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ABM Industries ABM Contract Assets
Contract Assets at other companies
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Where this comes from
Reported directly by ABM Industries in its filing.
Tagged under the XBRL concept us-gaap:ContractWithCustomerAssetNetCurrent.
The source filing: ABM Industries’s 10-Q, filed June 5, 2026.
- Filed
- Jun 5, 2026, 11:25 AM EDT
- Fiscal quarter
- Q2 FY2026
- Calendar quarter
- Q2 2026
- Accession
- 0000771497-26-000007
| (in millions, except share and per share amounts) | April 30, 2026 | October 31, 2025 |
|---|---|---|
| Current assets | ||
| Cash and cash equivalents | $94.9 | $104.1 |
| Trade accounts receivable, net of allowances of $23.6 and $25.5 at April 30, 2026 and October 31, 2025, respectively | 1,517.2 | 1,471.1 |
| Costs incurred in excess of amounts billed | 174.7 | 193.7 |
| Prepaid expenses | 169.9 | 91.2 |
| Other current assets | 77.2 | 78.6 |
| Total current assets | 2,034.0 | 1,938.7 |
| Other investments | 30.9 | 48.6 |
ITEM 1. CONSOLIDATED FINANCIAL STATEMENTS.
FAQ
- What is ABM Industries's contract assets?
- ABM Industries (ABM) reported contract assets of $174.7M in Q1 2026.
- How has ABM Industries's contract assets changed year-over-year?
- ABM Industries's contract assets increased by 32.9% year-over-year, from $131.5M to $174.7M.
- What is the long-term trend for ABM Industries's contract assets?
- Over 5 years (2020 to 2025), ABM Industries's contract assets has grown at a 30.0% compound annual growth rate (CAGR), from $52.2M to $193.7M.
- What does contract assets mean?
- Revenue recognized under ASC 606 where the right to payment is conditional on something other than the passage of time — work performed but not yet billable.
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