Biggest U.S. Construction Companies to Watch in 2023

Across the globe, there are thousands of construction firms performing all types of construction projects, ranging from infrastructure to commercial, industrial, military, and residential work.

According to research, the global revenue of construction was $8.2 trillion in 2022 and is forecast to be nearly double that by 2030, at $14.4 trillion. In the U.S., construction work provided employment for almost eight million people by mid-2022, despite drastic construction inflation. 

While the largest construction firms in the country provide obvious valuable growth and progress, it should be noted that all construction companies - small, medium, and large - provide important jobs for American workers and families. In many ways, workers in construction are an important part of the backbone of growth and progress in the country.

1. Bechtel

Bechtel is often at the top of the list of the biggest construction firms in the U.S.,having completed over 25,000 projects in 160 countries, on all continents. Their mission is to help “create a cleaner, greener, safer world” through their many projects and initiatives, which, interestingly, is a common theme amongst most large construction firms, globally.

• Revenue: $17.5 billion USD
• Employees: 55,000
• Headquarters: Reston, VA
• Founded: 1898
• Specialties: Infrastructure; Defense & Nuclear Security; Energy; Environmental cleanup and management; Mining and Metals; Petrochemicals; Water; Manufacturing and technology.A
• Most notable projects: Hoover Dam, Trans-Arabian pipeline; Bay Area Rapid Transit (BART) system

2. Turner

Turner is known to take on as many as 1,500 projects per year and embraces lean building and BIM to reach an organizational goal of cutting 50 percent of greenhouse gas emissions and water consumption on their project sites, by 2030.

• Total Revenue: $14.4 billion USD
• Employees: 10,000
• Headquarters: New York, NY
• Founded: 1902
• Specialties: Aviation/transportation; Commercial; Education; Green building; Healthcare; Government; Infrastructure; Industrial/Manufacturing; Residential; Religious; Sports; Interior; Retail; Restaurant
• Most notable projects: Madison Square Garden, New York, NY; Harvard University Science and Engineering Complex; Columbus Crew MLS Stadium; Anaheim Convention Center; Nationwide Children’s Hospital Inpatient Tower

3. Fluor Corporation

For over 100 years, Fluor Corporation has been providing construction services and has grown to become a global engineering and construction firm. It is a Fortune 500 company with offices across the globe.

• Total Revenue: $13.7 Billion USD
• Employees: 40,582
• Headquarters: Irving, TX
• Founded: 1912
• Specialties: Energy; Urbanization; Infrastructure; Mining & Metals; Life sciences; Government
• Most notable projects; Buddha Tower; Gordie Howe International Bridge; Takeda Pharmaceutical Company; Portsmouth Decontamination and Decommissioning

4. AECOM

AECOM is the youngest company on the list, having been established in 1990. Since then, AECOM has become a publicly traded company with more than 50 companies joining their brand.

• Total Revenue: $13.1 Billion USD
• Employees: 50,000
• Headquarters: Dallas, TX
• Founded: 1990
• Specialties: Industrial construction; Commercial and Residential construction; Energy; Government; Leisure; Industrial; Retail; Infrastructure
• Most notable projects: Arlington Downs; Folsom Lake Crossing; O’Hare International Airport; Romaine Hydroelectric Complex

5. Kiewit Corp.

Heavily focused on safety, compliance, and ethics, Kiewit Corp. is an award-winning, privately-owned, Fortune 500 company with locations all across the U.S. and extending into Canada. 

• Total Revenue: $12.1 Billion USD
• Employees: 28,800
• Headquarters: Omaha, NE
• Founded: 1884
• Specialties: Commercial construction Industrial construction; Mining; Oil, Gas, and Chemical; Power; Transportation; Water
• Most notable projects: I-229 Corridor, (South Dakota); Salt Lake City University Line; Ghent CCR Transport Project; Homestead Motorsports Complex
• Rating in 2021: 4th

6. STO Building Group

The Structure Tone Organization grew from a small company in New England to become one of the largest organizations in the U.S. STO is not a construction firm in itself, but, rather, an empire of eight different construction firms that has grown over the years. 

• Total Revenue: $9.5 Billion USD
• Employees: ~4,700
• Headquarters: New York, NY
• Founded: 1971
• Specialties: Arts & Entertainment; Broadcast media; Commercial; Corporate; Cultural; Corrections; Financial; Education; Healthcare; Government; Historic; Industrial; Hospitality; Justice; Life sciences; Law; Sports and Entertainment; Public safety; R&D facilities; Multi-unit residential construction; Retail; Restaurant; Technology
• Most Notable Projects: Tecovas, Inc; Urban Glass House; St. Patrick’s Cathedral Restoration; Sage Plaza
• Rank in 2021: 6th

7. The Whiting-Turner Contracting Co.

The Whiting-Turner Contracting Company operates strictly in the U.S. and ranks 54 among the country’s largest private companies (2022). They have over 50 locations in the nation, and provide construction services for small and large projects.

