Fundamental Growth in EPS by Sector (US)

Data Used: Multiple data services

Date of Analysis: Data used is as of January 2025

Download as an excel file instead: https://www.stern.nyu.edu/~adamodar/pc/datasets/fundgr.xls

For global datasets: https://www.stern.nyu.edu/~adamodar/New_Home_Page/data.html

can be obtained by clicking here

on which companies are included in each industry


Industry Name Number of Firms ROE Retention Ratio Fundamental Growth 
Advertising 54 11.85% 16.64% 1.97%
Aerospace/Defense 67 11.94% 48.50% 5.79%
Air Transport 24 13.27% 85.50% 11.35%
Apparel 37 8.47% 37.16% 3.15%
Auto & Truck 34 9.27% 93.07% 8.62%
Auto Parts 33 7.09% 67.34% 4.77%
Bank (Money Center) 15 11.52% 68.75% 7.92%
Banks (Regional) 591 6.80% 44.52% 3.03%
Beverage (Alcoholic) 18 9.49% 44.50% 4.22%
Beverage (Soft) 29 30.61% 31.31% 9.58%
Broadcasting 22 -9.12% 99.37% -9.07%
Brokerage & Investment Banking 30 13.11% 62.84% 8.24%
Building Materials 39 27.36% 83.37% 22.81%
Business & Consumer Services 152 18.27% 58.72% 10.73%
Cable TV 9 15.50% 67.75% 10.50%
Chemical (Basic) 31 6.37% -28.18% -1.79%
Chemical (Diversified) 4 -1.30% 98.04% -1.28%
Chemical (Specialty) 60 7.78% 40.77% 3.17%
Coal & Related Energy 16 11.34% 93.15% 10.56%
Computer Services 63 17.44% 44.69% 7.79%
Computers/Peripherals 35 0.02% 82.03% 0.02%
Construction Supplies 46 25.63% 70.78% 18.14%
Diversified 21 20.90% 94.97% 19.85%
Drugs (Biotechnology) 535 -14.12% 99.03% -13.98%
Drugs (Pharmaceutical) 231 10.49% -25.49% -2.68%
Education 29 4.22% 28.13% 1.19%
Electrical Equipment 101 4.78% 19.73% 0.94%
Electronics (Consumer & Office) 11 -30.96% #DIV/0! #DIV/0!
Electronics (General) 122 10.19% 77.77% 7.93%
Engineering/Construction 42 13.08% 91.75% 12.00%
Entertainment 96 -3.90% 99.92% -3.90%
Environmental & Waste Services 50 22.32% 63.67% 14.21%
Farming/Agriculture 35 15.33% 69.43% 10.64%
Financial Svcs. (Non-bank & Insurance) 166 31.55% 81.87% 25.83%
Food Processing 77 9.80% 32.04% 3.14%
Food Wholesalers 14 20.05% 65.50% 13.13%
Furn/Home Furnishings 28 5.85% 15.66% 0.92%
Green & Renewable Energy 18 -11.57% 99.92% -11.57%
Healthcare Products 218 8.88% 64.19% 5.70%
Healthcare Support Services 113 11.66% 57.82% 6.74%
Heathcare Information and Technology 116 3.93% 74.33% 2.92%
Homebuilding 30 20.15% 92.70% 18.68%
Hospitals/Healthcare Facilities 33 76.10% 76.84% 58.48%
Hotel/Gaming 65 42.05% 84.84% 35.68%
Household Products 101 26.24% 26.12% 6.86%
Information Services 16 15.90% 65.83% 10.47%
Insurance (General) 22 5.63% 16.48% 0.93%
Insurance (Life) 19 11.89% 58.45% 6.95%
Insurance (Prop/Cas.) 53 22.60% 83.12% 18.79%
Investments & Asset Management 231 13.32% 40.37% 5.38%
Machinery 109 16.56% 65.76% 10.89%
Metals & Mining 64 12.50% 30.94% 3.87%
Office Equipment & Services 14 3.37% -101.26% -3.41%
Oil/Gas (Integrated) 4 14.20% 47.63% 6.77%
Oil/Gas (Production and Exploration) 147 17.60% 62.37% 10.98%
Oil/Gas Distribution 24 19.75% 39.27% 7.76%
Oilfield Svcs/Equip. 97 13.27% 61.28% 8.13%
Packaging & Container 22 20.76% 67.65% 14.04%
Paper/Forest Products 6 24.20% 80.49% 19.48%
Power 48 11.13% 44.54% 4.96%
Precious Metals 60 -3.82% 98.47% -3.76%
Publishing & Newspapers 19 4.19% 27.24% 1.14%
R.E.I.T. 192 4.73% -103.80% -4.91%
Real Estate (Development) 15 6.34% 99.93% 6.34%
Real Estate (General/Diversified) 11 4.31% 44.22% 1.91%
Real Estate (Operations & Services) 60 -1.91% 96.96% -1.85%
Recreation 50 1.75% -228.96% -4.00%
Reinsurance 1 9.02% 68.78% 6.20%
Restaurant/Dining 62 NA 44.88% NA
Retail (Automotive) 29 35.70% 94.04% 33.57%
Retail (Building Supply) 13 NA 46.77% NA
Retail (Distributors) 66 21.64% 68.78% 14.88%
Retail (General) 24 25.37% 85.83% 21.77%
Retail (Grocery and Food) 17 21.09% 76.33% 16.10%
Retail (REITs) 28 7.34% -43.64% -3.20%
Retail (Special Lines) 98 10.13% 13.57% 1.38%
Rubber& Tires 3 -6.41% #DIV/0! #DIV/0!
Semiconductor 63 19.08% 67.37% 12.86%
Semiconductor Equip 30 31.78% 79.20% 25.17%
Shipbuilding & Marine 8 11.72% 84.95% 9.95%
Shoe 12 31.67% 67.50% 21.38%
Software (Entertainment) 81 33.46% 94.05% 31.47%
Software (Internet) 29 -3.09% 99.99% -3.08%
Software (System & Application) 333 27.66% 76.82% 21.25%
Steel 27 10.04% 79.06% 7.94%
Telecom (Wireless) 11 13.42% 68.47% 9.19%
Telecom. Equipment 61 15.03% 33.09% 4.97%
Telecom. Services 32 7.75% -17.84% -1.38%
Tobacco 12 NA 25.52% NA
Transportation 21 17.32% 40.22% 6.97%
Transportation (Railroads) 4 31.99% 57.28% 18.32%
Trucking 24 9.32% 76.57% 7.14%
Utility (General) 14 10.81% 36.77% 3.98%
Utility (Water) 15 15.93% 62.07% 9.89%
Total Market 6062 15.93% 62.07% 9.89%
Total Market (without financials) 4935 16.41% 60.32% 9.90%

Last updated in January 2025
By Aswath Damodaran