Let’s dig into the relative performance of Veralto (NYSE: VLTO) and its peers as we unravel the now-completed Q4 environmental and facilities services earnings season.

Many environmental and facility services are non-discretionary (sports stadiums need to be cleaned after events), recurring, and performed through longer-term contracts. This makes for more predictable and stickier revenue streams. Additionally, there has been an increasing focus on emissions and water conservation over the last decade, driving innovation in the sector and demand for new services. Despite these tailwinds, environmental and facility services companies are still at the whim of economic cycles. Interest rates, for example, can greatly impact commercial construction projects that drive incremental demand for these services.

The 12 environmental and facilities services stocks we track reported a slower Q4. As a group, revenues missed analysts’ consensus estimates by 0.9%.

Amidst this news, share prices of the companies have had a rough stretch. On average, they are down 6.4% since the latest earnings results.

Veralto (NYSE: VLTO)

Spun off from Danaher in 2023, Veralto (NYSE: VLTO) provides water analytics and treatment solutions.

Veralto reported revenues of $1.40 billion, up 3.8% year on year. This print fell short of analysts’ expectations by 0.5%. Overall, it was a mixed quarter for the company with a beat of analysts’ EPS estimates but EPS guidance for next quarter missing analysts’ expectations.

The stock is down 6.8% since reporting and currently trades at $90.87.

Is now the time to buy Veralto? Access our full analysis of the earnings results here, it’s free.

Best Q4: Enviri (NYSE: NVRI)

Cooling America’s first indoor ice rink in the 19th century, Enviri (NYSE: NVRI) offers steel and waste handling services.

Enviri reported revenues of $555 million, flat year on year, outperforming analysts’ expectations by 0.7%. The business had an exceptional quarter with a beat of analysts’ EPS and EBITDA estimates.

However, the results were likely priced into the stock as it’s traded sideways since reporting. Shares currently sit at $19.26.

Is now the time to buy Enviri? Access our full analysis of the earnings results here, it’s free.

Weakest Q4: Perma-Fix (NASDAQ: PESI)

Tackling hazardous waste challenges since 1990, Perma-Fix (NASDAQ: PESI) provides environmental waste treatment services.

Perma-Fix reported revenues of $15.72 million, up 6.9% year on year, falling short of analysts’ expectations by 11.2%. It was a disappointing quarter as it posted a significant miss of analysts’ revenue and EBITDA estimates.

Perma-Fix delivered the weakest performance against analyst estimates in the group. The stock is flat since the results and currently trades at $12.10.

Read our full analysis of Perma-Fix’s results here.

Clean Harbors (NYSE: CLH)

Established in 1980, Clean Harbors (NYSE: CLH) provides environmental and industrial services like hazardous and non-hazardous waste disposal and emergency spill cleanups.

Clean Harbors reported revenues of $1.5 billion, up 4.8% year on year. This result topped analysts’ expectations by 2.5%. Overall, it was a strong quarter as it also logged an impressive beat of analysts’ revenue and EPS estimates.

The stock is up 12.9% since reporting and currently trades at $303.78.

Read our full, actionable report on Clean Harbors here, it’s free.

Montrose (NYSE: MEG)

Founded to protect a tree-lined two-lane road, Montrose (NYSE: MEG) provides air quality monitoring, environmental laboratory testing, compliance, and environmental consulting services.

Montrose reported revenues of $193.3 million, up 2.2% year on year. This print surpassed analysts’ expectations by 2.5%. It was an exceptional quarter as it also produced a beat of analysts’ EPS estimates and an impressive beat of analysts’ adjusted operating income estimates.

The stock is down 8.1% since reporting and currently trades at $21.49.

Read our full, actionable report on Montrose here, it’s free.

Market Update

Late in 2025 into early 2026, there was hand wringing around artificial intelligence. For software companies, the fear was that AI would erode pricing power and compress margins as new tools made it easier to replicate what once required expensive enterprise platforms. Crypto investors had their own version of the same anxiety: if AI agents could trade, allocate capital, and manage wallets autonomously, what exactly was the long-term value of today’s crypto infrastructure?

These concerns triggered a noticeable rotation away from these sectors and into safer havens. But markets rarely dwell on one narrative for long. Spring 2026 came, and the focus shifted abruptly from technological disruption to geopolitical risk. The US’ conflict with Iran became the dominant driver of market psychology, and when geopolitics takes center stage, the script changes quickly. Investors stop debating growth rates and start worrying about oil supply, inflation, and global stability.

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