• Total Revenue: $8.84 Billion USD 
• Employees: 4,227
• Headquarters: Baltimore, MD
• Founded: 1909
• Specialties: Culture; Residential; Mission Critical; Entertainment; Military; Industrial; Education; Healthcare; Sports & Fitness; Government; Education; Historical; Hospitality; Science & Technology; Office; Retail; Parking; Transportation; Water
• Most notable projects: Del Amo Fashion Center Redevelopment; TruBlu Logistics Knoxville Distribution Center; Porsche North American Headquarters.
• Ranking in 2021: 5th

8. DPR Construction

Beginning with three construction veterans and a $750,000 collective capital pool, DPR Construction has now grown to be among the largest construction firms in the country, climbing up the list impressively in 2022. 

• Total Revenue: $7.5 Billion USD
• Employees: 8,000
• Headquarters: Redwood City, CA
• Founded: 1990
• Specialties: Mission Critical; Healthcare; Higher Education; Manufacturing; Office; Research & Development; Hospitality
• Most notable projects: Library of Congress, National Audio-Visual Conservation Center; Arizona State University Biodesign Institute; Modernization of Tampa International Airport;
• Rank in 2021: 10th

9. Skanska USA

Skanska USA is a Fortune 500 company that is a U.S.-based division of the Swedish company, Sanska, which operates across Europe. Skanska has been frequently recognized globally as a “green” company, receiving multiple awards and accolades for their commitment to sustainability, and was ranked number one in the U.S. for being a “Green Builder.”

• Total Revenue: 6.9 Billion USD
• Employees: 6,500+
• Headquarters: New York, NY
• Founded: 1971
• Specialties: Commercial construction; Industrial construction; Infrastructure; Residential (multi-unit) construction
• Most notable projects: Bank of America Tower; RBM Development Company; JW Marriott Hotel, Nashville; Jefferson County new Courthouse; Johnson & Johnson R&D Laboratory expansion
• Rank in 2021: 9th

10. Clark Construction Group

Originally established as Hyman Construction, founded by George Hyman, as the company grew and built new enterprises, Clark Construction Group was formed with the merger of Hyman and OMNI construction. In addition to construction, Clark Construction Group has established multiple subsidiaries, with offices across the United States.

• Total Revenue: $6.3 Billion USD
• Employees: 4,200
• Headquarters: Bethesda, MD
• Founded: 1906
• Specialties: Industrial construction; Commercial construction; Infrastructure; Medical; Education; Sports & Entertainment; Residential; Military; Science; Governmental
• Most notable projects: Seattle Convention Center; Kansas City International Airport new terminal; Long Beach Civic Center; Atlanta Water Supply Program
• Rank in 2021: 13

America’s Biggest Construction Companies: What They Share

Of course, growing to have construction firms this size, doesn’t happen overnight. It takes dedication, hard work, innovation, and flexibility, among other things. These companies don’t just provide meaningful public and private construction services; They also provide thousands of jobs to American workers every day.

Interestingly, there are a few things these successful Fortune 500 construction firms have in common:

• They embrace technology and innovation.
• They encourage and promote diversity and inclusion.
• They make safety for their employees a top priority.
• They strive to be environmentally responsible.

For continued growth, today’s construction companies should look at these - and other - commonalities among the most successful companies. If you’re ready to begin evolving your construction company, you can start with a simple solution like ClockShark, free for 14-days.

Sources

https://www.forbes.com/companies/bechtel/?sh=286f926b1d93
https://www.zippia.com/turner-construction-careers-1044921/revenue/
https://investors.aecom.com/news-releases/news-release-details/aecom-reports-fourth-quarter-and-full-year-fiscal-2022-results
https://newsroom.fluor.com/news-releases/news-details/2023/Fluor-Reports-Fourth-Quarter-and-Full-Year-2022-Results/default.aspx
https://www.forbes.com/companies/kiewit/?sh=836a5df3baec 
https://www.forbes.com/companies/sto-building-group/?sh=217b491a504d
https://www.forbes.com/companies/whiting-turner-contracting/?sh=1d7d2b783268 
https://www.forbes.com/companies/dpr-construction/?sh=13eeffe3f810
https://www.usa.skanska.com/who-we-are/about-skanska/quick-facts-and-figures/ https://www.enr.com/toplists/2022-Top-400-Contractors-1-preview

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Cristina Johnson

Cristina is a former journalist and certified content marketing writer. She is a self-proclaimed foodie and loves animals, reading, and fishing.