The largest construction companies in the world are dominated by Chinese state-owned contractors, followed by French, Spanish and US groups. This list ranks 25 companies that Fortune classifies under engineering and construction by their total revenue for fiscal 2025, drawing on the Fortune Global 500 2026, the Fortune 500 Europe 2026 and the US Fortune 500 2026.
China State Construction Engineering Corporation is by far the largest, with revenue of US$289.9bn, almost double that of the second-placed China Railway Engineering Group. Ten of the 25 companies are Chinese, and the five largest are all Chinese state-owned groups.
Contents
- Composition of the ranking
- Methodology
- The list
- Ranking table
- Other notable contractors
- Frequently asked questions
- See also
Composition of the ranking
Ten Chinese companies make up the core of the ranking, eight of which Fortune flags as government owned 50% or more; Pacific Construction Group and Susun Construction Group are listed as private companies. The five largest Chinese contractors each reported revenue above US$100bn.
Outside China, the largest groups are French (Vinci, Bouygues and Eiffage) and Spanish (ACS). The United States contributes six companies, most of them specialist contractors for utility, electrical and energy infrastructure, such as Quanta Services, EMCOR and MasTec, rather than general builders.
Profitability varies widely. Vinci, whose business includes motorway and airport concessions, reported net profit of US$5.5bn, while several Chinese contractors with far higher revenue reported net margins of around 1% or less.
Methodology
The ranking combines every company that Fortune classifies under engineering and construction in three 2026 lists: the Fortune Global 500, the Fortune 500 Europe and the US Fortune 500. The Global 500, published on 28 July 2026, ranks companies by revenue for fiscal 2025. Companies appearing on more than one list are counted once, using their Global 500 figures. Entries are ordered strictly by total revenue for the latest fiscal year in US dollars as published by Fortune, which converts non-US figures at the average exchange rate of each company's fiscal year.
Homebuilders, building-materials producers and construction-machinery makers, which Fortune classifies separately, are excluded. Revenue is total company revenue, not construction revenue alone, so diversified groups such as Bouygues and Vinci include their non-construction activities.
Coverage limitation. The Global 500 includes only companies with revenue of at least about US$33.2bn, the revenue of its 500th company. Contractors headquartered outside Europe and the United States with revenue below that level, including large Japanese, Korean, Indian and many Chinese provincial contractors, do not appear in any of the three lists and are therefore not ranked here, even though some may have revenue above the US$12.5bn of the 25th entry.
The list
1
CS
Beijing-based state-owned builder; largest construction company in the world by revenue
Best for: Building construction
China State Construction Engineering Corporation is the largest construction company in the world by revenue and the only contractor in the top 25 of the Fortune Global 500 2026, where it ranks 17th. Fortune records fiscal 2025 revenue of US$289.9bn, down 4.7%, and net profit of US$3.1bn. It is government owned 50% or more, according to Fortune. Headquartered in Beijing, it employs 370,272 people, the largest workforce of any company on this list.
- Revenue (latest fiscal year)
- US$289.9bn (Fortune, converted to US dollars)
- Fiscal year end
- 31 December 2025
- Revenue change (US$)
- -4.7%
- Employees
- 370,272
- Headquarters
- Beijing, China
- Industry (Fortune)
- Engineering & Construction
- Chief executive
- Zheng Xuexuan
- Fortune Global 500 2026 rank
- 17
- Stock listing (Fortune)
- Not listed
2
CR
State-owned railway and infrastructure contractor
Best for: Railway and civil engineering
China Railway Engineering Group is a state-owned infrastructure contractor best known for railway construction. Fortune records fiscal 2025 revenue of US$152.2bn, down 5.7%, and net profit of US$1.2bn. Fortune flags it as government owned 50% or more. The group is headquartered in Beijing, employs 302,527 people and ranks 49th in the Global 500.
- Revenue (latest fiscal year)
- US$152.2bn (Fortune, converted to US dollars)
- Fiscal year end
- 31 December 2025
- Revenue change (US$)
- -5.7%
- Employees
- 302,527
- Headquarters
- Beijing, China
- Industry (Fortune)
- Engineering & Construction
- Chief executive
- Chen Wen Jian
- Fortune Global 500 2026 rank
- 49
- Stock listing (Fortune)
- Not listed
3
CR
State-owned railway, road and urban infrastructure builder
Best for: Railway and civil engineering
China Railway Construction Corporation is the second of China's two large railway contractors, with revenue only about US$8.7bn below China Railway Engineering Group. Fortune records fiscal 2025 revenue of US$143.5bn, down 3.3%, and net profit of US$1.2bn. It is government owned 50% or more. The company is based in Beijing and employs 304,927 people, slightly more than its rival.
