Investing IdeasBrowse All StocksMarkets
Have your own idea? Try our Stock Screener
Header cover image

U.S. Commercial Services Industry Analysis

UpdatedMay 21, 2026
DataAggregated Company Financials
Companies154
  • 7D2.3%
  • 3M-8.3%
  • 1Y-15.7%
  • YTD-4.3%

In the last week, the Commercial Services industry is up 2.3%, with Cintas leading the way, up 4.8%. In the past year, the industry is down 16%. Looking forward, 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
Thu, 21 May 2026US$440.4bUS$152.2bUS$13.3b22.1x33.1x2.9x
Sat, 18 Apr 2026US$445.0bUS$150.1bUS$13.0b23.5x34.3x3x
Mon, 16 Mar 2026US$463.5bUS$149.8bUS$12.9b22.6x36x3.1x
Wed, 11 Feb 2026US$484.7bUS$149.5bUS$12.6b25.7x38.4x3.2x
Fri, 09 Jan 2026US$456.2bUS$149.2bUS$12.3b26.4x37.1x3.1x
Sun, 07 Dec 2025US$459.5bUS$152.1bUS$12.3b23.1x37.2x3x
Tue, 04 Nov 2025US$443.0bUS$145.7bUS$12.1b22.3x36.6x3x
Thu, 02 Oct 2025US$496.9bUS$146.7bUS$11.9b28.1x41.8x3.4x
Sat, 30 Aug 2025US$500.1bUS$147.4bUS$11.7b29.5x42.6x3.4x
Mon, 28 Jul 2025US$508.7bUS$145.7bUS$11.3b29.9x45.1x3.5x
Wed, 25 Jun 2025US$510.9bUS$145.1bUS$11.3b25.6x45.2x3.5x
Fri, 23 May 2025US$524.8bUS$145.3bUS$11.1b25.2x47.3x3.6x
Sun, 20 Apr 2025US$503.1bUS$145.4bUS$10.9b27.9x46.1x3.5x
Tue, 18 Mar 2025US$482.4bUS$145.4bUS$10.9b29.9x44.3x3.3x
Thu, 13 Feb 2025US$504.2bUS$150.1bUS$11.6b32.1x43.5x3.4x
Sat, 11 Jan 2025US$482.4bUS$149.5bUS$11.6b32x41.7x3.2x
Mon, 09 Dec 2024US$521.5bUS$149.1bUS$11.6b32.1x44.9x3.5x
Wed, 06 Nov 2024US$482.9bUS$149.7bUS$11.5b28.1x42x3.2x
Fri, 04 Oct 2024US$487.4bUS$151.0bUS$10.4b25.9x46.8x3.2x
Sun, 01 Sep 2024US$496.2bUS$150.9bUS$10.4b29.6x47.7x3.3x
Tue, 30 Jul 2024US$466.7bUS$151.3bUS$10.3b27.5x45.3x3.1x
Thu, 27 Jun 2024US$469.9bUS$150.1bUS$9.8b27.1x47.7x3.1x
Sat, 25 May 2024US$456.4bUS$149.2bUS$10.0b26.7x45.5x3.1x
Mon, 22 Apr 2024US$445.6bUS$149.2bUS$9.5b27.3x46.9x3x
Wed, 20 Mar 2024US$451.9bUS$149.1bUS$9.5b28.1x47.8x3x
Fri, 16 Feb 2024US$425.6bUS$147.7bUS$9.3b28.9x45.7x2.9x
Sun, 14 Jan 2024US$407.8bUS$150.3bUS$9.8b25.8x41.7x2.7x
Tue, 12 Dec 2023US$399.2bUS$150.1bUS$9.7b26.5x41.3x2.7x
Thu, 09 Nov 2023US$378.1bUS$148.9bUS$9.4b24.1x40.2x2.5x
Sat, 07 Oct 2023US$345.6bUS$139.9bUS$9.2b25.7x37.5x2.5x
Mon, 04 Sep 2023US$354.8bUS$139.8bUS$9.0b26.4x39.3x2.5x
Wed, 02 Aug 2023US$361.8bUS$137.6bUS$9.0b26.3x40x2.6x
Fri, 30 Jun 2023US$364.1bUS$136.9bUS$7.1b27.4x51.1x2.7x
Sun, 28 May 2023US$342.9bUS$137.0bUS$7.1b23.8x48.3x2.5x
Price to Earnings Ratio

