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U.S. Commercial Services Industry Analysis

UpdatedJun 09, 2026
DataAggregated Company Financials
Companies156
  • 7D0.5%
  • 3M-9.0%
  • 1Y-15.9%
  • YTD-6.5%

Over the last 7 days, the Commercial Services industry has remained flat, although notably Copart declined by 4.5%. As for the longer term, the industry has declined 16% in the last year. Looking forward, 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
Tue, 09 Jun 2026US$434.7bUS$152.5bUS$13.2b20.8x33x2.9x
Thu, 07 May 2026US$437.8bUS$146.5bUS$13.0b20.7x33.7x3x
Sat, 04 Apr 2026US$450.9bUS$150.1bUS$13.0b22.4x34.7x3x
Mon, 02 Mar 2026US$478.2bUS$145.3bUS$12.7b25.7x37.7x3.3x
Wed, 28 Jan 2026US$482.0bUS$149.2bUS$12.3b25.9x39.2x3.2x
Fri, 26 Dec 2025US$465.2bUS$149.1bUS$12.3b24x37.7x3.1x
Sun, 23 Nov 2025US$458.0bUS$151.9bUS$12.4b22.3x37.1x3x
Tue, 21 Oct 2025US$483.9bUS$144.3bUS$12.2b26.7x39.7x3.4x
Thu, 18 Sep 2025US$480.4bUS$146.4bUS$11.8b24.9x40.8x3.3x
Sat, 16 Aug 2025US$504.5bUS$147.4bUS$11.7b29.8x42.9x3.4x
Mon, 14 Jul 2025US$499.9bUS$145.2bUS$11.2b28.6x44.6x3.4x
Wed, 11 Jun 2025US$512.8bUS$145.1bUS$11.3b25.7x45.4x3.5x
Fri, 09 May 2025US$519.6bUS$145.3bUS$11.0b28x47.3x3.6x
Sun, 06 Apr 2025US$478.0bUS$145.5bUS$11.0b29.3x43.6x3.3x
Tue, 04 Mar 2025US$502.6bUS$146.3bUS$11.0b29.2x45.5x3.4x
Thu, 30 Jan 2025US$496.6bUS$149.6bUS$11.6b31.5x42.9x3.3x
Sat, 28 Dec 2024US$480.1bUS$149.5bUS$11.6b31x41.5x3.2x
Mon, 25 Nov 2024US$522.2bUS$149.1bUS$11.6b32.7x45x3.5x
Wed, 23 Oct 2024US$498.2bUS$151.0bUS$10.4b27.2x47.8x3.3x
Fri, 20 Sep 2024US$481.6bUS$151.0bUS$10.3b27.3x46.6x3.2x
Sun, 18 Aug 2024US$479.1bUS$150.9bUS$10.4b31x46x3.2x
Tue, 16 Jul 2024US$476.3bUS$150.1bUS$9.9b27.8x48x3.2x
Thu, 13 Jun 2024US$453.8bUS$150.1bUS$9.8b25.4x46.2x3x
Sat, 11 May 2024US$459.3bUS$150.9bUS$10.1b27.1x45.3x3x
Mon, 08 Apr 2024US$455.2bUS$149.2bUS$9.5b27.7x47.7x3.1x
Wed, 06 Mar 2024US$442.7bUS$149.2bUS$9.4b27.1x47.1x3x
Fri, 02 Feb 2024US$421.3bUS$150.7bUS$9.7b25.8x43.3x2.8x
Sun, 31 Dec 2023US$414.1bUS$150.3bUS$9.8b26.1x42.4x2.8x
Tue, 28 Nov 2023US$393.1bUS$150.0bUS$9.6b25.7x41x2.6x
Thu, 26 Oct 2023US$365.2bUS$148.0bUS$10.3b23.9x35.6x2.5x
Sat, 23 Sep 2023US$348.2bUS$140.0bUS$9.2b26.4x37.9x2.5x
Mon, 21 Aug 2023US$350.2bUS$139.7bUS$9.1b25.1x38.5x2.5x
Wed, 19 Jul 2023US$365.0bUS$136.9bUS$9.0b28x40.6x2.7x
Fri, 16 Jun 2023US$352.2bUS$136.8bUS$7.1b25.9x49.5x2.6x
Price to Earnings Ratio

49.5x


Total Market Cap: US$352.2bTotal Earnings: US$7.1bTotal Revenue: US$136.8bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Commercial Services Industry Price to Earnings3Y Average 42.3x202420252026
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 42.3x.
  • 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-2.73%
Industrials-0.12%
Commercial Services0.50%
Security and Alarm Services6.94%
Environmental and Facilities Services1.51%
Office Services and Supplies-0.99%
Diversified Support Services-1.19%
Commercial Printing-10.72%
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 52.3x.
    • Analysts are expecting annual earnings growth of 15.1%, 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 32.7x.
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 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$216.141.7%
+US$1.5b		-7.6%PE31.1x
RSG Republic ServicesUS$204.932.0%
+US$1.3b		-17.8%PE29.1x
WCN Waste ConnectionsUS$153.712.8%
+US$1.1b		-18.7%PE37x
GEO GEO GroupUS$26.6814.3%
+US$438.1m		-1.0%PE12.8x
CXW CoreCivicUS$24.7216.5%
+US$347.1m		10.9%PE18.9x

