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 '25 Dec '24 Dec '23 Dec '22 Dec '21 Dec '20 Dec '19 Dec '18 Dec '17 Dec '16
P/E ratio
32.08 30.85 24.41 14.97 26.75 31.19 49.00 42.18 30.15 0.00
Piotroski F-Score
7 6 5 8 6 8 6 7 9 5
P/S ratio
2.08 2.11 1.71 1.19 1.43 1.34 1.40 0.84 1.03 1.16
Altman Z-Score
3.37 3.31 3.15 2.63 2.13 2.46 2.51 2.16 2.11 1.96
P/FCF ratio
27.29 35.95 28.90 21.42 17.01 17.45 23.40 14.45 25.04 56.68
Altman Z″-Score (non-manufacturers)
3.66 3.40 3.26 3.10 2.42 3.09 2.59 2.50 2.47 2.12
Beneish M-Score
(2.78) (2.65) (2.70) (2.40) (2.35) (2.89) (2.74) (2.72) (2.66) (2.92)
P/Operating CF
35.33 40.81 33.09 22.95 30.59 37.31 37.26 21.99 47.41 39.70
P/B ratio
4.57 4.82 4.11 3.21 3.59 3.15 3.77 2.37 2.56 2.96
Price to Tangible BV
20.45 31.46 25.85 112.83 0.00 9.87 14.70 12.97 12.66 26.65
EV/Sales
2.38 2.45 2.03 1.56 1.95 1.66 1.74 1.23 1.47 1.65
EV/EBITDA
12.60 13.20 11.01 8.02 11.24 9.32 10.91 8.21 10.06 11.23
EV/Operating CF
16.58 18.52 14.94 12.84 13.62 12.10 14.37 10.89 15.11 17.46
EV/FCF
31.26 41.74 34.39 27.91 23.26 21.53 29.01 21.20 35.49 80.11
Quick Ratio
1.90 1.78 1.58 1.59 1.54 1.95 1.55 1.56 1.83 1.66
Current Ratio
2.33 2.21 1.98 1.99 1.88 2.40 1.95 2.00 2.29 2.17
Net Debt/EBITDA
1.60 1.83 1.76 1.87 3.02 1.76 2.11 2.61 2.96 3.28
Debt/Assets
36.41% 37.77% 36.06% 39.56% 44.83% 37.69% 38.01% 42.07% 43.96% 44.36%
Debt/Equity
1.01 1.08 1.02 1.26 1.67 1.16 1.23 1.34 1.37 1.51
Asset Turnover
0.80 0.86 0.86 0.88 0.78 0.76 0.87 0.89 0.80 0.77
Operating CF/Net income
2.22 1.93 1.94 1.52 2.69 3.19 4.23 5.69 2.84 (6.51)
Capex/Depreciation
(0.87) (1.03) (1.08) (0.92) (0.71) (0.61) (0.66) (0.57) (0.53) (0.60)
Interest Coverage
4.71 4.97 5.64 5.90 4.48 3.44 2.92 2.25 1.49 0.83
ROE
14.70% 16.69% 18.12% 23.97% 14.24% 10.33% 8.01% 5.57% 8.87% (3.66%)
ROA
5.21% 5.85% 6.04% 6.99% 4.15% 3.27% 2.49% 1.76% 2.73% (1.12%)
ROIC
9.21% 9.17% 9.57% 10.46% 6.19% 6.75% 5.93% 4.63% 3.25% 1.79%
Return on Tangible Assets
9.65% 10.65% 11.78% 13.75% 7.59% 5.58% 4.31% 3.04% 4.50% (1.81%)
Average Days of Receivables
72.93 72.97 73.62 75.71 85.14 77.46 74.99 73.19 70.01 70.53
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
12.48% 12.56% 12.41% 12.14% 14.14% 14.35% 14.19% 15.26% 15.51% 15.32%
Intangible Assets out of Total Assets
0.28 0.30 0.30 0.30 0.33 0.22 0.23 0.26 0.26 0.26
Share Based Compensation of Revenue
0.54% 0.48% 0.38% 0.52% 0.50% 0.59% 0.52% 0.51% 0.45% 0.38%
Graham Net Nets
(0.18) (0.19) (0.23) (0.35) (0.44) (0.30) (0.30) (0.49) (0.45) (0.47)
Graham Number
