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U.S. Commercial Services Industry Analysis

UpdatedAug 04, 2026
DataAggregated Company Financials
Companies164
  • 7D-3.0%
  • 3M5.7%
  • 1Y-7.8%
  • YTD0.8%

Over the last 7 days, the Commercial Services industry has dropped 3.0%, driven by a pullback from Waste Management of 5.4%. Meanwhile, MSA Safety actually outperformed within the industry, gaining 7.1% in the last week. Overall the industry is down 7.8% in 12 months. 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, 04 Aug 2026US$459.1bUS$153.8bUS$13.6b20.8x33.7x3x
Thu, 02 Jul 2026US$440.1bUS$151.8bUS$13.4b20.6x32.9x2.9x
Sat, 30 May 2026US$430.3bUS$152.3bUS$13.2b21.4x32.7x2.8x
Mon, 27 Apr 2026US$450.7bUS$150.4bUS$13.0b23.1x34.8x3x
Wed, 25 Mar 2026US$446.5bUS$149.8bUS$12.9b22.9x34.7x3x
Fri, 20 Feb 2026US$474.1bUS$150.1bUS$13.0b25x36.6x3.2x
Sun, 18 Jan 2026US$475.0bUS$149.2bUS$12.3b26x38.6x3.2x
Tue, 16 Dec 2025US$458.7bUS$148.8bUS$12.2b24.9x37.5x3.1x
Thu, 13 Nov 2025US$445.3bUS$150.3bUS$12.4b23.3x36x3x
Sat, 11 Oct 2025US$483.9bUS$144.3bUS$12.2b27.2x39.7x3.4x
Mon, 08 Sep 2025US$491.1bUS$146.4bUS$11.8b26.4x41.7x3.4x
Wed, 06 Aug 2025US$505.4bUS$147.2bUS$11.5b27.8x44x3.4x
Fri, 04 Jul 2025US$504.8bUS$145.2bUS$11.2b26.7x45x3.5x
Sun, 01 Jun 2025US$522.5bUS$145.4bUS$11.1b24.8x46.9x3.6x
Tue, 29 Apr 2025US$506.9bUS$145.8bUS$10.9b28.6x46.6x3.5x
Thu, 27 Mar 2025US$492.8bUS$145.5bUS$11.0b29.7x44.9x3.4x
Sat, 22 Feb 2025US$501.1bUS$151.3bUS$11.6b29.2x43.3x3.3x
Mon, 20 Jan 2025US$494.2bUS$149.5bUS$11.6b33.4x42.7x3.3x
Wed, 18 Dec 2024US$503.2bUS$149.1bUS$11.6b31x43.4x3.4x
Fri, 15 Nov 2024US$517.7bUS$149.8bUS$11.6b29.1x44.5x3.5x
Sun, 13 Oct 2024US$497.5bUS$151.0bUS$10.4b25.9x47.7x3.3x
Tue, 10 Sep 2024US$483.7bUS$151.0bUS$10.3b26.8x47x3.2x
Thu, 08 Aug 2024US$466.3bUS$151.5bUS$10.2b25x45.7x3.1x
Sat, 06 Jul 2024US$465.9bUS$150.1bUS$9.9b26.3x47x3.1x
Mon, 03 Jun 2024US$454.5bUS$150.1bUS$9.8b27x46.3x3x
Wed, 01 May 2024US$448.0bUS$149.9bUS$9.9b26.3x45.2x3x
Fri, 29 Mar 2024US$464.6bUS$149.2bUS$9.5b28.7x48.7x3.1x
Sun, 25 Feb 2024US$438.3bUS$148.1bUS$9.2b28.1x47.4x3x
Tue, 23 Jan 2024US$415.6bUS$150.3bUS$9.8b26.6x42.5x2.8x
Thu, 21 Dec 2023US$406.3bUS$150.2bUS$9.7b26.4x41.9x2.7x
Sat, 18 Nov 2023US$389.3bUS$149.9bUS$9.4b25.3x41.2x2.6x
Mon, 16 Oct 2023US$351.0bUS$140.0bUS$9.2b25.9x38.1x2.5x
Wed, 13 Sep 2023US$351.1bUS$139.9bUS$9.1b25.4x38.6x2.5x
Fri, 11 Aug 2023US$353.3bUS$139.6bUS$8.9b24x39.8x2.5x
Price to Earnings Ratio

