ABM Industries Inc ABM

IndustrialsProfessional & Commercial ServicesUnited States of America

Last close 54.00 USD on Nov 2, 2026, +31.1% year to date

Quant rating

Quant rating A Rank 65 of 486 in Industrials

Growth C 199 of 486
Valuation A 71 of 486
Quality C 209 of 486
Revisions B 178 of 486
Momentum A 61 of 486

Wall Street consensus Hold (2.56)Average target 55.38 USD +2.5%

Historical valuation

Multiples use consensus estimates for the next twelve months. The dashed line is the 5-year average.

Key data

Market cap: 3.2B
Enterprise value: 4.8B
52-week range: 37.00 – 54.63
3-year range: 37.00 – 58.61
Dividend yield: 2.17%
Beta (5 years): 0.66
Shares outstanding: 58.6M
Next earnings: Dec 15, 2026

About the company

ABM Industries Incorporated is a provider of integrated facility, engineering, and infrastructure solutions. The Company’s segments include Business & Industry (B&I), Manufacturing & Distribution (M&D), Education, Aviation, and Technical Solutions. The B&I segment encompasses janitorial, facilities engineering, and parking services for commercial real estate properties, sports and entertainment venues, and other facilities. The M&D segment provides integrated facility services, engineering, janitorial, and other specialized services. The Education segment delivers janitorial, custodial, landscaping and grounds, facilities engineering, and parking services. The Aviation segment supports airlines and airports with services ranging from parking and janitorial to passenger assistance, catering logistics, air cabin maintenance, and transportation. The Technical Solutions segment specializes in facility infrastructure, mechanical and electrical services.

Growth and profitability fiscal year ends October 31

Growth and profitability by fiscal year
	2025	2024	2023	2022	2021	5Y avg
Revenue (mil)	8,746	8,359	8,096	7,807	6,229	–
Revenue growth	4.6%	3.2%	3.7%	25.3%	4.0%	7.9%
EPS (basic, normalized)	3.44	3.57	3.50	3.66	3.58	–
EPS growth	−3.6%	2.0%	−4.4%	2.2%	–	–
Gross margin	13.4%	13.4%	14.0%	14.2%	16.5%	14.3%
Net margin	1.9%	1.0%	3.1%	3.0%	2.0%	2.2%
ROE	9.1%	4.5%	14.3%	13.9%	8.1%	10.0%

Balance sheet, last quarter
Cash & short-term investments (mil)	110
Current ratio	1.42x
Long-term debt (mil)	1,732
Net debt (mil)	1,664
Total equity (mil)	1,790
Net debt / equity	0.93x
Net debt / EBITDA	3.35x

Estimates and valuation

Consensus estimates and implied multiples
	Sales (mil)			EBITDA (mil)			EPS
Fiscal year	Mean est.	Growth	EV/Sales	Mean est.	Growth	EV/EBITDA	Mean est.	Growth	P/E
2025 actual	8,746	+4.6%	0.6x	497	+0.4%	9.7x	3.44	−3.6%	15.7x
2026	9,222	+5.4%	0.5x	551	+10.9%	8.8x	4.01	+16.5%	13.5x
2027	9,543	+3.5%	0.5x	589	+7.0%	8.2x	4.35	+8.6%	12.4x
2028	9,800	+2.7%	0.5x	609	+3.4%	7.9x	4.60	+5.7%	11.7x

Estimate revisions

Change in consensus estimates over 1, 3 and 6 months
	Sales				EPS
Fiscal year	Estimate (mil)	1M	3M	6M	Estimate	1M	3M	6M
2026	9,222	0.0%	+0.1%	+0.5%	4.01	0.0%	+0.7%	+1.2%
2027	9,543	0.0%	+0.3%	+0.5%	4.35	0.0%	−0.1%	+0.5%
2028	9,800	0.0%	−0.3%	0.0%	4.60	0.0%	+1.4%	−0.2%

