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U.S. Commercial Services Industry Analysis

UpdatedNov 07, 2025
DataAggregated Company Financials
Companies151
  • 7D-2.0%
  • 3M-13.3%
  • 1Y-11.7%
  • YTD-4.8%

Over the last 7 days, the Commercial Services industry has dropped 2.0%, driven by pullbacks in Copart and Republic Services of 5.9% and 2.7%, respectively. Overall the industry is down 12% in 12 months. As for the next few years, earnings are expected to grow by 15% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 08 Nov 2025US$446.0bUS$150.2bUS$12.4b22x35.9x3x
Mon, 06 Oct 2025US$493.1bUS$144.3bUS$12.2b29.8x40.4x3.4x
Wed, 03 Sep 2025US$498.7bUS$146.2bUS$11.7b26.9x42.7x3.4x
Fri, 01 Aug 2025US$504.8bUS$147.1bUS$11.4b29.3x44.3x3.4x
Sun, 29 Jun 2025US$504.2bUS$145.2bUS$11.2b26.6x45x3.5x
Tue, 27 May 2025US$518.9bUS$145.4bUS$11.1b25x46.6x3.6x
Thu, 24 Apr 2025US$503.9bUS$145.5bUS$10.8b29.2x46.6x3.5x
Sat, 22 Mar 2025US$489.3bUS$145.4bUS$10.9b29.5x45x3.4x
Mon, 17 Feb 2025US$505.9bUS$150.7bUS$11.4b31.2x44.5x3.4x
Wed, 15 Jan 2025US$483.4bUS$149.6bUS$11.6b32.4x41.8x3.2x
Fri, 13 Dec 2024US$509.5bUS$149.1bUS$11.6b32.2x43.9x3.4x
Sun, 10 Nov 2024US$513.6bUS$149.9bUS$11.7b27.9x43.9x3.4x
Tue, 08 Oct 2024US$488.3bUS$151.0bUS$10.4b26.4x46.8x3.2x
Thu, 05 Sep 2024US$490.6bUS$150.9bUS$10.4b28.3x47.1x3.3x
Sat, 03 Aug 2024US$476.6bUS$151.5bUS$10.2b26.3x46.8x3.1x
Mon, 01 Jul 2024US$466.8bUS$150.1bUS$9.9b26.2x47.3x3.1x
Wed, 29 May 2024US$458.3bUS$149.2bUS$9.9b26.4x46.4x3.1x
Fri, 26 Apr 2024US$454.7bUS$149.7bUS$9.7b27.5x46.9x3x
Sun, 24 Mar 2024US$456.1bUS$149.1bUS$9.4b28.4x48.3x3.1x
Tue, 20 Feb 2024US$427.5bUS$147.8bUS$9.3b28.8x45.8x2.9x
Thu, 18 Jan 2024US$405.0bUS$150.3bUS$9.8b25.8x41.4x2.7x
Sat, 16 Dec 2023US$402.5bUS$150.2bUS$9.7b26.4x41.6x2.7x
Mon, 13 Nov 2023US$382.2bUS$149.5bUS$9.5b25.1x40.4x2.6x
Wed, 11 Oct 2023US$351.8bUS$140.0bUS$9.2b26.1x38.2x2.5x
Fri, 08 Sep 2023US$350.6bUS$139.8bUS$9.0b25.2x38.8x2.5x
Sun, 06 Aug 2023US$354.4bUS$138.6bUS$9.0b24.1x39.6x2.6x
Tue, 04 Jul 2023US$362.2bUS$136.8bUS$9.0b27.4x40.4x2.6x
Thu, 01 Jun 2023US$342.4bUS$137.0bUS$7.1b22.4x48.5x2.5x
Sat, 29 Apr 2023US$341.9bUS$135.9bUS$7.7b23.1x44.4x2.5x
Mon, 27 Mar 2023US$317.3bUS$134.3bUS$7.7b22.9x41.4x2.4x
Wed, 22 Feb 2023US$320.0bUS$133.3bUS$8.2b22.4x39x2.4x
Fri, 20 Jan 2023US$307.6bUS$131.4bUS$7.6b21.1x40.3x2.3x
Sun, 18 Dec 2022US$315.3bUS$131.0bUS$7.6b19.9x41.5x2.4x
Tue, 15 Nov 2022US$321.1bUS$130.4bUS$7.7b21.1x41.7x2.5x
Price to Earnings Ratio

