| Nov 25 | Feb 26 | May 26 | Aug 26 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Buy | — | — | — | — | — | — | — | 1 | — | — | — | — |
| Sell | — | — | 1 | — | 5 | 4 | — | 1 | — | — | 2 | — |
| total | individual payouts | |
|---|---|---|
| 2025 | ‡‡‡ |
|
| 2024 | ‡‡‡ |
|
| 2023 | ‡‡‡ |
|
| 2022 | ‡‡‡ |
|
| 2021 | ‡‡‡ |
|
| 2020 | ‡‡‡ |
|
| 2019 | ‡‡‡ |
|
| 2017 | ‡‡‡ |
|
| 2023 | 2024 | 2025 | Q'26 | |
|---|---|---|---|---|
| Cash | 550.80 | 789.83 | 953.68 | 516.72 |
| Receivables | 1,090.97 | 1,177.57 | 1,205.03 | 1,463.38 |
| Inventory | 327.51 | 384.66 | 372.09 | 382.94 |
| Other | — | — | — | — |
| 2,052.22 | 2,433.80 | 2,647.24 | 2,472.24 |
| 2023 | 2024 | 2025 | Q'26 | |
|---|---|---|---|---|
| Payables | 451.81 | 487.29 | 506.59 | 518.19 |
| ST’ Debt | 10.00 | 15.10 | 12.60 | 12.60 |
| Other | 26.91 | 20.63 | 19.11 | 22.77 |
| 1,037.54 | 1,102.67 | 1,136.85 | 1,160.32 |
| 10y | 5y | 3y | |
| Sales | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
| Cash Flow | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
| Earnings | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
| Book Value | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
| Mar | Jun | Sep | Dec | Year | |
|---|---|---|---|---|---|
| ’26 | 1,459.54 | 1,735.01 | — | — |
—
|
| ’25 | 1,431.95 | 1,549.85 | 1,549.34 | 1,499.70 |
6,030.84
|
| ’24 | 1,376.70 | 1,552.72 | 1,529.42 | 1,431.12 |
5,889.95
|
| ’23 | 1,307.39 | 1,397.90 | 1,365.70 | 1,338.17 |
5,409.15
|
| ’22 | 1,169.11 | 1,356.31 | 1,363.09 | 1,278.10 |
5,166.61
|
| ’21 | 808.15 | 926.46 | 951.48 | 1,119.48 |
3,805.57
|
| ’20 | 858.56 | 710.00 | 779.34 | 796.19 |
3,144.10
|
| Mar | Jun | Sep | Dec | Year | |
|---|---|---|---|---|---|
| ’26 | 6.30 | 239.17 | — | — |
—
|
| ’25 | 1.61 | 208.04 | 301.99 | 355.09 |
866.73
|
| ’24 | 18.55 | 216.05 | 239.24 | 303.94 |
777.77
|
| ’23 | 28.01 | 207.57 | 220.12 | 278.86 |
734.55
|
| ’22 | (38.63) | 170.60 | 225.57 | 268.67 |
626.21
|
| ’21 | 103.00 | 162.43 | 102.79 | 177.77 |
546.00
|
| ’20 | 33.68 | 139.81 | 143.95 | 113.17 |
430.60
|
| Mar | Jun | Sep | Dec | Year | |
|---|---|---|---|---|---|
| ’26 | (90.78) | 114.32 | — | — |
—
|
| ’25 | (115.99) | 120.20 | 217.98 | 237.54 |
459.73
|
| ’24 | (118.89) | 82.89 | 143.82 | 237.21 |
345.02
|
| ’23 | (52.16) | 85.26 | (3.79) | 289.93 |
319.25
|
| ’22 | (107.94) | 94.05 | 58.43 | 243.43 |
287.97
|
| ’21 | 61.79 | 113.39 | 60.16 | 84.45 |
322.45
|
| ’20 | (47.38) | 97.01 | 122.90 | 69.42 |
241.94
|
| 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
|
| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 81.56 | 110.96 | 161.39 | 178.29 | — | — | — |
Low Price
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡‡ | 125.41 | 179.49 | 267.11 | 251.43 | — | — | — |
High Price
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 19,775 | 21,021 | 22,796 | 22,155 | — | — | — |
Employees
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 0.26 | 0.26 | 0.26 | 0.27 | — | — | — |
Revenue/Emp
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 5,166.61 | 5,409.15 | 5,889.95 | 6,030.84 | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
Revenue
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 31.41% | 30.74% | 30.97% | 31.28% | — | — | — |
Gross Margin
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 538.00 | 503.28 | 533.44 | 527.97 | ‡‡‡‡‡ | — | — |
EBT
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 10.41% | 9.30% | 9.06% | 8.75% | ‡‡‡ | ‡‡‡ | ‡‡‡ |
EBT Margin
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 411.74 | 377.86 | 402.30 | 390.97 | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
Net Income
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 366.84 | 384.74 | 420.70 | 466.65 | — | — | — |
Depreciation
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 95.28 | 100.04 | 109.27 | 112.71 | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
