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U.S. IT Consulting Industry Analysis

UpdatedJan 07, 2026
DataAggregated Company Financials
Companies85
  • 7D1.3%
  • 3M7.0%
  • 1Y0.6%
  • YTDn/a

Over the last 7 days, the IT Consulting industry has dropped 2.2%, driven by International Business Machines declining 2.3%. In contrast, BigBear.ai Holdings has gained 6.9%. As for the longer term, the industry's performance has been flat for the past year. Looking forward, earnings are forecast to grow by 9.4% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 07 Jan 2026US$568.1bUS$241.4bUS$21.2b23.2x26.8x2.4x
Fri, 05 Dec 2025US$581.6bUS$240.6bUS$21.3b23.8x27.3x2.4x
Sun, 02 Nov 2025US$571.5bUS$239.9bUS$21.3b21.4x26.8x2.4x
Tue, 30 Sep 2025US$505.7bUS$208.2bUS$18.6b21.3x27.1x2.4x
Thu, 28 Aug 2025US$483.2bUS$207.0bUS$18.9b22.8x25.6x2.3x
Sat, 26 Jul 2025US$530.1bUS$206.4bUS$19.0b24.4x27.9x2.6x
Mon, 23 Jun 2025US$545.8bUS$205.2bUS$18.7b23.9x29.2x2.7x
Wed, 21 May 2025US$566.2bUS$204.0bUS$18.4b27.5x30.7x2.8x
Fri, 18 Apr 2025US$505.8bUS$203.5bUS$18.5b26.4x27.4x2.5x
Sun, 16 Mar 2025US$551.0bUS$202.6bUS$18.3b33x30.1x2.7x
Tue, 11 Feb 2025US$619.5bUS$202.6bUS$18.1b38.3x34.1x3.1x
Thu, 09 Jan 2025US$561.9bUS$202.4bUS$18.2b35.9x30.9x2.8x
Sat, 07 Dec 2024US$577.5bUS$201.1bUS$17.8b41.7x32.4x2.9x
Mon, 04 Nov 2024US$535.1bUS$202.4bUS$17.4b43.9x30.7x2.6x
Wed, 02 Oct 2024US$564.1bUS$203.1bUS$19.5b38.3x28.9x2.8x
Fri, 30 Aug 2024US$523.0bUS$202.6bUS$19.2b34.6x27.2x2.6x
Sun, 28 Jul 2024US$510.1bUS$203.2bUS$19.0b30.6x26.8x2.5x
Tue, 25 Jun 2024US$470.7bUS$203.2bUS$18.8b29.3x25x2.3x
Thu, 23 May 2024US$470.0bUS$203.3bUS$18.9b26.5x24.8x2.3x
Sat, 20 Apr 2024US$480.8bUS$199.2bUS$17.1b22x28.1x2.4x
Mon, 18 Mar 2024US$538.7bUS$199.1bUS$17.0b21.3x31.7x2.7x
Wed, 14 Feb 2024US$523.3bUS$199.2bUS$17.1b22.4x30.6x2.6x
Fri, 12 Jan 2024US$493.8bUS$199.8bUS$16.4b19.5x30.1x2.5x
Sun, 10 Dec 2023US$486.1bUS$199.4bUS$16.3b20.4x29.8x2.4x
Tue, 07 Nov 2023US$445.1bUS$199.4bUS$16.2b19.7x27.5x2.2x
Thu, 05 Oct 2023US$435.9bUS$198.8bUS$11.4b18.7x38.4x2.2x
Sat, 02 Sep 2023US$458.9bUS$198.3bUS$11.7b21.3x39.3x2.3x
Mon, 31 Jul 2023US$443.6bUS$200.5bUS$11.4b21.5x38.8x2.2x
Wed, 28 Jun 2023US$422.1bUS$200.6bUS$11.3b22.4x37.3x2.1x
Fri, 26 May 2023US$406.3bUS$201.4bUS$10.4b23.8x39x2x
Sun, 23 Apr 2023US$373.2bUS$193.9bUS$11.0b21.7x33.9x1.9x
Tue, 21 Mar 2023US$357.5bUS$193.0bUS$10.8b20.6x33.2x1.9x
Thu, 16 Feb 2023US$404.2bUS$191.9bUS$10.9b19.9x37x2.1x
Sat, 14 Jan 2023US$405.2bUS$192.9bUS$10.4b19.7x38.9x2.1x
Price to Earnings Ratio

