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U.S. Construction Industry Analysis

UpdatedJun 30, 2026
DataAggregated Company Financials
Companies69
  • 7D-2.5%
  • 3M29.8%
  • 1Y89.4%
  • YTD53.3%

In the last week, the Construction industry is down 2.5% with Comfort Systems USA down the most at 5.7%. In contrast, MasTec has gained 5.6%. This takes the industry's 12 month performance to a gain of 89%. 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, 30 Jun 2026US$425.6bUS$180.4bUS$7.6b48.9x56x2.4x
Thu, 28 May 2026US$429.3bUS$180.3bUS$7.7b50.6x56x2.4x
Sat, 25 Apr 2026US$398.4bUS$173.6bUS$6.9b44.2x57.9x2.3x
Mon, 23 Mar 2026US$328.4bUS$174.0bUS$6.7b31.9x49.1x1.9x
Wed, 18 Feb 2026US$341.4bUS$168.2bUS$6.8b32.4x49.9x2x
Fri, 16 Jan 2026US$286.0bUS$165.7bUS$10.0b34.9x28.6x1.7x
Sun, 14 Dec 2025US$277.2bUS$165.8bUS$10.0b32.3x27.7x1.7x
Tue, 11 Nov 2025US$275.3bUS$164.5bUS$9.9b33.8x27.8x1.7x
Thu, 09 Oct 2025US$265.9bUS$160.0bUS$9.9b37.3x26.8x1.7x
Sat, 06 Sep 2025US$242.6bUS$157.7bUS$10.0b35.7x24.2x1.5x
Mon, 04 Aug 2025US$233.9bUS$156.2bUS$9.7b32.7x24x1.5x
Wed, 02 Jul 2025US$220.4bUS$153.2bUS$7.2b32.4x30.8x1.4x
Fri, 30 May 2025US$199.0bUS$153.2bUS$7.2b28.5x27.7x1.3x
Sun, 27 Apr 2025US$167.3bUS$149.9bUS$6.9b22x24.4x1.1x
Tue, 25 Mar 2025US$160.6bUS$149.6bUS$6.8b26x23.7x1.1x
Thu, 20 Feb 2025US$177.2bUS$147.3bUS$6.0b29.7x29.6x1.2x
Sat, 18 Jan 2025US$201.9bUS$146.2bUS$3.9b36.4x51.4x1.4x
Mon, 16 Dec 2024US$198.6bUS$146.2bUS$3.9b31.2x50.6x1.4x
Wed, 13 Nov 2024US$202.0bUS$145.6bUS$3.8b35.1x53.2x1.4x
Fri, 11 Oct 2024US$182.9bUS$144.7bUS$4.0b34.3x46x1.3x
Sun, 08 Sep 2024US$151.8bUS$144.8bUS$4.0b26.4x38.1x1x
Tue, 06 Aug 2024US$151.9bUS$144.2bUS$3.8b23.6x40.2x1.1x
Thu, 04 Jul 2024US$155.8bUS$141.8bUS$3.4b24.4x45.3x1.1x
Sat, 01 Jun 2024US$165.0bUS$141.8bUS$3.4b25.3x48x1.2x
Mon, 29 Apr 2024US$152.4bUS$140.4bUS$3.5b24.4x43.6x1.1x
Wed, 27 Mar 2024US$150.5bUS$136.3bUS$3.5b25.5x43.4x1.1x
Fri, 23 Feb 2024US$128.3bUS$132.9bUS$3.6b24.9x35.3x1x
Sun, 21 Jan 2024US$121.3bUS$135.2bUS$3.6b23.2x33.9x0.9x
Tue, 19 Dec 2023US$125.9bUS$135.2bUS$3.6b24.6x35.4x0.9x
Thu, 16 Nov 2023US$113.2bUS$134.9bUS$3.5b22.1x32.3x0.8x
Sat, 14 Oct 2023US$108.4bUS$130.5bUS$3.4b19.8x32.3x0.8x
Mon, 11 Sep 2023US$120.2bUS$130.5bUS$3.4b21.8x35.7x0.9x
Wed, 09 Aug 2023US$121.4bUS$130.7bUS$3.3b21.1x36.8x0.9x
Fri, 07 Jul 2023US$116.8bUS$126.6bUS$3.2b19.6x36.1x0.9x
Price to Earnings Ratio

