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U.S. Industrials Sector Analysis

UpdatedMar 02, 2026
DataAggregated Company Financials
Companies1054
  • 7D-0.3%
  • 3M16.3%
  • 1Y32.0%
  • YTD11.7%

Over the last 7 days, the Industrials industry has remained flat, although notably Axon Enterprise gained 31%. As for the the longer term, the industry is up 32% over the past 12 months. 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, 04 Mar 2026US$7.5tUS$2.8tUS$210.9b26.3x35.5x2.6x
Fri, 30 Jan 2026US$7.0tUS$2.9tUS$213.8b25.6x32.9x2.5x
Sun, 28 Dec 2025US$6.5tUS$2.7tUS$210.3b24.7x31x2.4x
Tue, 25 Nov 2025US$6.2tUS$2.7tUS$209.8b23.8x29.3x2.2x
Thu, 23 Oct 2025US$6.4tUS$2.7tUS$210.0b25.2x30.7x2.4x
Sat, 20 Sep 2025US$6.3tUS$2.7tUS$208.5b24.7x30.2x2.3x
Mon, 18 Aug 2025US$6.2tUS$2.7tUS$209.4b24.6x29.4x2.3x
Wed, 16 Jul 2025US$6.1tUS$2.7tUS$206.3b23.7x29.7x2.3x
Fri, 13 Jun 2025US$5.8tUS$2.7tUS$205.2b22.9x28.5x2.2x
Sun, 11 May 2025US$5.5tUS$2.7tUS$206.4b21.6x26.7x2.1x
Tue, 08 Apr 2025US$4.8tUS$2.7tUS$203.3b18.9x23.7x1.8x
Thu, 06 Mar 2025US$5.4tUS$2.7tUS$204.1b21.5x26.3x2x
Sat, 01 Feb 2025US$5.8tUS$2.7tUS$202.4b24.2x28.8x2.2x
Mon, 30 Dec 2024US$5.6tUS$2.7tUS$197.9b23.7x28.2x2.1x
Wed, 27 Nov 2024US$6.1tUS$2.7tUS$197.1b24.7x30.8x2.2x
Fri, 25 Oct 2024US$5.7tUS$2.7tUS$187.7b23.5x30.4x2.1x
Sun, 22 Sep 2024US$5.5tUS$2.7tUS$179.5b22.5x30.9x2.1x
Tue, 20 Aug 2024US$5.3tUS$2.7tUS$178.7b22.1x29.6x2x
Thu, 18 Jul 2024US$5.4tUS$2.7tUS$169.6b22.7x32.1x2x
Sat, 15 Jun 2024US$5.2tUS$2.7tUS$170.1b20.9x30.4x1.9x
Mon, 13 May 2024US$5.3tUS$2.7tUS$171.4b23.5x31.1x2x
Wed, 10 Apr 2024US$5.3tUS$2.7tUS$173.1b23.5x30.8x2x
Fri, 08 Mar 2024US$5.2tUS$2.7tUS$172.7b23.3x30.1x2x
Sun, 04 Feb 2024US$5.0tUS$2.7tUS$175.3b21.6x28.5x1.8x
Tue, 02 Jan 2024US$4.9tUS$2.7tUS$183.0b21.6x27x1.8x
Thu, 30 Nov 2023US$4.5tUS$2.7tUS$182.4b19.2x24.9x1.7x
Sat, 28 Oct 2023US$4.2tUS$2.7tUS$182.7b16.8x22.8x1.5x
Mon, 25 Sep 2023US$4.4tUS$2.7tUS$189.4b17.9x23.2x1.6x
Wed, 23 Aug 2023US$4.5tUS$2.7tUS$188.8b18.5x24x1.7x
Fri, 21 Jul 2023US$4.7tUS$2.7tUS$188.4b18.3x25x1.8x
Sun, 18 Jun 2023US$4.5tUS$2.7tUS$182.7b18.5x24.7x1.7x
Tue, 16 May 2023US$4.2tUS$2.7tUS$184.3b17.3x22.9x1.6x
Thu, 13 Apr 2023US$4.2tUS$2.6tUS$166.5b18.2x25.4x1.6x
Sat, 11 Mar 2023US$4.0tUS$2.6tUS$162.5b18x24.5x1.6x
Price to Earnings Ratio

