GFL Environmental Inc. (GFL)
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.
Sector: Refuse Systems
Industry: Waste Management
GFL Environmental Inc.
NYSE:GFLIndustrials · Waste Management
+0.43%$46.32
CLOSED · Nov 6Prev close$46.12+0.43%Close$46.32+0.43%AH close$46.52
AH$46.52+0.43%vs close
Mkt Cap$20.2B
Float325.79M
O/S436.02M
VOL4.21M sh
$ Vol$193.21M
RVOL0.82×
Inst Own65.2%
SI6.8%
Div Yield0.14%
Dilution
Financials Summary
Revenue$4.7B
Net Income$2.73B
Total Assets$13.72B
Free Cash Flow$124.13M
Debt & Equity
Debt 52%
Equity 48%
Total Debt$5.64B
Total Equity$5.19B
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in GFL's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$13.72B
Liabilities$8.4B
Accounts Receivable$570.16M
Accounts Payable$604.85M
Inventory$0
PP&E (Net)$5.21B
Goodwill$4.9B
Intangible Assets$1.25B
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 |
| Revenue | $4.7B | $4.36B | $5.34B | $4.81B | $3.65B | $2.98B | $2.38B | $1.32B | $947.7M | $663.76M |
| YoY Growth | 7.8% | -18.3% | 11.2% | 31.6% | 22.4% | 25.4% | 80.7% | 39.0% | 42.8% | - |
| Cost of Revenue | $3.73B | $3.56B | $4.44B | $4.24B | $3.31B | $2.85B | $2.18B | $1.21B | $814.05M | $458.08M |
| Gross Profit | $972.04M | $802.49M | $902.44M | $567.03M | $336.76M | $135.15M | $194.65M | $106M | $133.65M | $205.68M |
| Gross Margin | 20.7% | 18.4% | 16.9% | 11.8% | 9.2% | 4.5% | 8.2% | 8.0% | 14.1% | 31.0% |
| Research and Development | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Selling, General, and Administrative | $687.74M | $614.59M | $692.37M | $519.26M | $400.03M | $361.43M | $196.43M | $244.67M | $111.68M | $85.75M |
| Other | $38.32M | $29.5M | $24.46M | $19.41M | $10.24M | -$226.29M | -$1.78M | $0 | $21.98M | $119.93M |
| Total Operating Expenses | $726.06M | $644.09M | $716.82M | $538.66M | $410.27M | $135.15M | $194.65M | $244.67M | $133.65M | $205.68M |
| Operating Income (EBIT) | $245.98M | $158.39M | $185.62M | $28.37M | -$73.51M | $0 | -$22.54M | -$138.67M | $21.98M | -$6.31M |
| Operating Margin | 5.2% | 3.6% | 3.5% | 0.6% | -2.0% | - | -0.9% | -10.5% | 2.3% | -1.0% |
| Interest Expense | $324.32M | $438.07M | $415.25M | $303.63M | $230.27M | $235.49M | $291.78M | $261.95M | $151.2M | $127.27M |
| Interest Income | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Income (Expense) | -$84.67M | -$957.4M | -$49.05M | -$283.8M | -$449.87M | -$963.87M | -$410.56M | -$305.12M | -$121.47M | -$137.06M |
| Income Before Tax (EBT) | $161.31M | -$799M | $136.57M | -$255.43M | -$523.38M | -$963.87M | -$433.09M | -$443.79M | -$99.5M | -$143.37M |
| Income Tax Expense | -$10.1M | -$160.95M | $113.68M | -$125.19M | -$77.63M | -$180.15M | -$111.97M | -$100.18M | -$27.71M | -$35.16M |
| Net Income | $2.73B | -$513.78M | $32.28M | -$221.66M | -$431.39M | -$783.72M | -$321.12M | -$343.61M | -$71.79M | -$108.21M |