91.87 89.52 80.85 77.86 48.28 36.44 29.92 23.42 28.79 0.00
Earnings Yield
3.12% 3.24% 4.10% 6.68% 3.74% 3.21% 2.04% 2.37% 3.32% (1.24%)
Free Cash Flow Yield
3.66% 2.78% 3.46% 4.67% 5.88% 5.73% 4.27% 6.92% 3.99% 1.76%
Revenue per Share
112.71 109.27 100.04 95.28 69.81 56.67 61.10 58.78 51.60 47.89
Operating CF per Share
16.20 14.43 13.59 11.55 10.02 7.76 7.40 6.65 5.01 4.51
Capex per Share
(7.61) (8.03) (7.68) (6.24) (4.10) (3.40) (3.73) (3.17) (2.80) (3.50)
Free Cash Flow per Share
8.59 6.40 5.90 5.31 5.92 4.36 3.66 3.48 2.20 1.01
Cash per Share
17.82 14.65 10.19 10.23 9.80 10.29 7.42 4.98 6.27 5.34
Shareholders Equity per Share
51.31 47.74 41.57 35.45 27.77 24.18 22.74 20.83 20.82 18.85
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
51.31 47.74 41.57 35.45 27.77 24.18 22.74 20.83 20.82 18.85
Free Cash Flow
459.73 345.02 319.25 287.97 322.45 241.94 204.62 195.31 125.82 58.23
Working Capital
1,510.40 1,331.13 1,014.68 1,013.67 815.86 889.58 680.81 599.88 650.24 588.20
Capital Expenditures
(407.00) (432.75) (415.30) (338.24) (223.55) (188.66) (208.57) (177.90) (159.88) (201.40)
Net Current Asset Value
(2,231.15) (2,369.95) (2,083.14) (2,173.62) (2,398.64) (1,264.25) (1,438.18) (1,366.41) (1,364.31) (1,504.81)
EV/EBIT
21.34 21.49 17.92 12.66 21.38 20.72 25.87 22.26 33.79 65.55
Capex to Sales
0.07 0.07 0.08 0.07 0.06 0.06 0.06 0.05 0.05 0.07
Price to Operating Income
18.63 18.51 15.07 9.72 15.63 16.80 20.87 15.18 23.83 46.38
Other line items
Depreciation/Fixed assets
0.18 0.17 0.18 0.19 0.17 0.20 0.20 0.20 0.19 0.21
Cash ROIC
7.10% 5.61% 6.26% 5.87% 7.04% 6.97% 6.30% 6.46% 3.96% 1.93%
Accounts Receivable Turnover
5.06 5.19 5.00 5.27 4.89 4.60 5.01 5.38 5.37 5.23
Accounts Payable Turnover
8.34 8.66 8.34 8.79 9.39 8.65 8.31 9.21 9.09 8.21
Inventory Turnover
10.95 11.42 11.48 12.31 11.08 9.82 11.53 12.28 11.64 11.79
Average Days of Payables
44.61 43.75 44.02 46.00 50.33 33.44 45.61 43.77 39.68 43.35
Days of Inventory on Hand
32.77 34.53 31.91 33.47 35.06 37.65 32.83 31.58 31.15 33.69
Average Receivables
1,191.30 1,134.27 1,081.29 979.66 777.46 684.14 681.41 613.30 548.63 527.18
Average Payables
496.94 469.55 449.22 403.25 277.87 247.13 287.42 250.35 226.88 235.36
Average Inventory
378.37 356.08 326.25 287.84 235.60 217.62 207.11 187.75 177.22 163.97
Average Assets
7,500.67 6,880.07 6,256.29 5,891.70 4,892.61 4,120.21 3,923.61 3,722.45 3,694.25 3,556.67
Average Common Equity
2,659.59 2,410.52 2,084.91 1,718.10 1,427.72 1,305.68 1,219.78 1,178.98 1,136.22 1,090.26

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