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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 means that the industry has gained 121% over the past year. Earnings are forecast to grow by 23% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 15 May 2026US$451.9bUS$179.6bUS$7.6b51.9x59.2x2.5x
Sun, 12 Apr 2026US$367.3bUS$172.5bUS$6.7b41.8x55.1x2.1x
Tue, 10 Mar 2026US$325.6bUS$173.7bUS$6.7b33.2x48.9x1.9x
Thu, 05 Feb 2026US$312.7bUS$165.9bUS$10.0b36.4x31.2x1.9x
Sat, 03 Jan 2026US$267.4bUS$165.7bUS$10.0b30.5x26.7x1.6x
Mon, 01 Dec 2025US$280.8bUS$165.4bUS$10.0b34.2x28.2x1.7x
Wed, 29 Oct 2025US$283.4bUS$160.7bUS$10.1b34.7x28.1x1.8x
Fri, 26 Sep 2025US$258.2bUS$160.0bUS$9.9b33.8x26x1.6x
Sun, 24 Aug 2025US$239.1bUS$157.7bUS$10.0b32.4x23.9x1.5x
Tue, 22 Jul 2025US$230.5bUS$153.2bUS$7.2b33.4x32.2x1.5x
Thu, 19 Jun 2025US$208.3bUS$153.2bUS$7.2b29.5x29.1x1.4x
Sat, 17 May 2025US$196.7bUS$153.1bUS$7.2b30.1x27.4x1.3x
Mon, 14 Apr 2025US$156.9bUS$149.6bUS$6.8b23.5x23.1x1x
Wed, 12 Mar 2025US$148.5bUS$149.6bUS$6.8b22.6x22x1x
Fri, 07 Feb 2025US$186.5bUS$146.4bUS$4.0b35x46.1x1.3x
Sun, 05 Jan 2025US$193.4bUS$146.2bUS$3.9b30.6x49.2x1.3x
Tue, 03 Dec 2024US$207.4bUS$146.1bUS$3.9b36.7x53.1x1.4x
Thu, 31 Oct 2024US$188.3bUS$145.2bUS$4.2b32.8x45.3x1.3x
Sat, 28 Sep 2024US$177.8bUS$144.8bUS$4.0b31.4x44.7x1.2x
Mon, 26 Aug 2024US$166.3bUS$144.7bUS$4.0b27.7x41.8x1.1x
Wed, 24 Jul 2024US$164.7bUS$141.8bUS$3.4b27.5x47.8x1.2x
Fri, 21 Jun 2024US$164.6bUS$141.8bUS$3.4b24.8x47.8x1.2x
Sun, 19 May 2024US$159.1bUS$141.8bUS$3.4b25x46.1x1.1x
Tue, 16 Apr 2024US$149.0bUS$136.3bUS$3.5b24.3x43.1x1.1x
Thu, 14 Mar 2024US$144.7bUS$136.3bUS$3.5b25.2x41.8x1.1x
Sat, 10 Feb 2024US$129.6bUS$132.8bUS$3.6b25.6x35.8x1x
Mon, 08 Jan 2024US$120.6bUS$135.1bUS$3.6b24.1x33.8x0.9x
Wed, 06 Dec 2023US$117.9bUS$135.1bUS$3.5b22.7x33.3x0.9x
Fri, 03 Nov 2023US$103.6bUS$134.0bUS$3.5b20.2x29.7x0.8x
Sun, 01 Oct 2023US$113.5bUS$130.5bUS$3.4b20.5x33.8x0.9x
Tue, 29 Aug 2023US$120.4bUS$130.4bUS$3.4b21.4x35.9x0.9x
Thu, 27 Jul 2023US$122.0bUS$126.7bUS$3.2b21.1x38.4x1x
Sat, 24 Jun 2023US$114.6bUS$126.6bUS$3.2b19.3x35.5x0.9x
Mon, 22 May 2023US$109.3bUS$126.4bUS$3.2b20x34.1x0.9x
Price to Earnings Ratio

34.1x


Total Market Cap: US$109.3bTotal Earnings: US$3.2bTotal Revenue: US$126.4bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Construction Industry Price to Earnings3Y Average 37.2x202420252026
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$780.083.9%
+US$4.4b		129.2%PE106x
FIX Comfort Systems USAUS$2.04k5.2%
+US$3.5b		340.8%PE58.7x
STRL Sterling InfrastructureUS$889.039.6%
+US$2.4b		381.1%PE78.7x
MTZ MasTecUS$434.775.5%
+US$1.8b		179.4%PE75.4x
DY Dycom IndustriesUS$450.985.8%
+US$739.1m		134.8%PE48.1x

Latest News

LGN
US$89.00
Legence
7D
-8.7%
1Y
n/a
FIX
US$2,042.36
Comfort Systems USA
7D
5.2%
1Y
340.8%
STRL
US$889.03
Sterling Infrastructure
7D
9.6%
1Y
381.1%
Narrative Update • May 14

STRL: Data Center Backlog Versus Short Seller Claims Will Shape 2026 Outlook

Narrative Update on Sterling Infrastructure The updated analyst fair value estimate for Sterling Infrastructure has moved from about $510 to about $841. Analysts attribute this change to research indicating stronger profitability and a lower future P/E assumption, even though they are using slightly more conservative revenue growth estimates and a modestly higher discount rate.
AGX
US$740.91
Argan
7D
7.4%
1Y
304.2%
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.
APG
US$44.14
APi Group
7D
-1.1%
1Y
44.6%
ACM
US$71.00
AECOM
7D
-12.9%
1Y
-34.4%
FLR
US$45.49
Fluor
7D
-10.9%
1Y
18.1%
Seeking Alpha • May 13

Fluor: Too Many Headwinds Are Emerging (Rating Downgrade)

Summary Fluor Corporation faces mounting headwinds after disappointing Q1 results, including an 8% revenue decline and weak adjusted EPS driven by legal and project cost overruns. AI data center construction and onshoring tailwinds are offset by economic slowdown risks, political uncertainty, and local pushback, complicating the near-term outlook. FLR's $1.4 billion share buyback, funded by the NuScale divestment, is viewed neutrally but signals limited reinvestment opportunities amid a challenging environment. With a 50% drop in new project awards and a complicated macro backdrop, I downgrade FLR to Hold. I will watch for concrete signs of economic and project momentum. Read the full article on Seeking Alpha
MTZ
US$434.77
MasTec
7D
5.5%
1Y
179.4%
Narrative Update • May 13

MTZ: Elevated P/E Multiples And Backlog Dependence Will Pressure Future Returns

MasTec's analyst price target has been lifted to $325.05 from $265.67, as analysts broadly updated their models to reflect higher assumed P/E multiples, a revised fair value estimate, and recent research pointing to stronger backlog support, cross segment growth, and margin progress. Analyst Commentary The recent round of price target revisions on MasTec has come in clusters, with many firms updating their models around the same time.
PWR
US$780.08
Quanta Services
7D
3.9%
1Y
129.2%
ROAD
US$124.84
Construction Partners
7D
-5.0%
1Y
26.1%
CTRI
US$32.46
Centuri Holdings
7D
-3.4%
1Y
62.5%
PHOE
US$14.18
Phoenix Asia Holdings
7D
-25.6%
1Y
331.1%
DY
US$450.98
Dycom Industries
7D
5.8%
1Y
134.8%
IESC
US$697.21
IES Holdings
7D
4.7%
1Y
165.3%
MYRG
US$473.07
MYR Group
7D
10.7%
1Y
189.3%
BBCP
US$7.27
Concrete Pumping Holdings
7D
-9.6%
1Y
2.4%