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U.S. Commercial Services Industry Analysis

UpdatedMar 02, 2026
DataAggregated Company Financials
Companies155
  • 7D2.5%
  • 3M6.0%
  • 1Y-2.9%
  • YTD5.9%

Over the last 7 days, the Commercial Services industry has risen 2.5%, driven by gains from Waste Management of 4.5%. During this same period, the Brink's underperformed, falling 11%. Despite this gain, the industry's performance has been flat over the past year. Earnings are forecast to grow by 13% annually.

Industry Valuation and Performance

Has the U.S. Commercial Services Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 03 Mar 2026US$478.2bUS$145.3bUS$12.7b25.7x37.7x3.3x
Thu, 29 Jan 2026US$479.1bUS$149.2bUS$12.3b25.9x38.9x3.2x
Sat, 27 Dec 2025US$465.2bUS$149.1bUS$12.3b24x37.7x3.1x
Mon, 24 Nov 2025US$458.0bUS$151.9bUS$12.4b22.3x37.1x3x
Wed, 22 Oct 2025US$483.9bUS$144.3bUS$12.2b27.4x39.7x3.4x
Fri, 19 Sep 2025US$481.9bUS$146.4bUS$11.8b24.9x40.9x3.3x
Sun, 17 Aug 2025US$502.2bUS$147.4bUS$11.7b29.8x42.8x3.4x
Tue, 15 Jul 2025US$499.9bUS$145.2bUS$11.2b28.6x44.6x3.4x
Thu, 12 Jun 2025US$511.4bUS$145.1bUS$11.3b26x45.3x3.5x
Sat, 10 May 2025US$520.3bUS$145.3bUS$11.0b27.2x47.3x3.6x
Mon, 07 Apr 2025US$478.0bUS$145.5bUS$11.0b29.3x43.6x3.3x
Wed, 05 Mar 2025US$502.8bUS$146.4bUS$11.0b28.9x45.6x3.4x
Fri, 31 Jan 2025US$491.5bUS$150.4bUS$11.6b32.2x42.4x3.3x
Sun, 29 Dec 2024US$476.3bUS$149.5bUS$11.6b31x41.2x3.2x
Tue, 26 Nov 2024US$521.4bUS$149.1bUS$11.6b33.1x44.9x3.5x
Thu, 24 Oct 2024US$496.3bUS$151.1bUS$10.5b25.9x47.4x3.3x
Sat, 21 Sep 2024US$487.7bUS$151.0bUS$10.3b26.7x47.3x3.2x
Mon, 19 Aug 2024US$479.1bUS$150.9bUS$10.4b31x46x3.2x
Wed, 17 Jul 2024US$476.5bUS$150.1bUS$9.9b28.7x48x3.2x
Fri, 14 Jun 2024US$455.4bUS$150.1bUS$9.8b25.1x46.4x3x
Sun, 12 May 2024US$460.9bUS$150.9bUS$10.1b27.1x45.5x3.1x
Tue, 09 Apr 2024US$455.4bUS$149.2bUS$9.5b28.1x47.7x3.1x
Thu, 07 Mar 2024US$441.3bUS$149.2bUS$9.4b27.3x47x3x
Sat, 03 Feb 2024US$421.7bUS$150.7bUS$9.7b25.6x43.3x2.8x
Mon, 01 Jan 2024US$413.8bUS$150.3bUS$9.8b26.1x42.3x2.8x
Wed, 29 Nov 2023US$393.6bUS$150.0bUS$9.6b25.6x41x2.6x
Fri, 27 Oct 2023US$361.8bUS$148.4bUS$10.2b23.9x35.3x2.4x
Sun, 24 Sep 2023US$348.2bUS$140.0bUS$9.2b26.4x37.9x2.5x
Tue, 22 Aug 2023US$350.3bUS$139.7bUS$9.1b24.3x38.7x2.5x
Thu, 20 Jul 2023US$364.6bUS$136.9bUS$9.0b27.4x40.5x2.7x
Sat, 17 Jun 2023US$356.0bUS$136.8bUS$7.1b25.7x50.1x2.6x
Mon, 15 May 2023US$350.1bUS$136.8bUS$7.1b25x49.4x2.6x
Wed, 12 Apr 2023US$334.1bUS$134.6bUS$7.7b23.7x43.5x2.5x
Fri, 10 Mar 2023US$314.8bUS$133.0bUS$8.2b22.3x38.4x2.4x
Price to Earnings Ratio

38.4x


Total Market Cap: US$314.8bTotal Earnings: US$8.2bTotal Revenue: US$133.0bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Commercial Services Industry Price to Earnings3Y Average 43.2x202420252026
Current Industry PE
  • Investors are pessimistic on the American Commercial Services industry, indicating that they anticipate long term growth rates will be lower than they have historically.
  • The industry is trading at a PE ratio of 37.7x which is lower than its 3-year average PE of 43.2x.
  • The industry is trading close to its 3-year average PS ratio of 3.0x.
Past Earnings Growth
  • The earnings for companies in the Commercial Services industry have grown 15% per year over the last three years.
  • Revenues for these companies have grown 3.0% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Trends

Which industries have driven the changes within the U.S. Industrials industry?

