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U.S. IT Consulting Industry Analysis

UpdatedAug 19, 2026
DataAggregated Company Financials
Companies75
  • 7D-2.3%
  • 3M1.3%
  • 1Y-17.8%
  • YTDn/a

Over the last 7 days, the IT Consulting industry has dropped 2.8%, driven by a pullback from International Business Machines of 2.4%. Meanwhile, Quantinuum actually outperformed within the industry, gaining 17% in the last week. Overall the industry is down 18% in 12 months. Looking forward, earnings are forecast to grow by 8.2% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 19 Aug 2026US$387.3bUS$212.3bUS$21.2b14.2x18.3x1.8x
Fri, 17 Jul 2026US$340.4bUS$211.7bUS$21.0b12.7x16.2x1.6x
Sun, 14 Jun 2026US$409.0bUS$210.6bUS$21.1b13.7x19.4x1.9x
Tue, 12 May 2026US$375.7bUS$210.3bUS$21.7b15.6x17.4x1.8x
Thu, 09 Apr 2026US$423.2bUS$215.1bUS$22.6b15.1x18.7x2x
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
Price to Earnings Ratio

38.3x


Total Market Cap: US$447.1bTotal 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 Market-0.35%
Tech-0.93%
IT-2.39%
IT Consulting-2.35%
Data Processing Services0.37%
Internet Services and Infrastructure-2.42%
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$59.506.1%
+US$169.5m		n/aPS95.6x
DOX AmdocsUS$57.880.7%
+US$41.4m		-33.8%PE13.5x
EPAM EPAM SystemsUS$100.250.4%
+US$18.1m		-40.2%PE12.9x
BNAI Brand Engagement NetworkUS$15.853.9%
+US$15.2m		412.0%PS226.3x
MF MindForgeUS$12.5119.1%
+US$3.7m		-87.2%PS0.9x

Latest News

BBAI
US$3.12
BigBear.ai Holdings
7D
-6.3%
1Y
-43.3%
IBM
US$232.67
International Business Machines
7D
-2.4%
1Y
-3.6%
Seeking Alpha • 23h

IBM: Big Blue Sees Red Hat; Mainframe Headwinds, Software Tailwinds

Summary International Business Machines Corporation is rated a cautious Buy, appearing fairly valued after a sharp drop driven by a 42% Q2 2026 mainframe sales decline. Software, now 45% of revenue and 80% recurring, is IBM’s main growth engine, with Red Hat and automation segments offering durable expansion opportunities. IBM’s acquisition-driven hybrid and multi-cloud software strategy is compelling, but high purchase multiples leave little margin for execution error. Execution risk on recent acquisitions and rising debt warrants close monitoring, as FCF and ROIC growth may lag invested capital in the near term. Read the full article on Seeking Alpha
CTSH
US$57.78
Cognizant Technology Solutions
7D
-0.7%
1Y
-18.0%
Narrative Update • Aug 18

CTSH: AI Builder Wins And Large Deals Will Drive Future Repricing

Cognizant Technology Solutions' analyst fair value estimate has been updated from $108.00 to about $83.70, reflecting analysts' revised expectations for revenue growth, margins, and future P/E following a mix of reduced and raised price targets across the Street. Analyst Commentary Recent research on Cognizant Technology Solutions highlights a wide range of views, with several bullish analysts pointing to improving execution, solid bookings, and sector relative value as key supports for the stock's valuation.
BNAI
US$15.85
Brand Engagement Network
7D
3.9%
1Y
412.0%
ACN
US$172.93
Accenture
7D
-3.8%
1Y
-32.4%
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$59.50
Quantinuum
7D
6.1%
1Y
n/a
DOX
US$57.88
Amdocs
7D
0.7%
1Y
-33.8%
GLOB
US$37.31
Globant
7D
-4.3%
1Y
-45.7%
KD
US$12.33
Kyndryl Holdings
7D
-7.7%
1Y
-59.0%
EFOR
US$30.79
Everforth
7D
-6.2%
1Y
-41.5%
IT
US$182.07
Gartner
7D
-2.8%
1Y
-25.0%
CTM
US$0.62
Castellum
7D
1.8%
1Y
-39.6%
EPAM
US$100.25
EPAM Systems
7D
0.4%
1Y
-40.2%
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...
RSSS
US$2.23
Research Solutions
7D
5.2%
1Y
-21.5%
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$12.51
MindForge
7D
19.1%
1Y
-87.2%
CHOW
US$0.38
ChowChow Cloud International Holdings
7D
7.7%
1Y
n/a