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U.S. Industrials Sector Analysis

UpdatedDec 26, 2025
DataAggregated Company Financials
Companies1057
  • 7D1.4%
  • 3M3.6%
  • 1Y18.2%
  • YTD19.5%

The Industrials industry is up 1.4% in the last week, with General Electric up 3.1%. This means that the industry has gained 18% over the past year. As for the next few years, earnings are expected to grow by 15% per annum.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 26 Dec 2025US$6.5tUS$2.7tUS$210.3b24.8x31.1x2.4x
Sun, 23 Nov 2025US$6.1tUS$2.7tUS$209.8b23.7x29.2x2.2x
Tue, 21 Oct 2025US$6.4tUS$2.7tUS$209.8b25.5x30.5x2.4x
Thu, 18 Sep 2025US$6.2tUS$2.7tUS$208.5b24.8x30x2.3x
Sat, 16 Aug 2025US$6.2tUS$2.7tUS$209.5b24.5x29.5x2.3x
Mon, 14 Jul 2025US$6.1tUS$2.7tUS$206.3b24.4x29.6x2.3x
Wed, 11 Jun 2025US$5.9tUS$2.7tUS$205.2b22.9x28.6x2.2x
Fri, 09 May 2025US$5.4tUS$2.7tUS$206.1b21.7x26.3x2x
Sun, 06 Apr 2025US$4.8tUS$2.7tUS$203.3b19.1x23.7x1.8x
Tue, 04 Mar 2025US$5.6tUS$2.7tUS$204.1b21.1x27.3x2.1x
Thu, 30 Jan 2025US$5.8tUS$2.7tUS$195.8b24.3x29.5x2.2x
Sat, 28 Dec 2024US$5.6tUS$2.7tUS$197.9b23.7x28.5x2.1x
Mon, 25 Nov 2024US$6.0tUS$2.7tUS$197.3b24.5x30.6x2.2x
Wed, 23 Oct 2024US$5.8tUS$2.7tUS$188.7b23.7x30.7x2.1x
Fri, 20 Sep 2024US$5.5tUS$2.7tUS$179.8b22.6x30.5x2x
Sun, 18 Aug 2024US$5.3tUS$2.7tUS$178.7b22x29.6x2x
Tue, 16 Jul 2024US$5.3tUS$2.7tUS$169.7b22.5x31x2x
Thu, 13 Jun 2024US$5.1tUS$2.7tUS$170.1b21.4x30.2x1.9x
Sat, 11 May 2024US$5.3tUS$2.7tUS$172.2b23.4x30.9x2x
Mon, 08 Apr 2024US$5.3tUS$2.7tUS$173.1b23.4x30.8x2x
Wed, 06 Mar 2024US$5.2tUS$2.7tUS$172.3b23.2x30x1.9x
Fri, 02 Feb 2024US$5.0tUS$2.7tUS$178.9b21.5x27.8x1.8x
Sun, 31 Dec 2023US$4.9tUS$2.7tUS$183.1b21.5x27x1.8x
Tue, 28 Nov 2023US$4.6tUS$2.7tUS$182.2b19.3x25.1x1.7x
Thu, 26 Oct 2023US$4.2tUS$2.7tUS$184.9b16.8x22.9x1.6x
Sat, 23 Sep 2023US$4.4tUS$2.7tUS$189.6b17.9x23.1x1.6x
Mon, 21 Aug 2023US$4.5tUS$2.7tUS$178.8b18.5x25.4x1.7x
Wed, 19 Jul 2023US$4.7tUS$2.7tUS$186.5b18.6x25.3x1.8x
Fri, 16 Jun 2023US$4.5tUS$2.7tUS$182.7b18.3x24.4x1.7x
Sun, 14 May 2023US$4.2tUS$2.7tUS$184.3b17.3x22.8x1.6x
Tue, 11 Apr 2023US$4.2tUS$2.6tUS$166.5b18.4x25.2x1.6x
Thu, 09 Mar 2023US$4.1tUS$2.6tUS$162.4b19x25.5x1.6x
Sat, 04 Feb 2023US$4.2tUS$2.5tUS$161.4b19.3x26.1x1.7x
Mon, 02 Jan 2023US$4.0tUS$2.5tUS$153.2b17.5x25.8x1.6x
Price to Earnings Ratio

25.8x


Total Market Cap: US$4.0tTotal 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 31.1x 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 Market1.34%
Industrials1.42%
Aerospace & Defense3.00%
Infrastructure2.58%
Electrical2.10%
Marine and Shipping1.99%
Construction1.53%
Transportation1.36%
Commercial Services1.31%
Machinery1.01%
Professional Services0.67%
Building0.65%
Trade Distributors0.27%
Logistics0.17%
Airlines0.09%
Industrials-0.99%
Industry PE
  • Investors are most optimistic about the Electrical industry which is trading above its 3-year average PE ratio of 59.8x.
    • Analysts are expecting annual earnings growth of 23.9%, 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
GE General ElectricUS$316.753.1%
+US$10.1b		86.2%PE41.5x
RTX RTXUS$186.382.4%
+US$5.9b		59.7%PE37.9x
UBER Uber TechnologiesUS$81.152.3%
+US$3.8b		32.7%PE10.1x
RKLB Rocket LabUS$77.189.4%
+US$3.6b		183.5%PS74.3x
CAT CaterpillarUS$583.761.3%
+US$3.5b		60.0%PE29.5x

