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

GFL Environmental Inc.

GFL Environmental Inc.’s revenue for fiscal 2025 (year ended December 2025) was $4.7 billion, down 17.5% from fiscal 2024. In the quarter to June 2026, revenue grew 16.2%, EPS fell 165.4%, free cash flow grew 557.1% and total debt rose 41.7%, each against the same quarter a year earlier. Dividend growth for three consecutive years.

43.85 0.30 +0.69%

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Market cap: $19.0B
P/E: 0.0×
Fwd P/E: −101×
Dividend yield: 0.15%
F-score: 7/9
Altman Z: 1.53
Beneish M: −3.04
Dividend safety: 60/100

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	—	—	—	—	—	—
Sell	—	—	—	—	—	—	—	—	—	—	—	—

Insider Ownership 17.87%

Capital & Financial Ratios $m

Market Cap 18,990.00

Revenue 5,042.44

Net Income (207.96)

Free Cash Flow 193.49

Net Debt 7,133.22

Current Ratio 0.75

Debt/Equity 1.34

P/E ratio 0.00

Fwd P/E (101.00)

P/S ratio 3.14

P/B ratio 2.91

Past 5Y EPS Growth —

This Y EPS Growth 8.91%

Next Y EPS Growth 40.66%

Next Y revenue growth 18.87%

Next 5Y EPS Growth 24.73%

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

Valuation vs history

EV/Sales, ten years

P/S against its own 10 years 66.96%

10-year low 10-year high

P/B against its own 10 years 71.99%

10-year low 10-year high

EV/Sales against its own 10 years 82.69%

10-year low 10-year high

EV/FCF against its own 10 years 74.55%

10-year low 10-year high

Dividends

Payout Ratio —

Annual Dividend Rate 0.07

Annual Dividend Yield 0.15%

	total	individual payouts
2028	Powerpack
2027	Powerpack
2026	0.05	0.02 0.02 0.02 0.02
2025	0.05	0.01 0.02 0.02 0.02
2024	0.06	0.01 0.01 0.01 0.01
2023	0.05	0.01 0.01 0.01 0.01
2022	0.16	0.01 0.01 0.10 0.01 0.01 0.01
2021	0.05	0.01 0.01 0.01 0.01 0.01
2020	0.03	0.01 0.01 0.01
2019	Powerpack

predictions special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	101	98	61	139
Receivables	835	920	643	755
Inventory	—	—	—	—
Other	—	—	—	—
	1,100	1,237	833	1,049

	2023	2024	2025	Q'26
Payables	1,244	1,372	1,351	1,298
ST’ Debt	7	837	—	—
Other	42	38	31	36
	1,341	2,299	1,430	1,393

Compound Annual Growth %

	10y	5y	3y
Sales	—	8.61%	(3.08%)
Cash Flow	—	20.23%	3.75%
Earnings	—	0.00%	0.00%
Book Value	—	4.79%	4.84%

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	1,198	1,407	—	—	—
’25	1,086	1,211	1,230	1,208	4,735
’24	1,335	1,505	1,477	1,420	5,738
’23	1,330	1,446	1,409	1,383	5,567
’22	1,107	1,337	1,403	1,354	5,201
’21	937	1,070	1,180	1,222	4,409
’20	694	717	778	944	3,132

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	122	300	—	—	—
’25	121	226	285	310	942
’24	195	264	256	409	1,124
’23	142	195	94	295	726
’22	139	180	212	312	843
’21	168	150	170	229	716
’20	(68)	127	195	121	375

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	(155)	102	—	—	—
’25	(96)	16	76	171	167
’24	(19)	49	72	196	298
’23	(50)	1,212	(1,307)	135	(10)
’22	51	255	61	156	523
’21	67	76	148	116	407
’20	(142)	46	129	34	67

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	(0.44)	(0.34)	—	—	—
’25	6.04	0.51	0.20	0.05	7.15
’24	(0.39)	(0.96)	0.17	(0.37)	(1.51)
’23	(0.49)	0.54	0.00	(0.15)	(0.10)
’22	0.02	0.09	(0.42)	(0.49)	(0.80)
’21	(0.52)	0.06	(0.56)	(0.36)	(1.46)
’20	(0.57)	(0.23)	(0.24)	(1.07)	(2.15)

