CLH · Clean Harbors Inc - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenue | $6.03B | $5.89B | $5.41B | $5.17B | $3.81B | $3.14B |
| Cost of Revenue | $4.14B | $4.07B | $3.75B | $3.54B | $2.61B | $2.14B |
| Gross Profit | $1.89B | $1.82B | $1.66B | $1.62B | $1.20B | $1.01B |
| R&D | - | - | - | - | - | - |
| SG&A | $752.53M | $739.63M | $671.16M | $627.39M | $537.96M | $451.04M |
| Total Operating Expenses | - | - | - | - | - | - |
| D&A | $446.01M | $400.92M | $365.76M | $347.59M | $298.13M | $292.92M |
| Operating Income | $673.37M | $670.23M | $612.44M | $634.75M | $347.89M | $251.34M |
| Interest Expense | - | - | - | - | - | - |
| Income Tax | $136.99M | $131.14M | $125.42M | $126.25M | $66.47M | $39.71M |
| Net Income | $390.97M | $402.30M | $377.86M | $411.74M | $203.25M | $134.84M |
| EPS - Basic | $7.31 | $7.46 | $6.99 | $7.59 | $3.73 | $2.43 |
| EPS - Diluted | $7.28 | $7.42 | $6.95 | $7.56 | $3.71 | $2.42 |
Balance Sheet
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $826.32M | $687.19M | $444.70M | $492.60M | $452.57M | $519.10M |
| Accounts Receivable | $1.04B | $1.02B | $983.11M | $964.60M | $792.73M | $611.53M |
| Inventory | $372.09M | $384.66M | $327.51M | $324.99M | $250.69M | $214.74M |
| Accounts Payable | $506.59M | $487.29M | $451.81M | $446.63M | $359.87M | $195.88M |
| Current Assets | $2.65B | $2.43B | $2.05B | $2.03B | $1.74B | $1.53B |
| Total Assets | $7.62B | $7.38B | $6.38B | $6.13B | $5.65B | $4.13B |
| Current Liabilities | $1.14B | $1.10B | $1.04B | $1.02B | $925.31M | $636.14M |
| Long-term Debt | $2.76B | $2.77B | $2.29B | $2.41B | $2.52B | $1.55B |
| Total Liabilities | - | - | - | - | - | - |
| Stockholders' Equity | $2.75B | $2.57B | $2.25B | $1.92B | $1.51B | $1.34B |
| Retained Earnings | $2.76B | $2.36B | $1.96B | $1.58B | $1.17B | $969.73M |
Cash Flow
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | $866.73M | $777.77M | $734.55M | $626.21M | $546.00M | $430.60M |
| Investing Cash Flow | ($425.79M) | ($903.67M) | ($575.05M) | ($388.94M) | ($1.51B) | ($199.46M) |
| Financing Cash Flow | ($309.34M) | $377.03M | ($208.89M) | ($187.31M) | $898.25M | ($88.95M) |
| CapEx | $424.92M | $432.24M | $422.30M | $345.06M | $241.86M | $196.26M |
| Free Cash Flow | $441.81M | $345.53M | $312.25M | $281.16M | $304.14M | $234.34M |
Ratios
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | 31.3% | 31.0% | 30.7% | 31.4% | 31.4% | 32.0% |
| Operating margin | 11.2% | 11.4% | 11.3% | 12.3% | 9.1% | 8.0% |
| EBITDA margin | 18.6% | 18.2% | 18.1% | 19.0% | 17.0% | 17.3% |
| Net margin | 6.5% | 6.8% | 7.0% | 8.0% | 5.3% | 4.3% |
| Free cash flow margin | 7.3% | 5.9% | 5.8% | 5.4% | 8.0% | 7.5% |
| FCF / Net income | 1.13 | 0.86 | 0.83 | 0.68 | 1.50 | 1.74 |
| R&D / Revenue | - | - | - | - | - | - |
| SG&A / Revenue | 12.5% | 12.6% | 12.4% | 12.1% | 14.1% | 14.3% |
| Effective tax rate | 25.9% | 24.6% | 24.9% | 23.5% | 24.6% | 22.8% |
| Return on assets | 5.1% | 5.5% | 5.9% | 6.7% | 3.6% | 3.3% |
| Return on equity | 14.2% | 15.6% | 16.8% | 21.4% | 13.4% | 10.1% |
| Return on invested capital | 9.1% | 9.5% | 10.1% | 11.2% | 6.5% | 6.7% |
