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U.S. Construction Industry Analysis

UpdatedApr 05, 2026
DataAggregated Company Financials
Companies64
  • 7D2.9%
  • 3M19.7%
  • 1Y133.6%
  • YTD21.1%

In the last week, the Construction industry is up 2.9%, with Comfort Systems USA leading the way with a 3.7% gain. This takes the industry's 12 month performance to a gain of 134%. Earnings are forecast to grow by 22% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 05 Apr 2026US$343.0bUS$172.5bUS$6.7b34.8x51.5x2x
Tue, 03 Mar 2026US$350.4bUS$173.3bUS$6.7b32.1x52.3x2x
Thu, 29 Jan 2026US$306.8bUS$165.7bUS$10.0b36.3x30.7x1.9x
Sat, 27 Dec 2025US$275.2bUS$165.7bUS$10.0b31.9x27.5x1.7x
Mon, 24 Nov 2025US$259.6bUS$165.4bUS$10.0b31.2x26x1.6x
Wed, 22 Oct 2025US$274.4bUS$160.0bUS$10.0b34.1x27.5x1.7x
Fri, 19 Sep 2025US$248.2bUS$160.0bUS$9.9b37.2x25x1.6x
Sun, 17 Aug 2025US$236.5bUS$157.6bUS$10.0b33x23.7x1.5x
Tue, 15 Jul 2025US$224.4bUS$153.2bUS$7.2b33.1x31.3x1.5x
Thu, 12 Jun 2025US$203.7bUS$153.2bUS$7.2b30.6x28.4x1.3x
Sat, 10 May 2025US$187.1bUS$152.9bUS$7.2b26.4x26.1x1.2x
Mon, 07 Apr 2025US$141.5bUS$149.6bUS$6.8b20.2x20.8x0.9x
Wed, 05 Mar 2025US$159.6bUS$149.6bUS$6.7b24.8x23.7x1.1x
Fri, 31 Jan 2025US$184.0bUS$146.2bUS$3.9b32.5x46.6x1.3x
Sun, 29 Dec 2024US$188.9bUS$146.2bUS$3.9b32.7x48.1x1.3x
Tue, 26 Nov 2024US$204.7bUS$146.1bUS$3.9b36.8x52.4x1.4x
Thu, 24 Oct 2024US$186.9bUS$144.8bUS$4.1b33.4x45.4x1.3x
Sat, 21 Sep 2024US$176.9bUS$144.8bUS$4.0b30.9x44.5x1.2x
Mon, 19 Aug 2024US$160.7bUS$144.5bUS$4.0b25.6x40.4x1.1x
Wed, 17 Jul 2024US$161.2bUS$141.8bUS$3.4b27.9x46.8x1.1x
Fri, 14 Jun 2024US$163.7bUS$141.8bUS$3.4b25.9x47.6x1.2x
Sun, 12 May 2024US$162.6bUS$141.8bUS$3.5b26x46.9x1.1x
Tue, 09 Apr 2024US$154.7bUS$136.2bUS$3.5b25.2x44.7x1.1x
Thu, 07 Mar 2024US$142.8bUS$136.2bUS$3.5b25.8x41x1x
Sat, 03 Feb 2024US$126.8bUS$135.2bUS$3.6b24.7x35.3x0.9x
Mon, 01 Jan 2024US$127.2bUS$135.1bUS$3.6b25.5x35.6x0.9x
Wed, 29 Nov 2023US$114.9bUS$135.0bUS$3.5b21.6x32.6x0.9x
Fri, 27 Oct 2023US$104.0bUS$131.0bUS$3.3b19.9x31.5x0.8x
Sun, 24 Sep 2023US$114.1bUS$130.5bUS$3.4b20.3x34x0.9x
Tue, 22 Aug 2023US$119.9bUS$130.4bUS$3.3b20.9x36x0.9x
Thu, 20 Jul 2023US$122.5bUS$126.6bUS$3.2b21.2x37.9x1x
Sat, 17 Jun 2023US$115.1bUS$126.6bUS$3.2b19.7x35.6x0.9x
Mon, 15 May 2023US$108.1bUS$126.3bUS$3.2b18.7x33.9x0.9x
Wed, 12 Apr 2023US$104.5bUS$122.8bUS$3.2b24.3x32.4x0.9x
Price to Earnings Ratio

32.4x


Total Market Cap: US$104.5bTotal Earnings: US$3.2bTotal Revenue: US$122.8bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Construction Industry Price to Earnings3Y Average 36.4x202420252026
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 51.5x which is higher than its 3-year average PE of 36.4x.
  • The 3-year average PS ratio of 1.2x is lower than the industry's current PS ratio of 2.0x.
Past Earnings Growth
  • The earnings for companies in the Construction industry have grown 27% 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 Market3.46%
Industrials2.97%
Construction2.87%
Construction and Engineering2.87%
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
FIX Comfort Systems USAUS$1.42k3.7%
+US$1.8b		378.0%PE48.7x
PWR Quanta ServicesUS$560.631.9%
+US$1.6b		134.1%PE81.6x
MTZ MasTecUS$336.256.4%
+US$1.6b		217.0%PE65.6x
EME EMCOR GroupUS$756.303.2%
+US$1.0b		121.1%PE26.5x
APG APi GroupUS$42.035.3%
+US$914.7m		94.8%PS2.3x

