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U.S. Industrials Sector Analysis

UpdatedJul 21, 2026
DataAggregated Company Financials
Companies1072
  • 7D-1.4%
  • 3M0.8%
  • 1Y17.9%
  • YTD10.4%

Over the last 7 days, the Industrials industry has dropped 1.4%, driven by Caterpillar declining 4.6%. In contrast, 3M has gained 9.1%. This takes the industry's 12 month performance to a gain of 18%. 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
Wed, 22 Jul 2026US$7.6tUS$2.9tUS$219.9b25.8x34.5x2.6x
Fri, 19 Jun 2026US$7.9tUS$2.9tUS$219.6b26.2x35.9x2.7x
Sun, 17 May 2026US$7.5tUS$2.9tUS$219.9b24.8x33.9x2.6x
Tue, 14 Apr 2026US$7.3tUS$2.8tUS$214.3b25.7x34.1x2.6x
Thu, 12 Mar 2026US$7.2tUS$2.9tUS$212.3b25.1x34x2.5x
Sat, 07 Feb 2026US$7.2tUS$2.9tUS$208.6b26.8x34.3x2.5x
Mon, 05 Jan 2026US$6.5tUS$2.7tUS$210.3b24.4x31.1x2.4x
Wed, 03 Dec 2025US$6.3tUS$2.7tUS$209.8b24.2x30x2.3x
Fri, 31 Oct 2025US$6.5tUS$2.7tUS$210.2b25.5x30.8x2.4x
Sun, 28 Sep 2025US$6.3tUS$2.7tUS$208.6b24.7x30.1x2.3x
Tue, 26 Aug 2025US$6.2tUS$2.7tUS$209.0b24.7x29.8x2.3x
Thu, 24 Jul 2025US$6.1tUS$2.7tUS$206.2b24.4x29.8x2.3x
Sat, 21 Jun 2025US$5.8tUS$2.7tUS$205.1b22.3x28.2x2.1x
Mon, 19 May 2025US$5.8tUS$2.7tUS$206.1b23.1x28.2x2.2x
Wed, 16 Apr 2025US$5.1tUS$2.7tUS$202.8b20x25.4x1.9x
Fri, 14 Mar 2025US$5.3tUS$2.7tUS$204.5b20.6x25.9x2x
Sun, 09 Feb 2025US$5.7tUS$2.7tUS$208.2b24x27.6x2.1x
Tue, 07 Jan 2025US$5.6tUS$2.7tUS$197.7b23.8x28.2x2x
Thu, 05 Dec 2024US$6.0tUS$2.7tUS$198.2b25.2x30.3x2.2x
Sat, 02 Nov 2024US$5.6tUS$2.7tUS$193.8b23.2x29x2.1x
Mon, 30 Sep 2024US$5.6tUS$2.7tUS$179.6b23.1x31.4x2.1x
Wed, 28 Aug 2024US$5.4tUS$2.7tUS$179.7b22.5x30x2x
Fri, 26 Jul 2024US$5.2tUS$2.7tUS$170.0b22.5x30.7x1.9x
Sun, 23 Jun 2024US$5.2tUS$2.7tUS$170.4b21.4x30.4x1.9x
Tue, 21 May 2024US$5.3tUS$2.7tUS$171.4b22.8x31x2x
Thu, 18 Apr 2024US$5.1tUS$2.7tUS$173.8b22.2x29.4x1.9x
Sat, 16 Mar 2024US$5.2tUS$2.7tUS$172.4b22.8x30x1.9x
Mon, 12 Feb 2024US$5.0tUS$2.7tUS$173.4b22.7x28.7x1.9x
Wed, 10 Jan 2024US$4.8tUS$2.7tUS$182.9b20.8x26.5x1.8x
Fri, 08 Dec 2023US$4.7tUS$2.7tUS$182.9b20x25.5x1.7x
Sun, 05 Nov 2023US$4.4tUS$2.7tUS$180.3b17.6x24.4x1.6x
Tue, 03 Oct 2023US$4.4tUS$2.7tUS$192.2b17.9x22.8x1.6x
Thu, 31 Aug 2023US$4.7tUS$2.7tUS$189.3b19.3x24.6x1.7x
Sat, 29 Jul 2023US$4.7tUS$2.7tUS$181.5b18.4x25.7x1.7x
Price to Earnings Ratio

