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U.S. Commercial Services Industry Analysis

UpdatedJun 25, 2026
DataAggregated Company Financials
Companies156
  • 7D3.0%
  • 3M1.0%
  • 1Y-11.9%
  • YTD-3.5%

Waste Management is up 3.4%, leading the way for the Commercial Services industry, which has gained 3.0%. In contrast, the industry has lost 12% in the last 12 months. Earnings are forecast to grow by 14% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 25 Jun 2026US$433.1bUS$152.5bUS$13.1b21.9x33x2.8x
Sat, 23 May 2026US$437.9bUS$152.3bUS$13.3b22.4x33x2.9x
Mon, 20 Apr 2026US$447.0bUS$150.1bUS$13.0b23.5x34.5x3x
Wed, 18 Mar 2026US$462.1bUS$149.6bUS$12.9b23.5x35.9x3.1x
Fri, 13 Feb 2026US$489.8bUS$149.9bUS$13.1b25.4x37.4x3.3x
Sun, 11 Jan 2026US$468.1bUS$149.2bUS$12.3b26.6x38x3.1x
Tue, 09 Dec 2025US$458.1bUS$152.0bUS$12.3b23.4x37.1x3x
Thu, 06 Nov 2025US$444.6bUS$145.7bUS$12.1b22.7x36.7x3.1x
Sat, 04 Oct 2025US$487.5bUS$144.3bUS$12.2b29.8x40x3.4x
Mon, 01 Sep 2025US$502.1bUS$147.4bUS$11.7b29.5x42.7x3.4x
Wed, 30 Jul 2025US$503.6bUS$146.9bUS$11.3b28.2x44.5x3.4x
Fri, 27 Jun 2025US$502.1bUS$145.2bUS$11.2b26.4x44.8x3.5x
Sun, 25 May 2025US$518.9bUS$145.4bUS$11.1b25x46.6x3.6x
Tue, 22 Apr 2025US$503.2bUS$145.4bUS$10.9b29.2x46.1x3.5x
Thu, 20 Mar 2025US$485.7bUS$145.4bUS$10.9b30.4x44.6x3.3x
Sat, 15 Feb 2025US$505.7bUS$150.7bUS$11.4b31.2x44.5x3.4x
Mon, 13 Jan 2025US$478.1bUS$149.5bUS$11.6b32x41.3x3.2x
Wed, 11 Dec 2024US$509.9bUS$149.1bUS$11.6b32.3x43.9x3.4x
Fri, 08 Nov 2024US$502.0bUS$149.8bUS$11.5b29.9x43.5x3.4x
Sun, 06 Oct 2024US$488.3bUS$151.0bUS$10.4b26.2x46.8x3.2x
Tue, 03 Sep 2024US$496.1bUS$150.9bUS$10.4b29.6x47.7x3.3x
Thu, 01 Aug 2024US$475.1bUS$151.4bUS$10.3b28.2x46x3.1x
Sat, 29 Jun 2024US$469.6bUS$150.1bUS$9.9b26.2x47.6x3.1x
Mon, 27 May 2024US$458.4bUS$149.2bUS$9.9b26.7x46.4x3.1x
Wed, 24 Apr 2024US$452.2bUS$149.2bUS$9.5b27.3x47.6x3x
Fri, 22 Mar 2024US$453.6bUS$149.1bUS$9.4b29.3x48.1x3x
Sun, 18 Feb 2024US$427.5bUS$147.8bUS$9.3b28.8x45.8x2.9x
Tue, 16 Jan 2024US$407.8bUS$150.3bUS$9.8b25.8x41.7x2.7x
Thu, 14 Dec 2023US$403.4bUS$150.1bUS$9.7b26.7x41.7x2.7x
Sat, 11 Nov 2023US$378.2bUS$149.5bUS$9.5b25.1x40x2.5x
Mon, 09 Oct 2023US$345.7bUS$139.9bUS$9.2b25.7x37.5x2.5x
Wed, 06 Sep 2023US$352.7bUS$139.8bUS$9.0b25.4x39.1x2.5x
Fri, 04 Aug 2023US$356.6bUS$138.1bUS$8.9b24.3x39.9x2.6x
Sun, 02 Jul 2023US$369.2bUS$136.9bUS$7.1b27.1x51.8x2.7x
Price to Earnings Ratio

51.8x


Total Market Cap: US$369.2bTotal Earnings: US$7.1bTotal Revenue: US$136.9bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Commercial Services Industry Price to Earnings3Y Average 42x202420252026
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 33.0x which is lower than its 3-year average PE of 42.0x.
  • The industry is trading close to its 3-year average PS ratio of 3.1x.
Past Earnings Growth
  • The earnings for companies in the Commercial Services industry have grown 23% per year over the last three years.
  • Revenues for these companies have grown 3.7% 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-2.47%
Industrials0.24%
Commercial Services2.95%
Office Services and Supplies6.68%
Commercial Printing4.13%
Environmental and Facilities Services3.64%
Security and Alarm Services1.52%
Diversified Support Services1.29%
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 50.4x.
    • Analysts are expecting annual earnings growth of 15.6%, which is higher than its past year's earnings growth of 5.0% per year.
  • Investors are most pessimistic about the Commercial Printing industry, which is trading below its 3-year average of 32.6x.
Forecasted Growth
  • Analysts are most optimistic on the Office Services and Supplies industry, expecting annual earnings growth of 24% over the next 5 years.
  • This is better than its past earnings growth rate of 6.9% per year.
  • In contrast, the Environmental and Facilities Services industry is expected to see its earnings grow by 12% 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$223.263.4%
+US$3.0b		-2.3%PE32.1x
WCN Waste ConnectionsUS$166.457.3%
+US$2.9b		-10.4%PE40.1x
RSG Republic ServicesUS$213.583.0%
+US$1.9b		-12.4%PE30.3x
RBA RB GlobalUS$112.554.9%
+US$974.3m		7.5%PE51.9x
VLTO VeraltoUS$86.324.3%
+US$871.9m		-13.8%PE21.9x

