Clean Harbors, Inc.

CLH Industrials Waste Management

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%
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
Dec '16 Dec '17 Dec '18 Dec '19 Dec '20 Dec '21 Dec '22 Dec '23 Dec '24 Dec '25
P/E ratio
0.00 30.15 42.18 49.00 31.19 26.75 14.97 24.41 30.85 32.08
Piotroski F-Score
5 9 7 6 8 6 8 5 6 7
P/S ratio
1.16 1.03 0.84 1.40 1.34 1.43 1.19 1.71 2.11 2.08
Altman Z-Score
1.96 2.11 2.16 2.51 2.46 2.13 2.63 3.15 3.31 3.37
P/FCF ratio
56.68 25.04 14.45 23.40 17.45 17.01 21.42 28.90 35.95 27.29
Altman Z″-Score (non-manufacturers)
2.12 2.47 2.50 2.59 3.09 2.42 3.10 3.26 3.40 3.66
Beneish M-Score
(2.92) (2.66) (2.72) (2.74) (2.89) (2.35) (2.40) (2.70) (2.65) (2.78)
P/Operating CF
39.70 47.41 21.99 37.26 37.31 30.59 22.95 33.09 40.81 35.33
P/B ratio
2.96 2.56 2.37 3.77 3.15 3.59 3.21 4.11 4.82 4.57
Price to Tangible BV
26.65 12.66 12.97 14.70 9.87 0.00 112.83 25.85 31.46 20.45
EV/Sales
1.65 1.47 1.23 1.74 1.66 1.95 1.56 2.03 2.45 2.38
EV/EBITDA
11.23 10.06 8.21 10.91 9.32 11.24 8.02 11.01 13.20 12.60
EV/Operating CF
17.46 15.11 10.89 14.37 12.10 13.62 12.84 14.94 18.52 16.58
EV/FCF
80.11 35.49 21.20 29.01 21.53 23.26 27.91 34.39 41.74 31.26
Quick Ratio
1.66 1.83 1.56 1.55 1.95 1.54 1.59 1.58 1.78 1.90
Current Ratio
2.17 2.29 2.00 1.95 2.40 1.88 1.99 1.98 2.21 2.33
Net Debt/EBITDA
3.28 2.96 2.61 2.11 1.76 3.02 1.87 1.76 1.83 1.60
Debt/Assets
44.36% 43.96% 42.07% 38.01% 37.69% 44.83% 39.56% 36.06% 37.77% 36.41%
Debt/Equity
1.51 1.37 1.34 1.23 1.16 1.67 1.26 1.02 1.08 1.01
Asset Turnover
0.77 0.80 0.89 0.87 0.76 0.78 0.88 0.86 0.86 0.80
Operating CF/Net income
(6.51) 2.84 5.69 4.23 3.19 2.69 1.52 1.94 1.93 2.22
Capex/Depreciation
(0.60) (0.53) (0.57) (0.66) (0.61) (0.71) (0.92) (1.08) (1.03) (0.87)
Interest Coverage
0.83 1.49 2.25 2.92 3.44 4.48 5.90 5.64 4.97 4.71
ROE
(3.66%) 8.87% 5.57% 8.01% 10.33% 14.24% 23.97% 18.12% 16.69% 14.70%
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%
Return on Tangible Assets
(1.81%) 4.50% 3.04% 4.31% 5.58% 7.59% 13.75% 11.78% 10.65% 9.65%
Average Days of Receivables
70.53 70.01 73.19 74.99 77.46 85.14 75.71 73.62 72.97 72.93
Research and Development Expense of Revenue
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Selling, General and Administrative Expense of Revenue
15.32% 15.51% 15.26% 14.19% 14.35% 14.14% 12.14% 12.41% 12.56% 12.48%
Intangible Assets out of Total Assets
0.26 0.26 0.26 0.23 0.22 0.33 0.30 0.30 0.30 0.28
Share Based Compensation of Revenue
0.38% 0.45% 0.51% 0.52% 0.59% 0.50% 0.52% 0.38% 0.48% 0.54%
Graham Net Nets
(0.47) (0.45) (0.49) (0.30) (0.30) (0.44) (0.35) (0.23) (0.19) (0.18)
