ABM Industries Incorporated, founded in 1909 and headquartered in New York, New York, United States, is a major provider of integrated facility services including janitorial, security, and parking management. The company earns revenue primarily through long-term contracts with a diversified client base ranging from commercial offices to healthcare facilities. Under the leadership of CEO Michael J. Ahearn since 2019, ABM continues to leverage technology and operational efficiencies to maintain its competitive market position while investing in digital and sustainable initiatives for future growth.
Financial Statements
In thousands, USD
FY 2025
FY 2024
FY 2023
FY 2022
Total Revenues
8,745,900
8,359,400
8,096,400
7,806,600
Gross Profit
8,745,900
8,359,400
8,096,400
7,806,600
Selling, General & Administrative Expenses
697,400
765,300
572,800
628,300
Depreciation & Amortization Expenses
52,500
56,100
76,500
72,100
Other Operating Expenses
7,684,200
7,325,900
7,037,600
6,757,500
Operating Profit
311,700
212,000
409,500
348,800
Interest and Investment Income
4,600
6,500
3,900
2,400
Interest Expense
(96,400)
(85,000)
(82,300)
(41,100)
Total Non-Operating Income
(91,800)
(78,500)
(78,400)
(38,700)
Income Before Provision for Income Taxes
219,900
133,600
331,100
310,000
Provision for Income Taxes
57,600
52,200
79,700
79,600
Consolidated Net Income
162,300
81,400
251,400
230,400
Net Income Attributable to Common Shareholders
162,400
81,400
251,300
230,400
Basic EPS
2.61
1.29
3.81
3.44
Diluted EPS
2.59
1.28
3.79
3.41
Basic Weighted Average Shares Outstanding
62,300
63,200
66,000
67,100
Diluted Weighted Average Shares Outstanding
62,700
63,600
66,300
67,500
Shares Outstanding
60,177
62,197
62,847
65,588
FY 2025
FY 2024
FY 2023
FY 2022
Cash and Cash Equivalents
104,100
64,600
69,500
73,000
Total Cash and Cash Equivalents
104,100
64,600
69,500
73,000
Accounts Receivable
1,471,100
1,384,100
1,365,000
1,278,700
Total Trade Receivables
1,471,100
1,384,100
1,365,000
1,278,700
Other Current Assets
363,500
340,100
276,300
209,500
Total Current Assets
1,938,700
1,788,700
1,710,700
1,561,200
Net Property, Plant & Equipment
272,300
251,900
244,900
240,600
Net Intangible Assets
243,200
282,400
302,900
378,500
Goodwill
2,591,100
2,575,900
2,491,300
2,485,600
Long-Term Investments
48,600
30,800
28,800
14,500
Other Long-Term Assets
175,500
167,500
155,000
188,500
Total Assets
5,269,500
5,097,200
4,933,700
4,868,900
Accounts Payable
401,200
324,300
299,100
315,500
Accrued Expenses
567,200
700,000
569,800
601,500
Current Portion of Long-Term Debt
29,400
31,600
31,500
181,500
Current Portion of Leases
28,200
26,600
32,500
30,300
Unearned Revenue
74,700
63,700
90,100
46,300
Other Current Liabilities
204,800
202,300
194,900
178,000
Total Current Liabilities
1,305,700
1,348,400
1,217,900
1,353,200
Long-Term Debt
1,537,100
1,302,200
1,279,800
1,086,300
Leases
83,700
92,000
98,800
104,500
Other Long-Term Liabilities
557,400
572,600
537,300
607,600
Total Long-Term Liabilities
2,178,200
1,966,800
1,915,900
1,798,400
Total Liabilities
3,483,800
3,315,200
3,133,800
3,151,700
Common Stock
600
600
600
700
Additional Paid-in Capital
437,400
527,400
558,900
675,500
Accumulated Other Comprehensive Income
(20,500)
(19,100)
(9,200)
(16,200)
Retained Earnings
1,368,100
1,272,900
1,249,600
1,057,200
Total Common Shareholders' Equity
1,785,600
1,781,900
1,799,900
1,717,200
Total Shareholders' Equity
1,785,600
1,781,900
1,799,900
1,717,200
Total Liabilities and Shareholders' Equity
5,269,500
5,097,200
4,933,700
4,868,900
FY 2025
FY 2024
FY 2023
FY 2022
Net Income
162,400
81,400
251,300
230,400
Depreciation & Amortization
105,600
106,600
120,700
112,400
Share-Based Compensation Expense
38,000
30,000
30,500
30,500
Other Adjustments
(18,000)
87,300
(53,100)
54,200
Changes in Trade Receivables
(109,800)
(32,600)
(152,700)
(143,800)
Changes in Accounts Payable
53,100
(10,900)
(3,800)
(143,000)
Changes in Income Taxes Payable
(9,200)
(6,800)
15,100
(31,800)
Changes in Other Operating Activities
11,200
(14,300)
33,200
(86,500)
Cash from Operating Activities
233,300
240,700
241,200
20,400
Capital Expenditure
(79,300)
(59,400)
(52,600)
(50,800)
Proceeds from Sale of Property, Plant & Equipment
400
1,800
2,900
6,000
Purchases of Investments
—
—
—
(2,100)
Payments for Business Acquisitions
(36,700)
(114,300)
(12,400)
(194,600)
Cash from Investing Activities
(115,600)
(171,900)
(62,100)
(241,500)
Issuance of Long-Term Debt
1,846,800
1,334,000
1,178,500
1,479,400
Repayments of Long-Term Debt
(1,613,000)
(1,312,500)
(1,136,000)
(1,096,900)
Net Issuance / (Repayments) of Long-Term Debt
233,800
21,500
42,500
382,500
Repurchases of Common Shares
(122,200)
(56,100)
(138,100)
(97,500)
Net Issuance / (Repurchases) of Common Shares
(122,200)
(56,100)
(138,100)
(97,500)
Common Share Dividends Paid
(65,600)
(56,500)
(57,500)
(51,900)
Other Financing Activities
(126,100)
29,500
(33,300)
2,400
Cash from Financing Activities
(80,100)
(61,600)
(186,400)
235,500
Effect of Exchange Rate Changes on Cash and Cash Equivalents
900
1,800
1,600
(4,200)
Increase / (Decrease) in Cash, Cash Equivalents and Restricted Cash