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U.S. IT Consulting Industry Analysis

UpdatedAug 17, 2026
DataAggregated Company Financials
Companies74
  • 7D-0.2%
  • 3M3.8%
  • 1Y-15.3%
  • YTDn/a

Last week, the IT Consulting industry hasn't moved much but Quantinuum is up 12% in that time. As for the longer term, the industry has declined 15% in the last year. 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
Mon, 17 Aug 2026US$397.1bUS$212.3bUS$21.2b14.2x18.8x1.9x
Wed, 15 Jul 2026US$417.5bUS$211.7bUS$21.0b12.2x19.9x2x
Fri, 12 Jun 2026US$408.8bUS$210.6bUS$21.1b13.4x19.4x1.9x
Sun, 10 May 2026US$378.5bUS$210.3bUS$21.7b14.5x17.5x1.8x
Tue, 07 Apr 2026US$430.2bUS$215.1bUS$22.6b15.1x19x2x
Thu, 05 Mar 2026US$435.1bUS$213.7bUS$22.6b17.3x19.3x2x
Sat, 31 Jan 2026US$545.3bUS$213.2bUS$22.7b21.3x24x2.6x
Mon, 29 Dec 2025US$585.6bUS$241.4bUS$21.2b21.2x27.6x2.4x
Wed, 26 Nov 2025US$561.3bUS$240.3bUS$21.3b23.6x26.4x2.3x
Fri, 24 Oct 2025US$542.6bUS$239.9bUS$21.6b21x25.1x2.3x
Sun, 21 Sep 2025US$489.7bUS$207.0bUS$18.9b21.8x25.9x2.4x
Tue, 19 Aug 2025US$470.9bUS$207.0bUS$18.9b21.8x24.9x2.3x
Thu, 17 Jul 2025US$540.9bUS$205.2bUS$18.7b23x28.9x2.6x
Sat, 14 Jun 2025US$572.8bUS$204.0bUS$18.4b25.4x31.1x2.8x
Mon, 12 May 2025US$538.8bUS$204.0bUS$18.0b28.5x30x2.6x
Wed, 09 Apr 2025US$489.4bUS$203.4bUS$18.5b25.4x26.5x2.4x
Fri, 07 Mar 2025US$580.7bUS$202.7bUS$18.2b37.4x32x2.9x
Sun, 02 Feb 2025US$619.3bUS$202.6bUS$17.9b39.3x34.7x3.1x
Tue, 31 Dec 2024US$562.2bUS$202.4bUS$18.2b35.2x30.9x2.8x
Thu, 28 Nov 2024US$576.7bUS$201.1bUS$17.8b40.8x32.3x2.9x
Sat, 26 Oct 2024US$557.8bUS$202.3bUS$17.4b38.9x32.1x2.8x
Mon, 23 Sep 2024US$541.4bUS$202.7bUS$19.2b37.8x28.2x2.7x
Wed, 21 Aug 2024US$514.9bUS$202.6bUS$19.2b35.3x26.8x2.5x
Fri, 19 Jul 2024US$503.5bUS$203.0bUS$18.8b30.5x26.8x2.5x
Sun, 16 Jun 2024US$449.0bUS$203.3bUS$18.9b27.6x23.8x2.2x
Tue, 14 May 2024US$466.4bUS$203.4bUS$18.3b25.6x25.5x2.3x
Thu, 11 Apr 2024US$508.3bUS$199.2bUS$17.1b23.3x29.6x2.6x
Sat, 09 Mar 2024US$546.3bUS$199.2bUS$17.0b23.2x32.2x2.7x
Mon, 05 Feb 2024US$538.5bUS$200.3bUS$16.9b21.1x31.8x2.7x
Wed, 03 Jan 2024US$494.6bUS$199.9bUS$16.3b20.2x30.3x2.5x
Fri, 01 Dec 2023US$475.4bUS$199.4bUS$16.3b20.3x29.1x2.4x
Sun, 29 Oct 2023US$414.9bUS$199.5bUS$16.3b17.5x25.5x2.1x
Tue, 26 Sep 2023US$449.7bUS$198.3bUS$11.7b22.5x38.5x2.3x
Thu, 24 Aug 2023US$443.7bUS$198.3bUS$11.7b18.3x38x2.2x
Price to Earnings Ratio

