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U.S. Industrials Sector Analysis

UpdatedNov 24, 2025
DataAggregated Company Financials
Companies1036
  • 7D2.3%
  • 3M0.2%
  • 1Y5.0%
  • YTD15.4%

The Industrials industry is up 2.3% in the last week, with Caterpillar up 3.6%. During this same period, the Uber Technologies underperformed, falling 6.5%. This means that the industry has gained 5.0% over the past year. Earnings are forecast to grow by 15% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 26 Nov 2025US$6.1tUS$2.7tUS$209.8b23.7x29.3x2.2x
Fri, 24 Oct 2025US$6.3tUS$2.7tUS$210.7b25.8x30.1x2.3x
Sun, 21 Sep 2025US$6.3tUS$2.7tUS$208.5b24.8x30.3x2.3x
Tue, 19 Aug 2025US$6.2tUS$2.7tUS$209.4b24.9x29.4x2.3x
Thu, 17 Jul 2025US$6.1tUS$2.7tUS$206.3b23.7x29.5x2.3x
Sat, 14 Jun 2025US$5.8tUS$2.7tUS$205.1b22.3x28.4x2.2x
Mon, 12 May 2025US$5.5tUS$2.7tUS$206.4b21.6x26.7x2x
Wed, 09 Apr 2025US$4.8tUS$2.7tUS$203.3b18.5x23.5x1.8x
Fri, 07 Mar 2025US$5.5tUS$2.7tUS$204.0b21.3x26.8x2x
Sun, 02 Feb 2025US$5.8tUS$2.7tUS$202.4b24.2x28.6x2.2x
Tue, 31 Dec 2024US$5.6tUS$2.7tUS$197.9b23.5x28.2x2.1x
Thu, 28 Nov 2024US$6.1tUS$2.7tUS$197.0b24.8x30.9x2.2x
Sat, 26 Oct 2024US$5.7tUS$2.7tUS$188.5b23.4x30.2x2.1x
Mon, 23 Sep 2024US$5.5tUS$2.7tUS$179.5b22.5x30.9x2.1x
Wed, 21 Aug 2024US$5.3tUS$2.7tUS$179.3b22x29.7x2x
Fri, 19 Jul 2024US$5.4tUS$2.7tUS$169.9b22.6x31.5x2x
Sun, 16 Jun 2024US$5.1tUS$2.7tUS$170.1b20.9x30x1.9x
Tue, 14 May 2024US$5.3tUS$2.7tUS$171.4b23.1x30.9x2x
Thu, 11 Apr 2024US$5.3tUS$2.7tUS$173.5b22.8x30.7x2x
Sat, 09 Mar 2024US$5.2tUS$2.7tUS$172.6b23.1x30x1.9x
Mon, 05 Feb 2024US$5.0tUS$2.7tUS$175.3b21.6x28.5x1.8x
Wed, 03 Jan 2024US$4.9tUS$2.7tUS$182.9b21.4x26.8x1.8x
Fri, 01 Dec 2023US$4.6tUS$2.7tUS$182.5b19.2x25x1.7x
Sun, 29 Oct 2023US$4.2tUS$2.7tUS$182.7b16.8x22.8x1.5x
Tue, 26 Sep 2023US$4.4tUS$2.7tUS$189.4b17.9x23.3x1.6x
Thu, 24 Aug 2023US$4.6tUS$2.7tUS$189.3b18.8x24.2x1.7x
Sat, 22 Jul 2023US$4.7tUS$2.7tUS$188.0b18.1x24.9x1.7x
Mon, 19 Jun 2023US$4.5tUS$2.7tUS$182.7b18.5x24.7x1.7x
Wed, 17 May 2023US$4.2tUS$2.7tUS$183.9b17.2x22.7x1.6x
Fri, 14 Apr 2023US$4.3tUS$2.6tUS$166.5b18.5x25.5x1.6x
Sun, 12 Mar 2023US$4.0tUS$2.6tUS$162.5b18x24.5x1.6x
Tue, 07 Feb 2023US$4.2tUS$2.5tUS$161.3b19.2x26x1.7x
Thu, 05 Jan 2023US$4.0tUS$2.5tUS$153.2b17.6x26x1.6x
Sat, 03 Dec 2022US$4.2tUS$2.5tUS$154.0b18x27x1.7x
Price to Earnings Ratio

27x


Total Market Cap: US$4.2tTotal Earnings: US$154.0bTotal 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 2.2x.
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 Market2.41%
Industrials2.28%
Airlines6.66%
Machinery5.45%
Infrastructure5.28%
Marine and Shipping4.59%
Building3.97%
Logistics3.84%
Trade Distributors3.03%
Professional Services2.72%
Construction2.43%
Electrical1.70%
Industrials1.65%
Commercial Services1.19%
Transportation0.38%
Aerospace & Defense-0.37%
Industry PE
  • Investors are most optimistic about the Electrical industry which is trading above its 3-year average PE ratio of 58.1x.
    • Analysts are expecting annual earnings growth of 23.1%, which is higher than its past year's earnings growth of 14.4% per year.
  • Investors are most pessimistic about the Marine and Shipping industry, which is trading below its 3-year average of 15.5x.
Forecasted Growth
  • Analysts are most optimistic on the Infrastructure industry, expecting annual earnings growth of 36% over the next 5 years.
  • This is better than its past earnings decline of 42% per year.
  • In contrast, the Marine and Shipping industry is expected to see its earnings grow by 3.6% 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
CAT CaterpillarUS$566.613.6%
+US$9.2b		38.9%PE28.6x
DE DeereUS$498.135.1%
+US$6.6b		8.0%PE25.9x
GEV GE VernovaUS$572.563.2%
+US$4.8b		69.0%PE91.2x
UNP Union PacificUS$229.133.6%
+US$4.7b		-6.6%PE19.3x
PH Parker-HannifinUS$852.044.3%
+US$4.4b		20.5%PE29.5x

