Investing IdeasBrowse All StocksMarkets
Have your own idea? Try our Stock Screener
Header cover image

U.S. Construction Industry Analysis

UpdatedApr 30, 2026
DataAggregated Company Financials
Companies66
  • 7D-0.05%
  • 3M25.7%
  • 1Y121.3%
  • YTD37.8%

In the last week, the Construction industry is flat overall, with EMCOR Group standing out by going down 3.1%. The past year has been better, since the industry has gained 121% in that time. 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, 30 Apr 2026US$393.4bUS$173.6bUS$6.9b41.7x57.1x2.3x
Sat, 28 Mar 2026US$330.1bUS$173.2bUS$6.8b34x48.7x1.9x
Mon, 23 Feb 2026US$356.4bUS$170.3bUS$6.7b34.8x52.8x2.1x
Wed, 21 Jan 2026US$302.0bUS$165.7bUS$10.0b36.6x30.2x1.8x
Fri, 19 Dec 2025US$262.6bUS$165.7bUS$10.0b31.7x26.2x1.6x
Sun, 16 Nov 2025US$267.2bUS$164.7bUS$9.9b33.1x27x1.6x
Tue, 14 Oct 2025US$261.3bUS$160.0bUS$9.9b36.1x26.3x1.6x
Thu, 11 Sep 2025US$238.4bUS$157.8bUS$10.0b35.2x23.8x1.5x
Sat, 09 Aug 2025US$238.7bUS$157.4bUS$9.9b33.4x24x1.5x
Mon, 07 Jul 2025US$224.8bUS$153.2bUS$7.2b32.6x31.4x1.5x
Wed, 04 Jun 2025US$199.9bUS$153.2bUS$7.2b31.2x27.9x1.3x
Fri, 02 May 2025US$167.7bUS$150.4bUS$6.9b22.7x24.3x1.1x
Sun, 30 Mar 2025US$153.2bUS$149.6bUS$6.8b22.7x22.6x1x
Tue, 25 Feb 2025US$167.5bUS$148.5bUS$6.1b26x27.3x1.1x
Thu, 23 Jan 2025US$211.7bUS$146.2bUS$3.9b37.1x53.9x1.4x
Sat, 21 Dec 2024US$188.9bUS$146.2bUS$3.9b29.2x48.1x1.3x
Mon, 18 Nov 2024US$193.5bUS$145.5bUS$3.8b34.3x51.5x1.3x
Wed, 16 Oct 2024US$183.7bUS$144.7bUS$4.0b34.9x46.2x1.3x
Fri, 13 Sep 2024US$160.8bUS$144.8bUS$4.0b28.2x40.4x1.1x
Sun, 11 Aug 2024US$156.6bUS$145.1bUS$4.0b24.4x39.4x1.1x
Tue, 09 Jul 2024US$153.3bUS$141.8bUS$3.4b23.8x44.5x1.1x
Thu, 06 Jun 2024US$158.7bUS$141.8bUS$3.4b24.7x46.1x1.1x
Sat, 04 May 2024US$151.8bUS$141.1bUS$3.4b24.9x44.6x1.1x
Mon, 01 Apr 2024US$153.7bUS$136.2bUS$3.5b25.8x44.4x1.1x
Wed, 28 Feb 2024US$135.6bUS$135.0bUS$3.6b26.8x37.5x1x
Fri, 26 Jan 2024US$119.2bUS$135.2bUS$3.6b23.6x33.4x0.9x
Sun, 24 Dec 2023US$126.8bUS$135.1bUS$3.6b25.4x35.5x0.9x
Tue, 21 Nov 2023US$113.0bUS$134.9bUS$3.5b22.3x32.2x0.8x
Thu, 19 Oct 2023US$107.4bUS$130.5bUS$3.4b19.7x32x0.8x
Sat, 16 Sep 2023US$117.6bUS$130.5bUS$3.4b21.1x35.1x0.9x
Mon, 14 Aug 2023US$121.1bUS$130.7bUS$3.4b21.5x36.1x0.9x
Wed, 12 Jul 2023US$120.5bUS$126.6bUS$3.2b20.3x37.3x1x
Fri, 09 Jun 2023US$114.4bUS$126.6bUS$3.2b19.6x35.3x0.9x
Sun, 07 May 2023US$108.3bUS$125.5bUS$3.1b22.6x35x0.9x
Price to Earnings Ratio

