Saturday 17 October 2026 Export CLH’s income statement to Excel — free account

Clean Harbors, Inc.

Clean Harbors, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $6.0 billion, up 2.39% from fiscal 2024. In the quarter to June 2026, revenue grew 12.0%, EPS grew 36.3%, free cash flow fell 4.89% and total debt was flat, each against the same quarter a year earlier. Revenue growth for five consecutive years, operating cash flow growth for five; insiders bought in the last twelve months.

320.06 0.28 +0.09%

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Market cap: $16.9B
P/E: 38.7×
Fwd P/E: 33.3×
Dividend yield: —
F-score: 7/9
Altman Z: 3.37
Beneish M: −2.78
Dividend safety: n/a

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total buys 0.14

Total sells 63.40

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	1	—	—	—	—	—
Sell	—	1	—	5	4	—	1	—	—	2	—	—

Insider Ownership 5.16%

Capital & Financial Ratios $m

Market Cap 16,880.00

Revenue 6,243.58

Net Income 439.05

Free Cash Flow 479.06

Net Debt 2,255.21

Current Ratio 2.13

Debt/Equity 0.95

P/E ratio 38.65

Fwd P/E 33.30

P/S ratio 2.71

P/B ratio 5.77

Past 5Y EPS Growth 24.64%

This Y EPS Growth 38.03%

Next Y EPS Growth 1.82%

Next Y revenue growth 8.69%

Next 5Y EPS Growth 16.46%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/E against its own 10 years 74.44%

10-year low 10-year high

P/S against its own 10 years 99.52%

10-year low 10-year high

P/B against its own 10 years 98.97%

10-year low 10-year high

EV/Sales against its own 10 years 99.56%

10-year low 10-year high

EV/FCF against its own 10 years 67.82%

10-year low 10-year high

Dividends

Payout Ratio —

Annual Dividend Rate —

Annual Dividend Yield —

	total	individual payouts
2025	Powerpack
2024	Powerpack
2023	Powerpack
2022	Powerpack
2021	Powerpack
2020	Powerpack
2019	Powerpack
2017	Powerpack

predictions special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	551	790	954	517
Receivables	1,091	1,178	1,205	1,463
Inventory	328	385	372	383
Other	—	—	—	—
	2,052	2,434	2,647	2,472

	2023	2024	2025	Q'26
Payables	452	487	507	518
ST’ Debt	10	15	13	13
Other	27	21	19	23
	1,038	1,103	1,137	1,160

Compound Annual Growth %

	10y	5y	3y
Sales	6.30%	13.91%	5.29%
Cash Flow	8.14%	15.02%	11.44%
Earnings	24.39%	23.73%	(1.71%)
Book Value	9.62%	15.40%	12.62%

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	1,460	1,735	—	—	—
’25	1,432	1,550	1,549	1,500	6,031
’24	1,377	1,553	1,529	1,431	5,890
’23	1,307	1,398	1,366	1,338	5,409
’22	1,169	1,356	1,363	1,278	5,167
’21	808	926	951	1,119	3,806
’20	859	710	779	796	3,144

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	6	239	—	—	—
’25	2	208	302	355	867
’24	19	216	239	304	778
’23	28	208	220	279	735
’22	(39)	171	226	269	626
’21	103	162	103	178	546
’20	34	140	144	113	431

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	(91)	114	—	—	—
’25	(116)	120	218	238	460
’24	(119)	83	144	237	345
’23	(52)	85	(4)	290	319
’22	(108)	94	58	243	288
’21	62	113	60	84	322
’20	(47)	97	123	69	242

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	1.19	3.22	—	—	—
’25	1.09	2.36	2.21	1.62	7.28
’24	1.29	2.46	2.12	1.55	7.42
’23	1.33	2.13	1.68	1.81	6.95
’22	0.83	2.71	2.50	1.52	7.56
’21	0.39	1.22	1.20	0.90	3.71
’20	0.21	0.52	0.99	0.71	2.42

