Largest construction companies in the US: the top 25 public builders and contractors by revenue

This list is for suppliers, subcontractors, software vendors and staffing firms that sell to large builders, and for anyone who wants a ranking they can check. Public companies' revenue and headcount come from their own annual reports on Form 10-K, opened on SEC EDGAR. Private general contractors appear in a separate table with the figures they publish themselves, because those aren't audited filings and don't measure the same thing.

The 25 largest public construction companies in the US

Revenue is the top line of each income statement in the company's latest 10-K filed by 30 October 2026 ("total closing revenue" for Meritage, "contract revenues" for Dycom and MYR Group, "operating revenues" for Everus). The change compares with the prior year in the same filing. Employees are as each 10-K states them at fiscal year-end; Granite's is its 2,500 salaried plus 3,300 hourly employees, Primoris's its 3,055 salaried plus 15,471 hourly, and Construction Partners' its 1,639 salaried plus 4,773 hourly. Headquarters are the business addresses on file with the SEC.

Fiscal years differ. D.R. Horton, IES and Construction Partners close at the end of September, Toll Brothers at the end of October, Lennar and KB Home at the end of November, and Dycom at the end of January, so their latest 10-Ks cover slightly different periods from the calendar-year companies. Just below the 25 is Sterling Infrastructure ($2.49 billion for 2025).

Engineering and design firms such as AECOM and Jacobs, and building materials producers such as Vulcan Materials, are left out; they're ranked on our list of the largest engineering firms.

The biggest general contractors

The firms most people mean by "the biggest construction companies" (the general contractors that run office towers, hospitals, airports and plants) are mostly private or foreign-owned, so they file no 10-K. Here is what three of them publish about themselves:

Figures are each company's own statements on its website, accessed 30 October 2026. They aren't audited filings and aren't comparable with the 10-K table: "work completed" can include construction managed for a client, and Bechtel's figure is worldwide.

Two cautions when you read other rankings. Bechtel's $58.2 billion is its 2024 backlog, not its revenue; at least one widely read list shows the backlog as revenue. And trade rankings of general contractors usually count contracting revenue reported to the publisher, which no one can check against an audited filing. Where private companies hold federal contracts, the awards are public on USAspending.gov.

What the ranking shows

Homebuilders are the biggest, but shrinking. The 11 homebuilders in the table reported $140.1 billion together, down 4.3% on the prior year, and 10 of the 11 reported lower revenue (our calculation).

Contractors are growing fast. The 14 contractors reported $129.0 billion, up 15.9%, and every one of them grew except Fluor. Comfort Systems' 10-K says the "increase in demand has been especially strong in the technology sector, particularly for data centers". EMCOR's says its business "has benefited from the expansion of data centers to power AI and cloud computing, the re-shoring of the supply chain, the need for additional high-tech manufacturing facilities, and the energy transition/expansion throughout the United States".

Specialty trades dominate the contractor half. Quanta, EMCOR, MasTec, Comfort Systems, Primoris, Dycom, MYR Group and IES all do electrical, mechanical, utility or network work. Only Tutor Perini, Granite, Fluor and Construction Partners are general or civil contractors.

The industry is mostly small firms. County Business Patterns counted 814,557 construction establishments with paid employees in 2023, employing 7.66 million people. Only 197 of those establishments had 1,000 or more employees, and 536,259 had fewer than five. Specialty trade contractors made up 521,315 of the total. Our guide to construction companies covers the whole market.

Spending is flat. The Census Bureau estimated construction spending at a seasonally adjusted annual rate of $2,203.1 billion in August 2026. Spending in the first eight months of 2026 was $1,450.4 billion, 3.1% below the same period of 2025.

How we built the list

1. Who counts. US-headquartered public companies that file 10-Ks and whose main business is building: homebuilders and general, civil and specialty trade contractors.
2. What's counted. Total revenue as reported, including every consolidated subsidiary. Homebuilders' figures include their mortgage and title units, which are small next to home sales.
3. Which year. Each company's latest fiscal year with a 10-K filed by 30 October 2026. We don't annualize quarters.
4. Checking. We started from the SEC's structured financial data and matched every figure to the filing. The data alone would mislead: the extract we started from gave Comfort Systems USA $1.8 billion of revenue for 2025, while its 10-K reports $9.10 billion.
5. What's missing. Private and foreign-owned contractors, whose figures appear only where they publish them.

Engineering News-Record publishes annual contractor rankings by revenue reported to it, and Fortune and Forbes publish their own lists. Their figures won't match this table because they measure different things.

Selling to the largest construction companies

Big builders buy in three different ways, and the right first contact depends on which kind you're selling to. This is general guidance; practice varies by company.

Sell to the operating company. Quanta's 10-K says "our operations are decentralized", and EMCOR's 44,000 employees work under about 450 collective bargaining agreements between its individual subsidiaries. A deal with one subsidiary rarely binds the others, but a good reference travels.

Homebuilders buy through their trades. Taylor Morrison's 10-K says it acts "solely as a general contractor" and that its project managers and superintendents "manage third-party subcontractors". A product that saves a framing or electrical subcontractor time can win through the trade, not the builder's head office.

Follow the backlog. Contractors report backlog in their 10-Ks and quarterly filings. Growing backlog in a segment means new crews and suppliers in the next few quarters. For finding the right person in a subsidiary, see how to find decision makers.

Worked example

Illustrative example. Voltpath Prefab (voltpath.example) builds prefabricated electrical assemblies in Dallas and wants its first large contractor customers on data center jobs.

1. Shortlist the contractors with the work. Comfort Systems says demand was strongest for data centers, and its 10-K says technology sector work at its Texas electrical operation added $649.3 million of revenue in 2025. EMCOR and IES also name data centers among their markets. Those three go first.
2. Pick the unit. Each is decentralized, so Voltpath targets one operating subsidiary in Texas per company, not head office.
3. Size a first deal. Suppose one data center job needs 400 assemblies at $3,500 each: $1.4 million. If a subsidiary runs three such jobs a year and Voltpath wins a third of them, that's one job, $1.4 million a year.
4. Find the buyer. The decision sits with the subsidiary's prefabrication or operations manager and the project manager on a live job, with purchasing approving the vendor.

At volume, finding the right subsidiary and its current projects for each contractor is the slow part; Bebop researches each account in the list and drafts the outreach.

Next step: see the local market and its public companies in construction companies in Texas.