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U.S. IT Consulting Industry Analysis

UpdatedJul 20, 2026
DataAggregated Company Financials
Companies78
  • 7D-17.2%
  • 3M-20.9%
  • 1Y-36.6%
  • YTDn/a

Over the last 7 days, the IT Consulting industry has dropped 17%, driven by a pullback from International Business Machines of 27%. However, the industry is down 37% over the past year. As for the next few years, earnings are expected to grow by 8.7% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 21 Jul 2026US$345.7bUS$211.7bUS$21.0b12.7x16.5x1.6x
Thu, 18 Jun 2026US$404.2bUS$210.6bUS$21.1b12.7x19.1x1.9x
Sat, 16 May 2026US$351.8bUS$210.7bUS$21.6b14.5x16.3x1.7x
Mon, 13 Apr 2026US$394.8bUS$215.1bUS$22.6b14.4x17.4x1.8x
Wed, 11 Mar 2026US$443.1bUS$213.7bUS$22.6b15.8x19.6x2.1x
Fri, 06 Feb 2026US$504.2bUS$213.4bUS$22.8b18.9x22.1x2.4x
Sun, 04 Jan 2026US$560.5bUS$241.4bUS$21.2b21.6x26.5x2.3x
Tue, 02 Dec 2025US$571.1bUS$240.4bUS$21.3b23.1x26.9x2.4x
Thu, 30 Oct 2025US$574.4bUS$239.9bUS$21.6b21.1x26.6x2.4x
Sat, 27 Sep 2025US$499.2bUS$208.2bUS$18.6b20.9x26.8x2.4x
Mon, 25 Aug 2025US$484.2bUS$207.0bUS$18.9b22.6x25.6x2.3x
Wed, 23 Jul 2025US$550.8bUS$205.3bUS$18.7b22.9x29.5x2.7x
Fri, 20 Jun 2025US$564.2bUS$204.0bUS$18.4b24.7x30.6x2.8x
Sun, 18 May 2025US$563.4bUS$204.0bUS$18.4b27.5x30.6x2.8x
Tue, 15 Apr 2025US$502.1bUS$203.4bUS$18.5b26.9x27.2x2.5x
Thu, 13 Mar 2025US$559.9bUS$202.5bUS$18.3b36.8x30.6x2.8x
Sat, 08 Feb 2025US$622.7bUS$202.6bUS$18.2b35.8x34.3x3.1x
Mon, 06 Jan 2025US$559.4bUS$202.4bUS$18.2b35.2x30.7x2.8x
Wed, 04 Dec 2024US$573.2bUS$201.1bUS$17.8b40.6x32.1x2.9x
Fri, 01 Nov 2024US$532.3bUS$202.4bUS$17.4b41.9x30.5x2.6x
Sun, 29 Sep 2024US$560.0bUS$203.1bUS$19.5b37.3x28.7x2.8x
Tue, 27 Aug 2024US$518.9bUS$202.6bUS$19.2b34.4x27x2.6x
Thu, 25 Jul 2024US$503.1bUS$203.0bUS$18.8b30.6x26.8x2.5x
Sat, 22 Jun 2024US$469.4bUS$203.2bUS$18.8b29.5x25x2.3x
Mon, 20 May 2024US$465.7bUS$203.3bUS$18.9b26.2x24.7x2.3x
Wed, 17 Apr 2024US$482.0bUS$199.2bUS$17.1b21.9x28.1x2.4x
Fri, 15 Mar 2024US$548.2bUS$199.1bUS$17.0b21.9x32.3x2.8x
Sun, 11 Feb 2024US$535.9bUS$199.2bUS$17.1b22.7x31.3x2.7x
Tue, 09 Jan 2024US$483.3bUS$199.9bUS$16.4b19.2x29.6x2.4x
Thu, 07 Dec 2023US$481.7bUS$199.4bUS$16.3b20.3x29.5x2.4x
Sat, 04 Nov 2023US$444.8bUS$199.4bUS$16.2b19.4x27.4x2.2x
Mon, 02 Oct 2023US$434.7bUS$198.8bUS$11.4b21.4x38.3x2.2x
Wed, 30 Aug 2023US$453.5bUS$198.3bUS$11.7b20.4x38.8x2.3x
Fri, 28 Jul 2023US$445.3bUS$200.5bUS$11.4b22.8x39x2.2x
Price to Earnings Ratio

39x


Total Market Cap: US$445.3bTotal Earnings: US$11.4bTotal Revenue: US$200.5bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. IT Consulting Industry Price to Earnings3Y Average 28x202420252026
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 16.5x which is lower than its 3-year average PE of 28.1x.
  • The 3-year average PS ratio of 2.4x is higher than the industry's current PS ratio of 1.6x.
Past Earnings Growth
  • The earnings for companies in the IT Consulting and Other Services industry have grown 22% per year over the last three years, while revenues have remained mostly flat.
  • This means that companies overall are more efficiently conducting business since profits are increasing while sales have been flat.

