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U.S. Industrials Sector Analysis

UpdatedDec 09, 2025
DataAggregated Company Financials
Companies1043
  • 7D1.5%
  • 3M3.6%
  • 1Y10.0%
  • YTD17.0%

Over the last 7 days, the Industrials industry has risen 1.5%, and Boeing contributed the most with a gain of 11%. This means that the industry has gained 10.0% 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, 10 Dec 2025US$6.4tUS$2.7tUS$209.6b24.8x30.6x2.3x
Fri, 07 Nov 2025US$6.4tUS$2.7tUS$213.3b24.6x30x2.3x
Sun, 05 Oct 2025US$6.4tUS$2.7tUS$209.3b25x30.7x2.4x
Tue, 02 Sep 2025US$6.2tUS$2.7tUS$208.6b25x29.8x2.3x
Thu, 31 Jul 2025US$6.2tUS$2.7tUS$205.8b24.1x30.3x2.3x
Sat, 28 Jun 2025US$5.9tUS$2.7tUS$205.2b23.5x28.9x2.2x
Mon, 26 May 2025US$5.7tUS$2.7tUS$206.3b22.4x27.5x2.1x
Wed, 23 Apr 2025US$5.0tUS$2.7tUS$203.1b19.8x24.4x1.8x
Fri, 21 Mar 2025US$5.4tUS$2.7tUS$203.4b21.4x26.7x2x
Sun, 16 Feb 2025US$5.7tUS$2.7tUS$206.3b23.5x27.8x2.1x
Tue, 14 Jan 2025US$5.5tUS$2.7tUS$196.4b23.7x28.1x2x
Thu, 12 Dec 2024US$5.9tUS$2.7tUS$198.3b24.9x29.5x2.2x
Sat, 09 Nov 2024US$5.9tUS$2.7tUS$194.7b25x30.5x2.2x
Mon, 07 Oct 2024US$5.7tUS$2.7tUS$179.9b23.1x31.5x2.1x
Wed, 04 Sep 2024US$5.5tUS$2.7tUS$179.9b21.7x30.4x2x
Fri, 02 Aug 2024US$5.4tUS$2.7tUS$180.5b22.8x29.8x2x
Sun, 30 Jun 2024US$5.1tUS$2.7tUS$170.6b21.6x30.1x1.9x
Tue, 28 May 2024US$5.3tUS$2.7tUS$170.0b22.5x31.1x2x
Thu, 25 Apr 2024US$5.2tUS$2.7tUS$167.6b22.7x31x1.9x
Sat, 23 Mar 2024US$5.3tUS$2.7tUS$172.7b23.1x30.8x2x
Mon, 19 Feb 2024US$5.0tUS$2.7tUS$174.5b22.6x28.8x1.9x
Wed, 17 Jan 2024US$4.9tUS$2.7tUS$184.2b20.7x26.4x1.8x
Fri, 15 Dec 2023US$4.8tUS$2.7tUS$182.7b21.2x26.3x1.8x
Sun, 12 Nov 2023US$4.4tUS$2.7tUS$185.1b18.2x23.7x1.6x
Tue, 10 Oct 2023US$4.4tUS$2.7tUS$192.2b17.9x23x1.6x
Thu, 07 Sep 2023US$4.6tUS$2.7tUS$189.3b18.7x24.2x1.7x
Sat, 05 Aug 2023US$4.7tUS$2.7tUS$190.6b19.1x24.5x1.7x
Mon, 03 Jul 2023US$4.6tUS$2.7tUS$184.1b18.3x25.1x1.7x
Wed, 31 May 2023US$4.2tUS$2.7tUS$183.0b16.8x22.9x1.6x
Fri, 28 Apr 2023US$4.2tUS$2.7tUS$174.0b17.6x24.2x1.6x
Sun, 26 Mar 2023US$4.1tUS$2.6tUS$166.1b18.1x24.8x1.6x
Tue, 21 Feb 2023US$4.2tUS$2.5tUS$161.2b19.3x25.9x1.6x
Thu, 19 Jan 2023US$4.0tUS$2.5tUS$154.8b18.2x26.1x1.6x
Sat, 17 Dec 2022US$4.0tUS$2.5tUS$153.6b17.2x25.8x1.6x
Price to Earnings Ratio

25.8x


Total Market Cap: US$4.0tTotal Earnings: US$153.6bTotal Revenue: US$2.5tTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Industrials Sector Price to Earnings3Y Average 27.6x202320242025
Current Industry PE
  • Investors are relatively neutral on the American Industrials industry at the moment, indicating that they anticipate long term growth rates to remain steady.
  • The industry is trading close to its 3-year average PE ratio of 27.6x.
  • The 3-year average PS ratio of 1.9x is lower than the industry's current PS ratio of 2.3x.
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 Market0.49%
Industrials1.45%
Airlines6.45%
Electrical4.39%
Transportation3.15%
Construction2.38%
Aerospace & Defense2.15%
Marine and Shipping1.08%
Trade Distributors1.01%
Machinery0.78%
Logistics0.62%
Professional Services0.09%
Industrials-1.05%
Commercial Services-1.18%
Infrastructure-1.66%
Building-1.78%
Industry PE
  • Investors are most optimistic about the Electrical industry which is trading above its 3-year average PE ratio of 58.8x.
    • Analysts are expecting annual earnings growth of 23.7%, which is higher than its past year's earnings growth of 14.4% per year.
  • Investors are most pessimistic about the Marine and Shipping industry, which is trading below its 3-year average of 15.5x.
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$625.303.9%
+US$6.4b		91.0%PE99.6x
RKLB Rocket LabUS$53.4327.5%
+US$6.2b		133.8%PS51.5x
LMT Lockheed MartinUS$466.895.7%
+US$5.8b		-9.0%PE25.7x
CAT CaterpillarUS$594.362.0%
+US$5.6b		53.0%PE30x
RTX RTXUS$171.931.9%
+US$4.2b		46.2%PE35x

