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U.S. IT Industry Analysis
UpdatedJun 15, 2025
DataAggregated Company Financials
Companies103
- 7D-1.2%
- 3M5.5%
- 1Y36.8%
- YTD11.1%
Over the last 7 days, the IT industry has dropped 1.2%, driven by Shopify declining 5.4%. Over the past 12 months, the industry was up 37%. 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 |
|---|---|---|---|---|---|---|
| Sun, 15 Jun 2025 | US$977.0b | US$240.5b | US$17.1b | 28.6x | 57.2x | 4.1x |
| Tue, 13 May 2025 | US$862.7b | US$239.1b | US$16.7b | 34.4x | 51.7x | 3.6x |
| Thu, 10 Apr 2025 | US$764.8b | US$242.3b | US$18.5b | 33.5x | 41.4x | 3.2x |
| Sat, 08 Mar 2025 | US$909.4b | US$240.1b | US$18.2b | 43.7x | 50.1x | 3.8x |
| Mon, 03 Feb 2025 | US$966.3b | US$234.3b | US$16.0b | 44.1x | 60.6x | 4.1x |
| Wed, 01 Jan 2025 | US$858.7b | US$234.1b | US$16.5b | 46.7x | 52.2x | 3.7x |
| Fri, 29 Nov 2024 | US$889.5b | US$233.1b | US$16.3b | 49x | 54.7x | 3.8x |
| Sun, 27 Oct 2024 | US$792.0b | US$232.9b | US$15.7b | 43.6x | 50.3x | 3.4x |
| Tue, 24 Sep 2024 | US$775.4b | US$233.3b | US$17.5b | 40.3x | 44.3x | 3.3x |
| Thu, 22 Aug 2024 | US$752.1b | US$232.8b | US$17.5b | 33.9x | 42.9x | 3.2x |
| Sat, 20 Jul 2024 | US$741.3b | US$236.9b | US$17.2b | 28.9x | 43.2x | 3.1x |
| Mon, 17 Jun 2024 | US$684.8b | US$237.2b | US$17.3b | 27.4x | 39.7x | 2.9x |
| Wed, 15 May 2024 | US$713.8b | US$236.9b | US$16.7b | 23.9x | 42.7x | 3x |
| Fri, 12 Apr 2024 | US$748.4b | US$227.7b | US$13.8b | 24.8x | 54.1x | 3.3x |
| Sun, 10 Mar 2024 | US$812.2b | US$227.8b | US$14.3b | 23.9x | 56.6x | 3.6x |
| Tue, 06 Feb 2024 | US$822.7b | US$227.1b | US$12.9b | 20x | 63.6x | 3.6x |
| Thu, 04 Jan 2024 | US$756.6b | US$229.5b | US$12.8b | 20.2x | 59.1x | 3.3x |
| Sat, 02 Dec 2023 | US$750.1b | US$228.8b | US$12.8b | 21.2x | 58.6x | 3.3x |
| Mon, 30 Oct 2023 | US$620.2b | US$227.8b | US$11.4b | 17.6x | 54.4x | 2.7x |
| Wed, 27 Sep 2023 | US$657.9b | US$226.6b | US$6.8b | 24.6x | 97x | 2.9x |
| Fri, 25 Aug 2023 | US$665.8b | US$226.3b | US$6.6b | 20.8x | 100.6x | 2.9x |
| Sun, 23 Jul 2023 | US$693.0b | US$228.6b | US$6.2b | 25.5x | 111.7x | 3x |
| Tue, 20 Jun 2023 | US$694.9b | US$228.3b | US$5.9b | 24.4x | 117.5x | 3x |
| Thu, 18 May 2023 | US$630.7b | US$229.7b | US$6.4b | 23.7x | 97.8x | 2.7x |
| Sat, 15 Apr 2023 | US$588.9b | US$225.6b | US$2.5b | 23.6x | 239.4x | 2.6x |
| Mon, 13 Mar 2023 | US$1.9t | US$463.9b | US$22.4b | 25.1x | 84x | 4x |
| Wed, 08 Feb 2023 | US$2.1t | US$459.9b | US$40.4b | 28.9x | 51.1x | 4.5x |
| Fri, 06 Jan 2023 | US$1.9t | US$457.8b | US$39.2b | 27.4x | 48.1x | 4.1x |
| Sun, 04 Dec 2022 | US$2.0t | US$456.9b | US$39.0b | 29.3x | 51.3x | 4.4x |
| Tue, 01 Nov 2022 | US$1.9t | US$453.9b | US$36.9b | 26.5x | 51.6x | 4.2x |
| Thu, 29 Sep 2022 | US$1.8t | US$449.2b | US$41.7b | 25.4x | 43.4x | 4x |
| Sat, 27 Aug 2022 | US$2.0t | US$446.6b | US$41.6b | 29x | 48.7x | 4.5x |
| Mon, 25 Jul 2022 | US$2.0t | US$442.9b | US$47.6b | 29.5x | 42.5x | 4.6x |
| Wed, 22 Jun 2022 | US$1.9t | US$439.3b | US$46.9b | 27.2x | 40.1x | 4.3x |
Price to Earnings Ratio
40.1x
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 57.2x which is lower than its 3-year average PE of 67.7x.
- The 3-year average PS ratio of 3.5x is lower than the industry's current PS ratio of 4.1x.
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 | -0.55% | |
| Tech | -0.11% | |
| IT | -1.23% | |
| IT Consulting | 0.084% | |
| Data Processing Services | -1.85% | |
| Internet Services and Infrastructure | -2.95% | |
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 10.2%, 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 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?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| IBM International Business Machines | US$277.22 | 3.1% +US$7.6b | 63.8% | PE45.9x | |
| CRWV CoreWeave | US$147.19 | 5.0% +US$3.4b | n/a | PS26.1x | |
| KC Kingsoft Cloud Holdings | US$12.43 | 3.8% +US$268.2m | 325.7% | PS3x | |
| GDS GDS Holdings | US$25.68 | 1.6% +US$80.2m | 186.6% | PE233.1x | |
| RXT Rackspace Technology | US$1.27 | 7.6% +US$21.4m | -49.6% | PS0.1x |