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U.S. Industrials Sector Analysis

UpdatedApr 02, 2026
DataAggregated Company Financials
Companies1041
  • 7D-0.7%
  • 3M6.1%
  • 1Y26.1%
  • YTD3.8%

The Industrials is pretty flat in the last 7 days, but Boeing has stood out, gaining 3.9%. As for the the longer term, the industry is up 26% over the past 12 months. 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
Thu, 02 Apr 2026US$6.9tUS$2.8tUS$215.6b24x32x2.4x
Sat, 28 Feb 2026US$7.5tUS$2.8tUS$210.9b26.2x35.6x2.6x
Mon, 26 Jan 2026US$6.8tUS$2.8tUS$209.5b25.9x32.7x2.5x
Wed, 24 Dec 2025US$6.5tUS$2.7tUS$210.3b24.8x31x2.4x
Fri, 21 Nov 2025US$6.2tUS$2.7tUS$210.7b23.1x29.3x2.3x
Sun, 19 Oct 2025US$6.3tUS$2.7tUS$209.8b25x30.2x2.3x
Tue, 16 Sep 2025US$6.2tUS$2.7tUS$208.3b24.9x29.9x2.3x
Thu, 14 Aug 2025US$6.2tUS$2.7tUS$209.8b24.9x29.7x2.3x
Sat, 12 Jul 2025US$6.1tUS$2.7tUS$205.4b24.3x29.7x2.3x
Mon, 09 Jun 2025US$5.9tUS$2.7tUS$205.2b22.7x28.5x2.2x
Wed, 07 May 2025US$5.4tUS$2.7tUS$203.5b21x26.7x2x
Fri, 04 Apr 2025US$5.4tUS$2.7tUS$203.3b20.1x26.6x2x
Sun, 02 Mar 2025US$5.6tUS$2.7tUS$204.1b21.8x27.3x2.1x
Tue, 28 Jan 2025US$5.9tUS$2.7tUS$197.1b24x30.1x2.2x
Thu, 26 Dec 2024US$5.6tUS$2.7tUS$197.9b23.6x28.4x2.1x
Sat, 23 Nov 2024US$6.0tUS$2.7tUS$197.3b24.5x30.2x2.2x
Mon, 21 Oct 2024US$5.8tUS$2.7tUS$180.3b24.4x32.3x2.1x
Wed, 18 Sep 2024US$5.5tUS$2.7tUS$180.0b22.6x30.3x2x
Fri, 16 Aug 2024US$5.2tUS$2.7tUS$179.8b21.9x29.1x1.9x
Sun, 14 Jul 2024US$5.3tUS$2.7tUS$169.7b22.4x31x2x
Tue, 11 Jun 2024US$5.2tUS$2.7tUS$170.1b21.7x30.4x1.9x
Thu, 09 May 2024US$5.3tUS$2.7tUS$171.4b23x30.8x1.9x
Sat, 06 Apr 2024US$5.2tUS$2.7tUS$173.6b23.6x30.1x2x
Mon, 04 Mar 2024US$5.1tUS$2.7tUS$172.2b23.4x29.9x1.9x
Wed, 31 Jan 2024US$5.0tUS$2.7tUS$178.4b21.6x27.8x1.8x
Fri, 29 Dec 2023US$5.0tUS$2.7tUS$183.1b21.6x27x1.8x
Sun, 26 Nov 2023US$4.6tUS$2.7tUS$182.2b19.5x25.1x1.7x
Tue, 24 Oct 2023US$4.3tUS$2.7tUS$192.8b17.2x22x1.6x
Thu, 21 Sep 2023US$4.5tUS$2.7tUS$189.4b18.2x23.6x1.6x
Sat, 19 Aug 2023US$4.5tUS$2.7tUS$187.8b18.5x24.2x1.7x
Mon, 17 Jul 2023US$4.6tUS$2.7tUS$186.5b18.3x24.9x1.7x
Wed, 14 Jun 2023US$4.5tUS$2.7tUS$182.8b18.4x24.5x1.7x
Fri, 12 May 2023US$4.2tUS$2.7tUS$184.3b17.3x22.8x1.6x
Sun, 09 Apr 2023US$4.2tUS$2.6tUS$166.2b18x25x1.6x
Price to Earnings Ratio

