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U.S. Trade Distributors Industry Analysis

UpdatedMar 10, 2026
DataAggregated Company Financials
Companies63
  • 7D-3.9%
  • 3M7.6%
  • 1Y22.7%
  • YTD4.9%

Over the last 7 days, the Trade Distributors industry has dropped 4.7%, driven by a pullback from Ferguson Enterprises of 10%. This takes the industry's 12 month performance to a gain of 20%. Looking forward, earnings are forecast to grow by 11% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 10 Mar 2026US$380.1bUS$200.5bUS$16.4b21.8x23.1x1.9x
Thu, 05 Feb 2026US$367.5bUS$186.6bUS$15.3b23.9x24x2x
Sat, 03 Jan 2026US$325.1bUS$183.2bUS$15.2b20.5x21.4x1.8x
Mon, 01 Dec 2025US$325.9bUS$182.8bUS$15.1b19.5x21.7x1.8x
Wed, 29 Oct 2025US$335.1bUS$181.1bUS$14.7b22.3x22.7x1.9x
Fri, 26 Sep 2025US$339.7bUS$179.7bUS$14.8b22.5x22.9x1.9x
Sun, 24 Aug 2025US$358.5bUS$184.6bUS$14.7b23.4x24.4x1.9x
Tue, 22 Jul 2025US$338.7bUS$181.4bUS$13.8b19.9x24.6x1.9x
Thu, 19 Jun 2025US$312.5bUS$181.2bUS$13.8b19.6x22.7x1.7x
Sat, 17 May 2025US$312.2bUS$182.0bUS$13.9b20.3x22.4x1.7x
Mon, 14 Apr 2025US$291.2bUS$191.2bUS$14.2b18.5x20.5x1.5x
Wed, 12 Mar 2025US$291.0bUS$191.1bUS$14.4b18.5x20.3x1.5x
Fri, 07 Feb 2025US$313.2bUS$190.2bUS$15.3b19.1x20.5x1.6x
Sun, 05 Jan 2025US$302.8bUS$189.4bUS$15.3b17x19.9x1.6x
Tue, 03 Dec 2024US$349.0bUS$189.1bUS$15.3b18.4x22.8x1.8x
Thu, 31 Oct 2024US$317.9bUS$190.9bUS$15.8b15x20.1x1.7x
Sat, 28 Sep 2024US$311.2bUS$190.9bUS$15.7b14.5x19.8x1.6x
Mon, 26 Aug 2024US$305.3bUS$190.6bUS$15.9b16.1x19.2x1.6x
Wed, 24 Jul 2024US$305.6bUS$189.8bUS$15.9b17.9x19.2x1.6x
Fri, 21 Jun 2024US$288.0bUS$189.8bUS$16.0b14.1x18x1.5x
Sun, 19 May 2024US$303.1bUS$189.5bUS$15.8b17.3x19.2x1.6x
Tue, 16 Apr 2024US$304.5bUS$188.7bUS$15.8b18.1x19.3x1.6x
Thu, 14 Mar 2024US$304.0bUS$189.1bUS$16.0b17.2x19x1.6x
Sat, 10 Feb 2024US$298.3bUS$188.6bUS$15.5b16.8x19.2x1.6x
Mon, 08 Jan 2024US$281.8bUS$206.5bUS$16.7b14.8x16.9x1.4x
Wed, 06 Dec 2023US$264.7bUS$205.3bUS$16.8b13.3x15.7x1.3x
Fri, 03 Nov 2023US$241.6bUS$205.4bUS$17.3b11.9x14x1.2x
Sun, 01 Oct 2023US$247.9bUS$203.7bUS$16.6b12.4x14.9x1.2x
Tue, 29 Aug 2023US$249.9bUS$203.7bUS$16.6b11.4x15x1.2x
Thu, 27 Jul 2023US$257.6bUS$203.0bUS$16.6b14x15.5x1.3x
Sat, 24 Jun 2023US$245.1bUS$202.4bUS$16.5b13.2x14.8x1.2x
Mon, 22 May 2023US$228.8bUS$202.0bUS$16.8b12.2x13.6x1.1x
Wed, 19 Apr 2023US$222.6bUS$200.4bUS$14.0b12.8x15.9x1.1x
Fri, 17 Mar 2023US$220.9bUS$199.3bUS$14.0b12.5x15.7x1.1x
Price to Earnings Ratio

15.7x


Total Market Cap: US$220.9bTotal Earnings: US$14.0bTotal Revenue: US$199.3bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Trade Distributors Industry Price to Earnings3Y Average 19.4x202420252026
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 23.1x which is higher than its 3-year average PE of 19.4x.
  • The 3-year average PS ratio of 1.6x is lower than the industry's current PS ratio of 1.9x.
Past Earnings Growth
  • The earnings for companies in the Trade Distributors industry have grown 5.4% per year over the last three years, while revenues have remained mostly flat.
  • This means that companies overall are more efficiently conducting business since profits are increasing while sales have been flat.

