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U.S. Construction Industry Analysis

UpdatedJun 22, 2026
DataAggregated Company Financials
Companies68
  • 7D2.1%
  • 3M27.3%
  • 1Y96.9%
  • YTD51.9%

The Construction industry is up 2.1% in the last week, with Comfort Systems USA up 4.8%. This means that the industry has gained 97% over the past year. Looking forward, earnings are forecast to grow by 25% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 22 Jun 2026US$431.9bUS$180.4bUS$7.6b48.4x56.8x2.4x
Wed, 20 May 2026US$420.5bUS$179.6bUS$7.6b48.4x55.2x2.3x
Fri, 17 Apr 2026US$372.1bUS$172.5bUS$6.7b42x55.9x2.2x
Sun, 15 Mar 2026US$329.7bUS$173.7bUS$6.7b32.9x49.5x1.9x
Tue, 10 Feb 2026US$323.2bUS$166.1bUS$10.1b38.8x32.1x1.9x
Thu, 08 Jan 2026US$283.8bUS$165.7bUS$10.0b32.4x28.4x1.7x
Sat, 06 Dec 2025US$283.6bUS$165.4bUS$10.0b34.2x28.4x1.7x
Mon, 03 Nov 2025US$281.4bUS$163.6bUS$10.3b34.5x27.3x1.7x
Wed, 01 Oct 2025US$261.8bUS$160.0bUS$9.9b36.3x26.4x1.6x
Fri, 29 Aug 2025US$242.4bUS$157.7bUS$10.0b35.5x24.2x1.5x
Sun, 27 Jul 2025US$245.7bUS$153.6bUS$7.1b33.9x34.4x1.6x
Tue, 24 Jun 2025US$211.4bUS$153.2bUS$7.2b29.7x29.5x1.4x
Thu, 22 May 2025US$198.1bUS$153.1bUS$7.2b28.9x27.6x1.3x
Sat, 19 Apr 2025US$156.1bUS$149.6bUS$6.8b21.3x23x1x
Mon, 17 Mar 2025US$158.8bUS$149.6bUS$6.8b24.6x23.5x1.1x
Wed, 12 Feb 2025US$192.7bUS$146.6bUS$4.0b31.6x47.8x1.3x
Fri, 10 Jan 2025US$190.0bUS$146.2bUS$3.9b32.3x48.4x1.3x
Sun, 08 Dec 2024US$205.0bUS$146.2bUS$3.9b32.6x52.2x1.4x
Tue, 05 Nov 2024US$182.5bUS$149.5bUS$4.4b31.4x41.8x1.2x
Thu, 03 Oct 2024US$178.0bUS$144.7bUS$4.0b31.7x44.8x1.2x
Sat, 31 Aug 2024US$165.3bUS$144.7bUS$4.0b28x41.5x1.1x
Mon, 29 Jul 2024US$162.0bUS$142.9bUS$3.6b25.8x44.8x1.1x
Wed, 26 Jun 2024US$162.3bUS$141.8bUS$3.4b25.2x47.1x1.1x
Fri, 24 May 2024US$162.5bUS$141.8bUS$3.4b25.7x47.2x1.1x
Sun, 21 Apr 2024US$144.8bUS$139.2bUS$3.3b23.8x43.9x1x
Tue, 19 Mar 2024US$144.8bUS$136.3bUS$3.5b24.6x41.8x1.1x
Thu, 15 Feb 2024US$127.3bUS$132.9bUS$3.6b26.5x35.1x1x
Sat, 13 Jan 2024US$122.3bUS$135.2bUS$3.6b23.1x34.2x0.9x
Mon, 11 Dec 2023US$119.6bUS$135.2bUS$3.6b22.8x33.6x0.9x
Wed, 08 Nov 2023US$106.7bUS$134.3bUS$3.6b19.2x29.4x0.8x
Fri, 06 Oct 2023US$108.4bUS$130.5bUS$3.4b19.8x32.3x0.8x
Sun, 03 Sep 2023US$124.3bUS$130.4bUS$3.4b22x37.1x1x
Tue, 01 Aug 2023US$123.0bUS$127.5bUS$3.3b20.2x37.3x1x
Thu, 29 Jun 2023US$117.4bUS$126.6bUS$3.2b19.6x36.3x0.9x
Price to Earnings Ratio

36.3x


Total Market Cap: US$117.4bTotal Earnings: US$3.2bTotal Revenue: US$126.6bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Construction Industry Price to Earnings3Y Average 38x202420252026
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 38.0x.
  • 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

PWR
US$702.25
Quanta Services
7D
-0.8%
1Y
94.6%
AGX
US$738.85
Argan
7D
15.1%
1Y
263.3%
ROAD
US$122.78
Construction Partners
7D
7.8%
1Y
20.0%
Analysis Article • 12h

Construction Partners (ROAD) Stock Could Be 18.1% Undervalued After Credit Refinancing

Construction Partners (ROAD) has reshaped its balance sheet with two recent credit amendments that refinance existing term loans, add $300 million of new Term Loan B funding, and lift revolving credit capacity to $700 million. See our latest analysis for Construction Partners. The recent refinancing and expanded credit lines come against a backdrop of firm share price momentum for Construction Partners, with a 30-day share price return of 8.79% and a 1-year total shareholder return of 19.97%...
DY
US$456.65
Dycom Industries
7D
-2.6%
1Y
95.1%
Analysis Article • Jun 20

Dycom Industries (DY) Stock Could Be 28.3% Undervalued on Its Fiber And Data Center Narrative

Dycom Industries (DY) has drawn investor interest after recent share price moves, with the stock last closing at US$456.65 and the company reporting revenue of US$6.25b and net income of US$311.43m. See our latest analysis for Dycom Industries. Despite a small 1-day share price decline of 1.03% and a 7-day share price fall of 2.63%, Dycom Industries still shows strong momentum, with a 90-day share price return of 35.75% and a 1-year total shareholder return of 95.15%. These figures frame a...
ECG
US$157.71
Everus Construction Group
7D
6.0%
1Y
166.5%
Analysis Article • Jun 20

Everus Construction Group (ECG) Stock Could Be 1.4% Undervalued After Record Backlog And AI Demand

Everus Construction Group (ECG) is back in focus after positive investor commentary highlighted its record year-end backlog, profit and revenue that topped expectations for 2025, and supportive management guidance tied to AI driven data center and utility projects. See our latest analysis for Everus Construction Group. That backdrop has coincided with a strong move in Everus Construction Group’s stock, with the 90 day share price return of 42.15% and a year to date share price return of...
FIX
US$1,967.41
Comfort Systems USA
7D
4.8%
1Y
293.5%
Analysis Article • Jun 20

Comfort Systems USA (FIX) Stock Could Be 17% Below Fair Value After AI Data Center Demand

Comfort Systems USA (FIX) is back in focus after management highlighted strong demand for mechanical and HVAC work on AI data centers and semiconductor projects, along with higher revenue, backlog, and expanded modular capacity. See our latest analysis for Comfort Systems USA. Comfort Systems USA’s recent AI data center headlines come on top of strong price momentum, with a 90 day share price return of 45.01% and a year to date share price return of 96.03%. The very large 5 year total...
FLR
US$53.66
Fluor
7D
5.7%
1Y
8.1%
Analysis Article • Jun 20

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.
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...
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.
CTRI
US$29.77
Centuri Holdings
7D
-1.9%
1Y
45.7%