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GFLGFL Environmental Inc.
$41.51$14.4B
Overview & Verdict
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GFL logoGFL Environmental Inc.(GFL)Earnings, Financials & Key Ratios

GFL•NYSE
$41.51
5.9× P/E·Price updated Jul 7, 2026
SectorIndustrialsIndustryWaste ManagementSub-IndustrySolid Waste Collection and Disposal
AboutGFL Environmental Inc. operates as a diversified environmental services company in Canada and the United States. The company offers non-hazardous solid waste management, infrastructure and soil remediation, and liquid waste management services. Its solid waste management business line includes the collection, transportation, transfer, recycling, and disposal of non-hazardous solid waste for municipal, residential, and commercial and industrial customers. The company's infrastructure and soil remediation business line provides remediation of contaminated soils, as well as complementary services, including civil, demolition, and excavation and shoring services. Its liquid waste management business collects, manages, transports, processes, and disposes of a range of industrial and commercial liquid wastes, as well as resells liquid waste products. The company was incorporated in 2007 and is headquartered in Vaughan, Canada.Show more
  • Revenue$6.62B+7.8%
  • EBITDA$1.66B-7.2%
  • Net Income$3.83B+630.5%
  • EPS (Diluted)9.99+573.5%
  • Gross Margin20.67%+12.4%
  • EBITDA Margin25.12%-13.9%
  • Operating Margin5.23%+44.1%
  • Net Margin57.95%+592.3%
  • ROE52.14%+626.9%

GFL Price & Volume

GFL Environmental Inc. (GFL) stock price & volume — 10-year historical chart

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Aggressive Inorganic Growth Masks Structural Margin Volatility

Investment Thesis • Updated 2026Q1

VerdictNegative
Growth:Mixed
Profitability:Strained
Financial:Strained
Cash Flow:Mixed
Primary Risk:High acquisition integration volatility

Key Thesis Takeaways

  • GFL Environmental pursues an aggressive roll-up strategy that has resulted in significant top-line volatility and inconsistent profitability, as evidenced by revenue growth fluctuations ranging from a 15.1% decline to a 9.0% increase.
  • While the company continues to scale through acquisitions, the reliance on debt-financed expansion has left the balance sheet with a 1.33 debt-to-equity ratio and a heavy $7.0 billion goodwill concentration.
  • Investors should remain cautious as the company struggles to convert its $1.6 billion quarterly revenue into stable free cash flow, which recently swung to a $228.3 million deficit in 2026Q1.

Verdict Logic

the company's high capital intensity, evidenced by CapEx reaching 23.6% of revenue in 2026Q1, combined with a precarious liquidity profile and inconsistent earnings, warrants a cautious stance.

GFL Growth Metrics

GFL Environmental Inc. (GFL) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years-
5 Years9.53%
3 Years-0.72%
TTM0.27%

Profit CAGR

10 Years-
5 Years-
3 Years-
TTM-92.7%

EPS CAGR

10 Years-
5 Years-
3 Years-
TTM-94.2%

Return on Capital

10 Years0.26%
5 Years0.85%
3 Years1.56%
Last Year1.96%

GFL Recent Earnings

GFL Environmental Inc. (GFL) EPS & revenue vs analyst estimates — last 4 quarters

Full history →
●Beat EPS 7/12 qtrs (58%)●Beat Revenue 7/12 qtrs (58%)
Q2 2026Latest
Apr 29, 2026
Metric
Actual
Est
EPS
$0.06+20.0%
$0.05
Rev
$1.2B+1.0%
$1.2B
Q1 2026
Feb 11, 2026
Metric
Actual
Est
EPS
$0.26+85.7%
$0.14
Rev
$1.2B+1.2%
$1.2B
Q4 2025
Nov 5, 2025
Metric
Actual
Est
EPS
$0.17-10.5%
$0.19
Rev
$1.2B-27.1%
$1.7B
Q3 2025
Jul 30, 2025
Metric
Actual
Est
EPS
$0.19+0.0%
$0.19
Rev
$1.2B-27.2%
$1.7B
QuarterDateEPS (Act vs Est)Revenue (Act vs Est)
Q2 2026LatestApr 29, 2026
$0.06vs $0.05+20.0%
$1.2Bvs $1.2B+1.0%
Q1 2026Feb 11, 2026
$0.26vs $0.14+85.7%
$1.2Bvs $1.2B+1.2%
Q4 2025Nov 5, 2025
$0.17vs $0.19-10.5%
$1.2Bvs $1.7B-27.1%
Q3 2025Jul 30, 2025
$0.19vs $0.19+0.0%
$1.2Bvs $1.7B-27.2%
Based on last 12 quarters of dataView full earnings history →