Industry Trends

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

US Market-1.50%
Industrials-4.53%
Trade Distributors-3.91%
Trade Companies and Distributors-3.91%
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
SUNB Sunbelt Rentals HoldingsUS$75.522.3%
+US$715.5m		34.9%PE22x
FAST FastenalUS$46.801.0%
+US$539.7m		17.3%PE42.7x
NPT Texxon HoldingUS$18.46226.1%
+US$284.0m		n/aPS0.5x
XMTR XometryUS$43.824.4%
+US$94.8m		90.2%PS3.3x
AL Air LeaseUS$64.780.1%
+US$9.0m		49.3%PE7x

Latest News

QXO
US$21.69
QXO
7D
-5.4%
1Y
63.6%
GWW
US$1,115.28
W.W. Grainger
7D
-3.2%
1Y
9.8%

GWW: Future Returns Will Reflect Raised Q4 Assumptions Against Execution And Legal Risks

Analysts have nudged their fair value estimate for W.W. Grainger higher to $1,143.88 from $1,131.31, reflecting updated Q4 inputs, refreshed forecasts and a slightly lower discount rate, alongside modest tweaks to revenue growth, profit margin and future P/E assumptions in line with recent price target increases across the Street. Analyst Commentary Street research on W.W. Grainger in recent weeks has centered on refreshed Q4 assumptions and updated valuation work, with several firms adjusting their price targets and at least one upgrade in rating.
AER
US$139.34
AerCap Holdings
7D
-7.2%
1Y
46.3%

AER: Benign Credit Conditions And Capital Deployment Will Shape Future Returns

Narrative Update The updated analyst price target for AerCap Holdings moves to about $162 from roughly $161, with analysts citing refreshed models after recent results and outlook commentary as the key drivers behind the change. Analyst Commentary Recent research updates on AerCap Holdings focus on refreshed models following Q4 results and updated outlooks, which have fed directly into higher valuation targets across multiple firms.
WCC
US$267.89
WESCO International
7D
-9.4%
1Y
70.9%
HRI
US$121.16
Herc Holdings
7D
-14.0%
1Y
-3.3%

HRI: Integration Synergies And Margin Expansion Will Support Bullish Top Pick View

We are trimming our Herc Holdings fair value estimate to $200 from $205 after analysts reduced price targets, citing softer rental company multiples, choppy near term business trends, and integration headwinds. These factors are partly offset by expectations for future margin expansion and a higher assumed future P/E of 20.5x versus 18.1x previously.
SUNB
US$75.52
Sunbelt Rentals Holdings
7D
2.3%
1Y
34.9%

Infrastructure And Specialty Shift Will Support A Steady Long Term Outlook

Catalysts About Sunbelt Rentals Holdings Sunbelt Rentals Holdings, through the Sunbelt Rentals brand, provides equipment rental solutions across general construction, specialty end markets and non construction applications primarily in North America and the U.K. What are the underlying business or industry changes driving this perspective? Ongoing mega project and infrastructure activity, alongside a growing funnel of future projects and strong win rates with regional and national accounts, points to a sustained base of large contract work that can support equipment utilization and revenue mix on multi year timelines, with potential to support earnings through long project durations.
FERG
US$230.58
Ferguson Enterprises
7D
-10.3%
1Y
39.3%
CLWT
US$1.32
Euro Tech Holdings
7D
9.1%
1Y
-5.7%
CNM
US$49.96
Core & Main
7D
-8.6%
1Y
7.0%

CNM: Buybacks And Active M&A Pipeline Will Drive Future Upside

Analysts have maintained their $75.00 price target for Core & Main. They point to slightly adjusted assumptions for discount rate, revenue growth, profit margin, and future P/E that largely offset one another in their updated models.
XMTR
US$43.82
Xometry
7D
4.4%
1Y
90.2%

XMTR: AI Pricing Advances And Execution Strength Will Drive Future Upside

The updated analyst price target for Xometry has been reduced by about $3 to reflect a more moderate fair value estimate. Analysts highlight strong recent execution, adjusted EBITDA break even, and positive revenue guidance, while balancing these factors against uncertainty around the CEO transition and evolving expectations for future P/E and profit margins.
URI
US$820.68
United Rentals
7D
0.01%
1Y
36.8%

URI: Infrastructure And Data Center Demand Will Support Future Upside Despite Model Resets

Analysts have trimmed their price target for United Rentals by about $18 to align with slightly lower fair value estimates, modestly softer assumptions for revenue growth and profit margins, and a reduced future P/E, following a series of recent target cuts across multiple research firms. Analyst Commentary Recent research updates on United Rentals show a tight cluster of price target changes, with most firms trimming their targets and one raising them, as analysts recalibrate their assumptions on growth, profitability, and what they are willing to pay on a P/E basis.
FAST
US$46.80
Fastenal
7D
1.0%
1Y
17.3%
WSO
US$393.92
Watsco
7D
-4.1%
1Y
-24.3%

WSO: Peer Repricing And Dividend Increase Will Support Fuller Future P/E Multiple

Narrative Update on Watsco Our analyst price target for Watsco has been revised to $475 from $450. This reflects updated assumptions on growth, margins, and future P/E in the context of recent Street price target moves, where analysts have adjusted their views while citing shifts in peer valuations.
AL
US$64.78
Air Lease
7D
0.1%
1Y
49.3%

AL: Lease Deliveries And Margin Outlook Will Support Steady Future Prospects

Analysts have maintained their $65 price target on Air Lease, citing updated assumptions that combine a slightly higher discount rate, a lower future P/E, and a materially higher profit margin outlook as key factors supporting this unchanged valuation view. What's in the News Air Lease delivered one new Boeing 737-8 aircraft to Air Canada, the first of five 737-8 aircraft scheduled to be delivered to the airline in 2026 on lease from the company (Key Developments).
NPT
US$18.46
Texxon Holding
7D
226.1%
1Y
n/a
CAPS
US$0.63
Capstone Holding
7D
4.6%
1Y
-79.7%