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U.S. IT Industry Analysis
UpdatedMay 28, 2025
DataAggregated Company Financials
Companies103
- 7D1.7%
- 3M-3.1%
- 1Y32.3%
- YTD8.8%
Over the last 7 days, the IT industry has risen 1.7%, driven by gains from CoreWeave of 37%. This takes the industry's 12 month performance to a gain of 32%. As for the next few years, earnings are expected to grow by 18% per annum.
Industry Valuation and Performance
Has the U.S. IT Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Wed, 28 May 2025 | US$930.5b | US$240.2b | US$16.9b | 29.9x | 54.9x | 3.9x |
| Fri, 25 Apr 2025 | US$833.7b | US$242.3b | US$18.5b | 33.4x | 45.1x | 3.4x |
| Sun, 23 Mar 2025 | US$868.2b | US$240.8b | US$19.2b | 44.7x | 45.2x | 3.6x |
| Tue, 18 Feb 2025 | US$1.0t | US$239.4b | US$18.2b | 44.8x | 57x | 4.3x |
| Thu, 16 Jan 2025 | US$851.6b | US$234.1b | US$16.3b | 39.7x | 52.2x | 3.6x |
| Sat, 14 Dec 2024 | US$903.2b | US$233.2b | US$16.4b | 45.5x | 55.1x | 3.9x |
| Mon, 11 Nov 2024 | US$816.6b | US$233.2b | US$16.1b | 46.9x | 50.6x | 3.5x |
| Wed, 09 Oct 2024 | US$798.5b | US$232.8b | US$17.8b | 43.4x | 45x | 3.4x |
| Fri, 06 Sep 2024 | US$754.3b | US$233.3b | US$17.5b | 35.4x | 43x | 3.2x |
| Sun, 04 Aug 2024 | US$703.2b | US$232.5b | US$16.1b | 28.6x | 43.6x | 3x |
| Tue, 02 Jul 2024 | US$710.2b | US$237.0b | US$17.2b | 29.1x | 41.3x | 3x |
| Thu, 30 May 2024 | US$700.2b | US$237.0b | US$17.2b | 28x | 40.6x | 3x |
| Sat, 27 Apr 2024 | US$712.8b | US$228.0b | US$14.4b | 25.1x | 49.6x | 3.1x |
| Mon, 25 Mar 2024 | US$776.8b | US$227.6b | US$14.6b | 22.3x | 53.3x | 3.4x |
| Wed, 21 Feb 2024 | US$811.5b | US$227.5b | US$14.2b | 22.9x | 57.1x | 3.6x |
| Fri, 19 Jan 2024 | US$792.7b | US$229.4b | US$12.9b | 21.1x | 61.2x | 3.5x |
| Sun, 17 Dec 2023 | US$786.3b | US$229.0b | US$12.8b | 20.3x | 61.4x | 3.4x |
| Tue, 14 Nov 2023 | US$688.7b | US$228.4b | US$12.6b | 20.7x | 54.5x | 3x |
| Thu, 12 Oct 2023 | US$676.3b | US$227.2b | US$6.5b | 21.4x | 104.5x | 3x |
| Sat, 09 Sep 2023 | US$706.7b | US$226.6b | US$6.8b | 23.2x | 103.8x | 3.1x |
| Mon, 07 Aug 2023 | US$680.8b | US$226.3b | US$6.4b | 24x | 106.1x | 3x |
| Wed, 05 Jul 2023 | US$682.3b | US$228.6b | US$6.1b | 23.6x | 112x | 3x |
| Fri, 02 Jun 2023 | US$655.7b | US$228.2b | US$5.9b | 23x | 111.1x | 2.9x |
| Sun, 30 Apr 2023 | US$581.7b | US$225.4b | US$3.2b | 21.7x | 182.2x | 2.6x |
| Tue, 28 Mar 2023 | US$573.9b | US$225.5b | US$2.3b | 22.9x | 245.6x | 2.5x |
| Thu, 23 Feb 2023 | US$2.0t | US$462.1b | US$22.5b | 27.4x | 87.2x | 4.2x |
| Sat, 21 Jan 2023 | US$2.0t | US$458.2b | US$39.1b | 28.3x | 51.4x | 4.4x |
| Mon, 19 Dec 2022 | US$1.9t | US$457.7b | US$39.2b | 27.6x | 47.9x | 4.1x |
| Wed, 16 Nov 2022 | US$2.0t | US$456.2b | US$38.0b | 28.7x | 51.8x | 4.3x |
| Fri, 14 Oct 2022 | US$1.8t | US$449.5b | US$41.7b | 26.5x | 42.6x | 3.9x |
| Sun, 11 Sep 2022 | US$2.0t | US$447.2b | US$41.4b | 27.7x | 49x | 4.5x |
| Tue, 09 Aug 2022 | US$2.1t | US$444.6b | US$42.3b | 30.1x | 50.4x | 4.8x |
| Thu, 07 Jul 2022 | US$1.9t | US$441.5b | US$46.9b | 29.2x | 41.1x | 4.4x |
| Sat, 04 Jun 2022 | US$2.1t | US$438.5b | US$47.0b | 29.1x | 44.4x | 4.8x |
Price to Earnings Ratio
44.4x
Current Industry PE
- Investors are pessimistic on the American IT industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The industry is trading at a PE ratio of 54.9x which is lower than its 3-year average PE of 67.4x.
- The industry is trading close to its 3-year average PS ratio of 3.6x.
Past Earnings Growth
- The earnings for companies in the IT industry have declined 29% per year over the last three years,
- Revenues have also declined 18% per year.
- This means overall sales from these companies are declining and profits are subsequently falling as well.
Industry Trends
Which industries have driven the changes within the U.S. Tech industry?
| US Market | -0.30% | |
| Tech | -0.15% | |
| IT | 1.67% | |
| Internet Services and Infrastructure | 6.27% | |
| Data Processing Services | -0.31% | |
| IT Consulting | -1.32% | |
Industry PE
- Investors are most optimistic about the IT Consulting industry, which is trading close to its 3-year average PE ratio of 32.0x.
- Analysts are expecting annual earnings growth of 10.2%, which is higher than its past year's earnings growth of 6.3% per year.
Forecasted Growth
- Analysts are most optimistic on the Internet Services and Infrastructure industry, expecting annual earnings growth of 28% over the next 5 years.
- This is better than its past earnings decline of 28% per year.
- In contrast, the IT Consulting industry is expected to see its earnings grow by 10% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| CRWV CoreWeave | US$123.97 | 37.4% +US$16.2b | n/a | PS22x | |
| SNOW Snowflake | US$206.35 | 12.8% +US$7.8b | 36.9% | PS17.9x | |
| NET Cloudflare | US$161.76 | 2.8% +US$1.5b | 119.0% | PS31.7x | |
| SHOP Shopify | US$106.74 | 0.3% +US$402.2m | 83.4% | PE86x | |
| BBAI BigBear.ai Holdings | US$4.49 | 26.5% +US$273.7m | 180.6% | PS8.2x |
