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GFL Environmental Inc. logo

GFL Environmental Inc.

GFL

NYSEIndustrialsWaste Management

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Previous close

$41.05

−$0.12 · -0.29%

Aug 21, 4:00 PM ET

GFL company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Hold

Wait — insufficient conviction to act

Valuation

69

Undervalued

Momentum

40

Weakening

Sentiment

43

Mixed

Risk resilience

66

Moderate Risk

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AI-generated, informational only, and not investment advice.

Company profile

Company website

GFL Environmental Inc. functions as a multifaceted environmental services provider with operations spanning Canada and the United States. The company's core offerings encompass three distinct areas: managing non-hazardous solid waste, undertaking infrastructure and soil cleanup projects, and handling various types of liquid waste. Within its solid waste division, GFL handles every stage from collecting and transporting to transferring, recycling, and ultimately disposing of non-hazardous solid waste. This comprehensive service caters to a diverse clientele, including municipalities, individual residents, and both commercial and industrial enterprises. The infrastructure and soil remediation segment is dedicated to rehabilitating polluted ground. Alongside this, it delivers supplementary services such as general civil works, structural demolition, and specialized excavation and shoring. Finally, the liquid waste management arm is responsible for the collection, oversight, movement, treatment, and disposal of various industrial and commercial liquid effluents. An additional aspect of this segment involves the resale of certain liquid waste byproducts. Founded in 2007, the company maintains its primary office in Vaughan, Canada.

Industry
Waste Management
Sector
Industrials
Headquarters
US
CEO
Patrick Dovigi
Listed since
Mar 3, 2020
Employees
15,500

Market position

Day range

Current $41.05

52-week range

Current $41.05

Open
$41.33
Previous close
$41.17
Volume
846.43K
0.31× average
Average volume
2.73M
Average daily volume
Market cap
14.33B USD
Beta
0.49
Market reference 1
50-day average
$39.233
+4.63% above average
200-day average
$41.0675
-0.04% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
29.63B CAD
P/E (TTM)
-89×
P/B (TTM)
2.78×
P/S (TTM)
2.83×
EV / EBITDA
14.82×
Earnings yield
17.60%
Free cash flow yield
0.80%
Dividend yield
0.16%

Profitability & efficiency

Gross margin
19.99%
Operating margin
5.56%
Net margin
-3.26%
Return on equity
52.50%
Return on assets
19.87%
Return on invested capital
1.99%

Financial health

Debt / equity
1.38×
Current ratio
0.58×
Altman Z-score
1.19
Piotroski F-score
5 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends65%37%9%-19%Gross margin, FY2021: 9.22%Gross margin, FY2022: 11.80%Gross margin, FY2023: 16.89%Gross margin, FY2024: 18.39%Gross margin, FY2025: 20.67%Operating margin, FY2021: -2.01%Operating margin, FY2022: 0.59%Operating margin, FY2023: 3.47%Operating margin, FY2024: 3.63%Operating margin, FY2025: 5.23%Net margin, FY2021: -11.81%Net margin, FY2022: -4.61%Net margin, FY2023: 0.60%Net margin, FY2024: -11.77%Net margin, FY2025: 57.95%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 9.22%. Gross margin FY2022 11.80%. Gross margin FY2023 16.89%. Gross margin FY2024 18.39%. Gross margin FY2025 20.67%. Operating margin FY2021 -2.01%. Operating margin FY2022 0.59%. Operating margin FY2023 3.47%. Operating margin FY2024 3.63%. Operating margin FY2025 5.23%. Net margin FY2021 -11.81%. Net margin FY2022 -4.61%. Net margin FY2023 0.60%. Net margin FY2024 -11.77%. Net margin FY2025 57.95%.

