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U.S. Industrials Sector Analysis

UpdatedNov 24, 2025
DataAggregated Company Financials
Companies1036
  • 7D3.2%
  • 3M1.9%
  • 1Y5.8%
  • YTD16.2%

The Industrials industry has gained 3.2% in the last week and Caterpillar up 4.2%. This takes the industry's 12 month performance to a gain of 5.8%. 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, 28 Nov 2025US$6.1tUS$2.7tUS$209.8b23.7x29.3x2.2x
Sun, 26 Oct 2025US$6.5tUS$2.7tUS$210.4b25.9x30.9x2.4x
Tue, 23 Sep 2025US$6.3tUS$2.7tUS$208.5b24.7x30.3x2.3x
Thu, 21 Aug 2025US$6.2tUS$2.7tUS$209.2b24.6x29.6x2.3x
Sat, 19 Jul 2025US$6.2tUS$2.7tUS$206.6b23.8x29.9x2.3x
Mon, 16 Jun 2025US$5.8tUS$2.7tUS$205.1b22.3x28.2x2.1x
Wed, 14 May 2025US$5.7tUS$2.7tUS$206.2b22.5x27.6x2.1x
Fri, 11 Apr 2025US$5.2tUS$2.7tUS$203.5b19.6x25.4x1.9x
Sun, 09 Mar 2025US$5.5tUS$2.7tUS$204.0b21.8x26.8x2x
Tue, 04 Feb 2025US$5.8tUS$2.7tUS$201.9b23.7x28.7x2.2x
Thu, 02 Jan 2025US$5.5tUS$2.7tUS$197.9b23.5x27.9x2x
Sat, 30 Nov 2024US$6.1tUS$2.7tUS$197.1b25x30.8x2.2x
Mon, 28 Oct 2024US$5.7tUS$2.7tUS$188.5b23.4x30.1x2.1x
Wed, 25 Sep 2024US$5.6tUS$2.7tUS$179.7b22.9x31.1x2.1x
Fri, 23 Aug 2024US$5.3tUS$2.7tUS$179.3b22x29.8x2x
Sun, 21 Jul 2024US$5.3tUS$2.7tUS$169.9b22.4x31.1x2x
Tue, 18 Jun 2024US$5.1tUS$2.7tUS$170.1b21.2x30x1.9x
Thu, 16 May 2024US$5.3tUS$2.7tUS$171.4b23.4x31x2x
Sat, 13 Apr 2024US$5.3tUS$2.7tUS$173.8b22.8x30.4x2x
Mon, 11 Mar 2024US$5.2tUS$2.7tUS$172.6b23.1x30x2x
Wed, 07 Feb 2024US$4.9tUS$2.7tUS$174.8b21.6x28.1x1.9x
Fri, 05 Jan 2024US$4.8tUS$2.7tUS$182.9b20.9x26.3x1.8x
Sun, 03 Dec 2023US$4.7tUS$2.7tUS$182.5b19.9x25.7x1.7x
Tue, 31 Oct 2023US$4.2tUS$2.7tUS$183.4b17.1x23x1.5x
Thu, 28 Sep 2023US$4.4tUS$2.7tUS$189.4b18x23.2x1.6x
Sat, 26 Aug 2023US$4.6tUS$2.7tUS$189.3b18.7x24.1x1.7x
Mon, 24 Jul 2023US$4.7tUS$2.7tUS$188.2b18.1x24.9x1.7x
Wed, 21 Jun 2023US$4.5tUS$2.7tUS$182.7b18.3x24.6x1.7x
Fri, 19 May 2023US$4.3tUS$2.7tUS$184.0b17.2x23.2x1.6x
Sun, 16 Apr 2023US$4.3tUS$2.6tUS$167.1b18.2x25.5x1.6x
Tue, 14 Mar 2023US$4.0tUS$2.6tUS$162.3b17.7x24.4x1.5x
Thu, 09 Feb 2023US$4.2tUS$2.5tUS$162.2b19.2x25.7x1.6x
Sat, 07 Jan 2023US$4.0tUS$2.5tUS$153.2b17.8x26.4x1.6x
Mon, 05 Dec 2022US$4.2tUS$2.5tUS$154.0b18.1x27x1.7x
Price to Earnings Ratio

27x


Total Market Cap: US$4.2tTotal Earnings: US$154.0bTotal Revenue: US$2.5tTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Industrials Sector Price to Earnings3Y Average 27.6x202320242025
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 27.6x.
  • The 3-year average PS ratio of 1.9x is lower than the industry's current PS ratio of 2.2x.
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 Market3.54%
Industrials3.16%
Airlines8.92%
Construction7.31%
Infrastructure6.93%
Marine and Shipping5.46%
Electrical4.66%
Machinery3.76%
Building3.64%
Logistics2.78%
Trade Distributors2.76%
Transportation2.69%
Aerospace & Defense2.43%
Professional Services2.00%
Industrials1.00%
Commercial Services0.37%
Industry PE
  • Investors are most optimistic about the Electrical industry which is trading above its 3-year average PE ratio of 58.2x.
    • Analysts are expecting annual earnings growth of 23.2%, which is higher than its past year's earnings growth of 14.4% per year.
  • Investors are most pessimistic about the Marine and Shipping industry, which is trading below its 3-year average of 15.5x.
Forecasted Growth
  • Analysts are most optimistic on the Infrastructure industry, expecting annual earnings growth of 37% 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 3.3% 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$573.734.2%
+US$10.9b		41.3%PE29x
GE General ElectricUS$296.623.2%
+US$9.7b		62.8%PE38.8x
GEV GE VernovaUS$589.726.1%
+US$9.2b		76.5%PE93.9x
BA BoeingUS$186.924.0%
+US$5.5b		20.3%PS1.8x
RTX RTXUS$173.192.1%
+US$4.7b		42.2%PE35.2x

