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U.S. IT Consulting Industry Analysis

UpdatedMay 23, 2026
DataAggregated Company Financials
Companies76
  • 7D12.0%
  • 3M-8.3%
  • 1Y-22.8%
  • YTDn/a

Over the last 7 days, the IT Consulting industry has risen 12%, driven by gains from International Business Machines of 16%. Meanwhile, CI&T actually underperformed within the industry, shrinking 10% in the last week. In contrast, the industry has lost 23% in the last 12 months. Looking forward, earnings are forecast to grow by 7.9% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 24 May 2026US$397.0bUS$210.6bUS$21.1b15.9x18.8x1.9x
Tue, 21 Apr 2026US$431.5bUS$215.1bUS$22.7b15.7x19x2x
Thu, 19 Mar 2026US$435.9bUS$213.7bUS$22.6b15.5x19.3x2x
Sat, 14 Feb 2026US$456.1bUS$213.6bUS$22.5b18.1x20.3x2.1x
Mon, 12 Jan 2026US$592.6bUS$241.2bUS$21.2b24x28x2.5x
Wed, 10 Dec 2025US$586.6bUS$240.5bUS$21.3b24.5x27.6x2.4x
Fri, 07 Nov 2025US$570.5bUS$240.4bUS$21.0b19x27.2x2.4x
Sun, 05 Oct 2025US$545.4bUS$239.6bUS$19.6b21.4x27.8x2.3x
Tue, 02 Sep 2025US$486.0bUS$207.0bUS$18.9b23.1x25.7x2.3x
Thu, 31 Jul 2025US$527.9bUS$206.4bUS$19.0b22.5x27.7x2.6x
Sat, 28 Jun 2025US$566.8bUS$205.3bUS$18.7b24.4x30.3x2.8x
Mon, 26 May 2025US$547.6bUS$204.0bUS$18.4b26.9x29.7x2.7x
Wed, 23 Apr 2025US$497.3bUS$203.4bUS$18.5b26.2x26.9x2.4x
Fri, 21 Mar 2025US$558.4bUS$203.4bUS$18.4b31.7x30.3x2.7x
Sun, 16 Feb 2025US$630.4bUS$202.5bUS$18.2b40.2x34.7x3.1x
Tue, 14 Jan 2025US$552.0bUS$202.4bUS$18.2b33.6x30.3x2.7x
Thu, 12 Dec 2024US$577.8bUS$201.1bUS$17.8b40x32.4x2.9x
Sat, 09 Nov 2024US$559.0bUS$202.0bUS$17.7b41.6x31.5x2.8x
Mon, 07 Oct 2024US$564.2bUS$202.2bUS$19.4b42.3x29x2.8x
Wed, 04 Sep 2024US$531.1bUS$202.6bUS$19.2b33.7x27.6x2.6x
Fri, 02 Aug 2024US$515.4bUS$202.8bUS$19.3b30.6x26.7x2.5x
Sun, 30 Jun 2024US$468.0bUS$203.2bUS$18.8b28.5x24.9x2.3x
Tue, 28 May 2024US$463.6bUS$203.3bUS$18.9b28.3x24.6x2.3x
Thu, 25 Apr 2024US$483.2bUS$199.2bUS$17.1b21.5x28.2x2.4x
Sat, 23 Mar 2024US$511.9bUS$199.1bUS$17.1b21.3x29.9x2.6x
Mon, 19 Feb 2024US$535.0bUS$199.3bUS$17.0b22.8x31.5x2.7x
Wed, 17 Jan 2024US$509.7bUS$199.8bUS$16.4b20.1x31x2.6x
Fri, 15 Dec 2023US$495.6bUS$199.4bUS$16.3b19.4x30.4x2.5x
Sun, 12 Nov 2023US$445.4bUS$199.3bUS$16.3b20x27.3x2.2x
Tue, 10 Oct 2023US$440.6bUS$198.8bUS$11.4b19.7x38.8x2.2x
Thu, 07 Sep 2023US$457.5bUS$198.3bUS$11.7b21.1x39.2x2.3x
Sat, 05 Aug 2023US$441.5bUS$198.4bUS$11.6b21.9x38x2.2x
Mon, 03 Jul 2023US$430.7bUS$200.6bUS$11.3b23.6x38.1x2.1x
Wed, 31 May 2023US$426.0bUS$200.1bUS$11.1b23.7x38.4x2.1x
Price to Earnings Ratio

