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U.S. Industrials Sector Analysis

UpdatedFeb 15, 2026
DataAggregated Company Financials
Companies1060
  • 7D0.2%
  • 3M16.8%
  • 1Y27.4%
  • YTD10.2%

Last week, the Industrials industry hasn't moved much but Caterpillar is up 6.6% in that time. The past year has been better, since the industry has gained 27% in that time. 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
Sun, 15 Feb 2026US$7.4tUS$2.8tUS$212.1b27.2x34.9x2.6x
Tue, 13 Jan 2026US$6.8tUS$2.7tUS$210.5b25.7x32.1x2.5x
Thu, 11 Dec 2025US$6.4tUS$2.7tUS$209.6b25.1x30.5x2.3x
Sat, 08 Nov 2025US$6.3tUS$2.7tUS$212.9b24.4x29.7x2.3x
Mon, 06 Oct 2025US$6.4tUS$2.7tUS$209.3b25x30.7x2.4x
Wed, 03 Sep 2025US$6.2tUS$2.7tUS$208.6b25x29.8x2.3x
Fri, 01 Aug 2025US$6.2tUS$2.7tUS$207.3b24.3x29.9x2.3x
Sun, 29 Jun 2025US$6.0tUS$2.7tUS$205.4b23.5x29x2.2x
Tue, 27 May 2025US$5.7tUS$2.7tUS$206.3b22.4x27.5x2.1x
Thu, 24 Apr 2025US$5.1tUS$2.7tUS$204.5b20.1x24.7x1.9x
Sat, 22 Mar 2025US$5.4tUS$2.7tUS$203.4b21.2x26.5x2x
Mon, 17 Feb 2025US$5.7tUS$2.7tUS$206.3b23.5x27.8x2.1x
Wed, 15 Jan 2025US$5.7tUS$2.7tUS$196.4b24.2x28.8x2.1x
Fri, 13 Dec 2024US$5.9tUS$2.7tUS$198.3b24.5x29.5x2.2x
Sun, 10 Nov 2024US$6.0tUS$2.7tUS$193.9b25x30.9x2.2x
Tue, 08 Oct 2024US$5.7tUS$2.7tUS$179.9b23x31.5x2.1x
Thu, 05 Sep 2024US$5.3tUS$2.7tUS$179.9b21.5x29.6x2x
Sat, 03 Aug 2024US$5.3tUS$2.7tUS$179.4b21.9x29.4x2x
Mon, 01 Jul 2024US$5.1tUS$2.7tUS$170.6b21.7x30.1x1.9x
Wed, 29 May 2024US$5.3tUS$2.7tUS$170.0b22.4x31.1x2x
Fri, 26 Apr 2024US$5.2tUS$2.7tUS$168.6b22.8x30.8x1.9x
Sun, 24 Mar 2024US$5.3tUS$2.7tUS$172.7b23.2x30.8x2x
Tue, 20 Feb 2024US$5.0tUS$2.7tUS$174.5b22.6x28.8x1.9x
Thu, 18 Jan 2024US$4.8tUS$2.7tUS$184.2b20.4x26x1.7x
Sat, 16 Dec 2023US$4.9tUS$2.7tUS$182.7b21.2x26.6x1.8x
Mon, 13 Nov 2023US$4.4tUS$2.7tUS$185.1b18.3x23.8x1.6x
Wed, 11 Oct 2023US$4.5tUS$2.7tUS$192.2b18.1x23.2x1.6x
Fri, 08 Sep 2023US$4.6tUS$2.7tUS$189.3b18.3x24.1x1.7x
Sun, 06 Aug 2023US$4.7tUS$2.7tUS$190.5b19.1x24.6x1.7x
Tue, 04 Jul 2023US$4.6tUS$2.7tUS$185.6b18.3x24.7x1.7x
Thu, 01 Jun 2023US$4.1tUS$2.7tUS$183.0b16.7x22.6x1.5x
Sat, 29 Apr 2023US$4.2tUS$2.7tUS$174.5b17.7x24.3x1.6x
Mon, 27 Mar 2023US$4.1tUS$2.6tUS$166.1b18.1x24.8x1.6x
Wed, 22 Feb 2023US$4.1tUS$2.6tUS$160.9b18.9x25.4x1.6x
Price to Earnings Ratio