US Market-0.57%
Industrials-0.32%
Commercial Services2.48%
Security and Alarm Services9.55%
Environmental and Facilities Services3.58%
Commercial Printing2.92%
Diversified Support Services0.80%
Office Services and Supplies-4.03%
Industry PE
  • Investors are most optimistic about the Diversified Support Services industry even though it's trading below its 3-year average PE ratio of 60.4x.
    • Analysts are expecting annual earnings growth of 12.9%, which is higher than its past year's earnings growth of 7.1% per year.
  • Investors are most pessimistic about the Security and Alarm Services industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average.
Forecasted Growth
  • Analysts are most optimistic on the Office Services and Supplies industry, expecting annual earnings growth of 28% over the next 5 years.
  • This is better than its past earnings decline of 33% per year.
  • In contrast, the Security and Alarm Services industry is expected to see its earnings grow by 7.2% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
WM Waste ManagementUS$243.075.4%
+US$5.0b		4.0%PE36.2x
CPRT CopartUS$38.318.3%
+US$2.9b		-29.9%PE23.8x
RSG Republic ServicesUS$230.374.2%
+US$2.8b		-3.9%PE33.3x
WCN Waste ConnectionsUS$173.166.2%
+US$2.6b		-9.8%PE41.1x
CTAS CintasUS$201.601.6%
+US$1.3b		-2.8%PE42.6x

Latest News

ACVA
US$4.89
ACV Auctions
7D
-13.9%
1Y
-67.9%
CWST
US$91.92
Casella Waste Systems
7D
-0.9%
1Y
-19.2%
WM
US$243.07
Waste Management
7D
5.4%
1Y
4.0%
HNI
US$44.73
HNI
7D
-8.8%
1Y
-3.4%

HNI: Manufacturing Consolidation And Merger Synergies Will Support Future Upside Potential

Analysts have raised their price target on HNI from $70.75 to $72.00, citing updated assumptions around discount rates, revenue growth, profit margins, and future P/E as key drivers of the change. What's in the News HNI issued new consolidated revenue guidance for the first quarter of 2026, stating that net sales are expected to be higher by more than 130% year over year (Corporate Guidance).
BCO
US$125.85
Brink's
7D
-1.3%
1Y
42.2%
UNF
US$231.47
UniFirst
7D
-1.1%
1Y
8.7%
TILE
US$30.38
Interface
7D
-3.6%
1Y
59.1%
MLKN
US$20.05
MillerKnoll
7D
-7.6%
1Y
-4.7%
RSG
US$230.37
Republic Services
7D
4.2%
1Y
-3.9%

RSG: Renewable Gas Buildout And Capital Returns Will Support Steady Outlook

Analysts have trimmed their price target on Republic Services slightly to $244.04 from $244.21. This reflects updated assumptions around a marginally different discount rate, revenue growth outlook, profit margin expectations, and future P/E estimates.
NVRI
US$18.30
Enviri
7D
-4.2%
1Y
194.2%
CLH
US$297.02
Clean Harbors
7D
5.8%
1Y
42.9%
CPRT
US$38.31
Copart
7D
8.3%
1Y
-29.9%
VLTO
US$97.22
Veralto
7D
5.0%
1Y
-2.7%

VLTO: Buyback And In-Situ Deal Will Support Future Compounding Potential

Veralto's analyst price targets have seen a modest reset, with recent cuts ranging from $2 to $9 as analysts factor in slightly softer valuation multiples, a small trim to modeled growth and fair value, and mixed views on the $750M buyback alongside the $422M In-Situ acquisition. Analyst Commentary Street research on Veralto has shifted toward slightly more conservative assumptions, with most recent updates trimming price targets while still recognizing the company as a quality operator with identifiable growth drivers.
WCN
US$173.16
Waste Connections
7D
6.2%
1Y
-9.8%

WCN: Future Returns Will Be Driven By Compounding M&A Despite Chiquita Cash Outlays

Our updated fair value estimate for Waste Connections moves to $198.75 from $204.25, reflecting analysts' lower price targets after 2026 guidance that points to softer growth assumptions and higher expected cash outlays tied to the Chiquita landfill. Analyst Commentary Street research around the latest quarter and 2026 outlook has become more cautious, with most firms trimming price targets while largely maintaining positive ratings.
TTEK
US$36.02
Tetra Tech
7D
7.4%
1Y
27.5%
CTAS
US$201.60
Cintas
7D
1.6%
1Y
-2.8%