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U.S. Construction Industry Analysis

UpdatedJun 13, 2026
DataAggregated Company Financials
Companies66
  • 7D0.7%
  • 3M28.5%
  • 1Y95.3%
  • YTD48.8%

The Construction industry has been flat over the last week, but Primoris Services has lost 19%. As for the the longer term, the industry is up 95% over the past 12 months. 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
Sat, 13 Jun 2026US$412.9bUS$180.4bUS$7.7b47.4x53.8x2.3x
Mon, 11 May 2026US$444.3bUS$178.7bUS$7.6b48x58.5x2.5x
Wed, 08 Apr 2026US$341.7bUS$172.5bUS$6.7b35.5x51.3x2x
Fri, 06 Mar 2026US$348.2bUS$173.7bUS$6.7b33.7x52.3x2x
Sun, 01 Feb 2026US$303.3bUS$165.9bUS$10.0b34.8x30.2x1.8x
Tue, 30 Dec 2025US$273.3bUS$165.7bUS$10.0b30x27.3x1.6x
Thu, 27 Nov 2025US$273.7bUS$165.4bUS$10.0b33.8x27.5x1.7x
Sat, 25 Oct 2025US$269.4bUS$160.7bUS$10.1b35.3x26.7x1.7x
Mon, 22 Sep 2025US$257.9bUS$160.0bUS$9.9b36.5x26x1.6x
Wed, 20 Aug 2025US$238.9bUS$157.6bUS$10.0b33.7x24x1.5x
Fri, 18 Jul 2025US$226.4bUS$153.2bUS$7.2b33.2x31.6x1.5x
Sun, 15 Jun 2025US$206.6bUS$153.2bUS$7.2b29.7x28.8x1.3x
Tue, 13 May 2025US$187.0bUS$152.9bUS$7.2b27x26.1x1.2x
Thu, 10 Apr 2025US$145.5bUS$149.6bUS$6.8b22.7x21.4x1x
Sat, 08 Mar 2025US$153.5bUS$149.6bUS$6.8b23.1x22.7x1x
Mon, 03 Feb 2025US$187.9bUS$146.2bUS$3.9b32.5x47.6x1.3x
Wed, 01 Jan 2025US$187.2bUS$146.2bUS$3.9b32.1x47.7x1.3x
Fri, 29 Nov 2024US$206.3bUS$146.1bUS$3.9b35.1x52.8x1.4x
Sun, 27 Oct 2024US$181.9bUS$145.2bUS$4.2b32.3x43.8x1.3x
Tue, 24 Sep 2024US$177.4bUS$144.8bUS$4.0b30.9x44.6x1.2x
Thu, 22 Aug 2024US$161.6bUS$144.6bUS$4.0b26.5x40.7x1.1x
Sat, 20 Jul 2024US$161.1bUS$141.8bUS$3.4b26.5x46.8x1.1x
Mon, 17 Jun 2024US$161.1bUS$141.8bUS$3.4b24.7x46.8x1.1x
Wed, 15 May 2024US$159.7bUS$141.8bUS$3.4b25.9x46.3x1.1x
Fri, 12 Apr 2024US$149.6bUS$136.2bUS$3.5b23.7x43.2x1.1x
Sun, 10 Mar 2024US$145.9bUS$136.2bUS$3.5b25.9x42.1x1.1x
Tue, 06 Feb 2024US$123.7bUS$135.1bUS$3.6b24.3x34.1x0.9x
Thu, 04 Jan 2024US$121.1bUS$135.1bUS$3.6b23.6x33.9x0.9x
Sat, 02 Dec 2023US$115.9bUS$135.1bUS$3.5b22.9x32.7x0.9x
Mon, 30 Oct 2023US$103.2bUS$131.2bUS$3.3b19.8x30.9x0.8x
Wed, 27 Sep 2023US$112.4bUS$130.5bUS$3.4b20x33.5x0.9x
Fri, 25 Aug 2023US$119.3bUS$130.4bUS$3.4b21.2x35.6x0.9x
Sun, 23 Jul 2023US$121.4bUS$126.6bUS$3.2b21x37.6x1x
Tue, 20 Jun 2023US$115.1bUS$126.6bUS$3.2b19.7x35.6x0.9x
Price to Earnings Ratio

