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U.S. Industrials Sector Analysis

UpdatedNov 20, 2025
DataAggregated Company Financials
Companies1036
  • 7D-3.5%
  • 3M0.2%
  • 1Y6.5%
  • YTD13.0%

Over the last 7 days, the Industrials industry has dropped 3.5%, driven by Uber Technologies declining 9.2%. In contrast, Waste Management has gained 6.0%. Over the past 12 months, the industry was up 6.5%. 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
Fri, 21 Nov 2025US$6.1tUS$2.7tUS$210.5b23.4x29.2x2.2x
Sun, 19 Oct 2025US$6.3tUS$2.7tUS$209.8b25x30.2x2.3x
Tue, 16 Sep 2025US$6.2tUS$2.7tUS$208.3b24.9x29.9x2.3x
Thu, 14 Aug 2025US$6.2tUS$2.7tUS$209.8b24.9x29.7x2.3x
Sat, 12 Jul 2025US$6.1tUS$2.7tUS$205.4b24.3x29.7x2.3x
Mon, 09 Jun 2025US$5.9tUS$2.7tUS$205.2b22.7x28.5x2.2x
Wed, 07 May 2025US$5.4tUS$2.7tUS$203.5b21x26.7x2x
Fri, 04 Apr 2025US$5.4tUS$2.7tUS$203.3b20.1x26.6x2x
Sun, 02 Mar 2025US$5.6tUS$2.7tUS$204.1b21.8x27.3x2.1x
Tue, 28 Jan 2025US$5.9tUS$2.7tUS$197.1b24x30.1x2.2x
Thu, 26 Dec 2024US$5.6tUS$2.7tUS$197.9b23.6x28.4x2.1x
Sat, 23 Nov 2024US$6.0tUS$2.7tUS$197.3b24.5x30.2x2.2x
Mon, 21 Oct 2024US$5.8tUS$2.7tUS$180.3b24.4x32.3x2.1x
Wed, 18 Sep 2024US$5.5tUS$2.7tUS$180.0b22.6x30.3x2x
Fri, 16 Aug 2024US$5.2tUS$2.7tUS$179.8b21.9x29.1x1.9x
Sun, 14 Jul 2024US$5.3tUS$2.7tUS$169.7b22.4x31x2x
Tue, 11 Jun 2024US$5.2tUS$2.7tUS$170.1b21.7x30.4x1.9x
Thu, 09 May 2024US$5.3tUS$2.7tUS$171.4b23x30.8x1.9x
Sat, 06 Apr 2024US$5.2tUS$2.7tUS$173.6b23.6x30.1x2x
Mon, 04 Mar 2024US$5.1tUS$2.7tUS$172.2b23.4x29.9x1.9x
Wed, 31 Jan 2024US$5.0tUS$2.7tUS$178.4b21.6x27.8x1.8x
Fri, 29 Dec 2023US$5.0tUS$2.7tUS$183.1b21.6x27x1.8x
Sun, 26 Nov 2023US$4.6tUS$2.7tUS$182.2b19.5x25.1x1.7x
Tue, 24 Oct 2023US$4.3tUS$2.7tUS$192.8b17.2x22x1.6x
Thu, 21 Sep 2023US$4.5tUS$2.7tUS$189.4b18.2x23.6x1.6x
Sat, 19 Aug 2023US$4.5tUS$2.7tUS$187.8b18.5x24.2x1.7x
Mon, 17 Jul 2023US$4.6tUS$2.7tUS$186.5b18.3x24.9x1.7x
Wed, 14 Jun 2023US$4.5tUS$2.7tUS$182.8b18.4x24.5x1.7x
Fri, 12 May 2023US$4.2tUS$2.7tUS$184.3b17.3x22.8x1.6x
Sun, 09 Apr 2023US$4.2tUS$2.6tUS$166.2b18x25x1.6x
Tue, 07 Mar 2023US$4.2tUS$2.6tUS$162.6b19x25.7x1.6x
Thu, 02 Feb 2023US$4.2tUS$2.5tUS$161.6b19.4x25.9x1.6x
Sat, 31 Dec 2022US$4.0tUS$2.5tUS$153.2b17.5x26x1.6x
Mon, 28 Nov 2022US$4.1tUS$2.5tUS$153.8b18.1x26.7x1.6x
Price to Earnings Ratio

26.7x


Total Market Cap: US$4.1tTotal Earnings: US$153.8bTotal 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 2.2x.
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 Market-3.08%
Industrials-3.48%
Commercial Services2.06%
Marine and Shipping-0.75%
Professional Services-1.91%
Logistics-2.99%
Aerospace & Defense-3.01%
Machinery-3.84%
Electrical-4.16%
Construction-4.25%
Industrials-4.31%
Transportation-4.43%
Infrastructure-4.52%
Trade Distributors-5.37%
Building-5.87%
Airlines-7.82%
Industry PE
  • Investors are most optimistic about the Electrical industry which is trading above its 3-year average PE ratio of 57.8x.
    • Analysts are expecting annual earnings growth of 23.3%, which is higher than its past year's earnings growth of 13.8% per year.
  • Investors are most pessimistic about the Marine and Shipping industry, which is trading below its 3-year average of 15.4x.
Forecasted Growth
  • Analysts are most optimistic on the Infrastructure industry, expecting annual earnings growth of 41% over the next 5 years.
  • This is better than its past earnings decline of 58% per year.
  • In contrast, the Marine and Shipping industry is expected to see its earnings grow by 4.8% 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
WM Waste ManagementUS$216.806.0%
+US$5.0b		-2.1%PE34.1x
RSG Republic ServicesUS$218.436.0%
+US$3.8b		2.0%PE32.1x
LMT Lockheed MartinUS$468.262.7%
+US$2.9b		-13.6%PE25.8x
WCN Waste ConnectionsUS$173.523.7%
+US$1.6b		-8.2%PE71.4x
NOC Northrop GrummanUS$567.351.7%
+US$1.3b		14.3%PE20.1x

