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U.S. Construction Industry Analysis

UpdatedJun 26, 2026
DataAggregated Company Financials
Companies68
  • 7D2.6%
  • 3M32.6%
  • 1Y94.6%
  • YTD55.7%

In the last week, the Construction industry is up 2.6%, with Quanta Services up 2.3%. During this same period, the Julong Holding underperformed, falling 64%. In the last 12 months, the industry was up 95%. Looking forward, earnings are forecast to grow by 25% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 26 Jun 2026US$433.5bUS$180.4bUS$7.6b47.6x57x2.4x
Sun, 24 May 2026US$416.3bUS$179.6bUS$7.6b49x54.6x2.3x
Tue, 21 Apr 2026US$377.5bUS$172.5bUS$6.7b43.7x56.7x2.2x
Thu, 19 Mar 2026US$339.9bUS$173.7bUS$6.7b32.7x51x2x
Sat, 14 Feb 2026US$336.0bUS$168.3bUS$10.2b38.3x33.1x2x
Mon, 12 Jan 2026US$278.5bUS$165.7bUS$10.0b33x27.8x1.7x
Wed, 10 Dec 2025US$280.3bUS$165.8bUS$10.0b33.8x28x1.7x
Fri, 07 Nov 2025US$283.1bUS$165.3bUS$10.5b33.5x26.8x1.7x
Sun, 05 Oct 2025US$265.2bUS$160.0bUS$9.9b35.9x26.7x1.7x
Tue, 02 Sep 2025US$240.4bUS$157.7bUS$10.0b34.5x24x1.5x
Thu, 31 Jul 2025US$242.9bUS$153.6bUS$7.1b33.6x34x1.6x
Sat, 28 Jun 2025US$217.5bUS$153.2bUS$7.2b32.2x30.4x1.4x
Mon, 26 May 2025US$195.7bUS$153.2bUS$7.2b28.2x27.3x1.3x
Wed, 23 Apr 2025US$149.2bUS$149.6bUS$6.8b21.3x22x1x
Fri, 21 Mar 2025US$163.7bUS$149.6bUS$6.8b24.8x24.2x1.1x
Sun, 16 Feb 2025US$177.2bUS$146.8bUS$4.0b29.6x43.8x1.2x
Tue, 14 Jan 2025US$188.1bUS$146.2bUS$3.9b32.7x47.9x1.3x
Thu, 12 Dec 2024US$196.6bUS$146.2bUS$3.9b32.4x50.1x1.3x
Sat, 09 Nov 2024US$198.4bUS$145.4bUS$3.9b35x50.7x1.4x
Mon, 07 Oct 2024US$180.4bUS$144.7bUS$4.0b32.7x45.4x1.2x
Wed, 04 Sep 2024US$167.7bUS$144.7bUS$4.0b26.2x42.2x1.2x
Fri, 02 Aug 2024US$164.7bUS$142.8bUS$3.6b26.1x46.1x1.2x
Sun, 30 Jun 2024US$156.1bUS$141.8bUS$3.4b25.1x45.4x1.1x
Tue, 28 May 2024US$166.4bUS$141.8bUS$3.4b26x48.3x1.2x
Thu, 25 Apr 2024US$149.3bUS$139.2bUS$3.3b24.6x45.2x1.1x
Sat, 23 Mar 2024US$152.8bUS$136.3bUS$3.5b25.5x44.1x1.1x
Mon, 19 Feb 2024US$130.7bUS$132.9bUS$3.7b26.3x35.5x1x
Wed, 17 Jan 2024US$122.3bUS$135.2bUS$3.6b23.2x34.2x0.9x
Fri, 15 Dec 2023US$123.9bUS$135.2bUS$3.6b25.2x34.8x0.9x
Sun, 12 Nov 2023US$106.6bUS$134.5bUS$3.6b19.8x29.3x0.8x
Tue, 10 Oct 2023US$110.6bUS$130.5bUS$3.4b20.5x33x0.8x
Thu, 07 Sep 2023US$121.2bUS$130.5bUS$3.4b22.1x36.1x0.9x
Sat, 05 Aug 2023US$120.9bUS$129.9bUS$3.6b19.2x33.2x0.9x
Mon, 03 Jul 2023US$119.1bUS$126.6bUS$3.2b19.9x36.9x0.9x
Price to Earnings Ratio

36.9x


Total Market Cap: US$119.1bTotal Earnings: US$3.2bTotal Revenue: US$126.6bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Construction Industry Price to Earnings3Y Average 38.1x202420252026
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 57.0x which is higher than its 3-year average PE of 38.1x.
  • The 3-year average PS ratio of 1.3x is lower than the industry's current PS ratio of 2.4x.
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 Market-2.68%
Industrials1.11%
Construction2.64%
Construction and Engineering2.64%
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$718.592.3%
+US$2.5b		89.4%PE97.6x
MTZ MasTecUS$403.576.3%
+US$1.9b		136.6%PE70x
FIX Comfort Systems USAUS$2.02k2.5%
+US$1.8b		290.9%PE57.9x
EME EMCOR GroupUS$862.663.1%
+US$1.2b		68.8%PE28.7x
DY Dycom IndustriesUS$493.618.1%
+US$1.1b		106.2%PE47.6x

