A Business at a Glance
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ABM INDUSTRIES INC /DE/
ABM
$3.0B
Mkt Cap
$47.72
+0.80%
ABM INDUSTRIES INC /DE/ (ABM) has a current P/E ratio of 18.4, compared to its historical median P/E of 17.7. The stock is currently considered Fair based on its historical valuation range.
ABM INDUSTRIES INC /DE/ (ABM) has a 5-year average return on invested capital (ROIC) of 7.8%. This is below average and may indicate limited pricing power.
ABM INDUSTRIES INC /DE/ (ABM) has a market capitalization of $2.8B. It is classified as a mid-cap stock.
Yes, ABM INDUSTRIES INC /DE/ (ABM) pays a dividend with a trailing twelve-month yield of 2.38%. The company also returns capital through share buybacks, with a buyback yield of 6.89%.
Based on historical P/E analysis, ABM INDUSTRIES INC /DE/ (ABM) appears fair. The current P/E of 18.4 is 4% above its historical median of 17.7. The estimated fair value CAGR (P/E method) is 21.4%.
ABM INDUSTRIES INC /DE/ (ABM) operates in the Services-To Dwellings & Other Buildings industry, within the Industrials sector.
ABM INDUSTRIES INC /DE/ (ABM) reported annual revenue of $8.7 billion in its most recent fiscal year, based on SEC EDGAR filings.
ITEM 1. BUSINESS. ABM Industries Incorporated, which operates through its subsidiaries (collectively referred to as “ABM,” “we,” “us,” “our,” or the “Company”), is a leading provider of facility maintenance, engineering and infrastructure solutions with a mission to make a difference, every person, every day. Our history dates back to 1909, when American Building Maintenance Company began as a window washing company in San Francisco with one employee. In 1985, we were incorporated in Delaware under the name American Building Maintenance Industries, Inc., as the successor to the business originally founded in 1909. In 1994, we changed our name to ABM Industries Incorporated. Since that time, we have grown into a multi-segment facility solutions company, primarily through strategic acquisitions and new service offerings, increasing our revenue to more than $8.5 billion.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 8.9B | 8.7B | 8.4B | 8.1B | 7.8B | 6.2B |
| Net Income | 158M | 162M | 81M | 251M | 230M | 126M |
| EPS | $2.60 | $2.59 | $1.28 | $3.79 | $3.41 | $1.86 |
| Free Cash Flow | 327M | 155M | 167M | 191M | -30M | 280M |
| ROIC | 5.2% | 7.3% | 4.3% | 10.8% | 9.8% | 7.0% |
| Gross Margin | - | 12.3% | 12.4% | 13.1% | 13.4% | 15.6% |
| Debt/Equity | 1.56 | 0.88 | 0.75 | 0.73 | 0.74 | 0.55 |
| Dividends/Share | $1.13 | $1.06 | $0.90 | $0.88 | $0.78 | $0.76 |
| Operating Income | 309M | 312M | 212M | 410M | 349M | 206M |
| Operating Margin | 3.5% | 3.6% | 2.5% | 5.1% | 4.5% | 3.3% |
| ROE | 9.1% | 9.1% | 4.5% | 14.3% | 13.9% | 8.1% |
| Shares Outstanding | 59M | 63M | 64M | 66M | 68M | 68M |
| Metric | 2014 | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | 4.6B | 4.9B | 5.1B | 5.5B | 6.4B | 6.5B | 6.0B | 6.2B | 7.8B | 8.1B | 8.4B | 8.7B | 8.9B |
| Gross Margin | 10.5% | 10.3% | 10.5% | 10.5% | 10.8% | 11.3% | 13.9% | 15.6% | 13.4% | 13.1% | 12.4% | 12.3% | N/A |
| R&D | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A | 348M | 395M | 410M | 437M | 438M | 453M | 506M | 719M | 628M | 573M | 765M | 697M | 698M |
| EBIT | 115M | 74M | 55M | 102M | 139M | 208M | 96M | 206M | 349M | 410M | 212M | 312M | 309M |
