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U.S. Industrials Sector Analysis

UpdatedNov 11, 2025
DataAggregated Company Financials
Companies1038
  • 7D-1.2%
  • 3M1.9%
  • 1Y8.1%
  • YTD15.2%

The Industrials industry has been flat over the last week, but Eaton has lost 6.2%. The past year has been better, since the industry has gained 8.2% in that time. Looking forward, 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
Fri, 14 Nov 2025US$6.4tUS$2.7tUS$211.2b24.5x30.1x2.3x
Sun, 12 Oct 2025US$6.2tUS$2.7tUS$210.1b24.1x29.7x2.3x
Tue, 09 Sep 2025US$6.2tUS$2.7tUS$208.3b25x29.7x2.3x
Thu, 07 Aug 2025US$6.2tUS$2.7tUS$208.1b24.1x29.7x2.3x
Sat, 05 Jul 2025US$6.1tUS$2.7tUS$205.2b24.3x29.7x2.3x
Mon, 02 Jun 2025US$5.8tUS$2.7tUS$205.2b22.4x28.1x2.1x
Wed, 30 Apr 2025US$5.2tUS$2.7tUS$204.1b20.7x25.6x2x
Fri, 28 Mar 2025US$5.4tUS$2.7tUS$203.6b21.1x26.7x2x
Sun, 23 Feb 2025US$5.6tUS$2.7tUS$209.4b22.3x26.6x2.1x
Tue, 21 Jan 2025US$5.8tUS$2.7tUS$196.4b24.6x29.5x2.1x
Thu, 19 Dec 2024US$5.7tUS$2.7tUS$198.0b23.1x28.9x2.1x
Sat, 16 Nov 2024US$5.9tUS$2.7tUS$194.6b23.8x30.3x2.2x
Mon, 14 Oct 2024US$5.8tUS$2.7tUS$180.3b23.9x32.1x2.1x
Wed, 11 Sep 2024US$5.3tUS$2.7tUS$179.8b21.3x29.3x2x
Fri, 09 Aug 2024US$5.1tUS$2.7tUS$179.7b21.2x28.2x1.9x
Sun, 07 Jul 2024US$5.1tUS$2.7tUS$170.2b21.2x29.9x1.9x
Tue, 04 Jun 2024US$5.2tUS$2.7tUS$170.0b22.3x30.8x1.9x
Thu, 02 May 2024US$5.1tUS$2.7tUS$170.6b22.1x30.2x1.9x
Sat, 30 Mar 2024US$5.4tUS$2.6tUS$172.6b23.8x31.1x2x
Mon, 26 Feb 2024US$5.1tUS$2.7tUS$175.0b23.2x29.1x1.9x
Wed, 24 Jan 2024US$4.9tUS$2.7tUS$182.9b21.1x26.9x1.8x
Fri, 22 Dec 2023US$4.8tUS$2.7tUS$182.9b21.4x26.4x1.8x
Sun, 19 Nov 2023US$4.5tUS$2.7tUS$181.9b19.3x24.8x1.7x
Tue, 17 Oct 2023US$4.4tUS$2.7tUS$192.7b17.8x23x1.6x
Thu, 14 Sep 2023US$4.5tUS$2.7tUS$189.6b18.1x23.7x1.7x
Sat, 12 Aug 2023US$4.7tUS$2.7tUS$188.8b19x24.7x1.7x
Mon, 10 Jul 2023US$4.5tUS$2.7tUS$185.6b17.9x24.4x1.7x
Wed, 07 Jun 2023US$4.3tUS$2.7tUS$182.8b17.9x23.7x1.6x
Fri, 05 May 2023US$4.2tUS$2.7tUS$186.0b17.2x22.4x1.6x
Sun, 02 Apr 2023US$4.3tUS$2.6tUS$166.2b18.9x25.9x1.6x
Tue, 28 Feb 2023US$4.1tUS$2.6tUS$161.6b19x25.4x1.6x
Thu, 26 Jan 2023US$4.1tUS$2.5tUS$162.2b18.5x25.1x1.6x
Sat, 24 Dec 2022US$4.0tUS$2.5tUS$153.4b17.4x25.8x1.6x
Mon, 21 Nov 2022US$4.0tUS$2.5tUS$152.3b17.9x26.5x1.6x
Price to Earnings Ratio

