GFL vs. ADP

Last updated Jun 9, 2026

GFL (GFL Environmental Inc.) and ADP (Automatic Data Processing, Inc.) are both stocks. Both are in the Industrials sector — GFL in Waste Management, ADP in Staffing & Employment Services. Over the past 5 years, GFL returned 1.78%/yr vs 5.16%/yr for ADP. At a 0.32 correlation, their price movements are largely independent.

Performance

GFL vs. ADP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in GFL Environmental Inc. (GFL) and Automatic Data Processing, Inc. (ADP). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GFL achieves a -18.68% return, which is significantly lower than ADP's -10.21% return.

GFL

• 1D: -1.72%
• 1M: -5.01%
• YTD: -18.68%
• 6M: -21.93%
• 1Y: -29.67%
• 3Y*: -2.02%
• 5Y*: 1.78%
• 10Y*: —

ADP

• 1D: -1.24%
• 1M: 7.55%
• YTD: -10.21%
• 6M: -10.14%
• 1Y: -28.14%
• 3Y*: 4.26%
• 5Y*: 5.16%
• 10Y*: 12.50%

*Multi-year figures are annualized to reflect compound growth (CAGR)

GFL vs. ADP - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
GFL GFL Environmental Inc.	-18.68%	-3.44%	29.26%	18.24%	-22.65%	29.88%	67.01%
ADP Automatic Data Processing, Inc.	-10.21%	-10.18%	28.41%	-0.25%	-1.29%	42.60%	10.73%

Correlation

The correlation between GFL and ADP is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.26
Correlation (3Y) Calculated over the trailing 3-year period	0.25
Correlation (5Y) Calculated over the trailing 5-year period	0.36
Correlation (All Time) Calculated using the full available price history since Mar 3, 2020	0.32

The correlation between GFL and ADP shifts across timeframes, from 0.25 (3 years) to 0.36 (5 years), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap GFL : $12.51B ADP : $92.16B
EPS GFL : $0.57 ADP : $10.72
PE Ratio GFL : 61.76 ADP : 21.37
PS Ratio GFL : 1.92 ADP : 4.30
PB Ratio GFL : 1.71 ADP : 14.51
Total Revenue (TTM) GFL : $6.70B ADP : $21.60B
Gross Profit (TTM) GFL : $1.38B ADP : $10.26B
EBITDA (TTM) GFL : $2.14B ADP : $6.51B

Return for Risk

GFL vs. ADP — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

GFL

GFL Risk / Return Rank: 4
GFL Sharpe Ratio Rank: 2
GFL Sortino Ratio Rank: 4
GFL Omega Ratio Rank: 5
GFL Calmar Ratio Rank: 8
GFL Martin Ratio Rank: 1

ADP

ADP Risk / Return Rank: 8
ADP Sharpe Ratio Rank: 2
ADP Sortino Ratio Rank: 4
ADP Omega Ratio Rank: 6
ADP Calmar Ratio Rank: 15
ADP Martin Ratio Rank: 11

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

GFL vs. ADP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for GFL Environmental Inc. (GFL) and Automatic Data Processing, Inc. (ADP). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	GFL	ADP	Difference
Sharpe ratio: Return per unit of total volatility	-1.17	-1.16	-0.01
Sortino ratio: Return per unit of downside risk	-1.67	-1.68	0.00
Omega ratio: Gain probability vs. loss probability	0.80	0.80	-0.01
Calmar ratio: Return relative to maximum drawdown	-0.87	-0.72	-0.15
Martin ratio: Return relative to average drawdown	-1.94	-1.33	-0.61
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GFL vs. ADP - Sharpe Ratio Comparison

The current GFL Sharpe Ratio is -1.17, which is comparable to the ADP Sharpe Ratio of -1.16. The chart below compares the historical Sharpe Ratios of GFL and ADP, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	GFL	ADP	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-1.17	-1.16	-0.01
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.06	0.24	-0.18
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.51	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.38	0.54	-0.16

Drawdowns

GFL vs. ADP - Drawdown Comparison

The maximum GFL drawdown since its inception was -42.76%, smaller than the maximum ADP drawdown of -59.51%. Use the drawdown chart below to compare losses from any high point for GFL and ADP.

Drawdown Indicators

	GFL	ADP	Difference
Max Drawdown Largest peak-to-trough decline	-42.76%	-59.51%	+16.75%
Max Drawdown (1Y) Largest decline over 1 year	-34.20%	-39.25%	+5.05%
Max Drawdown (3Y) Largest decline over 3 years	-34.88%	-40.78%	+5.90%
Max Drawdown (5Y) Largest decline over 5 years	-42.76%	-40.78%	-1.98%
Max Drawdown (10Y) Largest decline over 10 years	—	-40.78%	—
Current Drawdown Current decline from peak	-32.24%	-28.14%	-4.10%
Average Drawdown Average peak-to-trough decline	-14.37%	-12.59%	-1.78%
Ulcer Index Depth and duration of drawdowns from previous peaks	15.34%	22.88%	-7.54%

Volatility

GFL vs. ADP - Volatility Comparison

The current volatility for GFL Environmental Inc. (GFL) is 7.69%, while Automatic Data Processing, Inc. (ADP) has a volatility of 9.30%. This indicates that GFL experiences smaller price fluctuations and is considered to be less risky than ADP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GFL	ADP	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.69%	9.30%	-1.61%
Volatility (6M) Calculated over the trailing 6-month period	21.41%	20.42%	+0.99%
Volatility (1Y) Calculated over the trailing 1-year period	25.46%	24.35%	+1.11%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	29.80%	22.05%	+7.75%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	32.96%	24.48%	+8.48%

Dividends

GFL vs. ADP - Dividend Comparison

GFL's dividend yield for the trailing twelve months is around 0.18%, less than ADP's 2.83% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ADP Automatic Data Processing, Inc.	2.83%	2.46%	1.96%	2.21%	1.83%	1.55%	2.08%	1.92%	2.14%	2.00%	2.10%	2.36%
GFL GFL Environmental Inc.	0.18%	0.14%	0.12%	0.15%	0.16%	0.11%	0.10%	0.00%	0.00%	0.00%	0.00%	0.00%

Financials

GFL vs. ADP - Profitability Comparison

The chart below illustrates the profitability comparison between GFL Environmental Inc. and Automatic Data Processing, Inc. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

GFL - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, GFL Environmental Inc. reported a gross profit of 300.57M and revenue of 1.65B. Therefore, the gross margin over that period was 18.2%.

ADP - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Automatic Data Processing, Inc. reported a gross profit of 2.87B and revenue of 5.94B. Therefore, the gross margin over that period was 48.3%.

GFL - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, GFL Environmental Inc. reported an operating income of 34.09M and revenue of 1.65B, resulting in an operating margin of 2.1%.

ADP - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Automatic Data Processing, Inc. reported an operating income of 1.79B and revenue of 5.94B, resulting in an operating margin of 30.1%.

GFL - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, GFL Environmental Inc. reported a net income of -216.26M and revenue of 1.65B, resulting in a net margin of -13.1%.

ADP - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Automatic Data Processing, Inc. reported a net income of 1.36B and revenue of 5.94B, resulting in a net margin of 22.9%.

Frequently Asked Questions

Can I hold both GFL and ADP in my portfolio?

GFL and ADP have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GFL or ADP?

ADP has higher volatility (9.30%) compared to GFL (7.69%). In terms of maximum drawdown, GFL dropped -42.76% vs ADP's -59.51%.

Which has better risk-adjusted returns?

ADP currently has the higher Sharpe Ratio (-1.16 vs -1.17), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.