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

U.S. Construction Industry Analysis

UpdatedSep 07, 2025
DataAggregated Company Financials
Companies66
  • 7D-0.4%
  • 3M13.6%
  • 1Y61.4%
  • YTD28.3%

The Construction industry has stayed flat over the last week. As for the the longer term, the industry is up 61% over the past 12 months. Looking forward, earnings are forecast to grow by 19% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 08 Sep 2025US$242.6bUS$157.7bUS$10.0b35.7x24.2x1.5x
Wed, 06 Aug 2025US$234.8bUS$156.7bUS$9.8b33.4x23.9x1.5x
Fri, 04 Jul 2025US$224.8bUS$153.2bUS$7.2b32.6x31.4x1.5x
Sun, 01 Jun 2025US$199.7bUS$153.2bUS$7.2b31.6x27.8x1.3x
Tue, 29 Apr 2025US$167.2bUS$149.9bUS$6.9b22x24.4x1.1x
Thu, 27 Mar 2025US$165.8bUS$149.6bUS$6.8b23.5x24.5x1.1x
Sat, 22 Feb 2025US$167.3bUS$148.5bUS$6.1b27.4x27.3x1.1x
Mon, 20 Jan 2025US$202.5bUS$146.2bUS$3.9b36.4x51.6x1.4x
Wed, 18 Dec 2024US$199.5bUS$146.2bUS$3.9b29.8x50.8x1.4x
Fri, 15 Nov 2024US$196.9bUS$145.5bUS$3.7b33.5x52.6x1.4x
Sun, 13 Oct 2024US$184.6bUS$144.7bUS$4.0b34.6x46.4x1.3x
Tue, 10 Sep 2024US$153.9bUS$144.8bUS$4.0b27.3x38.6x1.1x
Thu, 08 Aug 2024US$153.0bUS$145.1bUS$4.1b24.7x37.7x1.1x
Sat, 06 Jul 2024US$155.8bUS$141.8bUS$3.4b24.5x45.3x1.1x
Mon, 03 Jun 2024US$164.0bUS$141.8bUS$3.4b25.3x47.7x1.2x
Wed, 01 May 2024US$151.2bUS$140.4bUS$3.5b24.7x43.2x1.1x
Fri, 29 Mar 2024US$153.4bUS$136.2bUS$3.5b25.8x44.3x1.1x
Sun, 25 Feb 2024US$134.9bUS$134.8bUS$3.6b25.8x37.5x1x
Tue, 23 Jan 2024US$122.3bUS$135.2bUS$3.6b23.6x34.2x0.9x
Thu, 21 Dec 2023US$127.6bUS$135.1bUS$3.6b24.9x35.7x0.9x
Sat, 18 Nov 2023US$112.1bUS$134.9bUS$3.5b22.3x32x0.8x
Mon, 16 Oct 2023US$108.4bUS$130.5bUS$3.4b19.8x32.3x0.8x
Wed, 13 Sep 2023US$120.2bUS$130.5bUS$3.4b21.4x35.9x0.9x
Fri, 11 Aug 2023US$121.1bUS$130.8bUS$3.3b21.4x36.7x0.9x
Sun, 09 Jul 2023US$117.7bUS$126.6bUS$3.2b19.8x36.4x0.9x
Tue, 06 Jun 2023US$110.9bUS$126.6bUS$3.2b18.9x34.3x0.9x
Thu, 04 May 2023US$106.7bUS$123.4bUS$3.3b23.4x32.6x0.9x
Sat, 01 Apr 2023US$109.6bUS$122.8bUS$3.2b25.2x33.9x0.9x
Mon, 27 Feb 2023US$111.4bUS$121.9bUS$3.1b22.2x35.7x0.9x
Wed, 25 Jan 2023US$106.8bUS$115.2bUS$2.8b24x37.5x0.9x
Fri, 23 Dec 2022US$103.7bUS$115.9bUS$2.9b22.9x35.7x0.9x
Sun, 20 Nov 2022US$107.1bUS$115.5bUS$2.9b24.6x37.2x0.9x
Tue, 18 Oct 2022US$90.2bUS$111.5bUS$2.8b25.9x32.5x0.8x
Thu, 15 Sep 2022US$97.2bUS$111.4bUS$2.8b27x35.3x0.9x
Price to Earnings Ratio

