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U.S. Industrials Sector Analysis

UpdatedJul 26, 2026
DataAggregated Company Financials
Companies1074
  • 7D1.4%
  • 3M2.4%
  • 1Y16.7%
  • YTD12.8%

The Industrials industry is up 1.4% in the last week, with RTX up 10.0%. This means that the industry has gained 17% over the past year. Looking forward, earnings are forecast to grow by 16% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 26 Jul 2026US$7.7tUS$2.9tUS$227.1b26.1x34x2.6x
Tue, 23 Jun 2026US$7.9tUS$2.9tUS$219.6b26x35.8x2.7x
Thu, 21 May 2026US$7.3tUS$2.9tUS$219.7b25.3x33.3x2.5x
Sat, 18 Apr 2026US$7.3tUS$2.8tUS$214.4b26.3x34.2x2.6x
Mon, 16 Mar 2026US$7.0tUS$2.9tUS$212.2b23.9x32.9x2.4x
Wed, 11 Feb 2026US$7.4tUS$2.9tUS$208.5b26.9x35.6x2.6x
Fri, 09 Jan 2026US$6.6tUS$2.7tUS$210.3b25.1x31.4x2.4x
Sun, 07 Dec 2025US$6.4tUS$2.7tUS$209.6b24.6x30.6x2.3x
Tue, 04 Nov 2025US$6.5tUS$2.7tUS$211.0b24.9x30.6x2.4x
Thu, 02 Oct 2025US$6.4tUS$2.7tUS$208.6b25x30.5x2.4x
Sat, 30 Aug 2025US$6.3tUS$2.7tUS$209.0b25x30x2.3x
Mon, 28 Jul 2025US$6.3tUS$2.7tUS$205.8b24.4x30.7x2.3x
Wed, 25 Jun 2025US$5.9tUS$2.7tUS$205.2b22.9x28.8x2.2x
Fri, 23 May 2025US$5.7tUS$2.7tUS$206.3b22.5x27.6x2.1x
Sun, 20 Apr 2025US$5.1tUS$2.7tUS$203.0b19.8x25x1.9x
Tue, 18 Mar 2025US$5.3tUS$2.7tUS$203.5b21.4x26.2x2x
Thu, 13 Feb 2025US$5.8tUS$2.7tUS$207.8b23.6x27.8x2.2x
Sat, 11 Jan 2025US$5.6tUS$2.7tUS$196.4b23.2x28.4x2.1x
Mon, 09 Dec 2024US$5.9tUS$2.7tUS$198.3b24.9x30x2.2x
Wed, 06 Nov 2024US$5.6tUS$2.7tUS$193.1b23.9x29.1x2.1x
Fri, 04 Oct 2024US$5.7tUS$2.7tUS$179.9b22.9x31.4x2.1x
Sun, 01 Sep 2024US$5.5tUS$2.7tUS$179.7b22.6x30.4x2x
Tue, 30 Jul 2024US$5.3tUS$2.7tUS$181.5b22.6x29.4x2x
Thu, 27 Jun 2024US$5.2tUS$2.7tUS$170.4b21.1x30.2x1.9x
Sat, 25 May 2024US$5.2tUS$2.7tUS$170.0b22.5x30.8x1.9x
Mon, 22 Apr 2024US$5.1tUS$2.7tUS$173.6b22.5x29.3x1.9x
Wed, 20 Mar 2024US$5.2tUS$2.7tUS$172.4b22.7x30.3x2x
Fri, 16 Feb 2024US$5.0tUS$2.7tUS$174.4b22.9x28.7x1.9x
Sun, 14 Jan 2024US$4.9tUS$2.7tUS$184.2b20.8x26.4x1.8x
Tue, 12 Dec 2023US$4.7tUS$2.7tUS$182.9b20.1x25.8x1.7x
Thu, 09 Nov 2023US$4.4tUS$2.7tUS$185.2b17.8x23.6x1.6x
Sat, 07 Oct 2023US$4.4tUS$2.7tUS$192.2b17.7x22.7x1.6x
Mon, 04 Sep 2023US$4.7tUS$2.7tUS$189.4b19.4x24.7x1.7x
Wed, 02 Aug 2023US$4.7tUS$2.7tUS$186.3b18.8x25.4x1.8x
Price to Earnings Ratio

