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U.S. IT Industry Analysis

UpdatedAug 16, 2025
DataAggregated Company Financials
Companies110
  • 7D-1.9%
  • 3M-3.8%
  • 1Y15.2%
  • YTD2.8%

Over the last 7 days, the IT industry has dropped 4.8%, driven by a pullback from CoreWeave of 23%. Over the past 12 months, the industry was up 15%. 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
Sat, 16 Aug 2025US$937.3bUS$250.3bUS$19.3b29.8x48.7x3.7x
Mon, 14 Jul 2025US$962.6bUS$241.7bUS$17.4b28.4x55.5x4x
Wed, 11 Jun 2025US$999.5bUS$240.4bUS$17.1b30.1x58.5x4.2x
Fri, 09 May 2025US$862.1bUS$238.5bUS$17.1b33.8x50.3x3.6x
Sun, 06 Apr 2025US$779.7bUS$242.3bUS$18.5b30.9x42.2x3.2x
Tue, 04 Mar 2025US$946.7bUS$239.9bUS$18.0b38.6x52.5x3.9x
Thu, 30 Jan 2025US$937.5bUS$234.1bUS$16.3b43.1x57.4x4x
Sat, 28 Dec 2024US$880.7bUS$234.7bUS$16.7b40.8x52.7x3.8x
Mon, 25 Nov 2024US$876.1bUS$233.0bUS$16.3b41.6x53.7x3.8x
Wed, 23 Oct 2024US$829.1bUS$232.8bUS$17.8b43.7x46.6x3.6x
Fri, 20 Sep 2024US$764.8bUS$233.3bUS$17.5b35.5x43.6x3.3x
Sun, 18 Aug 2024US$745.7bUS$232.8bUS$17.5b35.3x42.5x3.2x
Tue, 16 Jul 2024US$729.5bUS$236.9bUS$17.2b28.6x42.5x3.1x
Thu, 13 Jun 2024US$686.6bUS$237.2bUS$17.3b27.4x39.8x2.9x
Sat, 11 May 2024US$713.7bUS$236.9bUS$16.7b23.4x42.7x3x
Mon, 08 Apr 2024US$763.7bUS$227.8bUS$13.8b25.6x55.2x3.4x
Wed, 06 Mar 2024US$824.2bUS$227.7bUS$14.3b21.2x57.6x3.6x
Fri, 02 Feb 2024US$826.1bUS$230.1bUS$13.4b23.4x61.8x3.6x
Sun, 31 Dec 2023US$797.2bUS$229.5bUS$12.8b20.7x62.2x3.5x
Tue, 28 Nov 2023US$737.5bUS$228.5bUS$12.7b20.6x58.1x3.2x
Thu, 26 Oct 2023US$621.1bUS$227.2bUS$6.5b18x96x2.7x
Sat, 23 Sep 2023US$671.1bUS$226.6bUS$6.8b24x99x3x
Mon, 21 Aug 2023US$650.0bUS$226.1bUS$6.5b20.5x99.3x2.9x
Wed, 19 Jul 2023US$709.8bUS$228.7bUS$6.1b25.9x116.5x3.1x
Fri, 16 Jun 2023US$690.6bUS$228.3bUS$5.9b24.2x116.7x3x
Sun, 14 May 2023US$615.5bUS$229.7bUS$6.5b23.5x95x2.7x
Tue, 11 Apr 2023US$590.7bUS$225.6bUS$2.5b23.2x240.2x2.6x
Thu, 09 Mar 2023US$2.0tUS$463.8bUS$22.5b26.4x87.3x4.2x
Sat, 04 Feb 2023US$2.1tUS$459.5bUS$40.0b28.4x51.9x4.5x
Mon, 02 Jan 2023US$1.9tUS$457.8bUS$39.2b27.5x48.1x4.1x
Wed, 30 Nov 2022US$1.9tUS$456.3bUS$39.0b28.3x49x4.2x
Fri, 28 Oct 2022US$1.9tUS$453.7bUS$36.9b26.5x51.2x4.2x
Sun, 25 Sep 2022US$1.8tUS$448.9bUS$41.6b25.9x43.3x4x
Tue, 23 Aug 2022US$2.1tUS$445.9bUS$41.6b29.3x49.8x4.6x
Price to Earnings Ratio

49.8x


Total Market Cap: US$2.1tTotal Earnings: US$41.6bTotal Revenue: US$445.9bTotal 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 23% 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 Market1.01%
Tech-0.30%
IT-1.94%
IT Consulting0.52%
Data Processing Services-0.25%
Internet Services and Infrastructure-4.28%
Industry PE
  • Investors are most optimistic about the Internet Services and Infrastructure industry which is trading above its 3-year average PE ratio.
    • Analysts are expecting annual earnings growth of 27.2%, which is higher than its past year's earnings decline of 25.2% per year.
  • Investors are most pessimistic about the IT Consulting industry, which is trading below its 3-year average of 31.9x.
Forecasted Growth
  • Analysts are most optimistic on the Internet Services and Infrastructure industry, expecting annual earnings growth of 27% 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
ACN AccentureUS$247.013.3%
+US$4.9b		-24.4%PE19.5x
SNOW SnowflakeUS$199.083.8%
+US$2.5b		55.5%PS17.3x
GDDY GoDaddyUS$145.969.5%
+US$1.7b		-10.8%PE25x
TWLO TwilioUS$105.677.1%
+US$1.1b		72.7%PE800.9x
MDB MongoDBUS$218.264.3%
+US$742.0m		-13.1%PS8.5x

Latest News

VRSN
US$269.89
VeriSign
7D
-0.7%
1Y
50.1%
CRWV
US$99.97
CoreWeave
7D
-22.8%
1Y
n/a
GLOB
US$66.46
Globant
7D
-11.0%
1Y
-67.5%
ACN
US$247.01
Accenture
7D
3.3%
1Y
-24.4%
TWLO
US$105.67
Twilio
7D
7.1%
1Y
72.7%

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Aug 15
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TSSI
US$16.14
TSS
7D
-19.9%
1Y
324.7%
AKAM
US$74.42
Akamai Technologies
7D
5.5%
1Y
-26.0%
SNOW
US$199.08
Snowflake
7D
3.8%
1Y
55.5%
MDB
US$218.26
MongoDB
7D
4.3%
1Y
-13.1%
IT
US$238.69
Gartner
7D
4.2%
1Y
-50.6%
SHOP
US$141.47
Shopify
7D
-5.4%
1Y
89.8%

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DOX
US$87.36
Amdocs
7D
-2.3%
1Y
4.1%
GDDY
US$145.96
GoDaddy
7D
9.5%
1Y
-10.8%
NET
US$200.91
Cloudflare
7D
-1.8%
1Y
143.9%
GDS
US$31.41
GDS Holdings
7D
-13.6%
1Y
158.5%
IBM
US$239.72
International Business Machines
7D
-1.1%
1Y
23.7%