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Construction - Special Trade Contractors: capital spending and supply chain

SIC 1700 · 8 companies with filed cash-flow statements

Capital spending, 12 months$136M
Operating cash flow$1.1B
Capex / cash flow13%
Capex / revenue1.2%
Top 3 share94%

Analysis

8 companies in Construction - Special Trade Contractors (SIC 1700) spent $136M on capital projects over their latest twelve months, 13% of the $1.1B their operations generated; the three largest spenders — LGN, BBCP, AGX — account for 94%.

Capital spending is 1.2% of the industry's $11.4B of annual revenue.

By the industry's asset mix most of it goes to equipment (77%); about $40.5M is imported.

The largest supplier of that spending is construction machinery manufacturing ($33.5M).

Its largest supplying industries, by the input-output tables: imports ($597M), building material and garden equipment and supplies dealers ($536M), other durable goods merchant wholesalers ($335M).

Charts

Construction - Special Trade Contractors: capital spending by company, latest twelve monthsConstruction - Special Trade Contractors: capital spending by company, latest twelve monthsLGN$65.6MBBCP$52.5MAGX$9.5MMTRX$4.2MLMB$2.0MCETX$1.5MZEO$823KSUNE$42K
Filed cash-flow statements (SEC XBRL).
Construction - Special Trade Contractors: what the capital spending buys (US part)Construction - Special Trade Contractors: what the capital spending buys (US part)Structures$11.1MEquipment$73.5MSoftware$6.2MOther$4.8M
Capital spending × the industry’s asset mix (BEA fixed assets): grade C, an industry average applied to filed figures.
Construction - Special Trade Contractors: the industries that build and sell what it buysConstruction - Special Trade Contractors: the industries that build and sell what it buysConstruction machinery manufactur…$33.5MLight truck and utility vehicle m…$23.2MOffice and commercial structures$6.2MHeavy duty truck manufacturing$4.5MManufacturing structures$4.4MSoftware publishers$3.3MTruck trailer manufacturing$1.9MMotor vehicle body manufacturing$1.7MComputer systems design services$1.7MAll other miscellaneous manufactu…$1.3M
BEA fixed assets: investment by asset type → supplying industry. Estimates (grade C).
Construction - Special Trade Contractors: its first-tier supplying industriesConstruction - Special Trade Contractors: its first-tier supplying industriesImports$597MBuilding material and garden equi…$536MOther durable goods merchant whol…$335MArchitectural, engineering, and r…$264MReady-mix concrete manufacturing$202MPlate work and fabricated structu…$188MOrnamental and architectural meta…$175MTruck transportation$168MPetroleum refineries$154MCommercial and industrial machine…$146M
Purchased inputs × the industry’s input mix (BEA Use table), US part: grade C.
Construction - Special Trade Contractors: where the industry's cash came from (+) and went (−)Construction - Special Trade Contractors: where the industry's cash came from (+) and went (−)Other financing (in)$70.2BShares issued (net out)−$69.0BOther investing (out)−$2.1BOperating cash flow$1.3BPartners' money in$1.2BNet debt repaid−$903MNet borrowing$473MCash added to the balance she…−$413MAcquisitions−$297MOther financing (out)−$205MCapital spending−$136MOperating cash outflow−$93.7MCash drawn from the balance s…$54.6MDividends−$28.1M
The companies’ cash-flow statements, latest four quarters or fiscal year: every figure filed (grade A).

Capital spending by company

CompanyCapital spendingOperating cash flowCapex / OCFPeriod
LGN Legence$65.6M$389M17%TTM to Q2 2026
BBCP Concrete Pumping Holdings$52.5M$68.1M77%TTM to Q3 FY26
AGX Argan$9.5M$555M2%TTM to Q2 FY27
MTRX Matrix Service$4.2M−$4.2M—TTM to Q1 FY27
LMB Limbach Holdings$2.0M$59.3M3%TTM to Q3 2026
CETX Cemtrex$1.5M−$8.2M—TTM to Q3 FY26
ZEO Zeo Energy$823K−$5.5M—TTM to Q2 2026
SUNE SUNation Energy$42K−$1.8M—TTM to Q2 2026

Customers and suppliers named in annual reports

SupplierCustomerShare of supplier revenueEvidenceSource
AMRCU.S. government22%Stated in 10-K (sentence)filing
BBCPWM19%Stated in 10-K (sentence)filing

The interactive money flow: switch views, follow each dollar →

Evidence grades: A filed figure · B computed from filed figures · C industry average (BEA input-output and fixed-asset tables) applied to filed figures. Estimates are not the companies’ own records. Not investment advice.