Fundamental Growth in EBIT 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/fundgrEB.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 ROC Reinvestment Rate Expected Growth in EBIT
Advertising 52 27.72% -20.50% -5.68%
Aerospace/Defense 79 16.01% 67.92% 10.88%
Air Transport 23 7.93% 83.75% 6.64%
Apparel 35 15.77% 31.47% 4.96%
Auto & Truck 33 2.25% -38.56% -0.87%
Auto Parts 35 8.98% 38.99% 3.50%
Bank (Money Center) 15 NA 4.98% NA
Banks (Regional) 568 NA NA NA
Beverage (Alcoholic) 14 15.74% 22.02% 3.47%
Beverage (Soft) 27 29.03% 33.93% 9.85%
Broadcasting 24 14.57% 188.76% 27.50%
Brokerage & Investment Banking 32 NA NA NA
Building Materials 41 20.16% 38.23% 7.71%
Business & Consumer Services 155 28.30% 44.39% 12.56%
Cable TV 9 12.06% -6.82% -0.82%
Chemical (Basic) 29 3.72% 158.65% 5.91%
Chemical (Diversified) 4 4.05% -45.74% -1.85%
Chemical (Specialty) 59 10.95% 51.61% 5.65%
Coal & Related Energy 16 -4.76% NA NA
Computer Services 64 26.35% 44.41% 11.70%
Computers/Peripherals 36 44.76% 21.37% 9.56%
Construction Supplies 40 16.71% 63.01% 10.53%
Diversified 20 14.82% 18.27% 2.71%
Drugs (Biotechnology) 496 3.53% -45.02% -1.59%
Drugs (Pharmaceutical) 228 16.95% 10.00% 1.69%
Education 32 15.94% 23.52% 3.75%
Electrical Equipment 112 15.60% 54.68% 8.53%
Electronics (Consumer & Office) 8 -8.35% NA NA
Electronics (General) 114 17.91% 77.18% 13.82%
Engineering/Construction 48 25.32% 112.44% 28.47%
Entertainment 92 12.42% -15.55% -1.93%
Environmental & Waste Services 53 31.75% 121.40% 38.55%
Farming/Agriculture 35 7.28% 52.61% 3.83%
Financial Svcs. (Non-bank & Insurance) 176 NA 14.14% NA
Food Processing 78 15.95% 32.77% 5.23%
Food Wholesalers 13 17.84% 81.34% 14.51%
Furn/Home Furnishings 27 10.59% 140.06% 14.83%
Green & Renewable Energy 15 3.64% 63.82% 2.32%
Healthcare Products 204 16.98% 45.99% 7.81%
Healthcare Support Services 104 31.19% 50.71% 15.82%
Heathcare Information and Technology 115 13.72% 12.12% 1.66%
Homebuilding 30 14.91% 31.03% 4.63%
Hospitals/Healthcare Facilities 31 22.16% 33.91% 7.52%
Hotel/Gaming 63 14.58% 25.37% 3.70%
Household Products 110 34.42% 7.76% 2.67%
Information Services 15 22.17% -26.79% -5.94%
Insurance (General) 21 44.51% 324.21% 144.29%
Insurance (Life) 20 10.77% 5.31% 0.57%
Insurance (Prop/Cas.) 57 18.49% 2.00% 0.37%
Investments & Asset Management 283 14.25% 131.07% 18.68%
Machinery 105 24.41% 34.33% 8.38%
Metals & Mining 73 27.04% 32.40% 8.76%
Office Equipment & Services 14 18.26% 32.29% 5.90%
Oil/Gas (Integrated) 4 8.45% 8.39% 0.71%
Oil/Gas (Production and Exploration) 142 13.73% 100.48% 13.80%
Oil/Gas Distribution 23 12.35% 99.63% 12.31%
Oilfield Svcs/Equip. 97 11.94% 32.18% 3.84%
Packaging & Container 19 14.82% 93.96% 13.92%
Paper/Forest Products 6 10.41% 44.29% 4.61%
Power 46 6.92% 130.95% 9.06%
Precious Metals 56 25.45% 29.45% 7.50%
Publishing & Newspapers 19 17.63% 2.49% 0.44%
R.E.I.T. 190 3.20% -57.57% -1.84%
Real Estate (Development) 14 7.04% -46.62% -3.28%
Real Estate (General/Diversified) 12 5.19% 96.57% 5.02%
Real Estate (Operations & Services) 54 5.94% 97.60% 5.80%
Recreation 49 8.02% 5.66% 0.45%
Reinsurance 1 10.14% 30.90% 3.13%
Restaurant/Dining 64 18.36% 37.61% 6.91%
Retail (Automotive) 34 12.19% 46.18% 5.63%
Retail (Building Supply) 14 34.95% 73.52% 25.69%
Retail (Distributors) 62 16.11% 152.21% 24.53%
Retail (General) 23 13.59% 93.97% 12.77%
Retail (Grocery and Food) 15 6.76% -98.61% -6.67%
Retail (REITs) 26 5.16% -61.32% -3.17%
Retail (Special Lines) 94 21.54% 38.37% 8.26%
Rubber& Tires 3 3.17% 38.65% 1.22%
Semiconductor 66 27.23% 35.29% 9.61%
Semiconductor Equip 31 28.40% 27.45% 7.80%
Shipbuilding & Marine 8 11.99% 36.71% 4.40%
Shoe 11 20.93% 19.11% 4.00%
Software (Entertainment) 77 27.02% 82.36% 22.25%
Software (Internet) 29 3.43% 1414.21% 48.58%
Software (System & Application) 309 29.32% 73.78% 21.63%
Steel 19 6.72% 211.49% 14.21%
Telecom (Wireless) 12 10.37% 16.42% 1.70%
Telecom. Equipment 57 25.47% 46.61% 11.87%
Telecom. Services 39 12.04% 11.95% 1.44%
Tobacco 10 63.08% 2.38% 1.50%
Transportation 19 13.00% 51.50% 6.70%
Transportation (Railroads) 4 14.24% 20.08% 2.86%
Trucking 26 9.30% 98.71% 9.18%
Utility (General) 14 5.99% 172.30% 10.33%
Utility (Water) 14 8.96% 162.18% 14.52%
Total Market 5994 8.96% 50.82% 4.55%
Total Market (without financials) 4822 15.07% 48.81% 7.36%

Last updated in January 2026
By Aswath Damodaran