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U.S. Industrials Sector Analysis

UpdatedFeb 12, 2026
DataAggregated Company Financials
Companies1060
  • 7D3.3%
  • 3M15.5%
  • 1Y27.4%
  • YTD10.7%

In the last week, the Industrials industry is up 3.3%, with Caterpillar up 12%. In the same time, Automatic Data Processing was down 7.3%. This means that the industry has gained 27% over the past year. 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, 12 Feb 2026US$7.4tUS$2.9tUS$211.1b26.8x35.2x2.6x
Sat, 10 Jan 2026US$6.7tUS$2.7tUS$210.3b25.4x31.8x2.4x
Mon, 08 Dec 2025US$6.4tUS$2.7tUS$209.6b24.6x30.6x2.3x
Wed, 05 Nov 2025US$6.4tUS$2.7tUS$215.4b24.8x29.9x2.4x
Fri, 03 Oct 2025US$6.4tUS$2.7tUS$209.3b25x30.5x2.4x
Sun, 31 Aug 2025US$6.2tUS$2.7tUS$208.6b25x29.8x2.3x
Tue, 29 Jul 2025US$6.3tUS$2.7tUS$205.8b24.3x30.7x2.3x
Thu, 26 Jun 2025US$5.9tUS$2.7tUS$205.3b22.8x28.8x2.2x
Sat, 24 May 2025US$5.7tUS$2.7tUS$206.3b22.4x27.6x2.1x
Mon, 21 Apr 2025US$5.1tUS$2.7tUS$203.0b19.8x25x1.9x
Wed, 19 Mar 2025US$5.4tUS$2.7tUS$203.5b21.4x26.6x2x
Fri, 14 Feb 2025US$5.7tUS$2.7tUS$206.3b23.6x27.8x2.1x
Sun, 12 Jan 2025US$5.5tUS$2.7tUS$197.0b23.3x28x2x
Tue, 10 Dec 2024US$5.9tUS$2.7tUS$198.3b24.9x30x2.2x
Thu, 07 Nov 2024US$5.7tUS$2.7tUS$193.9b25.3x29.5x2.1x
Sat, 05 Oct 2024US$5.6tUS$2.7tUS$179.9b23.1x31.3x2.1x
Mon, 02 Sep 2024US$5.5tUS$2.7tUS$179.7b22.6x30.4x2x
Wed, 31 Jul 2024US$5.3tUS$2.7tUS$181.5b22.7x29.3x2x
Fri, 28 Jun 2024US$5.1tUS$2.7tUS$170.4b21.2x30.1x1.9x
Sun, 26 May 2024US$5.3tUS$2.7tUS$170.2b22.5x31x2x
Tue, 23 Apr 2024US$5.1tUS$2.7tUS$173.6b22.5x29.3x1.9x
Thu, 21 Mar 2024US$5.2tUS$2.7tUS$172.5b23.1x30.3x2x
Sat, 17 Feb 2024US$5.1tUS$2.7tUS$174.5b22.7x29x1.9x
Mon, 15 Jan 2024US$4.9tUS$2.7tUS$184.2b20.8x26.4x1.8x
Wed, 13 Dec 2023US$4.7tUS$2.7tUS$182.7b20.4x26x1.7x
Fri, 10 Nov 2023US$4.4tUS$2.7tUS$185.4b17.8x23.6x1.6x
Sun, 08 Oct 2023US$4.4tUS$2.7tUS$192.2b17.7x22.7x1.6x
Tue, 05 Sep 2023US$4.7tUS$2.7tUS$189.4b19.4x24.7x1.7x
Thu, 03 Aug 2023US$4.7tUS$2.7tUS$191.2b18.7x24.8x1.7x
Sat, 01 Jul 2023US$4.6tUS$2.7tUS$184.1b18.3x25.1x1.7x
Mon, 29 May 2023US$4.2tUS$2.7tUS$183.1b17x22.9x1.6x
Wed, 26 Apr 2023US$4.2tUS$2.6tUS$167.9b18.1x25x1.6x
Fri, 24 Mar 2023US$4.1tUS$2.6tUS$166.0b18.1x24.8x1.6x
Sun, 19 Feb 2023US$4.2tUS$2.5tUS$161.2b19.3x25.9x1.6x
Price to Earnings Ratio

25.9x


Total Market Cap: US$4.2tTotal Earnings: US$161.2bTotal Revenue: US$2.5tTotal 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 35.2x 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 9.4% per year over the last three years.
  • Revenues for these companies have grown 3.8% 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 Market1.43%
Industrials3.31%
Construction13.12%
Electrical7.52%
Building6.11%
Machinery5.53%
Industrials4.25%
Commercial Services2.65%
Marine and Shipping2.62%
Infrastructure2.27%
Trade Distributors2.03%
Logistics1.77%
Aerospace & Defense1.32%
Airlines1.02%
Transportation0.68%
Professional Services-5.98%
Industry PE
  • Investors are most optimistic about the Electrical industry which is trading above its 3-year average PE ratio of 62.2x.
    • Analysts are expecting annual earnings growth of 18.3%, which is higher than its past year's earnings growth of 13.7% 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 4.0% 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$775.0012.0%
+US$38.9b		120.1%PE40.8x
VRT Vertiv Holdings CoUS$248.5136.1%
+US$25.3b		123.4%PE91.9x
GEV GE VernovaUS$823.6710.4%
+US$20.9b		122.8%PE45.5x
DE DeereUS$612.698.0%
+US$12.3b		28.6%PE33x
ETN EatonUS$396.098.5%
+US$12.1b		27.8%PE37.6x

