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U.S. Industrials Sector Analysis

UpdatedDec 30, 2025
DataAggregated Company Financials
Companies1064
  • 7D-0.4%
  • 3M1.9%
  • 1Y18.7%
  • YTD18.8%

In the last week, Industrials has been flat. As for the the longer term, the industry is up 19% over the past 12 months. 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
Tue, 30 Dec 2025US$6.5tUS$2.7tUS$210.3b24.6x30.9x2.4x
Thu, 27 Nov 2025US$6.3tUS$2.7tUS$209.7b24.4x30x2.3x
Sat, 25 Oct 2025US$6.4tUS$2.7tUS$211.0b25.9x30.4x2.4x
Mon, 22 Sep 2025US$6.3tUS$2.7tUS$208.5b24.8x30.3x2.3x
Wed, 20 Aug 2025US$6.2tUS$2.7tUS$209.4b24.6x29.5x2.3x
Fri, 18 Jul 2025US$6.1tUS$2.7tUS$206.0b23.9x29.7x2.3x
Sun, 15 Jun 2025US$5.8tUS$2.7tUS$205.1b22.3x28.2x2.1x
Tue, 13 May 2025US$5.5tUS$2.7tUS$206.4b22.2x26.7x2.1x
Thu, 10 Apr 2025US$4.7tUS$2.7tUS$203.5b20.3x23.3x1.8x
Sat, 08 Mar 2025US$5.4tUS$2.7tUS$204.0b21.8x26.5x2x
Mon, 03 Feb 2025US$5.8tUS$2.7tUS$202.6b24.2x28.6x2.2x
Wed, 01 Jan 2025US$5.5tUS$2.7tUS$197.9b23.5x28x2x
Fri, 29 Nov 2024US$6.1tUS$2.7tUS$197.1b24.8x30.7x2.2x
Sun, 27 Oct 2024US$5.7tUS$2.7tUS$188.5b23.4x30.1x2.1x
Tue, 24 Sep 2024US$5.5tUS$2.7tUS$179.5b22.5x30.9x2.1x
Thu, 22 Aug 2024US$5.3tUS$2.7tUS$179.2b22.4x29.6x2x
Sat, 20 Jul 2024US$5.3tUS$2.7tUS$169.9b22.4x31.3x2x
Mon, 17 Jun 2024US$5.1tUS$2.7tUS$170.1b20.9x30x1.9x
Wed, 15 May 2024US$5.3tUS$2.7tUS$171.4b23.3x30.9x2x
Fri, 12 Apr 2024US$5.3tUS$2.7tUS$173.8b23.2x30.4x2x
Sun, 10 Mar 2024US$5.2tUS$2.7tUS$172.6b23.1x30x2x
Tue, 06 Feb 2024US$4.9tUS$2.7tUS$174.8b21.4x27.9x1.8x
Thu, 04 Jan 2024US$4.8tUS$2.7tUS$182.9b20.9x26.3x1.8x
Sat, 02 Dec 2023US$4.6tUS$2.7tUS$182.5b19.9x25.2x1.7x
Mon, 30 Oct 2023US$4.2tUS$2.7tUS$183.4b16.7x22.7x1.5x
Wed, 27 Sep 2023US$4.4tUS$2.7tUS$189.4b17.7x23x1.6x
Fri, 25 Aug 2023US$4.5tUS$2.7tUS$189.3b18.6x23.9x1.7x
Sun, 23 Jul 2023US$4.7tUS$2.7tUS$188.0b18.1x24.9x1.7x
Tue, 20 Jun 2023US$4.5tUS$2.7tUS$182.7b18.5x24.7x1.7x
Thu, 18 May 2023US$4.2tUS$2.7tUS$183.8b17.2x23.1x1.6x
Sat, 15 Apr 2023US$4.3tUS$2.6tUS$167.1b18.2x25.5x1.6x
Mon, 13 Mar 2023US$4.0tUS$2.6tUS$162.5b18x24.5x1.6x
Wed, 08 Feb 2023US$4.2tUS$2.5tUS$162.2b19.2x25.8x1.6x
Fri, 06 Jan 2023US$3.9tUS$2.5tUS$153.2b17.4x25.7x1.6x
Price to Earnings Ratio

