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U.S. Construction Industry Analysis

UpdatedJul 11, 2026
DataAggregated Company Financials
Companies67
  • 7D-1.8%
  • 3M7.1%
  • 1Y68.9%
  • YTD38.8%

Over the last 7 days, the Construction industry has dropped 1.8%, driven by a pullback from Quanta Services of 1.5%. In the past year, the industry has gained 69%. 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
Sat, 11 Jul 2026US$400.3bUS$180.4bUS$7.7b42.1x52.1x2.2x
Mon, 08 Jun 2026US$419.4bUS$180.4bUS$7.7b47.5x54.6x2.3x
Wed, 06 May 2026US$437.8bUS$177.9bUS$7.2b48.2x61.1x2.5x
Fri, 03 Apr 2026US$344.4bUS$172.5bUS$6.7b34.8x51.7x2x
Sun, 01 Mar 2026US$350.3bUS$173.3bUS$6.7b32.1x52.3x2x
Tue, 27 Jan 2026US$300.5bUS$165.7bUS$10.0b37.6x30x1.8x
Thu, 25 Dec 2025US$275.2bUS$165.7bUS$10.0b30.2x27.5x1.7x
Sat, 22 Nov 2025US$258.0bUS$165.3bUS$9.9b31.2x26x1.6x
Mon, 20 Oct 2025US$269.5bUS$160.0bUS$9.9b35.9x27.2x1.7x
Wed, 17 Sep 2025US$252.0bUS$160.0bUS$10.0b34.9x25.3x1.6x
Fri, 15 Aug 2025US$241.3bUS$157.6bUS$10.0b33.7x24.2x1.5x
Sun, 13 Jul 2025US$224.4bUS$153.2bUS$7.2b33.2x31.3x1.5x
Tue, 10 Jun 2025US$210.1bUS$153.2bUS$7.2b29.7x29.3x1.4x
Thu, 08 May 2025US$182.1bUS$152.5bUS$7.1b26.1x25.5x1.2x
Sat, 05 Apr 2025US$148.4bUS$149.6bUS$6.8b20.2x21.9x1x
Mon, 03 Mar 2025US$165.6bUS$149.6bUS$6.7b26.8x24.6x1.1x
Wed, 29 Jan 2025US$180.9bUS$146.3bUS$3.9b31.2x46x1.2x
Fri, 27 Dec 2024US$191.8bUS$146.2bUS$3.9b33.3x48.9x1.3x
Sun, 24 Nov 2024US$204.6bUS$146.1bUS$3.9b36.8x52.4x1.4x
Tue, 22 Oct 2024US$188.4bUS$144.7bUS$4.0b35.5x47.4x1.3x
Thu, 19 Sep 2024US$169.1bUS$144.8bUS$4.0b29.7x42.5x1.2x
Sat, 17 Aug 2024US$162.1bUS$145.1bUS$3.9b25.6x41.1x1.1x
Mon, 15 Jul 2024US$162.2bUS$141.8bUS$3.4b26.3x47.1x1.1x
Wed, 12 Jun 2024US$160.6bUS$141.8bUS$3.4b24.8x46.6x1.1x
Fri, 10 May 2024US$160.1bUS$141.8bUS$3.5b25.8x46.2x1.1x
Sun, 07 Apr 2024US$154.7bUS$136.2bUS$3.5b25.2x44.7x1.1x
Tue, 05 Mar 2024US$144.5bUS$136.2bUS$3.5b26.5x41.2x1.1x
Thu, 01 Feb 2024US$123.8bUS$135.2bUS$3.6b24.5x34.6x0.9x
Sat, 30 Dec 2023US$127.9bUS$135.1bUS$3.6b25.5x35.8x0.9x
Mon, 27 Nov 2023US$114.1bUS$135.0bUS$3.5b21.8x32.4x0.8x
Wed, 25 Oct 2023US$104.2bUS$130.5bUS$3.4b19.3x31x0.8x
Fri, 22 Sep 2023US$113.9bUS$130.5bUS$3.4b20.2x34x0.9x
Sun, 20 Aug 2023US$119.9bUS$130.4bUS$3.3b20.9x36x0.9x
Tue, 18 Jul 2023US$119.5bUS$126.6bUS$3.2b20.5x37x0.9x
Price to Earnings Ratio