25.7x


Total Market Cap: US$4.7tTotal Earnings: US$181.5bTotal Revenue: US$2.7tTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Industrials Sector Price to Earnings3Y Average 29.4x202420252026
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 34.5x which is higher than its 3-year average PE of 29.4x.
  • 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 6.3% 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-1.36%
Industrials-1.36%
Commercial Services2.02%
Industrials1.25%
Professional Services1.09%
Marine and Shipping1.02%
Transportation0.70%
Logistics0.16%
Infrastructure-0.60%
Electrical-1.11%
Construction-1.53%
Airlines-1.73%
Building-2.25%
Aerospace & Defense-2.44%
Machinery-2.76%
Trade Distributors-2.76%
Industry PE
  • Investors are most optimistic about the Construction industry which is trading above its 3-year average PE ratio of 38.4x.
    • Analysts are expecting annual earnings growth of 25.4%, 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 17.0x.
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 33% 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
MMM 3MUS$170.769.1%
+US$7.4b		12.9%PE29.7x
CTAS CintasUS$200.418.7%
+US$6.4b		-8.8%PE40.1x
GEV GE VernovaUS$1.08k1.2%
+US$3.4b		96.5%PE30.9x
UNP Union PacificUS$293.131.7%
+US$2.9b		27.9%PE24.1x
HON Honeywell InternationalUS$229.863.2%
+US$2.3b		-51.4%PE18.4x

Latest News

MMM
US$170.76
3M
7D
9.1%
1Y
12.9%
CAT
US$889.97
Caterpillar
7D
-4.6%
1Y
113.3%
BA
US$204.80
Boeing
7D
-5.7%
1Y
-10.4%
Seeking Alpha • 11h

Boeing: Strong Delivery Momentum

Summary Boeing (BA) demonstrated stable net order inflow in June, booking 113 net orders valued at $7.3 billion, with strong single-aisle demand. BA's delivery cadence is improving, with 64 aircraft delivered in June and year-to-date deliveries up 12%, reflecting more sustainable, output-based production. Key operational milestones include ramping up 737 MAX and 787 production, inaugurating a fourth 737 MAX line, and progressing on MAX 7, MAX 10, and 777X certifications. Book-to-bill ratios above 1x signal robust demand, but focus remains on converting backlog to deliveries and achieving pre-crisis output levels. Read the full article on Seeking Alpha
GE
US$340.70
General Electric
7D
-3.7%
1Y
31.5%
RKLB
US$69.12
Rocket Lab
7D
-12.3%
1Y
47.4%
ETN
US$402.95
Eaton
7D
-3.0%
1Y
8.1%
PWR
US$639.20
Quanta Services
7D
-3.3%
1Y
61.9%
Seeking Alpha • Jul 18

Quanta Services: Buy The Bottleneck Between AI And Energized Power

Summary Quanta Services is evolving from a construction contractor to a capacity brokerage firm, uniquely positioned across critical-path power delivery elements. PWR's integrated platform, in-house labor, and transformer capacity expansion underpin its ability to capture long-duration, high-value infrastructure projects amid industry constraints. 2026 guidance implies 22.7% revenue and 29.3% adjusted EPS growth, but valuation reflects a significant scarcity premium with a forward EV/EBITDA of 28.3x. I recommend buying PWR for investors seeking high-quality, long-duration infrastructure growth, acknowledging the considerable risks embedded in its premium valuation. Read the full article on Seeking Alpha
HON
US$229.86
Honeywell International
7D
3.2%
1Y
-51.4%
GEV
US$1,078.81
GE Vernova
7D
1.2%
1Y
96.5%
CTAS
US$200.41
Cintas
7D
8.7%
1Y
-8.8%
UNP
US$293.13
Union Pacific
7D
1.7%
1Y
27.9%
BE
US$226.26
Bloom Energy
7D
-7.0%
1Y
772.6%
Narrative Update • Jul 16

BE: AI Power Backlog And Brookfield Funding Will Keep P/E Excessively Elevated

Analysts have raised their fair value estimate for Bloom Energy from $122.81 to $139.00, citing updated assumptions for revenue growth, profit margins, and a lower future P/E multiple in their price target analysis. What's in the News Bloom Energy expanded its partnership with Brookfield Asset Management, with Brookfield increasing its AI infrastructure power project financing framework from US$5b to US$25b.
EMR
US$139.26
Emerson Electric
7D
2.3%
1Y
-3.5%
ODFL
US$234.79
Old Dominion Freight Line
7D
2.7%
1Y
40.7%
Narrative Update • Jul 16

ODFL: Tightening Freight Capacity Will Test Rich Market Pricing

Analysts have raised the fair value estimate for Old Dominion Freight Line from $123.18 to $176.42. They attribute the higher price targets to tighter freight capacity, improving industrial production, and expectations for steadier demand in less-than-truckload shipping.
UPS
US$116.34
United Parcel Service
7D
2.3%
1Y
15.0%
URI
US$1,013.54
United Rentals
7D
-4.9%
1Y
28.1%
Narrative Update • Jul 14

URI: AI Tools And Construction Cycle Tailwinds Will Temper Future Returns

United Rentals' analyst price target is now framed around a higher fair value estimate of about $1,154.86, up from $1,120. Analysts point to strong sector demand, supportive U.S. macro data, and company specific execution as key drivers behind the revised outlook.