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U.S. Construction Industry Analysis

UpdatedMar 26, 2026
DataAggregated Company Financials
Companies67
  • 7D3.0%
  • 3M24.6%
  • 1Y111.7%
  • YTD22.7%

In the last week, the Construction industry is up 3.0%, with Comfort Systems USA leading the way, up 3.3%. During this same period, the Argan underperformed, falling 6.9%. In the last 12 months, the industry was up 112%. Earnings are forecast to grow by 23% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 26 Mar 2026US$346.6bUS$174.1bUS$6.7b37.4x52x2x
Sat, 21 Feb 2026US$348.6bUS$170.3bUS$6.7b34.8x51.7x2x
Mon, 19 Jan 2026US$302.0bUS$165.7bUS$10.0b36.1x30.2x1.8x
Wed, 17 Dec 2025US$276.5bUS$165.7bUS$10.0b32.4x27.6x1.7x
Fri, 14 Nov 2025US$278.7bUS$164.5bUS$9.9b32.7x28.2x1.7x
Sun, 12 Oct 2025US$261.4bUS$160.0bUS$9.9b35.6x26.4x1.6x
Tue, 09 Sep 2025US$239.5bUS$157.7bUS$10.0b35.4x23.9x1.5x
Thu, 07 Aug 2025US$237.2bUS$156.7bUS$9.8b33.4x24.1x1.5x
Sat, 05 Jul 2025US$224.8bUS$153.2bUS$7.2b32.6x31.4x1.5x
Mon, 02 Jun 2025US$199.7bUS$153.2bUS$7.2b31.6x27.8x1.3x
Wed, 30 Apr 2025US$167.4bUS$149.9bUS$6.9b22.2x24.4x1.1x
Fri, 28 Mar 2025US$159.0bUS$149.6bUS$6.8b22.6x23.5x1.1x
Sun, 23 Feb 2025US$167.3bUS$148.5bUS$6.1b27.4x27.3x1.1x
Tue, 21 Jan 2025US$202.5bUS$146.2bUS$3.9b36.4x51.6x1.4x
Thu, 19 Dec 2024US$197.2bUS$146.2bUS$3.9b28.4x50.2x1.3x
Sat, 16 Nov 2024US$194.3bUS$145.5bUS$3.7b34.3x51.9x1.3x
Mon, 14 Oct 2024US$184.6bUS$144.7bUS$4.0b34.6x46.4x1.3x
Wed, 11 Sep 2024US$153.9bUS$144.8bUS$4.0b27.4x38.7x1.1x
Fri, 09 Aug 2024US$151.7bUS$145.1bUS$4.1b25.5x37.4x1x
Sun, 07 Jul 2024US$153.3bUS$141.8bUS$3.4b24.5x44.5x1.1x
Tue, 04 Jun 2024US$164.0bUS$141.8bUS$3.4b24.5x47.7x1.2x
Thu, 02 May 2024US$151.3bUS$140.4bUS$3.5b24.8x43.2x1.1x
Sat, 30 Mar 2024US$153.7bUS$136.2bUS$3.5b25.8x44.4x1.1x
Mon, 26 Feb 2024US$134.9bUS$134.8bUS$3.6b25.8x37.5x1x
Wed, 24 Jan 2024US$122.3bUS$135.2bUS$3.6b23.3x34.2x0.9x
Fri, 22 Dec 2023US$125.2bUS$135.1bUS$3.6b25.3x35x0.9x
Sun, 19 Nov 2023US$112.1bUS$134.9bUS$3.5b22.3x32x0.8x
Tue, 17 Oct 2023US$109.5bUS$130.5bUS$3.4b20.1x32.7x0.8x
Thu, 14 Sep 2023US$117.6bUS$130.5bUS$3.4b20.8x35.1x0.9x
Sat, 12 Aug 2023US$121.1bUS$130.7bUS$3.4b21.5x36.1x0.9x
Mon, 10 Jul 2023US$117.7bUS$126.6bUS$3.2b19.8x36.4x0.9x
Wed, 07 Jun 2023US$112.9bUS$126.6bUS$3.2b19.3x34.9x0.9x
Fri, 05 May 2023US$104.9bUS$124.2bUS$3.3b22.7x31.9x0.8x
Sun, 02 Apr 2023US$109.6bUS$122.8bUS$3.2b25.2x33.9x0.9x
Price to Earnings Ratio

33.9x


Total Market Cap: US$109.6bTotal Earnings: US$3.2bTotal Revenue: US$122.8bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Construction Industry Price to Earnings3Y Average 36.2x202420252026
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 52.0x which is higher than its 3-year average PE of 36.2x.
  • The 3-year average PS ratio of 1.2x is lower than the industry's current PS ratio of 2.0x.
Past Earnings Growth
  • The earnings for companies in the Construction industry have grown 27% 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-0.15%
Industrials0.65%
Construction2.96%
Construction and Engineering2.96%
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$1.47k3.3%
+US$1.7b		325.5%PE50.5x
MTZ MasTecUS$323.556.8%
+US$1.6b		163.6%PE63.1x
EME EMCOR GroupUS$764.763.7%
+US$1.2b		95.0%PE26.8x
IESC IES HoldingsUS$501.2713.5%
+US$1.2b		180.2%PE29.5x
STRL Sterling InfrastructureUS$452.927.5%
+US$971.1m		260.7%PE47.8x

