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    Industrials

  3. •

    Waste Management
GFL Environmental Inc.

GFL Environmental Inc.

GFL.TO
GFL Environmental Inc.CA flagToronto Stock Exchange
57.61
CAD
+0.42
- -
20.12BMarket Cap
GFL Environmental Inc.
GFL.TO
(Toronto Stock Exchange)

Recent

price

57.61

P/E

ratio

- -

div

yld

- -

ROIC.AI

2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
1.91
2.75
- -
18.54
11.81
14.21
18.41
20.33
16.12
17.9
18.55
Revenue per Share
-0.48
-0.31
- -
-2.5
-3.14
-1.68
-1.08
-0.13
-2.11
10.24
0.58
Basic EPS, GAAP
-0.14
-0.24
- -
-1.15
0.21
0.69
0.9
-0.2
0.91
0.47
0.27
Free Cash Flow per Basic Share
- -
- -
- -
- -
0.04
0.05
0.06
0.07
0.07
0.08
0.08
Dividend per Share
- -
1.53
- -
15.25
16.21
16.46
15.79
18.97
16.71
19.59
19.54
Book Value per Share
- -
-4.65
- -
-29.1
-11.32
-13.98
-14.66
-9.63
-9.66
-3.16
-3.56
Tangible Book Value per Share
314
326
- -
181
355
362
367
370
381
370
361
Basic Weighted Avg Shares
601
899
- -
3,347
4,196
5,137
6,761
7,516
6,139
6,616
6,700
Sales/Revenue/Turnover
-56.74
-44.91
- -
-0.95
-7.75
-2.01
0.59
3.47
3.63
5.23
5.52
Operating Margin (%)
178
239
- -
799
1,238
1,393
1,526
1,490
1,568
1,316
1,343
Depreciation Expense
-152
-101
- -
-452
-1,102
-607
-312
45
-723
3,834
209
Net Income, GAAP
- -
- -
- -
- -
- -
- -
- -
83.24
- -
- -
37.05
Effective Tax Rate (%)
-25.31
-11.24
- -
-13.5
-26.27
-11.81
-4.61
0.6
-11.77
57.95
3.12
Profit Margin (%)
- -
61
- -
555
-165
-27
-1,309
-325
-1,455
-834
850
Working Capital
- -
2,452
6,235
7,720
7,674
9,492
9,585
9,214
9,330
7,873
9,758
LT Debt
- -
509
3,193
2,768
5,572
5,776
6,044
7,386
7,222
7,485
7,462
Total Equity
- -
- -
- -
- -
- -
- -
- -
0.27
- -
- -
- -
Return on Invested Capital (%)
- -
- -
- -
- -
- -
- -
- -
0.92
- -
- -
55.38
Return on Capital (%)
- -
-40.57
- -
-15.3
-26.22
-10.36
-6.72
-0.73
-12.01
55.63
2.85
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
226
60
74
LT Borrowings
7,269
7,423
9,314
LT Finance Leases
379
451
444
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
359
358
359
Market Capitalization
25,300
21,945
20,963

Working Capital

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
1,363
1,164
2,516
Cash, Cash Equivalents & STI
195
86
1,436
Accounts Receivable, Net
879
774
864
Inventories
- -
61
- -
Total Current Liabilities
1,966
1,998
1,666
Payables & Accruals
1,688
1,596
1,546
ST Debt
226
60
74
Deferred Revenue
- -
298
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
6.39%
3.65%
Free Cash Flow
- -
-93.15%
-49.71%
Net Income, GAAP
- -
-506.1%
-630.52%
Sales/Revenue/Turnover
- -
10.93%
7.77%
Total Cash Common Dividend
- -
-721.79%
-62.96%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1,432
1,582
1,554
1,986
6,139
2025
1,560
1,675
1,694
1,686
6,616
2026
1,644
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-0.46
-1.25
0.29
-0.48
-2.11
2025
8.71
0.76
- -
0.09
10.24
2026
-0.6
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.02
0.02
0.02
0.02
0.07
2025
0.02
0.02
- -
0.02
0.08
2026
0.02
- -
- -
- -
- -
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Business
GFL Environmental Inc. (TSX: GFL; NYSE: GFL) provides diversified environmental services across North America, focusing on solid waste management, liquid waste management, and soil remediation. The company offers collection, transportation, transfer, recycling, disposal, and processing of non-hazardous solid waste through landfills, transfer stations, material recovery facilities, and organic processing sites; liquid waste management encompassing wastewater treatment, industrial cleanup, and hazardous/non-hazardous waste handling; and soil remediation including assessment, excavation, treatment, and stabilization of contaminated soils. GFL serves municipal, residential, commercial, industrial, and institutional customers from operations spanning all Canadian provinces and more than half of U.S. states, with its signature fleet of bright green trucks supporting integrated solutions for businesses, communities, and households. Founded in 2007 and headquartered in Vaughan, Ontario, the company employs over 20,000 people and maintains a commitment to sustainability through recycling, resource recovery, and environmentally responsible practices. In January 2025, GFL announced an agreement to sell its Environmental Services business—covering liquid waste and soil remediation—for an $8.0 billion enterprise value to funds managed by Apollo Global Management and BC Partners, retaining a significant equity stake while using proceeds to repay up to $3.75 billion in debt, pursue opportunistic share repurchases of up to $2.25 billion, and reduce leverage to approximately 3.0x, with the transaction expected to close in the first quarter of 2025 and maintain synergies with its core solid waste operations.