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U.S. IT Industry Analysis

UpdatedAug 24, 2025
DataAggregated Company Financials
Companies109
  • 7D1.2%
  • 3M-1.2%
  • 1Y16.1%
  • YTD4.2%

In the last week, the IT industry is up 1.2%, with Accenture up 4.9%. During this same period, the CoreWeave underperformed, falling 6.0%. In the last 12 months, the industry was up 16%. As for the next few years, earnings are expected to grow by 18% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 24 Aug 2025US$953.0bUS$250.5bUS$19.3b30.8x49.5x3.8x
Tue, 22 Jul 2025US$1.0tUS$241.7bUS$17.3b27.9x57.9x4.2x
Thu, 19 Jun 2025US$1.0tUS$240.4bUS$17.1b27.2x58.6x4.2x
Sat, 17 May 2025US$937.0bUS$239.9bUS$16.9b29.7x55.4x3.9x
Mon, 14 Apr 2025US$808.0bUS$242.3bUS$18.5b32.5x43.8x3.3x
Wed, 12 Mar 2025US$885.2bUS$239.9bUS$18.3b41x48.3x3.7x
Fri, 07 Feb 2025US$998.5bUS$234.1bUS$16.3b45.4x61.4x4.3x
Sun, 05 Jan 2025US$871.5bUS$234.0bUS$16.5b49.1x53x3.7x
Tue, 03 Dec 2024US$894.5bUS$233.1bUS$16.3b46.8x55x3.8x
Thu, 31 Oct 2024US$794.7bUS$232.9bUS$15.7b43.2x50.5x3.4x
Sat, 28 Sep 2024US$805.3bUS$233.8bUS$17.8b40.3x45.2x3.4x
Mon, 26 Aug 2024US$752.0bUS$233.1bUS$17.4b34.1x43.1x3.2x
Wed, 24 Jul 2024US$743.7bUS$236.9bUS$17.2b29.8x43.3x3.1x
Fri, 21 Jun 2024US$681.9bUS$237.2bUS$17.3b27.4x39.5x2.9x
Sun, 19 May 2024US$716.7bUS$236.8bUS$17.3b25.3x41.5x3x
Tue, 16 Apr 2024US$735.7bUS$227.8bUS$13.7b24.4x53.5x3.2x
Thu, 14 Mar 2024US$815.3bUS$227.8bUS$14.4b23.1x56.7x3.6x
Sat, 10 Feb 2024US$856.9bUS$226.8bUS$13.1b22.7x65.4x3.8x
Mon, 08 Jan 2024US$758.6bUS$229.5bUS$12.8b20x59.1x3.3x
Wed, 06 Dec 2023US$759.7bUS$228.9bUS$12.7b21.3x59.6x3.3x
Fri, 03 Nov 2023US$636.8bUS$228.1bUS$12.1b20.6x52.6x2.8x
Sun, 01 Oct 2023US$662.3bUS$227.2bUS$6.5b24.3x102.4x2.9x
Tue, 29 Aug 2023US$674.4bUS$226.3bUS$6.6b21.2x101.9x3x
Thu, 27 Jul 2023US$694.7bUS$228.6bUS$6.2b25.5x112x3x
Sat, 24 Jun 2023US$661.8bUS$228.6bUS$6.1b23.4x107.8x2.9x
Mon, 22 May 2023US$639.0bUS$229.1bUS$5.1b21.8x124.9x2.8x
Wed, 19 Apr 2023US$595.9bUS$225.6bUS$2.5b23.8x243x2.6x
Fri, 17 Mar 2023US$1.9tUS$463.9bUS$22.5b24.5x83.9x4.1x
Sun, 12 Feb 2023US$2.0tUS$459.8bUS$40.7b26.8x50x4.4x
Tue, 10 Jan 2023US$2.0tUS$458.0bUS$39.2b28.7x50x4.3x
Thu, 08 Dec 2022US$1.9tUS$457.0bUS$39.0b28x49.1x4.2x
Sat, 05 Nov 2022US$1.8tUS$454.5bUS$37.8b25.4x46.8x3.9x
Mon, 03 Oct 2022US$1.8tUS$449.4bUS$41.7b25.2x42.3x3.9x
Wed, 31 Aug 2022US$2.0tUS$446.6bUS$41.6b29x48x4.5x
Price to Earnings Ratio