Latest News

ACM
US$88.54
AECOM
7D
-1.8%
1Y
-6.4%
MSW
US$0.97
Ming Shing Group Holdings
7D
-21.4%
1Y
-74.3%
PRIM
US$149.40
Primoris Services
7D
8.0%
1Y
144.9%
IESC
US$501.27
IES Holdings
7D
13.5%
1Y
180.2%

IES Holdings (IESC): The Infrastructure Backbone of the AI Era

IES Holdings (IESC) is currently trading at $472.00 USD on the NASDAQ as of March 23, 2026, marking an 8.02% surge during today's session. The company has a market capitalization of $9.41 billion , following a series of stellar earnings reports that have repositioned the firm from a traditional electrical contractor to a critical player in the global data center build-out.
APG
US$42.16
APi Group
7D
2.7%
1Y
72.2%
ROAD
US$112.06
Construction Partners
7D
-4.5%
1Y
46.7%

ROAD: Q1 Resilience And Buybacks Will Support Compounding Earnings Power

The analyst price target for Construction Partners has increased to $147, up from $115, as analysts highlight recent fiscal Q1 results as a relative bright spot in a tougher aggregates season and view the business model as continuing to compound despite a mixed macro backdrop. Analyst Commentary Recent Street research reflects a generally constructive tone on Construction Partners, with some differences in how aggressively analysts frame the upside and the level of caution around valuation and execution risks.
FIX
US$1,470.64
Comfort Systems USA
7D
3.3%
1Y
325.5%

FIX: Texas Data Centers And Modular Execution Will Drive Future Upside

Analysts have lifted the price target for Comfort Systems USA to $1,611 from $1,196, citing its exposure to Texas data center construction, its modular capabilities, and support from Kodiak in scaling its workforce. Analyst Commentary Recent research points to a group of analysts who remain optimistic on Comfort Systems USA, highlighting its exposure to Texas data center projects, modular construction capabilities, and support from Kodiak in scaling its workforce.
CTRI
US$30.45
Centuri Holdings
7D
-0.2%
1Y
83.8%
EME
US$764.76
EMCOR Group
7D
3.7%
1Y
95.0%
MTZ
US$323.55
MasTec
7D
6.8%
1Y
163.6%

MTZ: Backlog And Long Haul Infrastructure Pipeline Will Drive Future Momentum

Analysts lifted the fair value estimate for MasTec to $336.32 from $246.67, citing higher modeled revenue growth, a slightly lower discount rate, and a higher future P/E assumption, which they note is supported by recent price target increases across Wall Street tied to growth across segments, margin progress, and a larger backlog. Analyst Commentary Recent Street research on MasTec reflects a generally constructive view, with multiple firms lifting price targets and updating models following Q4 results, higher guidance, and management meetings.
STRL
US$452.92
Sterling Infrastructure
7D
7.5%
1Y
260.7%
AGX
US$437.48
Argan
7D
-6.9%
1Y
266.0%

AGX: AI Power Demand Reliance Will Sustain Excessive Optimism

Analysts have nudged their fair value estimate for Argan from $361.0 to $373.8, citing updated assumptions for revenue growth, profit margins and future P/E, alongside fresh Street research that highlights potential benefits from rising power demand tied to AI and data centers. Analyst Commentary Recent Street research frames Argan as a company with clear exposure to rising power demand tied to AI and data centers, but also as a name where investors need to weigh execution risk and valuation discipline.
ECG
US$123.29
Everus Construction Group
7D
6.5%
1Y
234.4%

Data Center And Semiconductor Exposure Will Eventually Pressure Margins And Earnings Stability

Catalysts About Everus Construction Group Everus Construction Group provides electrical, mechanical and transmission and distribution construction services across data center, hospitality, semiconductor, utility and transportation markets. What are the underlying business or industry changes driving this perspective?
PHOE
US$14.76
Phoenix Asia Holdings
7D
-5.3%
1Y
n/a
HUHU
US$6.55
HUHUTECH International Group
7D
-3.7%
1Y
29.4%

HUHUTECH International Group Inc.'s (NASDAQ:HUHU) Share Price Is Still Matching Investor Opinion Despite 25% Slump

Feb 13
HUHUTECH International Group Inc.'s (NASDAQ:HUHU) Share Price Is Still Matching Investor Opinion Despite 25% Slump
JLHL
US$5.38
Julong Holding
7D
-7.2%
1Y
n/a