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U.S. IT Consulting Industry Analysis

UpdatedMar 07, 2026
DataAggregated Company Financials
Companies79
  • 7D5.6%
  • 3M-17.4%
  • 1Y-22.7%
  • YTDn/a

Over the last 7 days, the IT Consulting industry has risen 4.7%, driven by gains from International Business Machines of 7.8%. Meanwhile, TSS actually underperformed within the industry, shrinking 12% in the last week. However, the industry is down 21% over the past year. Looking forward, earnings are forecast to grow by 8.3% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 07 Mar 2026US$450.2bUS$213.7bUS$22.6b16.9x19.9x2.1x
Mon, 02 Feb 2026US$543.8bUS$213.2bUS$22.7b21.3x24x2.6x
Wed, 31 Dec 2025US$585.6bUS$241.4bUS$21.2b22.6x27.6x2.4x
Fri, 28 Nov 2025US$563.8bUS$240.4bUS$21.3b23.4x26.5x2.3x
Sun, 26 Oct 2025US$564.3bUS$239.9bUS$21.6b21.1x26.1x2.4x
Tue, 23 Sep 2025US$490.3bUS$207.0bUS$18.9b21.8x25.9x2.4x
Thu, 21 Aug 2025US$478.9bUS$207.0bUS$18.9b21.7x25.3x2.3x
Sat, 19 Jul 2025US$549.5bUS$205.2bUS$18.7b22.8x29.4x2.7x
Mon, 16 Jun 2025US$562.7bUS$204.0bUS$18.4b25.4x30.5x2.8x
Wed, 14 May 2025US$556.4bUS$204.0bUS$18.0b29.6x30.9x2.7x
Fri, 11 Apr 2025US$513.5bUS$203.4bUS$18.5b26.3x27.8x2.5x
Sun, 09 Mar 2025US$583.7bUS$202.5bUS$18.3b38.8x31.9x2.9x
Tue, 04 Feb 2025US$619.3bUS$202.6bUS$17.9b39.9x34.7x3.1x
Thu, 02 Jan 2025US$555.0bUS$202.4bUS$18.2b35.1x30.5x2.7x
Sat, 30 Nov 2024US$573.9bUS$201.1bUS$17.8b40.8x32.2x2.9x
Mon, 28 Oct 2024US$551.7bUS$202.3bUS$17.4b38.9x31.7x2.7x
Wed, 25 Sep 2024US$546.7bUS$202.7bUS$19.2b36.6x28.5x2.7x
Fri, 23 Aug 2024US$521.0bUS$202.6bUS$19.2b33.6x27.1x2.6x
Sun, 21 Jul 2024US$501.2bUS$203.0bUS$18.8b30.5x26.7x2.5x
Tue, 18 Jun 2024US$449.0bUS$203.3bUS$18.9b27.2x23.8x2.2x
Thu, 16 May 2024US$465.7bUS$203.4bUS$18.3b25.6x25.4x2.3x
Sat, 13 Apr 2024US$498.0bUS$199.2bUS$17.1b23.2x29.1x2.5x
Mon, 11 Mar 2024US$546.3bUS$199.2bUS$17.0b23.2x32.2x2.7x
Wed, 07 Feb 2024US$529.4bUS$199.6bUS$17.0b20x31.2x2.7x
Fri, 05 Jan 2024US$485.0bUS$199.9bUS$16.3b19.4x29.7x2.4x
Sun, 03 Dec 2023US$483.9bUS$199.4bUS$16.3b20.4x29.7x2.4x
Tue, 31 Oct 2023US$417.5bUS$199.4bUS$16.3b17.5x25.6x2.1x
Thu, 28 Sep 2023US$442.5bUS$198.3bUS$11.7b21.6x37.9x2.2x
Sat, 26 Aug 2023US$447.1bUS$198.3bUS$11.7b18.4x38.3x2.3x
Mon, 24 Jul 2023US$441.6bUS$200.5bUS$11.4b24.3x38.6x2.2x
Wed, 21 Jun 2023US$438.4bUS$200.2bUS$11.1b23.9x39.5x2.2x
Fri, 19 May 2023US$406.5bUS$201.7bUS$11.7b21.9x34.8x2x
Sun, 16 Apr 2023US$380.4bUS$193.9bUS$10.7b22.4x35.4x2x
Tue, 14 Mar 2023US$357.0bUS$193.0bUS$10.8b19.9x33.1x1.9x
Price to Earnings Ratio

33.1x


Total Market Cap: US$357.0bTotal Earnings: US$10.8bTotal Revenue: US$193.0bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. IT Consulting Industry Price to Earnings3Y Average 30.2x202420252026
Current Industry PE
  • Investors are pessimistic on the American IT Consulting and Other Services 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 19.5x which is lower than its 3-year average PE of 30.2x.
  • The 3-year average PS ratio of 2.4x is higher than the industry's current PS ratio of 2.1x.
Past Earnings Growth
  • The earnings for companies in the IT Consulting and Other Services industry have grown 28% 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 Comparison

How does U.S. IT Consulting compare with similar industries?

