ABM Industries Inc
abm.comWhat Do They Do?
Provides cleaning, building maintenance, and engineering and energy services to commercial, industrial, and public facility operators.
10-K for FY2025, filed Dec 19, 2025(1) Janitorial arrangements provide a wide range of essential cleaning services for commercial office buildings, airports and other…View ↗
B&I, our largest reportable segment, encompasses comprehensive facility solutions, including janitorial and maintenance, facilities…View ↗
M&D provides integrated facility services, engineering, janitorial and maintenance, and other specialized solutions to a variety of…View ↗
(5) Building & Energy Solutions arrangements provide custom energy solutions, including microgrid systems installation, electrical, HVAC…View ↗
How Do They Make Money?
For cleaning and onsite facility services, clients pay fixed monthly fees, area-based monthly fees, or agreed labor and other costs plus a margin; extra work can be requested through work orders. Parking brings management fees or location revenue, while energy projects are paid at contract milestones.
10-K for FY2025, filed Dec 19, 2025These arrangements are contracts in which the client agrees to pay a fixed fee every month over a specified contract term.View ↗
Square-foot arrangements are contracts in which the client agrees to pay a fixed fee every month based on the actual square footage…View ↗
These arrangements are contracts in which the clients reimburse us for the agreed-upon amount of wages and benefits, payroll taxes…View ↗
Work orders generally consist of supplemental services requested by clients outside of the standard service specification and include…View ↗
Under these parking arrangements, we manage a parking facility for a management fee and pass through the revenue and expenses associated…View ↗
Under these arrangements, we agree to develop, design, engineer, and construct various types of energy saving projects. Additionally, as…View ↗
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10-K for FY2025, filed Dec 19, 2025
FY2025 revenue by product or service ↗
$8.7B
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10-K for FY2025, filed Dec 19, 2025
$8.7B ↗
| Segment | Share | Revenue |
|---|---|---|
|
Janitorial
|
60% |
Janitorial, FY2025
$5.2B Sources
|
|
Aviation Services
|
5.8% |
Aviation Services, FY2025
$502.6M Sources
|
|
Parking and Transportation
|
9.4% |
Parking and Transportation, FY2025
$818.8M Sources
|
|
Operations and Maintenance
|
14% |
Operations and Maintenance, FY2025
$1.2B Sources
|
|
Building & Energy Solutions
|
11% |
Building & Energy Solutions, FY2025
$967.4M Sources
|
Who Are Their Customers?
Commercial and industrial facility operators, educational institutions, and airlines and airports hire ABM for cleaning, maintenance, and specialized services; its sales, operations, and management teams interact directly with clients, and many projects are awarded through competitive bids.
10-K for FY2025, filed Dec 19, 2025B&I, our largest reportable segment, encompasses comprehensive facility solutions, including janitorial and maintenance, facilities…View ↗
M&D provides integrated facility services, engineering, janitorial and maintenance, and other specialized solutions to a variety of…View ↗
Aviation provides comprehensive support services to airlines and airports, including parking and transportation management, janitorial and…View ↗
Education delivers comprehensive facility services to public school districts, private schools, colleges, and universities. Our services…View ↗
We believe that each aspect of our business is highly competitive and that such competition is based primarily on price, quality of…View ↗
Our sales and marketing activities include digital engagement and direct interactions with prospective and existing clients, pricing…View ↗
Do Revenues Turn Into Profits?
Yes. It kept 2 cents of every revenue dollar as net income in FY2025 and turned 2 cents into free cash flow.
10-K for FY2025, filed Dec 19, 2025
$311.7MView ↗
10-K for FY2025, filed Dec 19, 2025
$162.4MView ↗
10-K for FY2025, filed Dec 19, 2025
$155.1MView ↗
How Are They Changing?
10-Q for Q3 FY2026, filed Sep 8, 2026
Open tableView ↗
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Sep 8, 2026
Raises adjusted earnings outlook and increases free cash flow expectations
Sources
8-K, filed Sep 8, 2026
Raises Midpoint of Outlook For Fiscal 2026 Adjusted EPS and Increases Free Cash Flow ExpectationsView ↗
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Jun 5, 2026
Updates revenue and margin outlook
Projects revenue growth toward the upper ends of its ranges and segment margin toward the lower end.
Sources
8-K, filed Jun 5, 2026
The Company is reaffirming its fiscal 2026 outlook with the following updates. The Company now expects organic revenue growth toward the…View ↗
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Feb 5, 2026
Funds purchase of Iveagh New Opportunities and its subsidiaries
A new term loan partially funded the cash purchase, priced at approximately $275.0 million.
Sources
8-K, filed Feb 5, 2026
The proceeds of the First Incremental Term Loan were used to partially fund the previously disclosed acquisition of all of the issued and…View ↗
Growing. Revenue grew 40% in 4 years, from $6.2B in FY2021 to $8.7B in FY2025, about 9% a year.
Adds data-center critical-power services
The older report described mission-critical services broadly; the latest report ties the Quality Uptime purchase to data-center maintenance, including UPS, switchgear, breakers, batteries, and power distribution equipment.
10-K for FY2022, filed Dec 21, 2022 10-K for FY2025, filed Dec 19, 2025As a result of these strategic changes and investments, we have strengthened our ability to offer janitorial, engineering, parking and…View ↗
In 2024, we acquired Quality Uptime Services, Inc. (“Quality Uptime”), an independent uninterrupted power supply system (“UPS”) maintenance…View ↗
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