# ABM Industries Incorporated (ABM)

> Source: Nexqual · https://nexqual.com/ABM · data as of 2026-10-22 20:00 UTC · cite as "Nexqual, ABM Industries Incorporated (ABM), nexqual.com/ABM" · informational, not investment advice.

**Price:** USD 53.88 (+3.06% on the day) · last close of Oct 22, 2026; US market pre market, not a live price. Prev close 52.28 · day 52.61–54.13 · 52w 36.96–54.13 · market cap $3.16B · NYQ

## Key facts
- Last four reported quarters (through Jul 31, 2026): revenue $9.15B, net income $166M (1.8% margin), free cash flow $312M (SEC filings).
- Valuation: P/E 19.0x (avg 22.8x at the last 3 fiscal year-ends), EV/EBITDA 11.1x, net debt $1.66B.
- 5 of 80 tracked superinvestors hold ABM (13F, Q2 2026): 0 new, 4 added, 1 reduced, 0 unchanged.
- Insider open-market sales, last ~7 months: 3 Form 4 filings, $2.6M; 1 not under a Rule 10b5-1 plan ($179K); 2 by opportunistic insiders (1 outside 10b5-1 plans), 0 by routine insiders (three-year test, Cohen, Malloy & Pomorski 2012).
- Analysts: Hold (mean 2.50 on a 1–5 scale) (8 analysts), mean target USD 55.93 (range 49–68).
- Total return with dividends: 1Y +21.6% vs S&P 500 +14.9%; 5Y +34.6% vs S&P 500 +80.3%.
- Next earnings: 2026-09-08, EPS estimate USD 1.25, revenue estimate $2.37B.

## Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $6.23B | $7.81B | $8.10B | $8.36B | $8.75B | $9.15B |
| Gross profit | $970M | $1.05B | $1.06B | $1.03B | $1.08B | — |
| Operating income | $206M | $349M | $410M | $212M | $312M | $322M |
| Net income | $126M | $230M | $251M | $81.4M | $162M | $166M |
| EPS (diluted) | $1.86 | $3.41 | $3.79 | $1.28 | $2.59 | — |
| Free cash flow | $280M | -$30.4M | $191M | $167M | $155M | $312M |
| Gross margin | 15.6% | 13.4% | 13.1% | 12.4% | 12.3% | — |
| Operating margin | 3.3% | 4.5% | 5.1% | 2.5% | 3.6% | 3.5% |
| Net margin | 2.0% | 3.0% | 3.1% | 1.0% | 1.9% | 1.8% |
| Revenue growth | +4.0% | +25.3% | +3.7% | +3.2% | +4.6% | — |
| Cash + short-term investments | $62.8M | $73.0M | $69.5M | $64.6M | $104M | — |
| Total debt | $884M | $1.27B | $1.31B | $1.33B | $1.57B | — |
Fiscal years end Oct. EPS is split-adjusted.

## Valuation (price ÷ last four quarters, through Jul 31, 2026)
P/E 19.0x · P/S 0.3x · EV/EBITDA 11.1x · EV/Sales 0.5x · P/FCF 10.1x · P/B 1.8x · FCF yield 9.89% · Earnings yield 5.27% · Dividend yield (paid, TTM) 2.13% · Buyback yield (TTM) 5.33% · Net debt $1.66B · EV $4.82B
P/E at fiscal year-ends: Oct 2025 16.6x, Oct 2024 41.5x, Oct 2023 10.4x.

## Superinvestors (SEC 13F-HR, Q2 2026)
5 of 80 tracked investors hold ABM. Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| Alex Roepers | Atlantic Investment Management | 7.10% | $13.6M | Added +40.1% |
| Vulcan Value Partners |  | 0.60% | $19.8M | Reduced -28.8% |
| Richard Pzena | Pzena Investment Management | 0.23% | $80.0M | Added +18.7% |
| Bill Nygren | Oakmark Funds | 0.17% | $129M | Added +1.1% |
| First Eagle Investment | First Eagle Investment Management | 0.03% | $17.7M | Added +36.6% |

## Insider sales (SEC Form 4, open-market, last ~7 months)
2 of 3 under a Rule 10b5-1 trading plan (scheduled in advance). Unplanned sales were timed by the insider.
| Trade date | Insider | Role | Shares | Value | % of holdings sold | 10b5-1 plan | Insider type |
|---|---|---|---|---|---|---|---|
| 2026-07-16 | Valentin Raul Javier | EVP and CHRO | 1,639 | $79K | 3.2% | Yes | Too little history (no open-market trades in 2023–2025) |
| 2026-07-13 | Chin Dean A | SVP - Chief Accounting Officer | 3,958 | $179K | 18.9% | No | Opportunistic (traded every year 2023–2025, no repeating month) |
| 2026-06-12 | Salmirs Scott B | President and CEO | 50,000 | $2.3M | 11.2% | Yes | Opportunistic (traded every year 2023–2025, no repeating month) |
% of holdings sold = shares sold ÷ (shares sold + all holdings the insider reported on that Form 4, direct and through trusts).
Insider type follows Cohen, Malloy & Pomorski (Journal of Finance, 2012). An insider who traded the stock in the same calendar month in each of the past three years is a routine trader; one who traded in each of those years without such a pattern is an opportunistic trader. In their study, trades by opportunistic insiders predicted future returns and trades by routine insiders did not. Counts open-market purchases and sales only (SEC Form 4 codes P and S) by that insider in that company. Not investment advice.

