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U.S. IT Industry Analysis

UpdatedJul 03, 2025
DataAggregated Company Financials
Companies106
  • 7D1.7%
  • 3M36.3%
  • 1Y35.9%
  • YTD17.1%

In the last week, the IT industry is up 1.7%, with Accenture up 3.2%. This takes the industry's 12 month performance to a gain of 36%. Earnings are forecast to grow by 20% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 06 Jul 2025US$1.0tUS$241.7bUS$17.4b28.9x58.2x4.2x
Tue, 03 Jun 2025US$947.6bUS$240.3bUS$17.0b28.9x55.6x3.9x
Thu, 01 May 2025US$859.9bUS$242.4bUS$18.0b29.9x47.8x3.5x
Sat, 29 Mar 2025US$885.6bUS$242.8bUS$18.3b35.6x48.4x3.6x
Mon, 24 Feb 2025US$976.6bUS$239.7bUS$18.2b40.2x53.8x4.1x
Wed, 22 Jan 2025US$872.6bUS$234.1bUS$16.3b42.9x53.5x3.7x
Fri, 20 Dec 2024US$860.6bUS$233.2bUS$16.4b43.6x52.5x3.7x
Sun, 17 Nov 2024US$827.3bUS$232.8bUS$16.3b45.6x50.6x3.6x
Tue, 15 Oct 2024US$823.0bUS$232.9bUS$17.8b43.4x46.3x3.5x
Thu, 12 Sep 2024US$765.8bUS$233.2bUS$17.5b35.6x43.6x3.3x
Sat, 10 Aug 2024US$717.7bUS$232.7bUS$17.5b28.5x41x3.1x
Mon, 08 Jul 2024US$718.8bUS$236.9bUS$17.2b26.9x41.8x3x
Wed, 05 Jun 2024US$669.8bUS$237.1bUS$17.3b27.3x38.8x2.8x
Fri, 03 May 2024US$703.6bUS$232.4bUS$14.5b23.9x48.6x3x
Sun, 31 Mar 2024US$783.3bUS$227.8bUS$13.8b24.5x56.6x3.4x
Tue, 27 Feb 2024US$828.5bUS$227.5bUS$14.2b22.8x58.3x3.6x
Thu, 25 Jan 2024US$824.1bUS$229.4bUS$12.9b22.8x63.7x3.6x
Sat, 23 Dec 2023US$791.8bUS$229.5bUS$12.8b20.8x61.8x3.4x
Mon, 20 Nov 2023US$722.2bUS$228.5bUS$12.7b20.9x56.9x3.2x
Wed, 18 Oct 2023US$665.1bUS$227.2bUS$6.5b20.5x102.8x2.9x
Fri, 15 Sep 2023US$693.9bUS$226.6bUS$6.8b23x102.2x3.1x
Sun, 13 Aug 2023US$665.1bUS$226.3bUS$6.7b22.8x99.6x2.9x
Tue, 11 Jul 2023US$674.6bUS$228.6bUS$6.1b25.1x110.7x3x
Thu, 08 Jun 2023US$675.2bUS$228.2bUS$5.9b24.2x114x3x
Sat, 06 May 2023US$604.1bUS$232.7bUS$5.8b23.4x103.3x2.6x
Mon, 03 Apr 2023US$606.6bUS$225.6bUS$2.4b22.3x254x2.7x
Wed, 01 Mar 2023US$1.9tUS$462.8bUS$22.3b26.2x87.2x4.2x
Fri, 27 Jan 2023US$2.0tUS$459.3bUS$39.8b28.3x50.8x4.4x
Sun, 25 Dec 2022US$1.9tUS$457.9bUS$39.2b27.9x47.5x4.1x
Tue, 22 Nov 2022US$1.9tUS$456.6bUS$37.9b28.2x50.1x4.2x
Thu, 20 Oct 2022US$1.8tUS$449.5bUS$41.7b26.7x43.2x4x
Sat, 17 Sep 2022US$1.9tUS$447.0bUS$41.4b27x46.3x4.3x
Mon, 15 Aug 2022US$2.2tUS$445.5bUS$41.6b30.1x51.8x4.8x
Wed, 13 Jul 2022US$1.9tUS$441.6bUS$46.9b28.6x41x4.4x
Price to Earnings Ratio

41x


Total Market Cap: US$1.9tTotal Earnings: US$46.9bTotal Revenue: US$441.6bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. IT Industry Price to Earnings3Y Average 68x202320242025
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 58.2x which is lower than its 3-year average PE of 68.0x.
  • The 3-year average PS ratio of 3.5x is lower than the industry's current PS ratio of 4.2x.
Past Earnings Growth
  • The earnings for companies in the IT industry have declined 28% 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 Market1.79%
Tech2.56%
IT1.69%
Data Processing Services2.73%
IT Consulting2.04%
Internet Services and Infrastructure1.25%
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 10.4%, 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 32% 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
ACN AccentureUS$304.783.2%
+US$5.8b		1.9%PE24x
SHOP ShopifyUS$116.522.5%
+US$3.7b		72.3%PE93.9x
CRWV CoreWeaveUS$165.203.3%
+US$2.5b		n/aPS29.3x
IBM International Business MachinesUS$291.970.8%
+US$2.1b		65.9%PE48.3x
CTSH Cognizant Technology SolutionsUS$80.984.2%
+US$1.6b		19.1%PE16.9x

Latest News

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Snowflake
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1Y
54.9%

Snowflake Inc. (NYSE:SNOW) Shares Could Be 25% Below Their Intrinsic Value Estimate

Jul 06
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IBM
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International Business Machines
7D
0.8%
1Y
65.9%
CRWV
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CoreWeave
7D
3.3%
1Y
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GDDY
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GoDaddy
7D
-1.5%
1Y
23.2%
TWLO
US$120.27
Twilio
7D
-2.0%
1Y
109.7%
CTSH
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Cognizant Technology Solutions
7D
4.2%
1Y
19.1%

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IT
US$400.28
Gartner
7D
-0.6%
1Y
-11.4%

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ACN
US$304.78
Accenture
7D
3.2%
1Y
1.9%
VRSN
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7D
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1Y
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NET
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Cloudflare
7D
-1.4%
1Y
120.0%
GDS
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GDS Holdings
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12.6%
1Y
213.8%

GDS Holdings Limited's (NASDAQ:GDS) Shares Climb 27% But Its Business Is Yet to Catch Up

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BBAI
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1Y
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SHOP
US$116.52
Shopify
7D
2.5%
1Y
72.3%
KC
US$12.02
Kingsoft Cloud Holdings
7D
-4.5%
1Y
365.9%
KD
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4.7%
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YAAS
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-89.9%
1Y
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