25.7x


Total Market Cap: US$3.9tTotal Earnings: US$153.2bTotal Revenue: US$2.5tTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Industrials Sector Price to Earnings3Y Average 27.7x20242025
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 30.9x which is higher than its 3-year average PE of 27.7x.
  • The 3-year average PS ratio of 1.9x is lower than the industry's current PS ratio of 2.4x.
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-0.18%
Industrials-0.42%
Infrastructure2.12%
Marine and Shipping0.94%
Industrials0.90%
Commercial Services0.42%
Building0.23%
Transportation0.22%
Professional Services0.21%
Machinery-0.28%
Trade Distributors-0.42%
Electrical-0.46%
Logistics-0.68%
Construction-1.17%
Aerospace & Defense-1.32%
Airlines-2.82%
Industry PE
  • Investors are most optimistic about the Electrical industry which is trading above its 3-year average PE ratio of 60.0x.
    • Analysts are expecting annual earnings growth of 23.8%, which is higher than its past year's earnings growth of 16.6% per year.
  • Investors are most pessimistic about the Marine and Shipping industry, which is trading below its 3-year average of 15.6x.
Forecasted Growth
  • Analysts are most optimistic on the Infrastructure industry, expecting annual earnings growth of 38% over the next 5 years.
  • This is better than its past earnings decline of 47% per year.
  • 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
LMT Lockheed MartinUS$488.871.3%
+US$1.5b		0.6%PE26.9x
UBER Uber TechnologiesUS$81.500.7%
+US$1.1b		35.1%PE10.2x
JCI Johnson Controls InternationalUS$121.711.5%
+US$1.1b		53.8%PE43.2x
WM Waste ManagementUS$222.291.2%
+US$1.1b		9.9%PE34.9x
ADP Automatic Data ProcessingUS$259.611.0%
+US$1.1b		-11.3%PE25.4x

Latest News

RKLB
US$70.12
Rocket Lab
7D
-9.6%
1Y
166.4%
JCI
US$121.71
Johnson Controls International
7D
1.5%
1Y
53.8%
VRSK
US$224.74
Verisk Analytics
7D
2.9%
1Y
-18.4%

VRSK: Upcoming Guidance And AI Spend Will Drive Renewed Bullish Repricing

Analysts have modestly reduced Verisk Analytics' fair value estimate by about $1 to roughly $250 per share. This reflects a more cautious blend of recent target cuts and rating downgrades that highlight valuation concerns, acquisition related leverage, and near term growth headwinds, despite still solid long term fundamentals.
ADP
US$259.61
Automatic Data Processing
7D
1.0%
1Y
-11.3%

ADP: Dividend And Buyback Strength Will Support Returns Through Cyclical Headwinds

Analysts have trimmed their price target on Automatic Data Processing by about $2 to reflect solid recent results but a tougher near term backdrop, citing slowing employment trends, longer sales cycles, cyclical risks for payroll outsourcers, and updated assumptions for interest rates and foreign exchange. Analyst Commentary Analysts remain divided on Automatic Data Processing as they recalibrate expectations following the latest quarterly results, with several trimming price targets but differing on the company’s ability to sustain premium valuation levels.
MMM
US$161.72
3M
7D
1.0%
1Y
25.3%

MMM: PFAS Litigation Will Ultimately Cap Upside Despite Turnaround Progress

Analysts have raised their price target on 3M, lifting fair value by about $12 per share to roughly $126 as they grow more confident in the company’s improving organic growth, margin expansion, and turnaround initiatives, despite ongoing PFAS litigation risks. Analyst Commentary Recent Street research reflects a more balanced, but still risk aware, view on 3M as estimates reset and execution on the turnaround improves.
HON
US$197.09
Honeywell International
7D
0.6%
1Y
-13.0%
HEI
US$329.24
HEICO
7D
-2.6%
1Y
38.5%
CAT
US$578.61
Caterpillar
7D
-0.7%
1Y
59.4%

