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U.S. Construction Industry Analysis

UpdatedFeb 04, 2026
DataAggregated Company Financials
Companies70
  • 7D1.9%
  • 3M9.7%
  • 1Y65.5%
  • YTD12.1%

Over the last 7 days, the Construction industry has risen 1.9%, driven by gains from Comfort Systems USA of 4.3%. In the same time, IES Holdings was down 12%. This means that the industry has gained 65% over the past year. Earnings are forecast to grow by 19% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 04 Feb 2026US$306.5bUS$165.9bUS$10.0b36.9x30.5x1.8x
Fri, 02 Jan 2026US$267.3bUS$165.7bUS$10.0b30.3x26.7x1.6x
Sun, 30 Nov 2025US$280.8bUS$165.4bUS$10.0b34.2x28.2x1.7x
Tue, 28 Oct 2025US$284.5bUS$160.7bUS$10.1b35.1x28.2x1.8x
Thu, 25 Sep 2025US$259.8bUS$160.0bUS$9.9b35.9x26.2x1.6x
Sat, 23 Aug 2025US$236.7bUS$157.7bUS$10.0b32.4x23.7x1.5x
Mon, 21 Jul 2025US$230.5bUS$153.2bUS$7.2b33.3x32.2x1.5x
Wed, 18 Jun 2025US$209.5bUS$153.2bUS$7.2b29.3x29.3x1.4x
Fri, 16 May 2025US$197.6bUS$153.1bUS$7.2b28.8x27.5x1.3x
Sun, 13 Apr 2025US$156.9bUS$149.6bUS$6.8b23.5x23.1x1x
Tue, 11 Mar 2025US$153.2bUS$149.6bUS$6.8b21.9x22.7x1x
Thu, 06 Feb 2025US$184.4bUS$146.4bUS$4.0b32.6x45.6x1.3x
Sat, 04 Jan 2025US$187.2bUS$146.2bUS$3.9b30.6x47.6x1.3x
Mon, 02 Dec 2024US$207.4bUS$146.1bUS$3.9b35.5x53.1x1.4x
Wed, 30 Oct 2024US$187.7bUS$145.2bUS$4.2b32.7x45.2x1.3x
Fri, 27 Sep 2024US$177.4bUS$144.8bUS$4.0b31.8x44.6x1.2x
Sun, 25 Aug 2024US$166.3bUS$144.7bUS$4.0b27.7x41.8x1.1x
Tue, 23 Jul 2024US$159.9bUS$141.8bUS$3.4b27.1x46.4x1.1x
Thu, 20 Jun 2024US$164.6bUS$141.8bUS$3.4b25.2x47.8x1.2x
Sat, 18 May 2024US$158.7bUS$141.8bUS$3.4b25x46x1.1x
Mon, 15 Apr 2024US$149.0bUS$136.3bUS$3.5b24.5x43.1x1.1x
Wed, 13 Mar 2024US$143.4bUS$136.3bUS$3.5b25.4x41.4x1.1x
Fri, 09 Feb 2024US$127.1bUS$132.8bUS$3.6b25.1x35.1x1x
Sun, 07 Jan 2024US$120.6bUS$135.1bUS$3.6b24.1x33.8x0.9x
Tue, 05 Dec 2023US$117.8bUS$135.1bUS$3.5b22.9x33.3x0.9x
Thu, 02 Nov 2023US$105.7bUS$132.8bUS$3.3b20.8x32.2x0.8x
Sat, 30 Sep 2023US$114.7bUS$130.5bUS$3.4b20.5x34.2x0.9x
Mon, 28 Aug 2023US$120.4bUS$130.4bUS$3.4b21.4x35.9x0.9x
Wed, 26 Jul 2023US$122.7bUS$126.7bUS$3.2b20.9x38.6x1x
Fri, 23 Jun 2023US$117.3bUS$126.6bUS$3.2b19.8x36.3x0.9x
Sun, 21 May 2023US$109.3bUS$126.4bUS$3.2b20x34.1x0.9x
Tue, 18 Apr 2023US$106.6bUS$122.7bUS$3.2b22.1x32.9x0.9x
Thu, 16 Mar 2023US$104.8bUS$123.0bUS$3.3b22.7x31.4x0.9x
Sat, 11 Feb 2023US$106.7bUS$115.9bUS$2.8b20.9x37.5x0.9x
Price to Earnings Ratio

37.5x


Total Market Cap: US$106.7bTotal Earnings: US$2.8bTotal Revenue: US$115.9bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Construction Industry Price to Earnings3Y Average 35.7x202420252026
Current Industry PE
  • Investors are pessimistic on the American Construction industry, indicating that they anticipate long term growth rates will be lower than they have historically.
  • The industry is trading at a PE ratio of 30.5x which is lower than its 3-year average PE of 35.7x.
  • The 3-year average PS ratio of 1.2x is lower than the industry's current PS ratio of 1.8x.
Past Earnings Growth
  • The earnings for companies in the Construction industry have grown 52% 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-1.35%
Industrials1.84%
Construction1.91%
Construction and Engineering1.91%
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$1.21k4.3%
+US$1.7b		184.7%PE50.8x
PWR Quanta ServicesUS$488.601.9%
+US$1.4b		62.9%PE71.6x
EME EMCOR GroupUS$744.533.9%
+US$1.3b		67.3%PE29.5x
DY Dycom IndustriesUS$391.704.5%
+US$504.3m		111.0%PE39.4x
STRL Sterling InfrastructureUS$386.783.9%
+US$446.4m		179.1%PE37.6x