| Net Income Margin | 58.0% | -11.8% | 0.6% | -4.6% | -11.8% | -26.3% | -13.5% | -26.1% | -7.6% | -16.3% |
| Supplementary Data | ||||||||||
| EPS | 0.66 | -2.11 | 0.13 | -1.08 | -1.83 | -2.80 | -2.50 | -1.54 | -0.31 | -0.48 |
| Diluted EPS | 9.99 | -2.11 | 0.13 | -1.08 | -1.83 | -2.80 | -2.50 | -1.54 | -0.31 | -0.48 |
| Weighted Average OS | 369.56M | 380.84M | 369.66M | 367.17M | 361.57M | 355.32M | 180.55M | 314.05M | 326.42M | 314.05M |
| EBITDA | $1.42B | $716.25M | $1.57B | $1.13B | $697.2M | $180.72M | $471.27M | $112.55M | $221.66M | $110.14M |
| EBITDA Margin | 30.2% | 16.4% | 29.5% | 23.6% | 19.1% | 6.1% | 19.8% | 8.5% | 23.4% | 16.6% |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 |
| Assets | |||||||||
| Current Assets | |||||||||
| Cash and Cash Equivalents | $60.85M | $95.12M | $96.47M | $58.37M | $135.36M | $19.34M | $408.64M | $5.29M | $7K |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $60.85M | $95.12M | $96.47M | $58.37M | $135.36M | $19.34M | $408.64M | $5.29M | $7K |
| Accounts Receivable | $570.16M | $896.54M | $801.7M | $785.42M | $806.68M | $559.07M | $507.17M | $408.59M | $226.53M |
| Inventory | $0 | $76.57M | $69.81M | $59.86M | $58.3M | $0 | $35.9M | $30.14M | $17.02M |
| Other Current Assets | $68.25M | $137.21M | $87.73M | $9.46M | $0 | $98.32M | $0 | $0 | $40.52M |
| Total Current Assets | $827.65M | $1.21B | $1.06B | $983.27M | $1.06B | $730.97M | $1.01B | $484.24M | $284.7M |
| Long-Term Assets | |||||||||
| Property, Plant & Equipment Net | $5.21B | $5.58B | $4.96B | $4.65B | $4.27B | $3.61B | $2.03B | $1.73B | $717.52M |
| Goodwill | $4.9B | $5.73B | $5.61B | $5.82B | $5.33B | $4.62B | $3.68B | $3.54B | $1.03B |
| Intangible Assets | $1.25B | $2.01B | $2.17B | $2.31B | $2.37B | $2.2B | $2.02B | $2.09B | $413.93M |
| Long-Term Investments | $1.35B | $244.84M | $226.78M | $232.19M | $0 | $0 | $0 | $853K | $0 |
| Deferred Tax Assets | $0 | $148.8M | $46.07M | $0 | $0 | $0 | $0 | $138.74M | $0 |
| Other Long-Term Assets | $182.56M | $147.44M | $58.94M | $64.12M | $42.02M | $23.6M | $22.47M | -$115.04M | $8.12M |
| Total Long-Term Assets | $12.89B | $13.87B | $13.08B | $13.07B | $12.02B | $10.45B | $7.75B | $7.39B | $2.17B |
| Other Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Assets | $13.72B | $15.08B | $14.13B | $14.05B | $13.08B | $11.18B | $8.76B | $7.87B | $2.45B |
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts Payable | $604.85M | $577.48M | $505.46M | $466.86M | $402.17M | $293.68M | $520.39M | $430.99M | $222.21M |
| Short-Term Debt | $0 | $817.13M | $11.02M | $30.36M | $61.78M | $54.46M | $45.78M | $38.15M | $6.57M |
| Current Income Tax Payable | $0 | $0 | $0 | $0 | $18.34M | $0 | $2.06M | $2.74M | $355K |
| Current Unearned Revenue | $211.71M | $164.65M | $147.73M | $176.38M | $141.26M | $0 | $0 | $0 | $9.68M |
| Other Current Liabilities | $31.28M | $36.75M | $39.95M | $739.5M | $27.8M | $166.92M | $18.2M | $12.53M | $2.78M |