- Revenue (latest fiscal year)
- US$143.5bn (Fortune, converted to US dollars)
- Fiscal year end
- 31 December 2025
- Revenue change (US$)
- -3.3%
- Employees
- 304,927
- Headquarters
- Beijing, China
- Industry (Fortune)
- Engineering & Construction
- Chief executive
- Dai Hegen
- Fortune Global 500 2026 rank
- 57
- Stock listing (Fortune)
- Not listed
4
CC
State-owned builder of ports, roads, bridges and dredging works
Best for: Transport infrastructure
China Communications Construction Company builds transport infrastructure such as ports, roads and bridges. Fortune records fiscal 2025 revenue of US$134.1bn, down 3.7%, and net profit of US$276m. It is government owned 50% or more, according to Fortune. Headquartered in Beijing, it employs 198,592 people and ranks 66th in the Global 500.
- Revenue (latest fiscal year)
- US$134.1bn (Fortune, converted to US dollars)
- Fiscal year end
- 31 December 2025
- Revenue change (US$)
- -3.7%
- Employees
- 198,592
- Headquarters
- Beijing, China
- Industry (Fortune)
- Engineering & Construction
- Chief executive
- Song Hailiang
- Fortune Global 500 2026 rank
- 66
- Stock listing (Fortune)
- Not listed
5
P
State-owned power and water infrastructure contractor
Best for: Power and hydro projects
PowerChina (Power Construction Corporation of China) specialises in power-generation, hydropower and water-infrastructure projects. It is the fifth and last Chinese contractor with revenue above US$100bn, reporting US$101.9bn for fiscal 2025, up 2%. Fortune flags it as government owned 50% or more. It employs 179,815 people.
- Revenue (latest fiscal year)
- US$101.9bn (Fortune, converted to US dollars)
- Fiscal year end
- 31 December 2025
- Revenue change (US$)
- 2%
- Employees
- 179,815
- Headquarters
- Beijing, China
- Industry (Fortune)
- Engineering & Construction
- Chief executive
- Ding Yanzhang
- Fortune Global 500 2026 rank
- 104
- Stock listing (Fortune)
- Not listed
6
Nanterre-based concessions and construction group
Best for: Construction and concessions
Vinci is the largest construction company outside China by revenue and the largest in Europe. Its businesses include construction, energy services and concessions such as motorways and airports. Fortune records fiscal 2025 revenue of US$85.4bn, up 8.5%, and net profit of US$5.5bn, the highest of any company on this list. The group is headquartered in Nanterre and employs 293,786 people.
- Revenue (latest fiscal year)
- US$85.4bn (Fortune, converted to US dollars)
- Fiscal year end
- 31 December 2025
- Revenue change (US$)
- 8.5%
- Employees
- 293,786
- Headquarters
- Nanterre, France
- Industry (Fortune)
- Engineering & Construction
- Fortune Global 500 2026 rank
- 149
7
PC
Privately owned Chinese infrastructure contractor
Best for: Infrastructure
Pacific Construction Group is a Chinese infrastructure contractor that Fortune lists as a private company, without the state-ownership flag carried by most Chinese contractors on the list. Fortune gives Urumqi as its headquarters city and records fiscal 2025 revenue of US$79.3bn, up 5.2%. Its reported net profit of US$5.2bn is the second highest on this list, after Vinci. It employs 208,135 people.
- Revenue (latest fiscal year)
- US$79.3bn (Fortune, converted to US dollars)
- Fiscal year end
- 31 December 2025
- Revenue change (US$)
- 5.2%
- Employees
- 208,135
- Headquarters
- Urumqi, China
- Industry (Fortune)
- Engineering & Construction
- Chief executive
- Yan Hao
- Fortune Global 500 2026 rank
- 170
- Stock listing (Fortune)
- Not listed
8
Paris-based construction, telecoms and media group
Best for: Construction and diversified
Bouygues is a diversified French group whose activities include construction, energy and services, telecommunications and media. Fortune classifies it under engineering and construction and records fiscal 2025 revenue of US$64.2bn, up 4.5%, with net profit of US$1.3bn. It is headquartered in Paris and employs 192,158 people.
- Revenue (latest fiscal year)
- US$64.2bn (Fortune, converted to US dollars)
- Fiscal year end
- 31 December 2025
- Revenue change (US$)
- 4.5%
- Employees
- 192,158
- Headquarters
- Paris, France
- Industry (Fortune)
- Engineering & Construction
- Fortune Global 500 2026 rank
- 229
9
CE
State-owned energy-sector engineering and construction group
Best for: Energy infrastructure
China Energy Engineering Group designs and builds power plants, grids and other energy infrastructure. Fortune flags it as government owned 50% or more. Fiscal 2025 revenue was US$63.4bn, up 3.8%, and net profit was US$338m. It is headquartered in Beijing and employs 117,995 people.
