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U.S. Construction Industry Analysis

UpdatedJul 28, 2026
DataAggregated Company Financials
Companies65
  • 7D-0.8%
  • 3M-4.3%
  • 1Y49.4%
  • YTD33.0%

In the last week, Construction has been flat. As for the the longer term, the industry is up 49% over the past 12 months. As for the next few years, earnings are expected to grow by 25% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 28 Jul 2026US$382.0bUS$181.5bUS$8.0b35.6x47.5x2.1x
Thu, 25 Jun 2026US$430.6bUS$180.4bUS$7.6b46.7x56.6x2.4x
Sat, 23 May 2026US$414.6bUS$179.6bUS$7.6b49x54.4x2.3x
Mon, 20 Apr 2026US$377.5bUS$172.5bUS$6.7b39x56.7x2.2x
Wed, 18 Mar 2026US$338.6bUS$173.7bUS$6.7b32.9x50.8x1.9x
Fri, 13 Feb 2026US$344.6bUS$168.1bUS$10.1b37.7x34x2x
Sun, 11 Jan 2026US$278.5bUS$165.7bUS$10.0b33x27.8x1.7x
Tue, 09 Dec 2025US$280.6bUS$165.4bUS$10.0b34x28.1x1.7x
Thu, 06 Nov 2025US$274.7bUS$164.3bUS$10.4b34.5x26.5x1.7x
Sat, 04 Oct 2025US$266.4bUS$160.0bUS$9.9b35.9x26.9x1.7x
Mon, 01 Sep 2025US$240.4bUS$157.7bUS$10.0b34.5x24x1.5x
Wed, 30 Jul 2025US$243.1bUS$153.6bUS$7.1b34.2x34.1x1.6x
Fri, 27 Jun 2025US$214.2bUS$153.2bUS$7.2b31.4x29.9x1.4x
Sun, 25 May 2025US$195.7bUS$153.2bUS$7.2b28.2x27.3x1.3x
Tue, 22 Apr 2025US$156.1bUS$149.6bUS$6.8b20.7x23x1x
Thu, 20 Mar 2025US$160.7bUS$149.6bUS$6.8b25x23.7x1.1x
Sat, 15 Feb 2025US$179.1bUS$146.8bUS$4.0b29.6x44.3x1.2x
Mon, 13 Jan 2025US$188.0bUS$146.2bUS$3.9b33x47.9x1.3x
Wed, 11 Dec 2024US$198.1bUS$146.2bUS$3.9b31.8x50.4x1.4x
Fri, 08 Nov 2024US$196.3bUS$145.3bUS$3.9b33.6x50.1x1.4x
Sun, 06 Oct 2024US$180.4bUS$144.7bUS$4.0b32.7x45.4x1.2x
Tue, 03 Sep 2024US$167.7bUS$144.7bUS$4.0b28x42.2x1.2x
Thu, 01 Aug 2024US$164.8bUS$142.8bUS$3.6b27.1x45.6x1.2x
Sat, 29 Jun 2024US$159.5bUS$141.8bUS$3.4b25.1x46.3x1.1x
Mon, 27 May 2024US$166.4bUS$141.8bUS$3.4b26x48.3x1.2x
Wed, 24 Apr 2024US$149.2bUS$139.2bUS$3.3b24.6x45.2x1.1x
Fri, 22 Mar 2024US$147.8bUS$136.3bUS$3.5b25.7x42.7x1.1x
Sun, 18 Feb 2024US$130.7bUS$132.9bUS$3.7b26.3x35.5x1x
Tue, 16 Jan 2024US$122.3bUS$135.2bUS$3.6b23.1x34.2x0.9x
Thu, 14 Dec 2023US$121.3bUS$135.2bUS$3.6b24.6x34.1x0.9x
Sat, 11 Nov 2023US$105.2bUS$134.5bUS$3.6b19.8x29x0.8x
Mon, 09 Oct 2023US$110.5bUS$130.5bUS$3.4b20.3x33x0.8x
Wed, 06 Sep 2023US$121.5bUS$130.4bUS$3.4b21.5x36.2x0.9x
Fri, 04 Aug 2023US$122.5bUS$128.5bUS$3.6b19.2x33.9x1x
Price to Earnings Ratio

