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ABM Industries

ABM on NYSE. ABM Industries sells facility maintenance and engineering services to businesses and building owners. Market value $2.8bn.

Watch this stockFree. We tell you when something changes.

Price checks use the past 12 months to July 2026. Quality checks use five annual reports, the latest for the year to October 2025.

Should I look at this?

Worth a closer look

Why it could be worth it

What to watch out for

Nothing stood out in the numbers we check.

Read what could go wrong

This is not advice. Check the numbers below.

Compare with another stock

Cash yield
past 12 months to July 2026
11.0%very high

For every $100 of what the whole company costs, it produced $10.99 of spare cash in the past 12 months. A savings account pays about $4.

Price to profit
past 12 months to July 2026
14.0×fair

You pay 14.0 years of operating profit for the business. The average large US company costs around 18.

Return on capital
five annual reports to October 2025
7.5%five-year median

Each dollar kept in the business earns 8 cents a year. Above 10 is good.

Quality score: 70 of 100. Price score: 95 of 100. Our list needs 70 on quality and 60 on price.

$48.49 a share, 31% above its 1-year low

Over the past year the price has ranged from $36.96 to $51.29.

Dividend: 2.3% a year

Paid every year for at least 5 years

Prices from Monday’s close (5 October).

Five years of cash, in billions

0.3
-0.0
0.2
0.2
0.2
0.3
2021202220232024202512 monthsto Jul '26

Spare cash swings from quarter to quarter here: $312 million in the past 12 months, $155 million in the year to October 2025.

Revenue
$6.2bn$7.8bn$8.1bn$8.4bn$8.7bn
Operating margin
3.3%4.5%5.1%2.5%3.6%
Debt to equity
0.550.740.740.760.89
Shares outstanding
0.07bn0.07bn0.06bn0.06bn0.06bn

Health checks

  • Free cash flow positive4 of 5 years
  • Accounting looks honest (Beneish)Nothing unusual
  • Financial strength (Piotroski)7 of 9
  • Profit backed by cash (accruals)Yes
  • Debt0.89× equity
  • Revenue growth, five yearsSlow, 7.9% a year
  • Buying back its own sharesYes, 11% fewer since 2021

The quarter to July 2026

How the business did, compared with the same quarter a year earlier.

  • Sales: $2.3 billion last quarter, up 4% on a year ago.
  • Profit: $50 million, up 19% on a year ago.
  • It keeps 4 cents of each $1 of sales as operating profit, up from 3 cents a year earlier.
  • Spare cash over the past 12 months: $312 million, up from $58 million.
  • 6% fewer shares than a year ago. Each share owns a bit more of the company.
  • Debt is $1.7 billion more than cash, up from $1.5 billion a year ago.
  • Sales grew on a year ago in each of the last 4 quarters.
Sales by quarter
Sales by quarter
Quarter toAmount
October 2024$2.2bn
January 2025$2.1bn
April 2025$2.1bn
July 2025$2.2bn
October 2025$2.3bn
January 2026$2.2bn
April 2026$2.3bn
July 2026$2.3bn
Profit by quarter
Profit by quarter
Quarter toAmount
October 2024-$12m
January 2025$44m
April 2025$42m
July 2025$42m
October 2025$35m
January 2026$39m
April 2026$43m
July 2026$50m

From the company's quarterly reports to the SEC.

Dates

Next results (estimated)
n/a
Last annual report (10-K)
19 December 2025
Next quarterly (estimated, 10-Q)
8 December 2026

Who owns it

11 long-term investors we follow own it, down from 12 last quarter. 305 funds in all.

Jun '25
Dec '25
Jun '26

Sold out this quarter

Largest holders overall

From 13F filings for the quarter ended 30 June 2026.

Big holders and activists

4 investors own more than 5%.

From Schedule 13D and 13G filings: anyone owning more than 5% must file one.

What insiders did

No insider bought shares on the open market in the last 12 months. 4 sold $4m, $4m of it under preset trading plans.

  • VALENTIN RAUL JAVIER
    EVP and CHRO
    Sold
    under a preset trading plan
    Date
    16 July 2026
    Shares
    1,639
    Price
    $48.00
    Value
    $78,672
  • CHIN DEAN A
    SVP - Chief Accounting Officer
    Sold
    Date
    13 July 2026
    Shares
    3,958
    Price
    $45.31
    Value
    $179,346
  • SALMIRS SCOTT B
    President and CEO, Director
    Sold
    under a preset trading plan
    Date
    12 June 2026
    Shares
    50,000
    Price
    $46.34
    Value
    $2m
  • JACOBSEN RENE
    EVP & Chief Operating Officer
    Sold
    under a preset trading plan
    Date
    9 February 2026
    Shares
    9,339
    Price
    $47.23
    Value
    $441,081
  • JACOBSEN RENE
    EVP & Chief Operating Officer
    Sold
    under a preset trading plan
    Date
    13 January 2026
    Shares
    31,034
    Price
    $44.12
    Value
    $1m

From Form 4 filings: insiders must report trades in their own company's shares within two days.

Warning signs in its filings

Problems the company itself reported to the SEC, in its own words.

None of the warning signs we check for were found.

We look for five warning signs: doubt it can keep going, weak checks on its own accounts, a notice that its past accounts can't be relied on, a change of auditor, and one customer bringing in a big share of sales. We don't check lawsuits, investigations or debt yet.

We checked the auditor's report, internal controls, restatement notices, auditor changes and big customers in the 10-K filed 19 Dec 2025, plus the 10-Q filed 8 Sep 2026 and 5 later 8-Ks.

A 10-K is the yearly report every US company files with the SEC. An 8-K is a short notice of a big event.

What could go wrong

Cheap for a reason is the question the numbers cannot answer.

Whether the price already reflects the risks is what the deep dive is for.

What changed in the risks this year

Companies must list what could hurt them each year. These are the parts that changed since last year’s report.

  • We may not realize the growth opportunities and synergies that are anticipated from the WGNSTAR Acquisition.

    Could happen
    The benefits that are expected to result from the WGNSTAR Acquisition, which we expect to be consummated in the first half of 2026, will depend, in part, on our ability to realize the anticipated growth opportunities and the realization of anticipated cost and revenue synergies. Maintaining strong relationships with acquired clients and retaining talented employees will also be critical to realizing the acquisition’s benefits. Clients or key employees of WGNSTAR may decide not to continue their relationship with us after the acquisition is consummated. Any loss of significant WGNSTAR customers or the departure of key personnel could negatively impact the success of the acquisition and hinder our ability to achieve the expected benefits. Ultimately, if we fail to fully realize the expected growth opportunities, revenue synergies, or cost savings from the WGNSTAR Acquisition, it could negatively impact our business, financial condition, and results of operations.
    Read more

Read it in the annual report

The deep dive

Everything above is arithmetic on public filings. The deep dive reads the last ten years of annual reports, the proxy statements, and the earnings calls, then argues the case the way Buffett, Klarman, and Hohn would, and checks every claim against the source.

  • What the business is worth, as a range, and the margin of safety at today’s price
  • Prices to start buying, buy, and buy hard
  • The three things that would make this a mistake
  • Every number footnoted to the filing it came from
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What a finished deep dive looks like

Not advice. Numbers on this page come from SEC filings and are updated each night; prices are updated again after the US market closes. The five-year figures are rounded.