Historical (Compounded Annual) Growth Rates by Sector

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/histgr.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 CAGR in Net Income- Last 5 years CAGR in Revenues- Last 5 years Expected Growth in Revenues - Next 2 years Expected Growth in Revenues - Next 5 years Expected Growth in EPS - Next 5 years
Advertising 54 17.43% -1.62% 9.03% 7.29% 22.98%
Aerospace/Defense 67 3.49% 8.21% 11.70% 12.44% 19.02%
Air Transport 24 -3.59% 2.64% 38.29% 53.10% 35.25%
Apparel 37 -3.59% 6.97% 0.19% 2.32% 5.95%
Auto & Truck 34 8.37% 10.90% 96.68% 35.19% 10.41%
Auto Parts 33 5.16% 6.49% 17.72% 8.01% 15.29%
Bank (Money Center) 15 -4.36% 6.00% 2.11% 4.21% 11.92%
Banks (Regional) 591 4.60% 6.54% 7.04% 5.07% 6.50%
Beverage (Alcoholic) 18 11.44% 5.09% -2.44% 2.74% 11.17%
Beverage (Soft) 29 19.50% 16.75% 3.78% 7.21% 11.26%
Broadcasting 22 -9.88% 1.89% -0.46% -0.03% 192.49%
Brokerage & Investment Banking 30 12.63% 22.19% 16.12% 7.10% 15.37%
Building Materials 39 17.08% 4.06% 4.46% 4.61% 11.54%
Business & Consumer Services 152 5.58% 5.24% 5.38% 7.28% 13.83%
Cable TV 9 30.20% 24.15% -2.36% -1.34% 0.15%
Chemical (Basic) 31 2.53% 8.67% 4.08% 0.23% 7.62%
Chemical (Diversified) 4 -28.50% 1.67% -0.85% #DIV/0! 39.10%
Chemical (Specialty) 60 6.37% 9.19% 18.80% 13.52% 10.42%
Coal & Related Energy 16 21.13% 0.65% 424.76% 64.96% #DIV/0!
Computer Services 63 4.27% 9.34% 3.20% 30.28% 19.93%
Computers/Peripherals 35 6.79% 3.55% 10.36% 4.26% 11.48%
Construction Supplies 46 21.92% 3.75% 613.56% 4.59% 11.01%
Diversified 21 8.56% 11.62% -2.80% 1.13% 5.44%
Drugs (Biotechnology) 535 1.09% 23.77% 136.39% 72.35% 17.95%
Drugs (Pharmaceutical) 231 -2.96% 24.78% 80.18% 37.05% 12.21%
Education 29 5.79% 4.77% 6.51% 11.31% 16.88%
Electrical Equipment 101 5.39% 13.29% 37.31% 28.07% 13.30%
Electronics (Consumer & Office) 11 0.00% -7.00% -4.02% #DIV/0! 22.50%
Electronics (General) 122 14.43% 10.59% 10.95% 19.17% 15.89%
Engineering/Construction 42 22.70% 8.65% 9.27% 6.18% 16.82%
Entertainment 96 11.09% 13.25% 7.42% 5.92% 14.53%
Environmental & Waste Services 50 9.91% 19.64% 38.16% 9.94% 12.88%
Farming/Agriculture 35 14.86% 22.23% 4.93% 12.80% 7.54%
Financial Svcs. (Non-bank & Insurance) 166 9.49% 14.79% 11.15% 8.04% 16.14%
Food Processing 77 5.11% 10.02% 4.89% 3.18% 10.36%
Food Wholesalers 14 13.09% 11.90% 1.98% 4.21% 19.09%
Furn/Home Furnishings 28 6.29% -0.28% -1.13% 3.69% 11.57%
Green & Renewable Energy 18 4.83% 15.73% 15.06% 9.48% 0.27%
Healthcare Products 218 10.97% 14.61% 34.71% 25.20% 11.51%
Healthcare Support Services 113 9.27% 11.34% 9.66% 9.47% 9.67%
Heathcare Information and Technology 116 10.19% 14.73% 10.64% 13.11% 12.58%
Homebuilding 30 22.80% 9.00% 9.51% 4.81% 13.42%
Hospitals/Healthcare Facilities 33 7.85% 1.57% 5.81% 4.60% 17.16%
Hotel/Gaming 65 22.35% 11.90% 6.03% 9.38% 56.71%
Household Products 101 4.49% 3.15% 19.93% 4.22% 10.21%
