Stocks ABM Financial statements
Financial statementsABM INDUSTRIES INC /DE/ financial statements
Income statement, balance sheet and cash flow statement for the last 10 fiscal years, taken from the XBRL data ABM INDUSTRIES INC /DE/ files with the SEC in its annual reports.
In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.
Income statement
| FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 5,145 | 5,454 | 6,442 | 6,499 | 5,988 | 6,229 | 7,807 | 8,096 | 8,359 | 8,746 |
| Cost of revenue | 4,603 | 4,881 | 5,747 | 5,768 | 5,157 | 5,258 | 6,758 | 7,038 | 7,326 | 7,671 |
| Gross profit | 541 | 572 | 695 | 731 | 831 | 970 | 1,049 | 1,059 | 1,034 | 1,075 |
| Selling, general and administrative | 410 | 437 | 438 | 453 | 506 | 719 | 628 | 573 | 765 | 697 |
| Operating income | 54.7 | 102 | 139 | 208 | 95.7 | 206 | 349 | 410 | 212 | 312 |
| Interest expense | 10.4 | 19.2 | 54.1 | 51.1 | 44.6 | 28.6 | 41.1 | 82.3 | 85 | 96.4 |
| Pre-tax income | 51.9 | 86.9 | 87.7 | 160 | 53.3 | 180 | 310 | 331 | 134 | 220 |
| Income tax | -10.4 | 8.8 | -8.2 | 32.7 | 53.1 | 53.5 | 79.6 | 79.7 | 52.2 | 57.6 |
| Income from continuing operations | 62.3 | 78.1 | 95.9 | 128 | 0.2 | 126 | 230 | |||
| Net income | 57.2 | 3.8 | 97.8 | 127 | 0.3 | 126 | 230 | 251 | 81.4 | 162 |
| EBITDA | 112 | 172 | 251 | 316 | 192 | 296 | 461 | 530 | 319 | 417 |
| EPS, basic | 1.02 | 0.07 | 1.48 | 1.91 | 0.00 | 1.87 | 3.44 | 3.81 | 1.29 | 2.61 |
| EPS, diluted | 1.01 | 0.07 | 1.47 | 1.90 | 0.00 | 1.86 | 3.41 | 3.79 | 1.28 | 2.59 |
| Shares, basic (weighted) | 56.3 | 57.7 | 66.1 | 66.6 | 66.9 | 67.4 | 67.1 | 66 | 63.2 | 62.3 |
| Shares, diluted (weighted) | 56.9 | 58.3 | 66.4 | 66.9 | 67.3 | 68 | 67.5 | 66.3 | 63.6 | 62.7 |
| Dividend per share | 0.66 | 0.68 | 0.70 | 0.72 | 0.74 | 0.76 | 0.78 | 0.88 | 0.90 | 1.06 |
Balance sheet
| FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | 53.5 | 62.8 | 39.1 | 58.5 | 394 | 62.8 | 73 | 69.5 | 64.6 | 104 |
| Receivables | 804 | 1,038 | 1,014 | |||||||
| Other current assets | 30 | 32.8 | 37 | 55.5 | 55.9 | 60 | 51.6 | 58.6 | 74.8 | 78.6 |
| Total current assets | 991 | 1,236 | 1,171 | 1,275 | 1,442 | 1,401 | 1,561 | 1,711 | 1,789 | 1,939 |
| Property, plant and equipment | 81.8 | 143 | 140 | 150 | 134 | 112 | 125 | 132 | 151 | 177 |
| Lease right-of-use assets | 143 | 127 | 115 | 113 | 101 | 95.1 | ||||
| Goodwill | 913 | 1,864 | 1,835 | 1,835 | 1,671 | 2,229 | 2,486 | 2,491 | 2,576 | 2,591 |
| Intangible assets | 104 | 430 | 356 | 297 | 240 | 425 | 379 | 303 | 282 | 243 |
| Other non-current assets | 134 | 122 | 110 | 120 | 136 | 131 | 189 | 155 | 168 | 176 |
| Total assets | 2,279 | 3,813 | 3,628 | 3,693 | 3,777 | 4,436 | 4,869 | 4,934 | 5,097 | 5,270 |
| Accounts payable | 174 | 231 | 222 | 281 | 273 | 289 | 316 | 299 | 324 | 401 |
| Accrued liabilities | 131 | 160 | 172 | 189 | 188 | 238 | 247 | 250 | 296 | 195 |
| Deferred revenue | 41.7 | 38 | 36.4 | 58.5 | 46.3 | 90.1 | 63.7 | 74.7 | ||
| Short-term debt | 0 | 16.9 | 37 | 57.2 | 117 | 31.4 | 182 | 31.5 | 31.6 | 29.4 |
| Total current liabilities | 597 | 758 | 793 | 902 | 987 | 1,286 | 1,353 | 1,218 | 1,348 | 1,306 |
| Long-term debt | 268 | 1,161 | 902 | 744 | 603 | 853 | 1,086 | 1,280 | 1,302 | 1,537 |
| Lease liabilities | 131 | 117 | 105 | 98.8 | 92 | 83.7 | ||||
| Other non-current liabilities | 71.2 | 61.3 | 62.9 | 78.8 | 168 | 124 | 126 | 61.1 | 86.8 | 54.3 |
| Total liabilities | 1,305 | 2,437 | 2,173 | 2,151 | 2,277 | 2,827 | 3,152 | 3,134 | 3,315 | 3,484 |
| Total debt | 268 | 1,178 | 939 | 801 | 720 | 884 | 1,268 | 1,280 | 1,302 | 1,537 |
| Paid-in capital | 249 | 675 | 692 | 709 | 724 | 751 | 676 | 559 | 527 | 437 |
| Retained earnings | 756 | 720 | 771 | 856 | 806 | 880 | 1,057 | 1,250 | 1,273 | 1,368 |
| Other comprehensive income | -31.6 | -20.3 | -9 | -23.9 | -30.8 | -22.5 | -16.2 | -9.2 | -19.1 | -20.5 |
| Shareholders' equity | 974 | 1,376 | 1,455 | 1,542 | 1,500 | 1,609 | 1,717 | 1,800 | 1,782 | 1,786 |