25.4x


Total Market Cap: US$4.1tTotal Earnings: US$160.9bTotal 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 34.9x 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 9.6% per year over the last three years.
  • Revenues for these companies have grown 3.7% 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-1.34%
Industrials0.20%
Construction3.74%
Marine and Shipping3.68%
Machinery2.70%
Electrical2.24%
Building1.02%
Aerospace & Defense0.37%
Industrials0.33%
Logistics-0.61%
Trade Distributors-0.96%
Commercial Services-1.87%
Transportation-1.96%
Infrastructure-2.96%
Airlines-6.55%
Professional Services-7.46%
Industry PE
  • Investors are most optimistic about the Electrical industry which is trading above its 3-year average PE ratio of 62.3x.
    • Analysts are expecting annual earnings growth of 19.1%, 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 grow by 3.4% per year over the next few years.

Top Stock Gainers and Losers

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

CompanyLast Price7D1YValuation
CAT CaterpillarUS$774.206.6%
+US$20.4b		119.1%PE40.5x
VRT Vertiv Holdings CoUS$234.5319.9%
+US$15.0b		117.1%PE67.3x
HWM Howmet AerospaceUS$250.2112.1%
+US$10.6b		87.5%PE66.6x
LMT Lockheed MartinUS$652.584.7%
+US$6.7b		54.2%PE29.9x
GEV GE VernovaUS$802.132.9%
+US$6.1b		118.2%PE44.3x

Latest News

CAT
US$774.20
Caterpillar
7D
6.6%
1Y
119.1%
DAL
US$69.00
Delta Air Lines
7D
-8.4%
1Y
5.5%
EMR
US$148.13
Emerson Electric
7D
-5.9%
1Y
20.1%
ETN
US$389.25
Eaton
7D
4.1%
1Y
25.9%
HWM
US$250.21
Howmet Aerospace
7D
12.1%
1Y
87.5%
VRT
US$234.53
Vertiv Holdings Co
7D
19.9%
1Y
117.1%

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XYL
US$128.09
Xylem
7D
-9.9%
1Y
-1.0%

Xylem's (NYSE:XYL) Upcoming Dividend Will Be Larger Than Last Year's

Feb 13
Xylem's (NYSE:XYL) Upcoming Dividend Will Be Larger Than Last Year's
ROL
US$58.06
Rollins
7D
-10.5%
1Y
14.4%
UBER
US$69.99
Uber Technologies
7D
-6.4%
1Y
-11.9%

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LMT
US$652.58
Lockheed Martin
7D
4.7%
1Y
54.2%
ADP
US$212.11
Automatic Data Processing
7D
-8.3%
1Y
-31.2%

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UNP
US$260.68
Union Pacific
7D
3.2%
1Y
4.6%

UNP: Merger Scrutiny And Freight Demand Risks Will Shape Future Opportunity

Analysts have trimmed their price targets on Union Pacific by low single digits in recent weeks, generally citing mixed readthroughs from regulatory risk around the Norfolk Southern merger and freight demand, even as some models now assume slightly stronger revenue growth, higher profit margins, and a lower future P/E multiple. Analyst Commentary Recent research on Union Pacific shows a split tape, with some bullish analysts edging price targets higher and others turning more cautious as they reassess regulatory risk and freight demand assumptions.
GEV
US$802.13
GE Vernova
7D
2.9%
1Y
118.2%

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Analysts have raised their price targets on GE Vernova, citing updated assumptions around fair value, discount rate, revenue growth, profit margin, and future P/E, which together support a higher implied valuation for the stock. What's in the News Onshore Wind business received 2025 orders to repower 1.1 GW of U.S. onshore wind turbines, using U.S. manufactured nacelles and drive trains from the Pensacola, Florida facility, with projects expected to reach commercial operation between 2026 and 2027 (Key Developments).
GE
US$315.41
General Electric
7D
-1.7%
1Y
51.4%
GD
US$347.64
General Dynamics
7D
-3.5%
1Y
43.7%

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Analysts have nudged their price targets for General Dynamics higher, supporting a fair value update to about $394.81 as they factor in modestly stronger revenue growth expectations, a slightly lower discount rate and refined P/E assumptions, even as they temper profit margin forecasts. Analyst Commentary Recent research updates on General Dynamics cluster around higher price targets and refreshed assumptions, giving you a sense of where analysts see risk and opportunity lining up for the next couple of years.
DE
US$602.92
Deere
7D
3.4%
1Y
25.6%