48.3x


Total Market Cap: US$342.9bTotal Earnings: US$7.1bTotal Revenue: US$137.0bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Commercial Services Industry Price to Earnings3Y Average 42.6x202420252026
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 33.1x which is lower than its 3-year average PE of 42.6x.
  • 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 3.6% 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-0.32%
Industrials-1.74%
Commercial Services2.28%
Commercial Printing11.37%
Diversified Support Services3.04%
Security and Alarm Services2.77%
Environmental and Facilities Services1.84%
Office Services and Supplies-0.37%
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 54.4x.
    • Analysts are expecting annual earnings growth of 14.8%, which is higher than its past year's earnings growth of 6.7% per year.
  • Investors are most pessimistic about the Commercial Printing industry, which is trading below its 3-year average of 32.8x.
Forecasted Growth
  • Analysts are most optimistic on the Office Services and Supplies industry, expecting annual earnings growth of 23% over the next 5 years.
  • This is better than its past earnings growth rate of 1.4% 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
CTAS CintasUS$171.364.8%
+US$3.1b		-22.5%PE35.5x
RSG Republic ServicesUS$212.204.2%
+US$2.6b		-15.9%PE30.1x
WM Waste ManagementUS$219.591.5%
+US$1.3b		-6.2%PE31.6x
WCN Waste ConnectionsUS$156.983.2%
+US$1.2b		-19.9%PE37.8x
BRC BradyUS$85.5116.8%
+US$576.2m		21.9%PE19.3x

Latest News

RBA
US$104.55
RB Global
7D
2.7%
1Y
-3.1%
BRC
US$85.51
Brady
7D
16.8%
1Y
21.9%
BTM
US$0.72
Bitcoin Depot
7D
-72.6%
1Y
-96.6%
MSA
US$168.96
MSA Safety
7D
-2.0%
1Y
7.3%
CMPR
US$97.69
Cimpress
7D
9.4%
1Y
128.1%
HNI
US$30.44
HNI
7D
-2.0%
1Y
-34.0%
RSG
US$212.20
Republic Services
7D
4.2%
1Y
-15.9%
Narrative Update • May 19

RSG: Electric Fleets And Advanced Recycling Technology Will Support Future Upside

Analysts have trimmed their price target on Republic Services by about $2 to $243.58, reflecting updated views on its fair value, discount rate, revenue growth, profit margin, and future P/E assumptions. What's in the News From January 1, 2026 to March 31, 2026, Republic Services repurchased 1,339,618 shares, about 0.43% of its stock, for US$292.33 million, completing a total buyback of 7,666,759 shares, about 2.46%, for US$1,636.2 million under the program announced on October 26, 2023 (company buyback update).
CLH
US$291.40
Clean Harbors
7D
-3.8%
1Y
27.7%
Narrative Update • May 18

CLH: Expanded Buybacks And 2026 Earnings Guidance Will Support A Fair View

Analysts have increased their price target for Clean Harbors from $318 to $325, citing updated assumptions around revenue growth, profit margins, discount rate, and future P/E that modestly adjust their valuation framework. What's in the News Clean Harbors issued earnings guidance for the year ending December 31, 2026, with expected GAAP net income in a range of $421 million to $472 million.
WM
US$219.59
Waste Management
7D
1.5%
1Y
-6.2%
Seeking Alpha • May 18

Waste Management: The Setup Finally Looks Attractive Again

Summary Waste Management is poised for positive earnings revisions and revenue beats as operational trends normalize post-Stericycle acquisition. WM reaffirmed 2024 guidance: $26.4–$26.6B revenue (+5% y/y), $8.15–$8.25B adj. EBITDA (+6% y/y) and $3.75–$3.85B free cash flow (+29% y/y). Valuation remains undemanding with a 4.3% free cash flow yield and potential for 21% upside to a $265 price target if 2027 targets are met. Volume sensitivity and weather disruptions are key risks, but improving industrial activity and defensive characteristics support WM’s investment case. Read the full article on Seeking Alpha
OPLN
US$35.28
OPENLANE
7D
-0.9%
1Y
59.5%
CTAS
US$171.36
Cintas
7D
4.8%
1Y
-22.5%
Narrative Update • May 16

CTAS: UniFirst Deal Is Expected To Support Future Earnings Resilience

Analysts have trimmed their average price targets for Cintas by a few dollars per share, reflecting slightly higher discount rate assumptions and updated views on earnings contributions from the UniFirst deal and other recent research. Analyst Commentary Recent research on Cintas shows a mix of optimism around the UniFirst acquisition and caution around valuation and execution risks, which is feeding into the latest price target revisions.
BV
US$12.40
BrightView Holdings
7D
-1.2%
1Y
-23.7%
LNZA
US$8.40
LanzaTech Global
7D
-53.9%
1Y
-61.8%
ROL
US$53.27
Rollins
7D
0.9%
1Y
-6.5%
WCN
US$156.98
Waste Connections
7D
3.2%
1Y
-19.9%
HCSG
US$20.82
Healthcare Services Group
7D
-3.2%
1Y
43.6%
Narrative Update • May 03

HCSG: Outsourced Services And Buybacks Will Drive Future Earnings Resilience

The analyst price target for Healthcare Services Group has been revised from $24 to $26.20 as analysts factor in modestly higher modeled revenue growth, a slightly lower profit margin, and updated P/E assumptions informed by recent target changes across firms such as RBC Capital, UBS, Benchmark, Baird, and BMO Capital. Analyst Commentary Recent Street research on Healthcare Services Group reflects a mix of constructive and cautious views, with several firms adjusting price targets and one initiating coverage with a neutral stance.