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U.S. Construction Industry Analysis

UpdatedOct 05, 2025
DataAggregated Company Financials
Companies69
  • 7D1.7%
  • 3M16.7%
  • 1Y47.9%
  • YTD39.4%

The Construction industry is up 1.7% in the last week, with Quanta Services up 3.9%. In the same time, Masonglory was down 87%. This takes the industry's 12 month performance to a gain of 48%. Earnings are forecast to grow by 18% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 06 Oct 2025US$265.2bUS$160.0bUS$9.9b35.9x26.7x1.7x
Wed, 03 Sep 2025US$240.4bUS$157.7bUS$10.0b34.4x24x1.5x
Fri, 01 Aug 2025US$243.6bUS$153.7bUS$7.2b33.5x33.9x1.6x
Sun, 29 Jun 2025US$220.4bUS$153.2bUS$7.2b32.2x30.8x1.4x
Tue, 27 May 2025US$195.7bUS$153.2bUS$7.2b28.2x27.3x1.3x
Thu, 24 Apr 2025US$154.3bUS$149.6bUS$6.8b22.6x22.7x1x
Sat, 22 Mar 2025US$163.3bUS$149.6bUS$6.8b24.8x24.1x1.1x
Mon, 17 Feb 2025US$177.2bUS$146.8bUS$4.0b29.6x43.8x1.2x
Wed, 15 Jan 2025US$194.6bUS$146.2bUS$3.9b34.9x49.5x1.3x
Fri, 13 Dec 2024US$200.8bUS$146.2bUS$3.9b31x51.1x1.4x
Sun, 10 Nov 2024US$201.2bUS$145.6bUS$3.8b35x52.9x1.4x
Tue, 08 Oct 2024US$180.5bUS$144.7bUS$4.0b32.9x45.4x1.2x
Thu, 05 Sep 2024US$157.2bUS$144.7bUS$4.0b26.1x39.5x1.1x
Sat, 03 Aug 2024US$159.4bUS$143.7bUS$3.6b24.5x44.2x1.1x
Mon, 01 Jul 2024US$156.1bUS$141.8bUS$3.4b25.1x45.4x1.1x
Wed, 29 May 2024US$166.4bUS$141.8bUS$3.4b25.8x48.4x1.2x
Fri, 26 Apr 2024US$150.2bUS$139.7bUS$3.4b24x44.2x1.1x
Sun, 24 Mar 2024US$152.8bUS$136.3bUS$3.5b25.5x44.1x1.1x
Tue, 20 Feb 2024US$130.7bUS$132.9bUS$3.7b26.3x35.5x1x
Thu, 18 Jan 2024US$120.2bUS$135.2bUS$3.6b23.1x33.6x0.9x
Sat, 16 Dec 2023US$125.9bUS$135.2bUS$3.6b24.6x35.4x0.9x
Mon, 13 Nov 2023US$107.7bUS$134.5bUS$3.6b19.8x29.6x0.8x
Wed, 11 Oct 2023US$112.1bUS$130.5bUS$3.4b20.8x33.4x0.9x
Fri, 08 Sep 2023US$120.6bUS$130.5bUS$3.4b21.9x35.8x0.9x
Sun, 06 Aug 2023US$120.9bUS$129.9bUS$3.6b19.2x33.2x0.9x
Tue, 04 Jul 2023US$119.2bUS$126.6bUS$3.2b20x36.9x0.9x
Thu, 01 Jun 2023US$109.1bUS$126.5bUS$3.2b17.9x33.7x0.9x
Sat, 29 Apr 2023US$108.0bUS$123.7bUS$3.3b22.9x32.8x0.9x
Mon, 27 Mar 2023US$105.1bUS$122.8bUS$3.2b23x32.6x0.9x
Wed, 22 Feb 2023US$107.1bUS$119.3bUS$2.9b21x36.5x0.9x
Fri, 20 Jan 2023US$102.7bUS$115.1bUS$2.8b24x36.1x0.9x
Sun, 18 Dec 2022US$102.7bUS$115.9bUS$2.9b22.2x35.4x0.9x
Tue, 15 Nov 2022US$104.2bUS$115.6bUS$2.8b27.1x37.7x0.9x
Thu, 13 Oct 2022US$90.6bUS$111.5bUS$2.8b26.6x32.6x0.8x
Price to Earnings Ratio

