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U.S. Industrials Sector Analysis

UpdatedDec 17, 2025
DataAggregated Company Financials
Companies1043
  • 7D1.3%
  • 3M3.3%
  • 1Y13.7%
  • YTD17.8%

Over the last 7 days, the Industrials industry has risen 1.2%, and GE Vernova contributed the most with a gain of 9.6%. In the same time, Uber Technologies was down 8.1%. This means that the industry has gained 13% over the past year. Looking forward, earnings are forecast to grow by 15% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 17 Dec 2025US$6.5tUS$2.7tUS$209.7b24.8x30.9x2.4x
Fri, 14 Nov 2025US$6.4tUS$2.7tUS$211.2b23.9x30.3x2.3x
Sun, 12 Oct 2025US$6.2tUS$2.7tUS$210.1b24.1x29.7x2.3x
Tue, 09 Sep 2025US$6.2tUS$2.7tUS$208.3b25x29.7x2.3x
Thu, 07 Aug 2025US$6.2tUS$2.7tUS$208.1b24.1x29.7x2.3x
Sat, 05 Jul 2025US$6.1tUS$2.7tUS$205.2b24.3x29.7x2.3x
Mon, 02 Jun 2025US$5.8tUS$2.7tUS$205.2b22.4x28.1x2.1x
Wed, 30 Apr 2025US$5.2tUS$2.7tUS$204.1b20.7x25.6x2x
Fri, 28 Mar 2025US$5.4tUS$2.7tUS$203.6b21.1x26.7x2x
Sun, 23 Feb 2025US$5.6tUS$2.7tUS$209.4b22.3x26.6x2.1x
Tue, 21 Jan 2025US$5.8tUS$2.7tUS$196.4b24.6x29.5x2.1x
Thu, 19 Dec 2024US$5.7tUS$2.7tUS$198.0b23.1x28.9x2.1x
Sat, 16 Nov 2024US$5.9tUS$2.7tUS$194.6b23.8x30.3x2.2x
Mon, 14 Oct 2024US$5.8tUS$2.7tUS$180.3b23.9x32.1x2.1x
Wed, 11 Sep 2024US$5.3tUS$2.7tUS$179.8b21.3x29.3x2x
Fri, 09 Aug 2024US$5.1tUS$2.7tUS$179.7b21.2x28.2x1.9x
Sun, 07 Jul 2024US$5.1tUS$2.7tUS$170.2b21.2x29.9x1.9x
Tue, 04 Jun 2024US$5.2tUS$2.7tUS$170.0b22.3x30.8x1.9x
Thu, 02 May 2024US$5.1tUS$2.7tUS$170.6b22.1x30.2x1.9x
Sat, 30 Mar 2024US$5.4tUS$2.6tUS$172.6b23.8x31.1x2x
Mon, 26 Feb 2024US$5.1tUS$2.7tUS$175.0b23.2x29.1x1.9x
Wed, 24 Jan 2024US$4.9tUS$2.7tUS$182.9b21.1x26.9x1.8x
Fri, 22 Dec 2023US$4.8tUS$2.7tUS$182.9b21.4x26.4x1.8x
Sun, 19 Nov 2023US$4.5tUS$2.7tUS$181.9b19.3x24.8x1.7x
Tue, 17 Oct 2023US$4.4tUS$2.7tUS$192.7b17.8x23x1.6x
Thu, 14 Sep 2023US$4.5tUS$2.7tUS$189.6b18.1x23.7x1.7x
Sat, 12 Aug 2023US$4.7tUS$2.7tUS$188.8b19x24.7x1.7x
Mon, 10 Jul 2023US$4.5tUS$2.7tUS$185.6b17.9x24.4x1.7x
Wed, 07 Jun 2023US$4.3tUS$2.7tUS$182.8b17.9x23.7x1.6x
Fri, 05 May 2023US$4.2tUS$2.7tUS$186.0b17.2x22.4x1.6x
Sun, 02 Apr 2023US$4.3tUS$2.6tUS$166.2b18.9x25.9x1.6x
Tue, 28 Feb 2023US$4.1tUS$2.6tUS$161.6b19x25.4x1.6x
Thu, 26 Jan 2023US$4.1tUS$2.5tUS$162.2b18.5x25.1x1.6x
Sat, 24 Dec 2022US$4.0tUS$2.5tUS$153.4b17.4x25.8x1.6x
Price to Earnings Ratio