| Total equity | 974 | 1,376 | 1,455 | 1,542 | 1,500 | 1,609 | 1,717 | 1,800 | 1,782 | 1,786 |
| Total liabilities and equity | 2,279 | 3,813 | 3,628 | 3,693 | 3,777 | 4,436 | 4,869 | 4,934 | 5,097 | 5,270 |
| Shares outstanding | 55.6 | 65.5 | 66 | 66.6 | 66.7 | 67.3 | 65.6 | 62.8 | 62.2 | 60.2 |
Cash flow statement
| FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Net income | 57.2 | 3.8 | 97.8 | 127 | 0.3 | 126 | 230 | 251 | 81.4 | 162 |
| Depreciation and amortization | 57.5 | 70.1 | 113 | 107 | 96.4 | 89.9 | 112 | 121 | 107 | 106 |
| Stock-based compensation | 14 | 13.3 | 17 | 17.5 | 20.3 | 33.5 | 30.5 | 30.5 | 30 | 38 |
| Deferred income tax | -3.7 | -6.1 | -23.7 | 9.7 | -36.6 | -48 | 67.7 | -4.9 | -24.7 | -21.9 |
| Change in receivables | -80.9 | -116 | 16 | -78.3 | 141 | -125 | -144 | -153 | -32.6 | -110 |
| Change in payables | 15.4 | 74.4 | -1.5 | 85.8 | -53.5 | 266 | -143 | -3.8 | -10.9 | 53.1 |
| Cash from operations | 83.5 | 5.6 | 321 | 263 | 458 | 314 | 20.4 | 243 | 227 | 234 |
| Capital expenditures | -44 | -57.2 | -50.9 | -59.6 | -38 | -34.3 | -50.8 | -52.6 | -59.4 | -79.3 |
| Acquisitions | -96 | -854 | 0 | 0 | 0 | -710 | -195 | 0 | -114 | |
| Sales and maturities of investments | 5 | 0 | 2.9 | 0 | 5 | 0 | 0 | |||
| Cash from investing | -135 | -872 | -48.1 | -58.3 | -27.5 | -740 | -242 | -62.1 | -172 | -116 |
| Debt issued | 1,052 | 1,880 | 1,184 | 1,756 | 1,059 | 358 | 1,479 | 1,179 | 1,334 | 1,847 |
| Debt repaid | -942 | -957 | -1,426 | -1,897 | -1,142 | -194 | -1,097 | -1,136 | -1,313 | -1,613 |
| Stock issued | 5.3 | |||||||||
| Share buybacks | -46.6 | -7.9 | 0 | 0 | -5.1 | 0 | -97.5 | -138 | -56.1 | -122 |
| Dividends paid | -36.9 | -39.5 | -46 | -47.7 | -49.3 | -51 | -51.9 | -57.5 | -56.5 | -65.6 |
| Cash from financing | 52.6 | 874 | -296 | -185 | -94.1 | 92.4 | 236 | -186 | -61.5 | -80.2 |
| Exchange rate effect | -3.3 | 1.5 | -0.7 | |||||||
| Net change in cash | -2 | 9.3 | -23.7 | 19.4 | 336 | -331 | 10.2 | -3.5 | -4.9 | 39.5 |
| Free cash flow | 39.5 | -51.6 | 270 | 203 | 420 | 280 | -30.4 | 191 | 167 | 155 |
| Interest paid | 4.4 | 8.1 | 49.6 | 39.9 | 32.9 | 14.3 | 28.9 | 89.4 | 98.5 | 99.8 |
| Income taxes paid | 12.6 | 11.8 | -1 | 20.6 | 82.2 | 93.5 | 46.4 | 69.1 | 83.2 | 88.2 |
Key metrics
Profitability
| Metric | Value | How it is calculated |
|---|---|---|
| Gross margin | 12.0% | Gross profit / revenue. |
| Operating margin | 3.5% | Operating income / revenue. |
| EBITDA margin | 4.8% | EBITDA (operating income + depreciation and amortization) / revenue. |
| Pre-tax margin | 2.4% | Pre-tax income / revenue. |
| Net margin | 1.8% | Net income / revenue. |
| FCF margin | 3.4% | Free cash flow (cash from operations - capital expenditures) / revenue. |
| Operating cash flow margin | 4.5% | Cash from operations / revenue. |
| Effective tax rate | 24.6% | Income tax / pre-tax income, when pre-tax income is positive. |
| Return on equity (ROE) | 9.3% | Net income / average shareholders' equity (opening and closing). Not shown when equity is negative. |
| Return on assets (ROA) | 3.0% | Net income / average total assets. |
| Return on invested capital (ROIC) | 7.1% | Approximation: operating income x (1 - tax rate) / average (total debt + equity - cash). Tax rate is the effective rate when between 0% and 50%, else 21%. |
| SG&A / revenue | 7.5% | Selling, general and administrative expense / revenue. |
| Stock-based pay / revenue | 0.4% | Stock-based compensation (from the cash flow statement) / revenue. |
| Capex / revenue | 1.1% | Capital expenditures / revenue. |
| D&A / revenue | 1.2% | Depreciation and amortization / revenue. |
Growth
| Metric | Value | How it is calculated |
|---|---|---|
| Revenue growth, 1y | 4.6% | Revenue vs the same period a year earlier. Only from a positive base. |
| Revenue CAGR, 3y | 3.9% | Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive. |
| Revenue CAGR, 5y | 7.9% | Compound annual growth of revenue over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive. |
