Clean Harbors, Inc. (CLH) vs Casella Waste Systems, Inc. (CWST)

Clean Harbors, Inc. and Casella Waste Systems, Inc. are both Waste Management companies. Clean Harbors, Inc. is the larger, with a market value of $16.7B against $5.3B — 3.1× the size. Clean Harbors, Inc. trades at the lower P/E: 37.8× against 914×. Casella Waste Systems, Inc. grew revenue faster over the last twelve months: 13.6% against 5.07%. Clean Harbors, Inc. has the higher net margin (7.03% vs 0.29%) and the higher return on invested capital (8.91% vs 1.42%). Across the 22 metrics below, Clean Harbors, Inc. leads on 17 and Casella Waste Systems, Inc. on 5.

Valuation

Metric CLH CWST Waste Management median
P/E 37.81 913.78 33.79
P/S 2.65 2.68 2.85
P/B 5.64 3.31 2.54
Price to free cash flow 34.51 49.42 24.52
EV/EBITDA 15.47 16.65 15.16
EV/Sales 3.01 3.35 4.12
Earnings yield 2.65% 0.11% 0.06%
Free cash flow yield 2.90% 2.02% 0.00%

Profitability

Metric CLH CWST Waste Management median
Gross margin 32.26% 33.42% 31.60%
Operating margin 11.84% 3.38% 0.50%
Net margin 7.03% 0.29% 0.00%
Free cash flow margin 7.67% 5.45% 0.00%
Return on equity 15.56% 0.36% 0.00%
Return on assets 5.75% 0.17% 0.00%
Return on invested capital 8.91% 1.42% 0.00%

Growth

Metric CLH CWST Waste Management median
Revenue growth (TTM) 5.07% 13.59% 5.74%
EPS growth (last fiscal year) (1.89%) (47.83%) —
Revenue growth, 5-year CAGR 13.91% 18.85% 12.80%
Net income growth, 5-year CAGR 23.73% (38.72%) 0.00%

Health

Metric CLH CWST Waste Management median
Debt to equity 0.95 0.85 0.88
Current ratio 2.13 0.99 1.32
Net debt to EBITDA 1.60 2.76 2.03

Dividend

Metric CLH CWST Waste Management median
Dividend yield — — 1.17%
Payout ratio 0.00 0.00 0.00

Size

Metric CLH CWST Waste Management median
Market cap 16.68b 5.33b 103.93m

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