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U.S. Commercial Services Industry Analysis

UpdatedNov 14, 2025
DataAggregated Company Financials
Companies150
  • 7D1.7%
  • 3M-9.2%
  • 1Y-8.4%
  • YTD-2.0%

Over the last 7 days, the Commercial Services industry has risen 1.7%, driven by gains from Waste Management of 4.3%. However, the industry is down 8.4% over the past year. Earnings are forecast to grow by 15% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 17 Nov 2025US$445.4bUS$150.3bUS$12.4b23.3x36x3x
Wed, 15 Oct 2025US$482.5bUS$144.3bUS$12.2b27.4x39.6x3.3x
Fri, 12 Sep 2025US$486.0bUS$146.4bUS$11.8b25.9x41.3x3.3x
Sun, 10 Aug 2025US$510.0bUS$147.4bUS$11.8b28.1x43.3x3.5x
Tue, 08 Jul 2025US$504.8bUS$145.2bUS$11.2b26x45x3.5x
Thu, 05 Jun 2025US$520.8bUS$145.0bUS$11.3b25.1x46.1x3.6x
Sat, 03 May 2025US$512.7bUS$145.0bUS$11.1b27.7x46.3x3.5x
Mon, 31 Mar 2025US$495.1bUS$145.5bUS$10.9b32.3x45.3x3.4x
Wed, 26 Feb 2025US$502.4bUS$151.3bUS$11.2b29.4x44.8x3.3x
Fri, 24 Jan 2025US$494.8bUS$149.6bUS$11.6b31.8x42.8x3.3x
Sun, 22 Dec 2024US$479.6bUS$149.4bUS$11.6b31.6x41.4x3.2x
Tue, 19 Nov 2024US$502.0bUS$149.3bUS$11.8b28.7x42.7x3.4x
Thu, 17 Oct 2024US$500.8bUS$151.0bUS$10.4b26.6x48x3.3x
Sat, 14 Sep 2024US$488.1bUS$151.0bUS$10.3b26.5x47.4x3.2x
Mon, 12 Aug 2024US$473.1bUS$150.9bUS$10.5b26.7x45.3x3.1x
Wed, 10 Jul 2024US$468.1bUS$150.1bUS$9.9b25.4x47.2x3.1x
Fri, 07 Jun 2024US$457.0bUS$150.1bUS$9.8b25.8x46.5x3x
Sun, 05 May 2024US$451.9bUS$150.2bUS$10.0b27.1x45.2x3x
Tue, 02 Apr 2024US$463.8bUS$149.2bUS$9.5b28x48.6x3.1x
Thu, 29 Feb 2024US$439.4bUS$149.9bUS$9.4b27.2x46.7x2.9x
Sat, 27 Jan 2024US$413.6bUS$150.5bUS$9.8b25.8x42.2x2.7x
Mon, 25 Dec 2023US$410.6bUS$150.2bUS$9.8b27.4x42x2.7x
Wed, 22 Nov 2023US$389.5bUS$150.0bUS$9.6b25.8x40.5x2.6x
Fri, 20 Oct 2023US$363.3bUS$147.8bUS$10.2b24.9x35.6x2.5x
Sun, 17 Sep 2023US$356.2bUS$140.0bUS$9.2b27.5x38.8x2.5x
Tue, 15 Aug 2023US$357.0bUS$139.7bUS$9.1b24.8x39.1x2.6x
Thu, 13 Jul 2023US$362.3bUS$136.8bUS$9.0b26.8x40.4x2.6x
Sat, 10 Jun 2023US$350.8bUS$136.8bUS$7.1b27.2x49.4x2.6x
Mon, 08 May 2023US$344.3bUS$136.3bUS$7.3b23.3x46.9x2.5x
Wed, 05 Apr 2023US$333.2bUS$134.6bUS$7.6b23.8x43.6x2.5x
Fri, 03 Mar 2023US$318.2bUS$132.9bUS$8.3b23.3x38.3x2.4x
Sun, 29 Jan 2023US$317.0bUS$131.5bUS$7.7b22.5x41.3x2.4x
Tue, 27 Dec 2022US$315.8bUS$131.4bUS$7.6b20x41.3x2.4x
Thu, 24 Nov 2022US$329.0bUS$130.6bUS$7.6b19.5x43.5x2.5x
Price to Earnings Ratio