Latest News

VRT
US$248.51
Vertiv Holdings Co
7D
36.1%
1Y
123.4%
KRMN
US$79.52
Karman Holdings
7D
-18.8%
1Y
n/a
CAT
US$775.00
Caterpillar
7D
12.0%
1Y
120.1%
UBER
US$71.01
Uber Technologies
7D
-3.9%
1Y
-10.5%

UBER: Autonomous Vehicle Partnerships And AI Will Drive Long Term Upside

Analysts have trimmed their implied fair value for Uber Technologies to about US$105 from roughly US$110, reflecting slightly softer revenue growth assumptions, a modestly lower future P/E multiple, and a small improvement in expected profit margins following a broad round of Street price target cuts in recent research. Analyst Commentary Recent research on Uber reflects a wide reset in price targets, with most firms trimming their numbers while generally keeping constructive views on execution, profits, and long term growth opportunities.
XYL
US$126.77
Xylem
7D
-9.3%
1Y
-2.4%
ADP
US$217.57
Automatic Data Processing
7D
-7.3%
1Y
-29.0%

ADP: Dividend Power And HR Platform Execution Will Support Premium P/E

Analysts have trimmed their average price target on Automatic Data Processing by about $10, reflecting slightly more cautious assumptions on revenue growth, profit margins and future P/E multiples after a series of target cuts from major research firms, alongside one fresh bullish initiation. Analyst Commentary Recent research on Automatic Data Processing shows a cluster of target cuts alongside one new, more optimistic initiation.
VRSK
US$173.77
Verisk Analytics
7D
-8.3%
1Y
-40.7%
ETN
US$396.09
Eaton
7D
8.5%
1Y
27.8%

ETN: Future Returns Will Balance AI Power Demand And Vehicle Unit Review

Eaton’s updated analyst price target has edged slightly lower by about $0.26 to reflect modest tweaks to revenue growth, margins and future P/E assumptions, as analysts balance recent target cuts with ongoing interest in the company’s above market growth prospects highlighted in recent research. Analyst Commentary Recent Street research on Eaton reflects a mix of optimism on long term growth drivers and caution around valuation and earnings expectations.
GEV
US$823.67
GE Vernova
7D
10.4%
1Y
122.8%

GEV: Buybacks And Grid Projects Will Support Balanced Long Term Returns

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).
ROK
US$406.77
Rockwell Automation
7D
-5.4%
1Y
34.7%

ROK: Rich P/E And Expansion Plans Will Likely Fail To Support Upside

Analysts have lifted their fair value estimate for Rockwell Automation from about US$295.25 to roughly US$317.16, citing updated assumptions for the discount rate, revenue growth, profit margin, and future P/E expectations. What's in the News Updated fiscal 2026 guidance, with a sales outlook of US$8.8b and a narrowed diluted EPS range of US$10.75 to US$11.55, compared with the prior range of US$10.40 to US$11.40 (Corporate Guidance) Completed a long-running share repurchase program, buying 409,500 shares for US$154.15m in the latest tranche and a total of 35,356,215 shares for US$6,227.01m since the buyback was announced in 2014 (Buyback Tranche Update) Deepened collaboration with Lucid to supply FactoryTalk MES software and training for the automaker's first vehicle manufacturing site in Saudi Arabia, supporting production for future midsize vehicles and local workforce development (Client Announcement) Selected by THG Nutrition, part of THG PLC, to roll out the Plex MES platform across global manufacturing sites to unify processes, improve real-time visibility, and support a growth-by-acquisition model (Client Announcement) Announced plans for a greenfield manufacturing campus in Southeastern Wisconsin, with more than 1 million square feet of space and advanced automation, as part of a previously disclosed US$2b investment program in plants, digital infrastructure, and talent over five years (Business Expansion) Valuation Changes Fair Value Estimate increased from about US$295.25 to roughly US$317.16, representing a modest uplift in the intrinsic value assessment.
BE
US$155.54
Bloom Energy
7D
5.6%
1Y
562.4%

Upgrade: Analysts Just Made A Substantial Increase To Their Bloom Energy Corporation (NYSE:BE) Forecasts

Feb 07
Upgrade: Analysts Just Made A Substantial Increase To Their Bloom Energy Corporation (NYSE:BE) Forecasts
ODFL
US$194.46
Old Dominion Freight Line
7D
-6.8%
1Y
-4.2%
BR
US$167.55
Broadridge Financial Solutions
7D
-11.9%
1Y
-30.9%

Broadridge Financial Solutions, Inc. Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Predictions

Feb 06
Broadridge Financial Solutions, Inc. Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Predictions
DE
US$612.69
Deere
7D
8.0%
1Y
28.6%
PWR
US$523.96
Quanta Services
7D
12.8%
1Y
75.6%

PWR: Power Supercycle Expansion And Acquisitions Will Likely Expose Downside Risk

Analysts nudged their price targets on Quanta Services higher, citing recent target increases from several firms, a refreshed view on its Electric division and acquisition benefits. Together, these factors support a revised fair value of about $372 per share and a lower assumed future P/E near 37x.
HWM
US$230.85
Howmet Aerospace
7D
10.7%
1Y
80.2%

HWM: Aircraft Production And Aftermarket Demand Will Support Sustained Future Earnings Power

Analysts have slightly raised their fair value estimate for Howmet Aerospace to reflect modestly updated assumptions around discount rates, revenue growth, margins, and future P/E. They cite recent price target increases across the Street that are tied to sector momentum, rising aircraft production, and sustained aftermarket demand.