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U.S. Industrials Sector Analysis

UpdatedJan 07, 2026
DataAggregated Company Financials
Companies1073
  • 7D4.0%
  • 3M3.9%
  • 1Y22.0%
  • YTD3.0%

Over the last 7 days, the Industrials industry has risen 4.0%, driven by gains from Caterpillar of 7.9%. Meanwhile, Johnson Controls International actually underperformed within the industry, shrinking 5.8% in the last week. This takes the industry's 12 month performance to a gain of 22%. 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
Wed, 07 Jan 2026US$6.6tUS$2.7tUS$210.2b25.2x31.6x2.4x
Fri, 05 Dec 2025US$6.4tUS$2.7tUS$210.0b24.7x30.4x2.3x
Sun, 02 Nov 2025US$6.5tUS$2.7tUS$211.0b24.9x30.7x2.4x
Tue, 30 Sep 2025US$6.3tUS$2.7tUS$208.6b24.8x30.1x2.3x
Thu, 28 Aug 2025US$6.3tUS$2.7tUS$209.0b25.3x30x2.3x
Sat, 26 Jul 2025US$6.2tUS$2.7tUS$205.6b24.5x30.4x2.3x
Mon, 23 Jun 2025US$5.8tUS$2.7tUS$205.1b22.3x28.2x2.1x
Wed, 21 May 2025US$5.8tUS$2.7tUS$206.5b23x28.3x2.2x
Fri, 18 Apr 2025US$5.1tUS$2.7tUS$203.0b19.8x24.9x1.9x
Sun, 16 Mar 2025US$5.3tUS$2.7tUS$203.4b21.2x26.2x2x
Tue, 11 Feb 2025US$5.7tUS$2.7tUS$208.1b24.3x27.6x2.1x
Thu, 09 Jan 2025US$5.6tUS$2.7tUS$197.6b23.7x28.2x2x
Sat, 07 Dec 2024US$6.0tUS$2.7tUS$198.3b24.9x30x2.2x
Mon, 04 Nov 2024US$5.6tUS$2.7tUS$193.7b23.2x29.1x2.1x
Wed, 02 Oct 2024US$5.7tUS$2.7tUS$179.9b23.1x31.4x2.1x
Fri, 30 Aug 2024US$5.4tUS$2.7tUS$179.7b22.3x29.9x2x
Sun, 28 Jul 2024US$5.3tUS$2.7tUS$181.5b22.5x29.4x2x
Tue, 25 Jun 2024US$5.2tUS$2.7tUS$171.3b21.4x30.2x1.9x
Thu, 23 May 2024US$5.3tUS$2.7tUS$171.5b22.9x30.9x2x
Sat, 20 Apr 2024US$5.1tUS$2.7tUS$173.6b22x29.4x1.9x
Mon, 18 Mar 2024US$5.2tUS$2.7tUS$172.4b22.8x30x2x
Wed, 14 Feb 2024US$4.9tUS$2.7tUS$173.3b22.3x28.4x1.9x
Fri, 12 Jan 2024US$4.9tUS$2.7tUS$182.9b20.7x26.6x1.8x
Sun, 10 Dec 2023US$4.7tUS$2.7tUS$182.9b20.2x25.5x1.7x
Tue, 07 Nov 2023US$4.4tUS$2.7tUS$180.4b17.9x24.3x1.6x
Thu, 05 Oct 2023US$4.4tUS$2.7tUS$192.2b17.7x22.7x1.6x
Sat, 02 Sep 2023US$4.7tUS$2.7tUS$189.3b19.4x24.7x1.7x
Mon, 31 Jul 2023US$4.7tUS$2.7tUS$181.5b18.4x25.9x1.7x
Wed, 28 Jun 2023US$4.5tUS$2.7tUS$184.5b18x24.5x1.7x
Fri, 26 May 2023US$4.2tUS$2.7tUS$183.2b16.9x22.7x1.6x
Sun, 23 Apr 2023US$4.3tUS$2.7tUS$167.9b18.2x25.5x1.6x
Tue, 21 Mar 2023US$4.0tUS$2.5tUS$159.2b18.4x25.2x1.6x
Thu, 16 Feb 2023US$4.2tUS$2.5tUS$160.7b19.3x26.2x1.7x
Sat, 14 Jan 2023US$4.1tUS$2.5tUS$154.8b18.5x26.7x1.6x
Price to Earnings Ratio

