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U.S. IT Industry Analysis
UpdatedJun 05, 2025
DataAggregated Company Financials
Companies104
- 7D2.9%
- 3M2.1%
- 1Y36.8%
- YTD11.0%
The IT industry is up 2.9% in the last week, with CoreWeave up 40%. This means that the industry has gained 37% over the past year. 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?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 05 Jun 2025 | US$972.0b | US$240.4b | US$17.0b | 28.9x | 57x | 4x |
| Sat, 03 May 2025 | US$839.4b | US$238.4b | US$17.0b | 36.3x | 49.3x | 3.5x |
| Mon, 31 Mar 2025 | US$864.9b | US$242.4b | US$18.4b | 35.6x | 46.9x | 3.6x |
| Wed, 26 Feb 2025 | US$969.7b | US$239.7b | US$18.2b | 40.1x | 53.4x | 4x |
| Fri, 24 Jan 2025 | US$886.4b | US$234.1b | US$16.3b | 42.6x | 54.3x | 3.8x |
| Sun, 22 Dec 2024 | US$880.0b | US$234.7b | US$16.7b | 40.9x | 52.7x | 3.7x |
| Tue, 19 Nov 2024 | US$827.1b | US$232.8b | US$16.3b | 42.4x | 50.6x | 3.6x |
| Thu, 17 Oct 2024 | US$827.4b | US$232.8b | US$17.8b | 46.3x | 46.5x | 3.6x |
| Sat, 14 Sep 2024 | US$767.7b | US$233.3b | US$17.5b | 35.5x | 43.8x | 3.3x |
| Mon, 12 Aug 2024 | US$721.4b | US$232.7b | US$17.5b | 28.5x | 41.2x | 3.1x |
| Wed, 10 Jul 2024 | US$719.3b | US$236.9b | US$17.2b | 26.9x | 41.9x | 3x |
| Fri, 07 Jun 2024 | US$680.3b | US$237.2b | US$17.3b | 27.3x | 39.4x | 2.9x |
| Sun, 05 May 2024 | US$728.7b | US$236.9b | US$16.0b | 23.7x | 45.4x | 3.1x |
| Tue, 02 Apr 2024 | US$783.3b | US$227.7b | US$13.8b | 24.4x | 56.6x | 3.4x |
| Thu, 29 Feb 2024 | US$828.9b | US$227.4b | US$14.2b | 21.6x | 58.5x | 3.6x |
| Sat, 27 Jan 2024 | US$836.7b | US$230.1b | US$13.4b | 23.3x | 62.6x | 3.6x |
| Mon, 25 Dec 2023 | US$791.8b | US$229.5b | US$12.8b | 20.8x | 61.8x | 3.4x |
| Wed, 22 Nov 2023 | US$722.2b | US$228.5b | US$12.7b | 21x | 56.9x | 3.2x |
| Fri, 20 Oct 2023 | US$650.2b | US$227.2b | US$6.5b | 19.3x | 100.5x | 2.9x |
| Sun, 17 Sep 2023 | US$689.0b | US$226.6b | US$6.8b | 23.7x | 101.5x | 3x |
| Tue, 15 Aug 2023 | US$669.0b | US$226.3b | US$6.7b | 22.8x | 100.1x | 3x |
| Thu, 13 Jul 2023 | US$685.2b | US$228.7b | US$6.1b | 24.9x | 112.5x | 3x |
| Sat, 10 Jun 2023 | US$668.6b | US$228.2b | US$5.9b | 23.1x | 113x | 2.9x |
| Mon, 08 May 2023 | US$604.1b | US$232.7b | US$5.8b | 23.4x | 103.3x | 2.6x |
| Wed, 05 Apr 2023 | US$603.7b | US$225.6b | US$2.4b | 22.2x | 252.5x | 2.7x |
| Fri, 03 Mar 2023 | US$1.9t | US$463.5b | US$22.4b | 26.4x | 86.7x | 4.2x |
| Sun, 29 Jan 2023 | US$2.0t | US$460.1b | US$40.0b | 27.8x | 51x | 4.4x |
| Tue, 27 Dec 2022 | US$1.9t | US$457.9b | US$39.2b | 27.9x | 47.5x | 4.1x |
| Thu, 24 Nov 2022 | US$1.9t | US$456.1b | US$39.1b | 28.5x | 49.8x | 4.3x |
| Sat, 22 Oct 2022 | US$1.8t | US$450.4b | US$37.4b | 27.8x | 49.1x | 4.1x |
| Mon, 19 Sep 2022 | US$1.9t | US$447.0b | US$41.4b | 27x | 46.3x | 4.3x |
| Wed, 17 Aug 2022 | US$2.2t | US$445.5b | US$41.6b | 30.3x | 52.4x | 4.9x |
| Fri, 15 Jul 2022 | US$1.9t | US$441.5b | US$46.9b | 28.5x | 40.6x | 4.3x |
| Sun, 12 Jun 2022 | US$2.0t | US$438.8b | US$46.9b | 27.4x | 41.7x | 4.5x |
Price to Earnings Ratio
41.7x
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 57.0x which is lower than its 3-year average PE of 67.5x.
- The 3-year average PS ratio of 3.6x 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 Market | 1.40% | |
| Tech | 2.84% | |
| IT | 2.93% | |
| Internet Services and Infrastructure | 5.95% | |
| IT Consulting | 0.78% | |
| Data Processing Services | -0.0043% | |
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 10.1%, which is higher than its past year's earnings growth of 6.3% 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?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| CRWV CoreWeave | US$163.10 | 40.4% +US$22.5b | n/a | PS28.9x | |
| IBM International Business Machines | US$265.52 | 2.0% +US$4.8b | 58.6% | PE44x | |
| NET Cloudflare | US$170.92 | 5.5% +US$3.1b | 144.7% | PS33.5x | |
| SNOW Snowflake | US$209.60 | 2.5% +US$1.7b | 56.1% | PS18.2x | |
| APLD Applied Digital | US$13.25 | 82.3% +US$1.3b | 183.7% | PS13.5x |
