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GFL Environmental Inc.

GFLIndustrialsNASDAQ

Waste Management · Last scanned May 29, 2026

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Financials · Annual
Revenue
$6.62B
+7.8% YoY
Net Income
$3.83B
+630.5% YoY
EBITDA
$2.00B
+98.4% YoY
Free Cash Flow
$33.6M

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About GFL Environmental Inc.

GFL Environmental Inc. provides non-hazardous solid waste management services in Canada and the United States. At a $12.37B market cap, GFL Environmental Inc. ranks as a large-cap company within industrials. It offers solid waste management services, including collection, transportation, transfer, recycling, and disposal services for municipal, residential, commercial, and industrial customers.

Key stats
Market Cap$12.37B
P/E (TTM)92.65
Fwd P/E38.48
EPS$0.37
Beta0.51
52W Change-32.0%
Dividend Yield0.18%
ROE3.0%
Analysis

GFL Environmental Inc. carries $9.89B in total debt against $1.44B in cash reserves — debt is roughly 6.9x the cash position. Managing this leverage effectively will be important for long-term financial stability. The company generates $33.6M in free cash flow annually, which funds everything from R&D to shareholder returns without needing external financing. ROE of 3.0% points to modest capital efficiency, indicating how much profit the company produces per dollar of shareholder equity. ROA of 1.3% is on the lower side, which is common in asset-heavy industries. Revenue has been relatively flat, moving from $6.76B (2022) to $6.62B (2025).

The relatively low beta of 0.51 suggests GFL is a less volatile holding compared to the broader index. The debt-to-cash ratio suggests meaningful leverage on the balance sheet, a factor worth monitoring if credit conditions tighten. At over 50x earnings, GFL carries valuation risk — any slowdown in growth expectations could lead to meaningful price adjustments. It is important to consider these factors alongside broader market conditions and individual financial goals when reviewing GFL.

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