Investing IdeasBrowse All StocksMarkets
Have your own idea? Try our Stock Screener
Header cover image

U.S. Industrials Sector Analysis

UpdatedFeb 11, 2026
DataAggregated Company Financials
Companies1062
  • 7D2.8%
  • 3M13.0%
  • 1Y26.8%
  • YTD10.4%

In the last week, the Industrials industry is up 2.8%, with Caterpillar up 5.6%. This takes the industry's 12 month performance to a gain of 27%. 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
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
Fri, 30 Jun 2023US$4.6tUS$2.7tUS$184.3b18.1x24.8x1.7x
Sun, 28 May 2023US$4.2tUS$2.7tUS$183.1b17x22.9x1.6x
Tue, 25 Apr 2023US$4.3tUS$2.7tUS$167.8b18.2x25.5x1.6x
Thu, 23 Mar 2023US$4.0tUS$2.5tUS$158.9b18.4x25.2x1.6x
Sat, 18 Feb 2023US$4.2tUS$2.5tUS$161.2b19.3x25.9x1.6x
Price to Earnings Ratio

25.9x


Total Market Cap: US$4.2tTotal Earnings: US$161.2bTotal Revenue: US$2.5tTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Industrials Sector Price to Earnings3Y Average 28x202420252026
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 35.6x which is higher than its 3-year average PE of 28.0x.
  • The 3-year average PS ratio of 2.0x 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 9.0% per year over the last three years.
  • Revenues for these companies have grown 3.8% 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 Market0.99%
Industrials2.78%
Building8.77%
Industrials6.11%
Construction5.74%
Airlines5.11%
Machinery4.96%
Logistics3.94%
Trade Distributors3.69%
Commercial Services3.27%
Transportation2.36%
Electrical1.28%
Professional Services-0.066%
Infrastructure-0.44%
Aerospace & Defense-0.53%
Marine and Shipping-0.95%
Industry PE
  • Investors are most optimistic about the Electrical industry which is trading above its 3-year average PE ratio of 62.2x.
    • Analysts are expecting annual earnings growth of 19.1%, which is higher than its past year's earnings growth of 13.7% per year.
  • Investors are most pessimistic about the Marine and Shipping industry, which is trading below its 3-year average of 15.9x.
Forecasted Growth
  • Analysts are most optimistic on the Infrastructure industry, expecting annual earnings growth of 33% 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 grow by 3.7% 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
CAT CaterpillarUS$742.375.6%
+US$18.5b		104.9%PE39.1x
DE DeereUS$593.418.9%
+US$13.1b		25.1%PE32x
UNP Union PacificUS$261.328.2%
+US$11.8b		5.5%PE21.7x
MMM 3MUS$173.4311.4%
+US$9.3b		15.6%PE28.1x
JCI Johnson Controls InternationalUS$138.7511.9%
+US$9.0b		55.6%PE44.4x

Latest News

XYL
US$128.92
Xylem
7D
-7.0%
1Y
-2.4%
MMM
US$173.43
3M
7D
11.4%
1Y
15.6%
VRSK
US$169.47
Verisk Analytics
7D
-10.6%
1Y
-42.2%
JCI
US$138.75
Johnson Controls International
7D
11.9%
1Y
55.6%

Earnings Tell The Story For Johnson Controls International plc (NYSE:JCI) As Its Stock Soars 25%

Feb 10
Earnings Tell The Story For Johnson Controls International plc (NYSE:JCI) As Its Stock Soars 25%
BA
US$242.59
Boeing
7D
4.0%
1Y
34.4%

Impressive Earnings May Not Tell The Whole Story For Boeing (NYSE:BA)

Feb 09
Impressive Earnings May Not Tell The Whole Story For Boeing (NYSE:BA)
UPS
US$118.70
United Parcel Service
7D
6.1%
1Y
3.6%

United Parcel Service (NYSE:UPS) Has Affirmed Its Dividend Of $1.64

Feb 09
United Parcel Service (NYSE:UPS) Has Affirmed Its Dividend Of $1.64
UNP
US$261.32
Union Pacific
7D
8.2%
1Y
5.5%
NOC
US$685.00
Northrop Grumman
7D
-2.8%
1Y
44.6%

NOC: Future Defense Budgets And Sanctions Will Shape Cash Flow Durability

Analysts have lifted their price targets on Northrop Grumman in recent weeks, and our fair value estimate has moved up by about US$41 to US$721. This reflects slightly lower assumed discount rates, modestly adjusted long term growth and margin expectations, and a higher future P/E multiple in line with updated Street research.
GE
US$316.33
General Electric
7D
2.1%
1Y
51.5%
RTX
US$195.19
RTX
7D
-4.1%
1Y
51.2%
UBER
US$73.50
Uber Technologies
7D
-5.7%
1Y
-4.5%
CAT
US$742.37
Caterpillar
7D
5.6%
1Y
104.9%

CAT: Data Center Engine Reliance Will Likely Erode Future Return Expectations

The analyst price target for Caterpillar has moved higher from about US$393 to roughly US$475, with analysts pointing to updated assumptions for slightly stronger profit margins, a higher future P/E multiple, and ongoing support from data center driven engine demand. Analyst Commentary Across recent research, the tone around Caterpillar has leaned constructive, with a cluster of firms lifting their price targets by wide ranges, from around US$15 to as high as US$125.
DE
US$593.41
Deere
7D
8.9%
1Y
25.1%
RKLB
US$72.03
Rocket Lab
7D
-11.4%
1Y
155.2%

RKLB: Launch Execution And Space Systems Mix Will Drive Long-Term Upside

Analysts have nudged their Rocket Lab price targets higher by about $20 to $60, citing a mix of higher targets from BofA, Goldman Sachs, Morgan Stanley and Stifel, partially offset by a KeyBanc downgrade that argues much of the growth story is already well known. Analyst Commentary Recent research on Rocket Lab reflects a split view, with bullish analysts lifting targets and highlighting execution on both launch and space systems, while others flag timeline and valuation risks.
ADP
US$225.53
Automatic Data Processing
7D
-4.1%
1Y
-26.2%
KRMN
US$91.25
Karman Holdings
7D
-18.3%
1Y
n/a

Karman Holdings Inc.'s (NYSE:KRMN) 33% Jump Shows Its Popularity With Investors

Jan 22
Karman Holdings Inc.'s (NYSE:KRMN) 33% Jump Shows Its Popularity With Investors