GFL vs. CLH

Last updated Apr 1, 2026

Compare and contrast key facts about GFL Environmental Inc. (GFL) and Clean Harbors, Inc. (CLH).

Performance

GFL vs. CLH - Performance Comparison

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

GFL vs. CLH - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
GFL GFL Environmental Inc.	-2.83%	-3.44%	29.26%	18.24%	-22.65%	29.88%	73.97%
CLH Clean Harbors, Inc.	22.28%	1.89%	31.88%	52.92%	14.38%	31.10%	10.19%

Fundamentals

Market Cap GFL : $15.32B CLH : $15.31B
EPS GFL : $10.26 CLH : $7.29
PE Ratio GFL : 4.06 CLH : 39.33
PS Ratio GFL : 2.36 CLH : 2.55
PB Ratio GFL : 2.10 CLH : 5.57
Total Revenue (TTM) GFL : $6.62B CLH : $6.03B
Gross Profit (TTM) GFL : $1.37B CLH : $1.89B
EBITDA (TTM) GFL : $2.07B CLH : $1.06B

Returns By Period

In the year-to-date period, GFL achieves a -2.83% return, which is significantly lower than CLH's 22.28% return.

GFL

• 1D: 3.24%
• 1M: -5.59%
• YTD: -2.83%
• 6M: -11.88%
• 1Y: -13.53%
• 3Y*: 6.75%
• 5Y*: 3.48%
• 10Y*: —

CLH

• 1D: 2.49%
• 1M: -2.21%
• YTD: 22.28%
• 6M: 23.47%
• 1Y: 45.47%
• 3Y*: 26.23%
• 5Y*: 27.19%
• 10Y*: 19.12%

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

Return for Risk

GFL vs. CLH — Risk / Return Rank

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

GFL

GFL Risk / Return Rank: 20
GFL Sharpe Ratio Rank: 18
GFL Sortino Ratio Rank: 17
GFL Omega Ratio Rank: 18
GFL Calmar Ratio Rank: 25
GFL Martin Ratio Rank: 22

CLH

CLH Risk / Return Rank: 85
CLH Sharpe Ratio Rank: 88
CLH Sortino Ratio Rank: 83
CLH Omega Ratio Rank: 85
CLH Calmar Ratio Rank: 81
CLH Martin Ratio Rank: 85

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. CLH - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for GFL Environmental Inc. (GFL) and Clean Harbors, Inc. (CLH). 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	CLH	Difference
Sharpe ratio Return per unit of total volatility	-0.53	1.69	-2.22
Sortino ratio Return per unit of downside risk	-0.65	2.24	-2.89
Omega ratio Gain probability vs. loss probability	0.92	1.33	-0.41
Calmar ratio Return relative to maximum drawdown	-0.51	2.34	-2.85
Martin ratio Return relative to average drawdown	-1.09	7.76	-8.85
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. CLH - Sharpe Ratio Comparison

The current GFL Sharpe Ratio is -0.53, which is lower than the CLH Sharpe Ratio of 1.69. The chart below compares the historical Sharpe Ratios of GFL and CLH, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	GFL	CLH	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.53	1.69	-2.22
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.12	0.96	-0.84
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.55	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.50	0.26	+0.24

Correlation

The correlation between GFL and CLH is 0.40, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

GFL vs. CLH - Dividend Comparison

GFL's dividend yield for the trailing twelve months is around 0.15%, while CLH has not paid dividends to shareholders.

	TTM	2025	2024	2023	2022	2021	2020
GFL GFL Environmental Inc.	0.15%	0.14%	0.12%	0.15%	0.16%	0.11%	0.10%
CLH Clean Harbors, Inc.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

GFL vs. CLH - Drawdown Comparison

The maximum GFL drawdown since its inception was -42.76%, smaller than the maximum CLH drawdown of -93.48%. Use the drawdown chart below to compare losses from any high point for GFL and CLH.

Drawdown Indicators

	GFL	CLH	Difference
Max Drawdown Largest peak-to-trough decline	-42.76%	-93.48%	+50.72%
Max Drawdown (1Y) Largest decline over 1 year	-24.39%	-19.45%	-4.94%
Max Drawdown (5Y) Largest decline over 5 years	-42.76%	-30.86%	-11.90%
Max Drawdown (10Y) Largest decline over 10 years	—	-64.51%	—
Current Drawdown Current decline from peak	-19.03%	-3.51%	-15.52%
Average Drawdown Average peak-to-trough decline	-14.03%	-33.06%	+19.03%
Ulcer Index Depth and duration of drawdowns from previous peaks	11.52%	5.85%	+5.67%

Volatility

GFL vs. CLH - Volatility Comparison

GFL Environmental Inc. (GFL) has a higher volatility of 8.47% compared to Clean Harbors, Inc. (CLH) at 7.97%. This indicates that GFL's price experiences larger fluctuations and is considered to be riskier than CLH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GFL	CLH	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.47%	7.97%	+0.50%
Volatility (6M) Calculated over the trailing 6-month period	16.97%	21.41%	-4.44%
Volatility (1Y) Calculated over the trailing 1-year period	25.60%	26.98%	-1.38%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	29.55%	28.40%	+1.15%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	32.88%	34.65%	-1.77%

Financials

GFL vs. CLH - Profitability Comparison

The chart below illustrates the profitability comparison between GFL Environmental Inc. and Clean Harbors, 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 Apr 2026, GFL Environmental Inc. reported a gross profit of 337.60M and revenue of 1.69B. Therefore, the gross margin over that period was 20.0%.

CLH - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Clean Harbors, Inc. reported a gross profit of 458.97M and revenue of 1.50B. Therefore, the gross margin over that period was 30.6%.

GFL - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, GFL Environmental Inc. reported an operating income of 82.90M and revenue of 1.69B, resulting in an operating margin of 4.9%.

CLH - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Clean Harbors, Inc. reported an operating income of 158.45M and revenue of 1.50B, resulting in an operating margin of 10.6%.

GFL - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, GFL Environmental Inc. reported a net income of 33.90M and revenue of 1.69B, resulting in a net margin of 2.0%.

CLH - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Clean Harbors, Inc. reported a net income of 86.59M and revenue of 1.50B, resulting in a net margin of 5.8%.