Fundamental Growth in EPS by Sector (US)

Data Used: Multiple data services

Date of Analysis: Data used is as of January 2024

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 57 3.25% -182.84% -5.95%
Aerospace/Defense 70 13.19% 46.31% 6.11%
Air Transport 25 21.94% 92.14% 20.21%
Apparel 38 9.20% 25.02% 2.30%
Auto & Truck 34 9.37% 64.54% 6.05%
Auto Parts 39 5.72% 54.63% 3.13%
Bank (Money Center) 15 14.87% 75.66% 11.25%
Banks (Regional) 625 12.14% 67.99% 8.26%
Beverage (Alcoholic) 19 8.70% 45.37% 3.95%
Beverage (Soft) 29 30.56% 33.61% 10.27%
Broadcasting 22 -2.16% 99.78% -2.15%
Brokerage & Investment Banking 27 10.41% 56.47% 5.88%
Building Materials 44 21.35% 70.98% 15.16%
Business & Consumer Services 162 14.00% 40.22% 5.63%
Cable TV 10 19.47% 78.07% 15.20%
Chemical (Basic) 32 8.89% -31.27% -2.78%
Chemical (Diversified) 4 -2.36% 98.96% -2.34%
Chemical (Specialty) 68 14.94% 66.75% 9.97%
Coal & Related Energy 18 29.07% 84.84% 24.66%
Computer Services 72 18.77% 42.93% 8.06%
Computers/Peripherals 36 0.00% 82.56% 0.00%
Construction Supplies 45 27.11% 76.29% 20.68%
Diversified 23 15.87% 91.84% 14.57%
Drugs (Biotechnology) 572 -11.59% 99.91% -11.58%
Drugs (Pharmaceutical) 245 17.32% 30.04% 5.20%
Education 31 1.67% 61.92% 1.04%
Electrical Equipment 103 23.70% 82.82% 19.63%
Electronics (Consumer & Office) 13 -6.63% 100.00% -6.63%
Electronics (General) 129 8.80% 71.47% 6.29%
Engineering/Construction 43 6.41% 78.33% 5.02%
Entertainment 98 -0.27% 99.66% -0.27%
Environmental & Waste Services 57 21.01% 63.66% 13.38%
Farming/Agriculture 42 27.51% 82.67% 22.74%
Financial Svcs. (Non-bank & Insurance) 172 22.36% 72.19% 16.14%
Food Processing 82 10.10% 31.29% 3.16%
Food Wholesalers 14 21.11% 61.84% 13.06%
Furn/Home Furnishings 31 -6.53% 99.14% -6.47%
Green & Renewable Energy 17 10.68% 74.40% 7.94%
Healthcare Products 230 8.31% 58.23% 4.84%
Healthcare Support Services 119 15.62% 70.37% 10.99%
Heathcare Information and Technology 128 5.18% 80.27% 4.16%
Homebuilding 32 22.88% 93.57% 21.41%
Hospitals/Healthcare Facilities 32 61.97% 87.22% 54.05%
Hotel/Gaming 68 35.87% 91.57% 32.84%
Household Products 93 26.98% -22.23% -6.00%
Information Services 18 8.43% 39.30% 3.31%
Insurance (General) 21 13.52% 67.25% 9.09%
Insurance (Life) 23 1.32% -281.21% -3.72%
Insurance (Prop/Cas.) 50 10.36% 64.87% 6.72%
Investments & Asset Management 334 13.78% 57.89% 7.98%
Machinery 103 19.02% 63.73% 12.12%
Metals & Mining 68 12.17% 4.53% 0.55%
Office Equipment & Services 17 2.66% -125.17% -3.33%
Oil/Gas (Integrated) 4 19.85% 62.86% 12.48%
Oil/Gas (Production and Exploration) 166 31.09% 68.73% 21.37%
Oil/Gas Distribution 24 42.41% 60.16% 25.51%
Oilfield Svcs/Equip. 100 29.65% 81.19% 24.07%
Packaging & Container 22 8.54% 29.78% 2.54%
Paper/Forest Products 7 15.17% 72.42% 10.98%
Power 50 8.60% 23.33% 2.01%
Precious Metals 61 -2.33% 99.12% -2.31%
Publishing & Newspapers 21 3.40% 12.84% 0.44%
R.E.I.T. 193 4.57% -115.22% -5.27%
Real Estate (Development) 17 -8.54% 100.00% -8.54%
Real Estate (General/Diversified) 11 9.11% 75.08% 6.84%
Real Estate (Operations & Services) 60 -8.27% 99.24% -8.21%
Recreation 55 2.56% -99.59% -2.55%
Reinsurance 1 31.23% 81.07% 25.32%
Restaurant/Dining 64 NA 46.92% NA
Retail (Automotive) 30 47.33% 94.21% 44.59%
Retail (Building Supply) 16 NA 53.36% NA
Retail (Distributors) 62 25.45% 74.78% 19.03%
Retail (General) 26 19.55% 78.26% 15.30%
Retail (Grocery and Food) 14 14.78% 63.08% 9.32%
Retail (REITs) 28 6.52% -55.57% -3.63%
Retail (Special Lines) 105 9.64% 12.96% 1.25%
Rubber& Tires 3 -10.00% NA NA
Semiconductor 63 12.61% 51.13% 6.45%
Semiconductor Equip 30 32.89% 79.91% 26.28%
Shipbuilding & Marine 8 7.82% 70.66% 5.52%
Shoe 13 29.90% 67.74% 20.26%
Software (Entertainment) 84 23.26% 99.75% 23.20%
Software (Internet) 35 -14.54% 100.00% -14.54%
Software (System & Application) 351 24.44% 72.78% 17.79%
Steel 29 22.19% 87.53% 19.43%
Telecom (Wireless) 13 9.74% 88.95% 8.66%
Telecom. Equipment 66 24.55% 53.92% 13.24%
Telecom. Services 42 -0.34% 99.84% -0.34%
Tobacco 16 NA 12.02% NA
Transportation 36 28.27% 59.49% 16.82%
Transportation (Railroads) 4 31.68% 56.48% 17.89%
Trucking 22 12.97% 82.64% 10.72%
Utility (General) 14 11.15% 41.12% 4.59%
Utility (Water) 13 15.98% 60.76% 9.71%
Total Market  6481 15.98% 60.76% 9.71%
Total Market (without financials) 5214 16.59% 58.73% 9.75%

Last updated in January 2024
By Aswath Damodaran