38.4x


Total Market Cap: US$426.0bTotal Earnings: US$11.1bTotal Revenue: US$200.1bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. IT Consulting Industry Price to Earnings3Y Average 29.1x202420252026
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 18.8x which is lower than its 3-year average PE of 29.1x.
  • The 3-year average PS ratio of 2.4x is higher than the industry's current PS ratio of 1.9x.
Past Earnings Growth
  • The earnings for companies in the IT Consulting and Other Services industry have grown 24% 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 Market1.01%
Tech1.55%
IT6.88%
IT Consulting12.02%
Data Processing Services4.88%
Internet Services and Infrastructure2.90%
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$253.8415.8%
+US$32.5b		-1.9%PE22.2x
ACN AccentureUS$179.246.2%
+US$6.4b		-42.1%PE14.4x
CTSH Cognizant Technology SolutionsUS$52.7511.9%
+US$2.7b		-33.3%PE11.2x
IT GartnerUS$160.019.4%
+US$922.6m		-63.5%PE14.5x
EPAM EPAM SystemsUS$102.6910.4%
+US$505.2m		-41.6%PE13.9x

Latest News

DOX
US$62.66
Amdocs
7D
3.4%
1Y
-31.4%
DAVA
US$3.33
Endava
7D
-13.3%
1Y
-76.5%
DXC
US$9.50
DXC Technology
7D
6.3%
1Y
-35.6%
Analysis Article • May 22

DXC Technology's (NYSE:DXC) Conservative Accounting Might Explain Soft Earnings

DXC Technology Company's ( NYSE:DXC ) earnings announcement last week didn't impress shareholders. Despite the soft...
ACN
US$179.24
Accenture
7D
6.2%
1Y
-42.1%
RSSS
US$2.25
Research Solutions
7D
-5.9%
1Y
-20.8%
IBM
US$253.84
International Business Machines
7D
15.8%
1Y
-1.9%
Narrative Update • May 21

Software now ~45% of revenue

I have instructed Copiot to make this update using the data published today by IBM: Think 2026: true McKinsey / PE-grade Investment Committee pack , adding the pieces that actually drive decisions: valuation, IRR framing, comparables, and a crisp IC decision page. IBM – Investment Committee Pack (PE / McKinsey Grade) 1.
FUSE
US$1.41
Fusemachines
7D
-13.0%
1Y
-88.1%
CTSH
US$52.75
Cognizant Technology Solutions
7D
11.9%
1Y
-33.3%
Narrative Update • May 20

CTSH: GenAI Offerings And Buybacks Will Support Future Upside

Analysts have trimmed their implied fair value for Cognizant Technology Solutions from about $82.06 to $72.52, reflecting a series of reduced price targets across the Street as they factor in changes in peer group valuations and expectations for growth, margins, discount rates, and future P/E levels. Analyst Commentary Recent Street research on Cognizant reflects a broad reset of expectations, with multiple firms lowering price targets and, in several cases, reiterating more neutral ratings rather than moving to outright positive or negative calls.
EPAM
US$102.69
EPAM Systems
7D
10.4%
1Y
-41.6%
CINT
US$3.33
CI&T
7D
-10.5%
1Y
-47.1%
UIS
US$2.95
Unisys
7D
-1.3%
1Y
-38.0%
Narrative Update • May 17

UIS: Framework Wins And Partnerships Will Offset Weaker Margins And Growth Assumptions

Analysts have reset their price target on Unisys to $3.00, reflecting updated assumptions for slower revenue growth, lower profit margins, and a higher future P/E multiple, while keeping the fair value estimate unchanged at $3.00. What's in the News Unisys has been selected across all 6 lots of the UK Government Crown Commercial Service Technology Services 4 framework, giving it access to public sector clients across central government, healthcare, local authorities and emergency services under a pre-vetted procurement structure (Key Developments).
IT
US$160.01
Gartner
7D
9.4%
1Y
-63.5%
KD
US$12.29
Kyndryl Holdings
7D
8.6%
1Y
-68.4%
ATGL
US$15.00
Alpha Technology Group
7D
-7.4%
1Y
-44.0%
CHOW
US$0.38
ChowChow Cloud International Holdings
7D
-10.1%
1Y
n/a
BNAI
US$18.51
Brand Engagement Network
7D
-17.2%
1Y
614.5%