Fundamental Growth in EBIT 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/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 57 31.52% -0.99% -0.31%
Aerospace/Defense 70 16.17% 39.25% 6.35%
Air Transport 25 10.92% 118.59% 12.95%
Apparel 38 15.29% -7.29% -1.11%
Auto & Truck 34 5.19% 81.47% 4.23%
Auto Parts 39 10.16% 95.18% 9.67%
Bank (Money Center) 15 0.02% 5572.88% 0.99%
Banks (Regional) 625 -0.05% NA NA
Beverage (Alcoholic) 19 16.67% 90.81% 15.14%
Beverage (Soft) 29 30.65% 25.68% 7.87%
Broadcasting 22 12.06% 211.44% 25.51%
Brokerage & Investment Banking 27 0.13% 5643.37% 7.38%
Building Materials 44 25.27% -0.76% -0.19%
Business & Consumer Services 162 27.45% 25.45% 6.99%
Cable TV 10 11.31% 15.77% 1.78%
Chemical (Basic) 32 11.81% 17.37% 2.05%
Chemical (Diversified) 4 1.57% -555.65% -8.74%
Chemical (Specialty) 68 13.51% 103.48% 13.98%
Coal & Related Energy 18 29.50% 13.28% 3.92%
Computer Services 72 24.17% 23.80% 5.75%
Computers/Peripherals 36 37.80% 9.24% 3.49%
Construction Supplies 11 16.92% 39.65% 6.71%
Diversified 23 20.40% 25.08% 5.12%
Drugs (Biotechnology) 572 1.56% NA NA
Drugs (Pharmaceutical) 245 13.38% 85.39% 11.42%
Education 31 5.93% 97.50% 5.78%
Electrical Equipment 103 13.27% 214.64% 28.47%
Electronics (Consumer & Office) 13 0.95% NA NA
Electronics (General) 129 15.11% 70.43% 10.65%
Engineering/Construction 77 18.53% 66.62% 12.34%
Entertainment 98 7.56% -20.65% -1.56%
Environmental & Waste Services 57 29.94% 70.10% 20.99%
Farming/Agriculture 42 17.93% 53.01% 9.51%
Financial Svcs. (Non-bank & Insurance) 192 0.96% 20.11% 0.19%
Food Processing 93 16.63% 46.46% 7.73%
Food Wholesalers 14 14.96% 47.19% 7.06%
Furn/Home Furnishings 31 10.31% 97.31% 10.04%
Green & Renewable Energy 17 4.15% 115.90% 4.81%
Healthcare Products 230 13.08% 49.51% 6.48%
Healthcare Support Services 119 45.74% 62.75% 28.70%
Heathcare Information and Technology 128 14.28% 31.34% 4.48%
Homebuilding 32 20.91% -5.00% -1.04%
Hospitals/Healthcare Facilities 32 20.16% 34.92% 7.04%
Hotel/Gaming 68 9.99% 21.81% 2.18%
Household Products 19 34.64% 2.04% 0.71%
Information Services 18 22.74% -26.31% -5.98%
Insurance (General) 21 15.65% 37.90% 5.93%
Insurance (Life) 23 0.11% NA NA
Insurance (Prop/Cas.) 50 11.12% 28.66% 3.19%
Investments & Asset Management 334 6.16% 54.67% 3.37%
Machinery 103 24.91% 66.77% 16.63%
Metals & Mining 68 24.03% 63.15% 15.17%
Office Equipment & Services 17 12.93% 16.58% 2.14%
Oil/Gas (Integrated) 4 17.04% -1.67% -0.28%
Oil/Gas (Production and Exploration) 166 28.41% 50.40% 14.32%
Oil/Gas Distribution 24 20.60% 40.28% 8.30%
Oilfield Svcs/Equip. 100 28.02% 15.49% 4.34%
Packaging & Container 11 14.47% 70.32% 10.17%
Paper/Forest Products 7 18.90% 99.70% 18.85%
Power 50 5.78% 173.43% 10.03%
Precious Metals 61 4.69% 146.26% 6.86%
Publishing & Newspapers 13 11.74% -12.40% -1.46%
R.E.I.T. 181 2.60% -82.96% -2.16%
Real Estate (Development) 17 2.93% -97.27% -2.85%
Real Estate (General/Diversified) 11 5.31% -59.41% -3.16%
Real Estate (Operations & Services) 60 0.07% NA NA
Recreation 55 9.54% 56.16% 5.36%
Reinsurance 1 30.12% 75.61% 22.77%
Restaurant/Dining 64 19.56% 34.51% 6.75%
Retail (Automotive) 30 13.20% 71.35% 9.41%
Retail (Building Supply) 16 39.43% 2.33% 0.92%
Retail (Distributors) 62 18.61% 103.75% 19.31%
Retail (General) 26 9.89% 79.45% 7.86%
Retail (Grocery and Food) 14 10.99% 114.28% 12.56%
Retail (REITs) 28 4.46% -81.80% -3.65%
Retail (Special Lines) 105 13.50% 55.23% 7.46%
Rubber& Tires 3 3.12% -32.00% -1.00%
Semiconductor 63 11.37% 49.86% 5.67%
Semiconductor Equip 30 25.68% 13.88% 3.57%
Shipbuilding & Marine 8 9.24% 50.27% 4.64%
Shoe 13 24.04% -20.18% -4.85%
Software (Entertainment) 84 19.94% 46.79% 9.33%
Software (Internet) 35 -0.48% NA NA
Software (System & Application) 351 23.22% 36.38% 8.45%
Steel 29 22.18% 15.70% 3.48%
Telecom (Wireless) 13 6.55% 55.10% 3.61%
Telecom. Equipment 66 28.18% 36.67% 10.33%
Telecom. Services 42 11.80% 20.12% 2.37%
Tobacco 16 80.36% 117.64% 94.54%
Transportation 110 16.09% 72.06% 11.59%
Transportation (Railroads) 4 14.26% 22.18% 3.16%
Trucking 22 12.75% 121.78% 15.53%
Utility (General) 14 6.47% 150.53% 9.74%
Utility (Water) 13 8.41% 149.51% 12.57%
Total Market 6481 8.41% 46.88% 3.94%
Total Market (without financials) 5194 14.70% 44.53% 6.55%

Last updated in January 2024
By Aswath Damodaran