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U.S. Industrials Sector Analysis

UpdatedApr 02, 2026
DataAggregated Company Financials
Companies1041
  • 7D-0.7%
  • 3M6.1%
  • 1Y26.1%
  • YTD3.8%

Last week, the Industrials industry hasn't moved much but Boeing is up 3.9% in that time. As for the the longer term, the industry is up 26% over the past 12 months. As for the next few years, earnings are expected to grow by 16% per annum.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 03 Apr 2026US$6.9tUS$2.8tUS$215.6b24x32x2.4x
Sun, 01 Mar 2026US$7.5tUS$2.8tUS$210.9b26.3x35.5x2.6x
Tue, 27 Jan 2026US$6.9tUS$2.8tUS$209.5b25.9x32.7x2.5x
Thu, 25 Dec 2025US$6.5tUS$2.7tUS$210.3b24.8x31.1x2.4x
Sat, 22 Nov 2025US$6.1tUS$2.7tUS$209.9b23.7x28.9x2.2x
Mon, 20 Oct 2025US$6.3tUS$2.7tUS$209.8b25x30.2x2.3x
Wed, 17 Sep 2025US$6.3tUS$2.7tUS$208.5b24.8x30x2.3x
Fri, 15 Aug 2025US$6.3tUS$2.7tUS$209.6b24.6x29.9x2.3x
Sun, 13 Jul 2025US$6.1tUS$2.7tUS$206.3b24.4x29.5x2.3x
Tue, 10 Jun 2025US$5.9tUS$2.7tUS$205.3b22.9x28.5x2.2x
Thu, 08 May 2025US$5.4tUS$2.7tUS$206.2b21.2x26.2x2x
Sat, 05 Apr 2025US$5.1tUS$2.7tUS$203.3b19.1x25x1.9x
Mon, 03 Mar 2025US$5.6tUS$2.7tUS$204.1b22.1x27.3x2.1x
Wed, 29 Jan 2025US$5.8tUS$2.7tUS$195.3b24.1x29.8x2.2x
Fri, 27 Dec 2024US$5.6tUS$2.7tUS$197.9b23.7x28.4x2.1x
Sun, 24 Nov 2024US$6.0tUS$2.7tUS$197.3b24.5x30.6x2.2x
Tue, 22 Oct 2024US$5.8tUS$2.7tUS$180.3b24.1x32.3x2.1x
Thu, 19 Sep 2024US$5.5tUS$2.7tUS$180.0b22.4x30.5x2x
Sat, 17 Aug 2024US$5.3tUS$2.7tUS$178.6b22x29.7x2x
Mon, 15 Jul 2024US$5.3tUS$2.7tUS$169.7b22.4x31x2x
Wed, 12 Jun 2024US$5.2tUS$2.7tUS$170.1b21.2x30.4x1.9x
Fri, 10 May 2024US$5.3tUS$2.7tUS$172.1b22.6x30.6x1.9x
Sun, 07 Apr 2024US$5.3tUS$2.7tUS$173.6b23.6x30.5x2x
Tue, 05 Mar 2024US$5.2tUS$2.7tUS$172.2b23.5x30x1.9x
Thu, 01 Feb 2024US$5.0tUS$2.7tUS$178.1b21.2x27.8x1.8x
Sat, 30 Dec 2023US$5.0tUS$2.7tUS$183.1b21.5x27x1.8x
Mon, 27 Nov 2023US$4.6tUS$2.7tUS$182.2b19.5x25.1x1.7x
Wed, 25 Oct 2023US$4.3tUS$2.7tUS$192.8b17.3x22x1.6x
Fri, 22 Sep 2023US$4.4tUS$2.7tUS$189.6b17.9x23.2x1.6x
Sun, 20 Aug 2023US$4.5tUS$2.7tUS$178.8b18.5x25.4x1.7x
Tue, 18 Jul 2023US$4.6tUS$2.7tUS$186.5b18.5x24.9x1.7x
Thu, 15 Jun 2023US$4.5tUS$2.7tUS$182.8b18.2x24.4x1.7x
Sat, 13 May 2023US$4.2tUS$2.7tUS$184.3b17.3x22.8x1.6x
Mon, 10 Apr 2023US$4.2tUS$2.6tUS$166.5b18.1x24.9x1.6x
Price to Earnings Ratio