| Op. Margin | 2.5% | 1.5% | 1.1% | 1.9% | 2.2% | 3.2% | 1.6% | 3.3% | 4.5% | 5.1% | 2.5% | 3.6% | 3.5% |
| Net Income | 76M | 76M | 57M | 3.8M | 98M | 127M | N/A | 126M | 230M | 251M | 81M | 162M | 158M |
| Net Margin | 1.6% | 1.6% | 1.1% | 0.1% | 1.5% | 2.0% | N/A | 2.0% | 3.0% | 3.1% | 1.0% | 1.9% | 1.8% |
| Non-Recurring | 1.2M | 13M | 35M | 24M | 46M | 12M | 169M | -200K | 800K | 100K | 600K | 14M | 14M |
| Returns on Capital | |||||||||||||
| ROIC | 5.0% | 3.9% | 4.0% | 4.6% | 5.7% | 7.2% | N/A | 7.0% | 9.8% | 10.8% | 4.3% | 7.3% | 5.2% |
| ROE | 8.0% | 7.7% | 5.8% | 0.3% | 6.9% | 8.5% | N/A | 8.1% | 13.9% | 14.3% | 4.5% | 9.1% | 9.1% |
| ROA | 3.5% | 3.5% | 2.6% | 0.1% | 2.6% | 3.5% | N/A | 3.1% | 5.0% | 5.1% | 1.6% | 3.1% | 3.0% |
| Cash Flow | |||||||||||||
| Op. Cash Flow | 121M | 146M | 84M | 5.6M | 321M | 263M | 458M | 314M | 20M | 243M | 227M | 234M | 403M |
| Free Cash Flow | 84M | 120M | 40M | -52M | 270M | 203M | 420M | 280M | -30M | 191M | 167M | 155M | 327M |
| Owner Earnings | -32M | -16M | -94M | -144M | 191M | 138M | 341M | 191M | -123M | 92M | 90M | 91M | 258M |
| CapEx | 37M | 27M | 44M | 57M | 51M | 60M | 38M | 34M | 51M | 53M | 59M | 79M | 76M |
| Maint. CapEx | 137M | 149M | 163M | 136M | 113M | 107M | 96M | 90M | 112M | 121M | 107M | 106M | 105M |
| Growth CapEx | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| D&A | 137M | 149M | 163M | 136M | 113M | 107M | 96M | 90M | 112M | 121M | 107M | 106M | 105M |
| CapEx/OCF | 31.0% | 18.1% | 52.7% | 1021.4% | 15.9% | 22.7% | 8.3% | 10.9% | 249.0% | 21.6% | 26.2% | 33.8% | 18.8% |
| Capital Allocation | |||||||||||||
| Dividends Paid | 35M | 36M | 37M | 40M | 46M | 48M | 49M | 51M | 52M | 58M | 57M | 66M | 67M |
| Dividend Yield | 2.8% | 2.6% | 2.4% | 2.1% | 2.4% | 2.3% | 2.4% | 1.8% | 1.9% | 2.1% | 2.0% | 2.1% | 2.4% |
| Share Buybacks | 20M | 31M | 47M | 7.9M | 0 | 0 | 5.1M | 0 | 98M | 138M | 56M | 122M | 193M |
| Buyback Yield | 1.6% | 2.3% | 2.6% | 0.4% | N/A | N/A | 0.2% | N/A | 3.4% | 5.6% | 1.7% | 4.3% | 6.9% |
| Stock-Based Comp | 16M | 14M | 14M | 13M | 17M | 18M | 20M | 34M | 31M | 31M | 30M | 38M | 39M |
| Debt Repayment | 1.1B | 1.1B | 942M | 957M | 1.4B | 1.9B | 1.1B | 194M | 1.1B | 1.1B | 1.3B | 1.6B | 1.6B |
| Balance Sheet | |||||||||||||
| Net Debt | 603M | 261M | 483M | 1.1B | 900M | 743M | 326M | 821M | 1.2B | 1.2B | 1.3B | 1.5B | 2.6B |
| Cash & Equiv. | 37M | 56M | 54M | 63M | 39M | 59M | 394M | 63M | 73M | 70M | 65M | 104M | 100M |
| Long-Term Debt | 320M | 158M | 268M | 1.2B | 902M | 744M | 603M | 853M | 1.1B | 1.3B | 1.3B | 1.5B | 1.6B |
| Debt/Equity | 0.66 | 0.31 | 0.55 | 0.86 | 0.65 | 0.52 | 0.48 | 0.55 | 0.74 | 0.73 | 0.75 | 0.88 | 1.56 |
| Interest Coverage | 10.7 | 7.2 | 5.3 | 5.3 | 2.6 | 4.1 | 2.1 | 7.2 | 8.5 | 5.0 | 2.5 | 3.2 | 147.0 |
| Equity | 969M | 1.0B | 974M | 1.4B | 1.5B | 1.5B | 1.5B | 1.6B | 1.7B | 1.8B | 1.8B | 1.8B | 1.7B |
| Total Assets | 2.2B | 2.1B | 2.3B | 3.8B | 3.6B | 3.7B | 3.8B | 4.4B | 4.9B | 4.9B | 5.1B | 5.3B | 5.3B |
| Total Liabilities | 1.2B | 1.1B | 1.3B | 2.4B | 2.2B | 2.2B | 2.3B | 2.8B | 3.2B | 3.1B | 3.3B | 3.5B | 3.6B |
| Intangibles | 129M | 111M | 104M | 430M | 356M | 297M | 240M | 425M | 379M | 303M | 282M | 243M | 232M |
| Retained Earnings | 697M | 737M | 756M | 720M | 771M | 856M | 806M | 880M | 1.1B | 1.2B | 1.3B | 1.4B | 1.4B |
| Working Capital | 401M | 326M | 395M | 478M | 379M | 373M | 455M | 115M | 208M | 493M | 440M | 633M | 653M |
