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U.S. Industrials Sector Analysis

UpdatedApr 25, 2026
DataAggregated Company Financials
Companies1051
  • 7D-0.6%
  • 3M4.7%
  • 1Y37.9%
  • YTD10.1%

In the last week, the Industrials industry is up 2.2%, with GE Vernova up 15%. In the same time, RTX was down 11%. This means that the industry has gained 39% over the past year. As for the next few years, earnings are expected to grow by 15% per annum.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 25 Apr 2026US$7.5tUS$2.8tUS$220.1b25.5x34.2x2.6x
Mon, 23 Mar 2026US$6.9tUS$2.9tUS$212.5b23.4x32.2x2.4x
Wed, 18 Feb 2026US$7.4tUS$2.8tUS$208.6b27.1x35.5x2.6x
Fri, 16 Jan 2026US$6.8tUS$2.7tUS$209.3b26.1x32.7x2.5x
Sun, 14 Dec 2025US$6.5tUS$2.7tUS$209.6b25.1x30.9x2.4x
Tue, 11 Nov 2025US$6.4tUS$2.7tUS$211.2b24.5x30.1x2.3x
Thu, 09 Oct 2025US$6.4tUS$2.7tUS$209.9b25.3x30.6x2.4x
Sat, 06 Sep 2025US$6.2tUS$2.7tUS$208.3b25x29.8x2.3x
Mon, 04 Aug 2025US$6.1tUS$2.7tUS$210.0b23.6x29x2.3x
Wed, 02 Jul 2025US$6.0tUS$2.7tUS$205.3b23.1x29.1x2.2x
Fri, 30 May 2025US$5.8tUS$2.7tUS$206.2b22.5x27.9x2.1x
Sun, 27 Apr 2025US$5.2tUS$2.7tUS$204.6b20.7x25.6x1.9x
Tue, 25 Mar 2025US$5.4tUS$2.7tUS$203.0b21.7x26.4x2x
Thu, 20 Feb 2025US$5.7tUS$2.7tUS$208.3b23.6x27.5x2.1x
Sat, 18 Jan 2025US$5.8tUS$2.7tUS$196.4b24.6x29.4x2.1x
Mon, 16 Dec 2024US$5.8tUS$2.7tUS$198.3b24.2x29.2x2.1x
Wed, 13 Nov 2024US$6.1tUS$2.7tUS$194.2b25.1x31.2x2.2x
Fri, 11 Oct 2024US$5.7tUS$2.7tUS$180.1b23.1x31.7x2.1x
Sun, 08 Sep 2024US$5.2tUS$2.7tUS$179.9b21.1x28.9x1.9x
Tue, 06 Aug 2024US$5.1tUS$2.7tUS$179.7b21x28.6x1.9x
Thu, 04 Jul 2024US$5.1tUS$2.7tUS$170.6b21.5x30.1x1.9x
Sat, 01 Jun 2024US$5.2tUS$2.7tUS$169.9b22.7x30.5x1.9x
Mon, 29 Apr 2024US$5.2tUS$2.7tUS$169.3b22.6x30.7x1.9x
Wed, 27 Mar 2024US$5.3tUS$2.7tUS$172.6b23.2x30.6x2x
Fri, 23 Feb 2024US$5.0tUS$2.7tUS$173.7b23x28.8x1.9x
Sun, 21 Jan 2024US$4.9tUS$2.7tUS$184.2b20.7x26.3x1.8x
Tue, 19 Dec 2023US$4.9tUS$2.7tUS$182.7b21x26.6x1.8x
Thu, 16 Nov 2023US$4.5tUS$2.7tUS$184.8b19x24.5x1.7x
Sat, 14 Oct 2023US$4.4tUS$2.7tUS$192.6b17.8x22.8x1.6x
Mon, 11 Sep 2023US$4.5tUS$2.7tUS$189.3b18.3x23.8x1.7x
Wed, 09 Aug 2023US$4.7tUS$2.7tUS$189.2b19x24.8x1.7x
Fri, 07 Jul 2023US$4.5tUS$2.7tUS$185.6b17.8x24.2x1.7x
Sun, 04 Jun 2023US$4.3tUS$2.7tUS$182.9b17.5x23.5x1.6x
Tue, 02 May 2023US$4.3tUS$2.7tUS$178.5b17.8x23.9x1.6x
Price to Earnings Ratio

