+1.84%
last session
Honeywell’s plan to spin off its Aerospace unit and implement a reverse split, along with a reaffirmed 2026 outlook...
Sourcezacks.com - Jun 8
Theme Performance
How Infrastructure is trading against SPY and QQQ
See which stocks are driving the theme and how the basket performs relative to the broader market.
Track Infrastructure Stocks without checking every day
Weekly updates on performance, valuation changes, and key movers.
What Changed Recently in Infrastructure Stocks
Theme Breakdown
Infrastructure Stocks Composition
Explore how the Infrastructure Stocks universe is distributed across key business segments.
Composition last reviewed
As of Jun 1, 2026
Categories reflect each company's primary theme role. Some companies may have exposure to multiple segments.
Theme Overview
Why segmentation matters
See how the theme breaks down across business segments and where concentration risk lives.
Selected Stocks
35
in theme
Total Market Cap
$1.92T
combined
Highly Concentrated
The top 2 segments (Machinery & Equipment & Engineering & Materials & Products & Other segments) represent 74.2% of this theme by market cap.
Top Infrastructure Stocks Stocks
Top Infrastructure Stocks Stocks by Segment, Performance, and Valuation
CAT
Caterpillar Inc.
Price$914.70
Mkt Cap-
YTD+52.9%
Rev G11.8%
DE
Deere & Company
Price$577.33
Mkt Cap-
YTD+23.7%
Rev G5.4%
HON
Honeywell International Inc.
Price$215.70
Mkt Cap-
YTD+10.1%
Rev G-6.3%
PH
Parker-Hannifin Corporation
Price$905.53
Mkt Cap-
YTD+1.3%
Rev G6%
PWR
Quanta Services, Inc.
Price$691.95
Mkt Cap-
YTD+57.4%
Rev G20.6%
CMI
Cummins Inc.
Price$669.23
Mkt Cap-
YTD+28.2%
Rev G0.1%
EMR
Emerson Electric Co.
Price$142.42
Mkt Cap-
YTD+4.9%
Rev G4%
URI
United Rentals, Inc.
Price$1,094.17
Mkt Cap-
YTD+29.5%
Rev G5%
FIX
Comfort Systems USA, Inc.
Price$1,831.56
Mkt Cap-
YTD+82.5%
Rev G38.4%
PCAR
PACCAR Inc
Price$119.69
Mkt Cap-
YTD+7.3%
Rev G-15.8%
| # | Chart (YTD) | |||||||
|---|---|---|---|---|---|---|---|---|
| 1 | CAT Caterpillar Inc. | $914.70 | $425.6B | +52.9% | -1.3% | 48.6 | 11.8% | |
| 2 | DE Deere & Company | $577.33 | $155.84B | +23.7% | -1.9% | 31.2 | 5.4% | |
| 3 | HON Honeywell International Inc. | $215.70 | $136.68B | +10.1% | -1.6% | 29.3 | -6.3% | |
| 4 | PH Parker-Hannifin Corporation | $905.53 | $114.29B | +1.3% | +3.6% | 33.4 | 6% | |
| 5 | PWR Quanta Services, Inc. | $691.95 | $103.83B | +57.4% | -11.4% | 101.8 | 20.6% | |
| 6 | CMI Cummins Inc. | $669.23 | $92.46B | +28.2% | -4.8% | 32.6 | 0.1% | |
| 7 | EMR Emerson Electric Co. | $142.42 | $79.77B | +4.9% | +2.1% | 35.3 | 4% | |
| 8 | URI United Rentals, Inc. | $1,094.17 | $68.55B | +29.5% | +16.6% | 28.3 | 5% | |
| 9 | FIX Comfort Systems USA, Inc. | $1,831.56 | $64.44B | +82.5% | -9.9% | 63.4 | 38.4% | |
| 10 | PCAR PACCAR Inc | $119.69 | $62.99B | +7.3% | +6% | 26.5 | -15.8% |
Showing 10 of 35 stocks
Daily Intelligence
Yesterday in Infrastructure Stocks
Key headlines and stock-level movers from the last trading session.
Last session recap is current.
End-of-day analysis published after market close. Next update after Jun 10, 2026 market close.
Session Brief
Jun 9, 2026Infrastructure reshoring fuels demand for aerospace, construction, and data‑center cooling. Honeywell’s planned aerospace spin‑off and unchanged 2026 outlook signal strong earnings growth, while AECOM’s DHS contract boosts critical‑infrastructure modernization. Wesco’s acquisition of Newark Engineering expands data‑center cooling, a key growth area.
Key Drivers
Stock-level moves behind the theme
Sentiment reflects catalyst narrative, not price direction - a stock can close lower while the fundamental driver is bullish.
+0.97%
last session
STLD is rallying 3.8% on bullish Wall Street sentiment and recent price gains, but value analysts flag overvaluation.
