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U.S. Commercial Services Industry Analysis

UpdatedApr 11, 2026
DataAggregated Company Financials
Companies149
  • 7D-0.9%
  • 3M-4.6%
  • 1Y-9.7%
  • YTD-1.9%

Last week, the Commercial Services industry hasn't moved much but RB Global is up 5.0% in that time. As for the longer term, the industry has declined 9.7% in the last year. As for the next few years, earnings are expected to grow by 13% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 12 Apr 2026US$449.8bUS$150.1bUS$13.0b23.2x34.7x3x
Tue, 10 Mar 2026US$482.4bUS$150.6bUS$12.9b24.6x37.4x3.2x
Thu, 05 Feb 2026US$472.4bUS$149.5bUS$12.6b26.1x37.5x3.2x
Sat, 03 Jan 2026US$459.4bUS$149.1bUS$12.3b24.2x37.3x3.1x
Mon, 01 Dec 2025US$460.6bUS$151.9bUS$12.4b22.6x37.3x3x
Wed, 29 Oct 2025US$463.7bUS$145.2bUS$12.0b26.2x38.6x3.2x
Fri, 26 Sep 2025US$479.4bUS$146.8bUS$11.8b26.5x40.6x3.3x
Sun, 24 Aug 2025US$507.9bUS$147.4bUS$11.7b30.3x43.2x3.4x
Tue, 22 Jul 2025US$501.2bUS$145.4bUS$11.3b26.2x44.5x3.4x
Thu, 19 Jun 2025US$506.0bUS$145.1bUS$11.3b25.4x44.8x3.5x
Sat, 17 May 2025US$520.3bUS$145.4bUS$11.0b26.1x47.4x3.6x
Mon, 14 Apr 2025US$501.5bUS$145.5bUS$10.9b26.8x45.8x3.4x
Wed, 12 Mar 2025US$488.8bUS$146.4bUS$11.0b28.8x44.3x3.3x
Fri, 07 Feb 2025US$499.6bUS$150.1bUS$11.6b32.9x43.1x3.3x
Sun, 05 Jan 2025US$474.1bUS$149.5bUS$11.6b31.1x41x3.2x
Tue, 03 Dec 2024US$528.7bUS$149.1bUS$11.6b32.7x45.5x3.5x
Thu, 31 Oct 2024US$495.8bUS$152.1bUS$10.7b26.4x46.2x3.3x
Sat, 28 Sep 2024US$488.0bUS$151.0bUS$10.4b27.3x46.8x3.2x
Mon, 26 Aug 2024US$491.5bUS$150.9bUS$10.4b30x47.2x3.3x
Wed, 24 Jul 2024US$488.2bUS$150.2bUS$10.0b27.7x48.9x3.2x
Fri, 21 Jun 2024US$466.0bUS$150.1bUS$9.8b26.1x47.4x3.1x
Sun, 19 May 2024US$459.3bUS$149.3bUS$10.2b28.4x45.1x3.1x
Tue, 16 Apr 2024US$450.1bUS$149.1bUS$9.5b26.8x47.3x3x
Thu, 14 Mar 2024US$446.4bUS$149.1bUS$9.5b28.2x47.2x3x
Sat, 10 Feb 2024US$418.5bUS$147.2bUS$9.4b26.9x44.7x2.8x
Mon, 08 Jan 2024US$401.3bUS$150.3bUS$9.8b25.3x41x2.7x
Wed, 06 Dec 2023US$399.1bUS$150.1bUS$9.7b26.1x41.3x2.7x
Fri, 03 Nov 2023US$365.0bUS$148.9bUS$9.4b25.6x39x2.5x
Sun, 01 Oct 2023US$341.2bUS$140.0bUS$9.2b23.7x37.1x2.4x
Tue, 29 Aug 2023US$350.9bUS$139.7bUS$9.1b24x38.7x2.5x
Thu, 27 Jul 2023US$366.8bUS$137.0bUS$9.0b25.6x40.6x2.7x
Sat, 24 Jun 2023US$354.6bUS$136.8bUS$7.1b24.8x49.8x2.6x
Mon, 22 May 2023US$349.1bUS$136.9bUS$7.1b25.4x49.3x2.6x
Wed, 19 Apr 2023US$339.4bUS$134.6bUS$7.6b23.6x44.8x2.5x
Price to Earnings Ratio

44.8x


Total Market Cap: US$339.4bTotal Earnings: US$7.6bTotal Revenue: US$134.6bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Commercial Services Industry Price to Earnings3Y Average 43x202420252026
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 34.7x which is lower than its 3-year average PE of 43.0x.
  • 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 20% 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 Market3.31%
Industrials4.77%
Commercial Services-0.92%
Office Services and Supplies5.00%
Commercial Printing3.14%
Diversified Support Services0.56%
Security and Alarm Services-0.74%
Environmental and Facilities Services-1.93%
Industry PE
  • Investors are most optimistic about the Environmental and Facilities Services industry even though it's trading below its 3-year average PE ratio of 40.6x.
    • Analysts are expecting annual earnings growth of 12.0%, which is higher than its past year's earnings growth of 4.7% 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 Security and Alarm Services industry, expecting annual earnings growth of 19% over the next 5 years.
  • However this is lower than its past earnings growth rate of 69% 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
RBA RB GlobalUS$103.305.0%
+US$922.2m		6.4%PE50.3x
VLTO VeraltoUS$89.501.7%
+US$365.9m		-0.1%PE23.4x
CLH Clean HarborsUS$302.231.8%
+US$276.7m		50.9%PE40.9x
MSA MSA SafetyUS$172.234.3%
+US$275.7m		19.4%PE23.9x
CTAS CintasUS$174.930.3%
+US$245.7m		-15.1%PE36.2x