Income trends

Revenue

6.62B CAD+7.77%

Operating income

346M CAD+55.30%

Net income

3.83B CAD+4.56B CAD
Income trends across reported periods8.34B CAD5.04B CAD1.75B CAD−1.55B CADRevenue, FY2021: 5.14B CADRevenue, FY2022: 6.76B CADRevenue, FY2023: 7.52B CADRevenue, FY2024: 6.14B CADRevenue, FY2025: 6.62B CADOperating income, FY2021: −103.4M CADOperating income, FY2022: 39.9M CADOperating income, FY2023: 261.1M CADOperating income, FY2024: 222.8M CADOperating income, FY2025: 346M CADNet income, FY2021: −606.8M CADNet income, FY2022: −311.8M CADNet income, FY2023: 45.4M CADNet income, FY2024: −722.7M CADNet income, FY2025: 3.83B CADFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 5.14B CAD. Revenue FY2022 6.76B CAD. Revenue FY2023 7.52B CAD. Revenue FY2024 6.14B CAD. Revenue FY2025 6.62B CAD. Operating income FY2021 −103.4M CAD. Operating income FY2022 39.9M CAD. Operating income FY2023 261.1M CAD. Operating income FY2024 222.8M CAD. Operating income FY2025 346M CAD. Net income FY2021 −606.8M CAD. Net income FY2022 −311.8M CAD. Net income FY2023 45.4M CAD. Net income FY2024 −722.7M CAD. Net income FY2025 3.83B CAD.
Metric (CAD)FY2025FY2024FY2023FY2022FY2021
Revenue6.62B CAD6.14B CAD7.52B CAD6.76B CAD5.14B CAD
Cost of goods sold5.25B CAD5.01B CAD6.25B CAD5.96B CAD4.66B CAD
Gross profit1.37B CAD1.13B CAD1.27B CAD797.6M CAD473.7M CAD
Selling, general, and administrative967.4M CAD864.5M CAD973.9M CAD730.4M CAD562.7M CAD
Operating expenses1.02B CAD906M CAD1.01B CAD757.7M CAD577.1M CAD
Interest expense456.2M CAD616.2M CAD584.1M CAD427.1M CAD323.9M CAD
Depreciation and amortization1.32B CAD1.57B CAD1.49B CAD1.53B CAD1.39B CAD
Operating income346M CAD222.8M CAD261.1M CAD39.9M CAD−103.4M CAD
Net income3.83B CAD−722.7M CAD45.4M CAD−311.8M CAD−606.8M CAD

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
45%
5 beats, 5 misses, 1 met estimate
Average EPS surprise
-72.74%
11 comparable reports
Latest EPS result
0.14
Estimate 0.17 · Miss by 17.65%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates0.30.170.03-0.1Q1 '25BeatQ2 '25MissQ3 '25MetQ4 '25MissQ1 '26BeatQ2 '26BeatQ3 '26MissQ4 '26Estimate
Q1 2025, reported Feb 24, 2025: actual 0.16, estimate 0.13, surprise +23.08%, Beat. Q2 2025, reported Apr 30, 2025: actual -0.06, estimate 0.04, surprise -250.00%, Miss. Q3 2025, reported Jul 30, 2025: actual 0.19, estimate 0.19, surprise 0.00%, Met estimate. Q4 2025, reported Nov 5, 2025: actual 0.17, estimate 0.19, surprise -10.53%, Miss. Q1 2026, reported Feb 11, 2026: actual 0.26, estimate 0.14, surprise +85.71%, Beat. Q2 2026, reported Apr 29, 2026: actual 0.06, estimate 0.05, surprise +20.00%, Beat. Q3 2026, reported Jul 29, 2026: actual 0.14, estimate 0.17, surprise -17.65%, Miss. Q4 2026, reported Nov 4, 2026: actual —, estimate 0.192, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates2.06B1.71B1.36B1.02BQ1 '25MissQ2 '25MissQ3 '25MissQ4 '25MissQ1 '26BeatQ2 '26BeatQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Feb 24, 2025: actual 1.38B USD, estimate 1.98B USD, surprise -30.27%, Miss. Q2 2025, reported Apr 30, 2025: actual 1.1B USD, estimate 1.52B USD, surprise -28.10%, Miss. Q3 2025, reported Jul 30, 2025: actual 1.23B USD, estimate 1.69B USD, surprise -27.23%, Miss. Q4 2025, reported Nov 5, 2025: actual 1.21B USD, estimate 1.67B USD, surprise -27.09%, Miss. Q1 2026, reported Feb 11, 2026: actual 1.23B USD, estimate 1.21B USD, surprise +1.22%, Beat. Q2 2026, reported Apr 29, 2026: actual 1.18B USD, estimate 1.17B USD, surprise +0.96%, Beat. Q3 2026, reported Jul 29, 2026: actual 1.37B USD, estimate 1.33B USD, surprise +2.89%, Beat. Q4 2026, reported Nov 4, 2026: actual —, estimate 1.44B USD, surprise —, Comparison unavailable.

