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U.S. Construction Industry Analysis

UpdatedOct 18, 2025
DataAggregated Company Financials
Companies67
  • 7D3.1%
  • 3M15.2%
  • 1Y43.9%
  • YTD41.6%

Over the last 7 days, the Construction industry has remained flat, although notably MasTec declined by 3.2%. The past year has been better, since the industry has gained 45% in that time. 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
Sat, 18 Oct 2025US$271.9bUS$160.0bUS$9.9b35.9x27.4x1.7x
Mon, 15 Sep 2025US$249.2bUS$160.0bUS$10.0b35.3x25x1.6x
Wed, 13 Aug 2025US$238.2bUS$157.4bUS$9.9b34.6x24x1.5x
Fri, 11 Jul 2025US$222.8bUS$153.2bUS$7.2b33.3x31.1x1.5x
Sun, 08 Jun 2025US$210.1bUS$153.2bUS$7.2b32.5x29.3x1.4x
Tue, 06 May 2025US$181.8bUS$152.2bUS$7.1b24.4x25.8x1.2x
Thu, 03 Apr 2025US$154.6bUS$149.6bUS$6.8b21.9x22.8x1x
Sat, 01 Mar 2025US$163.7bUS$149.6bUS$6.7b26.8x24.3x1.1x
Mon, 27 Jan 2025US$211.5bUS$146.3bUS$3.9b36.1x53.8x1.4x
Wed, 25 Dec 2024US$191.8bUS$146.2bUS$3.9b31.4x48.9x1.3x
Fri, 22 Nov 2024US$199.0bUS$145.9bUS$3.9b36.1x51.3x1.4x
Sun, 20 Oct 2024US$188.4bUS$144.7bUS$4.0b35.1x47.4x1.3x
Tue, 17 Sep 2024US$166.2bUS$144.8bUS$4.0b29.2x41.8x1.1x
Thu, 15 Aug 2024US$158.2bUS$145.1bUS$3.9b25x40.1x1.1x
Sat, 13 Jul 2024US$159.7bUS$141.8bUS$3.4b26.3x46.4x1.1x
Mon, 10 Jun 2024US$159.1bUS$141.8bUS$3.4b25x46.2x1.1x
Wed, 08 May 2024US$159.7bUS$141.6bUS$3.4b25.5x46.5x1.1x
Fri, 05 Apr 2024US$154.3bUS$136.2bUS$3.5b24.5x44.6x1.1x
Sun, 03 Mar 2024US$143.1bUS$136.2bUS$3.5b26.7x40.8x1.1x
Tue, 30 Jan 2024US$121.6bUS$135.2bUS$3.6b24.6x34x0.9x
Thu, 28 Dec 2023US$127.8bUS$135.1bUS$3.6b25.7x35.8x0.9x
Sat, 25 Nov 2023US$114.1bUS$135.0bUS$3.5b21.8x32.4x0.8x
Mon, 23 Oct 2023US$104.3bUS$130.5bUS$3.4b19.2x31.1x0.8x
Wed, 20 Sep 2023US$117.9bUS$130.5bUS$3.4b20.9x35.2x0.9x
Fri, 18 Aug 2023US$119.9bUS$130.4bUS$3.3b20.6x36x0.9x
Sun, 16 Jul 2023US$119.5bUS$126.6bUS$3.2b20.3x37x0.9x
Tue, 13 Jun 2023US$114.8bUS$126.6bUS$3.2b19.5x35.5x0.9x
Thu, 11 May 2023US$107.8bUS$126.3bUS$3.2b18.8x33.7x0.9x
Sat, 08 Apr 2023US$102.4bUS$122.7bUS$3.2b24.1x31.8x0.8x
Mon, 06 Mar 2023US$114.7bUS$122.9bUS$3.3b22.9x34.5x0.9x
Wed, 01 Feb 2023US$108.5bUS$115.2bUS$2.8b24.4x38.1x0.9x
Fri, 30 Dec 2022US$103.9bUS$115.9bUS$2.9b23.7x35.8x0.9x
Sun, 27 Nov 2022US$107.6bUS$115.8bUS$2.9b22.3x36.9x0.9x
Tue, 25 Oct 2022US$94.7bUS$111.5bUS$2.8b27.1x34.1x0.8x
Price to Earnings Ratio