Latest GFL News

Recent stock market news and headlines for GFL Environmental Inc. (GFL)

PRNewsWire·Jun 25, 2026
GFL Environmental Joins the Russell 1000® and Russell 3000® Indices

MIAMI BEACH, FL, June 25, 2026 /PRNewswire/ - GFL Environmental Inc. (NYSE: GFL) (TSX: GFL) ("GFL" or the "Company") today announced that it has been added as a member of the U.S. large-cap Russell 1000® Index and the broad-market Russell 3000® Index, effective as at the opening of the U.S. equity markets on June 29, 2026. The inclusion comes as part of the 2026 Russell Index Reconstitution, which captures the 4,000 largest U.S. stocks ranked by total market capitalization.

PRNewsWire·Jun 23, 2026
GFL Environmental Inc. Prices Private Offering of Senior Notes

MIAMI BEACH, FL, June 23, 2026 /PRNewswire/ - GFL Environmental Inc. (NYSE: GFL) (TSX: GFL) ("GFL" or the "Company") today announced the pricing of US$750 million in aggregate principal amount of senior notes due 2031 (the "Notes"), with a stated coupon of 5.625% or approximately 4.500% after giving effect to cross currency interest rate swaps the Company intends to enter into (the "Notes Offering"). The Notes will be issued by a U.S. wholly owned subsidiary of GFL and will be guaranteed by GFL and certain of its other subsidiaries.

PRNewsWire·Jun 22, 2026
GFL Environmental Inc. Announces Proposed Private Offering of Senior Notes

MIAMI BEACH, FL, June 22, 2026 /PRNewswire/ - GFL Environmental Inc. (NYSE: GFL) (TSX: GFL) ("GFL" or the "Company") today announced that it is planning to commence, subject to market and other conditions, a private offering (the "Notes Offering") of US$750 million in aggregate principal amount of senior notes due 2031 (the "Notes"). The Notes will be issued by a U.S. wholly owned subsidiary of GFL and will be guaranteed by GFL and certain of its other subsidiaries.

Peers Comparison

Key metrics vs top competitors for GFL Environmental Inc. (GFL)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
GFL logoGFLGFL Environmental Inc.Current
$41.51$14.37B5.917.77%57.95%52.14%0.14%
WM logoWMWaste Management, Inc.
$237.21$95.68B35.4014.24%10.99%28.85%—
RSG logoRSGRepublic Services, Inc.
$222.46$68.44B32.483.49%12.99%18.12%—
WCN logoWCNWaste Connections, Inc.
$172.93$44.07B41.376.55%10.97%12.93%—
CWST logoCWSTCasella Waste Systems, Inc.
$99.01$6.2B825.0817.95%0.38%0.46%—
CLH logoCLHClean Harbors, Inc.
$297.93$15.88B40.922.39%6.53%14.37%—

Compare GFL vs Peers

GFL Environmental Inc. (GFL) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs WM

Most directly comparable listed peer for GFL.

Scale Benchmark

vs RSG

Larger-name benchmark to compare GFL against a more recognizable public peer.

Peer Set

Compare Top 5

vs WM, RSG, WCN, CWST

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GFL Frequently Asked Questions

GFL Environmental Inc. (GFL) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
What is GFL Environmental Inc.'s revenue?

GFL Environmental Inc. (GFL) reported $6.70B in revenue for fiscal year 2025. This represents a 403% increase from $1.33B in 2017.

How fast is GFL Environmental Inc. growing?

GFL Environmental Inc. (GFL) grew revenue by 7.8% over the past year. This is steady growth.

Is GFL profitable?

Yes, GFL Environmental Inc. (GFL) is profitable, generating $208.8M in net income for fiscal year 2025 (58.0% net margin).

Dividend & Returns
Does GFL pay dividends?

Yes, GFL Environmental Inc. (GFL) pays a dividend with a yield of 0.14%. This makes it attractive for income-focused investors.

What is GFL's return on equity?

GFL Environmental Inc. (GFL) has a return on equity (ROE) of 52.1%. This is excellent, indicating efficient use of shareholder capital.

What is GFL Environmental Inc.'s free cash flow?

GFL Environmental Inc. (GFL) generated $87.4M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

What if you invested $1,000 in GFL back in 2017?

Total return calculator · dividends reinvested · 9+ years of data

See returns →