Inve US β–Ύ

Sector analysis Β· US

Which US sectors are growing earnings?

Each sector is its 20 largest companies by market cap as they stood at each quarter-end, so a company counts only in the quarters it was actually among them. Tap any cell to see the companies behind it and how each one grew.

Earnings growth, year on year

Q2 2026: 10 of 11 sectors grew earnings year on year; fastest Energy +120%, slowest Health Care βˆ’25%.

Measure
EarningsEPSPrice
Compared with
YoYQoQ

Each cell is the change in the combined owners' profit of the sector's top 20 companies, divided by the size of their combined base profit (a loss counts at its full size, so the figure stays finite). The $ figure under it is their combined net profit that quarter. Compared with the same quarter a year earlier. β€œx of y up” counts the companies whose figure rose. Latest quarter Q2 2026, ended 30 Jun 2026.

≀ βˆ’40%βˆ’20%0+20%β‰₯ +40% Blue is growth, red is decline, grey is about zero; the colour stops deepening at Β±40%.
Earnings growth year on year for each sector's top 20 companies, by quarter, sectors in rank order
Sector, by rankQ3 2023Q4 2023Q1 2024Q2 2024Q3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026latestLast 4 quarters
1.Energy2 of 4quarters up
2.Consumer Discretionary3 of 4quarters up
3.Communication Services4 of 4quarters up
4.Information Technology4 of 4quarters up
5.Financials4 of 4quarters up
6.Industrials4 of 4quarters up
7.Consumer Staples3 of 4quarters up
8.Utilities3 of 4quarters up
9.Materials2 of 4quarters up
10.Real Estate4 of 4quarters up
11.Health Care1 of 4quarters up
About these figures
  • Members: the 20 largest companies by market cap in each sector at the close of each quarter-end, with every listed share class of a company counted once. Funds, ETFs and foreign companies that do not file quarterly 10-Q reports (most ADRs) are left out. A sector is today's classification, applied to every quarter.
  • Earnings: owners' profit as filed, including one-off items. The sector figure is the sum of the changes divided by the sum of the base profits taken at their full size, so a loss in the base cannot make it infinite.
  • EPS: restated to today's share count after splits; the median uses only companies whose base EPS was positive.
  • Price: weighted by market cap at the start of the period, with membership fixed then, so a company that joined because its price rose does not inflate the return.
  • Market caps come from FMP and are checked against our own figure, the closing price times the share count on the company's SEC filing. Each company-quarter's results come from FMP and are checked against its SEC filings (EDGAR). Where the two disagree the figure is left out of the sector and marked; where only one source exists it is used and marked.
  • A company that has since delisted still counts in the quarters it was among the top 20.