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U.S. IT Industry Analysis

UpdatedJul 14, 2025
DataAggregated Company Financials
Companies105
  • 7D-5.9%
  • 3M22.0%
  • 1Y26.3%
  • YTD9.5%

Over the last 7 days, the IT industry has dropped 6.5%, driven by a pullback from CoreWeave of 24%. In the past year, the industry has gained 27%. Looking forward, earnings are forecast to grow by 19% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 14 Jul 2025US$962.6bUS$241.7bUS$17.4b28.4x55.5x4x
Wed, 11 Jun 2025US$999.5bUS$240.4bUS$17.1b30.1x58.5x4.2x
Fri, 09 May 2025US$862.1bUS$238.5bUS$17.1b33.8x50.3x3.6x
Sun, 06 Apr 2025US$779.7bUS$242.3bUS$18.5b30.9x42.2x3.2x
Tue, 04 Mar 2025US$946.7bUS$239.9bUS$18.0b38.6x52.5x3.9x
Thu, 30 Jan 2025US$937.5bUS$234.1bUS$16.3b43.1x57.4x4x
Sat, 28 Dec 2024US$880.7bUS$234.7bUS$16.7b40.8x52.7x3.8x
Mon, 25 Nov 2024US$876.1bUS$233.0bUS$16.3b41.6x53.7x3.8x
Wed, 23 Oct 2024US$829.1bUS$232.8bUS$17.8b43.7x46.6x3.6x
Fri, 20 Sep 2024US$764.8bUS$233.3bUS$17.5b35.5x43.6x3.3x
Sun, 18 Aug 2024US$745.7bUS$232.8bUS$17.5b35.3x42.5x3.2x
Tue, 16 Jul 2024US$729.5bUS$236.9bUS$17.2b28.6x42.5x3.1x
Thu, 13 Jun 2024US$686.6bUS$237.2bUS$17.3b27.4x39.8x2.9x
Sat, 11 May 2024US$713.7bUS$236.9bUS$16.7b23.4x42.7x3x
Mon, 08 Apr 2024US$763.7bUS$227.8bUS$13.8b25.6x55.2x3.4x
Wed, 06 Mar 2024US$824.2bUS$227.7bUS$14.3b21.2x57.6x3.6x
Fri, 02 Feb 2024US$826.1bUS$230.1bUS$13.4b23.4x61.8x3.6x
Sun, 31 Dec 2023US$797.2bUS$229.5bUS$12.8b20.7x62.2x3.5x
Tue, 28 Nov 2023US$737.5bUS$228.5bUS$12.7b20.6x58.1x3.2x
Thu, 26 Oct 2023US$621.1bUS$227.2bUS$6.5b18x96x2.7x
Sat, 23 Sep 2023US$671.1bUS$226.6bUS$6.8b24x99x3x
Mon, 21 Aug 2023US$650.0bUS$226.1bUS$6.5b20.5x99.3x2.9x
Wed, 19 Jul 2023US$709.8bUS$228.7bUS$6.1b25.9x116.5x3.1x
Fri, 16 Jun 2023US$690.6bUS$228.3bUS$5.9b24.2x116.7x3x
Sun, 14 May 2023US$615.5bUS$229.7bUS$6.5b23.5x95x2.7x
Tue, 11 Apr 2023US$590.7bUS$225.6bUS$2.5b23.2x240.2x2.6x
Thu, 09 Mar 2023US$2.0tUS$463.8bUS$22.5b26.4x87.3x4.2x
Sat, 04 Feb 2023US$2.1tUS$459.5bUS$40.0b28.4x51.9x4.5x
Mon, 02 Jan 2023US$1.9tUS$457.8bUS$39.2b27.5x48.1x4.1x
Wed, 30 Nov 2022US$1.9tUS$456.3bUS$39.0b28.3x49x4.2x
Fri, 28 Oct 2022US$1.9tUS$453.7bUS$36.9b26.5x51.2x4.2x
Sun, 25 Sep 2022US$1.8tUS$448.9bUS$41.6b25.9x43.3x4x
Tue, 23 Aug 2022US$2.1tUS$445.9bUS$41.6b29.3x49.8x4.6x
Thu, 21 Jul 2022US$2.0tUS$442.9bUS$47.6b29.1x42.4x4.6x
Price to Earnings Ratio

42.4x


Total Market Cap: US$2.0tTotal Earnings: US$47.6bTotal Revenue: US$442.9bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. IT Industry Price to Earnings3Y Average 68.1x202320242025
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 55.5x which is lower than its 3-year average PE of 68.1x.
  • The 3-year average PS ratio of 3.5x is lower than the industry's current PS ratio of 4.0x.
Past Earnings Growth
  • The earnings for companies in the IT industry have declined 29% 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 Market0.14%
Tech0.28%
IT-5.93%
Data Processing Services-1.52%
IT Consulting-4.90%
Internet Services and Infrastructure-7.25%
Industry PE
  • Investors are most optimistic about the IT Consulting industry, which is trading close to its 3-year average PE ratio of 32.0x.
    • Analysts are expecting annual earnings growth of 10.5%, which is higher than its past year's earnings growth of 7.7% per year.
Forecasted Growth
  • Analysts are most optimistic on the Internet Services and Infrastructure industry, expecting annual earnings growth of 30% over the next 5 years.
  • This is better than its past earnings decline of 28% 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
VNET VNET GroupUS$7.952.6%
+US$53.8m		244.2%PE130.4x
ATGL Alpha Technology GroupUS$23.907.6%
+US$27.7m		704.7%PS250x
TCX TucowsUS$22.7510.9%
+US$24.7m		4.7%PS0.7x
GLE Global Engine Group HoldingUS$2.4662.9%
+US$17.4m		n/aPE544.3x
XTIA XTI AerospaceUS$1.9510.8%
+US$11.4m		-97.9%PS11.3x

Latest News

NET
US$181.39
Cloudflare
7D
-5.2%
1Y
120.6%
VRAR
US$1.60
Glimpse Group
7D
18.5%
1Y
56.1%
SHOP
US$112.11
Shopify
7D
-3.8%
1Y
72.8%
CTSH
US$75.36
Cognizant Technology Solutions
7D
-6.9%
1Y
5.4%
SNOW
US$210.84
Snowflake
7D
-4.8%
1Y
55.3%
XTIA
US$1.95
XTI Aerospace
7D
10.8%
1Y
-97.9%
CRWV
US$125.84
CoreWeave
7D
-23.8%
1Y
n/a
IT
US$374.40
Gartner
7D
-6.5%
1Y
-17.8%
HUBC
US$2.52
HUB Cyber Security
7D
35.5%
1Y
-65.2%
TCX
US$22.75
Tucows
7D
10.9%
1Y
4.7%
IBM
US$283.59
International Business Machines
7D
-2.9%
1Y
55.1%
VNET
US$7.95
VNET Group
7D
2.6%
1Y
244.2%

Improved Revenues Required Before VNET Group, Inc. (NASDAQ:VNET) Stock's 28% Jump Looks Justified

Jul 03
Improved Revenues Required Before VNET Group, Inc. (NASDAQ:VNET) Stock's 28% Jump Looks Justified
ACN
US$281.06
Accenture
7D
-7.8%
1Y
-9.5%
GLE
US$2.46
Global Engine Group Holding
7D
62.9%
1Y
n/a
TDTH
US$0.38
Trident Digital Tech Holdings
7D
42.2%
1Y
n/a
ATGL
US$23.90
Alpha Technology Group
7D
7.6%
1Y
704.7%