.9bUS$179.6bUS$7.6b51.9x59.2x2.5x
Mon, 13 Apr 2026US$367.2bUS$172.5bUS$6.7b37.7x55.1x2.1x
Wed, 11 Mar 2026US$338.3bUS$173.7bUS$6.7b34.2x50.8x1.9x
Fri, 06 Feb 2026US$299.6bUS$166.1bUS$10.1b35.5x29.8x1.8x
Sun, 04 Jan 2026US$278.1bUS$165.7bUS$10.0b30.5x27.8x1.7x
Tue, 02 Dec 2025US$280.8bUS$165.4bUS$10.0b33x28.2x1.7x
Thu, 30 Oct 2025US$283.4bUS$160.7bUS$10.1b35.4x28.1x1.8x
Sat, 27 Sep 2025US$256.1bUS$160.0bUS$9.9b34.5x25.8x1.6x
Mon, 25 Aug 2025US$239.1bUS$157.7bUS$10.0b32.4x23.9x1.5x
Wed, 23 Jul 2025US$227.8bUS$153.3bUS$7.1b33.6x32.3x1.5x
Fri, 20 Jun 2025US$208.8bUS$153.2bUS$7.2b29.5x29.2x1.4x
Sun, 18 May 2025US$198.9bUS$153.1bUS$7.2b30.1x27.7x1.3x
Tue, 15 Apr 2025US$156.8bUS$149.6bUS$6.8b23.5x23.1x1x
Thu, 13 Mar 2025US$152.8bUS$149.6bUS$6.8b23.6x22.5x1x
Sat, 08 Feb 2025US$193.2bUS$146.6bUS$4.0b34.9x47.9x1.3x
Mon, 06 Jan 2025US$193.4bUS$146.2bUS$3.9b30.6x49.2x1.3x
Wed, 04 Dec 2024US$205.9bUS$146.1bUS$3.9b38.3x52.7x1.4x
Fri, 01 Nov 2024US$185.0bUS$146.8bUS$4.1b33x44.8x1.3x
Sun, 29 Sep 2024US$177.6bUS$144.8bUS$4.0b31.4x44.7x1.2x
Tue, 27 Aug 2024US$166.0bUS$144.7bUS$4.0b27.7x41.7x1.1x
Thu, 25 Jul 2024US$165.6bUS$141.8bUS$3.4b26.5x48.1x1.2x
Sat, 22 Jun 2024US$162.7bUS$141.8bUS$3.4b24.4x47.3x1.1x
Mon, 20 May 2024US$159.1bUS$141.8bUS$3.4b25x46.1x1.1x
Wed, 17 Apr 2024US$146.8bUS$136.3bUS$3.5b24.2x42.5x1.1x
Fri, 15 Mar 2024US$144.5bUS$136.3bUS$3.5b24.3x41.7x1.1x
Sun, 11 Feb 2024US$129.6bUS$132.9bUS$3.6b25.6x35.8x1x
Tue, 09 Jan 2024US$120.6bUS$135.1bUS$3.6b24.2x33.8x0.9x
Thu, 07 Dec 2023US$116.8bUS$135.1bUS$3.5b22.4x33x0.9x
Sat, 04 Nov 2023US$106.8bUS$134.3bUS$3.6b21.1x29.3x0.8x
Mon, 02 Oct 2023US$113.5bUS$130.5bUS$3.4b20.5x33.8x0.9x
Wed, 30 Aug 2023US$122.7bUS$130.4bUS$3.4b21.9x36.6x0.9x
Fri, 28 Jul 2023US$122.3bUS$127.2bUS$3.3b19.7x37.5x1x
Sun, 25 Jun 2023US$114.6bUS$126.6bUS$3.2b19.3x35.5x0.9x
Tue, 23 May 2023US$109.6bUS$126.4bUS$3.2b20.1x34.2x0.9x
Price to Earnings Ratio

34.2x


Total Market Cap: US$109.6bTotal Earnings: US$3.2bTotal Revenue: US$126.4bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Construction Industry Price to Earnings3Y Average 37.3x202420252026
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 59.2x which is higher than its 3-year average PE of 37.2x.
  • The 3-year average PS ratio of 1.3x is lower than the industry's current PS ratio of 2.5x.
Past Earnings Growth
  • The earnings for companies in the Construction industry have grown 34% 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 Market1.15%
Industrials0.75%
Construction2.97%
Construction and Engineering2.97%
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$769.993.4%
+US$3.8b		123.3%PE104.6x
FIX Comfort Systems USAUS$1.99k2.1%
+US$1.4b		322.2%PE57.2x
AGX ArganUS$722.316.2%
+US$587.0m		283.2%PE73.2x
MYRG MYR GroupUS$467.736.8%
+US$465.1m		184.2%PE51.3x
PRIM Primoris ServicesUS$113.338.1%
+US$462.8m		50.1%PE24.8x

Latest News

MYRG
US$467.73
MYR Group
7D
6.8%
1Y
184.2%
DY
US$437.37
Dycom Industries
7D
2.1%
1Y
124.5%
LGN
US$84.27
Legence
7D
-15.6%
1Y
n/a
FIX
US$1,992.74
Comfort Systems USA
7D
2.1%
1Y
322.2%
EME
US$913.11
EMCOR Group
7D
-0.9%
1Y
94.1%
Narrative Update • May 14

EME: Data Center Demand And 2026 Margins Will Shape Fair Outlook

Analysts have lifted the implied fair value estimate for EMCOR Group by $96.5 to $983.5. This reflects a higher assumed future P/E multiple and recent price target increases from several firms after positive views on earnings compounding potential and strength in key U.S. segments. Analyst Commentary Recent research across several firms has been broadly supportive of EMCOR Group, with multiple price target hikes and new coverage pointing to confidence in earnings compounding potential and key U.S. business lines.
AGX
US$722.31
Argan
7D
6.2%
1Y
283.2%
Narrative Update • May 14

AGX: AI Power Demand Hype Will Likely Outrun Execution Risks

Argan's analyst price target has been lifted by $169 overall, as analysts point to recent upgrades, higher targets from multiple firms and expectations that growing AI and data center power demand could support the company's longer term earnings profile. Analyst Commentary Bullish Takeaways Bullish analysts are pointing to a series of higher price targets, including increases of $50 and $119, as a sign that the recent upgrades are being backed by higher valuation frameworks rather than small, incremental tweaks.
WSC
US$24.48
WillScot Holdings
7D
-12.9%
1Y
-18.2%
APG
US$43.25
APi Group
7D
-1.8%
1Y
41.3%
PRIM
US$113.33
Primoris Services
7D
8.1%
1Y
50.1%
ACM
US$71.31
AECOM
7D
-11.5%
1Y
-34.8%
AMRC
US$33.03
Ameresco
7D
10.2%
1Y
120.8%
Analysis Article • May 13

Ameresco's (NYSE:AMRC) Shareholders Have More To Worry About Than Only Soft Earnings

The market wasn't impressed with the soft earnings from Ameresco, Inc. ( NYSE:AMRC ) recently. We did some analysis...
PWR
US$769.99
Quanta Services
7D
3.4%
1Y
123.3%
ROAD
US$118.05
Construction Partners
7D
-16.0%
1Y
16.7%
ECG
US$156.72
Everus Construction Group
7D
-4.0%
1Y
163.5%
CTRI
US$31.29
Centuri Holdings
7D
-9.4%
1Y
60.1%
IESC
US$682.20
IES Holdings
7D
2.3%
1Y
152.3%