| Gross profit growth, 1y | 4.0% | Gross profit vs the same period a year earlier. Only from a positive base. |
| Gross profit CAGR, 3y | 0.8% | Compound annual growth of gross profit over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive. |
| Gross profit CAGR, 5y | 5.3% | Compound annual growth of gross profit over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive. |
| Operating income growth, 1y | 47.0% | Operating income vs the same period a year earlier. Only from a positive base. |
| Operating income CAGR, 3y | -3.7% | Compound annual growth of operating income over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive. |
| Operating income CAGR, 5y | 26.6% | Compound annual growth of operating income over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive. |
| EBITDA growth, 1y | 31.0% | EBITDA vs the same period a year earlier. Only from a positive base. |
| EBITDA CAGR, 3y | -3.3% | Compound annual growth of ebitda over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive. |
| EBITDA CAGR, 5y | 16.8% | Compound annual growth of ebitda over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive. |
| Net income growth, 1y | 99.5% | Net income vs the same period a year earlier. Only from a positive base. |
| Net income CAGR, 3y | -11.0% | Compound annual growth of net income over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive. |
| Net income CAGR, 5y | 252.1% | Compound annual growth of net income over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive. |
| EPS growth, 1y | 102.3% | EPS vs the same period a year earlier. Only from a positive base. |
| EPS CAGR, 3y | -8.8% | Compound annual growth of eps over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive. |
| Operating cash flow growth, 1y | 3.4% | Operating cash flow vs the same period a year earlier. Only from a positive base. |
| Operating cash flow CAGR, 3y | 125.7% | Compound annual growth of operating cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive. |
| Operating cash flow CAGR, 5y | -12.5% | Compound annual growth of operating cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive. |
| Free cash flow growth, 1y | -7.3% | Free cash flow vs the same period a year earlier. Only from a positive base. |
| Free cash flow CAGR, 5y | -18.0% | Compound annual growth of free cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive. |
| Dividend per share growth, 1y | 17.8% | Dividend per share vs the same period a year earlier. Only from a positive base. |
| Dividend per share CAGR, 3y | 10.8% | Compound annual growth of dividend per share over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive. |
| Dividend per share CAGR, 5y | 7.5% | Compound annual growth of dividend per share over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive. |
| Book value growth, 1y | 0.2% | Book value vs the same period a year earlier. Only from a positive base. |
| Book value CAGR, 3y | 1.3% | Compound annual growth of book value over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive. |
| Book value CAGR, 5y | 3.5% | Compound annual growth of book value over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive. |
| Total assets growth, 1y | 3.4% | Total assets vs the same period a year earlier. Only from a positive base. |
| Total assets CAGR, 3y | 2.7% | Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive. |
| Total assets CAGR, 5y | 6.9% | Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive. |
| Share count change, 1y | -1.4% | Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution. |
| Share count change per year, 3y | -2.4% | Change in diluted weighted shares, per year over 3 years. Negative means buybacks shrank the share count; positive means dilution. |
| Share count change per year, 5y | -1.4% | Change in diluted weighted shares, per year over 5 years. Negative means buybacks shrank the share count; positive means dilution. |
Balance sheet health
| Metric | Value | How it is calculated |
|---|---|---|
