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U.S. Industrials Sector Analysis

UpdatedFeb 18, 2026
DataAggregated Company Financials
Companies1057
  • 7D0.2%
  • 3M17.3%
  • 1Y26.8%
  • YTD10.6%

Last week, the Industrials industry hasn't moved much but Vertiv Holdings Co is up 17% in that time. As for the the longer term, the industry is up 27% over the past 12 months. 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
Wed, 18 Feb 2026US$7.4tUS$2.8tUS$208.6b27.1x35.5x2.6x
Fri, 16 Jan 2026US$6.8tUS$2.7tUS$209.3b26.1x32.7x2.5x
Sun, 14 Dec 2025US$6.5tUS$2.7tUS$209.6b25.1x30.9x2.4x
Tue, 11 Nov 2025US$6.4tUS$2.7tUS$211.2b24.5x30.1x2.3x
Thu, 09 Oct 2025US$6.4tUS$2.7tUS$209.9b25.3x30.6x2.4x
Sat, 06 Sep 2025US$6.2tUS$2.7tUS$208.3b25x29.8x2.3x
Mon, 04 Aug 2025US$6.1tUS$2.7tUS$210.0b23.6x29x2.3x
Wed, 02 Jul 2025US$6.0tUS$2.7tUS$205.3b23.1x29.1x2.2x
Fri, 30 May 2025US$5.8tUS$2.7tUS$206.2b22.5x27.9x2.1x
Sun, 27 Apr 2025US$5.2tUS$2.7tUS$204.6b20.7x25.6x1.9x
Tue, 25 Mar 2025US$5.4tUS$2.7tUS$203.0b21.7x26.4x2x
Thu, 20 Feb 2025US$5.7tUS$2.7tUS$208.3b23.6x27.5x2.1x
Sat, 18 Jan 2025US$5.8tUS$2.7tUS$196.4b24.6x29.4x2.1x
Mon, 16 Dec 2024US$5.8tUS$2.7tUS$198.3b24.2x29.2x2.1x
Wed, 13 Nov 2024US$6.1tUS$2.7tUS$194.2b25.1x31.2x2.2x
Fri, 11 Oct 2024US$5.7tUS$2.7tUS$180.1b23.1x31.7x2.1x
Sun, 08 Sep 2024US$5.2tUS$2.7tUS$179.9b21.1x28.9x1.9x
Tue, 06 Aug 2024US$5.1tUS$2.7tUS$179.7b21x28.6x1.9x
Thu, 04 Jul 2024US$5.1tUS$2.7tUS$170.6b21.5x30.1x1.9x
Sat, 01 Jun 2024US$5.2tUS$2.7tUS$169.9b22.7x30.5x1.9x
Mon, 29 Apr 2024US$5.2tUS$2.7tUS$169.3b22.6x30.7x1.9x
Wed, 27 Mar 2024US$5.3tUS$2.7tUS$172.6b23.2x30.6x2x
Fri, 23 Feb 2024US$5.0tUS$2.7tUS$173.7b23x28.8x1.9x
Sun, 21 Jan 2024US$4.9tUS$2.7tUS$184.2b20.7x26.3x1.8x
Tue, 19 Dec 2023US$4.9tUS$2.7tUS$182.7b21x26.6x1.8x
Thu, 16 Nov 2023US$4.5tUS$2.7tUS$184.8b19x24.5x1.7x
Sat, 14 Oct 2023US$4.4tUS$2.7tUS$192.6b17.8x22.8x1.6x
Mon, 11 Sep 2023US$4.5tUS$2.7tUS$189.3b18.3x23.8x1.7x
Wed, 09 Aug 2023US$4.7tUS$2.7tUS$189.2b19x24.8x1.7x
Fri, 07 Jul 2023US$4.5tUS$2.7tUS$185.6b17.8x24.2x1.7x
Sun, 04 Jun 2023US$4.3tUS$2.7tUS$182.9b17.5x23.5x1.6x
Tue, 02 May 2023US$4.3tUS$2.7tUS$178.5b17.8x23.9x1.6x
Thu, 30 Mar 2023US$4.2tUS$2.6tUS$166.2b18.4x25.5x1.6x
Sat, 25 Feb 2023US$4.1tUS$2.6tUS$161.4b18.8x25.3x1.6x
Price to Earnings Ratio