Latest News

EME
US$862.66
EMCOR Group
7D
3.1%
1Y
68.8%
Seeking Alpha • Jun 25

EMCOR: Exceptional Business But Valuation Stretched; Waiting For A Pullback Makes Sense

Summary EMCOR is the largest electrical and mechanical construction firm, building the power, cooling, and electrical systems inside AI data centers. Q1 2026 was strong on every line: revenue up 19.7% to $4.63 billion, EPS up 30% to $6.84, and a record backlog of $15.62 billion, up 32.9% year-over-year. The balance sheet is pristine, with zero debt and $916 million in cash, giving EMCOR unusual flexibility to fund acquisitions and organic growth without refinancing risk. The business is excellent, but the stock has run roughly 88% off its lows, and the valuation is where the caution lies. A DCF model points to a fair value near $534, below the current price around $817. The market is paying in full for quality and growth, leaving little margin of safety for new capital. I rate EME a Hold. A pullback toward the mid-$600s would offer a far more attractive entry. Read the full article on Seeking Alpha
PRIM
US$95.38
Primoris Services
7D
-5.8%
1Y
21.2%
Seeking Alpha • Jun 25

Primoris Services: Avoid This Stock Amid Renewables Execution Issues

Summary Primoris Services announced Q1 results in early May, and the stock tanked more than 50% in a single day. The company recently announced that a previous issue thought to be related only to one project has now ballooned to six projects. PRIM stock is rated a Sell at this time as a result of ongoing execution and financial struggles. Read the full article on Seeking Alpha
AMRC
US$27.76
Ameresco
7D
-3.1%
1Y
78.4%
FISN
US$10.03
Deep Fission
7D
-31.1%
1Y
n/a
APG
US$41.68
APi Group
7D
-2.0%
1Y
24.3%
Seeking Alpha • Jun 24

APi Group: Safety Player Continuing To Execute

Summary APi Group demonstrates strong growth momentum through double-digit organic growth and strategic M&A, notably acquiring Wtech Fire Group and Onyx-Fire Protection Service. APi Group raised full-year sales guidance twice post-acquisitions, now targeting $8.575–$8.775 billion revenue and $1.165–$1.225 billion adjusted EBITDA. Valuation has become more attractive, with shares down from April highs and forward P/E multiples compressing to around 20x on improved earnings outlook. I find APi Group compelling for initiation, supported by robust brands, a proven M&A track record, and realistic prospects of surpassing $10 billion in sales by 2028. Read the full article on Seeking Alpha
PWR
US$718.59
Quanta Services
7D
2.3%
1Y
89.4%
FIX
US$2,017.57
Comfort Systems USA
7D
2.5%
1Y
290.9%
ACA
US$144.96
Arcosa
7D
6.7%
1Y
65.3%
DY
US$493.61
Dycom Industries
7D
8.1%
1Y
106.2%
Narrative Update • Jun 22

DY: Data Center Projects And Record Backlog Will Support Future Cash Generation

Analysts kept their fair value estimate for Dycom Industries steady at $637.27 per share, making only minimal tweaks to the discount rate, revenue growth, profit margin, and future P/E assumptions that support a largely unchanged price target narrative. What’s in the News for Dycom Industries Dycom Industries reported fiscal Q1 2027 revenue of US$1.96b, which was 56% higher year over year and above Wall Street estimates, with adjusted earnings per share coming in 62.5% above expectations.
STRL
US$881.92
Sterling Infrastructure
7D
2.3%
1Y
285.7%
LGN
US$81.10
Legence
7D
-5.2%
1Y
n/a
New Narrative • Jun 17

Legence Stock Will Ride Data Center Demand And Modular Fabrication Tailwinds

Catalysts About Legence Legence provides engineering, installation, fabrication and maintenance services for mission critical building systems across data centers, technology, healthcare, education, life sciences and public sector clients. What are the underlying business or industry changes driving this perspective?
JLHL
US$14.12
Julong Holding
7D
-64.4%
1Y
233.8%
IESC
US$766.54
IES Holdings
7D
7.6%
1Y
167.6%
Analysis Article • Jun 16

IES Holdings (IESC) Stock Could Be 25% Above Fair Value After $107.4 Million Insider Sales

Recent insider sales at IES Holdings (IESC), totaling an estimated $107.4 million over the past 3 months with no reported insider buying, have drawn attention as the stock trades well above its assessed intrinsic value. See our latest analysis for IES Holdings. Despite the latest 3.1% daily decline and a 1-week share price return that is slightly down, IES Holdings has very strong recent momentum. The company has a 30-day share price return of 6.5%, a 90-day share price return of 61.3% and a...
MTZ
US$403.57
MasTec
7D
6.3%
1Y
136.6%
Narrative Update • Jun 11

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

MasTec's analyst price targets have moved up by a few dollars to align more closely with a $480 to $500 range, as analysts factor in the company's detailed 2028 revenue, EBITDA and EPS goals, along with increased free cash flow and borrowing capacity highlighted at recent investor events. Analyst Commentary Recent Street research points to a cluster of higher price targets and supportive ratings for MasTec, centered in the upper end of the current US$480 to US$500 range.
HUHU
US$9.21
HUHUTECH International Group
7D
-9.1%
1Y
90.7%
IMSR
US$6.78
Terrestrial Energy
7D
-20.3%
1Y
-39.5%