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U.S. Construction Industry Analysis

UpdatedMay 21, 2026
DataAggregated Company Financials
Companies66
  • 7D-8.1%
  • 3M19.5%
  • 1Y101.6%
  • YTD46.3%

Over the last 7 days, the Construction industry has dropped 8.1%, driven by Quanta Services declining 8.2%. Meanwhile, Julong Holding actually outperformed within the industry, gaining 45% in the last week. This takes the industry's 12 month performance to a gain of 98%. As for the next few years, earnings are expected to grow by 23% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 21 May 2026US$411.5bUS$179.6bUS$7.6b48.9x54x2.3x
Sat, 18 Apr 2026US$366.5bUS$172.5bUS$6.7b39x55x2.1x
Mon, 16 Mar 2026US$329.7bUS$173.7bUS$6.7b32.9x49.5x1.9x
Wed, 11 Feb 2026US$330.2bUS$168.1bUS$10.1b38.7x32.5x2x
Fri, 09 Jan 2026US$282.6bUS$165.7bUS$10.0b33.1x28.2x1.7x
Sun, 07 Dec 2025US$280.4bUS$165.4bUS$10.0b34.2x28.1x1.7x
Tue, 04 Nov 2025US$281.4bUS$163.6bUS$10.3b34.6x27.3x1.7x
Thu, 02 Oct 2025US$264.7bUS$160.0bUS$9.9b36.1x26.7x1.7x
Sat, 30 Aug 2025US$245.3bUS$157.7bUS$10.0b34.5x24.5x1.6x
Mon, 28 Jul 2025US$245.7bUS$153.6bUS$7.1b33.9x34.4x1.6x
Wed, 25 Jun 2025US$215.9bUS$153.2bUS$7.2b30.3x30.1x1.4x
Fri, 23 May 2025US$196.1bUS$153.2bUS$7.2b30.5x27.3x1.3x
Sun, 20 Apr 2025US$156.1bUS$149.6bUS$6.8b21.3x23x1x
Tue, 18 Mar 2025US$158.8bUS$149.6bUS$6.8b24.9x23.5x1.1x
Thu, 13 Feb 2025US$187.1bUS$146.7bUS$4.0b30.6x46.4x1.3x
Sat, 11 Jan 2025US$190.0bUS$146.2bUS$3.9b33x48.4x1.3x
Mon, 09 Dec 2024US$205.0bUS$146.2bUS$3.9b32.6x52.2x1.4x
Wed, 06 Nov 2024US$183.1bUS$145.3bUS$4.0b32.6x46x1.3x
Fri, 04 Oct 2024US$177.8bUS$144.7bUS$4.0b31.8x44.7x1.2x
Sun, 01 Sep 2024US$167.7bUS$144.7bUS$4.0b28x42.2x1.2x
Tue, 30 Jul 2024US$162.0bUS$142.9bUS$3.6b26.2x44.8x1.1x
Thu, 27 Jun 2024US$161.8bUS$141.8bUS$3.4b24.6x47x1.1x
Sat, 25 May 2024US$163.1bUS$141.8bUS$3.4b26x47.4x1.2x
Mon, 22 Apr 2024US$144.8bUS$139.2bUS$3.3b23.8x43.9x1x
Wed, 20 Mar 2024US$146.2bUS$136.3bUS$3.5b24.9x42.2x1.1x
Fri, 16 Feb 2024US$130.7bUS$132.9bUS$3.7b26.9x35.5x1x
Sun, 14 Jan 2024US$122.3bUS$135.2bUS$3.6b23.1x34.2x0.9x
Tue, 12 Dec 2023US$120.7bUS$135.2bUS$3.6b22.7x33.9x0.9x
Thu, 09 Nov 2023US$104.7bUS$134.5bUS$3.6b19.3x28.8x0.8x
Sat, 07 Oct 2023US$110.5bUS$130.5bUS$3.4b20.3x33x0.8x
Mon, 04 Sep 2023US$124.3bUS$130.4bUS$3.4b22x37.1x1x
Wed, 02 Aug 2023US$123.8bUS$127.2bUS$3.3b20.2x37.9x1x
Fri, 30 Jun 2023US$118.8bUS$126.6bUS$3.2b19.9x36.8x0.9x
Sun, 28 May 2023US$109.3bUS$126.5bUS$3.2b18.4x33.8x0.9x
Price to Earnings Ratio

