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U.S. Commercial Services Industry Analysis

UpdatedMar 02, 2026
DataAggregated Company Financials
Companies155
  • 7D2.5%
  • 3M6.0%
  • 1Y-2.9%
  • YTD5.9%

The Commercial Services industry is up 2.5% in the last week, with Waste Management up 6.0%. Meanwhile, HNI actually underperformed within the industry, shrinking 10% in the last week. Overall in the last year, the industry is flat. 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
Wed, 04 Mar 2026US$478.2bUS$145.3bUS$12.7b25.7x37.7x3.3x
Fri, 30 Jan 2026US$476.9bUS$149.5bUS$12.6b26.8x38x3.2x
Sun, 28 Dec 2025US$465.3bUS$149.1bUS$12.3b24x37.7x3.1x
Tue, 25 Nov 2025US$457.5bUS$151.9bUS$12.4b21.9x37x3x
Thu, 23 Oct 2025US$486.7bUS$144.4bUS$12.2b26.8x40x3.4x
Sat, 20 Sep 2025US$482.1bUS$146.4bUS$11.8b26.5x40.9x3.3x
Mon, 18 Aug 2025US$502.2bUS$147.4bUS$11.7b29.8x42.8x3.4x
Wed, 16 Jul 2025US$503.7bUS$145.2bUS$11.2b27.5x44.9x3.5x
Fri, 13 Jun 2025US$512.2bUS$145.1bUS$11.3b26.1x45.3x3.5x
Sun, 11 May 2025US$519.5bUS$145.3bUS$11.0b27.2x47.2x3.6x
Tue, 08 Apr 2025US$477.7bUS$145.4bUS$11.0b28.6x43.6x3.3x
Thu, 06 Mar 2025US$496.5bUS$146.4bUS$11.0b29.2x45x3.4x
Sat, 01 Feb 2025US$504.1bUS$150.4bUS$11.6b31.8x43.5x3.4x
Mon, 30 Dec 2024US$476.3bUS$149.5bUS$11.6b31x41.2x3.2x
Wed, 27 Nov 2024US$527.4bUS$149.1bUS$11.6b33.1x45.4x3.5x
Fri, 25 Oct 2024US$493.7bUS$151.5bUS$10.6b25.7x46.7x3.3x
Sun, 22 Sep 2024US$486.2bUS$151.0bUS$10.3b26.7x47.1x3.2x
Tue, 20 Aug 2024US$479.1bUS$150.9bUS$10.4b30.9x46x3.2x
Thu, 18 Jul 2024US$484.0bUS$150.1bUS$9.9b28.9x48.8x3.2x
Sat, 15 Jun 2024US$455.4bUS$150.1bUS$9.8b24.9x46.4x3x
Mon, 13 May 2024US$461.0bUS$150.9bUS$10.1b27.1x45.5x3.1x
Wed, 10 Apr 2024US$456.1bUS$149.1bUS$9.5b27.9x47.9x3.1x
Fri, 08 Mar 2024US$445.2bUS$149.3bUS$9.4b27.6x47.3x3x
Sun, 04 Feb 2024US$421.7bUS$150.7bUS$9.7b25.6x43.3x2.8x
Tue, 02 Jan 2024US$413.8bUS$150.3bUS$9.8b26.1x42.3x2.8x
Thu, 30 Nov 2023US$391.0bUS$150.0bUS$9.6b25.6x40.7x2.6x
Sat, 28 Oct 2023US$358.3bUS$148.6bUS$10.3b23.6x34.7x2.4x
Mon, 25 Sep 2023US$348.2bUS$140.0bUS$9.2b26.4x37.9x2.5x
Wed, 23 Aug 2023US$349.3bUS$139.7bUS$9.1b24.2x38.6x2.5x
Fri, 21 Jul 2023US$369.7bUS$136.9bUS$9.0b27.5x41.1x2.7x
Sun, 18 Jun 2023US$356.0bUS$136.8bUS$7.1b25.7x50.1x2.6x
Tue, 16 May 2023US$349.1bUS$136.8bUS$7.0b24.8x49.8x2.6x
Thu, 13 Apr 2023US$337.1bUS$134.6bUS$7.7b23.8x43.9x2.5x
Sat, 11 Mar 2023US$310.8bUS$133.0bUS$8.2b21.8x38.1x2.3x
Price to Earnings Ratio

