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U.S. Trade Distributors Industry Analysis

UpdatedApr 27, 2026
DataAggregated Company Financials
Companies61
  • 7D1.7%
  • 3M3.9%
  • 1Y30.1%
  • YTD11.6%

The Trade Distributors industry is up 1.7% in the last week, with United Rentals up 20%. In the same time, QXO was down 16%. This takes the industry's 12 month performance to a gain of 30%. Looking forward, earnings are forecast to grow by 14% annually.

Industry Valuation and Performance

Has the U.S. Trade Distributors Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 27 Apr 2026US$398.5bUS$197.9bUS$15.4b24.3x25.8x2x
Wed, 25 Mar 2026US$360.5bUS$200.5bUS$16.4b21.3x22x1.8x
Fri, 20 Feb 2026US$378.6bUS$187.3bUS$15.4b24.6x24.5x2x
Sun, 18 Jan 2026US$357.8bUS$181.6bUS$15.3b22.7x23.3x2x
Tue, 16 Dec 2025US$332.0bUS$183.2bUS$15.2b19.8x21.9x1.8x
Thu, 13 Nov 2025US$329.6bUS$182.9bUS$15.0b20.6x21.9x1.8x
Sat, 11 Oct 2025US$342.7bUS$179.6bUS$14.8b21.4x23.1x1.9x
Mon, 08 Sep 2025US$355.5bUS$179.0bUS$14.6b23.9x24.4x2x
Wed, 06 Aug 2025US$335.0bUS$182.5bUS$14.8b22.2x22.7x1.8x
Fri, 04 Jul 2025US$336.6bUS$181.2bUS$13.7b20.4x24.5x1.9x
Sun, 01 Jun 2025US$311.6bUS$182.0bUS$13.9b20.4x22.5x1.7x
Tue, 29 Apr 2025US$299.2bUS$191.5bUS$14.1b19.4x21.2x1.6x
Thu, 27 Mar 2025US$297.3bUS$191.1bUS$14.3b19.5x20.8x1.6x
Sat, 22 Feb 2025US$301.4bUS$190.5bUS$15.0b19.1x20.1x1.6x
Mon, 20 Jan 2025US$319.6bUS$189.5bUS$15.2b19.4x21x1.7x
Wed, 18 Dec 2024US$323.5bUS$189.4bUS$15.2b17.5x21.2x1.7x
Fri, 15 Nov 2024US$341.0bUS$189.4bUS$15.3b16.8x22.3x1.8x
Sun, 13 Oct 2024US$316.9bUS$190.9bUS$15.7b14.7x20.2x1.7x
Tue, 10 Sep 2024US$284.4bUS$190.7bUS$15.8b13.1x18x1.5x
Thu, 08 Aug 2024US$287.4bUS$190.4bUS$15.8b15.5x18.2x1.5x
Sat, 06 Jul 2024US$281.6bUS$189.8bUS$15.9b16.2x17.7x1.5x
Mon, 03 Jun 2024US$297.5bUS$189.5bUS$15.8b16.7x18.8x1.6x
Wed, 01 May 2024US$294.9bUS$189.1bUS$15.8b17.4x18.6x1.6x
Fri, 29 Mar 2024US$320.1bUS$188.7bUS$15.8b18.7x20.3x1.7x
Sun, 25 Feb 2024US$299.1bUS$188.6bUS$15.5b17.4x19.4x1.6x
Tue, 23 Jan 2024US$296.4bUS$206.5bUS$16.7b14.8x17.8x1.4x
Thu, 21 Dec 2023US$287.0bUS$205.3bUS$16.8b14.9x17.1x1.4x
Sat, 18 Nov 2023US$258.1bUS$205.5bUS$16.9b13.2x15.2x1.3x
Mon, 16 Oct 2023US$250.9bUS$203.7bUS$16.7b11.9x15.1x1.2x
Wed, 13 Sep 2023US$247.8bUS$203.8bUS$16.6b12.1x14.9x1.2x
Fri, 11 Aug 2023US$254.4bUS$203.7bUS$16.6b14.4x15.3x1.2x
Sun, 09 Jul 2023US$253.9bUS$202.4bUS$16.5b13.8x15.4x1.3x
Tue, 06 Jun 2023US$231.5bUS$202.2bUS$16.8b12.3x13.8x1.1x
Thu, 04 May 2023US$224.8bUS$201.9bUS$17.1b12.5x13.2x1.1x
Price to Earnings Ratio

