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U.S. Commercial Services Industry Analysis

UpdatedApr 01, 2026
DataAggregated Company Financials
Companies146
  • 7D0.006%
  • 3M-3.9%
  • 1Y-11.6%
  • YTD-3.0%

Over the last 7 days, the Commercial Services industry has dropped 1.8%, driven by a pullback from Cintas of 5.1%. Overall the industry is down 11% in 12 months. 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
Wed, 01 Apr 2026US$439.9bUS$150.1bUS$12.9b22.2x34x2.9x
Fri, 27 Feb 2026US$467.2bUS$150.5bUS$12.9b25.9x36.2x3.1x
Sun, 25 Jan 2026US$479.7bUS$149.2bUS$12.3b26.2x39x3.2x
Tue, 23 Dec 2025US$459.2bUS$149.1bUS$12.3b23.9x37.2x3.1x
Thu, 20 Nov 2025US$451.1bUS$151.9bUS$12.3b21.8x36.6x3x
Sat, 18 Oct 2025US$475.6bUS$144.3bUS$12.2b27x39x3.3x
Mon, 15 Sep 2025US$488.3bUS$146.4bUS$11.8b25.7x41.4x3.3x
Wed, 13 Aug 2025US$512.0bUS$147.4bUS$11.8b30.2x43.5x3.5x
Fri, 11 Jul 2025US$500.2bUS$145.2bUS$11.2b29x44.6x3.4x
Sun, 08 Jun 2025US$516.2bUS$145.1bUS$11.3b25.4x45.7x3.6x
Tue, 06 May 2025US$517.2bUS$145.0bUS$11.1b28.4x46.7x3.6x
Thu, 03 Apr 2025US$505.8bUS$145.5bUS$11.0b31x46.2x3.5x
Sat, 01 Mar 2025US$496.1bUS$146.3bUS$11.0b29.7x44.9x3.4x
Mon, 27 Jan 2025US$490.0bUS$149.6bUS$11.6b31.5x42.3x3.3x
Wed, 25 Dec 2024US$480.8bUS$149.4bUS$11.6b31.4x41.5x3.2x
Fri, 22 Nov 2024US$505.1bUS$149.3bUS$11.8b31.5x42.9x3.4x
Sun, 20 Oct 2024US$501.3bUS$151.0bUS$10.4b27.8x48.1x3.3x
Tue, 17 Sep 2024US$491.1bUS$151.0bUS$10.3b26.6x47.7x3.3x
Thu, 15 Aug 2024US$474.0bUS$150.9bUS$10.4b27.5x45.6x3.1x
Sat, 13 Jul 2024US$472.9bUS$150.1bUS$9.9b28x47.7x3.2x
Mon, 10 Jun 2024US$451.3bUS$150.1bUS$9.8b25.5x46x3x
Wed, 08 May 2024US$459.2bUS$150.2bUS$10.0b27.7x45.9x3.1x
Fri, 05 Apr 2024US$458.3bUS$149.2bUS$9.5b27.5x48x3.1x
Sun, 03 Mar 2024US$440.0bUS$158.9bUS$9.6b26.3x45.8x2.8x
Tue, 30 Jan 2024US$414.0bUS$150.5bUS$9.8b26.6x42.3x2.8x
Thu, 28 Dec 2023US$413.7bUS$150.3bUS$9.8b26.6x42.3x2.8x
Sat, 25 Nov 2023US$393.1bUS$150.0bUS$9.6b25.4x41x2.6x
Mon, 23 Oct 2023US$361.0bUS$147.8bUS$10.2b24.8x35.4x2.4x
Wed, 20 Sep 2023US$356.3bUS$140.0bUS$9.2b26.6x38.9x2.5x
Fri, 18 Aug 2023US$353.5bUS$139.7bUS$9.1b26x38.9x2.5x
Sun, 16 Jul 2023US$365.0bUS$136.9bUS$9.0b26.9x40.6x2.7x
Tue, 13 Jun 2023US$352.3bUS$136.8bUS$7.1b27x49.6x2.6x
Thu, 11 May 2023US$349.9bUS$136.4bUS$7.3b25x48.1x2.6x
Sat, 08 Apr 2023US$331.7bUS$134.6bUS$7.7b22.7x43.2x2.5x
Price to Earnings Ratio

43.2x


Total Market Cap: US$331.7bTotal Earnings: US$7.7bTotal Revenue: US$134.6bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Commercial Services Industry Price to Earnings3Y Average 43.1x202420252026
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 33.4x which is lower than its 3-year average PE of 43.1x.
  • 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 19% 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-0.61%
Industrials-1.44%
Commercial Services0.0059%
Environmental and Facilities Services1.57%
Security and Alarm Services-0.60%
Commercial Printing-1.96%
Diversified Support Services-2.41%
Office Services and Supplies-7.63%
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 11.8%, 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
WM Waste ManagementUS$229.792.2%
+US$2.0b		-1.7%PE34.2x
WCN Waste ConnectionsUS$162.443.0%
+US$1.2b		-17.3%PE38.6x
RSG Republic ServicesUS$219.021.7%
+US$1.2b		-10.1%PE31.6x
OPLN OPENLANEUS$29.157.3%
+US$210.5m		44.8%PS1.6x
VLTO VeraltoUS$88.421.8%
+US$185.2m		-9.4%PE23.1x