Revenue/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ | 7.59 | 6.99 | 7.46 | 7.31 | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
Earnings/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 11.55 | 13.59 | 14.43 | 16.20 | ‡‡‡‡ | — | — |
Cash Flow/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (6.24) | (7.68) | (8.03) | (7.61) | ‡‡‡ | ‡‡‡ | ‡‡‡ |
Capex/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 5.31 | 5.90 | 6.40 | 8.59 | — | — | — |
Free CF/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 35.45 | 41.57 | 47.74 | 51.31 | ‡‡‡‡‡ | — | — |
Book Value/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 54.22 | 54.07 | 53.90 | 53.51 | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
Shares
|
| ‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 14.97 | 24.41 | 30.85 | 32.08 | ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ |
PE Ratio
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 1.19 | 1.71 | 2.11 | 2.08 | ‡‡‡ | ‡‡‡ | ‡‡‡ |
PS Ratio
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 3.21 | 4.11 | 4.82 | 4.57 | ‡‡‡ | ‡‡‡ | ‡‡‡ |
PB Ratio
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 1.56 | 2.03 | 2.45 | 2.38 | ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ |
EV/Sales
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 27.91 | 34.39 | 41.74 | 31.26 | — | — | — |
EV/FCF
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 626.21 | 734.55 | 777.77 | 866.73 | ‡‡‡ | ‡‡‡ | ‡‡‡ |
Op' Cash Flow
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (338.24) | (415.30) | (432.75) | (407.00) | ‡‡‡‡‡ | ‡‡‡‡‡ | — |
Capex
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 287.97 | 319.25 | 345.02 | 459.73 | ‡‡‡‡‡ | — | — |
FCF
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 1,013.67 | 1,014.68 | 1,331.13 | 1,510.40 | — | — | — |
Working Cap'
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 2,424.83 | 2,301.72 | 2,786.22 | 2,776.16 | — | — | — |
Total Debt
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 1,870.19 | 1,750.92 | 1,996.39 | 1,822.49 | — | — | — |
Net Debt
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 1,922.32 | 2,247.51 | 2,573.53 | 2,745.66 | — | — | — |
Sh' Equity
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 6.99% | 6.04% | 5.85% | 5.21% | ‡‡‡‡‡ | — | — |
ROA
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 10.46% | 9.57% | 9.17% | 9.21% | — | — | — |
ROIC
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 23.97% | 18.12% | 16.69% | 14.70% | ‡‡‡‡‡ | — | — |
ROE
|
Clean Harbors (CLH) has staged an impressive turnaround, surging revenue from $2.76 billion in 2016 to $5.89 billion in 2024 at an 11.5% CAGR, fueled by acquisitions, operational scaling, and a robust rebound from the 2020 COVID dip. Profitability has strengthened markedly, with EBT margins climbing to 9.1%, ROE at 16.7%, and free cash flow per share exploding 532% to $6.40, underpinned by a moat in specialized waste management and projected EPS growth to $9.13 by 2027 amid ESG and regulatory tailwinds.
Yet, contrarian red flags abound: debt has doubled to $2.79 billion, leverage ratios like EV/FCF at 42x signal strain from heavy capex, and margins show signs of compression amid labor costs and compliance pressures. Insider selling has been torrential—$37.9 million in sells versus just $668,000 in buys over the past year—correlating with stock highs near $267, as executives cash out post-synergies.
Trading at a stretched 31x trailing PE with analysts clustered around flat returns (up to 8% upside or 16% downside), CLH’s quality growth meets mounting perils from macro risks, refi challenges, and diminishing returns—priming the stock for volatility and a potential reality check. Dive deeper to uncover if momentum endures or cracks widen.
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