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U.S. Construction Industry Analysis

UpdatedJun 05, 2026
DataAggregated Company Financials
Companies66
  • 7D1.3%
  • 3M34.1%
  • 1Y100.2%
  • YTD53.4%

In the last week, the Construction industry is up 1.3%, with Sterling Infrastructure up 18%. This means that the industry has gained 100% over the past year. As for the next few years, earnings are expected to grow by 24% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 05 Jun 2026US$429.1bUS$180.3bUS$7.7b48.7x56.1x2.4x
Sun, 03 May 2026US$434.2bUS$177.7bUS$7.1b46.3x60.9x2.4x
Tue, 31 Mar 2026US$333.8bUS$173.4bUS$6.7b33.6x49.5x1.9x
Thu, 26 Feb 2026US$358.4bUS$170.9bUS$6.3b35.8x56.8x2.1x
Sat, 24 Jan 2026US$303.9bUS$165.7bUS$10.0b37.1x30.4x1.8x
Mon, 22 Dec 2025US$271.1bUS$165.7bUS$10.0b32x27.1x1.6x
Wed, 19 Nov 2025US$265.6bUS$164.7bUS$9.9b32.5x26.9x1.6x
Fri, 17 Oct 2025US$273.4bUS$160.0bUS$9.9b36.5x27.6x1.7x
Sun, 14 Sep 2025US$249.2bUS$160.0bUS$10.0b35.3x25x1.6x
Tue, 12 Aug 2025US$239.3bUS$157.4bUS$9.9b33.8x24.1x1.5x
Thu, 10 Jul 2025US$220.2bUS$153.2bUS$7.2b33.2x30.7x1.4x
Sat, 07 Jun 2025US$207.2bUS$153.2bUS$7.2b32.5x28.8x1.4x
Mon, 05 May 2025US$181.8bUS$152.2bUS$7.0b24.3x25.8x1.2x
Wed, 02 Apr 2025US$152.5bUS$149.6bUS$6.8b22.5x22.5x1x
Fri, 28 Feb 2025US$169.0bUS$149.2bUS$6.7b24.4x25.1x1.1x
Sun, 26 Jan 2025US$211.5bUS$146.3bUS$3.9b36.1x53.8x1.4x
Tue, 24 Dec 2024US$191.2bUS$146.2bUS$3.9b29.1x48.7x1.3x
Thu, 21 Nov 2024US$200.2bUS$145.7bUS$3.9b34.7x51.5x1.4x
Sat, 19 Oct 2024US$188.0bUS$144.7bUS$4.0b35.1x47.3x1.3x
Mon, 16 Sep 2024US$166.2bUS$144.8bUS$4.0b29x41.8x1.1x
Wed, 14 Aug 2024US$156.1bUS$145.1bUS$3.9b26x39.5x1.1x
Fri, 12 Jul 2024US$155.4bUS$141.8bUS$3.4b25.3x45.1x1.1x
Sun, 09 Jun 2024US$159.1bUS$141.8bUS$3.4b25x46.2x1.1x
Tue, 07 May 2024US$158.9bUS$141.1bUS$3.4b25.5x46.7x1.1x
Thu, 04 Apr 2024US$154.3bUS$136.2bUS$3.5b24.8x44.6x1.1x
Sat, 02 Mar 2024US$140.2bUS$135.9bUS$3.5b26.7x39.9x1x
Mon, 29 Jan 2024US$121.6bUS$135.2bUS$3.6b24.4x34x0.9x
Wed, 27 Dec 2023US$126.8bUS$135.1bUS$3.6b25.6x35.5x0.9x
Fri, 24 Nov 2023US$113.1bUS$135.0bUS$3.5b22.7x32x0.8x
Sun, 22 Oct 2023US$104.3bUS$130.5bUS$3.4b19.2x31.1x0.8x
Tue, 19 Sep 2023US$118.1bUS$130.5bUS$3.4b21.1x35.2x0.9x
Thu, 17 Aug 2023US$119.9bUS$130.7bUS$3.3b21.1x36.1x0.9x
Sat, 15 Jul 2023US$119.5bUS$126.6bUS$3.2b20.3x37x0.9x
Mon, 12 Jun 2023US$113.9bUS$126.6bUS$3.2b19.3x35.3x0.9x
Price to Earnings Ratio