Latest News

OPLN
US$36.45
OPENLANE
7D
-4.6%
1Y
53.2%
ABM
US$42.43
ABM Industries
7D
8.5%
1Y
-12.1%
BRC
US$75.28
Brady
7D
-13.5%
1Y
7.5%
CXW
US$24.72
CoreCivic
7D
16.5%
1Y
10.9%
WM
US$216.14
Waste Management
7D
1.7%
1Y
-7.6%
CLH
US$278.36
Clean Harbors
7D
-0.9%
1Y
23.5%
Narrative Update • Jun 07

CLH: 2026 Earnings Guidance Will Support A Higher Future Share Price

Analysts have nudged their Clean Harbors price target slightly higher to about $326, reflecting updated assumptions for modestly stronger revenue growth, a slightly higher profit margin, a marginally lower discount rate, and a minor adjustment to future P/E expectations. What's in the News Clean Harbors issued earnings guidance for the year ending December 31, 2026, projecting GAAP net income in a range of $421 million to $472 million.
CTAS
US$173.65
Cintas
7D
0.4%
1Y
-22.7%
Narrative Update • Jun 06

CTAS: UniFirst Synergies And Raised Guidance Are Expected To Support Upside

Analysts have trimmed their average price target for Cintas by a few dollars to reflect recent downward revisions from several firms, even as some highlight potential earnings benefits from the UniFirst deal over time. Analyst Commentary Bullish Takeaways Bullish analysts point to the UniFirst acquisition as a key potential earnings driver, expecting cost and revenue synergies to add several percentage points to growth over the coming four years.
VLTO
US$84.91
Veralto
7D
1.6%
1Y
-14.9%
ACVA
US$5.65
ACV Auctions
7D
-13.6%
1Y
-66.1%
Narrative Update • Jun 05

ACVA: Digital Wholesale Shift And Buybacks Will Support Future Upside

Analysts have nudged their price target for ACV Auctions higher from $9.22 to $9.34, reflecting updated views on fair value, discount rate, revenue growth, profit margin, and future P/E, even though recent Street research included a downgrade to Market Perform with a $7 target. What's in the News ACV Auctions reported Q1 revenue of US$204.2 million, up 11.8% year on year and 1.1% above analyst expectations, according to a recent online marketplace sector review.
CPRT
US$30.86
Copart
7D
-4.5%
1Y
-38.5%
Narrative Update • Jun 04

CPRT: International Expansion And Cash-Funded Buybacks Will Support Future Upside

Analysts have trimmed their price target on Copart to $45 from $47, citing refreshed assumptions that include a fair value estimate of $41.44, updated views on revenue growth and profit margin, and expectations for ongoing international momentum supported by a strong cash position. What's in the News Q3 2026 results: Copart reported consolidated revenue of US$1.24b, up 2.1% year over year, and earnings per share of US$0.43, which was US$0.02 above consensus estimates.
RSG
US$204.93
Republic Services
7D
2.0%
1Y
-17.8%
Narrative Update • Jun 04

RSG: Electric Fleets And AI Recycling Investments Will Support Future Upside

Analysts have maintained their price target for Republic Services at $243.58, citing only minimal shifts in the discount rate, revenue growth expectations, profit margin assumptions, and future P/E estimates that do not materially change their overall valuation view. What's in the News Q1 2026 results: Republic Services reported revenue of US$4.11b, up 2.6% year over year, adjusted EPS of US$1.70 that was 3.8% above consensus, and adjusted EBITDA margin of 32.1%, a 50 basis point expansion, supported by pricing, cost management and fuel recovery fees, despite lower volumes, commodity pressure and severe weather impacts.
TTEK
US$27.59
Tetra Tech
7D
-2.5%
1Y
-21.8%
Narrative Update • Jun 03

TTEK: Future Premium P/E Will Rest On Sustained Margin And Backlog Strength

Analysts made a small adjustment to their Tetra Tech price target, moving it by $1 as they fine tuned their assumptions around the discount rate, revenue growth, profit margin, and future P/E expectations. Analyst Commentary Recent research around Tetra Tech centers on small moves in the price target, with analysts fine tuning assumptions rather than making a major shift in stance.
MSA
US$158.94
MSA Safety
7D
-2.6%
1Y
-4.3%
Narrative Update • Jun 03

MSA: Connected Fire Safety And Capital Returns Will Drive Future Compounding

Analysts have trimmed their average price targets on MSA Safety by a combined $39, citing updated views reflected in recent $29 and $10 target reductions. This reinforces a more measured stance around the stock's current valuation and growth assumptions.
GEO
US$26.68
GEO Group
7D
14.3%
1Y
-1.0%
RBA
US$104.53
RB Global
7D
-0.7%
1Y
-1.5%
Narrative Update • Jun 01

RBA: Share Repurchase And Acquisitions Will Support Future Shareholder Value

Analysts have raised their price target on RB Global by $4 to $150, citing updated assumptions for fair value, discount rate, revenue growth, profit margin, and future P/E as the key drivers of this adjustment. What's in the News RB Global completed the acquisition of Big Iron Auction Company on May 18, 2026, expanding its presence in the U.S. agriculture market and adding agricultural equipment, real estate and rural asset capabilities to its marketplace offering.
WCN
US$153.71
Waste Connections
7D
2.8%
1Y
-18.7%
Narrative Update • Jun 01

WCN: Future Returns Will Depend On Premium P/E And Quality EBITDA Profile

The analyst price target for Waste Connections has moved from $199.16 to $204.32 as analysts cite updated assumptions around slightly higher revenue growth, a modestly lower discount rate, and a slightly higher future P/E multiple, supported by a series of recent target increases across the Street. Analyst Commentary Bullish Takeaways Bullish analysts are lifting targets by increments of US$2 to US$15, which signals higher assumed value on the company’s ability to execute on its current business model.