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U.S. Construction Industry Analysis

UpdatedApr 29, 2026
DataAggregated Company Financials
Companies66
  • 7D2.4%
  • 3M26.4%
  • 1Y124.1%
  • YTD39.2%

The Construction industry is up 2.4% in the last week, with Quanta Services up 4.1%. In the last 12 months, the industry was up 124%. As for the next few years, earnings are expected to grow by 22% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 29 Apr 2026US$402.2bUS$173.6bUS$6.9b43.1x58.4x2.3x
Fri, 27 Mar 2026US$346.5bUS$174.1bUS$6.7b33.3x52x2x
Sun, 22 Feb 2026US$356.7bUS$170.3bUS$6.7b34.8x52.9x2.1x
Tue, 20 Jan 2026US$302.0bUS$165.7bUS$10.0b36.1x30.2x1.8x
Thu, 18 Dec 2025US$275.6bUS$165.7bUS$10.0b31.7x27.5x1.7x
Sat, 15 Nov 2025US$264.9bUS$164.5bUS$9.9b33.1x26.8x1.6x
Mon, 13 Oct 2025US$261.3bUS$160.0bUS$9.9b35.6x26.3x1.6x
Wed, 10 Sep 2025US$238.4bUS$157.7bUS$10.0b34.7x23.8x1.5x
Fri, 08 Aug 2025US$236.7bUS$157.0bUS$9.9b34.5x24x1.5x
Sun, 06 Jul 2025US$224.8bUS$153.2bUS$7.2b32.6x31.4x1.5x
Tue, 03 Jun 2025US$199.8bUS$153.2bUS$7.2b31.2x27.9x1.3x
Thu, 01 May 2025US$168.5bUS$149.9bUS$6.9b22.9x24.6x1.1x
Sat, 29 Mar 2025US$155.3bUS$149.6bUS$6.8b22.7x22.9x1x
Mon, 24 Feb 2025US$167.5bUS$148.5bUS$6.1b27.4x27.3x1.1x
Wed, 22 Jan 2025US$202.5bUS$146.2bUS$3.9b37.4x51.6x1.4x
Fri, 20 Dec 2024US$188.4bUS$146.2bUS$3.9b29.1x48x1.3x
Sun, 17 Nov 2024US$193.5bUS$145.5bUS$3.8b34.3x51.5x1.3x
Tue, 15 Oct 2024US$184.6bUS$144.7bUS$4.0b34.6x46.4x1.3x
Thu, 12 Sep 2024US$160.6bUS$144.8bUS$4.0b27.8x40.4x1.1x
Sat, 10 Aug 2024US$157.9bUS$145.0bUS$4.0b24.4x39.8x1.1x
Mon, 08 Jul 2024US$153.3bUS$141.8bUS$3.4b24.5x44.5x1.1x
Wed, 05 Jun 2024US$161.4bUS$141.8bUS$3.4b24x46.9x1.1x
Fri, 03 May 2024US$150.2bUS$140.8bUS$3.5b24.8x42.4x1.1x
Sun, 31 Mar 2024US$153.7bUS$136.2bUS$3.5b25.8x44.4x1.1x
Tue, 27 Feb 2024US$135.6bUS$134.8bUS$3.6b26.4x37.7x1x
Thu, 25 Jan 2024US$120.1bUS$135.2bUS$3.6b23.1x33.6x0.9x
Sat, 23 Dec 2023US$126.8bUS$135.1bUS$3.6b25.4x35.5x0.9x
Mon, 20 Nov 2023US$113.0bUS$134.9bUS$3.5b22.3x32.2x0.8x
Wed, 18 Oct 2023US$112.2bUS$130.5bUS$3.4b20.5x33.4x0.9x
Fri, 15 Sep 2023US$117.6bUS$130.5bUS$3.4b21.1x35.1x0.9x
Sun, 13 Aug 2023US$121.1bUS$130.7bUS$3.4b21.5x36.1x0.9x
Tue, 11 Jul 2023US$119.8bUS$126.6bUS$3.2b20.1x37.1x0.9x
Thu, 08 Jun 2023US$112.9bUS$126.6bUS$3.2b19.7x34.9x0.9x
Sat, 06 May 2023US$108.2bUS$125.5bUS$3.1b22.6x35x0.9x
Price to Earnings Ratio

