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U.S. Construction Industry Analysis

UpdatedAug 24, 2025
DataAggregated Company Financials
Companies67
  • 7D1.1%
  • 3M21.8%
  • 1Y46.7%
  • YTD28.0%

The Construction industry is up 1.1% in the last week, with Construction Partners up 12%. In the last 12 months, the industry was up 47%. 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
Sun, 24 Aug 2025US$239.1bUS$157.7bUS$10.0b32.4x23.9x1.5x
Tue, 22 Jul 2025US$230.5bUS$153.2bUS$7.2b33.4x32.2x1.5x
Thu, 19 Jun 2025US$208.3bUS$153.2bUS$7.2b29.5x29.1x1.4x
Sat, 17 May 2025US$196.7bUS$153.1bUS$7.2b30.1x27.4x1.3x
Mon, 14 Apr 2025US$156.9bUS$149.6bUS$6.8b23.5x23.1x1x
Wed, 12 Mar 2025US$148.5bUS$149.6bUS$6.8b22.6x22x1x
Fri, 07 Feb 2025US$186.5bUS$146.4bUS$4.0b35x46.1x1.3x
Sun, 05 Jan 2025US$193.4bUS$146.2bUS$3.9b30.6x49.2x1.3x
Tue, 03 Dec 2024US$207.4bUS$146.1bUS$3.9b36.7x53.1x1.4x
Thu, 31 Oct 2024US$188.3bUS$145.2bUS$4.2b32.8x45.3x1.3x
Sat, 28 Sep 2024US$177.8bUS$144.8bUS$4.0b31.4x44.7x1.2x
Mon, 26 Aug 2024US$166.3bUS$144.7bUS$4.0b27.7x41.8x1.1x
Wed, 24 Jul 2024US$164.7bUS$141.8bUS$3.4b27.5x47.8x1.2x
Fri, 21 Jun 2024US$164.6bUS$141.8bUS$3.4b24.8x47.8x1.2x
Sun, 19 May 2024US$159.1bUS$141.8bUS$3.4b25x46.1x1.1x
Tue, 16 Apr 2024US$149.0bUS$136.3bUS$3.5b24.3x43.1x1.1x
Thu, 14 Mar 2024US$144.7bUS$136.3bUS$3.5b25.2x41.8x1.1x
Sat, 10 Feb 2024US$129.6bUS$132.8bUS$3.6b25.6x35.8x1x
Mon, 08 Jan 2024US$120.6bUS$135.1bUS$3.6b24.1x33.8x0.9x
Wed, 06 Dec 2023US$117.9bUS$135.1bUS$3.5b22.7x33.3x0.9x
Fri, 03 Nov 2023US$103.6bUS$134.0bUS$3.5b20.2x29.7x0.8x
Sun, 01 Oct 2023US$113.5bUS$130.5bUS$3.4b20.5x33.8x0.9x
Tue, 29 Aug 2023US$120.4bUS$130.4bUS$3.4b21.4x35.9x0.9x
Thu, 27 Jul 2023US$122.0bUS$126.7bUS$3.2b21.1x38.4x1x
Sat, 24 Jun 2023US$114.6bUS$126.6bUS$3.2b19.3x35.5x0.9x
Mon, 22 May 2023US$109.3bUS$126.4bUS$3.2b20x34.1x0.9x
Wed, 19 Apr 2023US$106.1bUS$122.7bUS$3.2b21.8x32.8x0.9x
Fri, 17 Mar 2023US$106.0bUS$122.8bUS$3.2b23.1x32.9x0.9x
Sun, 12 Feb 2023US$106.7bUS$115.9bUS$2.8b20.9x37.5x0.9x
Tue, 10 Jan 2023US$101.0bUS$115.1bUS$2.8b23.8x35.5x0.9x
Thu, 08 Dec 2022US$105.7bUS$115.9bUS$2.9b21.7x36.3x0.9x
Sat, 05 Nov 2022US$102.8bUS$115.1bUS$2.8b26.2x37.1x0.9x
Mon, 03 Oct 2022US$88.9bUS$111.4bUS$2.8b25.9x32.3x0.8x
Wed, 31 Aug 2022US$96.9bUS$111.4bUS$2.8b28.1x35.1x0.9x
Price to Earnings Ratio

