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U.S. Industrials Sector Analysis

UpdatedApr 10, 2026
DataAggregated Company Financials
Companies1037
  • 7D5.0%
  • 3M5.0%
  • 1Y42.3%
  • YTD8.7%

General Electric is up 11%, leading the way for the Industrials industry, which has gained 5.0%. During this same period, the Axon Enterprise underperformed, falling 15%. This takes the industry's 12 month performance to a gain of 42%. Looking forward, earnings are forecast to grow by 16% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 10 Apr 2026US$7.3tUS$2.8tUS$214.2b25.4x33.9x2.6x
Sun, 08 Mar 2026US$7.2tUS$2.9tUS$213.0b25.3x33.7x2.5x
Tue, 03 Feb 2026US$7.1tUS$2.9tUS$214.1b25.9x32.9x2.5x
Thu, 01 Jan 2026US$6.5tUS$2.7tUS$210.3b24.2x30.7x2.4x
Sat, 29 Nov 2025US$6.4tUS$2.7tUS$209.8b24.4x30.3x2.3x
Mon, 27 Oct 2025US$6.5tUS$2.7tUS$210.4b25.9x30.9x2.4x
Wed, 24 Sep 2025US$6.3tUS$2.7tUS$208.5b24.9x30.4x2.3x
Fri, 22 Aug 2025US$6.2tUS$2.7tUS$208.9b24.3x29.5x2.3x
Sun, 20 Jul 2025US$6.1tUS$2.7tUS$206.1b23.8x29.8x2.3x
Tue, 17 Jun 2025US$5.8tUS$2.7tUS$205.1b22.6x28.2x2.1x
Thu, 15 May 2025US$5.7tUS$2.7tUS$206.7b22.5x27.7x2.1x
Sat, 12 Apr 2025US$5.0tUS$2.7tUS$203.5b19.9x24.6x1.9x
Mon, 10 Mar 2025US$5.5tUS$2.7tUS$204.0b21.8x26.8x2x
Wed, 05 Feb 2025US$5.7tUS$2.7tUS$203.2b23.8x28.2x2.1x
Fri, 03 Jan 2025US$5.5tUS$2.7tUS$197.9b23.7x27.9x2x
Sun, 01 Dec 2024US$6.1tUS$2.7tUS$197.2b25x30.8x2.2x
Tue, 29 Oct 2024US$5.7tUS$2.7tUS$188.5b23.5x30.1x2.1x
Thu, 26 Sep 2024US$5.6tUS$2.7tUS$179.7b23x31.3x2.1x
Sat, 24 Aug 2024US$5.3tUS$2.7tUS$179.3b22.6x29.8x2x
Mon, 22 Jul 2024US$5.3tUS$2.7tUS$169.9b22.4x31.1x2x
Wed, 19 Jun 2024US$5.2tUS$2.7tUS$170.1b21.2x30.3x1.9x
Fri, 17 May 2024US$5.4tUS$2.7tUS$171.6b23.1x31.2x2x
Sun, 14 Apr 2024US$5.3tUS$2.7tUS$173.8b22.8x30.4x2x
Tue, 12 Mar 2024US$5.2tUS$2.7tUS$172.6b23x29.9x1.9x
Thu, 08 Feb 2024US$4.9tUS$2.7tUS$172.3b21.9x28.5x1.8x
Sat, 06 Jan 2024US$4.8tUS$2.7tUS$182.9b20.9x26.3x1.8x
Mon, 04 Dec 2023US$4.7tUS$2.7tUS$182.5b19.9x25.7x1.7x
Wed, 01 Nov 2023US$4.2tUS$2.7tUS$183.7b17.2x23.1x1.6x
Fri, 29 Sep 2023US$4.4tUS$2.7tUS$189.4b18.1x23.3x1.6x
Sun, 27 Aug 2023US$4.6tUS$2.7tUS$189.3b18.7x24.1x1.7x
Tue, 25 Jul 2023US$4.7tUS$2.7tUS$188.2b18.2x25x1.7x
Thu, 22 Jun 2023US$4.5tUS$2.7tUS$183.7b18.2x24.5x1.7x
Sat, 20 May 2023US$4.3tUS$2.7tUS$183.8b17x23.1x1.6x
Mon, 17 Apr 2023US$4.3tUS$2.6tUS$167.1b18.1x25.5x1.6x
Price to Earnings Ratio