38.9x


Total Market Cap: US$405.2bTotal Earnings: US$10.4bTotal Revenue: US$192.9bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. IT Consulting Industry Price to Earnings3Y Average 31x202420252026
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 26.8x which is lower than its 3-year average PE of 31.0x.
  • The industry is trading close to its 3-year average PS ratio of 2.4x.
Past Earnings Growth
  • The earnings for companies in the IT Consulting and Other Services industry have grown 27% per year over the last three years.
  • Revenues for these companies have grown 7.8% 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 Market1.04%
Tech-0.10%
IT2.15%
IT Consulting1.30%
Internet Services and Infrastructure3.11%
Data Processing Services-0.10%
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$275.932.2%
+US$3.6b		-22.6%PE22.3x
EPAM EPAM SystemsUS$218.385.9%
+US$666.8m		-4.4%PE32.5x
BBAI BigBear.ai HoldingsUS$6.4116.5%
+US$397.3m		61.9%PS19.4x
IBM International Business MachinesUS$302.470.1%
+US$392.6m		35.1%PE35.7x
CTSH Cognizant Technology SolutionsUS$84.620.6%
+US$231.7m		11.9%PE19.2x

Latest News

ACN
US$275.93
Accenture
7D
2.2%
1Y
-22.6%
GLOB
US$70.08
Globant
7D
5.4%
1Y
-67.3%

GLOB: AI Projects And New Model Are Expected To Unlock Future Upside

Analysts have trimmed their price targets on Globant to a narrower range of US$61 to US$80, citing slower organic growth versus peers, exposure to weaker regions and verticals, and the time needed for a new business model and AI related projects to translate into steadier revenue trends. Analyst Commentary Recent Street research around Globant points to a more cautious but still mixed view on the stock, with price targets now clustering between US$61 and US$80 and ratings spreading across Buy, Neutral and Hold.
IBM
US$302.47
International Business Machines
7D
0.1%
1Y
35.1%

IBM: Quantum Potential And Software Execution Will Shape Returns Through Workforce Shift

Analysts made only a modest adjustment to their price targets on International Business Machines, balancing mixed views on near term software momentum with the longer term potential in areas such as quantum computing and higher margin revenue streams. Analyst Commentary Recent research paints a mixed picture for International Business Machines, with some analysts more focused on long term optionality in quantum and others keying in on near term software execution and valuation.
CSPI
US$11.49
CSP
7D
-10.0%
1Y
-33.5%
CTSH
US$84.62
Cognizant Technology Solutions
7D
0.6%
1Y
11.9%
BBAI
US$6.41
BigBear.ai Holdings
7D
16.5%
1Y
61.9%
ASGN
US$48.24
ASGN
7D
-2.1%
1Y
-44.1%

ASGN: AI-Focused Services Will Drive Upside Despite Lower Price Expectations

Analysts have trimmed their price target on ASGN by $12 to reflect softer revenue growth assumptions and a higher discount rate, while still seeing upside potential from the company’s above-consensus long term financial targets and emerging AI opportunities. Analyst Commentary Bullish analysts acknowledge a more conservative valuation framework for ASGN, but emphasize that the latest price target reset still embeds meaningful upside relative to the current share price.
DOX
US$81.92
Amdocs
7D
0.8%
1Y
-2.7%
IT
US$244.78
Gartner
7D
-3.9%
1Y
-50.2%

IT: Share Repurchases Will Drive Future Upside As Core Business Strengthens

Analysts have made a slight downward revision to their price target for Gartner, trimming fair value by about $0.55 per share. This reflects modestly higher discount rate assumptions and marginally lower long term valuation multiples, while growth and margin expectations remain essentially unchanged.
HKIT
US$1.74
Hitek Global
7D
-20.0%
1Y
22.3%
DXC
US$14.65
DXC Technology
7D
-1.6%
1Y
-27.9%

DXC Technology Company (NYSE:DXC) Shares Fly 28% But Investors Aren't Buying For Growth

Dec 19
DXC Technology Company (NYSE:DXC) Shares Fly 28% But Investors Aren't Buying For Growth
EPAM
US$218.38
EPAM Systems
7D
5.9%
1Y
-4.4%

EPAM: Low Recovery Visibility Will Likely Cap Upside Despite Margin Resilience

Analysts have trimmed their fair value estimate for EPAM Systems to $160 from $167 per share. This reflects higher perceived risk and slightly softer revenue growth expectations, partly offset by more resilient margins and a lower projected valuation multiple, as recent Street research highlights both limited visibility into recovery and potential upside to near term estimates.
GDYN
US$9.89
Grid Dynamics Holdings
7D
7.7%
1Y
-54.2%

GDYN: AI Fears Will Fade As Margin Expansion Drives Future Upside

Analysts have modestly lowered their price target on Grid Dynamics Holdings from $15.00 to $14.00 per share, citing slightly slower expected revenue growth, offset by improving profit margins and a view that current artificial-intelligence-related valuation fears are transient. Analyst Commentary Bullish analysts note that recent coverage initiations reinforce a constructive view on Grid Dynamics, highlighting an attractive entry point relative to long term growth prospects.
RSSS
US$2.73
Research Solutions
7D
-7.1%
1Y
-32.6%
FUSE
US$1.70
Fusemachines
7D
-6.1%
1Y
-85.3%
UBXG
US$1.93
U-BX Technology
7D
-5.4%
1Y
-42.7%