Latest News

EME
US$756.30
EMCOR Group
7D
3.2%
1Y
121.1%
ROAD
US$105.89
Construction Partners
7D
-2.9%
1Y
54.0%
OLOX
US$0.72
Olenox Industries
7D
-30.1%
1Y
-97.0%
LMB
US$80.42
Limbach Holdings
7D
-0.5%
1Y
16.0%

LMB: Owner Direct Relationships And Data Center Awards Will Drive Future Upside

Analysts have trimmed Limbach Holdings' implied fair value by about $2 to $116.60, reflecting updated assumptions around the discount rate, profit margins, and a slightly lower future P/E multiple following recent price target adjustments and commentary on award activity, data center exposure, and Pioneer Power margin expectations. Analyst Commentary Recent Street research on Limbach Holdings highlights a mix of optimism around growth avenues and execution, alongside some renewed caution that is feeding into the trimmed implied fair value.
ACA
US$107.70
Arcosa
7D
4.7%
1Y
48.8%
AMRC
US$24.59
Ameresco
7D
-8.1%
1Y
127.3%
PWR
US$560.63
Quanta Services
7D
1.9%
1Y
134.1%

PWR: Power Supercycle Backlog And 2026 Guidance Will Support Compounding Earnings

Analysts have lifted their average price targets on Quanta Services by hundreds of dollars per share into a $575 to $685 range, citing stronger post Q4 modeling, higher 2026 guidance, a record $44b backlog, and exposure to long term power infrastructure projects as key drivers for the updated views. Analyst Commentary Recent Street research on Quanta Services has leaned constructive, with a cluster of target price increases into the mid 500s to high 600s and multiple reaffirmed positive ratings.
ECG
US$123.88
Everus Construction Group
7D
5.6%
1Y
268.7%
MTZ
US$336.25
MasTec
7D
6.4%
1Y
217.0%

MTZ: Data Center And Pipeline Backlog Will Support Future Margin Expansion

Analysts have raised the MasTec fair value estimate to $400 from $300, citing stronger modeled revenue growth, slightly higher profit margins, and a higher future P/E multiple supported by rising price targets across the Street. Analyst Commentary Recent Street research around MasTec points to a cluster of higher price targets and upbeat commentary on execution across all business segments.
LGN
US$58.68
Legence
7D
7.2%
1Y
n/a
APG
US$42.03
APi Group
7D
5.3%
1Y
94.8%

APG: Recurring Facility Services And Data Centers Will Support Future Upside

Analysts have lifted the average price target for APi Group to $52, supported by recent research that highlights solid Q4 results, conservative but constructive guidance, growing exposure to data center construction, and the company's role as an M&A compounder within facility and business services. Analyst Commentary Recent research paints a mostly constructive picture, with several bullish analysts lifting price targets into the low to mid US$50s after Q4 results and updated guidance.
ACM
US$84.71
AECOM
7D
-0.9%
1Y
-5.1%

ACM: Major Infrastructure Contracts Will Support Future Share Price Upside

Analysts have maintained their AECOM fair value estimate at $128.25, making only minor adjustments to underlying assumptions such as the discount rate and future P/E. These changes reflect updated views on the company’s risk profile rather than a shift in overall conviction.
STRL
US$416.34
Sterling Infrastructure
7D
-0.9%
1Y
296.7%

STRL: Data Center Backlog And Short Seller Scrutiny Will Shape Future Outcomes

Sterling Infrastructure's fair value estimate has shifted from $481.60 to $495.40 as analysts factor in higher price targets around $482 and $500, citing solid recent results, mission critical data center demand, and visibility supported by backlog and high probability future phases. Analyst Commentary Bullish Takeaways Bullish analysts are lifting price targets into the $482 to $500 range, signaling that recent information is being incorporated into higher fair value assumptions.
FIX
US$1,417.19
Comfort Systems USA
7D
3.7%
1Y
378.0%

FIX: Texas Data Centers And Modular Execution Will Drive Future Upside

Analysts have lifted the price target for Comfort Systems USA to $1,611 from $1,196, citing its exposure to Texas data center construction, its modular capabilities, and support from Kodiak in scaling its workforce. Analyst Commentary Recent research points to a group of analysts who remain optimistic on Comfort Systems USA, highlighting its exposure to Texas data center projects, modular construction capabilities, and support from Kodiak in scaling its workforce.
JFB
US$6.62
JFB Construction Holdings
7D
-8.9%
1Y
210.4%
JLHL
US$5.75
Julong Holding
7D
-4.2%
1Y
n/a