Investing IdeasBrowse All StocksMarkets
Have your own idea? Try our Stock Screener
Header cover image

U.S. Construction Industry Analysis

UpdatedAug 02, 2026
DataAggregated Company Financials
Companies65
  • 7D-0.2%
  • 3M-13.1%
  • 1Y56.1%
  • YTD33.7%

Last week, the Construction industry hasn't moved much but Quanta Services is up 6.6% in that time. The past year has been better, since the industry has gained 56% in that time. 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
Sun, 02 Aug 2026US$381.7bUS$187.1bUS$8.2b35.6x46.7x2x
Tue, 30 Jun 2026US$425.6bUS$180.4bUS$7.6b48.9x56x2.4x
Thu, 28 May 2026US$429.3bUS$180.3bUS$7.7b50.6x56x2.4x
Sat, 25 Apr 2026US$398.4bUS$173.6bUS$6.9b44.2x57.9x2.3x
Mon, 23 Mar 2026US$328.4bUS$174.0bUS$6.7b31.9x49.1x1.9x
Wed, 18 Feb 2026US$341.4bUS$168.2bUS$6.8b32.4x49.9x2x
Fri, 16 Jan 2026US$286.0bUS$165.7bUS$10.0b34.9x28.6x1.7x
Sun, 14 Dec 2025US$277.2bUS$165.8bUS$10.0b32.3x27.7x1.7x
Tue, 11 Nov 2025US$275.3bUS$164.5bUS$9.9b33.8x27.8x1.7x
Thu, 09 Oct 2025US$265.9bUS$160.0bUS$9.9b37.3x26.8x1.7x
Sat, 06 Sep 2025US$242.6bUS$157.7bUS$10.0b35.7x24.2x1.5x
Mon, 04 Aug 2025US$233.9bUS$156.2bUS$9.7b32.7x24x1.5x
Wed, 02 Jul 2025US$220.4bUS$153.2bUS$7.2b32.4x30.8x1.4x
Fri, 30 May 2025US$199.0bUS$153.2bUS$7.2b28.5x27.7x1.3x
Sun, 27 Apr 2025US$167.3bUS$149.9bUS$6.9b22x24.4x1.1x
Tue, 25 Mar 2025US$160.6bUS$149.6bUS$6.8b26x23.7x1.1x
Thu, 20 Feb 2025US$177.2bUS$147.3bUS$6.0b29.7x29.6x1.2x
Sat, 18 Jan 2025US$201.9bUS$146.2bUS$3.9b36.4x51.4x1.4x
Mon, 16 Dec 2024US$198.6bUS$146.2bUS$3.9b31.2x50.6x1.4x
Wed, 13 Nov 2024US$202.0bUS$145.6bUS$3.8b35.1x53.2x1.4x
Fri, 11 Oct 2024US$182.9bUS$144.7bUS$4.0b34.3x46x1.3x
Sun, 08 Sep 2024US$151.8bUS$144.8bUS$4.0b26.4x38.1x1x
Tue, 06 Aug 2024US$151.9bUS$144.2bUS$3.8b23.6x40.2x1.1x
Thu, 04 Jul 2024US$155.8bUS$141.8bUS$3.4b24.4x45.3x1.1x
Sat, 01 Jun 2024US$165.0bUS$141.8bUS$3.4b25.3x48x1.2x
Mon, 29 Apr 2024US$152.4bUS$140.4bUS$3.5b24.4x43.6x1.1x
Wed, 27 Mar 2024US$150.5bUS$136.3bUS$3.5b25.5x43.4x1.1x
Fri, 23 Feb 2024US$128.3bUS$132.9bUS$3.6b24.9x35.3x1x
Sun, 21 Jan 2024US$121.3bUS$135.2bUS$3.6b23.2x33.9x0.9x
Tue, 19 Dec 2023US$125.9bUS$135.2bUS$3.6b24.6x35.4x0.9x
Thu, 16 Nov 2023US$113.2bUS$134.9bUS$3.5b22.1x32.3x0.8x
Sat, 14 Oct 2023US$108.4bUS$130.5bUS$3.4b19.8x32.3x0.8x
Mon, 11 Sep 2023US$120.2bUS$130.5bUS$3.4b21.8x35.7x0.9x
Wed, 09 Aug 2023US$121.4bUS$130.7bUS$3.3b21.1x36.8x0.9x
Price to Earnings Ratio

36.8x


Total Market Cap: US$121.4bTotal Earnings: US$3.3bTotal Revenue: US$130.7bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Construction Industry Price to Earnings3Y Average 38.5x202420252026
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 46.7x which is higher than its 3-year average PE of 38.5x.
  • The 3-year average PS ratio of 1.4x 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 35% 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 Market0.97%
Industrials-1.53%
Construction-0.16%
Construction and Engineering-0.16%
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$667.366.6%
+US$6.4b		68.9%PE75.6x
IESC IES HoldingsUS$744.5418.9%
+US$2.4b		112.5%PE32.7x
EME EMCOR GroupUS$797.437.1%
+US$2.1b		27.7%PE24.4x
ACM AECOMUS$72.392.6%
+US$235.2m		-34.8%PE14.7x
MWH SOLV EnergyUS$28.434.3%
+US$142.3m		n/aPE27.6x

Latest News

IESC
US$744.54
IES Holdings
7D
18.9%
1Y
112.5%
PHOE
US$23.67
Phoenix Asia Holdings
7D
18.4%
1Y
191.5%
PWR
US$667.36
Quanta Services
7D
6.6%
1Y
68.9%
ECG
US$125.43
Everus Construction Group
7D
-3.5%
1Y
78.8%
APG
US$39.68
APi Group
7D
0.3%
1Y
13.1%
EME
US$797.43
EMCOR Group
7D
7.1%
1Y
27.7%
MTZ
US$263.10
MasTec
7D
-22.1%
1Y
51.2%
AGX
US$570.43
Argan
7D
0.3%
1Y
153.2%
MWH
US$28.43
SOLV Energy
7D
4.3%
1Y
n/a
MYRG
US$333.22
MYR Group
7D
-12.1%
1Y
77.8%
Narrative Update • Jul 30

MYRG: Backlog To 2028 Will Meet C&I Acquisition Upside

The updated analyst price target for MYR Group changes to $433 from $455, as analysts factor in a slightly lower future P/E assumption and profit margin outlook while still recognizing solid recent results and potential contributions from upcoming Commercial & Industrial acquisitions. Analyst Commentary Recent Street research on MYR Group shows a wide range of views on upside potential, valuation, and execution risk.
DY
US$401.07
Dycom Industries
7D
-6.7%
1Y
52.3%
Seeking Alpha • Jul 29

Dycom: I Still See 27% Downside

Summary Dycom faces a high bar for Q2 earnings amid cooling AI sentiment and retains a Sell rating with a $290 price target. Despite strong historical growth and a robust backlog, DY's valuation remains elevated at 14.1x EV/EBITDA versus a justified 10-11x multiple. Q2 results are expected to beat consensus, but any lack of sequential backlog acceleration or margin expansion could drive downside. Leverage stands at 2.3x with a target to delever to 2x in 12 months; DY is likely to become attractive only after further valuation compression. Read the full article on Seeking Alpha
STRL
US$596.77
Sterling Infrastructure
7D
-9.7%
1Y
126.9%
WSC
US$24.28
WillScot Holdings
7D
-8.4%
1Y
-4.1%
ACM
US$72.39
AECOM
7D
2.6%
1Y
-34.8%
LGN
US$63.93
Legence
7D
-9.7%
1Y
n/a
FLR
US$50.17
Fluor
7D
-3.9%
1Y
21.1%