35.3x


Total Market Cap: US$113.9bTotal Earnings: US$3.2bTotal Revenue: US$126.6bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Construction Industry Price to Earnings3Y Average 37.7x202420252026
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 56.1x which is higher than its 3-year average PE of 37.7x.
  • 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 Market-0.11%
Industrials-2.16%
Construction1.29%
Construction and Engineering1.29%
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
STRL Sterling InfrastructureUS$993.7417.9%
+US$4.6b		409.0%PE88x
FIX Comfort Systems USAUS$1.91k3.2%
+US$2.1b		283.6%PE55x
IESC IES HoldingsUS$742.096.2%
+US$859.3m		174.0%PE39.1x
FLR FluorUS$50.417.3%
+US$480.5m		17.4%PE20.1x
LGN LegenceUS$88.906.8%
+US$433.5m		n/aPE1946.3x

Latest News

MTZ
US$374.73
MasTec
7D
-2.2%
1Y
134.9%
FIX
US$1,914.65
Comfort Systems USA
7D
3.2%
1Y
283.6%
DY
US$488.57
Dycom Industries
7D
-8.7%
1Y
105.5%
STRL
US$993.74
Sterling Infrastructure
7D
17.9%
1Y
409.0%
MYRG
US$451.40
MYR Group
7D
-5.7%
1Y
174.4%
ACA
US$124.04
Arcosa
7D
-2.4%
1Y
39.5%
Narrative Update • Jun 03

ACA: Stronger Margins And Completed Buyback Will Support Bullish 2026 Outlook

Analysts have lifted their price target for Arcosa from $128.40 to $146.00, citing updated expectations for fair value, a higher discount rate, softer revenue growth, a stronger profit margin outlook, and a slightly lower forward P/E assumption. What's in the News Arcosa completed a share repurchase of 159,595 shares, representing 0.33% of the company, for US$17.23 million under the buyback announced on December 12, 2024.
EME
US$845.43
EMCOR Group
7D
-0.4%
1Y
74.7%
LGN
US$88.90
Legence
7D
6.8%
1Y
n/a
New Narrative • Jun 02

Modular Fabrication And Data Center Demand Will Drive Balanced But Limited Upside Potential

Catalysts About Legence Legence provides engineering, installation, maintenance and fabrication services for mission critical building systems across sectors such as data centers, technology, healthcare, education and government. What are the underlying business or industry changes driving this perspective?
PWR
US$719.17
Quanta Services
7D
-1.5%
1Y
100.0%
Narrative Update • Jun 02

PWR: Power Supercycle And AI Grid Demand Will Test Premium Backlog Visibility

Analysts have lifted the Quanta Services fair value estimate from $593.30 to $761.35. This reflects updated assumptions for slightly higher revenue growth, modestly stronger profit margins, a higher future P/E, and supportive research that cites the company’s exposure to power generation, grid modernization, and infrastructure supporting electrification and AI demand.
AMRC
US$32.73
Ameresco
7D
-10.5%
1Y
120.4%
Narrative Update • Jun 02

AMRC: Neogenyx Earnings Translation And Cash Flow Strains Will Pressure 2026 Outlook

Ameresco's analyst price targets have moved in a mixed but generally higher range, with recent revisions stretching from $28 to $47 as analysts factor in accounting driven EPS and EBITDA changes, management's reiterated operating outlook, and updated guidance tied to the Neogenyx joint venture and long term project pipeline. Analyst Commentary Recent research shows a split view on Ameresco, with some firms lifting price targets on the back of reported Q4 results, updated 2026 guidance, and the Neogenyx joint venture, while others are more reserved.
FLR
US$50.41
Fluor
7D
7.3%
1Y
17.4%
Narrative Update • Jun 02

FLR: Backlog Strength And Nuclear Pipeline Will Offset Near Term Setbacks

Analysts now mark Fluor's fair value at $50.69, down from $53.50, reflecting updated assumptions on discount rate, growth, margins, and future P/E after mixed recalibrations to Street price targets, including recent moves from Baird and Citi. Analyst Commentary Recent research pieces on Fluor point to a split view, with some analysts focusing on execution and earnings power, and others stressing valuation risk and project uncertainty.
VMI
US$544.88
Valmont Industries
7D
3.8%
1Y
69.1%
APG
US$42.40
APi Group
7D
2.0%
1Y
32.8%
Narrative Update • May 30

APG: Recurring Services And Higher Margins Will Support Measured Future Upside

APi Group’s analyst price target moves from $52 to $53.20, with analysts pointing to updated assumptions around profit margins, discount rates, and future P/E multiples as key drivers of the change. Analyst Commentary Recent Street research on APi Group points to a cluster of modest price target increases, with several bullish analysts adjusting their models by US$1 to US$2.
IESC
US$742.09
IES Holdings
7D
6.2%
1Y
174.0%
ROAD
US$112.93
Construction Partners
7D
-6.0%
1Y
4.4%
JLHL
US$36.25
Julong Holding
7D
57.6%
1Y
n/a