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U.S. Industrials Sector Analysis

UpdatedJun 01, 2026
DataAggregated Company Financials
Companies1064
  • 7D1.4%
  • 3M0.8%
  • 1Y27.0%
  • YTD11.8%

The Industrials industry is up 1.4% in the last week, with General Electric up 6.9%. During this same period, the GE Vernova underperformed, falling 6.8%. This means that the industry has gained 27% over the past year. As for the next few years, earnings are expected to grow by 17% per annum.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 02 Jun 2026US$7.6tUS$2.9tUS$218.8b26x34.8x2.6x
Thu, 30 Apr 2026US$7.4tUS$2.8tUS$219.9b25.7x33.6x2.6x
Sat, 28 Mar 2026US$6.9tUS$2.9tUS$214.7b23.5x32x2.4x
Mon, 23 Feb 2026US$7.5tUS$2.8tUS$207.1b27.7x36.3x2.6x
Wed, 21 Jan 2026US$7.0tUS$2.7tUS$208.9b25.6x33.3x2.5x
Fri, 19 Dec 2025US$6.3tUS$2.7tUS$210.1b24.3x30.1x2.3x
Sun, 16 Nov 2025US$6.3tUS$2.7tUS$210.7b23.9x29.7x2.3x
Tue, 14 Oct 2025US$6.3tUS$2.7tUS$210.1b24.5x29.8x2.3x
Thu, 11 Sep 2025US$6.2tUS$2.7tUS$208.3b24.7x29.5x2.3x
Sat, 09 Aug 2025US$6.2tUS$2.7tUS$208.8b24x29.5x2.3x
Mon, 07 Jul 2025US$6.1tUS$2.7tUS$205.2b24.3x29.7x2.3x
Wed, 04 Jun 2025US$5.7tUS$2.7tUS$205.2b22.4x27.9x2.1x
Fri, 02 May 2025US$5.3tUS$2.7tUS$203.8b20.9x26x2x
Sun, 30 Mar 2025US$5.3tUS$2.7tUS$203.7b20.8x25.9x2x
Tue, 25 Feb 2025US$5.6tUS$2.7tUS$209.0b22.2x26.7x2.1x
Thu, 23 Jan 2025US$5.9tUS$2.7tUS$195.5b24.9x30.3x2.2x
Sat, 21 Dec 2024US$5.5tUS$2.7tUS$197.8b23.4x27.9x2x
Mon, 18 Nov 2024US$5.9tUS$2.7tUS$195.0b23.7x30x2.1x
Wed, 16 Oct 2024US$5.8tUS$2.7tUS$180.4b24.1x32x2.1x
Fri, 13 Sep 2024US$5.3tUS$2.7tUS$179.8b21.8x29.5x2x
Sun, 11 Aug 2024US$5.2tUS$2.7tUS$179.6b21.4x28.8x1.9x
Tue, 09 Jul 2024US$5.1tUS$2.7tUS$170.2b21.3x29.9x1.9x
Thu, 06 Jun 2024US$5.1tUS$2.7tUS$170.1b22.2x30.2x1.9x
Sat, 04 May 2024US$5.2tUS$2.7tUS$171.8b22.6x30.1x1.9x
Mon, 01 Apr 2024US$5.4tUS$2.6tUS$172.8b23.9x31x2x
Wed, 28 Feb 2024US$5.1tUS$2.7tUS$173.8b23.4x29.3x1.9x
Fri, 26 Jan 2024US$4.9tUS$2.7tUS$182.7b21.2x26.6x1.8x
Sun, 24 Dec 2023US$4.9tUS$2.7tUS$182.9b21.6x26.8x1.8x
Tue, 21 Nov 2023US$4.5tUS$2.7tUS$182.2b19.5x24.9x1.7x
Thu, 19 Oct 2023US$4.4tUS$2.7tUS$193.6b17.5x22.6x1.6x
Sat, 16 Sep 2023US$4.5tUS$2.7tUS$189.6b18.3x23.7x1.7x
Mon, 14 Aug 2023US$4.7tUS$2.7tUS$189.1b19.1x24.7x1.7x
Wed, 12 Jul 2023US$4.6tUS$2.7tUS$185.5b18.2x25.1x1.7x
Fri, 09 Jun 2023US$4.4tUS$2.7tUS$182.8b18.1x24.1x1.6x
Price to Earnings Ratio