25.8x


Total Market Cap: US$4.0tTotal Earnings: US$153.4bTotal Revenue: US$2.5tTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Industrials Sector Price to Earnings3Y Average 27.7x202320242025
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 30.9x which is higher than its 3-year average PE of 27.7x.
  • The 3-year average PS ratio of 1.9x 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 11% per year over the last three years.
  • Revenues for these companies have grown 2.9% 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-0.86%
Industrials1.34%
Airlines4.35%
Trade Distributors3.03%
Commercial Services2.92%
Aerospace & Defense2.74%
Logistics2.69%
Machinery1.80%
Industrials1.78%
Professional Services1.19%
Building1.03%
Electrical-0.69%
Construction-1.47%
Infrastructure-1.52%
Transportation-1.60%
Marine and Shipping-1.83%
Industry PE
  • Investors are most optimistic about the Electrical industry which is trading above its 3-year average PE ratio of 59.2x.
    • Analysts are expecting annual earnings growth of 23.8%, which is higher than its past year's earnings growth of 15.5% per year.
  • Investors are most pessimistic about the Marine and Shipping industry, which is trading below its 3-year average of 15.6x.
Forecasted Growth
  • Analysts are most optimistic on the Infrastructure industry, expecting annual earnings growth of 38% 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
GEV GE VernovaUS$686.229.7%
+US$16.5b		109.0%PE109.3x
GE General ElectricUS$298.734.7%
+US$14.2b		80.2%PE39.1x
RTX RTXUS$179.934.7%
+US$10.7b		53.2%PE36.6x
DE DeereUS$485.444.9%
+US$6.1b		9.4%PE26.1x
HON Honeywell InternationalUS$198.264.3%
+US$5.1b		-15.0%PE20.5x

Latest News

WM
US$218.90
Waste Management
7D
4.6%
1Y
4.7%
RTX
US$179.93
RTX
7D
4.7%
1Y
53.2%

RTX: Missile Demand And Cybersecurity Risks Will Shape A Balanced Forward Outlook

Analysts have nudged their price target on RTX slightly higher to approximately $194.65, reflecting modestly stronger expectations for long term revenue growth and valuation multiples that more than offset a small revision to projected profit margins. What’s in the News The Pentagon is pressing major U.S. missile makers, including RTX, to double or even quadruple production.
BE
US$87.61
Bloom Energy
7D
-19.9%
1Y
253.7%

BE: AI Data Center Partnership Will Drive Long-Term Upside Potential

Analysts have sharply raised their price target on Bloom Energy to approximately $157 per share from about $59, citing expectations for significantly faster revenue growth, improved profit margins, and a modestly lower future valuation multiple. Together, these factors support a substantially higher fair value estimate.
BA
US$206.71
Boeing
7D
3.2%
1Y
19.5%

BA: Defense And Widebody Backlog Expansion Will Drive Future Upside

Analysts have slightly lowered their price target on Boeing by approximately $1 to around $244 per share, citing modest tweaks to long term growth, discount rate, and profitability assumptions, while still expecting solid margin improvement and a lower future earnings multiple. What's in the News Boeing received FAA approval to lift its 737 MAX monthly production cap from 38 to 42 jets, a key step in restoring output and financial stability after the 2024 MAX 9 mid air emergency and subsequent safety probe (Regulatory Authority, FAA).
UBER
US$80.92
Uber Technologies
7D
-9.2%
1Y
32.6%

UBER: Autonomous Expansion Will Sustain Platform Engagement And Profit Momentum

Analysts have modestly raised their fair value estimate for Uber Technologies by about $1 per share to roughly $112, citing a strong Q3 print, accelerating delivery growth versus peers, and confidence that robust engagement and profit expansion can continue even as margin gains normalize and long term autonomous vehicle economics become a greater focus. Analyst Commentary Analysts remain broadly constructive on Uber following the Q3 update, pointing to solid execution across mobility and delivery, resilient user engagement, and a strengthening narrative around long term autonomous vehicle positioning, even as expectations for near term AV profit contribution are tempered.
ETN
US$329.93
Eaton
7D
-3.5%
1Y
-4.9%