39.8x


Total Market Cap: US$353.3bTotal Earnings: US$8.9bTotal Revenue: US$139.6bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Commercial Services Industry Price to Earnings3Y Average 41.7x202420252026
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 33.7x which is lower than its 3-year average PE of 41.7x.
  • 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 15% per year over the last three years.
  • Revenues for these companies have grown 3.3% 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 Market2.39%
Industrials0.87%
Commercial Services-3.01%
Office Services and Supplies5.54%
Commercial Printing0.40%
Security and Alarm Services-0.089%
Environmental and Facilities Services-2.91%
Diversified Support Services-4.43%
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 49.1x.
    • Analysts are expecting annual earnings growth of 15.2%, 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 32.4x.
Forecasted Growth
  • Analysts are most optimistic on the Commercial Printing industry, expecting annual earnings growth of 23% over the next 5 years.
  • This is better than its past earnings growth rate of 8.1% 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
MSA MSA SafetyUS$192.467.1%
+US$486.5m		7.0%PE23.7x
CLH Clean HarborsUS$310.982.4%
+US$368.0m		28.5%PE37.4x
HNI HNIUS$47.658.0%
+US$255.6m		8.0%PE797.8x
QUAD Quad/GraphicsUS$10.8529.0%
+US$124.7m		62.9%PE17.9x
OPLN OPENLANEUS$41.172.1%
+US$87.9m		64.4%PS2.2x

Latest News

CTAS
US$204.01
Cintas
7D
-5.1%
1Y
-8.5%
PBI
US$18.07
Pitney Bowes
7D
1.3%
1Y
61.6%
RSG
US$209.62
Republic Services
7D
-3.2%
1Y
-9.7%
VLTO
US$94.82
Veralto
7D
-3.7%
1Y
-11.0%
Analysis Article • Aug 03

Veralto Corporation (NYSE:VLTO) Second-Quarter Results Just Came Out: Here's What Analysts Are Forecasting For This Year

It's been a good week for Veralto Corporation ( NYSE:VLTO ) shareholders, because the company has just released its...
MSA
US$192.46
MSA Safety
7D
7.1%
1Y
7.0%
HNI
US$47.65
HNI
7D
8.0%
1Y
8.0%
GEO
US$31.34
GEO Group
7D
2.0%
1Y
21.3%
CLH
US$310.98
Clean Harbors
7D
2.4%
1Y
28.5%
Narrative Update • Jul 31

CLH: New Contracts And Acquisitions Will Support Higher Future Share Price

Analysts have raised their price target for Clean Harbors to about $359 from roughly $326, citing updated assumptions for revenue growth, profit margins, the discount rate, and future P/E. These changes collectively support a higher fair value estimate.
QUAD
US$10.85
Quad/Graphics
7D
29.0%
1Y
62.9%
New Narrative • Jul 31

Packaging Shift And Retail Media Expansion Will Support Fairly Priced Long Term Outlook

Catalysts About Quad/Graphics Quad/Graphics is a marketing experience and print company that provides integrated agency solutions, retail media, packaging and logistics services. What are the underlying business or industry changes driving this perspective?
WM
US$226.43
Waste Management
7D
-5.4%
1Y
-1.5%
Narrative Update • Jul 30

WM: Dividend Hike And Buybacks Will Support Sustainability-Focused Upside

Analysts have lifted their price target on Waste Management to $260.64 from $253.12, reflecting updated views on fair value based on revised assumptions for discount rate, revenue growth, profit margin, and future P/E multiples. What’s in the News for Waste Management Waste Management reported strong operating performance in 2025, with disciplined pricing, cost efficiencies, and growth in its core collection and disposal business, according to its Q4 2025 earnings call transcript.
CWST
US$91.99
Casella Waste Systems
7D
1.0%
1Y
-7.3%
ROL
US$38.19
Rollins
7D
-2.1%
1Y
-34.3%
Seeking Alpha • Jul 30

Rollins: Earnings Growth Recovery Needs More Evidence (Rating Downgrade)

Summary Rollins is downgraded from buy to hold due to persistent margin pressure and weaker-than-expected organic growth. Q2 2026 saw organic revenue growth slow to 5.7%, with residential customer acquisition notably weak and incremental margins disappointing. Gross margin contracted 100 bps to 52.8%, adj. EBITDA margin fell 120 bps to 21.9%, and cost pressures remain elevated. With valuation now at ~31x NTM P/E, further multiple compression is possible if earnings growth fails to re-accelerate. Read the full article on Seeking Alpha
RBA
US$112.22
RB Global
7D
-3.7%
1Y
2.4%
OPLN
US$41.17
OPENLANE
7D
2.1%
1Y
64.4%
Narrative Update • Jul 28

OPLN: Execution Momentum And 2026 Guidance Will Shape Balanced Share Outlook

OPENLANE's analyst price target has shifted from about $39.56 to roughly $42.11, with analysts pointing to updated sector earnings previews and company specific execution as key reasons for the adjustment. Analyst Commentary Recent research on OPENLANE points to a cluster of higher price targets and rating changes that focus on execution, growth prospects and how the stock is valued against those factors.
CPRT
US$29.35
Copart
7D
-4.4%
1Y
-36.9%
New Narrative • Jul 27

Compounder to Cash Generator in Real Time

The Auction Business Moat Is Fine. The Capital Allocation Is Not.
WCN
US$167.81
Waste Connections
7D
-0.8%
1Y
-10.2%