43.5x


Total Market Cap: US$329.0bTotal Earnings: US$7.6bTotal Revenue: US$130.6bTotal 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 36.0x 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 18% 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-0.39%
Industrials-1.57%
Commercial Services1.68%
Environmental and Facilities Services2.11%
Diversified Support Services1.25%
Commercial Printing0.015%
Security and Alarm Services-0.18%
Office Services and Supplies-0.63%
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 15.6%, which is higher than its past year's earnings decline of 16.2% 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 37% 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
WM Waste ManagementUS$209.174.3%
+US$3.5b		-4.2%PE32.9x
RSG Republic ServicesUS$209.802.8%
+US$1.8b		0.3%PE30.8x
TTEK Tetra TechUS$36.2112.9%
+US$1.0b		-11.9%PE43.8x
WCN Waste ConnectionsUS$168.631.6%
+US$688.6m		-9.3%PE69.4x
CTAS CintasUS$186.720.8%
+US$590.7m		-13.6%PE40.7x

Latest News

WM
US$209.17
Waste Management
7D
4.3%
1Y
-4.2%
BTM
US$2.04
Bitcoin Depot
7D
-24.7%
1Y
5.7%
TTEK
US$36.21
Tetra Tech
7D
12.9%
1Y
-11.9%
CLH
US$205.85
Clean Harbors
7D
-0.6%
1Y
-15.5%

CLH: Expanded Share Buyback and PFAS Leadership Will Drive Stronger Market Position

Analysts have slightly reduced their price target for Clean Harbors from $256.60 to $255.60. This change reflects minor adjustments in projected growth rates and profitability assumptions.
CPRT
US$41.08
Copart
7D
-0.8%
1Y
-27.5%
PESI
US$12.52
Perma-Fix Environmental Services
7D
-16.3%
1Y
-3.5%
ROL
US$58.22
Rollins
7D
-0.6%
1Y
16.3%
RBA
US$101.57
RB Global
7D
0.8%
1Y
7.9%
UNF
US$161.20
UniFirst
7D
5.4%
1Y
-17.5%

UNF: Future Performance Will Reflect Dividend Increase and Stable Outlook

Narrative Update on UniFirst Analysts have maintained their price target for UniFirst at $165.50, citing minimal changes in discount rate and other valuation inputs. These factors support a consistent outlook for the company.
BCO
US$111.35
Brink's
7D
-2.1%
1Y
22.0%

BCO: Profit Margins Will Drive Share Upside Amid Updated Revenue Outlook

Analysts have raised their fair value estimate for Brink's from $128.50 to $133.50. This change reflects updated expectations for improved profitability along with modest adjustments in growth and risk projections.
RSG
US$209.80
Republic Services
7D
2.8%
1Y
0.3%

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.
WCN
US$168.63
Waste Connections
7D
1.6%
1Y
-9.3%

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.
BRC
US$74.88
Brady
7D
-1.1%
1Y
6.8%
MSA
US$156.29
MSA Safety
7D
-2.6%
1Y
-7.7%

MSA: Backlog Conversion And Acquisitions Will Drive Upside Amid Margin Caution

Analysts have slightly lowered their fair value estimate for MSA Safety to $187.40, down from $191.80. They cite recent results that were above expectations due to backlog conversion and acquisitions.
VLTO
US$98.78
Veralto
7D
0.5%
1Y
-3.9%
CTAS
US$186.72
Cintas
7D
0.8%
1Y
-13.6%