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U.S. Construction Industry Analysis

UpdatedJun 24, 2026
DataAggregated Company Financials
Companies68
  • 7D0.05%
  • 3M23.3%
  • 1Y91.3%
  • YTD51.3%

The Construction is pretty flat in the last 7 days, but MasTec has stood out, gaining 5.7%. The past year has been better, since the industry has gained 91% in that time. 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
Wed, 24 Jun 2026US$451.2bUS$180.4bUS$7.6b46.9x59.4x2.5x
Fri, 22 May 2026US$414.2bUS$179.6bUS$7.6b48.2x54.3x2.3x
Sun, 19 Apr 2026US$377.5bUS$172.5bUS$6.7b39x56.7x2.2x
Tue, 17 Mar 2026US$329.7bUS$173.7bUS$6.7b32.9x49.5x1.9x
Thu, 12 Feb 2026US$335.2bUS$168.1bUS$10.1b39.5x33x2x
Sat, 10 Jan 2026US$272.0bUS$165.7bUS$10.0b33x27.2x1.6x
Mon, 08 Dec 2025US$280.4bUS$165.4bUS$10.0b34.2x28.1x1.7x
Wed, 05 Nov 2025US$281.8bUS$164.3bUS$10.4b34.2x27.1x1.7x
Fri, 03 Oct 2025US$266.1bUS$160.0bUS$9.9b35.6x26.8x1.7x
Sun, 31 Aug 2025US$240.4bUS$157.7bUS$10.0b34.5x24x1.5x
Tue, 29 Jul 2025US$245.7bUS$153.6bUS$7.1b34.3x34.5x1.6x
Thu, 26 Jun 2025US$215.6bUS$153.2bUS$7.2b30x30.1x1.4x
Sat, 24 May 2025US$193.3bUS$153.2bUS$7.2b28.2x27x1.3x
Mon, 21 Apr 2025US$156.1bUS$149.6bUS$6.8b21.3x23x1x
Wed, 19 Mar 2025US$161.3bUS$149.6bUS$6.8b24.1x23.8x1.1x
Fri, 14 Feb 2025US$181.7bUS$146.8bUS$4.0b29.9x44.9x1.2x
Sun, 12 Jan 2025US$188.0bUS$146.2bUS$3.9b33x47.9x1.3x
Tue, 10 Dec 2024US$205.0bUS$146.2bUS$3.9b31.4x52.2x1.4x
Thu, 07 Nov 2024US$189.1bUS$145.3bUS$4.0b33.2x47.5x1.3x
Sat, 05 Oct 2024US$177.3bUS$144.7bUS$4.0b32.7x44.6x1.2x
Mon, 02 Sep 2024US$167.7bUS$144.7bUS$4.0b28x42.2x1.2x
Wed, 31 Jul 2024US$160.6bUS$142.8bUS$3.6b25.5x44.5x1.1x
Fri, 28 Jun 2024US$159.2bUS$141.8bUS$3.4b25x46.3x1.1x
Sun, 26 May 2024US$166.4bUS$141.8bUS$3.4b26x48.3x1.2x
Tue, 23 Apr 2024US$144.8bUS$139.2bUS$3.3b23.8x43.9x1x
Thu, 21 Mar 2024US$146.2bUS$136.3bUS$3.5b24.8x42.2x1.1x
Sat, 17 Feb 2024US$132.1bUS$132.9bUS$3.7b26.3x35.9x1x
Mon, 15 Jan 2024US$122.3bUS$135.2bUS$3.6b23.1x34.2x0.9x
Wed, 13 Dec 2023US$121.3bUS$135.2bUS$3.6b22.8x34.1x0.9x
Fri, 10 Nov 2023US$105.4bUS$134.5bUS$3.6b19x29x0.8x
Sun, 08 Oct 2023US$110.5bUS$130.5bUS$3.4b20.3x33x0.8x
Tue, 05 Sep 2023US$124.3bUS$130.4bUS$3.4b22x37.1x1x
Thu, 03 Aug 2023US$124.0bUS$127.4bUS$3.4b19.6x36.8x1x
Sat, 01 Jul 2023US$119.1bUS$126.6bUS$3.2b19.9x36.9x0.9x
Price to Earnings Ratio

36.9x


Total Market Cap: US$119.1bTotal Earnings: US$3.2bTotal Revenue: US$126.6bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Construction Industry Price to Earnings3Y Average 38x202420252026
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 59.4x which is higher than its 3-year average PE of 38.0x.
  • 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 33% per year over the last three years.
  • Revenues for these companies have grown 13% 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-2.31%
Industrials-0.71%
Construction0.049%
Construction and Engineering0.049%
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
MTZ MasTecUS$390.445.7%
+US$1.6b		130.3%PE67.7x
STRL Sterling InfrastructureUS$892.254.0%
+US$1.1b		289.0%PE79x
AGX ArganUS$736.776.7%
+US$650.2m		243.3%PE64x
ACA ArcosaUS$144.929.2%
+US$601.9m		64.6%PE32.4x
FLR FluorUS$53.375.4%
+US$379.9m		4.2%PE21.3x

