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U.S. Industrials Sector Analysis

UpdatedApr 20, 2026
DataAggregated Company Financials
Companies1044
  • 7D1.2%
  • 3M5.7%
  • 1Y46.1%
  • YTD10.7%

Over the last 7 days, the Industrials industry has risen 1.2%, and Uber Technologies contributed the most with a gain of 6.6%. In the last 12 months, the industry was up 46%. 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
Mon, 20 Apr 2026US$7.5tUS$2.8tUS$214.3b26.3x34.9x2.6x
Wed, 18 Mar 2026US$7.0tUS$2.9tUS$212.1b24x33.2x2.5x
Fri, 13 Feb 2026US$7.5tUS$2.8tUS$212.1b26.7x35.2x2.6x
Sun, 11 Jan 2026US$6.8tUS$2.7tUS$210.5b25.4x32.1x2.5x
Tue, 09 Dec 2025US$6.4tUS$2.7tUS$209.6b24.8x30.6x2.3x
Thu, 06 Nov 2025US$6.4tUS$2.7tUS$215.4b24.9x29.5x2.3x
Sat, 04 Oct 2025US$6.4tUS$2.7tUS$209.3b25x30.6x2.4x
Mon, 01 Sep 2025US$6.2tUS$2.7tUS$208.6b25x29.8x2.3x
Wed, 30 Jul 2025US$6.3tUS$2.7tUS$205.8b24.3x30.5x2.3x
Fri, 27 Jun 2025US$5.9tUS$2.7tUS$205.2b23.4x28.5x2.2x
Sun, 25 May 2025US$5.7tUS$2.7tUS$206.3b22.4x27.5x2.1x
Tue, 22 Apr 2025US$5.1tUS$2.7tUS$203.0b19.5x25x1.9x
Thu, 20 Mar 2025US$5.4tUS$2.7tUS$203.5b21.6x26.5x2x
Sat, 15 Feb 2025US$5.7tUS$2.7tUS$206.3b23.6x27.8x2.1x
Mon, 13 Jan 2025US$5.5tUS$2.7tUS$197.0b23.3x28x2x
Wed, 11 Dec 2024US$5.9tUS$2.7tUS$198.3b24.5x29.7x2.2x
Fri, 08 Nov 2024US$6.0tUS$2.7tUS$194.0b24.9x30.7x2.2x
Sun, 06 Oct 2024US$5.7tUS$2.7tUS$179.9b23.1x31.5x2.1x
Tue, 03 Sep 2024US$5.5tUS$2.7tUS$179.6b22.6x30.4x2x
Thu, 01 Aug 2024US$5.4tUS$2.7tUS$180.7b23.1x29.8x2x
Sat, 29 Jun 2024US$5.1tUS$2.7tUS$170.6b21.6x30.1x1.9x
Mon, 27 May 2024US$5.3tUS$2.7tUS$170.0b22.5x31.1x2x
Wed, 24 Apr 2024US$5.2tUS$2.7tUS$168.3b23x30.9x1.9x
Fri, 22 Mar 2024US$5.3tUS$2.7tUS$172.6b23.3x30.6x2x
Sun, 18 Feb 2024US$5.0tUS$2.7tUS$174.5b22.6x28.8x1.9x
Tue, 16 Jan 2024US$4.9tUS$2.7tUS$184.2b20.8x26.4x1.8x
Thu, 14 Dec 2023US$4.7tUS$2.7tUS$182.7b20.7x26x1.7x
Sat, 11 Nov 2023US$4.3tUS$2.7tUS$185.1b18.3x23.5x1.6x
Mon, 09 Oct 2023US$4.4tUS$2.7tUS$192.2b17.7x22.7x1.6x
Wed, 06 Sep 2023US$4.6tUS$2.7tUS$189.3b18.9x24.3x1.7x
Fri, 04 Aug 2023US$4.7tUS$2.7tUS$191.5b19.1x24.6x1.7x
Sun, 02 Jul 2023US$4.6tUS$2.7tUS$184.1b18.3x25.1x1.7x
Tue, 30 May 2023US$4.2tUS$2.7tUS$183.0b17x23x1.6x
Thu, 27 Apr 2023US$4.1tUS$2.7tUS$173.7b17.6x23.8x1.6x
Price to Earnings Ratio