Analyst ratings

Third-party consensus; not a GoAI recommendation.

Analyst price target

Average target

$50.95

24.12% upside
Past 12 months12-month forecastHigh $63.00Average $50.95Low $36.50

Rating distribution

18 ratings
Strong buy00%
Buy1478%
Hold317%
Sell16%
Strong sell00%

Recent analyst actions

12 institutions
BarclaysmaintainOverweight

GFL news

marketbeat.com

GFL Environmental Q2 Earnings Call Highlights

GFL Environmental NYSE: GFL raised its full-year 2026 outlook for the second time after reporting second-quarter results that management said exceeded expectations, supported by pricing gains, acquisition activity and…

Read source
seekingalpha.com

GFL Environmental Inc. (GFL:CA) Q2 2026 Earnings Call Transcript

GFL Environmental Inc. (GFL:CA) Q2 2026 Earnings Call Transcript

Read source
zacks.com

GFL Environmental Inc. (GFL) Q2 Earnings Miss Estimates

GFL Environmental Inc. (GFL) came out with quarterly earnings of $0.14 per share, missing the Zacks Consensus Estimate of $0.17 per share. This compares to earnings of $0.19 per share a year ago.

Read source
prnewswire.com

GFL Environmental Reports Second Quarter 2026 Results and Raises Full Year 2026 Guidance

Revenue, Adjusted EBITDA1 and Adjusted Free Cash Flow1 all ahead of expectations Underlying Adjusted EBITDA margin1 expansion of 125 basis points, excluding the impacts of M&A, commodities and diesel prices 6.4% organic…

Read source
seekingalpha.com

GFL Environmental: A $50 Takeover Isn't The Entire Buy Case

GFL Environmental is rated Buy, supported by expanding margins, strong pricing, and the transformative SECURE acquisition. A $50/share takeover is plausible but not guaranteed; no formal offer exists, and financing such…

Read source
zacks.com

Analysts Estimate GFL Environmental Inc. (GFL) to Report a Decline in Earnings: What to Look Out for

GFL Environmental (GFL) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Read source

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ETFs holding GFL

Funds reporting this stock among their holdings, ordered by reported position size.

Alger Concentrated Equity ETF logoAlger Concentrated Equity ETFCNEQ
Market value
23.42M
Weight
1.24%
AUM
1.12B USD
Expense ratio
0.56%
Price / 1D
$39.59+0.87%
Vanguard Total International Stock ETF logoVanguard Total International Stock ETFVXUS
Market value
19.11M
Weight
0.00%
AUM
646.2B USD
Expense ratio
0.05%
Price / 1D
$87.71+0.78%
Alger AI Enablers & Adopters ETF logoAlger AI Enablers & Adopters ETFALAI
Market value
9.27M
Weight
1.08%
AUM
644.85M USD
Expense ratio
0.58%
Price / 1D
$44.64+0.81%
First Trust Utilities AlphaDEX Fund logoFirst Trust Utilities AlphaDEX FundFXU
Market value
7.75M
Weight
0.95%
AUM
799.68M USD
Expense ratio
0.61%
Price / 1D
$47.46-2.02%
Vanguard Russell 1000 Value ETF logoVanguard Russell 1000 Value ETFVONV
Market value
6.71M
Weight
0.03%
AUM
23.1B USD
Expense ratio
0.06%
Price / 1D
$112.82+0.43%
VanEck Environmental Services ETF logoVanEck Environmental Services ETFEVX
Market value
4.35M
Weight
4.30%
AUM
101.09M USD
Expense ratio
0.55%
Price / 1D
$41.27-0.12%
Dimensional - International Core Equity Market ETF logoDimensional - International Core Equity Market ETFDFAI
Market value
3.31M
Weight
0.02%
AUM
18.23B USD
Expense ratio
0.18%
Price / 1D
$43.35+0.81%
Vanguard FTSE Developed Markets ETF logoVanguard FTSE Developed Markets ETFVEA
Market value
2.52M
Weight
0.00%
AUM
315B USD
Expense ratio
0.03%
Price / 1D
$73.42+0.80%

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