26.7x


Total Market Cap: US$4.1tTotal Earnings: US$154.8bTotal Revenue: US$2.5tTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Industrials Sector Price to Earnings3Y Average 27.8x202420252026
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 31.6x which is higher than its 3-year average PE of 27.8x.
  • 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 2.8% 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 Market1.04%
Industrials4.05%
Aerospace & Defense6.51%
Electrical6.01%
Airlines5.92%
Logistics5.24%
Machinery4.98%
Construction4.80%
Industrials3.87%
Marine and Shipping3.72%
Trade Distributors3.68%
Transportation2.58%
Infrastructure2.20%
Professional Services1.15%
Building-0.73%
Commercial Services-0.80%
Industry PE
  • Investors are most optimistic about the Electrical industry which is trading above its 3-year average PE ratio of 60.4x.
    • Analysts are expecting annual earnings growth of 21.9%, which is higher than its past year's earnings growth of 16.6% per year.
  • Investors are most pessimistic about the Marine and Shipping industry, which is trading below its 3-year average of 15.7x.
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
CAT CaterpillarUS$623.097.9%
+US$21.4b		71.7%PE31.4x
GE General ElectricUS$327.545.1%
+US$16.6b		90.1%PE42.9x
BA BoeingUS$229.845.2%
+US$8.6b		33.2%PS2.2x
RTX RTXUS$190.403.5%
+US$8.6b		65.9%PE38.7x
RKLB Rocket LabUS$86.0322.1%
+US$8.3b		207.8%PS82.9x

Latest News

CAT
US$623.09
Caterpillar
7D
7.9%
1Y
71.7%
RSG
US$210.93
Republic Services
7D
-1.8%
1Y
3.9%
TRU
US$82.72
TransUnion
7D
-4.9%
1Y
-8.3%
RTX
US$190.40
RTX
7D
3.5%
1Y
65.9%
CTAS
US$187.38
Cintas
7D
-1.6%
1Y
-0.7%

Is Now The Time To Look At Buying Cintas Corporation (NASDAQ:CTAS)?

Jan 06
Is Now The Time To Look At Buying Cintas Corporation (NASDAQ:CTAS)?
LMT
US$522.04
Lockheed Martin
7D
7.0%
1Y
12.5%
GEV
US$686.33
GE Vernova
7D
4.0%
1Y
86.2%
GE
US$327.54
General Electric
7D
5.1%
1Y
90.1%

GE: Large Engine Deals And Higher Margins Will Support Future Returns

Analysts have updated their price views on General Electric, citing revised assumptions for revenue growth, profit margins, and future P/E ratios. These changes collectively refine their estimate of fair value to approximately $394.00.
RKLB
US$86.03
Rocket Lab
7D
22.1%
1Y
207.8%
JCI
US$113.95
Johnson Controls International
7D
-5.8%
1Y
43.9%

Johnson Controls International (NYSE:JCI) Seems To Use Debt Quite Sensibly

Jan 03
Johnson Controls International (NYSE:JCI) Seems To Use Debt Quite Sensibly
UBER
US$85.54
Uber Technologies
7D
4.2%
1Y
29.3%
EFX
US$212.25
Equifax
7D
-3.9%
1Y
-13.5%

EFX: High Entry Barriers Will Support Future Outperformance Amid Mortgage Licensing Shift

Analysts have nudged their average price target for Equifax slightly lower, trimming fair value by approximately $0.50 to around $266.75 as they factor in modestly higher long term revenue growth and durable high quality assets, but also incremental earnings pressure and potential headwinds from FICO's new Mortgage Direct License Program. Analyst Commentary Analysts remain divided on Equifax, with views shaped by the competitive implications of FICO's Mortgage Direct License Program and the durability of Equifax's core data assets.
WCN
US$174.30
Waste Connections
7D
-2.2%
1Y
1.1%

WCN: Future Returns Will Be Driven By Accretive M&A And Aggressive Buybacks

The analyst price target for Waste Connections has inched higher to approximately $205 from about $205 previously, as analysts highlight the company’s consistent outperformance, margin expansion potential, and long runway for value accretive M&A, despite near term sector headwinds. Analyst Commentary Bullish analysts generally frame Waste Connections as a high quality compounder, emphasizing its history of value accretive acquisitions and a long runway to continue consolidating fragmented secondary and rural markets.
WM
US$219.08
Waste Management
7D
-1.4%
1Y
7.7%
TT
US$381.10
Trane Technologies
7D
-2.7%
1Y
0.3%

TT: AI Building And Data Center Solutions Will Drive Future Margin Upside

Analysts slightly raised their price target on Trane Technologies by approximately 0.1 percent to about $482 per share, citing modest improvements in long term profit margin expectations and a marginally higher forward earnings multiple, despite largely unchanged growth and discount rate assumptions. What's in the News Trane Technologies completed the acquisition of BrainBox AI, expanding its AI driven building decarbonization and energy optimization capabilities after more than two years of prior collaboration.
BA
US$229.84
Boeing
7D
5.2%
1Y
33.2%

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).