Latest News

RSG
US$214.66
Republic Services
7D
-3.8%
1Y
-12.0%

RSG: Recycling Automation And Share Repurchases Will Support Future Upside

Analysts have left their $245.46 price target on Republic Services unchanged, citing only small tweaks to assumptions around the discount rate, revenue growth, profit margin, and future P/E that do not materially alter their overall view of the stock. What's in the News Republic Services opened its upgraded 54,000 square foot Peabody Recycling Center in Massachusetts, featuring automated sorting equipment, AI powered technology, enhanced safety systems, expanded processing capacity of 35 to 40 tons per hour, and cleaner material output for end markets.
CTAS
US$174.93
Cintas
7D
0.3%
1Y
-15.1%

CTAS: UniFirst Deal Synergies Will Support Future Earnings Resilience

The updated analyst price target for Cintas edges slightly lower by about $2 to align with recent cuts from several firms, while still reflecting expectations for earnings support from the UniFirst acquisition and related cost and revenue synergies highlighted in recent research. Analyst Commentary Recent research on Cintas reflects a mix of optimism around the UniFirst acquisition and growing caution on valuation and execution risks, with several price targets adjusted to reflect these cross currents.
RBA
US$103.30
RB Global
7D
5.0%
1Y
6.4%
TTEK
US$30.19
Tetra Tech
7D
-2.8%
1Y
0%

TTEK: Lower Discount Rate And Higher Margin Assumptions Will Support Future Upside

Analysts have increased their price target on Tetra Tech by $2, citing updated views on fair value, discount rate, revenue growth, profit margin, and future P/E assumptions reflected in recent research. Analyst Commentary Analysts lifting their price target by $2 are signaling an updated view of where Tetra Tech’s shares might sit relative to their assessment of fair value.
ROL
US$54.23
Rollins
7D
0.6%
1Y
-1.8%
CXW
US$19.92
CoreCivic
7D
-2.9%
1Y
-7.3%
VLTO
US$89.50
Veralto
7D
1.7%
1Y
-0.1%

VLTO: M&A Focus And New Buy Rating Will Support Future Compounding

Analysts have adjusted the Veralto fair value estimate slightly higher to $110.41, with the shift reflecting updated views on future growth, margins, and P/E assumptions following a mix of recent price target cuts and a new Buy initiation. Analyst Commentary Recent Street research around Veralto reflects a mixed backdrop, with several firms trimming price targets while one major upgrade reset the stock to a Buy rating.
MEG
US$21.73
Montrose Environmental Group
7D
-4.7%
1Y
61.0%

MEG: Emissions And PFAS Technologies Will Support Future Upside Potential

Analysts have adjusted their price target on Montrose Environmental Group to $40.00, unchanged from the previous $40.00. This reflects updated views on the discount rate, revenue growth, profit margin, and future P/E assumptions, while keeping the overall valuation the same.
HNI
US$34.92
HNI
7D
7.5%
1Y
-17.0%

HNI Corporation Q1 Preview: Steelcase Integration Needs To Show It Was Worth It

Apr 06
WCN
US$161.59
Waste Connections
7D
-2.7%
1Y
-17.0%

WCN: Future Returns Will Rely On Premium P/E Despite Chiquita Closure Costs

Analysts made a marginal trim to the Waste Connections fair value estimate, with the target easing by about $0.10 to roughly $198.80. A slightly higher discount rate and refreshed earnings models, including several reduced Street price targets and a new $199 Outperform initiation, fed into the updated view.
CLH
US$302.23
Clean Harbors
7D
1.8%
1Y
50.9%

CLH: Expanded Buybacks And 2026 Outlook Will Support A Steady Fair View

Analysts have inched up their price target for Clean Harbors to about $303, a move they link to slightly adjusted inputs such as a near unchanged discount rate around 7.17%, revenue growth around 4.16%, profit margin just below 7.95%, and a forward P/E ratio now a touch above 34.4x. What's in the News Issued earnings guidance for the year ending December 31, 2026, with expected GAAP net income in a range of $410 million to $461 million, along with an expectation of revenue growth as the company focuses on delivering value to shareholders (Corporate Guidance).
CPRT
US$32.76
Copart
7D
-1.9%
1Y
-45.3%

CPRT: Fee Rate Pressure Reset Will Support Future Share Price Upside

Analysts have trimmed their average price target on Copart by about $10 to the mid $30s, citing increasing competitive pressure on fee rates and fiscal Q2 results that fell short of expectations. Analyst Commentary Analysts are recalibrating expectations on Copart, with recent price target cuts into the low to mid $30s reflecting a more cautious stance on both pricing power and near term execution.
BRC
US$83.77
Brady
7D
3.8%
1Y
23.7%
WM
US$229.45
Waste Management
7D
-2.5%
1Y
0.03%
GEO
US$17.53
GEO Group
7D
-4.8%
1Y
-39.6%

GEO: ICE Detention Spending And 2026 Guidance Will Reset Earnings Expectations

Analysts have reduced their price expectations for GEO Group, with recent updates lowering targets to $28. This reflects slower than anticipated growth following the company’s Q4 results and 2026 guidance.
MSA
US$172.23
MSA Safety
7D
4.3%
1Y
19.4%

MSA: NFPA Recovery And Recurring Revenue Will Support Future Upside

Analysts have lifted their average MSA Safety price targets into a $205 to $235 range, citing Q4 earnings, a return to mid single digit organic growth as NFPA related issues fade, and the company's positioning as a wide moat business with rising recurring revenue. Analyst Commentary Recent Street research around MSA Safety has focused on how the Q4 earnings print, the outlook for organic growth and the mix of recurring revenue stack up against current valuation after the latest round of price target revisions into the $205 to $235 range.