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Kiewit Corporation: Business Overview, Financials & Competitive Analysis

Kiewit Corporation scores 6/10 on the AskCyborg Cyborg Score (Solid). Diversified engineering and construction leader with exposure to secular AI/data center demand, but near-term reputation risk from high-profile cost management failures. Strong market position as North America's largest construction firm with $18.2B revenue (2025) and consistent Fortune 500 ranking. However, recent challenges include cost overruns on the Baltimore Key Bridge.

What is Kiewit Corporation's industry? Kiewit Corporation (kiewit.com) operates in Construction & Engineering Services. AskCyborg classifies Kiewit Corporation under Construction & Engineering Services in its company registry.

Kiewit Corporation is one of the largest construction and engineering organizations in North America. The company specializes in transportation, water/wastewater, power, oil/gas/chemical, building, and mining projects...

6/ 10Solid

Cyborg Score thesis

Diversified engineering and construction leader with exposure to secular AI/data center demand, but near-term reputation risk...

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Industry Construction & Engineering Services
4 named competitors
4 recent developments
11 analyst dimensions
Synthesized from analyst-debate stress-testing across 11 dimensions and hundreds of data points. Methodology →
Cyborg Score recalibrated: September 14, 2026
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Analyst-debate audio for Kiewit Corporation

AskCyborg analysts argue the bull and bear cases for Kiewit Corporation across 11 stress-tested dimensions. Listen on your commute -- faster than reading the 30-page report.

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What's in This Report
Kiewit Corporation OverviewStrategic ProfileCompetitive LandscapeIndustry ContextKey facts
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Kiewit Corporation Overview

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Kiewit Corporation is one of the largest construction and engineering organizations in North America. The company specializes in transportation, water/wastewater, power, oil/gas/chemical, building, and mining projects. The company is 100% employee-owned through an ESOP.

Strategic Profile

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Kiewit has built some of America's most iconic infrastructure including highways, dams, bridges, power plants, and data centers. The company is increasingly involved in AI data center construction, a fast-growing segment driven by demand from hyperscale cloud providers. As of early 2026, Kiewit is navigating mixed execution dynamics—winning major transit projects while managing cost overruns on high-visibility bridges.

Competitive Landscape

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Kiewit is consistently ranked among the top contractors by Engineering News-Record (ENR). Primary competitors include Turner Construction, Bechtel, Fluor, Jacobs, and HDR in large-scale infrastructure and engineering services. All compete across transportation, power, oil/gas, water, and emerging data center segments. Kiewit's employee ownership and scale differentiate it, though recent project cost management challenges have exposed execution gaps vs. some peers.

Industry Context

Kiewit Corporation operates in Construction & Engineering Services.

Key facts

Founded: 1884 · Headquarters: Omaha, US · Employees: 34,500 (2025) · Revenue: $18.2B (2025)

What the analysts stress-tested

The top findings that survived the multi-agent debate for Kiewit Corporation.

  • Secured Austin Light Rail operations facility contract (April 2026) as design-build JV, demonstrating ongoing major transit project pipeline
  • Removed from Phase 2 of Maryland Key Bridge reconstruction (April 2026) due to cost escalation from $1.8B estimate to $5B+ current projection—significant reputational and margin pressure
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Recent developments

Material events tracked by the AskCyborg corpus.

  • April 2026Selected as design-build contractor for Austin Light Rail Operations and Maintenance Facility via joint venture
  • April 2026Hydrogen/heavy water production facility pre-FEED study selected by Aterium
  • +2 moreTrack every material event for Kiewit Corporation as it happens. Explore monitoring →
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Named competitors

Pulled from the analyst-debate framework. Click any competitor to see their Cyborg Score.

Turner ConstructionLarge-scale construction and project management→BechtelEngineering and construction for infrastructure and energy→FluorEPC and engineering services for energy and infrastructure→JacobsProfessional services and engineering across infrastructure→

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Industry context

Kiewit Corporation operates in Construction & Engineering Services. See how the rest of the sector scores on the Cyborg framework.

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Sources: public filings, regulatory data, news flow, and proprietary analyst signals. Read the methodology →

Frequently asked questions

What does Kiewit Corporation do?+
Kiewit Corporation is one of the largest construction and engineering organizations in North America. The company specializes in transportation, water/wastewater, power, oil/gas/chemical, building, and mining projects...
What is Kiewit Corporation's Cyborg Score?+
Kiewit Corporation has a Cyborg Score of 6/10 (Solid). The score synthesizes business model, financials, leadership, competitive position, technology, marketing, and ESG dimensions across hundreds of data points.
Who are Kiewit Corporation's main competitors?+
Named competitors include Turner Construction, Bechtel, Fluor, Jacobs. The full competitive landscape is in the AskCyborg report.
How can I get the full Kiewit Corporation research report?+
Get the report plus analyst-debate audio at askcyborg.com -- no credit card required for preview access. Pro adds saved-company audio playlists and monitoring.
How current is the Kiewit Corporation research?+
The Cyborg Score is recalibrated weekly. Recent developments are tracked continuously and surfaced in every report.

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