Graham Number
0.00 28.79 23.42 29.92 36.44 48.28 77.86 80.85 89.52 91.87
Earnings Yield
(1.24%) 3.32% 2.37% 2.04% 3.21% 3.74% 6.68% 4.10% 3.24% 3.12%
Free Cash Flow Yield
1.76% 3.99% 6.92% 4.27% 5.73% 5.88% 4.67% 3.46% 2.78% 3.66%
Revenue per Share
47.89 51.60 58.78 61.10 56.67 69.81 95.28 100.04 109.27 112.71
Operating CF per Share
4.51 5.01 6.65 7.40 7.76 10.02 11.55 13.59 14.43 16.20
Capex per Share
(3.50) (2.80) (3.17) (3.73) (3.40) (4.10) (6.24) (7.68) (8.03) (7.61)
Free Cash Flow per Share
1.01 2.20 3.48 3.66 4.36 5.92 5.31 5.90 6.40 8.59
Cash per Share
5.34 6.27 4.98 7.42 10.29 9.80 10.23 10.19 14.65 17.82
Shareholders Equity per Share
18.85 20.82 20.83 22.74 24.18 27.77 35.45 41.57 47.74 51.31
Interest Debt per Share
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Book value per Share
18.85 20.82 20.83 22.74 24.18 27.77 35.45 41.57 47.74 51.31
Free Cash Flow
58.23 125.82 195.31 204.62 241.94 322.45 287.97 319.25 345.02 459.73
Working Capital
588.20 650.24 599.88 680.81 889.58 815.86 1,013.67 1,014.68 1,331.13 1,510.40
Capital Expenditures
(201.40) (159.88) (177.90) (208.57) (188.66) (223.55) (338.24) (415.30) (432.75) (407.00)
Net Current Asset Value
(1,504.81) (1,364.31) (1,366.41) (1,438.18) (1,264.25) (2,398.64) (2,173.62) (2,083.14) (2,369.95) (2,231.15)
EV/EBIT
65.55 33.79 22.26 25.87 20.72 21.38 12.66 17.92 21.49 21.34
Capex to Sales
0.07 0.05 0.05 0.06 0.06 0.06 0.07 0.08 0.07 0.07
Price to Operating Income
46.38 23.83 15.18 20.87 16.80 15.63 9.72 15.07 18.51 18.63
Other line items
Depreciation/Fixed assets
0.21 0.19 0.20 0.20 0.20 0.17 0.19 0.18 0.17 0.18
Cash ROIC
1.93% 3.96% 6.46% 6.30% 6.97% 7.04% 5.87% 6.26% 5.61% 7.10%
Accounts Receivable Turnover
5.23 5.37 5.38 5.01 4.60 4.89 5.27 5.00 5.19 5.06
Accounts Payable Turnover
8.21 9.09 9.21 8.31 8.65 9.39 8.79 8.34 8.66 8.34
Inventory Turnover
11.79 11.64 12.28 11.53 9.82 11.08 12.31 11.48 11.42 10.95
Average Days of Payables
43.35 39.68 43.77 45.61 33.44 50.33 46.00 44.02 43.75 44.61
Days of Inventory on Hand
33.69 31.15 31.58 32.83 37.65 35.06 33.47 31.91 34.53 32.77
Average Receivables
527.18 548.63 613.30 681.41 684.14 777.46 979.66 1,081.29 1,134.27 1,191.30
Average Payables
235.36 226.88 250.35 287.42 247.13 277.87 403.25 449.22 469.55 496.94
Average Inventory
163.97 177.22 187.75 207.11 217.62 235.60 287.84 326.25 356.08 378.37
Average Assets
3,556.67 3,694.25 3,722.45 3,923.61 4,120.21 4,892.61 5,891.70 6,256.29 6,880.07 7,500.67
Average Common Equity
1,090.26 1,136.22 1,178.98 1,219.78 1,305.68 1,427.72 1,718.10 2,084.91 2,410.52 2,659.59

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