24.5x


Total Market Cap: US$4.0tTotal Earnings: US$162.5bTotal Revenue: US$2.6tTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Industrials Sector Price to Earnings3Y Average 28.2x202420252026
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 35.5x which is higher than its 3-year average PE of 28.2x.
  • 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 9.1% per year over the last three years.
  • Revenues for these companies have grown 3.5% 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-0.57%
Industrials-0.32%
Commercial Services2.48%
Electrical2.01%
Professional Services1.74%
Marine and Shipping1.31%
Transportation0.19%
Aerospace & Defense0.048%
Industrials-0.52%
Building-1.18%
Logistics-1.57%
Construction-1.64%
Machinery-2.03%
Trade Distributors-2.21%
Infrastructure-2.61%
Airlines-4.58%
Industry PE
  • Investors are most optimistic about the Electrical industry, which is trading close to its 3-year average PE ratio of 62.9x.
    • Analysts are expecting annual earnings growth of 19.0%, which is higher than its past year's earnings growth of 15.3% per year.
  • Investors are most pessimistic about the Marine and Shipping industry, which is trading below its 3-year average of 16.0x.
Forecasted Growth
  • Analysts are most optimistic on the Construction industry, expecting annual earnings growth of 24% 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 decline by 2.7% 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
AXON Axon EnterpriseUS$579.0930.9%
+US$11.3b		9.6%PE372.6x
RTX RTXUS$206.524.1%
+US$10.8b		60.5%PE41.2x
UBER Uber TechnologiesUS$76.367.0%
+US$10.2b		1.5%PE15.6x
WM Waste ManagementUS$243.446.0%
+US$5.6b		5.9%PE36.3x
NOC Northrop GrummanUS$759.114.3%
+US$4.5b		63.7%PE25.8x

Latest News

BA
US$224.12
Boeing
7D
-4.0%
1Y
41.0%
AXON
US$579.09
Axon Enterprise
7D
30.9%
1Y
9.6%
WM
US$243.44
Waste Management
7D
6.0%
1Y
5.9%
ADP
US$216.27
Automatic Data Processing
7D
5.1%
1Y
-31.0%
CAT
US$722.18
Caterpillar
7D
-6.0%
1Y
121.0%
GE
US$334.14
General Electric
7D
-3.3%
1Y
68.1%

GE: Aerospace Moat And Long Cycle Services Will Drive Future Returns

The analyst fair value estimate for General Electric has moved from $394.00 to about $424.14 as analysts factor in a higher assumed revenue growth rate, a modestly different discount rate, and Street research highlighting GE Aerospace as a "best in class" operator with a deep competitive moat in a long cycle industry. Analyst Commentary Recent Street research on General Electric, and specifically GE Aerospace, has leaned constructive, with several bullish analysts updating their views around quality of execution, earnings power, and cash generation.
ETN
US$355.56
Eaton
7D
-5.1%
1Y
27.3%
CMI
US$560.09
Cummins
7D
-6.7%
1Y
61.3%
NOC
US$759.11
Northrop Grumman
7D
4.3%
1Y
63.7%
DE
US$619.22
Deere
7D
-3.9%
1Y
35.1%
UBER
US$76.36
Uber Technologies
7D
7.0%
1Y
1.5%

UBER: AI And Autonomous Partnerships Will Shape Long Term Upside Potential

Analysts recently trimmed their average price target on Uber Technologies to about $104 from roughly $105, citing updated assumptions for discount rates, revenue growth, profit margins and future P/E multiples after revisiting their models and broader sector valuations. Analyst Commentary Recent research on Uber highlights a mix of optimism around execution and growth on one side, and some reservation around valuation, macro risk and competitive or regulatory questions on the other.
RSG
US$232.27
Republic Services
7D
5.2%
1Y
-1.6%

RSG: Renewable Gas Buildout And Capital Returns Will Support Steady Outlook

Analysts have trimmed their price target on Republic Services slightly to $244.04 from $244.21. This reflects updated assumptions around a marginally different discount rate, revenue growth outlook, profit margin expectations, and future P/E estimates.
RTX
US$206.52
RTX
7D
4.1%
1Y
60.5%

RTX: Fair Value View Weighs Aerospace Demand Against Defense Policy Constraints

Analysts have nudged their RTX fair value estimate higher to $216.92 from $214.54, reflecting updated targets across major firms that highlight slightly stronger revenue growth assumptions, a modestly adjusted discount rate, and a similar forward P/E outlook despite a small trim to profit margin expectations. Analyst Commentary Recent research updates cluster around a series of higher price targets for RTX, which helps explain the modest lift in the consolidated fair value estimate.
GEV
US$842.00
GE Vernova
7D
-4.3%
1Y
168.9%

GE Vernova (GEV): Powering the Future: Electrons at Scale: The Grid’s New Sovereign

The narrative for GE Vernova in 2026 is centered on one word: Backlog. With a total backlog of $150 billion , the company has effectively "sold out" its capacity for years to come.
GD
US$364.70
General Dynamics
7D
3.8%
1Y
45.4%
PH
US$988.67
Parker-Hannifin
7D
-3.4%
1Y
58.2%

Parker-Hannifin (PH) The Industrial Alchemist: Transforming Motion into Margin

Parker-Hannifin (PH) has ascended to a new stratosphere of industrial performance, with its stock trading at $1,022.24 as of the market close on February 20, 2026. The company’s recent "record-shattering" Q2 FY2026 earnings report, delivered on January 29, showcased a masterclass in operational efficiency, with adjusted EPS hitting $7.65 —a 17% increase year-over-year.