Latest News

ACM
US$69.07
AECOM
7D
-2.8%
1Y
-38.5%
PWR
US$702.29
Quanta Services
7D
-2.4%
1Y
88.7%
PRIM
US$84.95
Primoris Services
7D
-17.7%
1Y
7.3%
ACA
US$144.92
Arcosa
7D
9.2%
1Y
64.6%
DY
US$464.64
Dycom Industries
7D
-1.5%
1Y
94.6%
Narrative Update • Jun 22

DY: Data Center Projects And Record Backlog Will Support Future Cash Generation

Analysts kept their fair value estimate for Dycom Industries steady at $637.27 per share, making only minimal tweaks to the discount rate, revenue growth, profit margin, and future P/E assumptions that support a largely unchanged price target narrative. What’s in the News for Dycom Industries Dycom Industries reported fiscal Q1 2027 revenue of US$1.96b, which was 56% higher year over year and above Wall Street estimates, with adjusted earnings per share coming in 62.5% above expectations.
STRL
US$892.25
Sterling Infrastructure
7D
4.0%
1Y
289.0%
AGX
US$736.77
Argan
7D
6.7%
1Y
243.3%
FLR
US$53.37
Fluor
7D
5.4%
1Y
4.2%
Analysis Article • Jun 20

Fluor (FLR) Stock Could Be 5.9% Overvalued After Buy Backing And Weak Results

Fluor (FLR) drew fresh attention after a prominent Truist Financial analyst maintained a positive view on the stock, even though recent quarterly results showed revenue and net profit declines that investors are still working to interpret. See our latest analysis for Fluor. The recent rally in Fluor’s share price, with a 1 month share price return of 20.34% and year to date share price return of 28.68% to US$53.66, comes on top of a 5 year total shareholder return of 189.27%. This signals...
VMI
US$568.70
Valmont Industries
7D
2.2%
1Y
74.9%
TPC
US$81.00
Tutor Perini
7D
6.3%
1Y
81.9%
Narrative Update • Jun 18

TPC: Backlog From Major Federal And Infrastructure Wins Will Support Long Term Upside

Analysts have nudged their price target on Tutor Perini higher, lifting fair value from $109.50 to $113.25 as they update their assumptions around the discount rate, revenue growth, profit margin, and future P/E levels. What's in the News for Tutor Perini Tutor Perini and its subsidiary Black Construction secured a US$651.8m NAVFAC Pacific task order to upgrade electrical infrastructure at Naval Base Guam, with design planned to start in August 2026 and substantial completion targeted for June 2031.
MWH
US$32.63
SOLV Energy
7D
-5.4%
1Y
n/a
LGN
US$81.02
Legence
7D
-5.2%
1Y
n/a
New Narrative • Jun 17

Legence Stock Will Ride Data Center Demand And Modular Fabrication Tailwinds

Catalysts About Legence Legence provides engineering, installation, fabrication and maintenance services for mission critical building systems across data centers, technology, healthcare, education, life sciences and public sector clients. What are the underlying business or industry changes driving this perspective?
IESC
US$712.39
IES Holdings
7D
-1.9%
1Y
153.2%
Analysis Article • Jun 16

IES Holdings (IESC) Stock Could Be 25% Above Fair Value After $107.4 Million Insider Sales

Recent insider sales at IES Holdings (IESC), totaling an estimated $107.4 million over the past 3 months with no reported insider buying, have drawn attention as the stock trades well above its assessed intrinsic value. See our latest analysis for IES Holdings. Despite the latest 3.1% daily decline and a 1-week share price return that is slightly down, IES Holdings has very strong recent momentum. The company has a 30-day share price return of 6.5%, a 90-day share price return of 61.3% and a...
APG
US$41.58
APi Group
7D
-2.2%
1Y
22.9%
Narrative Update • Jun 14

APG: Safety Services Acquisitions And Higher Margins Will Support Future Upside

APi Group's analyst price target has been raised by incremental $1 to $2 moves across several firms, reflecting updated views on its projected growth, profitability, and price-to-earnings (P/E) assumptions. Analyst Commentary Bullish and cautious views around the latest price target moves on APi Group are fairly nuanced, and most of the Street research points in the same direction rather than splitting cleanly into opposing camps.
MYRG
US$468.00
MYR Group
7D
4.8%
1Y
163.3%
MTZ
US$390.44
MasTec
7D
5.7%
1Y
130.3%
Narrative Update • Jun 11

MTZ: Data Center And Infrastructure Backlog Will Support Future Margin Expansion

MasTec's analyst price targets have moved up by a few dollars to align more closely with a $480 to $500 range, as analysts factor in the company's detailed 2028 revenue, EBITDA and EPS goals, along with increased free cash flow and borrowing capacity highlighted at recent investor events. Analyst Commentary Recent Street research points to a cluster of higher price targets and supportive ratings for MasTec, centered in the upper end of the current US$480 to US$500 range.