38.1x


Total Market Cap: US$310.8bTotal Earnings: US$8.2bTotal Revenue: US$133.0bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Commercial Services Industry Price to Earnings3Y Average 43.2x202420252026
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 37.7x which is lower than its 3-year average PE of 43.2x.
  • 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 16% per year over the last three years.
  • Revenues for these companies have grown 3.0% 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-0.57%
Industrials-0.32%
Commercial Services2.48%
Security and Alarm Services9.55%
Environmental and Facilities Services3.58%
Commercial Printing2.92%
Diversified Support Services0.80%
Office Services and Supplies-4.03%
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 60.4x.
    • Analysts are expecting annual earnings growth of 12.9%, which is higher than its past year's earnings growth of 7.1% 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 Office Services and Supplies industry, expecting annual earnings growth of 28% over the next 5 years.
  • This is better than its past earnings decline of 33% per year.
  • In contrast, the Security and Alarm Services industry is expected to see its earnings grow by 7.2% 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$243.446.0%
+US$5.6b		5.9%PE36.3x
RSG Republic ServicesUS$232.275.2%
+US$3.6b		-1.6%PE33.5x
CPRT CopartUS$38.489.1%
+US$3.1b		-29.1%PE23.9x
WCN Waste ConnectionsUS$172.574.3%
+US$1.8b		-9.5%PE41x
CTAS CintasUS$201.551.5%
+US$1.2b		-1.5%PE42.6x

Latest News

TILE
US$29.50
Interface
7D
-7.5%
1Y
57.2%
WM
US$243.44
Waste Management
7D
6.0%
1Y
5.9%
RBA
US$100.52
RB Global
7D
3.7%
1Y
-0.1%
ROL
US$60.17
Rollins
7D
-0.6%
1Y
14.6%

ROL: Weather And Execution Shortfalls Will Pressure Elevated P/E Expectations

The updated analyst price target for Rollins edges down to about $50.00, reflecting slightly lower assumed revenue growth and profit margins, along with a modestly reduced future P/E. Analysts broadly maintain a constructive view on the sector and continue to reference long term growth in revenue, EPS and free cash flow.
HNI
US$43.67
HNI
7D
-10.1%
1Y
-2.2%

HNI: Manufacturing Consolidation And Merger Synergies Will Support Future Upside Potential

Analysts have raised their price target on HNI from $70.75 to $72.00, citing updated assumptions around discount rates, revenue growth, profit margins, and future P/E as key drivers of the change. What's in the News HNI issued new consolidated revenue guidance for the first quarter of 2026, stating that net sales are expected to be higher by more than 130% year over year (Corporate Guidance).
MSA
US$193.90
MSA Safety
7D
-1.2%
1Y
22.8%

MSA: Mid Single Digit Outlook And Recurring Revenue Will Shape Future Returns

Analysts have raised their blended price target for MSA Safety from about $198 to roughly $212, citing recent Q4 results, refreshed models, and expectations for mid single digit organic growth as NFPA related headwinds ease and recurring revenue increases. Analyst Commentary Recent Street research on MSA Safety clusters around Q4 results, the updated outlook for organic growth, and the role of recurring revenue in supporting valuation.
BCO
US$125.83
Brink's
7D
-2.6%
1Y
45.8%
BRC
US$90.53
Brady
7D
-2.6%
1Y
30.4%

BRC: Future Returns Will Reflect Steady Buybacks Dividends And Earnings Guidance

Analysts have nudged their price target on Brady slightly higher to $101, citing small adjustments to the discount rate, revenue growth, profit margins and future P/E assumptions that largely offset each other and keep fair value broadly unchanged. What's in the News Brady raised the low end of its GAAP earnings per diluted Class A Nonvoting Common Share guidance for the year ending July 31, 2026 from $4.57 to $4.62, while keeping the high end at $4.82 per share (Corporate Guidance).
MLKN
US$19.90
MillerKnoll
7D
-6.1%
1Y
-4.1%
RSG
US$232.27
Republic Services
7D
5.2%
1Y
-1.6%

RSG: Renewable Gas Buildout And Capital Returns Will Support Steady Outlook

Analysts have trimmed their price target on Republic Services slightly to $244.04 from $244.21. This reflects updated assumptions around a marginally different discount rate, revenue growth outlook, profit margin expectations, and future P/E estimates.
CLH
US$297.15
Clean Harbors
7D
4.4%
1Y
47.6%
CPRT
US$38.48
Copart
7D
9.1%
1Y
-29.1%
WCN
US$172.57
Waste Connections
7D
4.3%
1Y
-9.5%

WCN: Future Returns Will Be Driven By Compounding M&A Despite Chiquita Cash Outlays

Our updated fair value estimate for Waste Connections moves to $198.75 from $204.25, reflecting analysts' lower price targets after 2026 guidance that points to softer growth assumptions and higher expected cash outlays tied to the Chiquita landfill. Analyst Commentary Street research around the latest quarter and 2026 outlook has become more cautious, with most firms trimming price targets while largely maintaining positive ratings.
TTEK
US$36.45
Tetra Tech
7D
10.9%
1Y
25.1%
CTAS
US$201.55
Cintas
7D
1.5%
1Y
-1.5%
ANPA
US$9.48
Rich Sparkle Holdings
7D
-24.2%
1Y
n/a