35.1x


Total Market Cap: US$96.9bTotal Earnings: US$2.8bTotal Revenue: US$111.4bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Construction Industry Price to Earnings3Y Average 37x202320242025
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 23.9x which is lower than its 3-year average PE of 37.0x.
  • 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 Market0.48%
Industrials1.99%
Construction1.11%
Construction and Engineering1.11%
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
ROAD Construction PartnersUS$120.6012.1%
+US$730.9m		86.5%PE90.8x
ACM AECOMUS$122.982.9%
+US$451.6m		25.3%PE24.1x
FIX Comfort Systems USAUS$689.481.3%
+US$303.4m		103.7%PE35.1x
EME EMCOR GroupUS$610.240.8%
+US$206.8m		59.6%PE24.7x
APG APi GroupUS$35.761.4%
+US$199.6m		50.0%PE105.5x

Latest News

WSC
US$24.92
WillScot Holdings
7D
3.1%
1Y
-36.0%
DY
US$257.42
Dycom Industries
7D
-4.4%
1Y
42.9%

Expanding AI Workloads And Broadband Stimulus Will Fuel Enduring Connectivity

Despite a moderation in Dycom Industries’ forecast revenue growth, analysts have raised their price target due to improving net profit margins, lifting the consensus fair value from $283.00 to $297.89. What's in the News Provided Q3 earnings guidance: contract revenues of $1.38–$1.43 billion and diluted EPS of $3.03–$3.36.
AGX
US$222.16
Argan
7D
-0.8%
1Y
191.1%
AMRC
US$24.36
Ameresco
7D
13.7%
1Y
-17.9%

Increasing Demand And Government Incentives Will Drive Energy Expansion

Ameresco’s analyst price target was raised to $27.11 as sector policy clarity from the "One Big Beautiful Bill Act" and an upcoming Executive Order drove improved sentiment despite lingering uncertainties, prompting a modest upward revision to fair value. Analyst Commentary Resolution of the "One Big Beautiful Bill Act" brings policy clarity to the sector.
FIX
US$689.48
Comfort Systems USA
7D
1.3%
1Y
103.7%

Comfort Systems USA, Inc. (NYSE:FIX) Stock Rockets 26% As Investors Are Less Pessimistic Than Expected

Aug 19
Comfort Systems USA, Inc. (NYSE:FIX) Stock Rockets 26% As Investors Are Less Pessimistic Than Expected
SLND
US$4.10
Southland Holdings
7D
-1.0%
1Y
-2.1%

Shands And RFK Bridge Projects Will Drive Future Progress

Despite a sharp rise in Southland Holdings’ future P/E and a substantial decline in net profit margin, the consensus analyst price target has been raised from $5.50 to $6.00. Valuation Changes Summary of Valuation Changes for Southland Holdings The Consensus Analyst Price Target has risen from $5.50 to $6.00.
MTZ
US$176.97
MasTec
7D
-0.5%
1Y
58.1%
FLR
US$41.55
Fluor
7D
-0.8%
1Y
-16.3%
MAGH
US$1.05
Magnitude International
7D
-29.1%
1Y
n/a
ROAD
US$120.60
Construction Partners
7D
12.1%
1Y
86.5%
CTRI
US$20.25
Centuri Holdings
7D
-0.6%
1Y
16.8%
APG
US$35.76
APi Group
7D
1.4%
1Y
50.0%
ACM
US$122.98
AECOM
7D
2.9%
1Y
25.3%

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.
PWR
US$379.84
Quanta Services
7D
-0.3%
1Y
39.0%
EME
US$610.24
EMCOR Group
7D
0.8%
1Y
59.6%

Earnings Beat: EMCOR Group, Inc. Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Models

Aug 02
Earnings Beat: EMCOR Group, Inc. Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Models
IESC
US$341.11
IES Holdings
7D
2.7%
1Y
77.3%