24.9x


Total Market Cap: US$4.2tTotal Earnings: US$166.5bTotal Revenue: US$2.6tTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Industrials Sector Price to Earnings3Y Average 28.4x202420252026
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 32.0x which is higher than its 3-year average PE of 28.4x.
  • The 3-year average PS ratio of 2.0x is lower than the industry's current PS ratio of 2.4x.
Past Earnings Growth
  • The earnings for companies in the Industrials industry have grown 9.1% per year over the last three years.
  • Revenues for these companies have grown 2.2% 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-0.32%
Industrials-0.72%
Transportation1.25%
Commercial Services0.52%
Trade Distributors0.48%
Logistics0.24%
Marine and Shipping0.23%
Industrials0.029%
Machinery-0.073%
Infrastructure-0.68%
Professional Services-0.83%
Construction-0.88%
Aerospace & Defense-0.99%
Airlines-1.20%
Building-2.32%
Electrical-3.34%
Industry PE
  • Investors are most optimistic about the Electrical industry even though it's trading below its 3-year average PE ratio of 63.4x.
    • Analysts expect its future annual earnings growth (19.5%) to be largely in line with prior year's earnings growth.
  • Investors are most pessimistic about the Marine and Shipping industry, which is trading below its 3-year average of 16.2x.
Forecasted Growth
  • Analysts are most optimistic on the Construction industry, expecting annual earnings growth of 23% over the next 5 years.
  • This is roughly in line with its past earnings growth rate.
  • 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
BA BoeingUS$208.227.1%
+US$10.9b		38.0%PE86.6x
GEV GE VernovaUS$898.572.9%
+US$6.9b		201.9%PE49.6x
CAT CaterpillarUS$717.222.0%
+US$6.5b		134.6%PE37.6x
RTX RTXUS$196.211.7%
+US$4.5b		50.7%PE39.2x
TT Trane TechnologiesUS$427.074.9%
+US$4.4b		29.0%PE32x

Latest News

TT
US$427.07
Trane Technologies
7D
4.9%
1Y
29.0%
GEV
US$898.57
GE Vernova
7D
2.9%
1Y
201.9%
AXON
US$412.81
Axon Enterprise
7D
-8.4%
1Y
-23.5%
BA
US$208.22
Boeing
7D
7.1%
1Y
38.0%

BA: Widebody Orders And Defense Will Support Future Upside Potential

Analysts now place Boeing's price target near $271, up from about $247. This reflects updated views on fair value, a slightly higher discount rate, modestly lower revenue growth assumptions, a small uplift in profit margin, and a higher future P/E.
LMT
US$622.79
Lockheed Martin
7D
-0.7%
1Y
36.9%
WM
US$235.42
Waste Management
7D
3.9%
1Y
-0.6%
KTOS
US$67.31
Kratos Defense & Security Solutions
7D
-11.3%
1Y
121.3%

KTOS: Hypersonic And Drone Program Wins Will Drive Future Upside Potential

Analysts have significantly raised Kratos Defense & Security Solutions' blended price target into a higher $100+ range, citing expectations for stronger revenue growth and profit margins supported by DRSS sales targets, demand for jet drones and hypersonic systems, and expanding roles in key U.S. defense programs. Analyst Commentary Street research on Kratos Defense & Security Solutions has become more concentrated in a higher price target range, with multiple firms lifting their targets after recent earnings and guidance updates.
RTX
US$196.21
RTX
7D
1.7%
1Y
50.7%
GE
US$281.16
General Electric
7D
-1.4%
1Y
49.8%

GE: Engine Franchise And Long Cycle Services Will Support Future Returns

Analysts have inched their price expectations for General Electric higher, with the updated fair value estimate moving from $424.14 to $425.00 as they factor in refreshed views on earnings power, profit margins, and long term engine business fundamentals reflected in recent Street research on GE Aerospace. Analyst Commentary Recent Street research on GE Aerospace has leaned positive, with several bullish analysts updating price targets and ratings as they reassess the engine franchise, earnings power, and long term guidance framework.
NXT
US$113.08
Nextpower
7D
-5.6%
1Y
179.9%

NXT: Elevated P/E And Buybacks Will Continue To Outrun Fundamental Earnings Power

Analysts have raised their price target on Nextpower from $79.83 to $88.63, citing updated assumptions that include slightly adjusted discount rates, a change in revenue growth expectations to 7.55%, a profit margin assumption of 14.24%, and a forward P/E of about 28x. What's in the News Nextpower entered a multi year supply agreement with Jinko Solar (U.S.) Industries for more than 1 GW of U.S. manufactured steel module frames, scalable to up to 3 GW over three years.
GD
US$349.09
General Dynamics
7D
-1.7%
1Y
29.5%
UNP
US$244.71
Union Pacific
7D
2.3%
1Y
9.3%
VRT
US$261.29
Vertiv Holdings Co
7D
3.5%
1Y
287.3%
DE
US$575.71
Deere
7D
-0.9%
1Y
28.7%
CAT
US$717.22
Caterpillar
7D
2.0%
1Y
134.6%

CAT: Data Center Power Dependence Will Likely Restrain Future Return Potential

Caterpillar's updated analyst price target reflects a modest fair value lift of about $1 per share. Analysts point to stronger construction demand signals from ConExpo, lengthening engine lead times tied to data center projects, and growing confidence in the company as a physical AI and infrastructure supplier.
IR
US$77.91
Ingersoll Rand
7D
-4.3%
1Y
6.0%

IR: Share Repurchases And Premium P/E Will Support Balanced Future Returns

Analysts have raised their price target on Ingersoll Rand from about $88.30 to roughly $102.73. This change reflects updated views on discount rates, revenue growth, profit margins and the price-to-earnings ratio they are prepared to apply to future earnings.