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U.S. Industrials Sector Analysis

UpdatedNov 14, 2025
DataAggregated Company Financials
Companies1037
  • 7D-3.7%
  • 3M-0.3%
  • 1Y6.9%
  • YTD13.0%

Over the last 7 days, the Industrials industry has dropped 1.6%, driven by pullbacks in Eaton and General Electric of 9.7% and 3.8%, respectively. In the past year, the industry has gained 8.5%. 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
Tue, 18 Nov 2025US$6.4tUS$2.7tUS$211.2b23.9x30.3x2.3x
Thu, 16 Oct 2025US$6.4tUS$2.7tUS$210.1b25.3x30.5x2.4x
Sat, 13 Sep 2025US$6.3tUS$2.7tUS$208.3b24.9x30.2x2.3x
Mon, 11 Aug 2025US$6.2tUS$2.7tUS$209.1b24.1x29.4x2.3x
Wed, 09 Jul 2025US$6.1tUS$2.7tUS$205.3b24x29.5x2.3x
Fri, 06 Jun 2025US$5.8tUS$2.7tUS$205.2b22.3x28.3x2.2x
Sun, 04 May 2025US$5.5tUS$2.7tUS$204.8b21.3x26.6x2x
Tue, 01 Apr 2025US$5.3tUS$2.7tUS$203.7b20.9x25.9x2x
Thu, 27 Feb 2025US$5.5tUS$2.7tUS$207.3b22.3x26.6x2.1x
Sat, 25 Jan 2025US$6.0tUS$2.7tUS$197.0b24.6x30.2x2.2x
Mon, 23 Dec 2024US$5.6tUS$2.7tUS$197.8b23.4x28.2x2.1x
Wed, 20 Nov 2024US$5.9tUS$2.7tUS$195.8b23.6x29.9x2.2x
Fri, 18 Oct 2024US$5.8tUS$2.7tUS$180.3b24.5x32.3x2.1x
Sun, 15 Sep 2024US$5.4tUS$2.7tUS$179.9b22.1x30.1x2x
Tue, 13 Aug 2024US$5.2tUS$2.7tUS$179.6b21.3x28.8x1.9x
Thu, 11 Jul 2024US$5.1tUS$2.7tUS$170.3b21.4x29.8x1.9x
Sat, 08 Jun 2024US$5.2tUS$2.7tUS$170.1b21.8x30.3x1.9x
Mon, 06 May 2024US$5.2tUS$2.7tUS$171.8b22.6x30.3x1.9x
Wed, 03 Apr 2024US$5.3tUS$2.7tUS$173.6b23.6x30.6x2x
Fri, 01 Mar 2024US$5.1tUS$2.7tUS$172.8b23.6x29.5x1.9x
Sun, 28 Jan 2024US$4.9tUS$2.7tUS$179.8b21.3x27.3x1.8x
Tue, 26 Dec 2023US$4.9tUS$2.7tUS$183.0b21.6x26.8x1.8x
Thu, 23 Nov 2023US$4.5tUS$2.7tUS$182.2b19.3x25x1.7x
Sat, 21 Oct 2023US$4.3tUS$2.7tUS$192.8b17.4x22.2x1.6x
Mon, 18 Sep 2023US$4.5tUS$2.7tUS$189.4b18.1x23.8x1.7x
Wed, 16 Aug 2023US$4.6tUS$2.7tUS$189.7b18.8x24.4x1.7x
Fri, 14 Jul 2023US$4.7tUS$2.7tUS$186.6b18.4x25x1.7x
Sun, 11 Jun 2023US$4.4tUS$2.7tUS$182.8b18.4x24x1.6x
Tue, 09 May 2023US$4.2tUS$2.7tUS$185.1b17.4x22.9x1.6x
Thu, 06 Apr 2023US$4.2tUS$2.6tUS$165.8b18.2x25.1x1.6x
Sat, 04 Mar 2023US$4.2tUS$2.6tUS$162.6b19.2x25.8x1.6x
Mon, 30 Jan 2023US$4.1tUS$2.5tUS$161.7b18.6x25.4x1.6x
Wed, 28 Dec 2022US$4.0tUS$2.5tUS$153.4b17.6x26x1.6x
Fri, 25 Nov 2022US$4.1tUS$2.5tUS$153.8b18.1x26.6x1.6x
Price to Earnings Ratio

26.6x


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 2.3x.
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-2.74%
Industrials-3.74%
Logistics1.67%
Marine and Shipping1.41%
Infrastructure1.00%
Commercial Services0.84%
Industrials-0.89%
Professional Services-2.40%
Aerospace & Defense-3.65%
Transportation-3.83%
Machinery-3.88%
Trade Distributors-4.90%
Construction-5.30%
Building-5.48%
Airlines-5.82%
Electrical-7.44%
Industry PE
  • Investors are most optimistic about the Electrical industry which is trading above its 3-year average PE ratio of 57.7x.
    • Analysts are expecting annual earnings growth of 23.2%, 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 43% 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 decline by 2.3% 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
LMT Lockheed MartinUS$470.784.1%
+US$4.3b		-11.3%PE25.9x
WM Waste ManagementUS$207.973.7%
+US$3.0b		-4.7%PE32.7x
TDG TransDigm GroupUS$1.34k3.6%
+US$2.6b		6.7%PE40.3x
FDX FedExUS$264.734.3%
+US$2.6b		-10.3%PE15.2x
RSG Republic ServicesUS$209.812.8%
+US$1.8b		0.3%PE30.8x

Latest News

RTX
US$175.63
RTX
7D
-1.9%
1Y
47.1%
WM
US$207.97
Waste Management
7D
3.7%
1Y
-4.7%
VRT
US$166.65
Vertiv Holdings Co
7D
-11.3%
1Y
35.5%
RKLB
US$43.31
Rocket Lab
7D
-16.6%
1Y
124.5%
BE
US$107.11
Bloom Energy
7D
-23.1%
1Y
369.6%

BE: AI Infrastructure Expansion And Power Demand Trends Will Shape Outlook

Analysts have raised their price target for Bloom Energy from $104.29 to $111.85. They cite strong projected revenue growth, which outweighs a slightly higher discount rate and a modest dip in profit margin expectations.
TTEK
US$35.69
Tetra Tech
7D
11.3%
1Y
-13.2%
ETN
US$342.75
Eaton
7D
-9.7%
1Y
-4.2%

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.
TDG
US$1,335.77
TransDigm Group
7D
3.6%
1Y
6.7%
UPS
US$94.19
United Parcel Service
7D
1.2%
1Y
-30.3%
JCI
US$116.38
Johnson Controls International
7D
-5.1%
1Y
39.1%
CAT
US$552.05
Caterpillar
7D
-3.3%
1Y
43.6%
FDX
US$264.73
FedEx
7D
4.3%
1Y
-10.3%

FDX: Fiscal Guidance And Efficiency Efforts Will Shape Prospects Amid Freight Uncertainty

FedEx's analyst price target has edged up slightly to $267.71 from $266.17, as analysts point to stabilizing freight markets and improved efficiency efforts. They also note ongoing cautious management messaging and mixed results in the freight segment.
RSG
US$209.81
Republic Services
7D
2.8%
1Y
0.3%

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$470.78
Lockheed Martin
7D
4.1%
1Y
-11.3%

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$169.31
Waste Connections
7D
2.0%
1Y
-9.0%

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$300.13
General Electric
7D
-3.8%
1Y
69.1%

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.