US Market-2.31%
Tech-0.53%
IT4.94%
IT Consulting5.56%
Internet Services and Infrastructure4.32%
Data Processing Services3.45%
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
IBM International Business MachinesUS$258.857.8%
+US$17.5b		-1.0%PE23x
ACN AccentureUS$215.003.0%
+US$3.9b		-37.2%PE17.4x
CTSH Cognizant Technology SolutionsUS$66.262.8%
+US$875.2m		-20.4%PE14.2x
IT GartnerUS$169.007.5%
+US$831.3m		-64.9%PE16.3x
BBAI BigBear.ai HoldingsUS$4.257.3%
+US$294.5m		27.2%PS15.8x

Latest News

GDYN
US$6.65
Grid Dynamics Holdings
7D
-1.6%
1Y
-63.9%
III
US$4.53
Information Services Group
7D
-5.8%
1Y
37.3%

III: Expanded AI And Cybersecurity Research Program Will Support Future Earnings Upside

Analysts have nudged their price target on Information Services Group slightly higher to $7.17, reflecting small tweaks to assumptions around discount rate, revenue growth, profit margin and future P/E, while keeping their overall fair value view effectively unchanged. What's in the News ISG launched a standardized revenue cycle contract management framework for U.S. healthcare providers, aiming to make contracts measurable and governable and citing examples where clients saw up to 50% operating cost savings and multi million dollar revenue gains (Key Developments).
UIS
US$2.37
Unisys
7D
-2.5%
1Y
-43.2%

UIS: 2026 Earnings Guidance Will Support Rebound Despite Compressed Future P/E

Analysts have adjusted their price target on Unisys, setting fair value at $7.00. This reflects updated assumptions around discount rate, revenue growth, profit margin, and future P/E that they see as better aligned with current company fundamentals.
IBM
US$258.85
International Business Machines
7D
7.8%
1Y
-1.0%

IBM: Mainframe And Consulting Execution Will Shape AI Upside And Downside

The analyst price target for International Business Machines has been reduced by about $9 to reflect a slightly higher discount rate and only modest adjustments to long term growth and margin assumptions, as analysts balance recent upgrades and target increases with concerns about slower mainframe and consulting momentum. Analyst Commentary Recent research on International Business Machines reflects a mixed backdrop, with some firms turning more constructive after earlier target hikes and a sharp 2026 share price pullback, and others flagging execution and growth risks around key businesses such as mainframe infrastructure and consulting.
BBAI
US$4.25
BigBear.ai Holdings
7D
7.3%
1Y
27.2%
ACN
US$215.00
Accenture
7D
3.0%
1Y
-37.2%
CTSH
US$66.26
Cognizant Technology Solutions
7D
2.8%
1Y
-20.4%

CTSH: AI Partnerships And New Long Term Deals Will Support Upside

The analyst price target for Cognizant Technology Solutions has been trimmed by less than $1, as analysts balance slightly lower fair value and growth assumptions with recent mixed target changes across the Street and growing interest in the company’s AI traction. Analyst Commentary Recent research on Cognizant Technology Solutions has been active, with several firms adjusting price targets in both directions and a series of fresh initiations and upgrades.
TSSI
US$9.06
TSS
7D
-12.3%
1Y
-4.6%
KD
US$13.19
Kyndryl Holdings
7D
7.0%
1Y
-62.8%

KD: AI Security Services And Buybacks Will Support Future Upside

Analysts have revised their price target on Kyndryl Holdings from $25.33 to $19.00. The change reflects updated views on more moderate revenue growth assumptions, a lower profit margin outlook, and a slightly higher future P/E multiple.
EPAM
US$145.87
EPAM Systems
7D
3.5%
1Y
-26.6%

EPAM: GenAI Execution And Client Recovery Will Drive Transition Rerating

Analysts have lowered their price targets on EPAM Systems, and our updated fair value estimate has moved from about $220.67 to $207.53. This change reflects more tempered assumptions for revenue growth, margins, and future P/E as the company moves through a transition period while building out its AI business.
IT
US$169.00
Gartner
7D
7.5%
1Y
-64.9%

IT: Fair Outlook Will Balance Expanded Buybacks With Reset Earnings Assumptions

Analysts have maintained their $150 price target for Gartner, citing a slightly higher discount rate, a modestly adjusted revenue growth outlook, a small uplift in profit margin, and a lower assumed future P/E multiple as the key factors in their updated assessment. What's in the News From October 1, 2025 to December 31, 2025, Gartner repurchased 2,233,218 shares, representing 3.06% of its shares, for $599.11 million under its existing buyback program.
DOX
US$69.71
Amdocs
7D
-0.1%
1Y
-22.9%

DOX: Reset Guidance And Shareholder Returns Will Support Future Earnings Rebound

Analysts have reduced their price targets for Amdocs by $19 and $9, citing updated views on fair value, discount rate, revenue growth, profit margin and future P/E as the main reasons for the adjustment. Analyst Commentary Recent target cuts suggest analysts are reassessing how they value Amdocs, focusing on what they see as more conservative assumptions for fair value, discount rates, revenue growth, profit margins and future P/E levels.
BNAI
US$56.27
Brand Engagement Network
7D
57.7%
1Y
1,467.4%
CSPI
US$8.71
CSP
7D
-3.3%
1Y
-46.4%
HKIT
US$0.92
Hitek Global
7D
-53.4%
1Y
-24.0%
CTM
US$0.90
Castellum
7D
-8.3%
1Y
-26.2%