CAT: Power Demand Optimism Will Likely Fade And Pressure Future Returns

Analysts have lifted their Caterpillar fair value estimate by about $28 to roughly $393, citing upward revisions to revenue growth and margins, a modestly higher assumed future P E multiple, and a wave of recent price target increases and upgrades following stronger than expected Q3 results and improving Power Gen and construction demand. Analyst Commentary Recent Street research reflects a broadly constructive view on Caterpillar following its Q3 earnings beat, with multiple upgrades and sizable price target increases.
GE
US$311.58
General Electric
7D
-1.3%
1Y
86.8%

GE: Defense Demand Will Support Aerospace Earnings And Shareholder Returns

Analysts have raised their price target for General Electric from approximately 340 dollars to 394 dollars, reflecting higher expected revenue growth and a modestly richer future earnings multiple, despite slightly lower projected profit margins and a marginally reduced discount rate. What's in the News The Pentagon is pressing U.S. missile suppliers, including GE Aerospace, to double or even quadruple missile output in anticipation of a potential future conflict with China, signaling sustained demand for advanced defense propulsion systems (Wall Street Journal).
GD
US$340.48
General Dynamics
7D
-1.0%
1Y
29.2%

GD: Marine And Defense Demand Will Drive Multi Year Upside Potential

Analysts have nudged their consolidated price target for General Dynamics higher, reflecting a move toward the Street's recently raised range of about $380 to $400 per share. They cite a solid quarter, growing balance sheet capacity, and expanding defense and technology opportunities.
WM
US$222.29
Waste Management
7D
1.2%
1Y
9.9%
DAL
US$69.53
Delta Air Lines
7D
-3.5%
1Y
14.5%
LMT
US$488.87
Lockheed Martin
7D
1.3%
1Y
0.6%

LMT: Backlog-Fueled Defense Programs Should Drive Stronger Long-Term Cash Generation

Analysts have modestly raised their price target on Lockheed Martin to approximately $590 from about $544, citing improving top line growth supported by strong F-35, CH-53K, PAC-3 and other program orders, as well as expectations for better program execution despite lingering operational challenges and a nuanced Defense spending outlook. Analyst Commentary Bullish analysts are highlighting a more constructive outlook on Lockheed Martin ahead of upcoming quarterly results, pointing to both program momentum and a gradually improving execution picture.
RTX
US$184.42
RTX
7D
-0.7%
1Y
60.1%

RTX: Missile Demand And Cybersecurity Risks Will Shape A Balanced Forward Outlook

Analysts have nudged their price target on RTX slightly higher to approximately $194.65, reflecting modestly stronger expectations for long term revenue growth and valuation multiples that more than offset a small revision to projected profit margins. What’s in the News The Pentagon is pressing major U.S. missile makers, including RTX, to double or even quadruple production.
BE
US$88.41
Bloom Energy
7D
-4.2%
1Y
292.8%

BE: AI Data Center Partnership Will Drive Long-Term Upside Potential

Analysts have sharply raised their price target on Bloom Energy to approximately $157 per share from about $59, citing expectations for significantly faster revenue growth, improved profit margins, and a modestly lower future valuation multiple. Together, these factors support a substantially higher fair value estimate.
UBER
US$81.50
Uber Technologies
7D
0.7%
1Y
35.1%

UBER: Autonomous Expansion Will Sustain Platform Engagement And Profit Momentum

Analysts have modestly raised their fair value estimate for Uber Technologies by about $1 per share to roughly $112, citing a strong Q3 print, accelerating delivery growth versus peers, and confidence that robust engagement and profit expansion can continue even as margin gains normalize and long term autonomous vehicle economics become a greater focus. Analyst Commentary Analysts remain broadly constructive on Uber following the Q3 update, pointing to solid execution across mobility and delivery, resilient user engagement, and a strengthening narrative around long term autonomous vehicle positioning, even as expectations for near term AV profit contribution are tempered.