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	37.09	49.63	44.75	48.13	29.45	73.69	81.56	110.96	161.39	178.29	Analyst estimates 2026–2028 Powerpack
	High	58.23	61.62	72.50	88.01	88.40	118.89	125.41	179.49	267.11	251.43
People
People	Employees	12,400	12,700	14,200	14,400	13,500	18,300	19,775	21,021	22,796	22,155
	Revenue/emp, $m	0.22	0.23	0.23	0.24	0.23	0.21	0.26	0.26	0.26	0.27
Income, $m
Income, $m	Revenue	2,755	2,945	3,300	3,412	3,144	3,806	5,167	5,409	5,890	6,031
	Gross margin, %	29.85	29.96	30.14	30.02	32.01	31.42	31.41	30.74	30.97	31.28
	EBT	9	59	94	148	175	270	538	503	533	528
	EBT margin, %	0.32	1.99	2.86	4.34	5.55	7.09	10.41	9.30	9.06	8.75
	Net income	(40)	101	66	98	135	203	412	378	402	391
	Depreciation	335	301	312	315	308	314	367	385	421	467
Per share, $
Per share, $	Revenue	47.89	51.60	58.78	61.10	56.67	69.81	95.28	100.04	109.27	112.71
	Earnings	(0.69)	1.77	1.17	1.75	2.43	3.73	7.59	6.99	7.46	7.31
	Cash flow	4.51	5.01	6.65	7.40	7.76	10.02	11.55	13.59	14.43	16.20
	Capex	(3.50)	(2.80)	(3.17)	(3.73)	(3.40)	(4.10)	(6.24)	(7.68)	(8.03)	(7.61)
	Free cash flow	1.01	2.20	3.48	3.66	4.36	5.92	5.31	5.90	6.40	8.59
	Book value	18.85	20.82	20.83	22.74	24.18	27.77	35.45	41.57	47.74	51.31
	Shares, m	58	57	56	56	55	55	54	54	54	54
Valuation, ×
Valuation, ×	P/E	0.00	30.15	42.18	49.00	31.19	26.75	14.97	24.41	30.85	32.08
	P/S	1.16	1.03	0.84	1.40	1.34	1.43	1.19	1.71	2.11	2.08
	P/B	2.96	2.56	2.37	3.77	3.15	3.59	3.21	4.11	4.82	4.57
	EV/Sales	1.65	1.47	1.23	1.74	1.66	1.95	1.56	2.03	2.45	2.38
	EV/FCF	80.11	35.49	21.20	29.01	21.53	23.26	27.91	34.39	41.74	31.26
Cash, $m
Cash, $m	Operating cash flow	260	286	373	413	431	546	626	735	778	867
	Capex	(201)	(160)	(178)	(209)	(189)	(224)	(338)	(415)	(433)	(407)
	Free cash flow	58	126	195	205	242	322	288	319	345	460
Balance, $m
Balance, $m	Working capital	588	650	600	681	890	816	1,014	1,015	1,331	1,510
	Total debt	1,633	1,630	1,573	1,562	1,557	2,535	2,425	2,302	2,786	2,776
	Net debt	1,326	1,272	1,293	1,147	986	2,000	1,870	1,751	1,996	1,822
	Shareholders’ equity	1,084	1,188	1,170	1,270	1,342	1,514	1,922	2,248	2,574	2,746
Returns, %
Returns, %	ROA	(1.12)	2.73	1.76	2.49	3.27	4.15	6.99	6.04	5.85	5.21
	ROIC	1.79	3.25	4.63	5.93	6.75	6.19	10.46	9.57	9.17	9.21
	ROE	(3.66)	8.87	5.57	8.01	10.33	14.24	23.97	18.12	16.69	14.70

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
WM Waste Management, Inc.	$89.6B	32.0×	27.0×	+3.95% (above 0%: growing)	+8.89% (above 0%: growing)	+34.81% (above 0%: growing)	40.83%	18.75%	Compare
RSG Republic Services, Inc.	$70.3B	32.8×	28.9×	+4.60% (above 0%: growing)	+4.55% (above 0%: growing)	+8.20% (above 0%: growing)	42.14%	20.34%	Compare
WCN Waste Connections, Inc.	$41.7B	40.3×	33.5×	+6.42% (above 0%: growing)	+4.46% (above 0%: growing)	+6.63% (above 0%: growing)	42.25%	17.08%	Compare
GFL GFL Environmental Inc.	$19.0B	— (loss-making)	— (loss-making)	+16.16% (above 0%: growing)	n/m	+557.08% (above 0%: growing)	19.81%	5.58%	Compare
CLH Clean Harbors, Inc.	$16.9B	38.7×	33.3×	+11.95% (above 0%: growing)	+36.29% (above 0%: growing)	−4.89% (below 0%: shrinking)	35.09%	15.50%
CWST Casella Waste Systems, Inc.	$5.5B	978×	559×	+16.85% (above 0%: growing)	−25.00% (below 0%: shrinking)	+14.24% (above 0%: growing)	32.88%	3.67%	Compare
ONT Onterris, Inc.	$494.1M	— (loss-making)	123×	−20.42% (below 0%: shrinking)	−91.67% (below 0%: shrinking)	−96.15% (below 0%: shrinking)	44.07%	3.46%	Compare
PESI Perma-Fix Environmental Services, Inc.	$282.0M	— (loss-making)	— (loss-making)	−11.66% (below 0%: shrinking)	n/m	−156.46% (below 0%: shrinking)	(19.43%)	(50.50%)	Compare
ABAT American Battery Technology Company	$225.5M	— (loss-making)	— (loss-making)	+196.60% (above 0%: growing)	n/m	−32.23% (below 0%: shrinking)	15.66%	(246.50%)	Compare
Median of peers	$12.2B	36.5×	33.5×	+5.51%	+4.46%	+7.42%	36.86%	4.63%

All 20 Waste Management stocks →

Clean Harbors, Inc. (CLH) key facts

Concern: Net income was $391.0 million, or $7.31 per share (basic), a net margin of 6.48%.
Strength: Clean Harbors, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $6.0 billion, up 2.39% from fiscal 2024.
Clean Harbors, Inc. (CLH) is a Waste Management company in the Industrials sector, listed on the New York Stock Exchange.
As of October 16, 2026, CLH traded at $320.06, a market capitalization of $16.9 billion.
At that price the stock trades at 38.7× trailing-twelve-month earnings and 2.7× sales; its P/E is higher than 74% of its own readings over the past ten years.
Return on equity was 14.7% and debt-to-equity 0.95.
Its Piotroski F-score is 7 out of 9 and its Altman Z-score is 3.37 (safe zone) for fiscal 2025.