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

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
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 (at or above 1.5: strong)
Debt/Equity 0.95
P/E ratio 38.65 (above 35: high)
Fwd P/E 33.30
P/S ratio 2.71
P/B ratio 5.77
Past 5Y EPS Growth 24.64% (at or above 15%: strong)
This Y EPS Growth 38.03% (at or above 15%: strong)
Next Y EPS Growth 1.82%
Next Y revenue growth 8.69%
Next 5Y EPS Growth 16.46% (at or above 15%: strong)

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

Valuation vs history

EV/Sales, ten years
EV/Sales is 3.1×, against a ten-year median of 1.7×; over the ten years it ranged from 1.1× in 2016 to 3.1× in 2026.
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.

Target Price Range

Analyst price targets

Recommendation Rating

1.7
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Trend 2026e 2027e 2028e
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

Clean Harbors, Inc. vs peers in Waste Management (Q) = latest quarter vs a year earlier

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.

Source: company filings (standardised) and stockrow calculations.

Clean Harbors, Inc. (CLH) Latest News

2 Oct

Impact 5 ·
stockrow.com/CLH · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com