Sourcezacks.com - Jun 4
-0.1%
last session
Fresh EOD news and price action made this stock a theme driver.
Source247wallst.com - Jun 8
+2.41%
last session
Fresh EOD news and price action made this stock a theme driver.
Sourcezacks.com - Jun 5
+5.78%
last session
CARR's stock is buoyed by a quarterly cash dividend announcement and potential upside from reduced tariffs on farm...
Sourceprnewswire.com - Jun 4
Updated after market close
Jun 9, 2026
Valuation Pulse
Are Infrastructure Stocks cheap or expensive right now?
DCF valuations and Wall Street ratings across the theme.
Data as of Jun 10, 2026 (EOD)
35 stocks in theme - 23 with full coverage
DCF Valuation
(Intrinsic Value)23
of 35
covered
Undervalued
1(4%)
Fair Value
1(4%)
Overvalued
21(91%)
Top DCF Upside (Undervalued Only)
View all
Wall Street Consensus
(Price Targets)35
of 35
covered
Buy / Strong Buy
28(80%)
Hold
7(20%)
Sell / Strong Sell
0(0%)
Coverage Snapshot
Consensus is based on 35 stocks with analyst price targets. DCF analysis is based on 23 stocks with intrinsic value estimates.
Valuation Distribution
(35 covered stocks)Theme Valuation Score
3.3
Fair
Scale: 1 (Cheap) to 5 (Expensive)
1
Bargain
1 stocks (3%)
>= +30%
2
Cheap
7 stocks (20%)
+10% to +30%
3
Fair
13 stocks (37%)
-10% to +10%
4
Expensive
10 stocks (29%)
-25% to -10%
5
Very Expensive
4 stocks (11%)
<= -25%
Valuation score blends Wall Street target upside at 65% weight and DCF upside at 35% weight when both are available; single-source covered stocks use the available signal. Higher score means more expensive.
Earnings Calendar
Upcoming Earnings in Infrastructure Theme
Companies reporting in the next 30 days. Earnings dates and estimates can change as reports approach.
| Company | Reports | Timing | Est. EPS | Est. Revenue |
|---|---|---|---|---|
 CMCCommercial Metals Company | Mon, Jun 22 | Unconfirmed | $1.76 est. | $2.43B est. |
| CMCCommercial Metals Company | Thu, Jun 25 | Unconfirmed | $1.76 est. | $2.43B est. |
Estimates are based on available consensus data. BMO = Before Market Open, AMC = After Market Close.
Research & Methodology
How to evaluate Infrastructure Stocks
Methodology, investment thesis, and key risks for this theme.
How we evaluate these stocks
Our methodology
We separate contractors, materials, machinery, rentals, industrial distribution, and factory-buildout beneficiaries. The focus is backlog quality, margin discipline, pricing power, and cash conversion.
- Exposure to infrastructure, manufacturing, or reshoring capex
- Backlog and project execution quality
- Materials and equipment pricing power
- Free cash flow and balance-sheet strength
- Cyclical risk weighed against secular investment
Investment thesis
Why this theme exists
Public and private investment is flowing into roads, power, factories, logistics, data centers, and domestic supply chains. The best companies convert this capex cycle into backlog, margins, and cash flow.
- Infrastructure bills support multi-year project demand
- Reshoring drives factory and logistics investment
- Data centers and power projects expand construction needs
- Materials and rentals can benefit from volume and pricing
- Industrial distribution can compound with customer spending
Key risks
What could go wrong
Big projects can create big execution risk. Cost inflation, labor shortages, fixed-price contracts, delayed permits, and economic slowdowns can pressure margins.
- Fixed-price projects can hurt margins when costs rise
- Labor and materials shortages can delay execution
- Higher rates can delay private construction
- Cyclical machinery demand can turn quickly
- Policy timing can shift project starts
FAQ
Frequently asked questions
Common questions investors have about the Infrastructure Stocks theme.
01What are infrastructure and reshoring stocks?
They are companies tied to US construction, engineering, heavy machinery, aggregates, steel, building products, electrical systems, industrial distribution, rentals, and factory or supply-chain buildout.
02Why combine infrastructure and reshoring?
Both themes draw on similar industrial supply chains: engineering, construction, machinery, steel, aggregates, electrical systems, distributors, rental equipment, and factory automation.
03Are these stocks cyclical?
Yes. Many are economically sensitive, although backlog visibility and public spending can smooth demand for some companies.
04What should I compare first?
Start with market cap, revenue growth, operating margin, free cash flow margin, return on equity, debt, and 1-year returns. Backlog quality matters for contractors, while pricing power matters more for materials and equipment names.
05What is the biggest risk in infrastructure stocks?
Execution risk. Large projects can look attractive in backlog but still hurt margins if labor, materials, permitting, or fixed-price contract assumptions go wrong.
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