Latest News

DE
US$498.13
Deere
7D
5.1%
1Y
8.0%
UBER
US$83.69
Uber Technologies
7D
-6.5%
1Y
16.9%
CMI
US$494.94
Cummins
7D
6.5%
1Y
31.1%

CMI: AI-Driven Demand and Truck Cycle Shifts Will Influence Outlook Ahead

Analysts have raised their price target for Cummins from approximately $469 to $510, citing improved profitability, a resilient earnings outlook, and new opportunities related to data center and AI-related demand. Analyst Commentary Recent research reports on Cummins reflect both robust optimism and some caution among Wall Street analysts as the company navigates new growth avenues while managing near-term industry headwinds.
CPRT
US$39.06
Copart
7D
-5.5%
1Y
-38.8%

CPRT: Digital Marketplace Shift And Share Repurchase Will Drive Future Upside

Copart's analyst price target has been revised downward from approximately $56 to $50.22 per share, as analysts cite insurance headwinds and moderating growth assumptions that are impacting the updated outlook. Analyst Commentary Recent Street research presents a mix of optimism and caution from analysts evaluating Copart’s prospects.
LMT
US$452.41
Lockheed Martin
7D
-4.7%
1Y
-13.2%
PH
US$852.04
Parker-Hannifin
7D
4.3%
1Y
20.5%

PH: Share Repurchases and Improved Outlook Will Maintain Fair Value Ahead

Parker-Hannifin Analyst Price Target Raised on Improving Outlook Analysts have increased their price target for Parker-Hannifin from $802.71 to $900.42. They cite higher expected revenue growth and profit margins as key drivers behind the upward revision.
GE
US$293.44
General Electric
7D
-0.9%
1Y
59.0%

GE: Urgent Defense Demand Will Drive Aerospace Upside As Production Rises

General Electric's analyst price target has been revised downward from $343.57 to $339.00. This reflects analyst expectations of slightly slower growth and modestly higher discount rates impacting valuation.
CAT
US$566.61
Caterpillar
7D
3.6%
1Y
38.9%

CAT: Future Performance Will Balance Demand Momentum And Rising Tariff Headwinds

Caterpillar's analyst price target has increased from $559 to $588. This reflects growing confidence among analysts due to strong recent earnings and an improved demand outlook across key segments.
ACM
US$103.88
AECOM
7D
-18.3%
1Y
-11.0%
UNP
US$229.13
Union Pacific
7D
3.6%
1Y
-6.6%
RTX
US$172.15
RTX
7D
-1.5%
1Y
42.7%

RTX: Defense Demand And Cybersecurity Developments Will Shape Outlook Amid Recent Stability

Narrative Update: Change in Analyst Price Target for RTX Analysts have maintained RTX's fair value target at $192.06, reflecting continued confidence in the company’s outlook. Updated market assumptions show only minor adjustments to key financial metrics.
BA
US$182.44
Boeing
7D
-3.8%
1Y
21.0%
DAL
US$62.15
Delta Air Lines
7D
8.8%
1Y
-3.1%

DAL: Ongoing Industry Changes Will Drive Sustained Margin Expansion Into 2026

Delta Air Lines' average analyst price target has been raised, with several firms increasing their targets by $2 to $13 per share. Analysts point to strong Q3 results, positive guidance, and structural industry advantages that support further upside.
BE
US$94.29
Bloom Energy
7D
-10.2%
1Y
260.3%

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.
GEV
US$572.56
GE Vernova
7D
3.2%
1Y
69.0%

GEV: Share Buyback Momentum And Global Partnerships Will Drive Upside

Analysts have modestly reaffirmed their price target for GE Vernova at approximately $679 per share. They cite slight adjustments to the company’s discount rate and growth assumptions, but largely maintain their outlook based on stable profit margin forecasts and a consistent valuation multiple.
PCAR
US$104.92
PACCAR
7D
8.2%
1Y
-9.4%

PCAR: Future Profit Margins Will Balance Out Tariff Relief and Demand Uncertainty

Analysts have modestly raised their price target on PACCAR to approximately $108, citing benefits from tariff relief under Section 232, improved margin visibility, and a slight uptick in profit margin projections, even as expectations for revenue growth remain tempered. Analyst Commentary Recent Street research reflects a range of perspectives on PACCAR's valuation and outlook, with analysts weighing the effects of tariff relief, margin trends, and sector demand.