What Twilio Inc.'s (NYSE:TWLO) 28% Share Price Gain Is Not Telling You
May 13
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U.S. IT Industry Analysis
UpdatedMay 13, 2025
DataAggregated Company Financials
Companies104
- 7D5.4%
- 3M-11.4%
- 1Y26.6%
- YTD3.7%
Accenture is up 4.7%, leading the way for the IT industry, which has gained 5.4%. In the same time, Akamai Technologies was down 5.2%. In the last 12 months, the industry was up 27%. Looking forward, earnings are forecast to grow by 16% 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 |
|---|---|---|---|---|---|---|
| Wed, 14 May 2025 | US$862.7b | US$239.1b | US$16.7b | 34.4x | 51.7x | 3.6x |
| Fri, 11 Apr 2025 | US$837.7b | US$242.3b | US$18.5b | 31.8x | 45.4x | 3.5x |
| Sun, 09 Mar 2025 | US$917.2b | US$239.9b | US$18.3b | 43.7x | 50.1x | 3.8x |
| Tue, 04 Feb 2025 | US$966.2b | US$234.3b | US$16.0b | 43.4x | 60.6x | 4.1x |
| Thu, 02 Jan 2025 | US$855.8b | US$234.1b | US$16.5b | 46.7x | 52x | 3.7x |
| Sat, 30 Nov 2024 | US$894.5b | US$233.1b | US$16.3b | 45.3x | 55x | 3.8x |
| Mon, 28 Oct 2024 | US$792.0b | US$232.9b | US$15.7b | 43.6x | 50.3x | 3.4x |
| Wed, 25 Sep 2024 | US$785.2b | US$233.3b | US$17.5b | 39.6x | 44.9x | 3.4x |
| Fri, 23 Aug 2024 | US$760.6b | US$233.0b | US$17.4b | 33.6x | 43.6x | 3.3x |
| Sun, 21 Jul 2024 | US$739.1b | US$236.9b | US$17.2b | 28.9x | 43.1x | 3.1x |
| Tue, 18 Jun 2024 | US$684.8b | US$237.2b | US$17.3b | 27x | 39.7x | 2.9x |
| Thu, 16 May 2024 | US$711.9b | US$236.9b | US$16.7b | 24.5x | 42.6x | 3x |
| Sat, 13 Apr 2024 | US$752.7b | US$227.8b | US$13.7b | 25x | 54.7x | 3.3x |
| Mon, 11 Mar 2024 | US$812.2b | US$227.8b | US$14.3b | 23.9x | 56.6x | 3.6x |
| Wed, 07 Feb 2024 | US$816.5b | US$227.1b | US$12.9b | 20x | 63.1x | 3.6x |
| Fri, 05 Jan 2024 | US$757.4b | US$229.5b | US$12.8b | 20.2x | 59x | 3.3x |
| Sun, 03 Dec 2023 | US$761.8b | US$228.9b | US$12.7b | 21.2x | 59.8x | 3.3x |
| Tue, 31 Oct 2023 | US$624.2b | US$227.8b | US$11.4b | 18.3x | 54.8x | 2.7x |
| Thu, 28 Sep 2023 | US$662.2b | US$226.6b | US$6.8b | 24.5x | 97.7x | 2.9x |
| Sat, 26 Aug 2023 | US$674.4b | US$226.3b | US$6.6b | 21.2x | 101.9x | 3x |
| Mon, 24 Jul 2023 | US$693.0b | US$228.6b | US$6.2b | 25.5x | 111.7x | 3x |
| Wed, 21 Jun 2023 | US$688.0b | US$228.2b | US$5.9b | 23.9x | 116.3x | 3x |
| Fri, 19 May 2023 | US$640.1b | US$229.7b | US$6.5b | 23x | 99.2x | 2.8x |
| Sun, 16 Apr 2023 | US$588.9b | US$225.6b | US$2.5b | 23.6x | 239.4x | 2.6x |
| Tue, 14 Mar 2023 | US$1.9t | US$463.9b | US$22.4b | 24.7x | 83.1x | 4x |
| Thu, 09 Feb 2023 | US$2.1t | US$459.9b | US$40.5b | 27.1x | 50.6x | 4.5x |
| Sat, 07 Jan 2023 | US$1.9t | US$457.9b | US$39.2b | 28x | 49.5x | 4.2x |
| Mon, 05 Dec 2022 | US$2.0t | US$456.9b | US$39.0b | 29.3x | 51.3x | 4.4x |
| Wed, 02 Nov 2022 | US$1.9t | US$454.0b | US$36.9b | 26.5x | 51.7x | 4.2x |
| Fri, 30 Sep 2022 | US$1.8t | US$449.4b | US$41.7b | 25.4x | 42.7x | 4x |
| Sun, 28 Aug 2022 | US$2.0t | US$446.6b | US$41.6b | 29x | 48.7x | 4.5x |
| Tue, 26 Jul 2022 | US$2.0t | US$442.9b | US$47.6b | 28.3x | 42.4x | 4.6x |
| Thu, 23 Jun 2022 | US$1.9t | US$439.3b | US$46.9b | 27.5x | 40.2x | 4.3x |
| Sat, 21 May 2022 | US$2.0t | US$438.4b | US$45.9b | 27.4x | 42.9x | 4.5x |
Price to Earnings Ratio
42.9x
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 51.7x 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 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 | 3.92% | |
| Tech | 6.41% | |
| IT | 5.39% | |
| Internet Services and Infrastructure | 7.82% | |
| IT Consulting | 3.99% | |
| Data Processing Services | 2.08% | |
Industry PE
- Investors are most optimistic about the IT Consulting industry, which is trading close to its 3-year average PE ratio of 32.1x.
- Analysts are expecting annual earnings growth of 10.7%, which is higher than its past year's earnings growth of 3.5% per year.
Forecasted Growth
- Analysts are most optimistic on the Internet Services and Infrastructure industry, expecting annual earnings growth of 26% over the next 5 years.
- However this is lower than its past earnings growth rate of 37% per year.
- 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 | |
|---|---|---|---|---|---|
| SHOP Shopify | US$107.68 | 14.8% +US$18.0b | 85.6% | PE86.8x | |
| ACN Accenture | US$322.53 | 6.2% +US$11.7b | 5.1% | PE26.3x | |
| NET Cloudflare | US$150.36 | 23.0% +US$9.7b | 105.0% | PS29.4x | |
| IBM International Business Machines | US$258.59 | 3.8% +US$8.6b | 54.5% | PE42.8x | |
| SNOW Snowflake | US$181.02 | 7.5% +US$4.2b | 12.5% | PS16.7x |