Earnings surprises EPS beat in 2 of the last 4 quarters

Reported results versus consensus, last 10 fiscal quarters
Quarter ended	Apr 2024	Jul 2024	Oct 2024	Jan 2025	Apr 2025	Jul 2025	Oct 2025	Jan 2026	Apr 2026	Jul 2026
Sales reported (mil)	2,018	2,094	2,177	2,115	2,112	2,224	2,295	2,244	2,290	2,317
Sales mean (mil)	1,999	2,037	2,079	2,093	2,061	2,150	2,272	2,193	2,214	2,310
Surprise	+0.9%	+2.8%	+4.7%	+1.1%	+2.5%	+3.5%	+1.0%	+2.3%	+3.4%	+0.3%
EPS reported	0.87	0.94	0.90	0.87	0.86	0.82	0.88	0.83	0.90	1.04
EPS mean	0.79	0.86	0.87	0.78	0.86	0.95	1.09	0.87	0.87	1.01
Surprise	+9.6%	+9.1%	+3.2%	+11.5%	−0.2%	−13.6%	−19.0%	−4.9%	+2.9%	+2.5%

Peer comparison Professional & Commercial Services

Peers in the same industry group, by market capitalization
Company	Market cap	Net debt/EBITDA	Net margin	P/B	FY1 P/E	FY2 P/E	FY1 EV/EBITDA	FY2 EV/EBITDA
ABM ABM Industries Inc	3.2B	3.35x	1.9%	1.77x	13.5x	12.4x	8.8x	8.2x
SPGI S&P Global Inc.	137.8B	2.06x	29.2%	6.99x	26.6x	23.6x	19.2x	18.1x
CTAS Cintas Corporation	89.3B	0.70x	17.7%	17.25x	40.6x	36.4x	26.8x	24.5x
MCO Moody's Corporation	87.2B	1.38x	31.9%	26.70x	30.2x	27.2x	21.1x	19.5x
RSG Republic Services Inc	74.9B	2.63x	12.9%	6.13x	33.8x	30.7x	16.0x	15.0x
MSCI MSCI Inc.	45.6B	3.39x	38.4%	−15.15x	32.4x	28.5x	24.1x	21.9x
Mean		2.25x	22.0%	7.28x	29.5x	26.5x	19.3x	17.9x
Median		2.35x	23.4%	6.56x	31.3x	27.8x	20.2x	18.8x

Technical analysis

1M+10.3%
3M+13.4%
1Y+29.0%
3Y+44.1%

Financial statements in millions of USD

Income statement in millions of USD, fiscal years

Income statement, ABM Industries Inc, fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Total revenue	8,746	8,359	8,096	7,807	6,229	5,988
Cost of revenue	7,578	7,240	6,965	6,696	5,204	5,086
Gross profit	1,168	1,120	1,132	1,111	1,025	902
Selling, general & administrative expenses	786	847	643	696	771	574
Research & development	–	–	–	–	–	–
Depreciation/amortization	57.4	60.7	78.9	73.8	47.5	51.9
Interest expense (income), operating	–	–	–	–	–	–
Unusual expense (income)	13.4	–	–	−7.6	0	180
Other operating expenses	0.1	0.1	0	−0.1	−0.1	0
Operating income	312	212	410	349	206	95.7
Net interest income (expense)	−91.8	−78.5	−78.4	−38.7	−26.5	−42.4
Gain (loss) on sale of assets	–	–	–	–	–	–
Other non-operating income (expense)	0	0.1	0	−0.1	0	0
Net income before taxes	220	134	331	310	180	53.3
Provision for taxes	57.6	52.2	79.7	79.6	53.5	53.1
Minority interest	–	–	–	–	–	–
Equity in affiliates	–	–	–	–	–	–
U.S. GAAP adjustment	–	–	–	–	–	–
Net income before extraordinary items	162	81.4	251	230	126	0.2
Extraordinary items	–	–	–	0	0	0.1
Net income	162	81.4	251	230	126	0.3
EBIT, normalized	325	212	410	341	206	276
EBITDA, normalized	431	319	530	455	296	372
Basic EPS, normalized	3.44	3.57	3.50	3.66	3.58	–

