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U.S. IT Industry Analysis
UpdatedApr 04, 2025
DataAggregated Company Financials
Companies106
- 7D-7.1%
- 3M-10.8%
- 1Y3.5%
- YTD-8.6%
Over the last 7 days, the IT industry has dropped 7.1%, driven by Shopify declining 20%. In contrast, Alpha Technology Group has gained 17%. In the past year, the industry has gained 3.5%. As for the next few years, earnings are expected to grow by 13% per annum.
Industry Valuation and Performance
Has the U.S. IT Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sat, 05 Apr 2025 | US$897.7b | US$242.3b | US$18.5b | 32.7x | 48.6x | 3.7x |
| Mon, 03 Mar 2025 | US$947.1b | US$239.9b | US$18.0b | 39.2x | 52.6x | 3.9x |
| Wed, 29 Jan 2025 | US$906.2b | US$234.1b | US$16.3b | 43.7x | 55.5x | 3.9x |
| Fri, 27 Dec 2024 | US$879.1b | US$234.7b | US$16.7b | 41.1x | 52.6x | 3.7x |
| Sun, 24 Nov 2024 | US$876.1b | US$233.0b | US$16.3b | 41.6x | 53.7x | 3.8x |
| Tue, 22 Oct 2024 | US$831.5b | US$232.8b | US$17.8b | 43.5x | 46.8x | 3.6x |
| Thu, 19 Sep 2024 | US$765.7b | US$233.3b | US$17.5b | 35.5x | 43.6x | 3.3x |
| Sat, 17 Aug 2024 | US$743.5b | US$232.8b | US$17.5b | 35.3x | 42.4x | 3.2x |
| Mon, 15 Jul 2024 | US$729.5b | US$236.9b | US$17.2b | 28x | 42.5x | 3.1x |
| Wed, 12 Jun 2024 | US$684.1b | US$237.2b | US$17.3b | 27.7x | 39.7x | 2.9x |
| Fri, 10 May 2024 | US$726.7b | US$236.8b | US$16.6b | 24.8x | 43.7x | 3.1x |
| Sun, 07 Apr 2024 | US$763.7b | US$227.8b | US$13.8b | 25.6x | 55.2x | 3.4x |
| Tue, 05 Mar 2024 | US$824.1b | US$227.7b | US$14.3b | 22.8x | 57.6x | 3.6x |
| Thu, 01 Feb 2024 | US$838.7b | US$230.1b | US$13.4b | 22.7x | 62.8x | 3.6x |
| Sat, 30 Dec 2023 | US$799.4b | US$229.5b | US$12.8b | 20.7x | 62.4x | 3.5x |
| Mon, 27 Nov 2023 | US$737.5b | US$228.5b | US$12.7b | 20.6x | 58.1x | 3.2x |
| Wed, 25 Oct 2023 | US$632.1b | US$227.2b | US$6.5b | 18.4x | 97.7x | 2.8x |
| Fri, 22 Sep 2023 | US$667.7b | US$226.6b | US$6.8b | 23.6x | 98.5x | 2.9x |
| Sun, 20 Aug 2023 | US$650.0b | US$226.1b | US$6.5b | 20.6x | 99.3x | 2.9x |
| Tue, 18 Jul 2023 | US$696.9b | US$228.7b | US$6.1b | 25.7x | 114.4x | 3x |
| Thu, 15 Jun 2023 | US$690.6b | US$228.2b | US$5.9b | 24.3x | 116.6x | 3x |
| Sat, 13 May 2023 | US$615.5b | US$229.7b | US$6.5b | 23.5x | 94.6x | 2.7x |
| Mon, 10 Apr 2023 | US$589.8b | US$225.6b | US$2.5b | 23.3x | 239.8x | 2.6x |
| Wed, 08 Mar 2023 | US$2.0t | US$463.7b | US$22.5b | 26.6x | 87.3x | 4.2x |
| Fri, 03 Feb 2023 | US$2.1t | US$460.2b | US$40.1b | 28.6x | 52.6x | 4.6x |
| Sun, 01 Jan 2023 | US$1.9t | US$457.8b | US$39.2b | 27.5x | 48.2x | 4.1x |
| Tue, 29 Nov 2022 | US$1.9t | US$456.2b | US$39.0b | 28.4x | 49.3x | 4.2x |
| Thu, 27 Oct 2022 | US$1.9t | US$452.1b | US$38.2b | 26.3x | 49.3x | 4.2x |
| Sat, 24 Sep 2022 | US$1.8t | US$448.9b | US$41.6b | 25.9x | 43.3x | 4x |
| Mon, 22 Aug 2022 | US$2.1t | US$445.9b | US$41.6b | 29.8x | 50.8x | 4.7x |
| Wed, 20 Jul 2022 | US$1.9t | US$441.6b | US$46.9b | 28.6x | 41.5x | 4.4x |
| Fri, 17 Jun 2022 | US$1.8t | US$439.4b | US$46.9b | 26.1x | 38.8x | 4.1x |
| Sun, 15 May 2022 | US$2.0t | US$438.7b | US$46.3b | 26.3x | 43.1x | 4.6x |
| Tue, 12 Apr 2022 | US$2.3t | US$431.0b | US$47.2b | 32.4x | 48.6x | 5.3x |
Price to Earnings Ratio
48.6x
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 48.6x which is lower than its 3-year average PE of 67.3x.
- The industry is trading close to its 3-year average PS ratio of 3.6x.
Past Earnings Growth
- The earnings for companies in the IT industry have declined 27% per year over the last three years,
- Revenues have also declined 17% 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 Market | -5.64% | |
| Tech | -7.35% | |
| IT | -7.09% | |
| Data Processing Services | -2.24% | |
| IT Consulting | -2.67% | |
| Internet Services and Infrastructure | -13.68% | |
Industry PE
- Investors are most optimistic about the IT Consulting industry, which is trading close to its 3-year average PE ratio of 32.4x.
- Analysts are expecting annual earnings growth of 10.6%, which is higher than its past year's earnings decline of 2.6% per year.
Forecasted Growth
- Analysts are most optimistic on the Internet Services and Infrastructure industry, expecting annual earnings growth of 17% over the next 5 years.
- This is roughly in line with its past earnings growth rate.
- In contrast, the IT Consulting industry is expected to see its earnings grow by 11% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| CRWV CoreWeave | US$47.82 | 19.6% +US$3.6b | n/a | PS11.6x | |
| ATGL Alpha Technology Group | US$31.90 | 26.4% +US$109.6m | 1,015.4% | PS330.5x | |
| MLGO MicroAlgo | US$18.56 | 7.0% +US$12.1m | -75.0% | PS2.2x | |
| CSAI Cloudastructure | US$4.93 | 0.2% +US$154.6k | n/a | PS55.9x |