Latest News

EME
US$744.53
EMCOR Group
7D
3.9%
1Y
67.3%

EME: Higher Fair Value And Capital Returns Will Test Margin Resilience

Analysts lifted their fair value estimate for EMCOR Group to $713 from $675, citing updated assumptions around revenue growth, profit margins, and future P/E expectations reflected in recent Street research. Analyst Commentary Street research around EMCOR Group's updated fair value has not been uniformly positive, and several bearish analysts are flagging areas where they see less room for upside relative to the new US$713 estimate.
PWR
US$488.60
Quanta Services
7D
1.9%
1Y
62.9%

PWR: Power Supercycle Expansion And Acquisitions Will Likely Expose Downside Risk

Analysts nudged their price targets on Quanta Services higher, citing recent target increases from several firms, a refreshed view on its Electric division and acquisition benefits. Together, these factors support a revised fair value of about $372 per share and a lower assumed future P/E near 37x.
ROAD
US$117.56
Construction Partners
7D
5.9%
1Y
43.5%
ACM
US$95.51
AECOM
7D
-1.4%
1Y
-8.3%
FIX
US$1,209.97
Comfort Systems USA
7D
4.3%
1Y
184.7%
ECG
US$92.90
Everus Construction Group
7D
-1.0%
1Y
37.4%
GVA
US$124.83
Granite Construction
7D
4.6%
1Y
43.2%
IESC
US$420.62
IES Holdings
7D
-11.8%
1Y
95.9%
AGX
US$381.73
Argan
7D
5.3%
1Y
191.9%

AGX: Texas Gas Power Backlog And Execution Risks Will Shape Future Returns

Narrative Update on Argan Analysts have lifted their price target for Argan to $397, citing fresh Buy initiations and upgrades that describe the company as a pure-play way to gain exposure to combined cycle gas power generation and a growing backlog of gas-fired projects in Texas. Analyst Commentary Recent research on Argan focuses on its role as a pure-play contractor tied to combined cycle and gas-fired power projects, particularly in Texas, and what that could mean for execution risk and valuation if the current project pipeline plays out as expected.
DY
US$391.70
Dycom Industries
7D
4.5%
1Y
111.0%

DY: Index Shift And Updated Guidance Will Shape A Balanced Outlook

Narrative Update Analysts have lifted their price target for Dycom Industries to about US$405.55 from roughly US$392.40, citing updated assumptions around fair value, discount rate, revenue growth, profit margin, and future P/E expectations. What's in the News Dycom Industries, Inc.
AMRC
US$31.44
Ameresco
7D
-4.8%
1Y
53.5%

AMRC: Bullish Coverage And Clean Energy Projects Will Support Future Earnings Power

Analysts have slightly reduced their Ameresco fair value estimate to about US$54.50 per share, reflecting updated assumptions for revenue growth, profit margins, and future P/E following a recent bullish Street research initiation. Analyst Commentary Recent research points to a constructive stance from bullish analysts, who see the latest fair value revision as a refinement of underlying assumptions rather than a change in the overall thesis on Ameresco.
STRL
US$386.78
Sterling Infrastructure
7D
3.9%
1Y
179.1%

STRL: New Buyback Authorization Will Support Mission-Critical Project Execution Upside

Analysts have trimmed their fair value estimate for Sterling Infrastructure from about US$453.33 to roughly US$443.25, citing updated assumptions on revenue growth, profit margins and future P/E, while maintaining a generally constructive view reflected in recent bullish Street research. Analyst Commentary Recent Street research on Sterling Infrastructure has generally framed the trimmed fair value estimate as a tuning of assumptions rather than a shift in overall stance.
IMSR
US$8.93
Terrestrial Energy
7D
-14.4%
1Y
-11.4%

Terrestrial Energy: Compelling Nuclear Play Gaining Momentum For DOE Deals

Jan 24
WSC
US$19.87
WillScot Holdings
7D
-2.7%
1Y
-43.6%

Is WillScot Holdings Corporation (NASDAQ:WSC) Trading At A 20% Discount?

Jan 22
Is WillScot Holdings Corporation (NASDAQ:WSC) Trading At A 20% Discount?
MSGY
US$0.80
Masonglory
7D
-87.2%
1Y
n/a
HUHU
US$5.00
HUHUTECH International Group
7D
-32.5%
1Y
20.2%

Revenues Tell The Story For HUHUTECH International Group Inc. (NASDAQ:HUHU) As Its Stock Soars 25%

Dec 23
Revenues Tell The Story For HUHUTECH International Group Inc. (NASDAQ:HUHU) As Its Stock Soars 25%