24.1x


Total Market Cap: US$4.4tTotal Earnings: US$182.8bTotal Revenue: US$2.7tTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Industrials Sector Price to Earnings3Y Average 28.9x202420252026
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 34.8x which is higher than its 3-year average PE of 28.9x.
  • The 3-year average PS ratio of 2.1x 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 6.2% per year over the last three years.
  • Revenues for these companies have grown 2.5% 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 Market1.58%
Industrials1.37%
Airlines9.26%
Infrastructure5.83%
Aerospace & Defense4.57%
Logistics3.68%
Industrials2.88%
Construction1.41%
Trade Distributors1.28%
Building1.15%
Professional Services0.90%
Transportation0.57%
Machinery-0.094%
Electrical-0.80%
Marine and Shipping-2.65%
Commercial Services-3.02%
Industry PE
  • Investors are most optimistic about the Construction industry which is trading above its 3-year average PE ratio of 37.6x.
    • Analysts are expecting annual earnings growth of 24.1%, which is lower than the prior year's growth of 33.2% per year.
  • Investors are most pessimistic about the Marine and Shipping industry, which is trading below its 3-year average of 16.7x.
Forecasted Growth
  • Analysts are most optimistic on the Construction industry, expecting annual earnings growth of 24% over the next 5 years.
  • However this is lower than its past earnings growth rate of 33% per year.
  • In contrast, the Marine and Shipping industry is expected to see its earnings grow by 3.3% 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
GE General ElectricUS$324.607.2%
+US$22.7b		31.2%PE39.5x
AXON Axon EnterpriseUS$476.8823.5%
+US$7.3b		-37.1%PE186.6x
UPS United Parcel ServiceUS$109.027.9%
+US$6.8b		12.0%PE17.7x
HON Honeywell InternationalUS$236.543.8%
+US$5.5b		4.9%PE37.8x
HEI HEICOUS$333.2510.7%
+US$4.5b		10.7%PE58.9x

Latest News

HON
US$236.54
Honeywell International
7D
3.8%
1Y
4.9%
UAL
US$111.76
United Airlines Holdings
7D
11.8%
1Y
37.6%
GEV
US$950.54
GE Vernova
7D
-8.5%
1Y
95.9%
RKLB
US$122.39
Rocket Lab
7D
-9.8%
1Y
360.1%
HEI
US$333.25
HEICO
7D
10.7%
1Y
10.7%
AXON
US$476.88
Axon Enterprise
7D
23.5%
1Y
-37.1%
BE
US$273.51
Bloom Energy
7D
-9.6%
1Y
1,396.2%
PH
US$823.30
Parker-Hannifin
7D
-5.0%
1Y
24.7%
PWR
US$687.48
Quanta Services
7D
-5.0%
1Y
99.0%
Seeking Alpha • May 31

Quanta Services: A Competitive Edge Through Labor

Summary Quanta Services possesses a labor moat, enabling it to execute large infrastructure projects and maintain industry-leading margins. PWR’s internal training programs and strategic union relationships mitigate skilled labor shortages, supporting superior gross and EBITDA margins versus peers. Despite robust fundamentals and a competitive edge, PWR trades at a premium; my one-year target price of $761.35 implies a Hold rating. Key risks include industry cyclicality, rising project costs, and potential declines in data center demand, which could pressure future fundamentals. Read the full article on Seeking Alpha
UBER
US$73.77
Uber Technologies
7D
2.7%
1Y
-11.8%
FDX
US$338.49
FedEx
7D
-14.1%
1Y
55.3%
UPS
US$109.02
United Parcel Service
7D
7.9%
1Y
12.0%
GE
US$324.60
General Electric
7D
7.2%
1Y
31.2%
CAT
US$865.36
Caterpillar
7D
-1.7%
1Y
151.1%
BA
US$224.30
Boeing
7D
2.4%
1Y
6.1%
LMT
US$516.50
Lockheed Martin
7D
-3.1%
1Y
7.9%