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U.S. Industrials Sector Analysis

UpdatedApr 23, 2026
DataAggregated Company Financials
Companies1047
  • 7D0.4%
  • 3M3.1%
  • 1Y39.7%
  • YTD9.2%

Over the last 7 days, the Industrials industry has remained flat, although notably GE Vernova gained 14%. The past year has been better, since the industry has gained 40% in that time. As for the next few years, earnings are expected to grow by 16% per annum.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 23 Apr 2026US$7.4tUS$2.8tUS$220.0b25.6x33.7x2.6x
Sat, 21 Mar 2026US$7.0tUS$2.9tUS$212.6b23.4x32.8x2.4x
Mon, 16 Feb 2026US$7.4tUS$2.8tUS$212.1b27.2x34.9x2.6x
Wed, 14 Jan 2026US$6.8tUS$2.7tUS$209.3b25.8x32.5x2.5x
Fri, 12 Dec 2025US$6.5tUS$2.7tUS$209.6b25.4x30.9x2.4x
Sun, 09 Nov 2025US$6.4tUS$2.7tUS$211.1b24.3x30.1x2.3x
Tue, 07 Oct 2025US$6.4tUS$2.7tUS$209.3b25x30.7x2.4x
Thu, 04 Sep 2025US$6.2tUS$2.7tUS$209.7b24.7x29.4x2.3x
Sat, 02 Aug 2025US$6.2tUS$2.7tUS$208.0b23.8x29.8x2.3x
Mon, 30 Jun 2025US$6.0tUS$2.7tUS$205.4b23.5x29x2.2x
Wed, 28 May 2025US$5.7tUS$2.7tUS$206.3b22.8x27.5x2.1x
Fri, 25 Apr 2025US$5.1tUS$2.7tUS$204.5b20.8x25x1.9x
Sun, 23 Mar 2025US$5.4tUS$2.7tUS$203.4b21.2x26.3x2x
Tue, 18 Feb 2025US$5.7tUS$2.7tUS$206.3b23.5x27.8x2.1x
Thu, 16 Jan 2025US$5.7tUS$2.7tUS$196.4b24.4x28.8x2.1x
Sat, 14 Dec 2024US$5.8tUS$2.7tUS$198.4b24.2x29.3x2.1x
Mon, 11 Nov 2024US$6.0tUS$2.7tUS$193.9b25x30.9x2.2x
Wed, 09 Oct 2024US$5.7tUS$2.7tUS$179.9b23x31.4x2.1x
Fri, 06 Sep 2024US$5.3tUS$2.7tUS$179.9b21.3x29.6x2x
Sun, 04 Aug 2024US$5.1tUS$2.7tUS$179.7b21.8x28.6x1.9x
Tue, 02 Jul 2024US$5.1tUS$2.7tUS$170.6b21x30.1x1.9x
Thu, 30 May 2024US$5.2tUS$2.7tUS$170.0b22.5x30.7x1.9x
Sat, 27 Apr 2024US$5.2tUS$2.7tUS$169.3b22.6x30.7x1.9x
Mon, 25 Mar 2024US$5.3tUS$2.7tUS$172.7b23.2x30.8x2x
Wed, 21 Feb 2024US$5.0tUS$2.7tUS$174.2b23x28.6x1.9x
Fri, 19 Jan 2024US$4.8tUS$2.7tUS$184.2b20.6x26.3x1.8x
Sun, 17 Dec 2023US$4.9tUS$2.7tUS$182.7b21.2x26.6x1.8x
Tue, 14 Nov 2023US$4.4tUS$2.7tUS$185.1b18.2x23.8x1.6x
Thu, 12 Oct 2023US$4.3tUS$2.7tUS$183.8b18.2x23.7x1.6x
Sat, 09 Sep 2023US$4.6tUS$2.7tUS$189.3b18.3x24x1.7x
Mon, 07 Aug 2023US$4.7tUS$2.7tUS$190.4b19.1x24.6x1.7x
Wed, 05 Jul 2023US$4.6tUS$2.7tUS$185.6b18.3x24.7x1.7x
Fri, 02 Jun 2023US$4.2tUS$2.7tUS$183.1b16.8x22.8x1.6x
Sun, 30 Apr 2023US$4.2tUS$2.7tUS$174.6b17.7x24.3x1.6x
Price to Earnings Ratio

24.3x


Total Market Cap: US$4.2tTotal Earnings: US$174.6bTotal Revenue: US$2.7tTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Industrials Sector Price to Earnings3Y Average 28.5x202420252026
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 33.7x which is higher than its 3-year average PE of 28.5x.
  • 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 8.0% per year over the last three years.
  • Revenues for these companies have grown 2.2% 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 Market1.73%
Industrials0.43%
Electrical6.82%
Construction4.90%
Logistics3.96%
Building3.08%
Machinery2.40%
Transportation1.73%
Trade Distributors1.08%
Marine and Shipping1.01%
Professional Services0.83%
Commercial Services-0.55%
Infrastructure-3.83%
Airlines-4.17%
Industrials-4.52%
Aerospace & Defense-6.24%
Industry PE
  • Investors are most optimistic about the Construction industry which is trading above its 3-year average PE ratio of 36.7x.
    • Analysts are expecting annual earnings growth of 22.1%, 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$1.15k17.5%
+US$46.0b		218.9%PE33x
CAT CaterpillarUS$835.248.1%
+US$29.1b		172.2%PE43.7x
URI United RentalsUS$986.7826.9%
+US$13.2b		52.4%PE24.8x
BA BoeingUS$234.157.0%
+US$12.5b		32.8%PE96x
ETN EatonUS$424.508.1%
+US$12.3b		47.9%PE40.3x

Latest News

URI
US$986.78
United Rentals
7D
26.9%
1Y
52.4%
HON
US$214.34
Honeywell International
7D
-6.6%
1Y
6.8%
LMT
US$529.79
Lockheed Martin
7D
-12.8%
1Y
13.5%
VRT
US$321.75
Vertiv Holdings Co
7D
9.4%
1Y
283.6%

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Apr 23
ETN
US$424.50
Eaton
7D
8.1%
1Y
47.9%
NOC
US$587.66
Northrop Grumman
7D
-12.7%
1Y
26.9%

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CAR
US$229.14
Avis Budget Group
7D
-49.0%
1Y
150.7%
BA
US$234.15
Boeing
7D
7.0%
1Y
32.8%
GD
US$318.71
General Dynamics
7D
-4.8%
1Y
17.3%
GEV
US$1,149.53
GE Vernova
7D
17.5%
1Y
218.9%

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RTX
US$179.30
RTX
7D
-8.5%
1Y
47.0%

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UNP
US$271.26
Union Pacific
7D
8.0%
1Y
25.9%

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Union Pacific (UNP) , the titan of Western freight and the backbone of the American supply chain, enters Wednesday, April 22, 2026 , on the eve of one of the most consequential earnings reports in its 164-year history. Trading at $251.14 USD —a modest climb as investors position themselves for tomorrow’s Q1 release—the stock is buoyed by a "Moderate Buy" consensus and a record-setting S&P 500 above 7,000.
GE
US$282.34
General Electric
7D
-5.3%
1Y
43.0%

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Apr 21
BE
US$237.57
Bloom Energy
7D
13.1%
1Y
1,209.6%
LHX
US$330.22
L3Harris Technologies
7D
-6.6%
1Y
52.7%

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Apr 20
CAT
US$835.24
Caterpillar
7D
8.1%
1Y
172.2%

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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.