ETN: AI Data Center Demand And Boyd Deal Will Shape Outlook

We raise our Eaton price target by approximately $36 to about $337 per share, reflecting analysts' increased confidence in stronger long term revenue growth, modestly higher profitability, and sustained AI driven data center demand supported by recent price target hikes and upgrades. Analyst Commentary Recent Street research reflects a constructive yet increasingly nuanced view on Eaton, with higher price targets and ratings upgrades framed against growing scrutiny of valuation, execution risks, and the durability of AI driven demand.
TDG
US$1,270.57
TransDigm Group
7D
-3.6%
1Y
-0.3%

TDG: Future Returns Will Be Driven By Aftermarket Margins And M&A Optionality

Our revised fair value estimate for TransDigm Group edges up to $1,581 from $1,578, reflecting analysts' slightly higher price targets supported by continued earnings outperformance, resilient aftermarket fundamentals, and the optionality from future large scale M&A. Analyst Commentary Street research remains broadly constructive on TransDigm, with most recent actions involving higher price targets and reaffirmed positive ratings, even where those targets have been modestly trimmed.
GEV
US$686.22
GE Vernova
7D
9.7%
1Y
109.0%

GEV: Dividend Hike And Buybacks Will Drive Stronger Shareholder Returns

Analysts have raised their price target for GE Vernova from approximately $760.00 to about $927.34 per share, reflecting increased confidence in the company’s accelerating revenue growth, improving profit margins, and slightly higher justified valuation multiples. What's in the News Reaffirmed 2025 revenue guidance of $36 billion to $37 billion and introduced 2026 guidance of $41 billion to $42 billion, underscoring confidence in multi year growth visibility (Corporate guidance).
CAT
US$588.93
Caterpillar
7D
-0.9%
1Y
56.7%
VRT
US$160.66
Vertiv Holdings Co
7D
-9.9%
1Y
33.1%
AVAV
US$234.65
AeroVironment
7D
-16.6%
1Y
43.0%
GWW
US$1,022.08
W.W. Grainger
7D
6.6%
1Y
-8.8%

GWW: Future Returns Will Reflect Strong Execution Amid Mixed MRO Demand Risks

The analyst price target for W.W. Grainger has been nudged slightly lower by about $1 to roughly $1,053.50, as analysts balance recent target hikes tied to resilient pricing and margins against more cautious views on the MRO end market and limited earnings recovery potential. Analyst Commentary Bullish analysts highlight that W.W. Grainger continues to execute well operationally despite a mixed macro backdrop, supporting premium valuation levels relative to the broader MRO space.
HON
US$198.26
Honeywell International
7D
4.3%
1Y
-15.0%
DE
US$485.44
Deere
7D
4.9%
1Y
9.4%

DE: Precision Ag Subscriptions Will Drive Future Earnings Recovery Despite Cyclical Headwinds

Analysts have modestly raised their price target on Deere to approximately $540 from about $535, reflecting increased confidence in the long term earnings power from its expanding Precision Ag subscription base and data enabled ecosystem, even as they acknowledge a near term cyclical downturn and a mixed demand backdrop. Analyst Commentary Recent Street research on Deere reflects a generally constructive stance on the shares, with analysts emphasizing the company’s growing Precision Ag subscription base, data driven offerings, and potential earnings recovery as key drivers of long term value, even as they flag near term cyclical and inventory related risks.
GE
US$298.73
General Electric
7D
4.7%
1Y
80.2%

GE: Rising Defense Demand Will Drive Stronger Aerospace Profits Ahead

Analysts have modestly raised their price target on General Electric, citing slightly stronger expected revenue growth and profit margins that nudge fair value to approximately 339.69 dollars from 339 dollars previously. What's in the News The Pentagon is pushing missile makers, including GE Aerospace, to double or even quadruple production amid concerns over a potential future conflict with China.
PWR
US$438.49
Quanta Services
7D
-4.3%
1Y
30.3%

PWR: Expanding Power Generation And Grid Projects Will Support Balanced Long-Term Outlook

Analysts have nudged their fair value estimate for Quanta Services slightly higher to approximately $474, citing a series of price target increases toward the mid to high $400s and up to about $550. They point to strong Q3 execution, expanding power generation and energy infrastructure opportunities, and robust transmission and distribution demand as reinforcing confidence in its long term growth profile.