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U.S. Construction Industry Analysis

UpdatedJul 06, 2026
DataAggregated Company Financials
Companies68
  • 7D-5.7%
  • 3M17.0%
  • 1Y70.8%
  • YTD41.0%

Over the last 7 days, the Construction industry has dropped 5.7%, driven by pullbacks in Quanta Services and Comfort Systems USA of 5.7% and 8.0%, respectively. This takes the industry's 12 month performance to a gain of 71%. As for the next few years, earnings are expected to grow by 25% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 07 Jul 2026US$400.8bUS$180.4bUS$7.6b42.2x52.7x2.2x
Thu, 04 Jun 2026US$424.5bUS$180.3bUS$7.7b48.4x55.5x2.4x
Sat, 02 May 2026US$426.0bUS$177.7bUS$7.1b46.3x59.8x2.4x
Mon, 30 Mar 2026US$333.9bUS$173.4bUS$6.7b34x49.5x1.9x
Wed, 25 Feb 2026US$350.2bUS$170.4bUS$6.7b33.6x52x2.1x
Fri, 23 Jan 2026US$305.0bUS$165.7bUS$10.0b37.6x30.5x1.8x
Sun, 21 Dec 2025US$271.1bUS$165.7bUS$10.0b32x27.1x1.6x
Tue, 18 Nov 2025US$267.3bUS$164.7bUS$9.9b32.5x27.1x1.6x
Thu, 16 Oct 2025US$270.9bUS$160.0bUS$9.9b36.8x27.3x1.7x
Sat, 13 Sep 2025US$252.1bUS$160.0bUS$10.0b35.3x25.3x1.6x
Mon, 11 Aug 2025US$239.2bUS$157.4bUS$9.9b33.4x24.1x1.5x
Wed, 09 Jul 2025US$223.6bUS$153.2bUS$7.2b31.2x31.2x1.5x
Fri, 06 Jun 2025US$205.5bUS$153.2bUS$7.2b32x28.6x1.3x
Sun, 04 May 2025US$181.8bUS$152.2bUS$7.0b24.3x25.8x1.2x
Tue, 01 Apr 2025US$153.2bUS$149.6bUS$6.8b21.4x22.6x1x
Thu, 27 Feb 2025US$166.0bUS$149.4bUS$6.7b27.1x24.6x1.1x
Sat, 25 Jan 2025US$211.7bUS$146.3bUS$3.9b36.1x53.9x1.4x
Mon, 23 Dec 2024US$191.2bUS$146.2bUS$3.9b29.2x48.7x1.3x
Wed, 20 Nov 2024US$197.2bUS$145.7bUS$3.9b34.7x50.7x1.4x
Fri, 18 Oct 2024US$188.0bUS$144.7bUS$4.0b35.1x47.3x1.3x
Sun, 15 Sep 2024US$166.2bUS$144.8bUS$4.0b29x41.8x1.1x
Tue, 13 Aug 2024US$156.7bUS$145.1bUS$4.0b24.5x39.4x1.1x
Thu, 11 Jul 2024US$152.8bUS$141.8bUS$3.4b24.4x44.4x1.1x
Sat, 08 Jun 2024US$159.4bUS$141.8bUS$3.4b25x46.3x1.1x
Mon, 06 May 2024US$154.1bUS$141.1bUS$3.4b24.9x45.3x1.1x
Wed, 03 Apr 2024US$153.1bUS$136.2bUS$3.5b24.7x44.3x1.1x
Fri, 01 Mar 2024US$139.5bUS$135.9bUS$3.5b26.5x39.7x1x
Sun, 28 Jan 2024US$121.6bUS$135.2bUS$3.6b24.4x34x0.9x
Tue, 26 Dec 2023US$126.8bUS$135.1bUS$3.6b25.4x35.5x0.9x
Thu, 23 Nov 2023US$113.1bUS$135.0bUS$3.5b22.3x32x0.8x
Sat, 21 Oct 2023US$104.3bUS$130.5bUS$3.4b19.2x31.1x0.8x
Mon, 18 Sep 2023US$118.1bUS$130.5bUS$3.4b20.7x35.2x0.9x
Wed, 16 Aug 2023US$121.3bUS$130.7bUS$3.3b21.5x36.5x0.9x
Fri, 14 Jul 2023US$121.1bUS$126.6bUS$3.2b20.5x37.5x1x
Price to Earnings Ratio

37.5x


Total Market Cap: US$121.1bTotal Earnings: US$3.2bTotal Revenue: US$126.6bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Construction Industry Price to Earnings3Y Average 38.2x202420252026
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 52.7x which is higher than its 3-year average PE of 38.2x.
  • 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 Market1.63%
Industrials-0.14%
Construction-5.67%
Construction and Engineering-5.67%
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
APG APi GroupUS$42.834.4%
+US$788.5m		24.9%PS2.3x
PHOE Phoenix Asia HoldingsUS$19.5110.2%
+US$39.0m		119.2%PE710.4x
ACA ArcosaUS$145.380.5%
+US$37.3m		62.6%PE32.5x
AMRC AmerescoUS$27.051.8%
+US$25.4m		68.3%PE45.7x
LMB Limbach HoldingsUS$79.911.3%
+US$12.6m		-46.1%PE28.7x

Latest News

AMRC
US$27.05
Ameresco
7D
1.8%
1Y
68.3%
APG
US$42.83
APi Group
7D
4.4%
1Y
24.9%
EME
US$787.29
EMCOR Group
7D
-3.3%
1Y
42.8%
PWR
US$674.04
Quanta Services
7D
-5.7%
1Y
74.7%
OLOX
US$5.42
Olenox Industries
7D
2.8%
1Y
-98.6%
STRL
US$717.11
Sterling Infrastructure
7D
-11.9%
1Y
202.6%
AGX
US$725.23
Argan
7D
-8.4%
1Y
246.2%
Narrative Update • Jul 02

AGX: Backlog And New Fabrication Facility Will Drive Future Upside

Analysts have raised their fair value estimate for Argan to $860 from $550, reflecting updated assumptions around revenue growth, margins, valuation multiples, and recent Street research that cites a higher $600 price target based on Argan's market position and project pipeline. What's in the News for Argan Argan reported record Q1 fiscal 2027 revenue of $291 million and net income of $46.1 million, with adjusted EPS of $3.24 that was $0.91 above analyst estimates, supported by a project backlog of about $2.77 billion and a debt free balance sheet.
MTZ
US$380.63
MasTec
7D
-11.3%
1Y
121.3%
FIX
US$1,793.03
Comfort Systems USA
7D
-8.0%
1Y
231.1%
IESC
US$654.00
IES Holdings
7D
-9.5%
1Y
114.5%
DY
US$431.00
Dycom Industries
7D
-15.0%
1Y
70.9%
ACA
US$145.38
Arcosa
7D
0.5%
1Y
62.6%
LMB
US$79.91
Limbach Holdings
7D
1.3%
1Y
-46.1%
Narrative Update • Jun 15

LMB: Reaffirmed 2026 Outlook Will Support Multi Year Upside Potential

Analysts have reduced their price target for Limbach Holdings by $10 to reflect updated views on discount rates, revenue growth, profit margins, and future P/E assumptions, based on recent research commentary. What's in the News Limbach Holdings reaffirmed earnings guidance for 2026, maintaining its previously stated outlook.
JFB
US$5.23
JFB Construction Holdings
7D
11.5%
1Y
50.5%
PHOE
US$19.51
Phoenix Asia Holdings
7D
10.2%
1Y
119.2%
FBGL
US$0.62
FBS Global
7D
15.1%
1Y
3.4%