| Total Current Liabilities | $1.42B | $2.24B | $1.29B | $1.91B | $1.08B | $848.34M | $615.02M | $484.4M | $241.23M |
| Long-Term Liabilities | |||||||||
| Long-Term Debt | $5.28B | $6.29B | $6.28B | $6.58B | $6.56B | $4.45B | $5.38B | $4.43B | $1.74B |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$4.5B | -$1.6B |
| Long-Term Deferred Tax Liabilities | $552.88M | $330.22M | $379.63M | $414.18M | $514.64M | $0 | $521.67M | $539.69M | $81.32M |
| Other Long-Term Liabilities | $825.38M | $739.57M | $664.78M | $614.16M | $627.39M | $1.82B | $168.77M | $98.89M | $104.21M |
| Total Long-Term Liabilities | $6.98B | $7.7B | $7.59B | $7.84B | $7.89B | $6.37B | $6.18B | $5.12B | $1.85B |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $8.4B | $9.94B | $8.88B | $9.76B | $8.97B | $7.22B | $6.79B | $5.6B | $2.09B |
| Stockholders' Equity | |||||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock | $4.98B | $7.07B | $6.99B | $6.14B | $6.02B | $5.43B | $2.51B | $2.47B | $625.28M |
| Retained Earnings | $163.16M | -$2.54B | -$2.01B | -$2.02B | -$1.78B | -$1.34B | -$547.62M | -$226.54M | -$271.34M |
| Comprehensive Income & Other | -$100.1M | $328.87M | $10.73M | $92.63M | -$180.36M | -$171.69M | -$1.92M | $27.69M | -$7.06M |
| Other Stockholders' Equity | $46.14M | $436.43M | $117.02M | $170.55M | -$125.34M | -$133.08M | $9.74M | $29.09M | $7.91M |
| Total Equity | $5.19B | $4.96B | $5.1B | $4.29B | $4.11B | $3.96B | $1.97B | $2.27B | $361.85M |
| Minority Interest | $129.81M | $172.97M | $148.65M | $4.91M | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $13.59B | $14.9B | $13.98B | $14.05B | $13.08B | $11.18B | $8.76B | $7.87B | $2.45B |
| Supplementary Data | |||||||||
| Total Debt | $5.64B | $7.5B | $6.6B | $6.88B | $6.85B | $4.64B | $5.56B | $4.47B | $1.75B |
| Net Debt | $5.58B | $7.4B | $6.51B | $6.82B | $6.71B | $4.62B | $5.15B | $4.47B | $1.75B |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 |
| Operating Activities | ||||||||||
| Net Income | $2.73B | -$524.45M | $32.28M | -$221.17M | -$431.39M | -$783.72M | -$321.12M | -$343.61M | -$71.79M | -$108.21M |
| Depreciation & Amortization | $935.64M | $1.11B | $1.06B | $1.08B | $990.31M | $879.83M | $568.31M | $293.56M | $169.96M | $126.24M |
| Deferred Income Tax | $0 | -$147.23M | -$140.12M | -$121.64M | -$75.36M | -$180.15M | -$111.97M | -$81.94M | -$27.71M | -$35.16M |
| Stock-Based Compensation | $107.7M | $74.43M | $88.72M | $39.17M | $32.49M | $26.94M | $10.31M | $14.79M | $3.62M | $2.18M |
| Changes in Working Capital: | ||||||||||
| Accounts Receivable | $34.98M | -$77.63M | $41.02M | -$157.11M | -$98.11M | -$43.93M | -$40.74M | -$27.39M | -$56.11M | -$8.95M |
| Inventory | $0 | $0 | $0 | $157.11M | $98.11M | $0 | $0 | $0 | $0 | $0 |
| Accounts Payable | $0 | $0 | -$2.42M | $114.03M | $81.26M | $59.29M | $9.46M | $9.41M | $31.87M | $6.79M |