- Revenue (latest fiscal year)
- US$63.4bn (Fortune, converted to US dollars)
- Fiscal year end
- 31 December 2025
- Revenue change (US$)
- 3.8%
- Employees
- 117,995
- Headquarters
- Beijing, China
- Industry (Fortune)
- Engineering & Construction
- Chief executive
- Ni Zhen
- Fortune Global 500 2026 rank
- 234
- Stock listing (Fortune)
- Not listed
10
AG
Madrid-based construction group
Best for: Construction
ACS Actividades de Construcción y Servicios is a Spanish construction group. Fortune records fiscal 2025 revenue of US$56.2bn, up 24.9%, the fastest growth among the ten largest companies on this list. Net profit was US$1.1bn. ACS is headquartered in Madrid and employs 167,803 people.
- Revenue (latest fiscal year)
- US$56.2bn (Fortune, converted to US dollars)
- Fiscal year end
- 31 December 2025
- Revenue change (US$)
- 24.9%
- Employees
- 167,803
- Headquarters
- Madrid, Spain
- Industry (Fortune)
- Engineering & Construction
- Fortune Global 500 2026 rank
- 270
11
SC
Shanghai-based construction group
Best for: Building construction
Susun Construction Group is a Shanghai-based construction company. Fortune lists it as a private company, without the government-ownership flag. Its fiscal 2025 revenue was US$45.9bn, up 2%, and net profit was US$69m. It employs 101,372 people.
- Revenue (latest fiscal year)
- US$45.9bn (Fortune, converted to US dollars)
- Fiscal year end
- 31 December 2025
- Revenue change (US$)
- 2%
- Employees
- 101,372
- Headquarters
- Shanghai, China
- Industry (Fortune)
- Engineering & Construction
- Chief executive
- Yan Xin
- Fortune Global 500 2026 rank
- 340
- Stock listing (Fortune)
- Not listed
12
GM
Municipal state-owned infrastructure builder
Best for: Urban infrastructure
Guangzhou Municipal Construction Group builds urban infrastructure and is government owned 50% or more, according to Fortune. Fiscal 2025 revenue was US$37.8bn, up 6%, and net profit was US$123m. It is headquartered in Guangzhou, employs 45,635 people and ranks 430th in the Global 500.
- Revenue (latest fiscal year)
- US$37.8bn (Fortune, converted to US dollars)
- Fiscal year end
- 31 December 2025
- Revenue change (US$)
- 6%
- Employees
- 45,635
- Headquarters
- Guangzhou, China
- Industry (Fortune)
- Engineering & Construction
- Chief executive
- Li Shuijiang
- Fortune Global 500 2026 rank
- 430
- Stock listing (Fortune)
- Not listed
13
SI
Sichuan provincial state-owned transport infrastructure group
Best for: Transport infrastructure investment
Shudao Investment Group is a state-owned transport-infrastructure investment and construction group based in Chengdu. Fortune flags it as government owned 50% or more and classifies it under engineering and construction. Fiscal 2025 revenue was US$37.2bn, up 4.1%, while net profit was only US$2.9m, the lowest of the profitable companies on this list. It employs 59,970 people.
- Revenue (latest fiscal year)
- US$37.2bn (Fortune, converted to US dollars)
- Fiscal year end
- 31 December 2025
- Revenue change (US$)
- 4.1%
- Employees
- 59,970
- Headquarters
- Chengdu, China
- Industry (Fortune)
- Engineering & Construction
- Chief executive
- Zhang Sheng
- Fortune Global 500 2026 rank
- 445
- Stock listing (Fortune)
- Not listed
14
DH
Osaka-based housebuilder and commercial construction group
Best for: Housing and commercial construction
Daiwa House Industry builds houses, apartments and commercial and logistics facilities and is the only Japanese company in this ranking. Its figures are for the fiscal year ended 31 March 2026. Revenue was US$37.0bn, up 3.8%, and net profit was US$2.3bn. It is headquartered in Osaka and employs 55,712 people.