Information Services 16 10.77% 2.53% 4.79% 3.62% 8.53%
Insurance (General) 22 12.66% 12.98% 11.67% 6.87% 19.76%
Insurance (Life) 19 8.14% 3.70% 7.24% -4.36% 10.18%
Insurance (Prop/Cas.) 53 16.50% 9.12% 18.91% 6.45% 26.77%
Investments & Asset Management 231 12.29% 8.37% 8.45% 3.29% 14.95%
Machinery 109 8.24% 6.23% 35.49% 18.92% 13.01%
Metals & Mining 64 8.42% 1.84% 8.07% 8.83% 18.70%
Office Equipment & Services 14 23.01% 14.15% -1.02% 3.63% 14.17%
Oil/Gas (Integrated) 4 17.66% 0.20% -1.09% -4.25% 3.42%
Oil/Gas (Production and Exploration) 147 12.19% 5.35% 7.93% 7.31% 7.00%
Oil/Gas Distribution 24 36.35% 19.87% 5.85% 7.24% 1.24%
Oilfield Svcs/Equip. 97 26.74% 5.25% 4.93% 7.93% 20.93%
Packaging & Container 22 4.02% 4.02% 1.96% 3.47% 8.58%
Paper/Forest Products 6 45.90% 4.54% 3.12% 4.13% 5.85%
Power 48 5.74% 5.06% 3.45% 5.23% 5.97%
Precious Metals 60 0.00% 4.47% 22.41% 8.65% 9.77%
Publishing & Newspapers 19 8.72% 1.50% 0.41% 3.72% 12.41%
R.E.I.T. 192 5.89% 7.06% 4.24% 4.62% 6.72%
Real Estate (Development) 15 18.16% 15.10% 11.65% #DIV/0! #DIV/0!
Real Estate (General/Diversified) 11 4.85% 14.35% 2.25% #DIV/0! #DIV/0!
Real Estate (Operations & Services) 60 -8.86% 4.53% 9.34% 10.06% 53.93%
Recreation 50 4.35% 8.77% 1.45% 4.04% 9.16%
Reinsurance 1 -0.49% 9.66% 10.40% #DIV/0! #DIV/0!
Restaurant/Dining 62 0.18% 8.60% 9.56% 16.68% 16.35%
Retail (Automotive) 29 6.27% 10.32% 4.91% 6.36% 8.73%
Retail (Building Supply) 13 7.01% 5.15% -0.54% 3.28% 15.48%
Retail (Distributors) 66 18.50% 7.07% 3.24% 4.81% 10.96%
Retail (General) 24 6.90% 14.40% 4.66% 4.13% 3.91%
Retail (Grocery and Food) 17 27.58% 9.28% 6.68% 5.07% 9.52%
Retail (REITs) 28 3.48% 7.91% 4.46% 8.58% 4.44%
Retail (Special Lines) 98 13.77% 6.79% 1.37% 4.10% 13.52%
Rubber& Tires 3 0.00% 2.76% -3.06% #DIV/0! 124.40%
Semiconductor 63 19.36% 5.13% 11.00% 15.27% 17.52%
Semiconductor Equip 30 19.06% 11.67% 13.72% 10.58% 21.04%
Shipbuilding & Marine 8 21.58% -4.27% 7.37% #DIV/0! 33.25%
Shoe 12 19.48% 9.91% 1.14% 5.51% 10.34%
Software (Entertainment) 81 0.26% 28.07% 13.87% 9.95% 19.77%
Software (Internet) 29 22.12% 19.72% 13.34% 12.26% 22.39%
Software (System & Application) 333 23.26% 15.55% 15.67% 13.19% 21.83%
Steel 27 8.82% 6.05% -1.15% 2.80% 11.41%
Telecom (Wireless) 11 25.30% 28.07% -1.26% 2.56% 12.80%
Telecom. Equipment 61 5.25% 2.55% 8.84% 6.31% 10.98%
Telecom. Services 32 21.79% 10.58% 6.02% 52.53% -2.98%
Tobacco 12 15.56% -0.52% 13.46% 3.53% 11.67%
Transportation 21 16.55% 8.57% 9.05% 5.81% -6.31%
Transportation (Railroads) 4 0.23% 2.23% 5.75% 3.51% 8.61%
Trucking 24 4.19% 10.23% 3.73% 7.87% 12.03%
Utility (General) 14 6.03% 2.36% 3.58% 5.04% 6.90%
Utility (Water) 15 14.78% 11.65% 6.70% 4.65% 14.10%
Total Market 6062 9.08% 9.97% 28.94% 21.44% 14.70%
Total Market (without financials) 4935 9.39% 10.25% 33.55% 25.16% 15.50%

Last updated in January 2025
By Aswath Damodaran