Latest News

UBER
US$83.36
Uber Technologies
7D
-9.2%
1Y
19.7%
DY
US$323.37
Dycom Industries
7D
14.4%
1Y
76.5%
JCI
US$112.99
Johnson Controls International
7D
-6.0%
1Y
34.5%
NOC
US$567.35
Northrop Grumman
7D
1.7%
1Y
14.3%

NOC: Defense Spending Increases Will Drive Outperformance Amid Lower Execution Risks

Northrop Grumman’s analyst price target has been raised by analysts from approximately $665 to $667 per share. This reflects stable outlooks and optimism over growth in key defense programs and future cash generation.
URI
US$770.00
United Rentals
7D
-8.7%
1Y
-8.4%

URI: Industry Tailwinds And Infrastructure Spending Will Drive Upside Momentum

Analysts have modestly reduced their price target for United Rentals by approximately $1.61, now forecasting $1,027.14. This adjustment is based on expectations of steady revenue growth, slightly lower profit margins, and updated industry dynamics.
BA
US$179.38
Boeing
7D
-7.8%
1Y
25.1%
ROL
US$59.63
Rollins
7D
3.5%
1Y
20.1%

ROL: Sector Resilience and Recurring Revenue Will Drive Steady Performance Moving Forward

Analysts have raised their price target for Rollins, increasing it from $60.42 to $61.61. They cite strong quarterly performance as well as the company's ongoing resilience and growth prospects in the pest control sector.
WM
US$216.80
Waste Management
7D
6.0%
1Y
-2.1%
ETN
US$328.19
Eaton
7D
-7.3%
1Y
-11.5%

ETN: Future Performance Will Be Driven By Data Center Order Momentum

Eaton's analyst price target has been raised by analysts from $404.21 to $410.70, supported by improving confidence in data center order momentum and anticipated growth from recent acquisitions. Analyst Commentary Recent analyst activity around Eaton has highlighted a generally positive outlook, with several price target increases and upgrades reflecting renewed confidence in the company's growth trajectory and execution on strategic initiatives.
UPS
US$90.87
United Parcel Service
7D
-5.3%
1Y
-30.8%
DE
US$476.33
Deere
7D
0.6%
1Y
8.9%

DE: Technology Ecosystem Will Drive Earnings Recovery After Tariff Headwinds

Deere’s analyst price target increased slightly by $0.45 to $525.40. Analysts cite improving revenue growth, embedded technology advantages, and expectations for an earnings recovery in 2027 that are starting to be reflected in forecasts.
HON
US$188.14
Honeywell International
7D
-5.9%
1Y
-16.8%

HON: Multiple Upcoming Breakup Events Will Unlock Value in Core Business

Honeywell International's analyst fair value target was revised down from $248.54 to $245.60. Analysts cite factors including slower expected revenue growth and profit margins after the Solstice spin-off, as well as updated sum-of-the-parts evaluations.
RSG
US$218.43
Republic Services
7D
6.0%
1Y
2.0%

RSG: Nationwide Labor Win And Buyback Will Drive Improved Outlook

Analysts have revised their price target for Republic Services slightly downward from $256.68 to $248.86. This change reflects updated forecasts for growth, profitability, and valuation multiples.
LMT
US$468.26
Lockheed Martin
7D
2.7%
1Y
-13.6%

LMT: Future Results Will Reflect Order Momentum Amid Ongoing Execution Risks

Lockheed Martin's analyst price target has risen from $516.56 to $526.88. This change reflects analysts' optimism following robust order activity, an improved revenue growth outlook, and ongoing monitoring of operational performance.
WCN
US$173.52
Waste Connections
7D
3.7%
1Y
-8.2%

WCN: Share Repurchases And Dividend Hike Will Drive Long-Term Margin Expansion

Waste Connections saw its average analyst price target edge up modestly by $0.42 to $207.00, as analysts cited continued outperformance versus expectations and optimism around long-term margin expansion and project execution, even though some forecasts for 2026 have been tempered. Analyst Commentary Analysts covering Waste Connections provided a range of perspectives following the latest financial results and guidance updates.
GE
US$290.62
General Electric
7D
-4.5%
1Y
62.6%

GE: Aerospace Engine Demand Will Drive Strong Upside as Production Expands

General Electric’s analyst price target has increased from $327.29 to $343.57, as analysts cite improved commercial engine prospects and a more favorable outlook. This supports a higher valuation.