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U.S. Construction Industry Analysis

UpdatedJun 20, 2026
DataAggregated Company Financials
Companies68
  • 7D2.1%
  • 3M31.7%
  • 1Y96.9%
  • YTD51.9%

In the last week, the Construction industry is up 2.1%, with Comfort Systems USA up 4.8%. In the last 12 months, the industry was up 97%. 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
Sat, 20 Jun 2026US$431.9bUS$180.4bUS$7.6b48.4x56.8x2.4x
Mon, 18 May 2026US$443.8bUS$179.6bUS$7.6b51.3x58.2x2.5x
Wed, 15 Apr 2026US$372.7bUS$172.5bUS$6.7b38.1x56x2.2x
Fri, 13 Mar 2026US$339.2bUS$173.7bUS$6.7b33.2x50.9x2x
Sun, 08 Feb 2026US$323.2bUS$166.1bUS$10.1b38.3x32.1x1.9x
Tue, 06 Jan 2026US$282.8bUS$165.7bUS$10.0b31.3x28.3x1.7x
Thu, 04 Dec 2025US$275.6bUS$165.4bUS$10.0b34.3x27.6x1.7x
Sat, 01 Nov 2025US$279.7bUS$163.6bUS$10.3b34.5x27.1x1.7x
Mon, 29 Sep 2025US$260.8bUS$160.0bUS$9.9b34.9x26.3x1.6x
Wed, 27 Aug 2025US$239.2bUS$157.7bUS$10.0b32.7x23.9x1.5x
Fri, 25 Jul 2025US$232.1bUS$153.3bUS$7.0b33.3x33x1.5x
Sun, 22 Jun 2025US$208.8bUS$153.2bUS$7.2b29.6x29.2x1.4x
Tue, 20 May 2025US$198.9bUS$153.1bUS$7.2b29.9x27.7x1.3x
Thu, 17 Apr 2025US$158.6bUS$149.6bUS$6.8b21.1x23.4x1.1x
Sat, 15 Mar 2025US$153.1bUS$149.6bUS$6.8b24.6x22.6x1x
Mon, 10 Feb 2025US$192.2bUS$146.6bUS$4.0b34.9x47.7x1.3x
Wed, 08 Jan 2025US$194.8bUS$146.2bUS$3.9b30.8x49.6x1.3x
Fri, 06 Dec 2024US$206.9bUS$146.1bUS$3.9b34.7x53x1.4x
Sun, 03 Nov 2024US$185.2bUS$146.8bUS$4.2b33.1x43.8x1.3x
Tue, 01 Oct 2024US$177.6bUS$144.8bUS$4.0b31.5x44.7x1.2x
Thu, 29 Aug 2024US$165.2bUS$144.7bUS$4.0b26.7x41.5x1.1x
Sat, 27 Jul 2024US$157.7bUS$142.9bUS$3.6b25.8x43.6x1.1x
Mon, 24 Jun 2024US$162.5bUS$141.8bUS$3.4b24.4x47.2x1.1x
Wed, 22 May 2024US$160.8bUS$141.8bUS$3.4b26.8x46.6x1.1x
Fri, 19 Apr 2024US$145.4bUS$139.2bUS$3.3b24.1x44x1x
Sun, 17 Mar 2024US$144.6bUS$136.3bUS$3.5b24.4x41.7x1.1x
Tue, 13 Feb 2024US$130.8bUS$132.9bUS$3.6b27.6x36.1x1x
Thu, 11 Jan 2024US$121.6bUS$135.1bUS$3.6b23.3x34x0.9x
Sat, 09 Dec 2023US$117.8bUS$135.2bUS$3.6b22.8x33.1x0.9x
Mon, 06 Nov 2023US$106.8bUS$134.3bUS$3.7b21.1x29.3x0.8x
Wed, 04 Oct 2023US$111.5bUS$130.5bUS$3.4b19.9x33.2x0.9x
Fri, 01 Sep 2023US$123.0bUS$130.4bUS$3.4b21.8x36.7x0.9x
Sun, 30 Jul 2023US$121.0bUS$127.5bUS$3.2b20x37.4x0.9x
Tue, 27 Jun 2023US$115.8bUS$126.6bUS$3.2b19.5x35.8x0.9x
Price to Earnings Ratio