| Other Working Capital | -$22.39M | $64.91M | -$16.56M | -$174.82M | -$114.03M | -$355K | -$21.97M | -$3.54M | -$53.31M | -$2.13M |
| Total Working Capital Change | $12.58M | -$12.73M | $22.04M | -$60.78M | -$32.77M | $15M | -$53.25M | -$21.52M | -$21.44M | $4.65M |
| Other Non-Cash Items | -$2.85B | $590.35M | -$364.99M | $59.29M | $155.05M | $399.11M | $86.16M | $734.28M | $37.19M | $67.8M |
| Net Cash from Operating | $935.57M | $1.09B | $696.99M | $779.38M | $638.34M | $357.02M | $178.44M | -$24.34M | $89.84M | $57.51M |
| Investing Activities | ||||||||||
| Capital Expenditures | -$811.44M | -$848.13M | -$750.09M | -$554.59M | -$460.11M | -$304.49M | -$325.46M | -$113.94M | -$144.42M | -$88.36M |
| Acquisitions | -$698.98M | -$400.6M | $485.49M | -$937.13M | -$1.63B | -$2.8B | -$512.79M | -$4.73B | -$170.7M | -$1.16B |
| Purchases of Investments | $0 | $0 | $0 | -$33.84M | $0 | $0 | $0 | $0 | $0 | $0 |
| Sales of Investments | $0 | $0 | $0 | $33.84M | $0 | $0 | $0 | $0 | $2.74M | $0 |
| Other Investing Activities | $4.32B | $51.26M | $43.93M | $258.85M | $184.63M | $11.37M | $14.79M | $10.81M | $8.73M | $2.97M |
| Net Cash from Investing | $2.81B | -$1.2B | -$220.67M | -$1.23B | -$1.91B | -$3.09B | -$823.46M | -$4.84B | -$306.39M | -$1.24B |
| Financing Activities | ||||||||||
| Debt Repaid | $1.64B | -$159.67M | $379.49M | -$434.3M | -$1.18B | $1.16B | -$1.07B | -$2.48B | -$214.97M | -$804.98M |
| Common Stock Issuance | $0 | $0 | $0 | $0 | $264.82M | $3.59B | $0 | $2.28B | $0 | $411.62M |
| Common Stock Repurchases | -$2.11B | $0 | $0 | $0 | $0 | -$569K | -$4.12M | -$3.63M | $0 | $0 |
| Dividends Paid | -$22.11M | -$20.05M | -$17.77M | -$14.72M | -$12.73M | -$9.31M | $0 | $0 | $0 | $0 |
| Other Financing Activities | -$10.45M | -$23.6M | -$31.28M | -$15.07M | -$38.53M | -$51.26M | -$20.83M | $22.39M | -$7.96M | $389.4M |
| Net Cash from Financing | -$3.78B | $116.02M | -$428.54M | $404.51M | $1.4B | $2.37B | $1.05B | $4.78B | $207.01M | $1.19B |
| Forex Effect | -$4.19M | -$14.86M | -$9.67M | -$28.01M | -$8.67M | -$24.6M | $2.99M | $10.02M | -$763K | $0 |
| Net Change in Cash | -$34.27M | -$1.35M | $38.11M | -$76.99M | $116.02M | -$389.3M | $403.38M | $5.29M | -$10.3M | $10.31M |
| Supplementary Data | ||||||||||
| Operating Cash Flow | $935.57M | $1.09B | $696.99M | $779.38M | $638.34M | $357.02M | $178.44M | -$24.34M | $89.84M | $57.51M |
| Capital Expenditure | -$811.44M | -$848.13M | -$750.09M | -$554.59M | -$460.11M | -$304.49M | -$325.46M | -$113.94M | -$144.42M | -$88.36M |
| Free Cash Flow | $124.13M | $246.83M | -$53.11M | $224.79M | $178.23M | $52.54M | -$147.02M | -$138.28M | -$54.58M | -$30.85M |
| Cash at Beginning | $95.12M | $96.47M | $58.37M | $135.36M | $19.34M | $408.64M | $5.26M | $7K | $10.31M | $4K |
| Cash at End | $60.85M | $95.12M | $96.47M | $58.37M | $135.36M | $19.34M | $408.64M | $5.29M | $7K | $10.31M |