Investing IdeasBrowse All StocksMarkets
Have your own idea? Try our Stock Screener
Header cover image

U.S. Industrials Sector Analysis

UpdatedFeb 19, 2026
DataAggregated Company Financials
Companies1053
  • 7D-0.2%
  • 3M19.8%
  • 1Y27.6%
  • YTD10.9%

Last week, the Industrials industry hasn't moved much but General Electric is up 5.1% in that time. As for the the longer term, the industry is up 28% over the past 12 months. As for the next few years, earnings are expected to grow by 15% per annum.

Sector Valuation and Performance

Has the U.S. Industrials Sector valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 19 Feb 2026US$7.4tUS$2.8tUS$208.8b27.1x35.6x2.6x
Sat, 17 Jan 2026US$6.9tUS$2.7tUS$209.3b26.1x33x2.5x
Mon, 15 Dec 2025US$6.5tUS$2.7tUS$209.6b25.1x30.9x2.4x
Wed, 12 Nov 2025US$6.4tUS$2.7tUS$211.1b24.5x30.4x2.3x
Fri, 10 Oct 2025US$6.5tUS$2.7tUS$210.1b24.8x30.8x2.4x
Sun, 07 Sep 2025US$6.2tUS$2.7tUS$208.3b25x29.8x2.3x
Tue, 05 Aug 2025US$6.1tUS$2.7tUS$210.2b23.9x29x2.3x
Thu, 03 Jul 2025US$6.0tUS$2.7tUS$205.2b24.1x29.3x2.2x
Sat, 31 May 2025US$5.8tUS$2.7tUS$206.2b22.4x27.9x2.1x
Mon, 28 Apr 2025US$5.2tUS$2.7tUS$204.6b20.7x25.6x1.9x
Wed, 26 Mar 2025US$5.5tUS$2.7tUS$203.2b21.4x26.9x2x
Fri, 21 Feb 2025US$5.8tUS$2.7tUS$209.4b23.1x27.5x2.1x
Sun, 19 Jan 2025US$5.8tUS$2.7tUS$196.4b24.6x29.5x2.1x
Tue, 17 Dec 2024US$5.8tUS$2.7tUS$198.3b24.1x29.2x2.1x
Thu, 14 Nov 2024US$6.0tUS$2.7tUS$194.7b25x30.8x2.2x
Sat, 12 Oct 2024US$5.7tUS$2.7tUS$180.3b23.9x31.5x2.1x
Mon, 09 Sep 2024US$5.2tUS$2.7tUS$179.8b21.1x28.9x1.9x
Wed, 07 Aug 2024US$5.0tUS$2.7tUS$179.8b21.1x28x1.9x
Fri, 05 Jul 2024US$5.1tUS$2.7tUS$170.3b21.5x30.1x1.9x
Sun, 02 Jun 2024US$5.2tUS$2.7tUS$169.9b22.7x30.8x1.9x
Tue, 30 Apr 2024US$5.2tUS$2.7tUS$169.3b22.7x30.7x1.9x
Thu, 28 Mar 2024US$5.3tUS$2.7tUS$172.6b23.6x30.9x2x
Sat, 24 Feb 2024US$5.1tUS$2.7tUS$174.3b23.2x29.2x1.9x
Mon, 22 Jan 2024US$4.9tUS$2.7tUS$184.2b20.7x26.4x1.8x
Wed, 20 Dec 2023US$4.9tUS$2.7tUS$182.7b21.5x26.8x1.8x
Fri, 17 Nov 2023US$4.5tUS$2.7tUS$181.9b19.3x24.8x1.7x
Sun, 15 Oct 2023US$4.4tUS$2.7tUS$192.6b17.8x22.8x1.6x
Tue, 12 Sep 2023US$4.5tUS$2.7tUS$189.3b18.4x24x1.7x
Thu, 10 Aug 2023US$4.7tUS$2.7tUS$189.4b19x24.7x1.7x
Sat, 08 Jul 2023US$4.5tUS$2.7tUS$185.6b17.9x24.4x1.7x
Mon, 05 Jun 2023US$4.3tUS$2.7tUS$182.9b17.5x23.5x1.6x
Wed, 03 May 2023US$4.3tUS$2.7tUS$187.9b17.6x22.8x1.6x
Fri, 31 Mar 2023US$4.2tUS$2.6tUS$166.2b18.4x25.5x1.6x
Sun, 26 Feb 2023US$4.1tUS$2.6tUS$161.4b18.8x25.3x1.6x
Price to Earnings Ratio

25.3x


Total Market Cap: US$4.1tTotal Earnings: US$161.4bTotal Revenue: US$2.6tTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Industrials Sector Price to Earnings3Y Average 28x202420252026
Current Industry PE
  • Investors are optimistic on the American Industrials industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 35.6x which is higher than its 3-year average PE of 28.0x.
  • The 3-year average PS ratio of 2.0x is lower than the industry's current PS ratio of 2.6x.
Past Earnings Growth
  • The earnings for companies in the Industrials industry have grown 9.0% per year over the last three years.
  • Revenues for these companies have grown 3.6% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Trends

Which industries have driven the changes within the U.S. Industrials sector?

