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.

Revenue
+20.7%
EPS
+77.7%
Free cash flow
+14.4%
Total debt
+3.98%

Quarter to September 2026, against a year earlier

279.31 8.93 −3.10%
Market cap
$14.6B
P/E
27.9×
Fwd P/E
29.0×
Dividend yield
—
F-score
7/9
Altman Z
3.37
Beneish M
−2.78
Dividend safety
n/a

Clean Harbors, Inc. (CLH) revenue by segment, product and region

Where the money comes from and where it goes

Fiscal 2025: revenue by segment, and margins
Environmental Services 5,146 85.33%
Safety-Kleen Sustainability Solutions 884 14.66%
Gross margin 31.28%
Operating margin 11.17%
Pre-tax margin 8.75%

Revenue by product or service $m

Line FY2025 FY2024 FY2023 FY2022 FY2021 FY2020 FY2019 FY2018 FY2017 FY2016
Service revenues 5,155 4,928 4,450 4,133 3,048 2,725 2,843 2,709 2,399 2,281
Product revenues 876 962 960 1,033 758 420 569 591 546 474
Also reported: a second breakdown of the same revenue
Technical Services 1,860 1,734 1,564 1,495 1,210 1,063 1,120 1,037 — —
Industrial Services and Other 1,328 1,378 1,419 1,312 706 481 633 663 — —
Safety-Kleen Environmental Services 1,312 1,184 1,102 963 805 809 852 795 — —
Field and Emergency Response Services 937 895 610 575 466 461 341 305 — —
Safety-Kleen Oil 594 699 714 822 618 330 467 500 — —
Revenue 6,031 5,890 5,409 5,167 3,806 3,144 3,412 3,300 2,945 2,755

Gross profit by product or service $m, and margin

Revenue by segment $m

Line FY2025 FY2024 FY2023 FY2022 FY2021 FY2020 FY2019 FY2018 FY2017 FY2016
Environmental Services 5,146 4,960 4,470 4,145 3,026 2,638 2,803 2,141 1,729 1,759
Safety-Kleen Sustainability Solutions 884 929 939 1,021 773 508 615 — — —
Safety-Kleen — — — — — — — 1,161 1,214 996
Corporate — — — — — — — — — 0
Total Segment Revenues 6,031 5,890 5,409 5,166 — — — — — —
Revenue 6,031 5,890 5,409 5,167 3,806 3,144 3,412 3,300 2,945 2,755

Gross profit by segment $m, and margin

Revenue by region $m

Line FY2025 FY2024 FY2023 FY2022 FY2021 FY2020 FY2019 FY2018 FY2017 FY2016 FY2015 FY2014 FY2013 FY2012 FY2011
United States 5,491 5,352 4,869 4,576 3,325 2,740 2,941 2,796 2,392 2,213 2,576 2,415 2,376 1,254 1,149
Canada 540 538 540 590 481 405 471 504 553 542 695 982 1,125 933 834
Revenue 6,031 5,890 5,409 5,167 3,806 3,144 3,412 3,300 2,945 2,755 3,275 3,402 3,510 2,188 1,984

Operating figures as reported in each quarter’s results release or filing

Figure Quarter Latest A year before Change
Incineration utilization Q3 FY2026 87.0% 92.0% —
Landfill tonnage growth Q2 FY2026 7.00% — —
Waste oil collected Q3 FY2026 62.0M 64.0M −3.12%

As each company reports them in its 10-K and 10-Q filings, in US dollars. Where a later filing recast a year's segments, the year is shown as recast; a period whose breakdown does not add up to the company's revenue is left out.