33.9x


Total Market Cap: US$122.5bTotal Earnings: US$3.6bTotal Revenue: US$128.5bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Construction Industry Price to Earnings3Y Average 38.5x202420252026
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 47.5x which is higher than its 3-year average PE of 38.5x.
  • The 3-year average PS ratio of 1.4x is lower than the industry's current PS ratio of 2.1x.
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 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-0.74%
Industrials2.50%
Construction-0.79%
Construction and Engineering-0.79%
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
FIX Comfort Systems USAUS$1.73k1.1%
+US$627.0m		149.7%PE42.4x
DY Dycom IndustriesUS$424.213.4%
+US$421.3m		60.5%PE40.9x
ACM AECOMUS$70.964.4%
+US$388.1m		-37.7%PE14.4x
FLR FluorUS$51.704.5%
+US$308.7m		-8.1%PE20.6x
TPC Tutor PeriniUS$85.776.5%
+US$275.2m		80.1%PE57.8x

Latest News

VMI
US$494.81
Valmont Industries
7D
-5.9%
1Y
38.3%
TPC
US$85.77
Tutor Perini
7D
6.5%
1Y
80.1%
IESC
US$603.23
IES Holdings
7D
-2.9%
1Y
71.4%
FIX
US$1,730.42
Comfort Systems USA
7D
1.1%
1Y
149.7%
ACM
US$70.96
AECOM
7D
4.4%
1Y
-37.7%
ECG
US$127.56
Everus Construction Group
7D
-3.0%
1Y
76.0%
Narrative Update • Jul 24

ECG: Raised Guidance And Index Additions Will Support Higher Margins

The analyst price target for Everus Construction Group has been revised from $105.67 to $169.60. Analysts attribute this change to updated assumptions for higher revenue growth, modestly stronger profit margins, and a slightly higher future P/E multiple.
STRL
US$634.63
Sterling Infrastructure
7D
-2.4%
1Y
140.8%
MYRG
US$369.00
MYR Group
7D
-5.5%
1Y
87.7%
Seeking Alpha • Jul 23

MYR Group: The Rally Is Expensive, But Not Irrational

Summary MYR Group has delivered record earnings, accelerated organic growth, and raised margin guidance, supporting a substantial rally in the stock. MYRG's backlog reached a record $2.84 billion, with robust bidding activity and multi-year utility contracts underpinning long-term visibility. The Valley Electric and Comet Electric acquisition adds over $400 million in annual revenue, but integration and margin preservation are key risks. I rate MYRG a Hold with upside bias, as valuation reflects much of the recent operational improvement and future growth expectations. Read the full article on Seeking Alpha
FLR
US$51.70
Fluor
7D
4.5%
1Y
-8.1%
PWR
US$620.28
Quanta Services
7D
-1.9%
1Y
50.6%
Seeking Alpha • Jul 18

Quanta Services: Buy The Bottleneck Between AI And Energized Power

Summary Quanta Services is evolving from a construction contractor to a capacity brokerage firm, uniquely positioned across critical-path power delivery elements. PWR's integrated platform, in-house labor, and transformer capacity expansion underpin its ability to capture long-duration, high-value infrastructure projects amid industry constraints. 2026 guidance implies 22.7% revenue and 29.3% adjusted EPS growth, but valuation reflects a significant scarcity premium with a forward EV/EBITDA of 28.3x. I recommend buying PWR for investors seeking high-quality, long-duration infrastructure growth, acknowledging the considerable risks embedded in its premium valuation. Read the full article on Seeking Alpha
APG
US$39.93
APi Group
7D
1.4%
1Y
15.2%
AGX
US$542.52
Argan
7D
-9.9%
1Y
129.0%
Narrative Update • Jul 16

AGX: Rich Multiple May Struggle To Justify AI Power Backlog

Analysts have lifted their price target on Argan from $375 to $500, citing a premium P/E multiple that reflects the company's unique market position, strong execution, and a solid pipeline of new projects supported by favorable industry tailwinds. What's in the News Argan reported record Q1 fiscal 2027 results with revenue of US$291 million, net income of US$46.1 million, and adjusted EPS of US$3.24, supported by a project backlog of about US$2.77b and net liquidity above US$421 million.
ROAD
US$105.05
Construction Partners
7D
2.5%
1Y
2.8%
Narrative Update • Jul 15

ROAD: Highway Funding And Oklahoma Expansion Will Support Further Upside

The analyst price target for Construction Partners has been revised to $145 from $150. Analysts made this change after updating their assumptions for discount rates, revenue growth, profit margins, and future P/E expectations, following recent research commentary on weather risks and demand drivers.
GVA
US$125.52
Granite Construction
7D
2.8%
1Y
33.2%
DY
US$424.21
Dycom Industries
7D
3.4%
1Y
60.5%
PHOE
US$20.01
Phoenix Asia Holdings
7D
-45.2%
1Y
155.2%