48x


Total Market Cap: US$2.0tTotal Earnings: US$41.6bTotal Revenue: US$446.6bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. IT Industry Price to Earnings3Y Average 68.4x202320242025
Current Industry PE
  • Investors are pessimistic on the American IT 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 49.5x which is lower than its 3-year average PE of 68.4x.
  • The industry is trading close to its 3-year average PS ratio of 3.5x.
Past Earnings Growth
  • The earnings for companies in the IT industry have declined 23% per year over the last three years,
  • Revenues have also declined 18% per year.
  • This means overall sales from these companies are declining and profits are subsequently falling as well.

Industry Trends

Which industries have driven the changes within the U.S. Tech industry?

US Market0.48%
Tech-1.40%
IT1.20%
IT Consulting2.85%
Data Processing Services2.69%
Internet Services and Infrastructure-0.45%
Industry PE
  • Investors are most optimistic about the Internet Services and Infrastructure industry which is trading above its 3-year average PE ratio.
    • Analysts are expecting annual earnings growth of 26.2%, which is higher than its past year's earnings decline of 7.7% per year.
  • Investors are most pessimistic about the IT Consulting industry, which is trading below its 3-year average of 31.9x.
Forecasted Growth
  • Analysts are most optimistic on the Internet Services and Infrastructure industry, expecting annual earnings growth of 26% over the next 5 years.
  • This is better than its past earnings decline of 7.7% per year.
  • In contrast, the IT Consulting industry is expected to see its earnings grow by 10% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
ACN AccentureUS$259.224.9%
+US$7.6b		-22.2%PE20.4x
IBM International Business MachinesUS$242.091.0%
+US$2.2b		23.5%PE38.5x
CTSH Cognizant Technology SolutionsUS$72.373.4%
+US$1.2b		-5.6%PE14.5x
EPAM EPAM SystemsUS$174.9510.9%
+US$960.2m		-12.1%PE24.3x
IT GartnerUS$249.904.7%
+US$849.0m		-48.0%PE15x

Latest News

SNOW
US$196.81
Snowflake
7D
-1.1%
1Y
69.9%
APLD
US$16.05
Applied Digital
7D
13.9%
1Y
252.7%

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CTM
US$1.03
Castellum
7D
-10.4%
1Y
494.7%
CRWV
US$93.99
CoreWeave
7D
-6.0%
1Y
n/a
NET
US$196.17
Cloudflare
7D
-2.4%
1Y
138.1%
IBM
US$242.09
International Business Machines
7D
1.0%
1Y
23.5%

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SHOP
US$142.11
Shopify
7D
0.5%
1Y
86.6%
BBAI
US$5.50
BigBear.ai Holdings
7D
-10.4%
1Y
219.8%

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ACN
US$259.22
Accenture
7D
4.9%
1Y
-22.2%
TSSI
US$15.40
TSS
7D
-4.6%
1Y
245.3%

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Aug 16
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VRSN
US$269.55
VeriSign
7D
-0.1%
1Y
50.3%
AKAM
US$77.64
Akamai Technologies
7D
4.3%
1Y
-23.8%
EPAM
US$174.95
EPAM Systems
7D
10.9%
1Y
-12.1%
TDTH
US$0.79
Trident Digital Tech Holdings
7D
-17.6%
1Y
n/a
IT
US$249.90
Gartner
7D
4.7%
1Y
-48.0%

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CTSH
US$72.37
Cognizant Technology Solutions
7D
3.4%
1Y
-5.6%