Fundamental Growth in EPS by Sector (US)

Data Used: Multiple data services

Date of Analysis: Data used is as of January 2026

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 52 -1.34% 99.73% -1.34%
Aerospace/Defense 79 15.27% 49.85% 7.61%
Air Transport 23 14.19% 86.79% 12.32%
Apparel 35 10.42% 49.91% 5.20%
Auto & Truck 33 3.16% 41.69% 1.32%
Auto Parts 35 2.17% -9.55% -0.21%
Bank (Money Center) 15 12.86% 71.89% 9.25%
Banks (Regional) 568 9.75% 63.91% 6.23%
Beverage (Alcoholic) 14 0.57% 99.78% 0.57%
Beverage (Soft) 27 30.92% 27.33% 8.45%
Broadcasting 24 3.99% 39.17% 1.56%
Brokerage & Investment Banking 32 17.77% 72.39% 12.86%
Building Materials 41 16.00% 74.45% 11.91%
Business & Consumer Services 155 18.20% 57.40% 10.44%
Cable TV 9 11.06% 66.54% 7.36%
Chemical (Basic) 29 -8.29% 99.59% -8.26%
Chemical (Diversified) 4 -15.30% #DIV/0! #DIV/0!
Chemical (Specialty) 59 3.50% -30.01% -1.05%
Coal & Related Energy 16 -2.51% 99.92% -2.51%
Computer Services 64 18.25% 49.01% 8.94%
Computers/Peripherals 36 -0.17% 83.97% -0.15%
Construction Supplies 40 22.86% 66.51% 15.20%
Diversified 20 11.37% 93.41% 10.62%
Drugs (Biotechnology) 496 -5.67% 99.88% -5.67%
Drugs (Pharmaceutical) 228 24.04% 41.37% 9.95%
Education 32 15.90% 86.17% 13.71%
Electrical Equipment 112 1.53% -129.69% -1.98%
Electronics (Consumer & Office) 8 -28.81% #DIV/0! #DIV/0!
Electronics (General) 114 12.62% 80.12% 10.11%
Engineering/Construction 48 26.14% 91.67% 23.96%
Entertainment 92 6.09% 77.12% 4.70%
Environmental & Waste Services 53 19.74% 60.20% 11.88%
Farming/Agriculture 35 12.04% 58.56% 7.05%
Financial Svcs. (Non-bank & Insurance) 176 28.82% 81.48% 23.48%
Food Processing 78 4.60% -43.11% -1.98%
Food Wholesalers 13 18.22% 61.93% 11.28%
Furn/Home Furnishings 27 3.11% -8.12% -0.25%
Green & Renewable Energy 15 -7.36% 99.87% -7.35%
Healthcare Products 204 11.26% 64.36% 7.25%
Healthcare Support Services 104 9.89% 50.63% 5.01%
Heathcare Information and Technology 115 6.40% 83.15% 5.32%
Homebuilding 30 14.23% 90.43% 12.87%
Hospitals/Healthcare Facilities 31 50.84% 90.66% 46.09%
Hotel/Gaming 63 45.38% 81.72% 37.09%
Household Products 110 27.02% 32.75% 8.85%
Information Services 15 14.95% 67.93% 10.15%
Insurance (General) 21 19.07% 63.36% 12.08%
Insurance (Life) 20 12.87% 66.39% 8.55%
Insurance (Prop/Cas.) 57 18.71% 77.51% 14.51%
Investments & Asset Management 283 15.88% 41.76% 6.63%
Machinery 105 16.42% 66.57% 10.93%
Metals & Mining 73 17.79% 48.00% 8.54%
Office Equipment & Services 14 13.23% 42.60% 5.63%
Oil/Gas (Integrated) 4 9.96% 32.27% 3.21%
Oil/Gas (Production and Exploration) 142 12.21% 58.30% 7.12%
Oil/Gas Distribution 23 18.03% 30.57% 5.51%
Oilfield Svcs/Equip. 97 8.65% 39.92% 3.45%
Packaging & Container 19 12.29% 44.42% 5.46%
Paper/Forest Products 6 7.01% -232.54% -16.31%
Power 46 12.40% 45.04% 5.58%
Precious Metals 56 23.52% 74.85% 17.61%
Publishing & Newspapers 19 13.83% 76.91% 10.64%
R.E.I.T. 190 5.04% -94.87% -4.78%
Real Estate (Development) 14 5.06% 100.00% 5.06%
Real Estate (General/Diversified) 12 10.77% 73.04% 7.86%
Real Estate (Operations & Services) 54 3.30% 72.95% 2.41%
Recreation 49 -12.76% 99.44% -12.69%
Reinsurance 1 7.79% 72.66% 5.66%
Restaurant/Dining 64 0.10% 35.46% 0.04%
Retail (Automotive) 34 34.38% 93.22% 32.05%
Retail (Building Supply) 14 NA 45.99% NA
Retail (Distributors) 62 18.33% 64.85% 11.89%
Retail (General) 23 26.05% 88.27% 23.00%
Retail (Grocery and Food) 15 12.90% 62.56% 8.07%
Retail (REITs) 26 6.36% -61.43% -3.91%
Retail (Special Lines) 94 30.12% 70.07% 21.10%
Rubber& Tires 3 -36.41% #DIV/0! #DIV/0!
Semiconductor 66 31.36% 83.61% 26.22%
Semiconductor Equip 31 35.78% 80.64% 28.85%
Shipbuilding & Marine 8 10.15% 85.33% 8.66%
Shoe 11 19.49% 35.07% 6.83%
Software (Entertainment) 77 36.51% 91.66% 33.47%
Software (Internet) 29 -1.47% 99.98% -1.47%
Software (System & Application) 309 29.62% 79.02% 23.41%
Steel 19 3.68% 34.94% 1.29%
Telecom (Wireless) 12 16.06% 48.55% 7.80%
Telecom. Equipment 57 24.96% 58.55% 14.61%
Telecom. Services 39 19.82% 52.32% 10.37%
Tobacco 10 NA 12.40% NA
Transportation 19 36.58% 70.88% 25.93%
Transportation (Railroads) 4 29.07% 57.30% 16.66%
Trucking 26 7.60% 71.63% 5.45%
Utility (General) 14 10.42% 34.60% 3.60%
Utility (Water) 14 17.21% 65.17% 11.22%
Total Market 5994 17.21% 65.17% 11.22%
Total Market (without financials) 4822 17.60% 63.35% 11.15%

Last updated in January 2026
By Aswath Damodaran