| Current ratio | 1.42x | Current assets / current liabilities. |
| Quick ratio | 0.08x | (Cash + short-term investments + receivables) / current liabilities. |
| Cash ratio | 0.08x | (Cash + short-term investments) / current liabilities. |
| Debt / equity | 0.97x | Total debt / shareholders' equity. Not shown when equity is negative. |
| Debt / assets | 30.9% | Total debt / total assets. |
| Liabilities / assets | 68.0% | Total liabilities / total assets. |
| Net debt | $1.62B | Total debt - cash - short-term investments. Negative means more cash than debt. |
| Net debt / EBITDA | 3.73x | Net debt / EBITDA (twelve months), when EBITDA is positive. |
| Interest coverage | 3.04x | Operating income / interest expense. |
| Working capital | $590.6M | Current assets - current liabilities. |
| Goodwill and intangibles / assets | 54.8% | (Goodwill + intangible assets) / total assets. |
| Tangible book value | -$1.28B | Shareholders' equity - goodwill - intangible assets. |
Efficiency
| Metric | Value | How it is calculated |
|---|---|---|
| Asset turnover | 1.63x | Revenue / average total assets. |
| Fixed asset turnover | 43.2x | Revenue / average property, plant and equipment. |
| Days payables | 20 days | 365 x average accounts payable / cost of revenue. |
| FCF conversion | 187.7% | Free cash flow / net income, when net income is positive. |
| Capex / operating cash flow | 23.5% | Capital expenditures / cash from operations, when that is positive. |
Per share
| Metric | Value | How it is calculated |
|---|---|---|
| EPS, diluted | $2.81 | Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS. |
| Revenue per share | $154.23 | Revenue / diluted weighted shares. |
| FCF per share | $5.27 | Free cash flow / diluted weighted shares. |
| Operating cash flow per share | $6.89 | Cash from operations / diluted weighted shares. |
| Book value per share | $30.54 | Shareholders' equity / shares outstanding (diluted weighted shares when not reported). |
| Tangible book per share | -$21.83 | Tangible book value / shares outstanding. |
| Cash per share | $1.89 | (Cash + short-term investments) / shares outstanding. |
| Payout ratio | 40.5% | Dividends paid / net income, when net income is positive. |
| Dividends / FCF | 21.6% | Dividends paid / free cash flow, when free cash flow is positive. |
| Buybacks / FCF | 53.9% | Share buybacks / free cash flow, when free cash flow is positive. |
Valuation
| Metric | Value | How it is calculated |
|---|---|---|
| Market cap | $2.92B | Share price x shares outstanding. |
| Enterprise value | $4.54B | Market cap + total debt - cash - short-term investments. |
| P/E | 17.5x | Market cap / net income. Only when net income is positive. |
| P/S | 0.32x | Market cap / revenue. |
| P/B | 1.63x | Market cap / shareholders' equity. Only when equity is positive. |
| P/FCF | 9.34x | Market cap / free cash flow. Only when free cash flow is positive. |
| P/OCF | 7.14x | Market cap / cash from operations, when positive. |
| EV/Sales | 0.50x | Enterprise value / revenue. |
| EV/EBIT | 14.1x | Enterprise value / operating income, when both are positive. |
| EV/EBITDA | 10.4x | Enterprise value / EBITDA, when both are positive. |
| EV/FCF | 14.5x | Enterprise value / free cash flow, when both are positive. |
| FCF yield | 10.7% | Free cash flow / market cap. |
| Earnings yield | 5.7% | Net income / market cap (the inverse of P/E). |
| Dividend yield | 2.3% | Dividends paid over the period / market cap. |
| Shareholder yield | 8.1% | (Dividends paid + share buybacks) / market cap. |
What was ABM INDUSTRIES INC /DE/'s revenue in fiscal 2025?
ABM INDUSTRIES INC /DE/ reported revenue of $8.75B for fiscal 2025, 4.6% higher than the year before.
Was ABM INDUSTRIES INC /DE/ profitable in fiscal 2025?
Yes. Net income was $162.4M, a net margin of 1.9%.
How much free cash flow did ABM INDUSTRIES INC /DE/ generate in fiscal 2025?
Cash from operations of $234.4M minus capital expenditures of $79.3M left free cash flow of $155.1M.