23.8x


Total Market Cap: US$4.1tTotal Earnings: US$173.7bTotal Revenue: US$2.7tTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Industrials Sector Price to Earnings3Y Average 28.5x202420252026
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 34.9x which is higher than its 3-year average PE of 28.5x.
  • 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 7.3% 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 Market4.02%
Industrials1.18%
Airlines7.71%
Logistics4.80%
Professional Services4.01%
Transportation3.74%
Electrical2.56%
Trade Distributors2.00%
Marine and Shipping1.39%
Construction1.36%
Industrials0.007%
Building-0.091%
Machinery-0.19%
Aerospace & Defense-0.32%
Commercial Services-0.43%
Infrastructure-1.05%
Industry PE
  • Investors are most optimistic about the Electrical industry, which is trading close to its 3-year average PE ratio of 63.7x.
    • Analysts expect its future annual earnings growth (20.1%) 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
UBER Uber TechnologiesUS$77.126.6%
+US$9.7b		5.8%PE15.6x
BE Bloom EnergyUS$207.8617.7%
+US$8.8b		1,169.0%PS28.8x
RKLB Rocket LabUS$84.8020.1%
+US$8.2b		354.7%PS81.1x
FDX FedExUS$392.385.5%
+US$4.9b		91.3%PE20.9x
CAR Avis Budget GroupUS$493.8633.1%
+US$4.3b		512.3%PS1.5x

Latest News

CARR
US$61.32
Carrier Global
7D
-4.7%
1Y
5.4%
UPS
US$106.44
United Parcel Service
7D
4.3%
1Y
10.6%

UPS: Physical Network Strength Will Support Earnings Recovery Beyond Near Term Pressure

Analysts have adjusted the fair value estimate for United Parcel Service to $135 from $122, reflecting updated views on the company as research commentary highlights both increased optimism around its physical network assets and ongoing caution about near term earnings pressure. Analyst Commentary Recent Street research on United Parcel Service shows a mix of caution on near term earnings and growing interest in the company’s long term asset base and execution plans.
RTX
US$196.42
RTX
7D
-2.5%
1Y
55.7%

RTX Corporation (RTX): The Autonomous Wingman Era and the Future of Collaborative Combat

RTX Corporation (RTX) , the global architect of both commercial flight and national security, enters Saturday, April 18, 2026 , as a critical nexus in the shift toward automated warfare. Trading at $196.50 USD following a resilient 1.14% daily climb , the stock is effectively shaking off the volatility of early 2026 as it prepares for its Q1 earnings report on Tuesday, April 21.
FDX
US$392.38
FedEx
7D
5.5%
1Y
91.3%
BE
US$207.86
Bloom Energy
7D
17.7%
1Y
1,169.0%

BE: Oracle AI Power Deal Will Keep Premium P/E Misaligned

Analysts now see Bloom Energy's fair value at $66.98 compared with $64.79 previously, reflecting updated views on discount rate, revenue growth, profit margin and future P/E assumptions. What's in the News Bloom Energy expanded its partnership with Oracle under a master services agreement, with Oracle intending to procure up to 2.8 gigawatts of Bloom fuel cell systems to support AI and cloud computing projects in the U.S., including an initial 1.2 gigawatts already contracted with deployment underway and extending into next year (Key Developments).
UBER
US$77.12
Uber Technologies
7D
6.6%
1Y
5.8%
AXON
US$402.85
Axon Enterprise
7D
12.0%
1Y
-25.7%
XYL
US$121.11
Xylem
7D
-6.0%
1Y
11.6%
RKLB
US$84.80
Rocket Lab
7D
20.1%
1Y
354.7%

Rocket Lab USA, Inc. (RKLB): The "End-to-End" Space Sovereign and the Neutron Inflection

Rocket Lab USA, Inc. (RKLB) , the most consistent challenger to the SpaceX orbital monopoly, reached a critical high-water mark on Friday, April 17, 2026.
LMT
US$592.19
Lockheed Martin
7D
-4.4%
1Y
29.2%

Orbit + Aero + Defense

Key Takeaways Two simple engines: Orbit (Space): building space-based “defence infrastructure” (sensing, tracking, comms). Aero + Defence: the big money makers today (F-35, missiles/missile defense, radars/mission systems).
NOC
US$665.26
Northrop Grumman
7D
-2.4%
1Y
25.2%
GE
US$304.13
General Electric
7D
-2.5%
1Y
70.5%

GE: Future Engine Demand And Automation Will Test Execution Balance

Analysts have trimmed the General Electric fair value estimate to $290.00, reflecting updated views on discount rates, revenue growth, profit margins, and future P/E assumptions drawn from the latest mix of higher and lower Street price targets on GE Aerospace. Analyst Commentary Recent Street research on GE Aerospace presents a mix of optimism and caution around the current share price and earnings outlook.
DE
US$590.46
Deere
7D
-2.1%
1Y
33.7%
GEV
US$1,002.75
GE Vernova
7D
1.2%
1Y
220.3%
CAR
US$493.86
Avis Budget Group
7D
33.1%
1Y
512.3%

CAR: Equity Offering And Margin Pressure Will Limit Future Earnings Power

Analysts have adjusted their price target on Avis Budget Group to $85.00, reflecting updated views on slightly higher revenue growth, a modestly improved profit margin outlook, and a revised future P/E assumption. What's in the News Avis Budget Group filed a follow on equity offering of $5 million in common stock, structured as an at the market offering (Key Developments).
WM
US$223.95
Waste Management
7D
-3.1%
1Y
-1.6%