25.5x


Total Market Cap: US$4.3tTotal Earnings: US$167.1bTotal Revenue: US$2.6tTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Industrials Sector Price to Earnings3Y Average 28.4x202420252026
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 33.9x which is higher than its 3-year average PE of 28.4x.
  • 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 8.6% per year over the last three years.
  • Revenues for these companies have grown 2.2% 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 Market3.43%
Industrials5.01%
Electrical9.08%
Machinery7.97%
Building7.65%
Construction6.29%
Trade Distributors6.23%
Infrastructure5.26%
Aerospace & Defense4.21%
Airlines3.82%
Industrials3.25%
Logistics2.89%
Transportation2.52%
Marine and Shipping1.10%
Commercial Services-0.23%
Professional Services-2.42%
Industry PE
  • Investors are most optimistic about the Electrical industry, which is trading close to its 3-year average PE ratio of 63.5x.
    • Analysts expect its future annual earnings growth (19.7%) to be largely in line with prior year's earnings growth.
  • Investors are most pessimistic about the Marine and Shipping industry, which is trading below its 3-year average of 16.3x.
Forecasted Growth
  • Analysts are most optimistic on the Construction industry, expecting annual earnings growth of 22% over the next 5 years.
  • This is roughly in line with its past earnings growth rate.
  • 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
GE General ElectricUS$313.0211.3%
+US$33.3b		72.5%PE38x
CAT CaterpillarUS$787.079.7%
+US$32.5b		172.2%PE41.2x
GEV GE VernovaUS$968.027.7%
+US$18.1b		212.3%PE53.3x
ETN EatonUS$400.4410.9%
+US$15.3b		47.9%PE38x
DE DeereUS$618.007.3%
+US$11.4b		39.1%PE34.7x

Latest News

CAT
US$787.07
Caterpillar
7D
9.7%
1Y
172.2%
PAYX
US$87.86
Paychex
7D
-4.2%
1Y
-39.2%

Paychex: Staying Neutral Because Of Near-Term Growth Concerns

Apr 09
GE
US$313.02
General Electric
7D
11.3%
1Y
72.5%

GE Aerospace: The Market Is Missing The Multi-Decade Cash Flow Engine

Apr 09
VRT
US$287.64
Vertiv Holdings Co
7D
10.1%
1Y
324.7%
ADP
US$196.02
Automatic Data Processing
7D
-3.9%
1Y
-34.6%
DE
US$618.00
Deere
7D
7.3%
1Y
39.1%
VRSK
US$169.41
Verisk Analytics
7D
-8.5%
1Y
-40.7%
GEV
US$968.02
GE Vernova
7D
7.7%
1Y
212.3%
ETN
US$400.44
Eaton
7D
10.9%
1Y
47.9%

ETN: AI Data Center Hopes Will Be Tested By Boyd Execution Risks

Analysts have trimmed the Eaton price target by about $6 to reflect a lower assumed future P/E multiple of roughly 26x, while also factoring in updated views on revenue growth, margins and recent research that highlights both upside potential from data center exposure and mixed sentiment around the stock. Analyst Commentary Recent research on Eaton shows a split view, with some firms lifting price targets or initiating coverage positively, while others are dialing back expectations and highlighting risks around execution, valuation and future growth assumptions.
AXON
US$351.33
Axon Enterprise
7D
-14.9%
1Y
-36.3%
NOC
US$690.57
Northrop Grumman
7D
-1.7%
1Y
33.8%
PH
US$982.99
Parker-Hannifin
7D
8.3%
1Y
75.5%

PH: Buybacks And 2026 Guidance Will Support A Constructive Long Term View

Analysts have made a small downward adjustment to the Parker Hannifin price target, trimming it by less than $1 to reflect slightly updated assumptions around fair value, discount rate, revenue growth, profit margin, and future P/E. What's in the News Parker-Hannifin reported a buyback tranche update, repurchasing 92,199 shares, representing 0.07%, for US$75 million between October 1, 2025 and December 31, 2025, as part of the program announced on October 22, 2014 (Key Developments).
GD
US$343.90
General Dynamics
7D
-1.5%
1Y
26.5%
RSG
US$217.00
Republic Services
7D
-2.8%
1Y
-9.7%
WM
US$233.10
Waste Management
7D
-1.0%
1Y
2.9%
RTX
US$203.19
RTX
7D
3.6%
1Y
59.9%