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U.S. IT Industry Analysis

UpdatedAug 07, 2025
DataAggregated Company Financials
Companies106
  • 7D0.4%
  • 3M8.9%
  • 1Y26.9%
  • YTD8.6%

Last week, the IT industry hasn't moved much but Shopify is up 26% in that time. As for the the longer term, the industry is up 27% over the past 12 months. 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?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 07 Aug 2025US$928.1bUS$244.2bUS$18.6b26.4x49.8x3.8x
Sat, 05 Jul 2025US$1.0tUS$241.7bUS$17.4b29.5x59.3x4.3x
Mon, 02 Jun 2025US$948.6bUS$240.3bUS$17.0b29x55.7x3.9x
Wed, 30 Apr 2025US$848.6bUS$242.4bUS$18.0b31x47.2x3.5x
Fri, 28 Mar 2025US$891.3bUS$242.7bUS$18.3b42.5x48.7x3.7x
Sun, 23 Feb 2025US$976.6bUS$239.7bUS$18.2b40.2x53.8x4.1x
Tue, 21 Jan 2025US$872.5bUS$234.1bUS$16.3b42.1x53.4x3.7x
Thu, 19 Dec 2024US$901.0bUS$233.2bUS$16.4b43.7x55x3.9x
Sat, 16 Nov 2024US$846.0bUS$232.7bUS$16.3b44.3x51.8x3.6x
Mon, 14 Oct 2024US$823.0bUS$232.9bUS$17.8b43.4x46.3x3.5x
Wed, 11 Sep 2024US$746.9bUS$233.2bUS$17.5b35.5x42.6x3.2x
Fri, 09 Aug 2024US$712.2bUS$232.9bUS$17.5b29x40.6x3.1x
Sun, 07 Jul 2024US$718.8bUS$236.9bUS$17.2b26.9x41.8x3x
Tue, 04 Jun 2024US$671.5bUS$237.1bUS$17.3b27.8x38.8x2.8x
Thu, 02 May 2024US$699.6bUS$228.0bUS$14.3b26.2x48.9x3.1x
Sat, 30 Mar 2024US$783.3bUS$227.8bUS$13.8b24.5x56.6x3.4x
Mon, 26 Feb 2024US$827.1bUS$227.5bUS$14.2b22x58.2x3.6x
Wed, 24 Jan 2024US$818.4bUS$229.4bUS$12.9b23.2x63.2x3.6x
Fri, 22 Dec 2023US$774.9bUS$229.5bUS$12.8b20.3x60.5x3.4x
Sun, 19 Nov 2023US$717.0bUS$228.4bUS$12.7b20.7x56.5x3.1x
Tue, 17 Oct 2023US$659.4bUS$227.2bUS$6.5b20.9x101.9x2.9x
Thu, 14 Sep 2023US$693.9bUS$226.6bUS$6.8b22.9x102.2x3.1x
Sat, 12 Aug 2023US$665.1bUS$226.3bUS$6.7b22.8x99.6x2.9x
Mon, 10 Jul 2023US$667.8bUS$228.6bUS$6.1b24.2x109.6x2.9x
Wed, 07 Jun 2023US$675.2bUS$228.2bUS$5.9b24.2x114x3x
Fri, 05 May 2023US$605.3bUS$233.0bUS$3.9b23x154.2x2.6x
Sun, 02 Apr 2023US$606.6bUS$225.6bUS$2.4b22.3x254x2.7x
Tue, 28 Feb 2023US$2.0tUS$462.7bUS$22.3b26.9x87.6x4.2x
Thu, 26 Jan 2023US$2.0tUS$458.3bUS$39.1b28.4x51.7x4.4x
Sat, 24 Dec 2022US$1.9tUS$457.9bUS$39.2b27.9x47.5x4.1x
Mon, 21 Nov 2022US$1.9tUS$456.7bUS$37.9b28.2x50.9x4.2x
Wed, 19 Oct 2022US$1.8tUS$449.5bUS$41.7b26.7x43.7x4x
Fri, 16 Sep 2022US$1.9tUS$447.0bUS$41.4b25.6x47x4.3x
Sun, 14 Aug 2022US$2.2tUS$445.4bUS$41.6b30.1x51.8x4.8x
Price to Earnings Ratio

51.8x


Total Market Cap: US$2.2tTotal Earnings: US$41.6bTotal Revenue: US$445.4bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. IT Industry Price to Earnings3Y Average 68.4x202320242025
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 49.8x which is lower than its 3-year average PE of 68.4x.
  • The industry is trading close to its 3-year average PS ratio of 3.5x.
Past Earnings Growth
  • The earnings for companies in the IT industry have declined 24% 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-0.16%
Tech0.24%
IT0.39%
Internet Services and Infrastructure9.59%
Data Processing Services1.82%
IT Consulting-6.84%
Industry PE
  • Investors are most optimistic about the Data Processing Services industry which is trading above its 3-year average PE ratio of 29.7x.
    • Analysts are expecting annual earnings growth of 14.0%, which is lower than the prior year's growth of 17.2% per year.
Forecasted Growth
  • Analysts are most optimistic on the Internet Services and Infrastructure industry, expecting annual earnings growth of 28% over the next 5 years.
  • This is better than its past earnings decline of 25% 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
SHOP ShopifyUS$154.9025.9%
+US$41.4b		142.4%PE85.7x
NET CloudflareUS$215.537.3%
+US$5.5b		182.2%PS39.9x
CRWV CoreWeaveUS$110.247.1%
+US$3.5b		n/aPS19.5x
APLD Applied DigitalUS$14.7947.5%
+US$1.2b		279.2%PS26.8x
DOCN DigitalOcean HoldingsUS$36.4731.2%
+US$789.4m		31.7%PE26.3x

Latest News

NET
US$215.53
Cloudflare
7D
7.3%
1Y
182.2%
SHOP
US$154.90
Shopify
7D
25.9%
1Y
142.4%
IT
US$243.71
Gartner
7D
-29.1%
1Y
-47.8%
TSSI
US$28.75
TSS
7D
14.5%
1Y
1,133.9%

Do TSS' (NASDAQ:TSSI) Earnings Warrant Your Attention?

Aug 06
Do TSS' (NASDAQ:TSSI) Earnings Warrant Your Attention?
APLD
US$14.79
Applied Digital
7D
47.5%
1Y
279.2%
MDB
US$235.82
MongoDB
7D
-3.5%
1Y
4.9%
DOCN
US$36.47
DigitalOcean Holdings
7D
31.2%
1Y
31.7%
KD
US$29.68
Kyndryl Holdings
7D
-21.9%
1Y
36.3%
SNOW
US$210.54
Snowflake
7D
-4.4%
1Y
82.9%
GDDY
US$154.82
GoDaddy
7D
-5.5%
1Y
1.3%
VRSN
US$273.22
VeriSign
7D
2.3%
1Y
55.9%
IBM
US$252.28
International Business Machines
7D
-3.1%
1Y
35.1%
CRWV
US$110.24
CoreWeave
7D
7.1%
1Y
n/a
ACN
US$247.54
Accenture
7D
-9.7%
1Y
-22.2%
EPAM
US$151.31
EPAM Systems
7D
-7.7%
1Y
-27.3%
KC
US$14.22
Kingsoft Cloud Holdings
7D
3.9%
1Y
502.5%