32.6x


Total Market Cap: US$90.6bTotal Earnings: US$2.8bTotal Revenue: US$111.5bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Construction Industry Price to Earnings3Y Average 36.6x202320242025
Current Industry PE
  • Investors are pessimistic on the American Construction industry, indicating that they anticipate long term growth rates will be lower than they have historically.
  • The industry is trading at a PE ratio of 26.7x which is lower than its 3-year average PE of 36.6x.
  • The 3-year average PS ratio of 1.1x is lower than the industry's current PS ratio of 1.7x.
Past Earnings Growth
  • The earnings for companies in the Construction industry have grown 53% 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 Market1.20%
Industrials2.01%
Construction1.65%
Construction and Engineering1.65%
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$421.173.9%
+US$2.3b		37.8%PE64.6x
EME EMCOR GroupUS$654.412.2%
+US$619.5m		50.4%PE26.5x
MTZ MasTecUS$215.813.7%
+US$596.8m		69.8%PE63x
FIX Comfort Systems USAUS$818.011.7%
+US$480.5m		103.2%PE41.6x
STRL Sterling InfrastructureUS$349.302.1%
+US$218.7m		135.9%PE37.3x

Latest News

MTZ
US$215.81
MasTec
7D
3.7%
1Y
69.8%

Grid Modernization And Fiber Build-Out Will Empower Infrastructure Evolution

The analyst price target for MasTec has been raised by approximately $10 to reflect growing confidence in the company's improving business momentum and margin upside potential, according to analysts. Analyst Commentary Recent analyst activity around MasTec highlights a growing sense of optimism regarding the company’s business outlook, execution, and valuation potential.
EME
US$654.41
EMCOR Group
7D
2.2%
1Y
50.4%
AGX
US$262.26
Argan
7D
-1.7%
1Y
142.2%
PRIM
US$136.86
Primoris Services
7D
2.6%
1Y
129.2%

North American Renewables And Utilities Will Drive Future Demand

Analysts have raised their price target for Primoris Services from approximately $127.56 to $130.11. This change reflects improved growth prospects and sustained momentum across key business segments.
MSGY
US$2.51
Masonglory
7D
-87.3%
1Y
n/a
VMI
US$394.62
Valmont Industries
7D
2.5%
1Y
35.8%
WSC
US$21.69
WillScot Holdings
7D
5.5%
1Y
-42.3%
ACM
US$128.91
AECOM
7D
-0.3%
1Y
24.3%
STRL
US$349.30
Sterling Infrastructure
7D
2.1%
1Y
135.9%
PWR
US$421.17
Quanta Services
7D
3.9%
1Y
37.8%
TPC
US$62.41
Tutor Perini
7D
-3.5%
1Y
125.1%
FIX
US$818.01
Comfort Systems USA
7D
1.7%
1Y
103.2%

Modular Construction And Data Center Demand Will Drive Progress

Analysts raised their price target for Comfort Systems USA to $800.20, citing the company's strong positioning in U.S industrial reshoring trends, robust Q2 results, and improved revenue growth outlook for 2025. Analyst Commentary Bullish analysts highlight Comfort Systems USA's strategic position as a key beneficiary of the U.S. industrial reshoring policy, which is expected to drive sustained demand for skilled trades and services.
CTRI
US$20.30
Centuri Holdings
7D
-3.8%
1Y
27.4%
ROAD
US$125.64
Construction Partners
7D
-1.8%
1Y
83.5%

Construction Partners, Inc.'s (NASDAQ:ROAD) 25% Jump Shows Its Popularity With Investors

Sep 05
Construction Partners, Inc.'s (NASDAQ:ROAD) 25% Jump Shows Its Popularity With Investors
IESC
US$383.02
IES Holdings
7D
-2.5%
1Y
84.9%

We Think IES Holdings (NASDAQ:IESC) Can Manage Its Debt With Ease

Aug 27
We Think IES Holdings (NASDAQ:IESC) Can Manage Its Debt With Ease
ECG
US$80.07
Everus Construction Group
7D
-3.9%
1Y
n/a