Latest News

FAST
US$41.83
Fastenal
7D
-1.2%
1Y
14.6%
VRT
US$166.87
Vertiv Holdings Co
7D
4.4%
1Y
45.0%

VRT: Expanded Partnerships And Dividend Increase Will Support Continued Upside Potential

Analysts have raised their price target on Vertiv Holdings Co. from 165.00 to 230.00 per share, citing expectations for stronger revenue growth, modestly higher profit margins, and a slightly lower future price to earnings multiple despite a higher assumed discount rate. What's in the News Vertiv raised full year 2025 earnings guidance, now targeting net sales of $10.16 billion to $10.24 billion and organic net sales growth of 26% to 28%, with expected GAAP diluted EPS of $3.41 (company guidance).
MMM
US$160.34
3M
7D
-1.0%
1Y
23.2%

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$196.93
Honeywell International
7D
-1.1%
1Y
-14.2%
DE
US$467.44
Deere
7D
-0.7%
1Y
8.7%

DE: Precision Ag Subscriptions Will Support Earnings Recovery As Downturn Nears Trough

Analysts have nudged our fair value estimate for Deere modestly higher by about $1.50 per share to roughly $527, reflecting increased confidence that Precision Ag subscription growth and a maturing earnings downturn will support steadier profitability despite a still mixed cyclical backdrop. Analyst Commentary Recent Street commentary on Deere underscores a constructive long term outlook supported by Precision Ag adoption and technology driven differentiation, tempered by caution around near term cyclical headwinds and used equipment dynamics.
CNH
US$9.39
CNH Industrial
7D
-2.3%
1Y
-16.8%

CNH Margins And Brazil Risks Will Shape A Cautious Near-Term Outlook

Analysts have reduced their price target on CNH Industrial from $11.50 to $9.50 per share, citing lower fair value assumptions, a slightly higher discount rate, and a more cautious outlook on near term margins despite stronger projected revenue growth. Analyst Commentary Bearish analysts have reiterated a cautious stance on CNH Industrial, trimming price targets and underscoring persistent execution and macro risks.
HWM
US$212.17
Howmet Aerospace
7D
4.3%
1Y
90.7%
RKLB
US$77.18
Rocket Lab
7D
9.4%
1Y
183.5%
CAT
US$583.76
Caterpillar
7D
1.3%
1Y
60.0%

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$316.75
General Electric
7D
3.1%
1Y
86.2%

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).
CACI
US$544.41
CACI International
7D
-2.2%
1Y
34.0%

CACI Steady Backlog Expansion Will Support Multi Year Earnings Power

Analysts have lifted their price target on CACI International to about $670 from roughly $600, citing stronger than expected quarterly performance, improving revenue growth and margins, a richer future P/E outlook, and a de-risked multi-year pipeline supported by rising funded backlog despite ongoing government shutdown concerns. Analyst Commentary Bullish analysts are highlighting CACI International as a standout in the government services space, noting that the latest quarter materially exceeded what had been relatively modest expectations.
EOSE
US$12.02
Eos Energy Enterprises
7D
-8.0%
1Y
132.5%
RTX
US$186.38
RTX
7D
2.4%
1Y
59.7%

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.
BA
US$218.16
Boeing
7D
1.9%
1Y
20.7%

BA: Defense And Widebody Backlog Expansion Will Drive Future Upside

Analysts have slightly lowered their price target on Boeing by approximately $1 to around $244 per share, citing modest tweaks to long term growth, discount rate, and profitability assumptions, while still expecting solid margin improvement and a lower future earnings multiple. What's in the News Boeing received FAA approval to lift its 737 MAX monthly production cap from 38 to 42 jets, a key step in restoring output and financial stability after the 2024 MAX 9 mid air emergency and subsequent safety probe (Regulatory Authority, FAA).
UBER
US$81.15
Uber Technologies
7D
2.3%
1Y
32.7%

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.
UPS
US$100.66
United Parcel Service
7D
-1.2%
1Y
-20.2%

UPS: Margin And Cost Efficiencies Will Drive Earnings Recovery Ahead

The updated fair value estimate for United Parcel Service has been reduced by about $10 to $122 per share, as analysts temper revenue growth and valuation multiples, despite acknowledging improving margins, cost efficiencies, and a more credible transformation outlook following a solid Q3 earnings beat and higher Street price targets. Analyst Commentary Bullish analysts have responded positively to the latest Q3 results, citing a solid earnings beat, reinstated guidance, and meaningful progress on cost initiatives as support for higher valuation.