37x


Total Market Cap: US$119.5bTotal Earnings: US$3.2bTotal Revenue: US$126.6bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Construction Industry Price to Earnings3Y Average 38.3x202420252026
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 52.1x which is higher than its 3-year average PE of 38.3x.
  • The 3-year average PS ratio of 1.4x is lower than the industry's current PS ratio of 2.2x.
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 Market0.74%
Industrials-1.44%
Construction-1.78%
Construction and Engineering-1.78%
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$1.76k0.8%
+US$519.8m		225.5%PE50.4x
EME EMCOR GroupUS$781.780.9%
+US$316.4m		41.1%PE26x
FLR FluorUS$50.742.6%
+US$180.2m		-2.9%PE20.2x
JLHL Julong HoldingUS$11.7360.0%
+US$94.4m		182.0%PE65.2x
PHOE Phoenix Asia HoldingsUS$21.6021.3%
+US$82.1m		159.9%PE786.5x

Latest News

STRL
US$682.29
Sterling Infrastructure
7D
-2.6%
1Y
182.2%
PWR
US$658.56
Quanta Services
7D
-1.5%
1Y
71.6%
GVA
US$122.46
Granite Construction
7D
-16.1%
1Y
30.6%
ACM
US$68.25
AECOM
7D
0.8%
1Y
-40.4%
Narrative Update • Jul 10

ACM: Expanded UK Framework Role Will Support Future Infrastructure Upside

Analysts have revised their fair value estimate for AECOM to $90.00 from $101.00, citing updated assumptions for revenue growth, profit margins, discount rate, and future P/E that reflect a more balanced view of the stock’s risk and return profile. What’s in the News for AECOM AECOM was selected as Lead Designer for the Alexandra Bridge replacement project in Ottawa, providing integrated environmental, architectural, engineering, traffic management, utility coordination, and public consultation services for a modern crossing focused on long term mobility and accessibility.
AGX
US$630.32
Argan
7D
-10.7%
1Y
197.0%
Seeking Alpha • Jul 09

Argan: Growth Outlook Remains Solid

Summary Argan, Inc. remains a buy as growth drivers broaden beyond gas-fired power into industrial/data-center opportunities, supported by a robust balance sheet. AGX's backlog is anchored by over 4.1 GW of U.S. gas-fired projects, with industrial/data-center work providing a second growth lever and risk diversification. Despite a premium valuation at ~34x NTM EBITDA, AGX's earnings are positioned to ramp significantly by FY30, potentially justifying the current multiple. Key risks include project award delays or margin normalization, which could trigger a rapid derating given the stock's elevated valuation. Read the full article on Seeking Alpha
DY
US$425.72
Dycom Industries
7D
-2.8%
1Y
68.7%
FLR
US$50.74
Fluor
7D
2.6%
1Y
-2.9%
IESC
US$625.54
IES Holdings
7D
-4.4%
1Y
102.3%
ROAD
US$94.89
Construction Partners
7D
-12.1%
1Y
-9.8%
FIX
US$1,756.09
Comfort Systems USA
7D
0.8%
1Y
225.5%
JLHL
US$11.73
Julong Holding
7D
60.0%
1Y
182.0%
APG
US$41.36
APi Group
7D
-1.5%
1Y
20.2%
ENGS
US$2.91
Energys Group
7D
8.2%
1Y
37.9%
EME
US$781.78
EMCOR Group
7D
0.9%
1Y
41.1%
PMA
US$1.62
Ming Shing Group Holdings
7D
27.6%
1Y
-65.2%
PHOE
US$21.60
Phoenix Asia Holdings
7D
21.3%
1Y
159.9%