## Analysts
Consensus Hold (mean 2.50 on a 1–5 scale), 8 analysts; mean target USD 55.93 (low 49, high 68).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-09-14 | Truist Securities | Target raised | Hold | $45 → $49 |
| 2026-09-09 | UBS | Target raised | Neutral | $45 → $51.5 |
| 2026-09-09 | Baird | Target raised | Neutral | $48 → $53 |
| 2026-09-09 | Freedom Capital Markets | Target raised | Buy | $55 → $58 |
| 2026-09-08 | Freedom Capital Markets | Maintained | Buy | $55 |

## Total return (dividends reinvested)
|  | 1Y (from 2025-10-23) | 5Y (from 2021-10-18) |
|---|---|---|
| Total return | +21.6% | +34.6% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | +21.7% | +6.1% |
| Volatility (annualized) | 28.6% | 30.9% |
| Max drawdown | -22.0% (Dec 2025→Mar 2026) | -33.4% (Nov 2024→Mar 2026) |

## Peers (Specialty Business Services)
CBZ (CBIZ, Inc.) USD 54.89 +0.07% · MMS (Maximus, Inc.) USD 63.38 +2.11% · FA (First Advantage Corporation) USD 21.22 +7.93% · AZZ (AZZ Inc.) USD 133.39 -3.75% · TIC (TIC Solutions, Inc.) USD 9.55 +3.92% · CMPR (Cimpress PLC) USD 82.27 +1.36%

## More
Full page: https://nexqual.com/ABM · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt

## Revenue by business segment (quarter ended 2026-07-31)

| Line | Revenue | Share | YoY | Operating income | Op. margin |
|---|---|---|---|---|---|
| B&I | $1.01B | 43.7% | -2.6% | $75.0M | 7.4% |
| Manufacturing And Distribution | $481.0M | 20.8% | +17.6% | $40.5M | 8.4% |
| Aviation | $328.1M | 14.2% | +12.4% | $18.4M | 5.6% |
| Technical Solutions | $259.9M | 11.2% | +4.2% | $21.5M | 8.3% |
| Education | $235.8M | 10.2% | +0.3% | $23.0M | 9.8% |
| Corporate costs (not allocated) | — | — | — | -$85.4M | — |
| Total revenue | $2.32B | 100% | — | $91.5M | 3.9% |

## Revenue by product line (quarter ended 2026-07-31)

| Line | Revenue | Share | YoY |
|---|---|---|---|
| Facility Solutions | $805.3M | 34.8% | -2.6% |
| Janitorial | $698.4M | 30.1% | -2.4% |
| Engineering and Infrastructure Solutions | $207.0M | 8.9% | -2.2% |
| Operations and Maintenance | $205.7M | 8.9% | -2.3% |
| Parking and Transportation | $106.9M | 4.6% | -4.2% |
| Management Reimbursement Revenue | $90.3M | 3.9% | +1.8% |
| Building & Energy Solutions | $1.3M | 0.1% | +8.3% |
| Total revenue | $2.32B | 100% | — |
The lines above cover 91.3% of total revenue.

## Revenue by region (fiscal year ended 2025-10-31)

| Line | Revenue | Share | YoY |
|---|---|---|---|
| United States | $8.03B | 91.8% | +3.4% |
| Non Us | $720.5M | 8.2% | +20.4% |
| Total revenue | $8.75B | 100% | — |

## Analyst estimates and revisions

| Period | EPS est. | 90d ago | Change | Revenue est. | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends 2026-10-31) | $1.25 | $1.23 | +1.0% | $2.37B | 8 |
| Next quarter (ends 2027-01-31) | $0.90 | $0.91 | -1.1% | $2.31B | 6 |
| Current fiscal year (ends 2026-10-31) | $4.01 | $3.99 | +0.4% | $9.22B | 8 |
| Next fiscal year (ends 2027-10-31) | $4.35 | $4.34 | +0.3% | $9.54B | 8 |

## Options: expected move (Cboe, 15-min delayed)

| Expiration | Days | ATM IV | Expected move |
|---|---|---|---|
| 2026-11-20 | 28 | 30.2% | ±7.1% |
| 2026-12-18 | 56 | 32.4% | ±10.4% |
| 2027-01-15 | 84 | 31.4% | ±12.4% |
| 2027-03-19 | 147 | 33.0% | ±16.8% |
| 2027-04-16 | 175 | 33.2% | ±18.4% |
| 2027-06-17 | 237 | 32.0% | ±20.4% |
| 2027-09-17 | 329 | 31.5% | ±23.4% |