25x


Total Market Cap: US$4.2tTotal Earnings: US$166.2bTotal Revenue: US$2.6tTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Industrials Sector Price to Earnings3Y Average 28.4x202420252026
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 32.0x which is higher than its 3-year average PE of 28.4x.
  • The 3-year average PS ratio of 2.0x 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 9.1% per year over the last three years.
  • Revenues for these companies have grown 2.2% 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-0.32%
Industrials-0.72%
Transportation1.25%
Commercial Services0.52%
Trade Distributors0.48%
Logistics0.24%
Marine and Shipping0.23%
Industrials0.029%
Machinery-0.073%
Infrastructure-0.68%
Professional Services-0.83%
Construction-0.88%
Aerospace & Defense-0.99%
Airlines-1.20%
Building-2.32%
Electrical-3.34%
Industry PE
  • Investors are most optimistic about the Electrical industry even though it's trading below its 3-year average PE ratio of 63.4x.
    • Analysts expect its future annual earnings growth (19.5%) to be largely in line with prior year's earnings growth.
  • Investors are most pessimistic about the Marine and Shipping industry, which is trading below its 3-year average of 16.2x.
Forecasted Growth
  • Analysts are most optimistic on the Construction industry, expecting annual earnings growth of 23% over the next 5 years.
  • This is roughly in line with its past earnings growth rate.
  • 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
BA BoeingUS$207.323.9%
+US$6.1b		23.0%PE86.2x
CAT CaterpillarUS$730.321.6%
+US$5.2b		118.2%PE38.2x
CSX CSXUS$41.444.7%
+US$3.5b		39.3%PE26.7x
WM Waste ManagementUS$231.002.7%
+US$2.5b		-1.5%PE34.4x
ODFL Old Dominion Freight LineUS$199.635.6%
+US$2.2b		17.4%PE40.6x

Latest News

AGX
US$571.38
Argan
7D
30.6%
1Y
314.0%
CAR
US$170.07
Avis Budget Group
7D
37.6%
1Y
121.5%
GEV
US$894.78
GE Vernova
7D
-3.1%
1Y
170.5%
CSX
US$41.44
CSX
7D
4.7%
1Y
39.3%
AXON
US$423.57
Axon Enterprise
7D
-7.9%
1Y
-24.1%
ODFL
US$199.63
Old Dominion Freight Line
7D
5.6%
1Y
17.4%
WM
US$231.00
Waste Management
7D
2.7%
1Y
-1.5%
BA
US$207.32
Boeing
7D
3.9%
1Y
23.0%
UBER
US$71.71
Uber Technologies
7D
-1.9%
1Y
-3.7%
GE
US$292.68
General Electric
7D
-1.3%
1Y
46.5%

GE: Engine Franchise And Long Cycle Services Will Support Future Returns

Analysts have inched their price expectations for General Electric higher, with the updated fair value estimate moving from $424.14 to $425.00 as they factor in refreshed views on earnings power, profit margins, and long term engine business fundamentals reflected in recent Street research on GE Aerospace. Analyst Commentary Recent Street research on GE Aerospace has leaned positive, with several bullish analysts updating price targets and ratings as they reassess the engine franchise, earnings power, and long term guidance framework.
FERG
US$239.06
Ferguson Enterprises
7D
4.5%
1Y
45.1%

FERG: Large Project Exposure And Buybacks Will Support Medium Term Upside

Ferguson Enterprises' updated analyst price target edges higher to $277.18 from $276.55, as analysts factor in slightly lower discount rates, modestly adjusted revenue growth assumptions, a small uptick in profit margin expectations, and a higher future P/E multiple. Analyst Commentary Recent research points to a cluster of higher price targets for Ferguson Enterprises, with analysts reacting to Q4 results, updated medium term targets, and the company’s role in large capital projects.
BE
US$132.45
Bloom Energy
7D
-11.8%
1Y
527.1%
VRT
US$259.37
Vertiv Holdings Co
7D
-6.1%
1Y
236.4%
ETN
US$365.56
Eaton
7D
-2.5%
1Y
28.8%

ETN: AI Data Center And Thermal Demand Will Drive Future Upside

Analysts have nudged Eaton's fair value estimate higher, with the updated price target moving from $483.16 to $491.40 as they factor in the Boyd Thermal acquisition, changes to P/E assumptions, and a refreshed view on revenue growth and profitability. Analyst Commentary Recent research updates show a mix of views on Eaton, with some firms trimming price targets and others lifting them or upgrading ratings following the Boyd Thermal acquisition and model refreshes.
RKLB
US$65.52
Rocket Lab
7D
-10.1%
1Y
238.8%
CAT
US$730.32
Caterpillar
7D
1.6%
1Y
118.2%

CAT: Data Center Power Dependence Will Likely Restrain Future Return Potential

Caterpillar's updated analyst price target reflects a modest fair value lift of about $1 per share. Analysts point to stronger construction demand signals from ConExpo, lengthening engine lead times tied to data center projects, and growing confidence in the company as a physical AI and infrastructure supplier.