25.3x


Total Market Cap: US$4.1tTotal Earnings: US$161.4bTotal Revenue: US$2.6tTotal 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 34.9x 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 9.5% per year over the last three years.
  • Revenues for these companies have grown 3.6% 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-1.58%
Industrials0.21%
Marine and Shipping6.22%
Electrical2.57%
Aerospace & Defense2.33%
Machinery1.24%
Construction0.93%
Building-0.47%
Trade Distributors-0.80%
Transportation-1.32%
Industrials-1.59%
Logistics-1.61%
Airlines-2.00%
Infrastructure-2.27%
Commercial Services-3.18%
Professional Services-6.44%
Industry PE
  • Investors are most optimistic about the Electrical industry which is trading above its 3-year average PE ratio of 62.4x.
    • Analysts are expecting annual earnings growth of 19.1%, which is higher than its past year's earnings growth of 13.9% 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 34% 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 3.4% 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
VRT Vertiv Holdings CoUS$243.5322.0%
+US$16.9b		121.5%PE69.9x
GE General ElectricUS$327.083.4%
+US$11.3b		55.7%PE39.9x
RTX RTXUS$203.504.3%
+US$11.2b		64.4%PE40.6x
HWM Howmet AerospaceUS$252.5512.5%
+US$11.0b		84.8%PE67.2x
CAT CaterpillarUS$764.763.0%
+US$8.4b		116.0%PE40.1x

Latest News

GEV
US$819.15
GE Vernova
7D
3.6%
1Y
119.5%
LDOS
US$161.53
Leidos Holdings
7D
-17.0%
1Y
23.1%
GE
US$327.08
General Electric
7D
3.4%
1Y
55.7%

GE: Fairly Valued On Automation Push And High Execution Demands

Analysts have lifted their implied fair value estimate for General Electric to about $301 from roughly $198, citing updated assumptions for revenue growth, profit margins and future P/E, along with a slightly higher discount rate. Analyst Commentary Recent Street research on General Electric has been active, with several firms adjusting their price targets on GE Aerospace.
MMM
US$167.62
3M
7D
-3.4%
1Y
12.5%
HWM
US$252.55
Howmet Aerospace
7D
12.5%
1Y
84.8%

HWM: Elevated Expectations Around Aerospace Demand Will Likely Magnify Execution Risk

Analysts have lifted their price targets on Howmet Aerospace, supporting a move in our fair value estimate from $121.54 to $214.92 as they highlight above trend growth across the portfolio, stronger aerospace and gas turbine demand, expanding margins, and durable pricing power that feeds into higher revenue growth, profit margin, and future P/E assumptions. Analyst Commentary Recent research on Howmet Aerospace points to generally constructive sentiment, with several firms lifting price targets and updating models after the latest earnings.
CAT
US$764.76
Caterpillar
7D
3.0%
1Y
116.0%
RTX
US$203.50
RTX
7D
4.3%
1Y
64.4%
EMR
US$148.85
Emerson Electric
7D
-7.9%
1Y
19.1%
ETN
US$391.49
Eaton
7D
3.7%
1Y
25.0%
VRT
US$243.53
Vertiv Holdings Co
7D
22.0%
1Y
121.5%

New Forecasts: Here's What Analysts Think The Future Holds For Vertiv Holdings Co (NYSE:VRT)

Feb 13
New Forecasts: Here's What Analysts Think The Future Holds For Vertiv Holdings Co (NYSE:VRT)
CPRT
US$37.52
Copart
7D
-7.0%
1Y
-37.0%
UBER
US$70.53
Uber Technologies
7D
-4.0%
1Y
-13.4%

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Uber’s recent moves in Türkiye are hard to ignore. In the past year, $UBER has committed over $1B across Trendyol Go and Getir delivery assets — paying ~0.34–0.41x gross bookings for businesses operating at ~4% global EBITDA margins.
LMT
US$649.58
Lockheed Martin
7D
3.2%
1Y
51.6%
ADP
US$213.08
Automatic Data Processing
7D
-5.5%
1Y
-31.3%

ADP: Dividend Power And HR Platform Execution Will Support Premium P/E

Analysts have trimmed their average price target on Automatic Data Processing by about $10, reflecting slightly more cautious assumptions on revenue growth, profit margins and future P/E multiples after a series of target cuts from major research firms, alongside one fresh bullish initiation. Analyst Commentary Recent research on Automatic Data Processing shows a cluster of target cuts alongside one new, more optimistic initiation.
RBA
US$104.08
RB Global
7D
-12.6%
1Y
7.8%

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Feb 09
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GD
US$342.52
General Dynamics
7D
-4.5%
1Y
41.2%

GD: Higher Defense Budget Hopes And Buyback Limits Will Shape Future Returns

Analysts have nudged their price targets for General Dynamics higher, supporting a fair value update to about $394.81 as they factor in modestly stronger revenue growth expectations, a slightly lower discount rate and refined P/E assumptions, even as they temper profit margin forecasts. Analyst Commentary Recent research updates on General Dynamics cluster around higher price targets and refreshed assumptions, giving you a sense of where analysts see risk and opportunity lining up for the next couple of years.