41.7x


Total Market Cap: US$321.1bTotal Earnings: US$7.7bTotal Revenue: US$130.4bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Commercial Services Industry Price to Earnings3Y Average 43.6x202320242025
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 35.9x which is lower than its 3-year average PE of 43.6x.
  • 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 17% per year over the last three years.
  • Revenues for these companies have grown 4.8% 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-1.75%
Industrials-1.91%
Commercial Services-2.02%
Commercial Printing1.10%
Environmental and Facilities Services-1.48%
Office Services and Supplies-2.00%
Diversified Support Services-3.06%
Security and Alarm Services-3.57%
Industry PE
  • Investors are most optimistic about the Environmental and Facilities Services industry, which is trading close to its 3-year average PE ratio of 39.9x.
    • Analysts are expecting annual earnings growth of 15.2%, which is higher than its past year's earnings decline of 4.9% per year.
  • Investors are most pessimistic about the Office Services and Supplies industry, which is trading below its 3-year average of 36.0x.
Forecasted Growth
  • Analysts are most optimistic on the Security and Alarm Services industry, expecting annual earnings growth of 41% over the next 5 years.
  • This is roughly in line with its past earnings growth rate.
  • In contrast, the Diversified Support 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
ROL RollinsUS$58.651.5%
+US$416.8m		19.6%PE55.1x
CTAS CintasUS$184.890.5%
+US$365.7m		-15.8%PE40.3x
CWST Casella Waste SystemsUS$88.316.6%
+US$347.6m		-17.1%PE367.5x
DLX DeluxeUS$20.7514.2%
+US$115.8m		-8.4%PE11.3x
BCO Brink'sUS$112.270.5%
+US$22.1m		11.7%PE27.7x

Latest News

DLX
US$20.75
Deluxe
7D
14.2%
1Y
-8.4%
RBA
US$96.21
RB Global
7D
-4.2%
1Y
7.7%
BCO
US$112.27
Brink's
7D
0.5%
1Y
11.7%
ACVA
US$5.09
ACV Auctions
7D
-42.8%
1Y
-73.9%
RSG
US$204.23
Republic Services
7D
-2.7%
1Y
-1.9%

RSG: Nationwide Labor Win And Buyback Will Drive Improved Outlook

Analysts have revised their price target for Republic Services slightly downward from $256.68 to $248.86. This change reflects updated forecasts for growth, profitability, and valuation multiples.
CWST
US$88.31
Casella Waste Systems
7D
6.6%
1Y
-17.1%

Casella Waste Systems, Inc. Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Predictions

Nov 05
Casella Waste Systems, Inc. Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Predictions
VSTS
US$5.22
Vestis
7D
2.0%
1Y
-62.8%

Returns On Capital Signal Difficult Times Ahead For Vestis (NYSE:VSTS)

Nov 05
Returns On Capital Signal Difficult Times Ahead For Vestis (NYSE:VSTS)
WCN
US$165.31
Waste Connections
7D
-3.3%
1Y
-9.1%

WCN: Share Repurchases And Dividend Hike Will Drive Long-Term Margin Expansion

Waste Connections saw its average analyst price target edge up modestly by $0.42 to $207.00, as analysts cited continued outperformance versus expectations and optimism around long-term margin expansion and project execution, even though some forecasts for 2026 have been tempered. Analyst Commentary Analysts covering Waste Connections provided a range of perspectives following the latest financial results and guidance updates.
CLH
US$205.12
Clean Harbors
7D
-4.7%
1Y
-20.9%
VLTO
US$98.52
Veralto
7D
-1.9%
1Y
-5.5%
ROL
US$58.65
Rollins
7D
1.5%
1Y
19.6%

ROL: Recurring Contracts And Market Expansion Will Drive Predictable Returns Ahead

Analysts have increased their price target for Rollins by $0.75 to $60.42. They cite the company's resilient business model and continued outperformance in key financial metrics.
WM
US$199.62
Waste Management
7D
-0.5%
1Y
-9.4%

WM: Network Expansion And New Leadership Will Drive Upside Momentum

Analysts have lowered their price target for Waste Management from $252.45 to $246.64. This reduction is attributed to a more cautious outlook on revenue growth and modestly narrower profit margins.
CTAS
US$184.89
Cintas
7D
0.5%
1Y
-15.8%
QUAD
US$5.68
Quad/Graphics
7D
5.0%
1Y
-24.1%
CPRT
US$39.98
Copart
7D
-5.9%
1Y
-28.3%
EBF
US$16.94
Ennis
7D
2.4%
1Y
-23.2%