Say what you want about the wisdom of investing in large public construction companies. For some investors, the business of raising out of the dirt structures that don’t yet exist is just too risky.
For others, however, the business of building is foundational, an aspect of civilization that’s so fundamental it’s hard to bet against. After all, human beings have always manipulated their environment to their advantage, whether through building shelter, aqueducts, bridges or even gladiatorial venues.
In the third quarter of 2025, there was a little bit in public contractors’ results for both camps. Private development still languished, while the foundational aspects of an ongoing infrastructure renaissance endured. The rush to build data centers to support a different kind of infrastructure for the artificial intelligence boom didn’t hurt, either.
Read on for our full roundup of earnings coverage below.