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	—	—	—	—	11.92	26.79	23.10	26.87	30.57	41.29	Analyst estimates 2026–2028 Powerpack
	High	—	—	—	—	29.24	43.71	38.05	39.06	48.87	52.00
People
People	Employees	—	—	—	—	15,475	18,000	19,500	20,000	20,000	14,850
	Revenue/emp, $m	0.00	0.00	0.00	0.00	0.20	0.24	0.27	0.28	0.29	0.32
Income, $m
Income, $m	Revenue	692	1,066	1,363	2,575	3,132	4,409	5,201	5,567	5,738	4,735
	Gross margin, %	11.99	14.10	8.04	8.19	4.53	9.55	11.80	16.89	18.90	20.67
	EBT	(150)	(112)	(459)	(468)	(1,012)	(569)	(276)	142	(690)	162
	EBT margin, %	(21.63)	(10.50)	(33.68)	(18.20)	(32.31)	(12.90)	(5.31)	2.56	(12.02)	3.43
	Net income	(113)	0	(355)	(348)	(743)	(484)	(239)	24	(538)	2,729
	Depreciation	132	124	225	615	924	1,111	1,173	1,104	1,144	942
Per share, $
Per share, $	Revenue	2.20	3.40	4.34	8.20	8.69	12.19	14.16	15.06	15.07	12.81
	Earnings	(0.36)	(0.26)	(1.13)	(1.11)	(2.15)	(1.46)	(0.80)	(0.10)	(1.51)	7.33
	Cash flow	0.19	0.28	(0.08)	0.56	1.04	1.98	2.30	1.96	2.95	2.55
	Capex	0.00	0.00	0.00	0.00	(0.85)	(0.86)	(0.87)	(1.99)	(2.17)	(2.10)
	Free cash flow	0.19	0.28	(0.08)	0.56	0.19	1.13	1.43	(0.03)	0.78	0.45
	Book value	0.00	0.00	7.48	6.78	11.76	12.75	12.66	14.80	13.84	14.50
	Shares, m	314	314	314	314	360	362	367	370	381	370
Valuation, ×
Valuation, ×	P/E	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	6.31
	P/S	0.00	0.00	0.00	0.00	3.36	3.10	2.07	2.25	2.96	3.35
	P/B	0.00	0.00	0.00	0.00	2.48	2.97	2.32	2.29	3.22	2.96
	EV/Sales	0.00	0.00	0.00	0.00	4.86	4.56	3.48	3.45	4.27	4.54
	EV/FCF	0.00	0.00	0.00	0.00	226.69	49.37	34.58	(2,012.82)	82.22	128.96
Cash, $m
Cash, $m	Operating cash flow	60	89	(25)	177	375	716	843	726	1,124	942
	Capex	(92)	(163)	(118)	(352)	(308)	(309)	(320)	(736)	(826)	(775)
	Free cash flow	60	89	(25)	177	67	407	523	(10)	298	167
Balance, $m
Balance, $m	Working capital	—	—	0	427	(123)	(21)	(1,007)	(241)	(1,062)	(597)
	Total debt	—	—	4,624	6,014	4,718	6,572	7,380	6,830	7,646	5,635
	Net debt	—	—	4,619	5,572	4,697	6,420	7,317	6,730	7,548	5,574
	Shareholders’ equity	—	—	2,348	2,129	4,240	4,609	4,649	5,472	5,270	5,357
Returns, %
Returns, %	ROA	0.00	0.00	(8.57)	(3.86)	(6.92)	(3.67)	(1.61)	(0.23)	(3.88)	18.74
	ROIC	—	—	0.00	0.00	(1.66)	(0.29)	0.27	1.12	1.62	2.38
	ROE	0.00	0.00	(15.87)	(15.53)	(23.32)	(10.94)	(5.18)	(0.69)	(10.91)	51.64

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

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%
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%	Compare
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	$11.2B	38.7×	33.4×	+5.51%	+4.51%	+0.87%	37.96%	9.59%

All 20 Waste Management stocks →

GFL Environmental Inc. (GFL) key facts

Concern: GFL Environmental Inc.’s revenue for fiscal 2025 (year ended December 2025) was $4.7 billion, down 17.5% from fiscal 2024.
GFL Environmental Inc. (GFL) is a Waste Management company in the Industrials sector, listed on the New York Stock Exchange.
As of October 16, 2026, GFL traded at $43.85, a market capitalization of $19.0 billion.
GFL Environmental Inc. pays an annual dividend of $0.07 per share, a yield of 0.15%.
Return on equity was 51.6% and debt-to-equity 1.34.
Its Piotroski F-score is 7 out of 9 and its Altman Z-score is 1.53 (distress zone) for fiscal 2025.