23.9x


Total Market Cap: US$4.3tTotal Earnings: US$178.5bTotal Revenue: US$2.7tTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Industrials Sector Price to Earnings3Y Average 28.6x202420252026
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 33.6x which is higher than its 3-year average PE of 28.6x.
  • 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 7.2% per year over the last three years.
  • Revenues for these companies have grown 2.3% 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 Market0.35%
Industrials-0.55%
Electrical6.53%
Construction4.65%
Trade Distributors2.24%
Transportation2.12%
Building1.44%
Commercial Services0.79%
Machinery0.67%
Logistics-0.08%
Marine and Shipping-0.35%
Professional Services-3.88%
Infrastructure-4.57%
Airlines-7.17%
Aerospace & Defense-7.26%
Industrials-7.33%
Industry PE
  • Investors are most optimistic about the Construction industry which is trading above its 3-year average PE ratio of 36.8x.
    • Analysts are expecting annual earnings growth of 22.0%, which is lower than the prior year's growth of 26.5% per year.
  • Investors are most pessimistic about the Marine and Shipping industry, which is trading below its 3-year average of 16.4x.
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
GEV GE VernovaUS$1.15k14.6%
+US$39.2b		208.6%PE32.9x
CAT CaterpillarUS$830.794.5%
+US$16.8b		171.1%PE43.5x
URI United RentalsUS$974.4122.4%
+US$11.0b		53.8%PE24.3x
UNP Union PacificUS$268.707.0%
+US$10.4b		26.0%PE22.1x
BA BoeingUS$232.444.1%
+US$7.7b		30.6%PE95.3x

Latest News

LMT
US$513.45
Lockheed Martin
7D
-13.3%
1Y
7.5%
HON
US$213.17
Honeywell International
7D
-8.7%
1Y
7.0%
ETN
US$423.92
Eaton
7D
4.4%
1Y
46.8%
UNP
US$268.70
Union Pacific
7D
7.0%
1Y
26.0%
TDG
US$1,148.18
TransDigm Group
7D
-9.3%
1Y
-16.7%

TransDigm: Commercial Exposure Drives Sell-Off, But Valuation Now Attractive

Apr 24
URI
US$974.41
United Rentals
7D
22.4%
1Y
53.8%
VRT
US$323.46
Vertiv Holdings Co
7D
5.2%
1Y
272.0%

Vertiv: Mounting Worries Of Peak Growth And Peak Valuation

Apr 23
NOC
US$575.11
Northrop Grumman
7D
-13.6%
1Y
21.5%

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Apr 23
CAR
US$204.00
Avis Budget Group
7D
-58.7%
1Y
117.5%
BA
US$232.44
Boeing
7D
4.1%
1Y
30.6%
GEV
US$1,149.19
GE Vernova
7D
14.6%
1Y
208.6%

GE Vernova (GEV): The Grid Architect and the "Data Center Power" Pivot

Vestra has increased revenue growth from 11.0% to 14.4%.
RTX
US$174.26
RTX
7D
-11.3%
1Y
39.2%

RTX Corporation: Flying High Operationally, Grounded Temporarily By Expectations

Apr 22
GE
US$284.60
General Electric
7D
-6.4%
1Y
43.4%

GE Aerospace: One Of My Highest Conviction Long-Term Compounders

Apr 21
DE
US$562.64
Deere
7D
-4.7%
1Y
22.5%

DE: Construction Momentum And Pending Large Ag Recovery Will Support Future Earnings

The analyst fair value estimate for Deere has increased by about $1 to $665, reflecting modest adjustments to growth, profit and P/E assumptions as analysts weigh recent price target increases against mixed views on valuation and the timing of an agriculture recovery. Analyst Commentary Recent research on Deere is divided, with many firms lifting price targets and talking up execution, while others focus on valuation risk and the timing of an agriculture recovery.
BE
US$231.17
Bloom Energy
7D
11.2%
1Y
1,121.2%
CAT
US$830.79
Caterpillar
7D
4.5%
1Y
171.1%

CAT: Future Returns Will Reflect Data Center Power And Physical AI Execution Risks

Caterpillar's analyst price target has been revised slightly higher to $754.33 from $742.18, with analysts pointing to updated fair value work, modestly adjusted revenue growth and profit margin assumptions, and a somewhat higher future P/E multiple to reflect recent sector research and sentiment. Analyst Commentary Recent Street research on Caterpillar has centered on higher price targets and updated views on long term demand drivers, digital capabilities, and the construction cycle.