ABM cleans and maintains offices, factories, airports and campuses at prices set in competitive bids. Growth has made it bigger but not more profitable per dollar, and this year's jump in cash has yet to prove lasting.
Somebody mops an office floor before staff arrive, and somebody keeps the building's lights and air conditioning running. In many offices, factories, airports and campuses, that somebody may work for ABM. It sends its own staff to clean, maintain and run parking at clients' sites. Clients pay for people and for managing their work. ABM keeps what is left after paying its workers and the costs of running the company.
Business & Industry, the largest of its five divisions, brought in almost half of revenue in (the year to October 2025). Most of ABM's work is won in competitive bids: the client picks an offer, and ABM must deliver at that price. Starting a rival business is cheap, and local operators, which may carry much lower labour costs and office overheads, bid against it. Already holding a contract helps when it comes up for a new bid but does not let ABM charge more. So what remains depends on how well it manages labour and overhead against a price agreed in advance. Many contracts have clients pay costs such as insurance and healthcare at specified rates; if actual costs run higher, ABM absorbs the difference.
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