| Current Assets | 927M | 894M | 991M | 1.2B | 1.2B | 1.3B | 1.4B | 1.4B | 1.6B | 1.7B | 1.8B | 1.9B | 2.0B |
| Current Liabilities | 526M | 568M | 597M | 758M | 793M | 902M | 987M | 1.3B | 1.4B | 1.2B | 1.3B | 1.3B | 1.3B |
| Per Share Data | |||||||||||||
| EPS | 1.32 | 1.33 | 1.01 | 0.07 | 1.47 | 1.90 | 0.00 | 1.86 | 3.41 | 3.79 | 1.28 | 2.59 | 2.60 |
| Owner EPS | -0.55 | -0.29 | -1.66 | -2.65 | 2.88 | 2.06 | 5.10 | 2.81 | -1.81 | 1.39 | 1.42 | 1.45 | 4.40 |
| Book Value | 16.92 | 17.56 | 17.20 | 25.34 | 21.86 | 23.00 | 22.47 | 23.70 | 25.42 | 27.15 | 28.02 | 28.48 | 29.43 |
| Cash Flow/Share | 2.12 | 2.55 | 1.47 | 0.10 | 4.82 | 3.92 | 6.85 | 4.63 | 0.30 | 3.67 | 3.56 | 3.74 | 4.49 |
| Dividends/Share | 0.62 | 0.64 | 0.66 | 0.68 | 0.70 | 0.72 | 0.74 | 0.76 | 0.78 | 0.88 | 0.90 | 1.06 | 1.13 |
| Shares Out. | 57.3M | 57.4M | 56.6M | 54.3M | 66.5M | 67.1M | 66.8M | 67.9M | 67.6M | 66.3M | 63.6M | 62.7M | 58.6M |
| Valuation | |||||||||||||
| P/E Ratio | 16.4 | 17.7 | 31.8 | 511.2 | 17.9 | 17.5 | N/A | 21.6 | 12.3 | 9.9 | 40.8 | 17.4 | 18.4 |
| P/FCF | 14.8 | 11.3 | 46.1 | N/A | 6.5 | 11.0 | 5.1 | 9.7 | N/A | 13.0 | 19.8 | 18.2 | 8.6 |
| EV/EBIT | 15.7 | 19.0 | 36.2 | 29.6 | 19.1 | 14.3 | 22.8 | 17.1 | 11.8 | 9.0 | 21.5 | 13.5 | 17.4 |
| Price/Book | 1.3 | 1.3 | 1.9 | 1.4 | 1.2 | 1.4 | 1.4 | 1.7 | 1.6 | 1.4 | 1.9 | 1.6 | 1.6 |
| Price/Sales | 0.3 | 0.3 | 0.3 | 0.4 | 0.3 | 0.3 | 0.4 | 0.4 | 0.4 | 0.3 | 0.3 | 0.4 | 0.3 |
| FCF Yield | 6.8% | 8.9% | 2.2% | -2.7% | 15.4% | 9.1% | 19.6% | 10.3% | -1.1% | 7.7% | 5.0% | 5.5% | 11.7% |
| Market Cap | 1.2B | 1.4B | 1.8B | 1.9B | 1.8B | 2.2B | 2.1B | 2.7B | 2.8B | 2.5B | 3.3B | 2.8B | 2.8B |
| Avg. Price | 21.38 | 24.61 | 27.62 | 35.30 | 29.17 | 31.36 | 31.38 | 41.15 | 41.03 | 41.63 | 45.15 | 48.88 | 47.72 |
| Year-End Price | 21.66 | 23.57 | 32.12 | 35.78 | 26.38 | 33.25 | 31.74 | 40.19 | 41.85 | 37.42 | 52.21 | 45.02 | 47.72 |
ABM INDUSTRIES INC /DE/ passes 4 of 9 quality checks, suggesting mixed fundamentals.
ABM INDUSTRIES INC /DE/ trades at 18.4x trailing earnings, compared to its 15-year median P/E of 17.7x, suggesting it is currently Fair relative to its historical range. On a free-cash-flow basis, the stock trades at 18.5x vs a median of 12.0x. The company's 5-year average ROIC is 7.8% with a gross margin of 13.4%. Total shareholder yield (dividends + buybacks) is 9.3%. At current prices, the estimated annualized return to fair value is -13.3%.
ABM INDUSTRIES INC /DE/ (ABM) has a net profit margin of 1.9%. This is a modest margin.
ABM INDUSTRIES INC /DE/ (ABM) generated $155 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
ABM INDUSTRIES INC /DE/ (ABM) has a debt-to-equity ratio of 0.88. This indicates moderate leverage.
ABM INDUSTRIES INC /DE/ (ABM) reported earnings per share (EPS) of $2.59 in its most recent fiscal year.
ABM INDUSTRIES INC /DE/ (ABM) has a return on equity (ROE) of 9.1%. This indicates moderate shareholder returns.
ABM INDUSTRIES INC /DE/ (ABM) has a 5-year average gross margin of 13.4%. This lower margin is typical of capital-intensive or commodity businesses.
The Ledger Terminal provides 16 years of financial data for ABM INDUSTRIES INC /DE/ (ABM), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
ABM INDUSTRIES INC /DE/ (ABM) has a book value per share of $28.48, based on its most recent annual SEC filing.
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