Latest News

BA
US$186.92
Boeing
7D
4.0%
1Y
20.3%
DE
US$469.87
Deere
7D
-3.6%
1Y
0.9%
CPRT
US$38.75
Copart
7D
-4.9%
1Y
-38.9%
VRT
US$172.02
Vertiv Holdings Co
7D
7.6%
1Y
34.8%

VRT: Dividend Hike And CFO Appointment Will Drive Future Momentum

Analysts have raised their price target for Vertiv Holdings Co. slightly, increasing it from $192.66 to $194.63. They cite incremental improvements in projected revenue growth and adjusted discount rates, despite a marginally lower anticipated profit margin.
SYM
US$87.30
Symbotic
7D
62.8%
1Y
224.5%

SYM: Deployment Delays And Customer Expansion Will Shape Shares Going Forward

Analysts have revised Symbotic's price target to $50.82. This reflects no change from previous estimates, as recent research highlights mixed views on valuation and near-term growth prospects.
CNH
US$9.40
CNH Industrial
7D
-3.0%
1Y
-25.2%

CNH: Tariff Headwinds Will Ease as Market Recovery Is Expected by 2026

The consensus analyst price target for CNH Industrial has been revised downward from approximately $14.11 to $13.12 per share. Analysts cite nearer-term tariff headwinds and heightened industry caution as key drivers of the reduction.
LHX
US$276.14
L3Harris Technologies
7D
-0.6%
1Y
12.1%

LHX: Earnings Momentum Will Accelerate On Rising Demand For Advanced Defense Systems

The consensus analyst price target for L3Harris Technologies increased from $320 to $350. Analysts cite the company's strong positioning for future contract awards and recent improvements in the aerospace and defense sector outlook as key factors supporting the upward revision.
LMT
US$454.16
Lockheed Martin
7D
-1.4%
1Y
-14.2%
GE
US$296.62
General Electric
7D
3.2%
1Y
62.8%

GE: Urgent Defense Demand Will Drive Aerospace Upside As Production Rises

General Electric's analyst price target has been revised downward from $343.57 to $339.00. This reflects analyst expectations of slightly slower growth and modestly higher discount rates impacting valuation.
CAT
US$573.73
Caterpillar
7D
4.2%
1Y
41.3%

CAT: Future Performance Will Balance Demand Momentum And Rising Tariff Headwinds

Caterpillar's analyst price target has increased from $559 to $588. This reflects growing confidence among analysts due to strong recent earnings and an improved demand outlook across key segments.
RSG
US$217.37
Republic Services
7D
-0.7%
1Y
-0.4%

RSG: Labor Contracts With Up To 46% Raises Will Support Share Strength

Republic Services’ analyst price target has been revised downward slightly, decreasing from $248.86 to $246.67. Analysts attribute this change to a more conservative outlook on revenue growth and profit margins.
PWR
US$460.43
Quanta Services
7D
7.0%
1Y
33.6%

PWR: Expanding Power Generation Market Exposure Will Support Steady Outlook Ahead

Quanta Services’ analyst price target increased by nearly $9 to $472.80, as analysts cite robust Q3 results and expanding opportunities in power generation and infrastructure solutions as supporting factors. Analyst Commentary Recent analyst reports on Quanta Services highlight a strong consensus around the company’s robust execution and growth prospects, though a few note areas that may warrant caution for investors.
GWW
US$945.10
W.W. Grainger
7D
-0.7%
1Y
-21.6%
RTX
US$173.19
RTX
7D
2.1%
1Y
42.2%

RTX: Defense Demand And Cybersecurity Developments Will Shape Outlook Amid Recent Stability

Narrative Update: Change in Analyst Price Target for RTX Analysts have maintained RTX's fair value target at $192.06, reflecting continued confidence in the company’s outlook. Updated market assumptions show only minor adjustments to key financial metrics.
GEV
US$589.72
GE Vernova
7D
6.1%
1Y
76.5%

GEV: Share Buyback Momentum And Global Partnerships Will Drive Upside

Analysts have modestly reaffirmed their price target for GE Vernova at approximately $679 per share. They cite slight adjustments to the company’s discount rate and growth assumptions, but largely maintain their outlook based on stable profit margin forecasts and a consistent valuation multiple.
CTAS
US$184.60
Cintas
7D
-0.6%
1Y
-18.2%