13.2x


Total Market Cap: US$224.8bTotal Earnings: US$17.1bTotal Revenue: US$201.9bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Trade Distributors Industry Price to Earnings3Y Average 19.7x202420252026
Current Industry PE
  • Investors are optimistic on the American Trade Distributors industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 25.8x which is higher than its 3-year average PE of 19.7x.
  • The 3-year average PS ratio of 1.6x is lower than the industry's current PS ratio of 2.0x.
Past Earnings Growth
  • The earnings for companies in the Trade Distributors industry have declined 3.3% per year over the last three years.
  • Meanwhile revenues have remained mostly flat.
  • This means that although sales have remained flat, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.

Industry Trends

Which industries have driven the changes within the U.S. Industrials industry?

US Market0.33%
Industrials-0.77%
Trade Distributors1.66%
Trade Companies and Distributors1.66%
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
URI United RentalsUS$974.4120.0%
+US$10.0b		54.9%PE24.3x
SUNB Sunbelt Rentals HoldingsUS$76.886.3%
+US$1.9b		37.3%PE22.8x
HRI Herc HoldingsUS$122.4511.1%
+US$409.5m		12.7%PE4086.2x
DXPE DXP EnterprisesUS$169.518.1%
+US$197.8m		95.1%PE29.7x
CTOS Custom Truck One SourceUS$8.7410.9%
+US$194.9m		110.6%PS1x

Latest News

URI
US$974.41
United Rentals
7D
20.0%
1Y
54.9%
AER
US$138.08
AerCap Holdings
7D
-6.4%
1Y
33.7%

AER: Refreshed Post Q4 Models And Aircraft Deals Will Support Future Upside

Analysts have increased their average price target for AerCap Holdings by about $0.33 to $162.00, citing refreshed models following recent quarterly results and management commentary that led firms such as Morgan Stanley and Deutsche Bank to raise their targets. Analyst Commentary Recent research points to refreshed valuation work following AerCap Holdings' Q4 results and management commentary, with price targets moving higher as analysts update their models.
DNOW
US$12.71
DNOW
7D
5.9%
1Y
-21.8%

DNOW: Transitory ERP Issues And Completed Buyback Will Support Future Upside

Analysts have trimmed their price target on DNOW to $16, a $2 reduction, as they factor in lingering ERP related risks that they continue to view as temporary. Analyst Commentary Recent research reflects a more cautious stance on DNOW, with the price target reset to $16 as ERP related risks are built into forecasts.
QXO
US$20.97
QXO
7D
-16.1%
1Y
62.8%
SITE
US$145.09
SiteOne Landscape Supply
7D
-2.0%
1Y
26.1%

SITE: Recent Buybacks And Execution Risks Will Shape Pricing Tailwinds

Analysts have trimmed the SiteOne Landscape Supply fair value estimate from $150 to $140, reflecting fresh price target cuts and more cautious views in recent research, while still incorporating mixed target moves from firms that raised their expectations earlier in the period. Analyst Commentary Recent Street research on SiteOne Landscape Supply has been mixed, with several firms lifting their price targets earlier in the period while more recent commentary has turned more cautious.
WLFC
US$190.67
Willis Lease Finance
7D
-6.2%
1Y
27.1%
EQPT
US$22.99
EquipmentShare.com
7D
7.6%
1Y
n/a
FAST
US$44.69
Fastenal
7D
-1.9%
1Y
11.6%

FAST: Future Returns Will Depend On Execution Resilience And Distribution Expansion

