stockrowGFL Environmental Inc.
GFL Industrials Waste Management
GFL Environmental Inc.’s revenue for fiscal 2025 (year ended December 2025) was $4.7 billion, down 17.5% from fiscal 2024.
- Revenue
- +25.3%
- EPS
- −130.0%
- Free cash flow
- +38.1%
- Total debt
- +56.4%
Quarter to September 2026, against a year earlier
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GFL Environmental Inc. (GFL) Gross margin
GFL Environmental Inc.'s gross margin over the twelve months to 30 September 2026 was 19.5%, down 1.2 percentage points from fiscal 2025 (20.7%). Over the past ten years it has ranged from 4.53% (fiscal 2020) to 20.7% (fiscal 2025) — the current reading is the highest in ten years. That is in line with the Waste Management industry median of 20.5% and below the Industrials sector median of 30.6%.
Gross margin, annual
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Annual newest first
| Period | Gross margin | Change (points) |
|---|---|---|
| FY2025 | 20.7% | 1.77 |
| FY2024 | 18.9% | 2.01 |
| FY2023 | 16.9% | 5.09 |
| FY2022 | 11.8% | 2.25 |
| FY2021 | 9.55% | 5.02 |
| FY2020 | 4.53% | (3.66) |
| FY2019 | 8.19% | 0.15 |
| FY2018 | 8.04% | (6.06) |
| FY2017 | 14.1% | 2.11 |
| FY2016 | 12.0% | — |
Quarterly newest first
| Period | Gross margin | Change (points) |
|---|---|---|
| Sep 2026 | 19.8% | (0.02) |
| Jun 2026 | 19.8% | 1.57 |
| Mar 2026 | 18.2% | (1.69) |
| Dec 2025 | 19.9% | (1.92) |
| 25 more quarters | Free account |
Against its own ten years
Gross margin against peers
| Company | Gross margin |
|---|---|
| WCN Waste Connections, Inc. compare | 42.6% |
| RSG Republic Services, Inc. compare | 42.0% |
| ONT Onterris, Inc. compare | 41.5% |
| WM Waste Management, Inc. compare | 40.4% |
| CWST Casella Waste Systems, Inc. compare | 33.4% |
| CLH Clean Harbors, Inc. compare | 33.1% |
| GFL GFL Environmental Inc. | 19.5% |
| NVRI Enviri Corporation compare | 10.3% |
| OIO ESGL Holdings Limited compare | — |
| Waste Management industry median | 20.5% |
| Industrials sector median | 30.6% |
| Market median | 45.1% |
What Gross margin is
Gross Margin tells an investor how much of each sale a company keeps after paying the direct costs of making or buying what it sells.
Gross Profit ÷ Revenue
More on GFL
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- Altman Z-score
- Beneish M-score
- The full statement