33.8x


Total Market Cap: US$109.3bTotal Earnings: US$3.2bTotal Revenue: US$126.5bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Construction Industry Price to Earnings3Y Average 37.4x202420252026
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 55.2x which is higher than its 3-year average PE of 37.4x.
  • 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 33% 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-0.32%
Industrials-1.74%
Construction-8.14%
Construction and Engineering-8.14%
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
JLHL Julong HoldingUS$24.6945.2%
+US$164.9m		n/aPE137.7x
ACM AECOMUS$71.471.3%
+US$122.1m		-33.5%PE14.5x
HUHU HUHUTECH International GroupUS$11.6520.5%
+US$51.3m		132.1%PS14.1x
AMRC AmerescoUS$29.511.8%
+US$28.1m		108.4%PE49.8x
MTRX Matrix ServiceUS$12.647.1%
+US$23.6m		4.2%PS0.4x

Latest News

LMB
US$73.12
Limbach Holdings
7D
1.9%
1Y
-42.4%
AMRC
US$29.51
Ameresco
7D
1.8%
1Y
108.4%
MTZ
US$384.21
MasTec
7D
-9.3%
1Y
147.3%
Seeking Alpha • 20h

MasTec: Growth Momentum Looks Set To Continue Through 2026

Summary MasTec delivered strong Q1 FY26 results, with revenue up 35.4% to $3.83B and adjusted EPS of $1.39, beating consensus. Sustained demand momentum across segments and a record backlog support continued double-digit topline growth in FY26. Continued focus on margin optimization along with a healthy topline growth outlook to drive earnings growth over the coming quarters. MTZ's valuation appears slightly stretched, but strong secular tailwinds and strategic diversification justify a continued buy rating. Read the full article on Seeking Alpha
MTRX
US$12.64
Matrix Service
7D
7.1%
1Y
4.2%
Narrative Update • May 20

MTRX: Profitability Inflection And Margin Improvement Will Support Share Repricing

Matrix Service's analyst price target has been reaffirmed at $20.00. Analysts point to a slightly higher assumed profit margin and a lower future P/E multiple as key factors behind the updated valuation framework.
LGN
US$82.46
Legence
7D
-17.5%
1Y
n/a
New Narrative • May 19

Data Center Backlog And Modular Capacity Will Support Durable Multi Sector Demand

Catalysts About Legence Legence provides engineering, installation, fabrication, and maintenance services for mission critical building systems across sectors such as data centers, technology, healthcare, life sciences, education, and government. What are the underlying business or industry changes driving this perspective?
AGX
US$630.50
Argan
7D
-12.4%
1Y
226.5%
FIX
US$1,835.51
Comfort Systems USA
7D
-9.8%
1Y
294.5%
PWR
US$709.93
Quanta Services
7D
-8.2%
1Y
108.1%
EME
US$853.15
EMCOR Group
7D
-7.6%
1Y
84.0%
ACM
US$71.47
AECOM
7D
1.3%
1Y
-33.5%
VATE
US$13.16
INNOVATE
7D
11.9%
1Y
129.7%
DY
US$412.78
Dycom Industries
7D
-7.2%
1Y
84.2%
STRL
US$752.00
Sterling Infrastructure
7D
-12.0%
1Y
313.0%
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.
PHOE
US$15.94
Phoenix Asia Holdings
7D
5.7%
1Y
367.4%
HUHU
US$11.65
HUHUTECH International Group
7D
20.5%
1Y
132.1%
JLHL
US$24.69
Julong Holding
7D
45.2%
1Y
n/a