GFL 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

45.51 0.61 −1.32%
Market cap
$20.1B
P/E
0.0×
Fwd P/E
−63.7×
Dividend yield
0.14%
F-score
7/9
Altman Z
1.53
Beneish M
−3.04
Dividend safety
60/100

GFL Environmental Inc. (GFL) Operating margin

Alert me on Operating margin

GFL Environmental Inc.'s operating margin over the twelve months to 30 September 2026 was 7.39%, down 1.4 percentage points from fiscal 2025 (8.79%). Over the past ten years it has ranged from −21.1% (fiscal 2018) to 8.79% (fiscal 2025) — the current reading is the highest in ten years. That is above the Waste Management industry median of 0.00% and above the Industrials sector median of 5.21%.

Operating margin, annual

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Annual newest first

Period Operating margin Change (points)
FY2025 8.79% 2.98
FY2024 5.81% 1.88
FY2023 3.93% 2.94
FY2022 0.99% 2.15
FY2021 −1.16% 6.43
FY2020 −7.59% (0.24)
FY2019 −7.35% 13.70
FY2018 −21.1% (25.70)
FY2017 4.65% 6.58
FY2016 −1.93% —

Quarterly newest first

Period Operating margin Change (points)
Sep 2026 7.39% 1.81
Jun 2026 5.58% 4.18
Mar 2026 1.40% (14.06)
Dec 2025 15.5% 5.61
25 more quarters

Against its own ten years

Low −21.1% High 8.79%
Ten-year median −0.08%
Current reading's percentile 88

Operating margin against peers

Company Operating margin
RSG Republic Services, Inc. compare 20.0%
WM Waste Management, Inc. compare 18.4%
WCN Waste Connections, Inc. compare 17.7%
CLH Clean Harbors, Inc. compare 13.2%
GFL GFL Environmental Inc. 7.39%
CWST Casella Waste Systems, Inc. compare 3.38%
ONT Onterris, Inc. compare 1.34%
OIO ESGL Holdings Limited compare 0.00%
NVRI Enviri Corporation compare −11.2%
Waste Management industry median 0.00%
Industrials sector median 5.21%
Market median 0.00%

What Operating margin is

EBIT Margin tells an investor how much operating profit, before interest and taxes, a company keeps from each unit of revenue.

EBIT ÷ Revenue

The full definition of Operating margin →

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