Latest News

RSG
US$213.58
Republic Services
7D
3.0%
1Y
-12.4%
TTEK
US$28.58
Tetra Tech
7D
4.5%
1Y
-20.7%
WCN
US$166.45
Waste Connections
7D
7.3%
1Y
-10.4%
VLTO
US$86.32
Veralto
7D
4.3%
1Y
-13.8%
ROL
US$44.54
Rollins
7D
-1.3%
1Y
-20.7%
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ROL: Acquisition Momentum And Leadership Transition Will Support Future Margin Upside

Analysts have lowered their average price target for Rollins to $52 from $70, reflecting increased caution after the CFO's resignation led some to question the company's earlier margin expansion ambitions. Analyst Commentary Recent research on Rollins reflects a split view, with some analysts focusing on execution risks around leadership changes and margin goals, while others highlight ongoing interest in the stock and adjust price targets accordingly.
HNI
US$37.33
HNI
7D
15.2%
1Y
-22.4%
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HNI: Dividend Support And Margin Resilience Will Drive Future Earnings Upside

Analysts have reduced their HNI price target by $10 to $69, citing updated assumptions on discount rates, revenue growth and future P/E levels that point to a slightly more conservative valuation framework. What’s in the News for HNI HNI Corporation declared a quarterly dividend of $0.35 per share on its common stock, payable on June 10, 2026, to shareholders of record as of May 29, 2026.
BCO
US$96.24
Brink's
7D
-1.2%
1Y
8.5%
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Summary The Brink's Company faces investor skepticism after announcing a transformational $6.6 billion NCR Atleos merger, with shares down over 28% since February. Recent results show modest revenue growth (1.75% avg, 10% Q1), but GAAP profitability deteriorated; adjusted metrics improved slightly, aided by AMS/DRS expansion. BCO's leverage will rise significantly post-merger, with initial net leverage projected at 3.1x–3.4x EBITDA, raising integration and debt-servicing concerns. I see long-term upside from recurring, tech-enabled revenue and cost synergies, but await deal closure and integration clarity before considering a position. Read the full article on Seeking Alpha
CLH
US$298.78
Clean Harbors
7D
4.0%
1Y
30.8%
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Clean Harbors (CLH) is back on investors’ radar after a rank upgrade tied to a 5.2% rise in its full year earnings estimate, along with performance that has outpaced its sector and industry. See our latest analysis for Clean Harbors. Despite a recent pullback that left the 1 month share price return down 4.8% and the latest share price at $287.25, Clean Harbors still carries strong momentum when looking at its 1 year total shareholder return of 26.9% and 5 year total shareholder return of...
WM
US$223.26
Waste Management
7D
3.4%
1Y
-2.3%
Seeking Alpha • Jun 17

Waste Management: Shares Won't Make You Rich, But They Do Offer Opportunity

Summary Waste Management earns a reaffirmed "Buy" rating for its high quality, low-risk profile, and attractive relative valuation. WM delivered broad-based revenue and margin growth, driven primarily by price increases and efficiency improvements across core and ancillary operations. Renewable Energy and recycling segments are expanding rapidly, with targeted fixed-price sales growth of 70%–90% this year and significant cost reductions. WM’s capital returns are robust, with increased dividends and resumed share buybacks, while leverage remains moderate and growth prospects are solid. Read the full article on Seeking Alpha
RBA
US$112.55
RB Global
7D
4.9%
1Y
7.5%
Narrative Update • Jun 16

RBA: Expanding Global Marketplaces And Contracts Will Support Stronger Outlook

Analysts have adjusted their price target for RB Global to $127.73 from $124.20. The revision reflects updated views on fair value, discount rate, revenue growth, profit margin and future P/E assumptions.
ROMA
US$7.91
Roma Green Finance
7D
-3.1%
1Y
141.1%
QH
US$6.26
Quhuo
7D
-44.7%
1Y
-99.8%
BAER
US$1.72
Bridger Aerospace Group Holdings
7D
-10.4%
1Y
1.8%
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Bridger Aerospace Group Cannot Grow Its Problem Off

Summary Bridger Aerospace Group faces persistent financial risk despite industry tailwinds from increasing wildfire activity. Recent quarters revealed revenue declines and concerning fixed cost increases, highlighting high operating leverage and limited flexibility. BAER's 2026 guidance implies operational profitability, but returns remain insufficient to cover heavy debt and preferred stock obligations. I maintain a Hold rating, citing a fundamentally challenged capital structure and ongoing liquidity risks for the common equity. Read the full article on Seeking Alpha
BEEP
US$1.73
Mobile Infrastructure
7D
-8.9%
1Y
-57.9%
NL
US$5.92
NLI Holdings
7D
-2.5%
1Y
-1.8%
YOOV
US$0.46
Concorde International Group
7D
-13.4%
1Y
-93.8%