- Revenue (latest fiscal year)
- US$37.0bn (Fortune, converted to US dollars)
- Fiscal year end
- 31 March 2026
- Revenue change (US$)
- 3.8%
- Employees
- 55,712
- Headquarters
- Osaka, Japan
- Industry (Fortune)
- Engineering & Construction
- Chief executive
- Keiichi Yoshii
- Fortune Global 500 2026 rank
- 449
- Stock listing (Fortune)
- Listed
15
French construction, energy and concessions group
Best for: Construction and concessions
Eiffage is the third French group on this list, after Vinci and Bouygues, and the largest contractor not included in the Global 500. Fortune Europe records fiscal 2025 revenue of US$29.5bn, up 13.38%. Its Fortune entry gives Vélizy-Villacoublay as headquarters city and records 84,768 employees.
- Revenue (latest fiscal year)
- US$29.5bn (Fortune, converted to US dollars)
- Fiscal year end
- 31 December 2025
- Revenue change (US$)
- 13.38%
- Employees
- 84,768
- Headquarters
- Vélizy-Villacoublay, France
- Industry (Fortune)
- Engineering, Construction
- Fortune 500 Europe 2026 rank
- 148
16
QS
Houston-based contractor for electric power, utility and communications infrastructure
Best for: Utility infrastructure
Quanta Services is the largest US company that Fortune classifies under engineering and construction. It builds and maintains electric transmission and distribution networks and other utility infrastructure. Fortune records revenue of US$28.5bn, up 20.3%. The company is headquartered in Houston and employs 69,500 people.
- Revenue (latest fiscal year)
- US$28.5bn (Fortune)
- Fiscal year
- Fiscal 2025 (company fiscal calendar)
- Revenue change (US$)
- 20.3%
- Employees
- 69,500
- Headquarters
- Houston, Texas, US
- Industry (Fortune)
- Engineering & Construction
- Fortune 500 2026 rank
- 157
17
Austrian construction group
Best for: Construction
Strabag is an Austrian construction group active in building, civil engineering and road construction across Europe. Fortune Europe records fiscal 2025 revenue of US$21.1bn, up 12.03%. Its Fortune entry gives Villach as headquarters city and records 76,942 employees.
- Revenue (latest fiscal year)
- US$21.1bn (Fortune, converted to US dollars)
- Fiscal year end
- 31 December 2025
- Revenue change (US$)
- 12.03%
- Employees
- 76,942
- Headquarters
- Villach, Austria
- Industry (Fortune)
- Engineering, Construction
- Fortune 500 Europe 2026 rank
- 213
18
Privately held Omaha contractor
Best for: Civil and industrial construction
Peter Kiewit Sons', which operates as Kiewit, is listed by Fortune as a private company. Revenue was US$18.2bn, up 8.2%, and net profit was US$1.6bn. Kiewit is headquartered in Omaha, Nebraska, and employs 34,500 people.
- Revenue (latest fiscal year)
- US$18.2bn (Fortune)
- Fiscal year
- Fiscal 2025 (company fiscal calendar)
- Revenue change (US$)
- 8.2%
- Employees
- 34,500
- Headquarters
- Omaha, Nebraska, US
- Industry (Fortune)
- Engineering & Construction
- Chief executive
- Rick Lanoha
- Fortune 500 2026 rank
- 242
- Stock listing (Fortune)
- Not listed
19
S
Stockholm-based construction and project development group
Best for: Construction
Skanska is a Swedish construction and project-development group. Fortune Europe records fiscal 2025 revenue of US$18.0bn, up 7.84%. It is headquartered in Stockholm and employs 25,865 people. Its revenue was within about US$210m of Kiewit's.
- Revenue (latest fiscal year)
- US$18.0bn (Fortune, converted to US dollars)
- Fiscal year end
- 31 December 2025
- Revenue change (US$)
- 7.84%
- Employees
- 25,865
- Headquarters
- Stockholm, Sweden
- Industry (Fortune)
- Engineering, Construction
- Fortune 500 Europe 2026 rank
- 246
20
Mechanical and electrical construction and facilities services company
Best for: Specialty construction
EMCOR Group provides mechanical and electrical construction and building services. Fortune records revenue of US$17.0bn, up 16.6%. The company is headquartered in Norwalk, Connecticut, and employs 44,000 people.
- Revenue (latest fiscal year)
- US$17.0bn (Fortune)
- Fiscal year
- Fiscal 2025 (company fiscal calendar)
- Revenue change (US$)
- 16.6%
- Employees
- 44,000
- Headquarters
- Norwalk, Connecticut, US
- Industry (Fortune)
- Engineering & Construction
- Fortune 500 2026 rank
- 265
21
Dallas-based infrastructure design and consulting firm
Best for: Engineering and design
AECOM provides design, engineering and consulting services for infrastructure. Its Fortune figures are for the fiscal year ended 30 September 2025 and include revenues from discontinued operations. Revenue was US$16.2bn, down 0.3%. AECOM is headquartered in Dallas and employs 51,000 people.