US Market-0.74%
Industrials-0.17%
Marine and Shipping6.47%
Aerospace & Defense4.08%
Airlines1.69%
Transportation0.52%
Professional Services0.40%
Logistics-0.78%
Electrical-1.47%
Machinery-1.51%
Infrastructure-2.06%
Trade Distributors-2.17%
Construction-2.21%
Industrials-2.29%
Building-2.94%
Commercial Services-3.11%
Industry PE
  • Investors are most optimistic about the Electrical industry which is trading above its 3-year average PE ratio of 62.5x.
    • Analysts are expecting annual earnings growth of 19.2%, which is higher than its past year's earnings growth of 13.9% per year.
  • Investors are most pessimistic about the Marine and Shipping industry, which is trading below its 3-year average of 15.9x.
Forecasted Growth
  • Analysts are most optimistic on the Infrastructure industry, expecting annual earnings growth of 34% over the next 5 years.
  • This is better than its past earnings decline of 47% per year.
  • In contrast, the Marine and Shipping industry is expected to see its earnings growth to stay flat over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
GE General ElectricUS$329.585.1%
+US$16.6b		56.6%PE40.2x
RTX RTXUS$204.814.2%
+US$11.1b		63.3%PE40.8x
HWM Howmet AerospaceUS$249.358.0%
+US$7.2b		78.9%PE66.4x
NOC Northrop GrummanUS$724.836.8%
+US$6.5b		67.2%PE24.6x
LMT Lockheed MartinUS$649.813.4%
+US$4.9b		50.1%PE29.8x

Latest News

RSG
US$216.84
Republic Services
7D
-4.0%
1Y
-5.6%
RKLB
US$74.42
Rocket Lab
7D
6.9%
1Y
187.0%

RKLB: Future Launch Cadence Will Offset Neutron Testing Setbacks

Analysts recently lifted their Rocket Lab fair value estimate from $68.75 to $83.96, citing updated assumptions around revenue growth, discount rates and long term P/E multiples following a mix of price target changes, rating moves and launch timing commentary across the Street. Analyst Commentary Recent Street research paints a mixed picture around Rocket Lab, with several bullish voices adjusting price targets upward while others question how much upside is already reflected in the shares.
FDX
US$383.08
FedEx
7D
4.3%
1Y
43.5%

FDX: 2029 Network Plan And Freight Constraints Will Shape Future Earnings Potential

FedEx's analyst price target has moved higher, with our fair value estimate shifting from $306.54 to $370.46 as analysts react to the company's 2029 roadmap, updated revenue and margin ambitions, and higher assumed future P/E multiples following a broad wave of target hikes across the Street. Analyst Commentary Street research around FedEx has shifted meaningfully following the Investor Day, with a cluster of price target increases and a few downgrades offering a balanced view on how achievable the 2029 roadmap might be.
GE
US$329.58
General Electric
7D
5.1%
1Y
56.6%

GE: Fairly Valued On Automation Push And High Execution Demands

Analysts have lifted their implied fair value estimate for General Electric to about $301 from roughly $198, citing updated assumptions for revenue growth, profit margins and future P/E, along with a slightly higher discount rate. Analyst Commentary Recent Street research on General Electric has been active, with several firms adjusting their price targets on GE Aerospace.
MMM
US$164.17
3M
7D
-5.0%
1Y
9.3%
HWM
US$249.35
Howmet Aerospace
7D
8.0%
1Y
78.9%

HWM: Elevated Expectations Around Aerospace Demand Will Likely Magnify Execution Risk

Analysts have lifted their price targets on Howmet Aerospace, supporting a move in our fair value estimate from $121.54 to $214.92 as they highlight above trend growth across the portfolio, stronger aerospace and gas turbine demand, expanding margins, and durable pricing power that feeds into higher revenue growth, profit margin, and future P/E assumptions. Analyst Commentary Recent research on Howmet Aerospace points to generally constructive sentiment, with several firms lifting price targets and updating models after the latest earnings.
HEI
US$342.22
HEICO
7D
6.1%
1Y
53.9%

HEI: Acquisition Plans And Elevated P/E Will Eventually Pressure Future Returns

Analysts have modestly trimmed their HEICO price target to $298.71, reflecting updated assumptions for discount rate, revenue growth, profit margin and future P/E that slightly adjust their valuation framework without changing the headline fair value figure. What's in the News HEICO is actively looking for acquisition opportunities that align with its existing operations in both the Flight Support Group and Electronic Technologies Group, with management highlighting a healthy pipeline of potential targets currently under review (Key Developments).
NOC
US$724.83
Northrop Grumman
7D
6.8%
1Y
67.2%
CAT
US$751.97
Caterpillar
7D
-3.0%
1Y
113.0%
RTX
US$204.81
RTX
7D
4.2%
1Y
63.3%
ETN
US$380.38
Eaton
7D
-4.0%
1Y
22.9%
UPS
US$116.12
United Parcel Service
7D
-3.2%
1Y
1.0%
TT
US$459.44
Trane Technologies
7D
-2.8%
1Y
24.0%
LMT
US$649.81
Lockheed Martin
7D
3.4%
1Y
50.1%
GWW
US$1,134.04
W.W. Grainger
7D
-5.7%
1Y
11.1%

GWW: Future Returns Will Reflect Refreshed P E Assumptions And Execution Risks

Analysts have lifted their price expectations for W.W. Grainger, reflected in an updated fair value estimate of US$1,131 per share, up from about US$1,053, citing Street research that points to adjusted assumptions for revenue growth, profit margins and future P/E multiples. Analyst Commentary Recent Street research on W.W. Grainger has centered on higher price targets and an upgrade, with several firms revisiting their assumptions around revenue growth, margin durability and acceptable P/E levels.
DE
US$593.27
Deere
7D
-3.2%
1Y
16.5%