GFL vs. RSG

Last updated Apr 1, 2026

Compare and contrast key facts about GFL Environmental Inc. (GFL) and Republic Services, Inc. (RSG).

Performance

GFL vs. RSG - Performance Comparison

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

GFL vs. RSG - 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%
RSG Republic Services, Inc.	3.65%	6.44%	23.03%	29.64%	-6.16%	47.03%	7.52%

Fundamentals

Market Cap GFL : $15.32B RSG : $67.83B
EPS GFL : $10.26 RSG : $6.87
PE Ratio GFL : 4.06 RSG : 31.88
PS Ratio GFL : 2.36 RSG : 4.11
PB Ratio GFL : 2.10 RSG : 5.67
Total Revenue (TTM) GFL : $6.62B RSG : $16.59B
Gross Profit (TTM) GFL : $1.37B RSG : $3.79B
EBITDA (TTM) GFL : $2.07B RSG : $4.78B

Returns By Period

In the year-to-date period, GFL achieves a -2.83% return, which is significantly lower than RSG's 3.65% return.

GFL

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

RSG

• 1D: -1.20%
• 1M: -4.36%
• YTD: 3.65%
• 6M: -4.01%
• 1Y: -8.60%
• 3Y*: 18.70%
• 5Y*: 18.48%
• 10Y*: 18.23%

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

Return for Risk

GFL vs. RSG — 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

RSG

RSG Risk / Return Rank: 25
RSG Sharpe Ratio Rank: 21
RSG Sortino Ratio Rank: 20
RSG Omega Ratio Rank: 20
RSG Calmar Ratio Rank: 31
RSG Martin Ratio Rank: 33

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. RSG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for GFL Environmental Inc. (GFL) and Republic Services, Inc. (RSG). 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	RSG	Difference
Sharpe ratio Return per unit of total volatility	-0.53	-0.46	-0.07
Sortino ratio Return per unit of downside risk	-0.65	-0.51	-0.14
Omega ratio Gain probability vs. loss probability	0.92	0.93	-0.01
Calmar ratio Return relative to maximum drawdown	-0.51	-0.35	-0.16
Martin ratio Return relative to average drawdown	-1.09	-0.61	-0.48
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. RSG - Sharpe Ratio Comparison

The current GFL Sharpe Ratio is -0.53, which is comparable to the RSG Sharpe Ratio of -0.46. The chart below compares the historical Sharpe Ratios of GFL and RSG, 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	RSG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.53	-0.46	-0.07
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.12	1.04	-0.93
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.97	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.50	0.40	+0.09

Correlation

The correlation between GFL and RSG is 0.41, 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. RSG - Dividend Comparison

GFL's dividend yield for the trailing twelve months is around 0.15%, less than RSG's 1.10% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GFL GFL Environmental Inc.	0.15%	0.14%	0.12%	0.15%	0.16%	0.11%	0.10%	0.00%	0.00%	0.00%	0.00%	0.00%
RSG Republic Services, Inc.	1.10%	1.12%	0.82%	1.25%	1.48%	1.27%	1.72%	1.74%	2.00%	1.97%	2.17%	2.64%

Drawdowns

GFL vs. RSG - Drawdown Comparison

The maximum GFL drawdown since its inception was -42.76%, smaller than the maximum RSG drawdown of -65.99%. Use the drawdown chart below to compare losses from any high point for GFL and RSG.

Drawdown Indicators

	GFL	RSG	Difference
Max Drawdown Largest peak-to-trough decline	-42.76%	-65.99%	+23.23%
Max Drawdown (1Y) Largest decline over 1 year	-24.39%	-20.50%	-3.89%
Max Drawdown (5Y) Largest decline over 5 years	-42.76%	-20.50%	-22.26%
Max Drawdown (10Y) Largest decline over 10 years	—	-34.02%	—
Current Drawdown Current decline from peak	-19.03%	-14.44%	-4.59%
Average Drawdown Average peak-to-trough decline	-14.03%	-11.79%	-2.24%
Ulcer Index Depth and duration of drawdowns from previous peaks	11.52%	11.93%	-0.41%

Volatility

GFL vs. RSG - Volatility Comparison

GFL Environmental Inc. (GFL) has a higher volatility of 8.47% compared to Republic Services, Inc. (RSG) at 5.20%. This indicates that GFL's price experiences larger fluctuations and is considered to be riskier than RSG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GFL	RSG	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.47%	5.20%	+3.27%
Volatility (6M) Calculated over the trailing 6-month period	16.97%	12.33%	+4.64%
Volatility (1Y) Calculated over the trailing 1-year period	25.60%	18.85%	+6.75%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	29.55%	17.79%	+11.76%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	32.88%	18.91%	+13.97%

Financials

GFL vs. RSG - Profitability Comparison

The chart below illustrates the profitability comparison between GFL Environmental Inc. and Republic Services, 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%.

RSG - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Republic Services, Inc. reported a gross profit of 0.00 and revenue of 4.14B. Therefore, the gross margin over that period was 0.0%.

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%.

RSG - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Republic Services, Inc. reported an operating income of 790.00M and revenue of 4.14B, resulting in an operating margin of 19.1%.

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%.

RSG - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Republic Services, Inc. reported a net income of 545.00M and revenue of 4.14B, resulting in a net margin of 13.2%.