35.8x


Total Market Cap: US$115.8bTotal Earnings: US$3.2bTotal Revenue: US$126.6bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Construction Industry Price to Earnings3Y Average 37.9x202420252026
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 56.8x which is higher than its 3-year average PE of 37.9x.
  • 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 Market1.40%
Industrials2.54%
Construction2.09%
Construction and Engineering2.09%
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$1.97k4.8%
+US$3.2b		293.5%PE56.5x
AGX ArganUS$738.8515.1%
+US$1.4b		263.3%PE64.2x
MTZ MasTecUS$379.664.6%
+US$1.3b		131.9%PE65.8x
EME EMCOR GroupUS$836.591.6%
+US$601.7m		72.5%PE27.8x
ROAD Construction PartnersUS$122.787.8%
+US$503.7m		20.0%PE54.7x

Latest News

FLR
US$53.66
Fluor
7D
5.7%
1Y
8.1%
Analysis Article • 5h

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$570.31
Valmont Industries
7D
4.3%
1Y
79.0%
ACM
US$68.81
AECOM
7D
-1.9%
1Y
-37.2%
Analysis Article • Jun 18

AECOM (ACM) Stock Could Be 35% Undervalued After DHS Contract And AI Push

AECOM (ACM) stock is back in focus after the company secured a wide ranging U.S. Department of Homeland Security contract and highlighted growing use of proprietary AI tools in major infrastructure projects. See our latest analysis for AECOM. Despite the Department of Homeland Security contract win, expanding AI tools and recent leadership and financing updates, AECOM’s recent momentum has softened, with the share price down 23.1% over 90 days and the 1 year total shareholder return declining...
BWMN
US$30.18
Bowman Consulting Group
7D
-2.9%
1Y
12.8%
Narrative Update • Jun 18

BWMN: Future Revenue Upside Will Be Supported By Expanding Contract Wins

Analysts have lifted the Bowman Consulting Group price target by $8 to $48.33, citing updated research that points to a more constructive revenue outlook and refined valuation assumptions. Analyst Commentary Recent research on Bowman Consulting Group highlights a more constructive revenue outlook and adjustments to valuation assumptions that support the higher price target.
AGX
US$738.85
Argan
7D
15.1%
1Y
263.3%
Narrative Update • Jun 18

AGX: AI Power Demand And Backlog Strength Will Meet Execution Risks

Argan's updated analyst fair value estimate has shifted from about $473 to roughly $680, as analysts point to a premium P/E assumption, a slightly lower discount rate, and modestly higher revenue growth expectations that are only partly offset by a lower projected profit margin. Analyst Commentary Recent Street research on Argan centers on higher fair value estimates and rating changes that reflect how analysts view the balance between the stock's execution, growth outlook, and current valuation.
ROAD
US$122.78
Construction Partners
7D
7.8%
1Y
20.0%
LGN
US$85.57
Legence
7D
-0.5%
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
-5.0%
1Y
160.8%
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...
PWR
US$702.25
Quanta Services
7D
-0.8%
1Y
94.6%
Narrative Update • Jun 16

PWR: AI Power Buildout And Backlog Strength Will Test Premium Execution

Analysts have raised their price target on Quanta Services to $800, citing expectations for a continued premium valuation and margin expansion as the company focuses on power generation, complex facilities, underground delivery modernization, and pipeline projects tied to electrification and AI related demand. Analyst Commentary Recent Street research on Quanta Services highlights a cluster of upward price target revisions and rating upgrades, with analysts focusing on the company’s positioning in power generation, complex facilities, underground delivery modernization, and pipeline projects tied to electrification and AI related demand.
DY
US$456.65
Dycom Industries
7D
-2.6%
1Y
95.1%
FIX
US$1,967.41
Comfort Systems USA
7D
4.8%
1Y
293.5%
EME
US$836.59
EMCOR Group
7D
1.6%
1Y
72.5%
Narrative Update • Jun 12

EME: High Tech And Data Center Projects Will Test Compounding Narrative

Analysts have raised EMCOR Group's price target by $215 to $1,100, citing the company’s position in high-tech manufacturing and data center projects, as well as its potential for long-term compounding supported by acquisitions. Analyst Commentary Recent research highlights EMCOR Group's role in high tech manufacturing and data center projects, with several firms setting a US$1,100 price target and framing the company as a potential long term compounder supported by acquisition opportunities.
BBCP
US$10.91
Concrete Pumping Holdings
7D
-1.9%
1Y
86.2%
MTZ
US$379.66
MasTec
7D
4.6%
1Y
131.9%
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.
ECG
US$157.71
Everus Construction Group
7D
6.0%
1Y
166.5%
CTRI
US$29.77
Centuri Holdings
7D
-1.9%
1Y
45.7%