Latest News

FERG
US$226.02
Ferguson Enterprises
7D
-10.4%
1Y
15.9%
BA
US$200.37
Boeing
7D
-2.4%
1Y
22.1%
SYM
US$60.48
Symbotic
7D
-29.1%
1Y
111.8%

SYM: Deployment Shift And Customer Concentration Will Shape Future Share Performance

Analysts have raised their price targets for Symbotic by roughly $10 to about $62 per share, citing stronger than expected revenue growth, improving gross margins, and increased confidence in the company’s long term earnings trajectory, despite ongoing concerns about deployment timing and valuation. Analyst Commentary Recent research updates reflect a sharply divided view on Symbotic, with bullish analysts emphasizing accelerating growth and margin expansion, while bearish analysts continue to flag execution risks and valuation concerns.
CAT
US$594.36
Caterpillar
7D
2.0%
1Y
53.0%

CAT: Future Returns Will Reflect Power Demand Upside And Tariff Headwind Risks

Analysts have nudged our Caterpillar price target higher by approximately $30 per share to reflect a stronger multiple on the Power Gen business, broad-based target hikes across the Street following Q3 outperformance, and growing conviction in secular demand and margin durability. Analyst Commentary Recent research updates reflect a broadly constructive but increasingly bifurcated view on Caterpillar, with most on the Street acknowledging stronger execution in Power Gen and core machinery, while debating how much of this strength is already embedded in the valuation.
GE
US$285.31
General Electric
7D
-1.4%
1Y
66.6%

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.
RKLB
US$53.43
Rocket Lab
7D
27.5%
1Y
133.8%
ULS
US$77.52
UL Solutions
7D
-12.8%
1Y
48.2%
LMT
US$466.89
Lockheed Martin
7D
5.7%
1Y
-9.0%

LMT: Rising Defense Export Demand Will Drive Returns Despite Execution Risks

Analysts have modestly raised their price targets on Lockheed Martin, with recent increases to $500 and $545 per share reflecting stronger order momentum in key programs and resilient aerospace demand, even as operational challenges and a higher discount rate temper the potential upside. Analyst Commentary Street research heading into the Q3 print reflects a balanced mix of optimism around Lockheed Martin's growth prospects and caution around execution risks and the broader defense spending backdrop.
GEV
US$625.30
GE Vernova
7D
3.9%
1Y
91.0%
UBER
US$89.07
Uber Technologies
7D
1.7%
1Y
37.1%
TT
US$399.00
Trane Technologies
7D
-3.0%
1Y
0.4%

TT: AI Building Solutions Will Drive Stronger Margins And Upside Ahead

Analysts have modestly raised their price target on Trane Technologies to approximately $482 per share, reflecting slightly higher assumed discount rates and future valuation multiples, while maintaining their outlook on revenue growth and profit margins. What's in the News Trane Technologies and Amazon reported that an AI driven building decarbonization project at three Amazon Grocery fulfillment centers cut energy use by nearly 15%, more than double initial targets.
CSX
US$36.37
CSX
7D
4.0%
1Y
6.4%

CSX: New CEO Appointment And Rail Corridor Upgrade Will Drive Future Performance

CSX’s analyst price target has edged higher, with recent updates reflecting upward revisions of $1 to $4 per share. Analysts cited strong quarterly performance, improving operational trends, and growing confidence in the company’s leadership and strategic direction.
RTX
US$171.93
RTX
7D
1.9%
1Y
46.2%

RTX: Evolving Defense Priorities And Cybersecurity Will Drive Outlook Amid Cautious Optimism

Analysts have slightly raised their price target for RTX from $192.06 to $193.79, citing modest improvements in projected profit margin and minor adjustments in revenue growth forecasts. What's in the News RTX's Raytheon division is at the center of policy discussions after the U.S. lifted restrictions on Ukraine's use of allied-supplied long-range missiles.
WM
US$209.31
Waste Management
7D
-2.4%
1Y
-3.1%
ETN
US$341.76
Eaton
7D
2.6%
1Y
-4.7%

ETN: Future Returns Will Be Driven By Robust Data Center Demand

Eaton's fair value estimate has increased slightly to $410.77, a move analysts attribute to strong data center order growth and improving outlooks following recent earnings and acquisition updates. Analyst Commentary Recent Street research reflects a strong wave of optimism for Eaton.
MMM
US$165.09
3M
7D
-3.8%
1Y
27.2%

MMM: Shares Will Balance Turnaround Progress With Litigation and Asset Sale Uncertainty

Analysts have marginally raised their fair value estimate for 3M to $174.94, citing improved organic growth, ongoing new product introductions, and increased profit margin expectations following recent quarterly results. Analyst Commentary Recent analyst research has revealed a shifting perspective on 3M, as several experts adjust their outlooks based on the company’s latest earnings performance and ongoing strategic initiatives.