Fundamental Growth in EBIT by Sector (US)

Data Used: Multiple data services

Date of Analysis: Data used is as of January 2023

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 58 36.62% 55.53% 20.33%
Aerospace/Defense 77 15.25% 32.75% 4.99%
Air Transport 21 3.08% 209.93% 6.46%
Apparel 39 20.57% 110.25% 22.68%
Auto & Truck 31 6.46% 89.08% 5.76%
Auto Parts 37 10.26% 162.71% 16.69%
Bank (Money Center) 7 0.03% -12848.61% -3.40%
Banks (Regional) 557 -0.04% NA NA
Beverage (Alcoholic) 23 14.66% 56.82% 8.33%
Beverage (Soft) 31 28.72% 29.14% 8.37%
Broadcasting 26 13.52% 210.14% 28.40%
Brokerage & Investment Banking 30 0.06% -10671.13% -6.02%
Building Materials 45 34.60% 72.99% 25.25%
Business & Consumer Services 164 23.99% 102.04% 24.48%
Cable TV 10 12.13% 1.52% 0.18%
Chemical (Basic) 38 25.38% 58.55% 14.86%
Chemical (Diversified) 4 20.35% 23.18% 4.72%
Chemical (Specialty) 76 17.83% 91.87% 16.38%
Coal & Related Energy 19 41.79% 16.33% 6.82%
Computer Services 80 28.39% 30.66% 8.70%
Computers/Peripherals 42 42.63% 6.27% 2.67%
Construction Supplies 49 14.55% 113.90% 16.57%
Diversified 23 2.85% 170.19% 4.84%
Drugs (Biotechnology) 598 6.49% 41.00% 2.66%
Drugs (Pharmaceutical) 281 19.58% 23.31% 4.57%
Education 33 6.77% 356.36% 24.14%
Electrical Equipment 110 18.40% 279.29% 51.40%
Electronics (Consumer & Office) 16 5.46% 448.30% 24.49%
Electronics (General) 138 17.47% 223.41% 39.04%
Engineering/Construction 43 13.83% 300.78% 41.61%
Entertainment 110 11.23% 4.05% 0.46%
Environmental & Waste Services 62 28.32% 110.08% 31.18%
Farming/Agriculture 39 15.17% 146.78% 22.27%
Financial Svcs. (Non-bank & Insurance) 223 0.65% 21.85% 0.14%
Food Processing 92 18.60% 57.54% 10.70%
Food Wholesalers 14 15.54% 129.46% 20.11%
Furn/Home Furnishings 32 15.24% 150.65% 22.95%
Green & Renewable Energy 19 4.68% 158.40% 7.42%
Healthcare Products 254 15.88% 129.31% 20.53%
Healthcare Support Services 131 33.79% 30.34% 10.25%
Heathcare Information and Technology 138 19.10% 129.68% 24.77%
Homebuilding 32 28.17% 69.96% 19.71%
Hospitals/Healthcare Facilities 34 20.45% 63.44% 12.98%
Hotel/Gaming 69 2.34% 255.83% 5.98%
Household Products 127 34.92% 30.09% 10.51%
Information Services 73 32.89% 21.79% 7.17%
Insurance (General) 21 19.31% 67.91% 13.11%
Insurance (Life) 27 4.83% 0.68% 0.03%
Insurance (Prop/Cas.) 51 7.08% 48.91% 3.46%
Investments & Asset Management 600 9.16% 59.86% 5.48%
Machinery 116 27.44% 140.24% 38.48%
Metals & Mining 68 34.72% 30.25% 10.51%
Office Equipment & Services 16 12.19% 207.51% 25.30%
Oil/Gas (Integrated) 4 22.37% -10.41% -2.33%
Oil/Gas (Production and Exploration) 174 39.82% 44.23% 17.62%
Oil/Gas Distribution 23 7.18% 67.11% 4.82%
Oilfield Svcs/Equip. 101 28.09% 23.85% 6.70%
Packaging & Container 25 16.04% 86.94% 13.95%
Paper/Forest Products 7 42.83% 37.23% 15.94%
Power 48 6.04% 145.69% 8.80%
Precious Metals 74 5.28% 116.48% 6.15%
Publishing & Newspapers 20 15.25% 120.37% 18.36%
R.E.I.T. 223 3.29% -30.90% -1.02%
Real Estate (Development) 18 6.12% -52.57% -3.22%
Real Estate (General/Diversified) 12 6.51% 66.78% 4.35%
Real Estate (Operations & Services) 60 1.08% NA NA
Recreation 57 12.25% 242.54% 29.72%
Reinsurance 1 5.25% 5.92% 0.31%
Restaurant/Dining 70 18.38% 45.04% 8.28%
Retail (Automotive) 30 15.60% 133.91% 20.89%
Retail (Building Supply) 15 50.28% 41.73% 20.98%
Retail (Distributors) 69 21.34% 132.60% 28.30%
Retail (General) 15 17.89% 98.47% 17.61%
Retail (Grocery and Food) 13 12.77% 42.41% 5.41%
Retail (Online) 63 5.09% 709.42% 36.14%
Retail (Special Lines) 78 15.72% 88.99% 13.99%
Rubber& Tires 3 9.62% 105.01% 10.10%
Semiconductor 68 18.52% 68.56% 12.70%
Semiconductor Equip 30 38.17% 105.90% 40.42%
Shipbuilding & Marine 8 28.79% 0.60% 0.17%
Shoe 13 33.42% 48.82% 16.32%
Software (Entertainment) 91 21.87% 67.18% 14.69%
Software (Internet) 33 -1.03% NA NA
Software (System & Application) 390 22.47% 137.64% 30.93%
Steel 28 48.63% 48.70% 23.68%
Telecom (Wireless) 16 6.15% 62.19% 3.83%
Telecom. Equipment 79 25.99% 49.94% 12.98%
Telecom. Services 49 12.38% 36.16% 4.48%
Tobacco 15 70.88% 7.89% 5.59%
Transportation 18 24.20% 50.48% 12.21%
Transportation (Railroads) 4 16.94% 18.86% 3.19%
Trucking 35 13.53% 192.67% 26.07%
Utility (General) 15 5.82% 150.35% 8.75%
Utility (Water) 16 9.13% 178.69% 16.31%
Total Market 7165 9.13% 59.23% 5.41%
Total Market (without financials) 5649 15.79% 66.70% 10.53%

Last updated in January 2023
By Aswath Damodaran