38x


Total Market Cap: US$443.7bTotal Earnings: US$11.7bTotal Revenue: US$198.3bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. IT Consulting Industry Price to Earnings3Y Average 27.5x202420252026
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 27.5x.
  • 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 22% per year over the last three years.
  • Revenues for these companies have grown 2.3% 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 Market0.63%
Tech0.50%
IT2.59%
IT Consulting-0.16%
Internet Services and Infrastructure4.33%
Data Processing Services1.04%
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
QNT QuantinuumUS$63.5912.4%
+US$457.9m		n/aPS102.1x
CTSH Cognizant Technology SolutionsUS$58.790.8%
+US$216.2m		-16.1%PE11.9x
EPAM EPAM SystemsUS$100.503.2%
+US$161.5m		-38.9%PE12.9x
BNAI Brand Engagement NetworkUS$15.9012.6%
+US$23.3m		409.5%PS227x
BBAI BigBear.ai HoldingsUS$3.271.2%
+US$19.2m		-44.1%PS11.9x

Latest News

CTSH
US$58.79
Cognizant Technology Solutions
7D
0.8%
1Y
-16.1%
IBM
US$234.32
International Business Machines
7D
-0.8%
1Y
-2.1%
New Narrative • Aug 16

Why I See IBM as a Long-Term Enterprise AI and Hybrid Cloud Play

My investment thesis on IBM is based on its transition from a traditional technology company into a hybrid cloud, enterprise AI and cybersecurity platform. I see IBM’s strength not in competing directly for the most advanced AI model, but in helping large organisations integrate AI securely into complex existing systems.
GDYN
US$7.75
Grid Dynamics Holdings
7D
1.2%
1Y
-1.5%
Narrative Update • Aug 16

GDYN: AI-Led Coding Advances Will Pressure Future Earnings Power

Analysts nudged the fair value estimate for Grid Dynamics Holdings higher, with the implied price target rising by $1.00 to $9.00. They cited recent price target increases from TD Cowen and JPMorgan, along with research that points to slightly firmer revenue growth, margins, and a higher assumed future P/E multiple.
BNAI
US$15.90
Brand Engagement Network
7D
12.6%
1Y
409.5%
ACN
US$176.89
Accenture
7D
-0.8%
1Y
-29.0%
Seeking Alpha • Aug 15

Accenture: AI Beneficiary At A Discount

Summary Accenture is trading at a rare value, with a 12.8x forward P/E and a 3.7% yield, well below its historical valuation. ACN demonstrated resilient Q3 performance with 9% EPS growth and an A+ profitability grade, despite market volatility and AI disruption fears. AI adoption is a key long-term driver, with ACN embedding AI in client solutions and securing more $100M+ bookings, supporting sticky client relationships. I rate ACN a 'Buy' due to its financial strength, entrenched client base, and discounted valuation, positioning for double-digit total returns as AI deployments scale. Read the full article on Seeking Alpha
QNT
US$63.59
Quantinuum
7D
12.4%
1Y
n/a
TSSI
US$9.68
TSS
7D
-16.5%
1Y
-36.5%
New Narrative • Aug 15

AI Infrastructure Dependence And Underutilization Risks Will Test This Cash-Rich Undervalued Player

Catalysts About TSS TSS provides procurement, systems integration and facilities management services for data center and AI or high performance computing infrastructure. What are the underlying business or industry changes driving this perspective?
DOX
US$58.22
Amdocs
7D
-0.6%
1Y
-33.1%
GLOB
US$37.38
Globant
7D
-3.0%
1Y
-45.3%
KD
US$13.17
Kyndryl Holdings
7D
-3.4%
1Y
-56.6%
IT
US$181.09
Gartner
7D
-6.3%
1Y
-24.2%
EPAM
US$100.50
EPAM Systems
7D
3.2%
1Y
-38.9%
Analysis Article • Aug 09

EPAM Systems, Inc. Just Recorded A 5.9% EPS Beat: Here's What Analysts Are Forecasting Next

EPAM Systems, Inc. ( NYSE:EPAM ) shareholders are probably feeling a little disappointed, since its shares fell 7.7% to...
BBAI
US$3.27
BigBear.ai Holdings
7D
1.2%
1Y
-44.1%
RSSS
US$2.32
Research Solutions
7D
7.4%
1Y
-19.2%
Narrative Update • Jun 26

RSSS: Cost Discipline And Healthier Revenue Mix Will Support Rebound

Analysts have trimmed their average price target on Research Solutions from about $5.33 to roughly $3.83, citing mixed quarterly results, softer revenue trends, churn challenges and updated assumptions for revenue growth, margins and future P/E, even as they also note improving cost controls and a healthier revenue mix. Analyst Commentary Recent commentary on Research Solutions reflects a mix of optimism about execution and cost discipline alongside concern about slower revenue and churn, which together have fed into lower price targets and a reset in valuation expectations.
MF
US$13.00
MindForge
7D
27.6%
1Y
-83.8%
ATGL
US$7.15
Alpha Technology Group
7D
-23.5%
1Y
-62.5%