ABM Industries Incorporated (ABM) Stock Price & How to Invest

ABM Industries Incorporated (NYSE: ABM) sells building services under contract. It runs five reportable segments: Business & Industry, the commercial real estate portfolio and the largest at ~$2.08 billion of revenue in the first half of fiscal 2026; Manufacturing & Distribution at ~$886 million; Aviation at ~$609 million; Education at ~$461 million; and Technical Solutions at ~$497 million. Cut the same revenue by what the work actually is, and janitorial alone accounted for ~$2.64 billion of the ~$4.53 billion first half, with operations and maintenance, energy solutions, parking and airport ground services making up the rest. The company began in 1909 as a San Francisco window washing business and today employs over ~100,000 people. Its fiscal year ends October 31, so its quarters run a month ahead of the calendar.

The most recent reported quarter, the second quarter of fiscal 2026 ended April 30, 2026, showed revenue up ~8.4% to a quarterly record of ~$2.29 billion, split between ~6.1% organic growth and ~2.3% from acquisitions. Net income was ~$43.1 million, or ~$0.73 per diluted share, against ~$52.9 million and ~$0.90 on the company's adjusted basis. Segment operating margin came in at ~7.3%, down from ~7.9% a year earlier. Those figures frame the whole question. ABM is a labor pass-through business where a percentage point of margin is worth more than a percentage point of revenue, and management has guided to fiscal 2026 adjusted earnings of ~$3.85 to ~$4.15 a share when the first half produced ~$1.72. Against a market value near ~$2.7 billion, or roughly ~$47 a share on ~58.6 million shares outstanding, the stock trades around ~18x trailing GAAP earnings and closer to ~12x the midpoint of that adjusted guidance. Whether the second half closes the gap between those two multiples is what a holder is underwriting.

Business & Industry, at nearly half of revenue, was essentially flat in the April quarter as client exits offset international wins, so the largest piece of ABM is not currently growing. Margins are thin enough that ordinary variables move earnings materially: wage inflation, self-insurance reserve adjustments, weather and contract ramp costs all landed on the quarter's ~7.3% segment operating margin. Debt matters more after the ~$283.4 million WGNSTAR purchase, with interest expense guided to roughly ~$110 million for fiscal 2026. Employing over ~100,000 people in a heavily unionized, wage-and-hour-litigated industry produces a steady flow of employment class actions, and ABM carried ~$8.3 million accrued for probable litigation losses at April 30, 2026; no securities fraud class action is on file. The ERP implementation that damaged billing in fiscal 2025 is still being rolled out and remains a listed risk to working capital and reporting.

7 analysts publish price targets on ABM, averaging $52.43 against a $46.59 price as of August 2026, or +12.5%. The published targets run from $45.00 to $68.00, a moderate spread, and the ratings split 3 buy, 5 hold, 0 sell. Over the last six months there has been 1 raise and 3 cuts among the published actions. A price target is what an analyst published on a date, not a prediction, and sell-side ratings skew positive across the whole market.

Read the full ABM forecast and price target for the target table, the recent rating actions by firm, and how the consensus has shifted.

We give no verdict on ABM Industries Incorporated. Both cases are real, which is why the question is contested at all, so here is the strongest version of each.

The case for buying. Technical Solutions is where the growth is. Technical Solutions grew revenue ~27.2% year over year in the April quarter to ~$267.3 million, driven by battery energy storage systems, datacenter-related work, and the RavenVolt microgrid business ABM bought in 2022. The most optimistic published target, $68.00, assumes this works close to its best case.

The case against. Business & Industry, at nearly half of revenue, was essentially flat in the April quarter as client exits offset international wins, so the largest piece of ABM is not currently growing. The most pessimistic target, $45.00, is roughly what ABM is worth if this bites instead.

Read the full bull and bear case on ABM, including what would have to change to break either one. Walnut is not an investment adviser.

A simple financial snapshot. These are approximations and refresh quarterly; for current figures see ABM Industries Incorporated's investor relations page or your broker.

• Revenue (TTM): ~$9.05 billion
• Net income (TTM): ~$158 million, a ~1.7% net margin
• Diluted EPS (TTM, GAAP): ~$2.60
• FY2026 adjusted EPS guidance: ~$3.85 to ~$4.15
• Market value: ~$2.7 billion, about ~$47 a share
• Total debt and leverage: ~$1.9 billion, ~3.2x by credit facility definition

The two multiples tell different stories and both are real. Trailing GAAP earnings of ~$2.60 put the stock near ~18x, while the midpoint of company guidance near ~$4.00 puts it closer to ~12x, and the difference is acquisition amortization, restructuring charges and other items ABM excludes from its adjusted figures. Adjusted EBITDA was ~$131.7 million in the April quarter versus ~$125.9 million a year earlier, so enterprise value including the ~$1.9 billion of debt sits at roughly ~9x annualized adjusted EBITDA.

Other names that sit close to ABM: same theme, named as a direct competitor, or held beside it in the same funds. Each entry says which. Worth a look if you are thinking about diversification within a thesis rather than concentration on one ticker.

There are three common ways to get ABM exposure. Buy shares (or fractional shares) directly at any major broker. Hold an ETF that includes it, which spreads the position across many companies. Or build it into a focused thematic portfolio, so ABM sits alongside other stocks that express the same thesis.

Walnut takes the portfolio route. Describe a thesis where ABM fits (for example “AI infrastructure” or “dividend-growth large-caps”) and the AI proposes 5 to 6 constituents with target weights. You review the plan and fund it through your own broker when you're ready.

New to this? Start with how to invest in stocks, see how to analyze a stock with AI, or compare the best AI stock analyzers.

A ~$2.7 billion company running ~$9 billion of low-margin contract labor, priced around ~12x its own fiscal 2026 adjusted earnings guidance, where the back half of the year has to deliver most of the profit.

Whether ABM is worth buying today depends more on your time horizon and what you already hold than on any single call. We walk through valuation, what would have to go right, and the risks in is ABM a buy or a sell?, and where the stock could go from here in the ABM stock forecast.

For income investors, whether ABM pays a dividend and how the payout looks is covered in does ABM pay a dividend? And to weigh ABM against a peer, read the full side-by-side comparisons: ABM vs ARMK and ABM vs COMP.