Latest News

MLKN
US$14.46
MillerKnoll
7D
-24.3%
1Y
-24.7%
ROMA
US$4.01
Roma Green Finance
7D
-48.9%
1Y
395.1%
VLTO
US$88.42
Veralto
7D
1.8%
1Y
-9.4%
BCO
US$103.63
Brink's
7D
2.8%
1Y
16.7%

BCO: NCR Atleos Acquisition Will Shape Future Cash And Digital Services

Analysts have lifted Brink's price target by $16 to $145, citing strong Q4 beats, faster growth in Digital Retail Solutions and ATM Managed Services, and the planned $6.6b NCR Atleos acquisition, which is expected to generate $200m in annual run-rate synergies within three years. Analyst Commentary Bullish Takeaways Bullish analysts point to the higher price targets on Brink's and NCR Atleos as a sign that the planned US$6.6b acquisition is being factored positively into valuation, with expected US$200m in annual run rate synergies within three years seen as a key support for the combined earnings profile.
MSA
US$163.95
MSA Safety
7D
-6.3%
1Y
11.5%

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.
HNI
US$33.39
HNI
7D
-8.4%
1Y
-25.4%

HNI: Manufacturing Consolidation And Merger Synergies Will Drive Future Earnings Power

Analysts have kept their HNI price target broadly in line with prior views, with only a small adjustment that reflects updated assumptions for discount rate and future P/E, while leaving fair value at $72.00. What's in the News HNI issued consolidated revenue guidance for the first quarter of 2026, indicating that net sales are expected to be more than 130% higher year over year (Key Developments).
OPLN
US$29.15
OPENLANE
7D
7.3%
1Y
44.8%

OPLN: Dealer To Dealer Share Gains Will Drive 2026 Earnings Power

Narrative Update on OPENLANE The blended analyst price target for OPENLANE has shifted higher by about $1 to $2. This reflects recent target raises into the $35 to $40 range as analysts point to share gains in dealer to dealer auctions, better than expected Q4 results, and 2026 adjusted EBITDA guidance that came in ahead of prior expectations.
BRC
US$81.24
Brady
7D
-2.9%
1Y
14.0%

BRC: Future Upside Will Rely On Completed Buybacks And Firm Earnings Guidance

Analysts have adjusted Brady's fair value estimate to $101.00 per share, a modest change reflecting slightly higher assumed future P/E multiples, while key inputs such as growth, margins, and the discount rate remain effectively unchanged. What's in the News Brady reported that from November 1, 2025 to January 31, 2026 it repurchased 65,747 shares, about 0.14% of its shares, for US$4.91 million under its existing buyback program, bringing total repurchases under the program announced on May 26, 2022 to 4,032,609 shares, or 8.26%, for US$222.01 million (Key Developments).
TTEK
US$30.12
Tetra Tech
7D
-4.9%
1Y
1.9%
CTAS
US$169.14
Cintas
7D
-4.4%
1Y
-18.9%

CTAS: UniFirst Acquisition And Margin Strength Will Support Future Upside Potential

Analysts trimmed their average price targets on Cintas by single digit dollar amounts, pointing to updated views on fair value, discount rates and P/E multiples, even as they highlight potential earnings benefits from the UniFirst deal and see room for margin strength. Analyst Commentary Recent research on Cintas shows a mix of enthusiasm for the UniFirst acquisition and caution around valuation and execution, with several firms adjusting price targets and ratings to reflect updated assumptions.
CWST
US$79.34
Casella Waste Systems
7D
3.8%
1Y
-30.6%

CWST: Mid Atlantic Integration And Landfill Footprint Are Set To Unlock 2026 Tailwind

Casella Waste Systems' updated analyst price target has shifted toward a tighter range around $101 to $130, as analysts factor in slightly higher discount rates, a higher projected profit margin, and a lower future P/E multiple following recent research updates across major firms. Analyst Commentary Recent research updates cluster Casella Waste Systems' fair value views between roughly $101 and $130, with price target revisions reflecting mixed opinions on execution, integration progress, and margin potential.
UNF
US$251.59
UniFirst
7D
-4.5%
1Y
43.5%

UNF: Energy Savings, Buybacks And Higher Future P/E Will Support Fair Valuation

Analysts have raised their price target for UniFirst to $261 from $232. This change reflects updated assumptions for slightly higher revenue growth, a modestly lower profit margin, and a higher future P/E multiple.
WM
US$229.79
Waste Management
7D
2.2%
1Y
-1.7%
RSG
US$219.02
Republic Services
7D
1.7%
1Y
-10.1%

RSG: Share Repurchases And Renewable Gas Projects Will Support Future Upside

Analysts have nudged their price target on Republic Services up by $1, reflecting slightly higher modeled profit margins and a marginally lower discount rate, while revenue growth and future P/E assumptions remain relatively unchanged. What's in the News Between October 1, 2025 and December 31, 2025, Republic Services repurchased 1,253,563 shares, about 0.4% of its shares, for US$270.23 million under its existing buyback program (Key Developments).
WCN
US$162.44
Waste Connections
7D
3.0%
1Y
-17.3%
CPRT
US$33.20
Copart
7D
0.4%
1Y
-42.2%

CPRT: Fee Rate Pressure Reset Will Support Future Upside Potential

Narrative Update on Copart The analyst price target for Copart has been reduced by $11 to $34, as analysts cite increasing competitive pressure on fee rates and fiscal Q2 results that came in below expectations. Analyst Commentary Recent research updates on Copart focus on lower price targets and specific execution risks that investors are watching closely.