35.3x


Total Market Cap: US$97.2bTotal Earnings: US$2.8bTotal Revenue: US$111.4bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Construction Industry Price to Earnings3Y Average 36.8x202320242025
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 24.2x which is lower than its 3-year average PE of 36.9x.
  • The 3-year average PS ratio of 1.1x is lower than the industry's current PS ratio of 1.5x.
Past Earnings Growth
  • The earnings for companies in the Construction industry have grown 54% per year over the last three years.
  • Revenues for these companies have grown 12% 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 Market0.43%
Industrials-0.34%
Construction-0.38%
Construction and Engineering-0.38%
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
EME EMCOR GroupUS$625.400.9%
+US$241.7m		77.2%PE25.3x
ACM AECOMUS$126.621.4%
+US$229.1m		34.6%PE24.9x
STRL Sterling InfrastructureUS$285.982.7%
+US$226.6m		162.1%PE30.5x
VMI Valmont IndustriesUS$377.912.9%
+US$213.0m		41.9%PE34.3x
TPC Tutor PeriniUS$62.636.3%
+US$194.6m		190.1%PS0.7x

Latest News

VMI
US$377.91
Valmont Industries
7D
2.9%
1Y
41.9%

With Valmont Industries, Inc. (NYSE:VMI) It Looks Like You'll Get What You Pay For

Sep 06
With Valmont Industries, Inc. (NYSE:VMI) It Looks Like You'll Get What You Pay For
AGX
US$211.51
Argan
7D
-7.3%
1Y
135.1%

Texas Gas And Illinois Solar Projects Will Expand Capacity

Analysts raised Argan’s price target to $230.33, citing stronger-than-expected Q2 margins, an improving operating environment, and supportive demand outlook. Analyst Commentary Better-than-expected Q2 margins delivered by the company.
MYRG
US$179.88
MYR Group
7D
-3.9%
1Y
103.0%

Utility Agreements And Grid Upgrades Will Boost Infrastructure Momentum

Despite MYR Group’s improving execution, margin outlook, and data center exposure, analysts believe much of the optimism is already priced in, resulting in an unchanged consensus price target of $209.60. Analyst Commentary Bullish analysts highlighted MYR Group's recovery from previous execution challenges, noting positive momentum and the potential for sustained high single-digit core growth across both operating segments.
ROAD
US$122.46
Construction Partners
7D
2.1%
1Y
114.4%

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
EME
US$625.40
EMCOR Group
7D
0.9%
1Y
77.2%

Rising Demand In Data Centers And Healthcare Will Expand Markets

Analysts remain bullish on EMCOR Group, citing strong execution, robust free cash flow from its asset-light model, multi-market growth catalysts, and solid Q2 results, with these positives underpinning the unchanged consensus price target of $681.67. Analyst Commentary Bullish analysts cite EMCOR’s consistent record of strong execution and proven capital deployment as drivers of upward price target revisions.
APG
US$34.96
APi Group
7D
-2.0%
1Y
59.8%

Infrastructure Modernization And Recurring Contracts Will Secure Resilient Future

Analysts maintained a cautious yet optimistic outlook for APi Group, citing sector multiple expansion, a recent stock split, and steady operating improvements, resulting in an unchanged consensus price target of $41.00. Analyst Commentary Bullish analysts increased price targets due to the adjustment for APi Group’s recent 3-2 stock split.
WSC
US$23.71
WillScot Holdings
7D
-2.2%
1Y
-34.6%
DY
US$248.34
Dycom Industries
7D
-1.6%
1Y
46.1%
STRL
US$285.98
Sterling Infrastructure
7D
2.7%
1Y
162.1%
PWR
US$372.50
Quanta Services
7D
-1.4%
1Y
50.3%
FIX
US$706.31
Comfort Systems USA
7D
0.4%
1Y
133.4%
TPC
US$62.63
Tutor Perini
7D
6.3%
1Y
190.1%
FLR
US$41.57
Fluor
7D
1.3%
1Y
-5.6%

Urban Solutions And LNG Canada Will Shape Outlook Amid Risks

Analysts remain divided on Fluor’s valuation: while some see further upside from its NuScale Power stake and supportive macro trends, others believe the benefits are fully priced in following a sharp share rally, resulting in the consensus analyst price target holding steady at $49.89. Analyst Commentary Bullish analysts see continued upside from Fluor’s valuation linked to its NuScale Power (SMR) stake, with upgraded price targets reflecting revised assessments after deeper analysis of this asset.
MTZ
US$178.00
MasTec
7D
-2.0%
1Y
83.0%

Market Participants Recognise MasTec, Inc.'s (NYSE:MTZ) Revenues

Aug 26
Market Participants Recognise MasTec, Inc.'s (NYSE:MTZ) Revenues
ECG
US$74.17
Everus Construction Group
7D
-5.4%
1Y
n/a
ACM
US$126.62
AECOM
7D
1.4%
1Y
34.6%

Government Infrastructure Spending And AI Will Shape Future Markets

With consensus forecasts for revenue growth and net profit margin remaining stable, analysts have kept AECOM’s fair value target unchanged at $131.09. What's in the News AECOM revised its 2025 GAAP EPS guidance to $5.08–$5.18, expecting GAAP net income of $750–$753 million and attributable net income of $675–$688 million.