34.1x


Total Market Cap: US$94.7bTotal Earnings: US$2.8bTotal Revenue: US$111.5bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Construction Industry Price to Earnings3Y Average 36.6x202320242025
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 27.6x which is lower than its 3-year average PE of 36.6x.
  • The 3-year average PS ratio of 1.1x is lower than the industry's current PS ratio of 1.7x.
Past Earnings Growth
  • The earnings for companies in the Construction industry have grown 53% 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 Market1.71%
Industrials1.45%
Construction3.14%
Construction and Engineering3.14%
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
PWR Quanta ServicesUS$433.853.9%
+US$2.4b		38.1%PE66.5x
EME EMCOR GroupUS$689.013.8%
+US$1.1b		51.9%PE27.9x
STRL Sterling InfrastructureUS$355.585.6%
+US$576.5m		122.5%PE38x
IESC IES HoldingsUS$386.206.8%
+US$489.2m		68.7%PE29x
MTZ MasTecUS$201.863.2%
+US$485.8m		58.8%PE59x

Latest News

FIX
US$827.92
Comfort Systems USA
7D
1.5%
1Y
98.3%
WSC
US$21.14
WillScot Holdings
7D
-2.1%
1Y
-43.4%
AGX
US$283.94
Argan
7D
10.8%
1Y
120.5%
EME
US$689.01
EMCOR Group
7D
3.8%
1Y
51.9%
PWR
US$433.85
Quanta Services
7D
3.9%
1Y
38.1%
GVA
US$105.03
Granite Construction
7D
-0.4%
1Y
27.7%

Federal Funding And Sunbelt Expansion Will Fuel Infrastructure Transformation

Analysts have raised their price target for Granite Construction from $129.33 to $132.00, citing updated estimates for discount rate, revenue growth, profit margin, and future price-to-earnings multiples. What's in the News Secured a $24 million contract from San Bernardino County to replace aging bridges along Route 66 in Amboy, California.
STRL
US$355.58
Sterling Infrastructure
7D
5.6%
1Y
122.5%

Sterling Infrastructure, Inc. (NASDAQ:STRL) Stock Rockets 28% As Investors Are Less Pessimistic Than Expected

Oct 09
Sterling Infrastructure, Inc. (NASDAQ:STRL) Stock Rockets 28% As Investors Are Less Pessimistic Than Expected
MTZ
US$201.86
MasTec
7D
3.2%
1Y
58.8%

Grid Modernization And Fiber Build-Out Will Empower Infrastructure Evolution

The analyst price target for MasTec has been raised by approximately $10 to reflect growing confidence in the company's improving business momentum and margin upside potential, according to analysts. Analyst Commentary Recent analyst activity around MasTec highlights a growing sense of optimism regarding the company’s business outlook, execution, and valuation potential.
FLR
US$46.65
Fluor
7D
6.1%
1Y
-15.2%

The Return Trends At Fluor (NYSE:FLR) Look Promising

Oct 03
The Return Trends At Fluor (NYSE:FLR) Look Promising
AGRZ
US$4.83
Agroz
7D
-15.1%
1Y
n/a
JLHL
US$3.61
Julong Holding
7D
-12.8%
1Y
n/a
SHIM
US$2.41
Shimmick
7D
-8.9%
1Y
4.6%
ROAD
US$115.01
Construction Partners
7D
-6.5%
1Y
54.0%

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
SKBL
US$2.94
Skyline Builders Group Holding
7D
-5.2%
1Y
n/a
IESC
US$386.20
IES Holdings
7D
6.8%
1Y
68.7%

We Think IES Holdings (NASDAQ:IESC) Can Manage Its Debt With Ease

Aug 27
We Think IES Holdings (NASDAQ:IESC) Can Manage Its Debt With Ease
GLDD
US$10.78
Great Lakes Dredge & Dock
7D
-3.8%
1Y
-10.9%