Balance sheet in millions of USD, fiscal years

Balance sheet, ABM Industries Inc, fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Assets
Cash & short-term investments	104	64.6	69.5	73.0	62.8	394
Receivables	1,665	1,546	1,504	1,354	1,190	906
Total inventory	–	–	–	–	–	–
Prepaid expenses	91.2	103	78.5	82.1	88.7	85.4
Other current assets	78.6	74.7	58.5	51.6	60.1	55.9
Total current assets	1,939	1,789	1,711	1,561	1,401	1,442
Property, plant & equipment	272	252	245	241	238	277
Goodwill	2,591	2,576	2,491	2,486	2,229	1,671
Intangibles	243	282	303	378	425	240
Long-term investments	48.6	30.8	28.8	14.5	11.8	11.1
Note receivable	–	–	–	–	–	–
Other long-term assets	176	168	155	188	131	136
Total assets	5,270	5,097	4,934	4,869	4,436	3,777
Liabilities
Accounts payable	401	324	299	316	289	273
Payable/accrued	–	–	–	–	–	–
Accrued expenses	443	604	458	596	723	397
Short-term debt	0	0	0	0	0	0
Current portion of long-term debt	33.3	36.1	34.6	184	31.8	119
Other current liabilities	428	384	426	258	241	198
Total current liabilities	1,306	1,348	1,218	1,353	1,286	987
Long-term debt	1,548	1,317	1,291	1,093	855	606
Minority interest	–	–	–	–	–	–
Other liabilities	630	650	625	706	686	684
Total liabilities	3,484	3,315	3,134	3,152	2,827	2,277
Shareholders' equity
Preferred stock	0	0	0	0	0	0
Common stock	0.6	0.6	0.6	0.7	0.7	0.7
Additional paid-in capital	437	527	559	676	751	724
Retained earnings (accumulated deficit)	1,368	1,273	1,250	1,057	880	806
Treasury stock	–	–	–	–	–	–
Other equity	−20.5	−19.0	−9.2	−16.2	−22.6	−30.9
Total equity	1,786	1,782	1,800	1,717	1,609	1,500
Total liabilities & shareholders' equity	5,270	5,097	4,934	4,869	4,436	3,777

Cash flow statement in millions of USD, fiscal years

Cash flow statement, ABM Industries Inc, fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Operating activities
Net income	162	81.4	251	230	126	0.2
Depreciation, depletion & amortization	106	107	121	112	89.9	96.4
Deferred taxes	−21.9	−24.7	−4.9	67.7	−48.0	−36.6
Non-cash items	48.5	133	−13.8	16.8	36.9	224
Changes in working capital	−60.2	−69.2	−110	−407	109	173
Cash from operations	234	227	243	20.4	314	458
Investing activities
Capital expenditures	−79.3	−59.4	−65.0	−52.9	−34.3	−38.0
Other investing cash flows	−36.3	−112	2.9	−189	−706	10.5
Cash from investing	−116	−172	−62.1	−242	−740	−27.5
Financing activities
Financing cash flow items	−67.1	0.1	0.6	9.9	8.7	6.5
Cash dividends paid	−65.6	−56.5	−57.5	−51.9	−51.0	−49.3
Issuance (retirement) of debt, net	–	–	–	–	–	–
Other financing cash flows	52.5	−5.1	−129	278	135	−51.3
Cash from financing	−80.2	−61.5	−186	236	92.4	−94.1
Foreign exchange effects	0.9	1.8	1.6	−4.2	1.9	−0.2
Net change in cash	39.5	−4.9	−3.5	10.2	−331	336
Free cash flow	155	167	178	−32.5	280	420

Disclaimer

The financial data presented in this report is delayed and obtained from sources QDD Research believes to be reliable, including stock exchanges, SEDAR, and EDGAR. However, no representation or warranty is made as to the accuracy, completeness, or timeliness of the information. QDD Research accepts no liability for any errors, omissions, or financial losses arising from the use of this data.

This report is generated using a fully systematic and quantitative approach. All factor scores and the overall quant rating (ranging from D to A+) are derived from algorithmic models and are based solely on objective financial metrics. These scores are intended for informational purposes only and should not be interpreted as investment advice or a recommendation to buy, sell, or hold any securities.

QDD Research is not a registered investment advisor or broker-dealer and does not provide personalized financial advice. The content is not tailored to the specific investment goals, financial situation, or risk profile of any individual investor. We strongly encourage readers to consult with a licensed broker or investment advisor before making any investment decisions based on the information contained in this report.

Live quote provided by TradingView. Report data updated Nov 2, 2026 after market close.