36.1x


Total Market Cap: US$116.8bTotal Earnings: US$3.2bTotal Revenue: US$126.6bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Construction Industry Price to Earnings3Y Average 38.1x202420252026
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 56.0x which is higher than its 3-year average PE of 38.1x.
  • The 3-year average PS ratio of 1.3x is lower than the industry's current PS ratio of 2.4x.
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 Market0.31%
Industrials-0.68%
Construction-2.55%
Construction and Engineering-2.55%
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$429.095.6%
+US$1.8b		151.8%PE74.4x
DY Dycom IndustriesUS$506.808.3%
+US$1.2b		107.4%PE48.9x
CDNL Cardinal Infrastructure GroupUS$94.3129.7%
+US$763.8m		n/aPS3.5x
MYRG MYR GroupUS$501.137.1%
+US$515.9m		177.3%PE55x
GVA Granite ConstructionUS$158.964.9%
+US$326.4m		70.0%PE37.6x

Latest News

PWR
US$714.45
Quanta Services
7D
-3.5%
1Y
89.0%
MTZ
US$429.09
MasTec
7D
5.6%
1Y
151.8%
STRL
US$813.77
Sterling Infrastructure
7D
-12.8%
1Y
252.7%
IESC
US$722.97
IES Holdings
7D
1.7%
1Y
149.9%
FIX
US$1,948.69
Comfort Systems USA
7D
-5.7%
1Y
263.4%
DY
US$506.80
Dycom Industries
7D
8.3%
1Y
107.4%
EME
US$814.41
EMCOR Group
7D
-6.3%
1Y
52.3%
MYRG
US$501.13
MYR Group
7D
7.1%
1Y
177.3%
CDNL
US$94.31
Cardinal Infrastructure Group
7D
29.7%
1Y
n/a
PRIM
US$97.24
Primoris Services
7D
-10.2%
1Y
24.8%
ACM
US$69.77
AECOM
7D
2.8%
1Y
-38.2%
GVA
US$158.96
Granite Construction
7D
4.9%
1Y
70.0%
ECG
US$160.10
Everus Construction Group
7D
-2.8%
1Y
152.0%
Narrative Update • Jun 26

ECG: Fair Outlook Balances AI Infrastructure Demand With Execution And Margin Risks

Everus Construction Group's updated analyst price target has risen from $97 to $157. Analysts attribute this change to expectations for stronger projected revenue growth, modestly higher profit margins, and a higher assumed future P/E multiple as key supports for the new valuation range.
MWH
US$35.35
SOLV Energy
7D
8.3%
1Y
n/a
Seeking Alpha • Jun 25

SOLV Energy: The Pullback Makes The Buy Case Stronger

Summary SOLV Energy remains a Buy as the backlog converts into higher-margin earnings, and the stock trades at a compelling valuation discount. MWH's $8.2B backlog and 1.2x book-to-bill offer strong near-term revenue visibility, with O&M and lifecycle services expanding long-term runway. The RWE acquisition strengthens MWH’s grid-adjacent capabilities, enabling deeper customer relationships and a greater share of project spend. At ~15x NTM EBITDA versus peers at ~21x, MWH offers 20%–40% upside if execution and recurring revenue mix improve further. Read the full article on Seeking Alpha
APG
US$41.01
APi Group
7D
-4.1%
1Y
20.5%
Seeking Alpha • Jun 24

APi Group: Safety Player Continuing To Execute

Summary APi Group demonstrates strong growth momentum through double-digit organic growth and strategic M&A, notably acquiring Wtech Fire Group and Onyx-Fire Protection Service. APi Group raised full-year sales guidance twice post-acquisitions, now targeting $8.575–$8.775 billion revenue and $1.165–$1.225 billion adjusted EBITDA. Valuation has become more attractive, with shares down from April highs and forward P/E multiples compressing to around 20x on improved earnings outlook. I find APi Group compelling for initiation, supported by robust brands, a proven M&A track record, and realistic prospects of surpassing $10 billion in sales by 2028. Read the full article on Seeking Alpha
ROAD
US$120.21
Construction Partners
7D
-5.4%
1Y
13.1%
Narrative Update • Jun 23

ROAD: Highway Funding And Lower Debt Costs Will Support Further Upside

Analysts have kept the fair value estimate for Construction Partners unchanged at $150, with only slight model tweaks. They point to mixed recent Street research, including a new $130 target alongside prior target revisions and a recent upgrade, as the key drivers of their current stance.