Fastenal's updated analyst price target edges higher to about $46.49 from $45.24, with analysts pointing to refreshed models that incorporate Street research adjustments to revenue growth, profit margins, and long term P/E assumptions. Analyst Commentary Recent Street research on Fastenal reflects a mix of optimism and caution, with several firms revisiting their models and making targeted changes to price targets and assumptions.
DXPE
US$169.51
DXP Enterprises
7D
8.1%
1Y
95.1%

DXPE: Ongoing Share Buybacks Will Leave Shares Vulnerable To Future Multiple Compression

Analysts have kept their $139.50 price target for DXP Enterprises unchanged, citing broadly consistent assumptions for the discount rate, revenue growth, profit margin, and future P/E in their updated models. What's in the News From October 1, 2025 to December 31, 2025, DXP Enterprises repurchased 163,096 shares for US$15.01 million, equal to 1.04% of its shares, under its existing buyback program (Key Developments).
WCC
US$316.68
WESCO International
7D
-1.9%
1Y
95.3%
WSO
US$440.64
Watsco
7D
0.5%
1Y
-3.3%

WSO: Home Depot Deal Uncertainty Will Pressure Rich Dividend-Focused Sentiment

Analysts have raised their price targets on Watsco to a range of $400 to $425, reflecting updated assumptions on discount rates, modestly higher revenue growth, and slightly stronger profit margins, while some see the recent pullback as an overreaction to the Home Depot deal. Analyst Commentary Recent commentary around Watsco has centered on how the Home Depot agreement and shifting peer valuations filter into expectations for the stock.
CTOS
US$8.74
Custom Truck One Source
7D
10.9%
1Y
110.6%

CTOS: New Offerings And Partnerships Will Support A Balanced Future Outlook

Analysts have revised their price target on Custom Truck One Source to $7.67, citing unchanged fair value estimates along with slightly lower assumptions for the discount rate and future P/E as key drivers of the update. What's in the News Custom Truck One Source unveiled new Load King Manufacturing offerings at The Work Truck Show 2026, including the Voyager AMX+, Voyager AMX, and Load King Outback 28SC-30, focused on field service and utility applications (Product-Related Announcement).
CNM
US$49.50
Core & Main
7D
-1.0%
1Y
-6.4%

Core & Main: The Market Is Overlooking This Steady Growth Machine

Apr 20
GWW
US$1,147.99
W.W. Grainger
7D
-1.3%
1Y
13.5%

GWW: Short Cycle Industrial Recovery Will Support Higher Future Upside

Analysts have raised the price target on W.W. Grainger to $1,342 from $1,270.55, citing refreshed estimates related to short cycle industrial recovery and updated quarterly forecasts. Analyst Commentary Recent Street research highlights a cluster of upward price target revisions on W.W. Grainger, tied to refreshed quarterly estimates and expectations around a short cycle industrial recovery.
HRI
US$122.45
Herc Holdings
7D
11.1%
1Y
12.7%

HRI: Mega Project Rental Demand Will Support Future Margin Expansion Potential

Herc Holdings' updated analyst price target reflects a modest reset in expectations, with several firms trimming targets, often into a $165 to $198 range. Analysts are factoring in recent Q4 volatility, integration headwinds, more cautious assumptions on multiple expansion, and a still constructive view on long term rental demand and margin potential.
SUNB
US$76.88
Sunbelt Rentals Holdings
7D
6.3%
1Y
37.3%

Mega Project Demand And Specialty Expansion Will Support A Fairly Valued Equipment Renter

Catalysts About Sunbelt Rentals Holdings Sunbelt Rentals Holdings provides equipment rental solutions across general tools and specialty lines for construction and nonconstruction customers in North America and the U.K. What are the underlying business or industry changes driving this perspective? Although mega projects in data centers, health care, infrastructure, energy and manufacturing are supporting equipment demand, the long and gradual build and run down phases on these large sites can tie up fleet for extended periods and limit flexibility.