35.6x


Total Market Cap: US$115.1bTotal Earnings: US$3.2bTotal Revenue: US$126.6bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Construction Industry Price to Earnings3Y Average 37.8x202420252026
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 53.8x which is higher than its 3-year average PE of 37.8x.
  • 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 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 Market0.81%
Industrials1.13%
Construction0.67%
Construction and Engineering0.67%
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$707.741.8%
+US$1.9b		97.5%PE96.1x
FIX Comfort Systems USAUS$1.88k1.8%
+US$1.2b		281.1%PE53.9x
IESC IES HoldingsUS$749.834.0%
+US$580.0m		186.3%PE39.5x
FLR FluorUS$50.766.7%
+US$446.9m		5.1%PE20.3x
WSC WillScot HoldingsUS$28.137.3%
+US$347.5m		5.3%PS2.2x

Latest News

PRIM
US$98.65
Primoris Services
7D
-19.0%
1Y
32.9%
AGX
US$641.68
Argan
7D
-7.6%
1Y
194.1%
FIX
US$1,877.61
Comfort Systems USA
7D
1.8%
1Y
281.1%
IESC
US$749.83
IES Holdings
7D
4.0%
1Y
186.3%
STRL
US$858.99
Sterling Infrastructure
7D
-2.7%
1Y
323.2%
MTZ
US$362.97
MasTec
7D
-0.3%
1Y
123.9%
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.
EME
US$823.05
EMCOR Group
7D
0.7%
1Y
72.2%
MWH
US$31.75
SOLV Energy
7D
-3.2%
1Y
n/a
PWR
US$707.74
Quanta Services
7D
1.8%
1Y
97.5%
VMI
US$546.81
Valmont Industries
7D
2.4%
1Y
69.9%
Narrative Update • Jun 08

VMI: Governance Changes And Dividend Policy Will Shape Measured Future Returns

Analysts have adjusted their price target for Valmont Industries from $527 to $545.25, citing updated assumptions across fair value, discount rate, revenue growth, profit margin, and future P/E as key drivers of the new view. What's in the News Valmont Industries finalized a retirement arrangement for former Executive Vice President, Chief Financial Officer, and Corporate Secretary Thomas Liguori, who will remain as a consultant until December 26, 2026, with base salary, health benefits, severance payments, and accelerated equity vesting provided as part of the agreement.
ACM
US$70.12
AECOM
7D
-1.4%
1Y
-37.4%
Narrative Update • Jun 07

ACM: Defense Infrastructure Wins And Record Backlog Will Support Future Earnings Upside

Analysts have trimmed their price target for AECOM from $121.75 to $106.88, citing updated assumptions regarding revenue growth, profit margins, the discount rate, and future P/E to better reflect current expectations. What's in the News AECOM secured the top position on Defence Construction Canada’s National Architecture & Engineering Source List, a multi year program with a potential value of up to C$270 million that supports the Department of National Defence’s infrastructure across Canada.
ACA
US$129.51
Arcosa
7D
5.7%
1Y
50.9%
WSC
US$28.13
WillScot Holdings
7D
7.3%
1Y
5.3%
Narrative Update • Jun 05

WSC: Raised Outlook And Ongoing Buybacks Will Shape Future Returns

Analysts lifted their average price target for WillScot stock by $2 to $24, citing modest improvements in modeled revenue growth, profit margins, and the stock's future P/E assumptions. Analyst Commentary Recent research points to a mixed backdrop for WillScot Holdings, with several firms adjusting price targets and refining views on the stock's risk and reward profile.
ECG
US$148.83
Everus Construction Group
7D
-1.0%
1Y
150.0%
FLR
US$50.76
Fluor
7D
6.7%
1Y
5.1%
Narrative Update • Jun 02

FLR: Backlog Strength And Nuclear Pipeline Will Offset Near Term Setbacks

Analysts now mark Fluor's fair value at $50.69, down from $53.50, reflecting updated assumptions on discount rate, growth, margins, and future P/E after mixed recalibrations to Street price targets, including recent moves from Baird and Citi. Analyst Commentary Recent research pieces on Fluor point to a split view, with some analysts focusing on execution and earnings power, and others stressing valuation risk and project uncertainty.
JLHL
US$24.00
Julong Holding
7D
-46.4%
1Y
n/a