26.5x


Total Market Cap: US$4.0tTotal Earnings: US$152.3bTotal Revenue: US$2.5tTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Industrials Sector Price to Earnings3Y Average 27.5x202320242025
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 27.5x.
  • 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 12% per year over the last three years.
  • Revenues for these companies have grown 3.0% 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-0.23%
Industrials-1.17%
Infrastructure4.52%
Marine and Shipping3.79%
Airlines2.84%
Logistics2.47%
Industrials2.28%
Commercial Services1.81%
Professional Services0.60%
Transportation0.19%
Trade Distributors-0.38%
Machinery-1.38%
Aerospace & Defense-1.65%
Building-2.67%
Construction-4.17%
Electrical-5.19%
Industry PE
  • Investors are most optimistic about the Electrical industry which is trading above its 3-year average PE ratio of 57.5x.
    • Analysts are expecting annual earnings growth of 23.4%, which is higher than its past year's earnings growth of 13.1% 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 42% 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 2.1% 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
MMM 3MUS$170.624.1%
+US$3.6b		28.9%PE26.7x
TDG TransDigm GroupUS$1.33k4.2%
+US$3.0b		4.2%PE40x
HON Honeywell InternationalUS$199.872.0%
+US$2.5b		-13.4%PE20.7x
GEV GE VernovaUS$558.171.5%
+US$2.2b		71.2%PE88.9x
UNP Union PacificUS$221.481.6%
+US$2.1b		-6.0%PE18.6x

Latest News

WM
US$204.51
Waste Management
7D
2.4%
1Y
-7.8%
NXT
US$88.09
Nextpower
7D
-17.3%
1Y
121.6%
TDG
US$1,325.04
TransDigm Group
7D
4.2%
1Y
4.2%
BE
US$103.55
Bloom Energy
7D
-24.3%
1Y
679.7%
UPS
US$95.97
United Parcel Service
7D
2.5%
1Y
-27.6%
HON
US$199.87
Honeywell International
7D
2.0%
1Y
-13.4%

HON: Multiple Upcoming Breakup Events Will Unlock Value in Core Business

Honeywell International's analyst fair value target was revised down from $248.54 to $245.60. Analysts cite factors including slower expected revenue growth and profit margins after the Solstice spin-off, as well as updated sum-of-the-parts evaluations.
MMM
US$170.62
3M
7D
4.1%
1Y
28.9%
CAT
US$553.55
Caterpillar
7D
-2.8%
1Y
42.9%
PWR
US$426.93
Quanta Services
7D
-3.6%
1Y
31.8%

PWR: Continued Power Market Expansion Will Drive Balanced Earnings Outlook Ahead

Quanta Services’ analyst fair value estimate has increased from $432.68 to $463.88. Analysts cite strong earnings performance, continued strength across its key business segments, and expanding opportunities in power generation and infrastructure markets as critical drivers of this upward revision.
FDX
US$267.34
FedEx
7D
3.3%
1Y
-8.5%

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.
UNP
US$221.48
Union Pacific
7D
1.6%
1Y
-6.0%

UNP: Future Merger Will Drive Improved Profitability Amid Sector Upheaval

Union Pacific's analyst price target has edged slightly lower to approximately $260.58 from $261.68, as analysts point to modest carload growth moderation and ongoing rail traffic softness. This comes despite some improvement in profit margin and revenue growth projections.
LMT
US$455.85
Lockheed Martin
7D
-2.8%
1Y
-15.4%

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.
VRT
US$163.64
Vertiv Holdings Co
7D
-10.6%
1Y
35.2%

VRT: Measured Outlook Balances New CFO Appointment With AI Deployment Plans

Analysts have raised their price target for Vertiv Holdings Co. from $173.11 to $192.66. They cite improved revenue growth expectations and slight adjustments to profit margins and discount rates as key factors in their updated outlook.
ETN
US$354.07
Eaton
7D
-6.2%
1Y
-2.2%
TT
US$414.85
Trane Technologies
7D
-4.8%
1Y
1.2%

TT: Share Repurchases And Margin Strength Will Support Long-Term Performance

Analysts have increased their price target for Trane Technologies from $463.08 to $477.69. This reflects expectations of stronger profit margins and sustained company performance.
GEV
US$558.17
GE Vernova
7D
1.5%
1Y
71.2%

GEV: Rising Demand For Grid And Nuclear Solutions Will Drive Expansion

Narrative Update: Analyst Price Target for GE Vernova Increases Analysts have raised their price target for GE Vernova, increasing it from $672.71 to $678.93. They cite improving revenue growth and profit margins as key drivers for the upward revision.