35x


Total Market Cap: US$108.3bTotal Earnings: US$3.1bTotal Revenue: US$125.5bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Construction Industry Price to Earnings3Y Average 36.9x202420252026
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 57.1x which is higher than its 3-year average PE of 36.9x.
  • 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 31% per year over the last three years.
  • Revenues for these companies have grown 11% 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-0.18%
Industrials-1.13%
Construction-0.048%
Construction and Engineering-0.048%
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$628.602.4%
+US$2.2b		114.8%PE91.7x
FLR FluorUS$51.768.1%
+US$556.7m		48.4%PS0.5x
VMI Valmont IndustriesUS$491.685.3%
+US$487.3m		67.7%PE27x
CTRI Centuri HoldingsUS$35.185.2%
+US$174.5m		95.9%PE158.4x
LGN LegenceUS$80.741.8%
+US$98.3m		n/aPS2.1x

Latest News

JLHL
US$13.96
Julong Holding
7D
46.0%
1Y
n/a
EME
US$833.37
EMCOR Group
7D
-3.1%
1Y
108.0%
VMI
US$491.68
Valmont Industries
7D
5.3%
1Y
67.7%
FLR
US$51.76
Fluor
7D
8.1%
1Y
48.4%

Fluor Corporation Positioned For Robust Growth In 2026

Apr 29
IESC
US$572.01
IES Holdings
7D
-2.4%
1Y
170.2%

At US$601, Is IES Holdings, Inc. (NASDAQ:IESC) Worth Looking At Closely?

Apr 29
At US$601, Is IES Holdings, Inc. (NASDAQ:IESC) Worth Looking At Closely?
TPC
US$86.04
Tutor Perini
7D
2.2%
1Y
300.9%
STRL
US$469.75
Sterling Infrastructure
7D
-3.7%
1Y
214.4%

STRL: Data Center Backlog And Short Seller Clash Will Shape 2026 Path

Analysts have lifted the consolidated price target for Sterling Infrastructure to about $510, citing higher assumed revenue growth, a slightly richer future P/E near 39x, and continued confidence in long term demand visibility and mission critical project backlogs highlighted in recent research. Analyst Commentary Bullish Takeaways Bullish analysts are emphasizing CEO and CFO commentary that quarterly book-to-bill ratios and short-term margin swings can understate what they see as durable mission-critical demand, which they argue supports the use of a richer forward P/E.
MTZ
US$370.55
MasTec
7D
-1.6%
1Y
191.0%

MTZ: Elevated Multiples And Backlog Execution Will Drive Future Downside Risk

MasTec's analyst price target has been raised from about $178 to roughly $266. Analysts are factoring in higher modeled revenue growth, a lower discount rate, and a richer future P/E multiple supported by recent research highlighting cross segment growth, margin progress, and a growing backlog tied to data centers, renewables, power delivery, and pipeline projects.
DY
US$390.31
Dycom Industries
7D
-4.3%
1Y
133.0%

DY: New Training Campus And Buybacks Will Support Future Cash Generation

Analysts have maintained their fair value estimate for Dycom Industries at about $468 per share, making only minor adjustments to inputs such as the discount rate, revenue growth, profit margin and future P/E. These changes reflect a small refinement rather than a major reset in their price target rationale.
AGX
US$630.07
Argan
7D
-3.3%
1Y
311.5%

AGX: AI Power Demand Tailwinds Will Likely Overpromise Versus Execution

Narrative Update Analysts have lifted their average Argan price target by roughly $170, pointing to recent target hikes from Lake Street and Goldman Sachs and citing renewed interest following JPMorgan's upgrade and expectations that growing AI and data center power demand could support the company's project pipeline. Analyst Commentary Recent research coverage on Argan highlights both optimism and caution, with price target changes and rating moves framing how different analysts are weighing the stock's risk and reward trade off.
ROAD
US$115.35
Construction Partners
7D
-5.2%
1Y
32.8%

ROAD: Q1 Execution And Buybacks Will Support Future Compounding Earnings Power

Narrative Update on Construction Partners The analyst price target for Construction Partners has shifted to $142.00. Analysts are pointing to recent target hikes from firms and supportive commentary around the company's fiscal Q1 performance as reasons for refining their assumptions on discount rate, revenue growth, profit margin, and future P/E.
PRIM
US$166.07
Primoris Services
7D
-3.2%
1Y
176.9%
CTRI
US$35.18
Centuri Holdings
7D
5.2%
1Y
95.9%
PWR
US$628.60
Quanta Services
7D
2.4%
1Y
114.8%

PWR: Power Supercycle And Backlog Visibility Will Shape Balanced Outlook

Analysts have lifted the Quanta Services fair value estimate from $479.09 to $593.30. This reflects updated assumptions for slightly faster revenue growth, modestly higher profit margins, and a higher future P/E multiple following a series of upward price target revisions tied to recent Q4 results and multi year growth opportunities in power infrastructure and related acquisitions.
MWH
US$37.53
SOLV Energy
7D
2.3%
1Y
n/a
LGN
US$80.74
Legence
7D
1.8%
1Y
n/a