Industry Comparison

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

US Market-1.36%
Tech-2.63%
IT-8.79%
IT Consulting-17.21%
Data Processing Services0.39%
Internet Services and Infrastructure-2.43%
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
ACN AccentureUS$144.734.5%
+US$3.8b		-48.8%PE11.4x
CTSH Cognizant Technology SolutionsUS$44.641.1%
+US$227.5m		-40.8%PE9.5x
EPAM EPAM SystemsUS$89.403.5%
+US$157.8m		-46.0%PE12.1x
DOX AmdocsUS$53.190.8%
+US$45.7m		-39.6%PE10.3x
GLOB GlobantUS$32.290.5%
+US$7.3m		-62.3%PE12.8x

Latest News

TSSI
US$9.08
TSS
7D
-19.0%
1Y
-64.1%
GLOB
US$32.29
Globant
7D
0.5%
1Y
-62.3%
Seeking Alpha • Jul 19

Globant: A Strong Way To Play The 'Software Isn't Dead' Case

Summary Globant (GLOB) faces existential risk from generative AI, but current valuation at ~5x earnings may overstate the threat. GLOB's business is not collapsing: revenue rose 1.6% last year, and the company remains scalable with a solid balance sheet and ongoing buybacks. The pace of AI disruption is critical; a slower transition allows GLOB to adapt, find profitable niches, and mitigate downside risk. While risks remain high, the market may be overpricing immediate obsolescence, creating a contrarian opportunity if AI adoption proves slower or messier. Read the full article on Seeking Alpha
KD
US$12.22
Kyndryl Holdings
7D
-0.8%
1Y
-68.7%
ACN
US$144.73
Accenture
7D
4.5%
1Y
-48.8%
New Narrative • Jul 19

Accenture at $143 is a Coiled Spring

Wall Street is panicking over short-term IT budget freezes and the myth that AI will kill traditional consulting. They’ve severely mispriced a premier global monopoly, creating the ultimate contrarian entry point.
IBM
US$213.00
International Business Machines
7D
-26.6%
1Y
-25.2%
QNT
US$57.35
Quantinuum
7D
-10.5%
1Y
n/a
Seeking Alpha • Jul 16

Quantinuum: Our Quantum Future Is (Not) Now

Summary With a credible execution record, Quantinuum leads in trapped-ion quantum computing, but its valuations are absurdly stretched. QNT's $1.68B IPO and $17.41B market cap far outpace its $31M FY25 revenue, reflecting high expectations for a distant "future dominance." Despite strong technology and peer-reviewed breakthroughs, QNT faces fierce competition, rising R&D costs, and a December insider lockup expiration. I recommend waiting until January 2027 to consider QNT, when its tech superiority can be had for a better price. Read the full article on Seeking Alpha
BBAI
US$2.82
BigBear.ai Holdings
7D
-8.7%
1Y
-61.9%
Narrative Update • Jul 16

BBAI: Defense AI Contracts And Debt Reduction Will Support 2026 Outlook

Analysts have trimmed their 12 month price target for BigBear.ai Holdings slightly to $5.00. This reflects updated assumptions around fair value, discount rates, revenue growth, profit margins and future P/E expectations.
UIS
US$3.63
Unisys
7D
-12.3%
1Y
-14.2%
Narrative Update • Jul 13

UIS: AI Infrastructure Partnerships And High-Margin Segments Will Support Turnaround Potential

Analysts have lifted their price target for Unisys to $6 from $4, pointing to a clearer multi-segment story and potential benefits from AI-related infrastructure work, as well as encouragement from trends in the higher-margin ClearPath and CA&I segments. What's in the News for Unisys Unisys announced a partnership with Antenna to embed independent third party benchmarks into its applications and services, aiming to give clients data driven visibility into AI assisted software development performance and token usage.
EFOR
US$18.35
Everforth
7D
0.4%
1Y
-62.0%
CTSH
US$44.64
Cognizant Technology Solutions
7D
1.1%
1Y
-40.8%
DXC
US$9.33
DXC Technology
7D
-3.9%
1Y
-35.0%
Narrative Update • Jul 11

DXC: AI And Cloud Execution Will Offset Revenue Declines And Legal Risks

The analyst price target for DXC Technology has been revised from $13.00 to $9.00 as analysts factor in softer expected revenue, a higher discount rate, improved profit margin assumptions, and a lower future P/E multiple in their valuation work. What’s in the News for DXC Technology DXC Technology reported weaker than expected Q4 and full year 2026 results, with revenue declining 1.2% and bookings declining 13.5% year over year, missing organic revenue guidance by US$75 million and guiding fiscal 2027 revenue to decline 3% to 5%.
DOX
US$53.19
Amdocs
7D
0.8%
1Y
-39.6%
EPAM
US$89.40
EPAM Systems
7D
3.5%
1Y
-46.0%
Narrative Update • Jul 10

EPAM: AI Partnerships And Client Wins Will Offset Coding Automation Risks

EPAM Systems' fair value estimate has been revised to $99 from $110 as analysts trim price targets in response to sector-wide caution around geopolitical uncertainty, elongated decision cycles, and the growing impact of AI-led coding on traditional IT services demand. Analyst Commentary Recent Street research on EPAM Systems highlights a clear shift toward caution, with several bearish analysts revisiting ratings and valuation assumptions as they factor in geopolitical uncertainty, slower client decision making, and the impact of AI-led coding on traditional IT services work.
MLGO
US$4.04
MicroAlgo
7D
4.9%
1Y
-71.8%
TGHL
US$0.73
Growhub
7D
15.4%
1Y
n/a
ATGL
US$9.10
Alpha Technology Group
7D
-13.7%
1Y
-58.6%