25.4x


Total Market Cap: US$4.7tTotal Earnings: US$186.3bTotal Revenue: US$2.7tTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Industrials Sector Price to Earnings3Y Average 29.5x202420252026
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 34.0x which is higher than its 3-year average PE of 29.5x.
  • 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 6.8% per year over the last three years.
  • Revenues for these companies have grown 2.6% 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-1.05%
Industrials1.38%
Industrials7.85%
Marine and Shipping4.53%
Aerospace & Defense4.47%
Machinery2.51%
Trade Distributors2.10%
Building1.28%
Construction0.77%
Infrastructure0.24%
Airlines-0.19%
Professional Services-0.65%
Transportation-1.13%
Commercial Services-1.24%
Electrical-1.77%
Logistics-2.33%
Industry PE
  • Investors are most optimistic about the Electrical industry even though it's trading below its 3-year average PE ratio of 64.5x.
    • Analysts are expecting annual earnings growth of 18.0%, which is lower than the prior year's growth of 23.1% per year.
  • Investors are most pessimistic about the Marine and Shipping industry, which is trading below its 3-year average of 17.1x.
Forecasted Growth
  • Analysts are most optimistic on the Construction industry, expecting annual earnings growth of 25% over the next 5 years.
  • However this is lower than its past earnings growth rate of 47% per year.
  • In contrast, the Industrials industry is expected to see its earnings decline 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
RTX RTXUS$212.7910.0%
+US$26.2b		35.6%PE37.1x
LMT Lockheed MartinUS$582.6014.5%
+US$17.2b		38.3%PE21.4x
DE DeereUS$628.165.2%
+US$8.3b		21.4%PE35.5x
HWM Howmet AerospaceUS$289.266.2%
+US$6.7b		52.6%PE66.4x
WAB Westinghouse Air Brake TechnologiesUS$302.5015.4%
+US$6.6b		53.4%PE40.4x

Latest News

LMT
US$582.60
Lockheed Martin
7D
14.5%
1Y
38.3%
MMM
US$172.62
3M
7D
8.0%
1Y
14.1%
URI
US$1,141.59
United Rentals
7D
9.2%
1Y
28.3%
WAB
US$302.50
Westinghouse Air Brake Technologies
7D
15.4%
1Y
53.4%
CHRW
US$186.51
C.H. Robinson Worldwide
7D
-10.5%
1Y
81.6%
HWM
US$289.26
Howmet Aerospace
7D
6.2%
1Y
52.6%
Seeking Alpha • Jul 25

Howmet Aerospace: Priced For Everything Going Right

Summary Howmet Aerospace raised full-year guidance after 19% revenue growth and a record 32% EBITDA margin, but trades near all-time highs. HWM’s valuation is stretched at 55x forward earnings, with a 1.8% yield well below the 10-year Treasury, justifying a Hold rating and $247 fair value. Profit growth is driven by high-margin aftermarket spares and robust gas turbine demand, but the market already prices in strong future execution. Risks include reliance on GE/RTX, cyclical exposure, and high expectations; even mild disappointments could pressure the multiple at current levels. Read the full article on Seeking Alpha
HON
US$243.15
Honeywell International
7D
8.1%
1Y
-45.8%
GEV
US$1,014.75
GE Vernova
7D
-4.1%
1Y
57.4%
RTX
US$212.79
RTX
7D
10.0%
1Y
35.6%
Narrative Update • Jul 24

RTX: Backlog Execution And Defense Demand Will Shape Balanced Future Prospects

RTX’s analyst price target has increased to $226.82 from $215.73, as analysts highlight strong Q2 execution, raised multi-year guidance, and support from a $289b backlog with broad-based segment strength. Analyst Commentary Recent research on RTX highlights a mix of optimism around execution and growth, and some caution around valuation and potential headwinds, giving investors a more rounded view of the stock’s risk and reward profile.
ROL
US$38.56
Rollins
7D
-14.5%
1Y
-33.6%
BE
US$184.89
Bloom Energy
7D
-14.0%
1Y
438.4%
Seeking Alpha • Jul 24

Bloom Energy Q2 Preview: What I Need To See To Stay Bullish

Summary Bloom Energy is upgraded from Hold to Buy, driven by its tech moat in solid oxide fuel cells and accelerating growth. BE’s Q1 revenue surged 130% YoY, with the product segment up 208% and strong margin expansion across all segments. I expect Q2 catalysts: higher segment margins, another large hyperscaler deal, sustained positive operating cash flow, and continued manufacturing cost reductions. Despite premium valuation, BE’s profitability, $20B backlog, and asset-light shift support significant growth potential, with regulatory and execution risks to monitor. Read the full article on Seeking Alpha
BA
US$209.52
Boeing
7D
-2.1%
1Y
-10.1%
UBER
US$65.94
Uber Technologies
7D
-9.0%
1Y
-27.8%
Narrative Update • Jul 22

UBER: Delivery Hero Deal And Robotaxis Will Define Next Phase

For Uber Technologies, the analyst price target implied by the updated fair value framework has been reduced by about $7.84 to roughly $75.79, as analysts factor in a slightly higher discount rate, more measured revenue growth and profit margin assumptions, and a lower future P/E multiple, despite continued support from recent research on delivery expansion, AI adoption, and autonomous vehicle opportunities. Analyst Commentary Recent research on Uber Technologies reflects a mix of optimism around growth initiatives and more restrained views on valuation and execution risk.
HONA
US$204.07
Honeywell Aerospace
7D
-3.6%
1Y
n/a
UPS
US$114.79
United Parcel Service
7D
-2.5%
1Y
10.8%
DE
US$628.16
Deere
7D
5.2%
1Y
21.4%
Narrative Update • Jul 15

DE: AI Precision Investment And Tariff Relief Will Support Future Upside

Analysts have raised their price targets on Deere, increasing fair value estimates from $759.00 to about $803.77. This shift is supported by expectations for steadier margins, a slightly lower discount rate, modestly higher future P/E assumptions, and generally constructive sector research.