| Liquidity | ||||||
| Current ratio | 2.33 | 2.21 | 1.98 | 1.99 | 1.88 | 2.40 |
| Quick ratio | 2.00 | 1.86 | 1.66 | 1.68 | 1.61 | 2.06 |
| Cash ratio | 0.73 | 0.62 | 0.43 | 0.48 | 0.49 | 0.82 |
| Leverage | ||||||
| Debt / Equity | 1.01 | 1.08 | 1.02 | 1.26 | 1.66 | 1.16 |
| Debt / Assets | 0.36 | 0.38 | 0.36 | 0.39 | 0.45 | 0.38 |
| Debt / EBITDA | 2.47 | 2.59 | 2.34 | 2.46 | 3.90 | 2.85 |
| Interest coverage | - | - | - | - | - | - |
| Equity multiplier | 2.78 | 2.87 | 2.84 | 3.19 | 3.73 | 3.08 |
| Liabilities / Assets | - | - | - | - | - | - |
| Efficiency | ||||||
| Asset turnover | 0.79 | 0.80 | 0.85 | 0.84 | 0.67 | 0.76 |
| Inventory turnover | 11.14 | 10.57 | 11.44 | 10.90 | 10.41 | 9.95 |
| Days sales outstanding | 63d | 63d | 66d | 68d | 76d | 71d |
| Days inventory outstanding | 33d | 35d | 32d | 33d | 35d | 37d |
| Days payable outstanding | 45d | 44d | 44d | 46d | 50d | 33d |
| Cash conversion cycle | 51d | 54d | 54d | 56d | 61d | 74d |
| Valuation | ||||||
| P / E | 32.2x | 31.0x | 25.1x | 15.1x | 26.9x | 31.4x |
| P / B | 4.6x | 4.8x | 4.2x | 3.2x | 3.6x | 3.2x |
| P / S | 2.1x | 2.1x | 1.8x | 1.2x | 1.4x | 1.3x |
| EV / EBITDA | 13.0x | 13.6x | 11.6x | 8.3x | 11.7x | 9.7x |
| Growth | ||||||
| Revenue growth (YoY) | 2.4% | 8.9% | 4.7% | 35.8% | 21.0% | -7.9% |
| Revenue CAGR (3y) | 5.3% | 15.7% | 19.8% | 14.8% | 11.4% | 2.2% |
| Revenue CAGR (5y) | 13.9% | 11.5% | 14.4% | 11.9% | 6.7% | -0.8% |
| Gross profit growth (YoY) | 3.4% | 9.7% | 2.5% | 35.7% | 18.8% | -1.8% |
| Operating income growth (YoY) | 0.5% | 9.4% | -3.5% | 82.5% | 38.4% | 9.5% |
| Net income growth (YoY) | -2.8% | 6.5% | -8.2% | 102.6% | 50.7% | 38.0% |
| EPS growth (YoY) | -1.9% | 6.8% | -8.1% | 103.8% | 53.3% | 39.1% |
| EPS CAGR (3y) | -1.3% | 26.0% | 42.1% | 63.2% | 47.3% | 11.2% |
| EPS CAGR (5y) | 24.6% | 33.7% | 43.1% | 33.8% | - | 26.1% |
| FCF growth (YoY) | 27.9% | 10.7% | 11.1% | -7.6% | 29.8% | 19.0% |
| FCF CAGR (5y) | 13.5% | 11.9% | 11.7% | 18.8% | 49.9% | 11.0% |
| Book value growth (YoY) | 6.7% | 14.5% | 16.9% | 27.0% | 12.8% | 5.6% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Business segments
$12.06B totalReportable Segments$6.03B · 50.0%
Environmental Services Segment$5.15B · 42.7%
Safety Kleen Sustainability Solutions Segment$884.30M · 7.3%
Product / service
$11.77B totalService$5.15B · 43.8%
Technical Services$1.86B · 15.8%
Industrial Services And Other$1.33B · 11.3%
Safetly Kleen Environmental Services$1.02B · 8.7%
Fieldand Emergency Response$937.36M · 8.0%
Product$876.17M · 7.4%
Safety Kleen Oil$593.87M · 5.0%
Geographic
$5.15B totalUS$4.71B · 91.4%
CA$440.64M · 8.6%
Stability scores
Piotroski F-score
FY 2025 · 9-point quality
7/9
Strong
- ✓Net income positive
- ✓Operating cash flow positive
- ✗ROA improved YoY
- ✓Cash flow > net income
- ✓Long-term debt decreased
- ✓Current ratio improved
- ✓No share dilution
- ✓Gross margin improved
- ✗Asset turnover improved
Peer comparison
Same SIC group: Hazardous Waste Management
Comparing CLEAN HARBORS INC against the 5 most active filers in the same SIC group.