35x


Total Market Cap: US$108.2bTotal Earnings: US$3.1bTotal Revenue: US$125.5bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Construction Industry Price to Earnings3Y Average 36.9x202420252026
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 58.4x which is higher than its 3-year average PE of 36.9x.
  • 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 31% per year over the last three years.
  • Revenues for these companies have grown 11% 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-0.028%
Industrials-0.53%
Construction2.44%
Construction and Engineering2.44%
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$630.944.1%
+US$3.8b		115.8%PE92.1x
FIX Comfort Systems USAUS$1.72k2.7%
+US$1.6b		332.5%PE49.4x
EME EMCOR GroupUS$863.783.1%
+US$1.1b		109.1%PE30.2x
VMI Valmont IndustriesUS$497.368.4%
+US$754.3m		68.3%PE27.3x
IESC IES HoldingsUS$601.006.5%
+US$733.5m		202.3%PE35.3x

Latest News

VMI
US$497.36
Valmont Industries
7D
8.4%
1Y
68.3%
FLR
US$50.53
Fluor
7D
7.2%
1Y
44.1%

Fluor Corporation Positioned For Robust Growth In 2026

Apr 29
IESC
US$601.00
IES Holdings
7D
6.5%
1Y
202.3%

At US$601, Is IES Holdings, Inc. (NASDAQ:IESC) Worth Looking At Closely?

Apr 29
At US$601, Is IES Holdings, Inc. (NASDAQ:IESC) Worth Looking At Closely?
MYRG
US$330.97
MYR Group
7D
-1.0%
1Y
163.4%
CDNL
US$48.93
Cardinal Infrastructure Group
7D
-2.5%
1Y
n/a
ACM
US$81.06
AECOM
7D
-4.6%
1Y
-17.4%

After Two Detrimental Earnings Events, Could AECOM Be Third Time Lucky?

Apr 28
STRL
US$471.85
Sterling Infrastructure
7D
-3.3%
1Y
215.8%

STRL: Data Center Backlog And Short Seller Clash Will Shape 2026 Path

Analysts have lifted the consolidated price target for Sterling Infrastructure to about $510, citing higher assumed revenue growth, a slightly richer future P/E near 39x, and continued confidence in long term demand visibility and mission critical project backlogs highlighted in recent research. Analyst Commentary Bullish Takeaways Bullish analysts are emphasizing CEO and CFO commentary that quarterly book-to-bill ratios and short-term margin swings can understate what they see as durable mission-critical demand, which they argue supports the use of a richer forward P/E.
MTZ
US$375.09
MasTec
7D
1.0%
1Y
194.4%

MTZ: Elevated Multiples And Backlog Execution Will Drive Future Downside Risk

MasTec's analyst price target has been raised from about $178 to roughly $266. Analysts are factoring in higher modeled revenue growth, a lower discount rate, and a richer future P/E multiple supported by recent research highlighting cross segment growth, margin progress, and a growing backlog tied to data centers, renewables, power delivery, and pipeline projects.
FIX
US$1,719.21
Comfort Systems USA
7D
2.7%
1Y
332.5%
DY
US$403.45
Dycom Industries
7D
-0.3%
1Y
140.5%

DY: New Training Campus And Buybacks Will Support Future Cash Generation

Analysts have maintained their fair value estimate for Dycom Industries at about $468 per share, making only minor adjustments to inputs such as the discount rate, revenue growth, profit margin and future P/E. These changes reflect a small refinement rather than a major reset in their price target rationale.
ECG
US$136.63
Everus Construction Group
7D
5.8%
1Y
236.2%

Everus Construction Group: Skilled Labor Shortage Will Drive This Market Leader Higher

Apr 25
LMB
US$93.98
Limbach Holdings
7D
-1.6%
1Y
-1.8%
EME
US$863.78
EMCOR Group
7D
3.1%
1Y
109.1%
ROAD
US$117.08
Construction Partners
7D
-5.0%
1Y
44.2%

ROAD: Q1 Execution And Buybacks Will Support Future Compounding Earnings Power

Narrative Update on Construction Partners The analyst price target for Construction Partners has shifted to $142.00. Analysts are pointing to recent target hikes from firms and supportive commentary around the company's fiscal Q1 performance as reasons for refining their assumptions on discount rate, revenue growth, profit margin, and future P/E.
PWR
US$630.94
Quanta Services
7D
4.1%
1Y
115.8%

PWR: Power Supercycle And Backlog Visibility Will Shape Balanced Outlook

Analysts have lifted the Quanta Services fair value estimate from $479.09 to $593.30. This reflects updated assumptions for slightly faster revenue growth, modestly higher profit margins, and a higher future P/E multiple following a series of upward price target revisions tied to recent Q4 results and multi year growth opportunities in power infrastructure and related acquisitions.
PHOE
US$15.55
Phoenix Asia Holdings
7D
-9.9%
1Y
434.4%