- Revenue (latest fiscal year)
- US$16.2bn (Fortune)
- Fiscal year end
- 30 September 2025
- Revenue change (US$)
- -0.3%
- Employees
- 51,000
- Headquarters
- Dallas, Texas, US
- Industry (Fortune)
- Engineering & Construction
- Chief executive
- W. Troy Rudd
- Fortune 500 2026 rank
- 276
- Stock listing (Fortune)
- Listed
22
F
Irving-based engineering, procurement and construction company
Best for: Industrial EPC
Fluor is an engineering, procurement and construction company serving energy, industrial and infrastructure clients. Fortune records revenue of US$15.5bn, down 5%, and a net loss of US$51m, the only loss among the 25 companies listed here. The company is headquartered in Irving, Texas, and employs 22,995 people, the second-smallest workforce on this list.
- Revenue (latest fiscal year)
- US$15.5bn (Fortune)
- Fiscal year
- Fiscal 2025 (company fiscal calendar)
- Revenue change (US$)
- -5%
- Employees
- 22,995
- Headquarters
- Irving, Texas, US
- Industry (Fortune)
- Engineering & Construction
- Fortune 500 2026 rank
- 292
23
Milan-based civil engineering contractor
Best for: Large civil works
Webuild is an Italian contractor specialising in large civil-engineering projects such as dams, railways and bridges. Fortune Europe records fiscal 2025 revenue of US$15.3bn, up 20.03%. It is headquartered in Milan and employs 40,572 people.
- Revenue (latest fiscal year)
- US$15.3bn (Fortune, converted to US dollars)
- Fiscal year end
- 31 December 2025
- Revenue change (US$)
- 20.03%
- Employees
- 40,572
- Headquarters
- Milan, Italy
- Industry (Fortune)
- Engineering, Construction
- Fortune 500 Europe 2026 rank
- 296
24
M
Infrastructure contractor for communications, energy and utilities
Best for: Utility and energy infrastructure
MasTec builds communications, power-delivery, pipeline and clean-energy infrastructure. Fortune records revenue of US$14.3bn, up 16.2%. The company is headquartered in Coral Gables, Florida, and employs 36,000 people.
- Revenue (latest fiscal year)
- US$14.3bn (Fortune)
- Fiscal year
- Fiscal 2025 (company fiscal calendar)
- Revenue change (US$)
- 16.2%
- Employees
- 36,000
- Headquarters
- Coral Gables, Florida, US
- Industry (Fortune)
- Engineering & Construction
- Fortune 500 2026 rank
- 319
25
BB
London-based infrastructure group
Best for: Infrastructure construction
Balfour Beatty is the largest UK contractor in Fortune's European ranking. Fortune Europe records fiscal 2025 revenue of US$12.5bn, up 18.81%. It is headquartered in London and employs 19,290 people, the smallest workforce among the 25 companies listed here.
- Revenue (latest fiscal year)
- US$12.5bn (Fortune, converted to US dollars)
- Fiscal year end
- 31 December 2025
- Revenue change (US$)
- 18.81%
- Employees
- 19,290
- Headquarters
- London, UK
- Industry (Fortune)
- Engineering, Construction
- Fortune 500 Europe 2026 rank
- 346
Other notable contractors
Frequently asked questions
What is the largest construction company in the world?
China State Construction Engineering Corporation (CSCEC) is the largest construction company in the world by revenue, with US$289.9bn for fiscal 2025 according to the Fortune Global 500 2026. It ranks 17th among all companies worldwide and employs 370,272 people. Fortune flags it as government owned 50% or more.
What is the largest construction company outside China?
Vinci of France is the largest construction company outside China, with fiscal 2025 revenue of US$85.4bn on Fortune's figures. It also reported the highest net profit on this list, US$5.5bn. Bouygues, also French, and ACS of Spain follow with US$64.2bn and US$56.2bn respectively.
What is the largest construction company in the US?
Among US companies that Fortune classifies under engineering and construction, Quanta Services is the largest, with revenue of US$28.5bn in the Fortune 500 2026. Kiewit, at US$18.2bn and listed by Fortune as a private company, is second, followed by EMCOR Group, AECOM, Fluor and MasTec.
Why are Chinese companies the largest builders?
The largest Chinese contractors are state-owned groups that carry out much of China's railway, road, power and urban construction. Fortune flags eight of the ten Chinese companies on this list as government owned 50% or more. Their revenues are large but their net profit margins are generally thin, around 1% or less for several of them.
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