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U.S. IT Industry Analysis

UpdatedApr 22, 2026
DataAggregated Company Financials
Companies112
  • 7D5.8%
  • 3M-12.0%
  • 1Y12.4%
  • YTD-12.7%

In the last week, the IT industry is up 5.8%, with Shopify up 11%. Meanwhile, Brand Engagement Network actually underperformed within the industry, shrinking 38% in the last week. This means that the industry has gained 12% over the past year. As for the next few years, earnings are expected to grow by 16% per annum.

Industry Valuation and Performance

Has the U.S. IT Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 22 Apr 2026US$893.2bUS$259.8bUS$21.6b22.1x41.4x3.4x
Fri, 20 Mar 2026US$870.3bUS$259.6bUS$21.6b19.2x40.4x3.4x
Sun, 15 Feb 2026US$900.7bUS$256.5bUS$21.7b23.2x41.4x3.5x
Tue, 13 Jan 2026US$1.1tUS$282.8bUS$21.0b29.7x52.8x3.9x
Thu, 11 Dec 2025US$1.1tUS$282.0bUS$21.0b31.1x52.9x3.9x
Sat, 08 Nov 2025US$1.1tUS$280.3bUS$20.2b31.2x53.8x3.9x
Mon, 06 Oct 2025US$1.1tUS$283.3bUS$20.1b33.2x54.5x3.9x
Wed, 03 Sep 2025US$988.2bUS$250.9bUS$19.3b32.5x51.2x3.9x
Fri, 01 Aug 2025US$960.1bUS$243.2bUS$17.9b26.9x53.8x3.9x
Sun, 29 Jun 2025US$1.0tUS$241.7bUS$17.4b28.9x58.3x4.2x
Tue, 27 May 2025US$930.5bUS$240.2bUS$16.9b29x54.9x3.9x
Thu, 24 Apr 2025US$815.9bUS$242.4bUS$18.5b34.3x44.1x3.4x
Sat, 22 Mar 2025US$859.7bUS$240.8bUS$19.2b44.7x44.7x3.6x
Mon, 17 Feb 2025US$1.0tUS$239.4bUS$18.2b44.8x57x4.3x
Wed, 15 Jan 2025US$851.6bUS$234.0bUS$16.5b39x51.7x3.6x
Fri, 13 Dec 2024US$908.0bUS$233.2bUS$16.4b44.6x55.4x3.9x
Sun, 10 Nov 2024US$816.6bUS$233.2bUS$16.1b46.9x50.6x3.5x
Tue, 08 Oct 2024US$806.1bUS$232.9bUS$17.8b42.7x45.4x3.5x
Thu, 05 Sep 2024US$749.7bUS$233.2bUS$17.5b38.8x42.7x3.2x
Sat, 03 Aug 2024US$714.8bUS$232.5bUS$16.1b28.6x44.3x3.1x
Mon, 01 Jul 2024US$710.2bUS$237.1bUS$17.2b27.9x41.3x3x
Wed, 29 May 2024US$707.2bUS$237.0bUS$17.2b26.9x41x3x
Fri, 26 Apr 2024US$710.4bUS$228.0bUS$14.4b22.8x49.4x3.1x
Sun, 24 Mar 2024US$776.8bUS$227.6bUS$14.6b22.3x53.3x3.4x
Tue, 20 Feb 2024US$831.3bUS$227.5bUS$14.2b23.4x58.5x3.7x
Thu, 18 Jan 2024US$791.2bUS$229.4bUS$12.9b21.1x61.1x3.4x
Sat, 16 Dec 2023US$786.3bUS$229.0bUS$12.8b20.3x61.4x3.4x
Mon, 13 Nov 2023US$691.3bUS$228.4bUS$12.6b20.5x54.7x3x
Wed, 11 Oct 2023US$674.9bUS$227.2bUS$6.5b22.7x104.3x3x
Fri, 08 Sep 2023US$706.7bUS$226.6bUS$6.8b23.2x103.9x3.1x
Sun, 06 Aug 2023US$680.8bUS$226.3bUS$6.4b24x106.1x3x
Tue, 04 Jul 2023US$682.3bUS$228.6bUS$6.1b23.7x112x3x
Thu, 01 Jun 2023US$655.9bUS$228.0bUS$5.8b22.7x114x2.9x
Sat, 29 Apr 2023US$581.8bUS$225.7bUS$2.7b21.7x212.8x2.6x
Price to Earnings Ratio

212.8x


Total Market Cap: US$581.8bTotal Earnings: US$2.7bTotal Revenue: US$225.7bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. IT Industry Price to Earnings3Y Average 61.3x202420252026
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 41.4x which is lower than its 3-year average PE of 61.3x.
  • The industry is trading close to its 3-year average PS ratio of 3.5x.
Past Earnings Growth
  • The earnings for companies in the IT industry have grown 99% per year over the last three years.
  • Revenues for these companies have grown 4.8% 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. Tech industry?

US Market1.31%
Tech4.29%
IT5.81%
Internet Services and Infrastructure6.97%
IT Consulting4.59%
Data Processing Services2.41%
Industry PE
  • Investors are most optimistic about the Data Processing Services industry which is trading above its 3-year average PE ratio of 27.5x.
    • Analysts are expecting annual earnings growth of 14.1%, which is lower than the prior year's growth of 26.6% per year.
Forecasted Growth
  • Analysts are most optimistic on the Internet Services and Infrastructure industry, expecting annual earnings growth of 25% over the next 5 years.
  • This is roughly in line with its past earnings growth rate.
  • In contrast, the IT Consulting industry is expected to see its earnings grow by 7.7% 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
IBM International Business MachinesUS$255.686.4%
+US$14.5b		6.1%PE22.7x
NET CloudflareUS$207.6716.2%
+US$10.2b		94.4%PS33.7x
SNOW SnowflakeUS$150.8411.3%
+US$5.3b		7.6%PS11.1x
SHOP ShopifyUS$131.132.9%
+US$4.9b		44.2%PE138.9x
TWLO TwilioUS$145.3017.2%
+US$3.2b		73.2%PE650.7x

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SHOP
US$131.13
Shopify
7D
2.9%
1Y
44.2%
IBM
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6.4%
1Y
6.1%
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OKTA
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BNAI
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Brand Engagement Network
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