GFL Environmental Inc. (GFL) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 21, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 40-F for FY2025, filed Feb 18, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the GFL SEC filings page.
GFL Environmental Inc. (GFL) reported $4.8B in revenue for fiscal year 2025, up 13.2% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 7 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Financial Health Signals
Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group, and the overall is the average of the dimensions that can be computed: here 5 of 6, with the others left out rather than counted as zero. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of GFL Environmental Inc.'s business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
GFL Environmental Inc.'s revenue grew 13.2% year-over-year to $4.8B, a solid pace of expansion. This earns a growth score of 12/100.
GFL Environmental Inc. has a moderate D/E ratio of 1.02. This balance of debt and equity financing earns a leverage score of 46/100.
GFL Environmental Inc.'s current ratio of 0.58 is below the typical benchmark, resulting in a score of 6/100. This tight liquidity could limit financial flexibility if cash inflows slow.
Not available for GFL Environmental Inc., so it is left out of the overall score, which averages the 5 of 6 dimensions that can be computed.
GFL Environmental Inc.'s ROE of 52.5% shows moderate profitability relative to equity, earning a score of 57/100. This is up from -10.4% the prior year.
GFL Environmental Inc. passes 7 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 3 of 4 profitability signals pass, all 2 leverage/liquidity signals pass, both operating efficiency signals pass.
For every $1 of reported earnings, GFL Environmental Inc. generates $0.34 in operating cash flow ($959.7M OCF vs $2.8B net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
Key Financial Metrics
Earnings & Revenue
GFL Environmental Inc. generated $4.8B in revenue in fiscal year 2025. This represents an increase of 13.2% from the prior year.
GFL Environmental Inc. reported $2.8B in net income in fiscal year 2025. The change from the prior year is not meaningful, because that figure was zero or negative.
GFL Environmental Inc. earned $7.29 per diluted share (EPS) in fiscal year 2025. The change from the prior year is not meaningful, because that figure was zero or negative.
Not reported for fiscal year 2025.
Cash & Balance Sheet
GFL Environmental Inc. held $62.4M in cash against $5.4B in long-term debt as of fiscal year 2025.
Not reported for fiscal year 2025.
Not reported for fiscal year 2025.
Margins & Returns
GFL Environmental Inc.'s gross margin was 20.7% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 2.3 percentage points from the prior year.
GFL Environmental Inc.'s net profit margin was 58.0% in fiscal year 2025, showing the share of revenue converted to profit. This is up 69.7 percentage points from the prior year.
GFL Environmental Inc.'s ROE was 52.5% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 62.9 percentage points from the prior year.
Not reported for fiscal year 2025.
Capital Allocation
None of these metrics is reported for fiscal year 2025.
GFL Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | FY2540-F | FY2440-F | FY2340-F | FY2240-F | FY2140-F | FY2040-F | FY1940-F |
|---|---|---|---|---|---|---|---|
| Revenue | $4.8B+13.2% | $4.3B-25.1% | $5.7B+13.9% | $5.0B+24.3% | $4.0B+22.2% | $3.3B+27.4% | $2.6B |
| Cost of Revenue | $3.8B+10.0% | $3.5B-26.5% | $4.7B+7.4% | $4.4B+20.8% | $3.6B+16.2% | $3.1B+32.5% | $2.4B |
| Gross Profit | $997.2M+27.2% | $783.9M-18.5% | $961.5M+63.1% | $589.4M+59.0% | $370.7M+148.7% | $149.1M-29.4% | $211.2M |
| Interest Expense | $332.7M-15.0% | $391.4M-3.0% | $403.5M+27.8% | $315.6M+24.5% | $253.5M-13.2% | $292.0M-19.9% | $364.7M |
| Income Tax | -$10.4Mn/m | -$157.2M-229.8% | $121.1Mn/m | -$130.1Mn/m | -$85.5Mn/m | -$198.7Mn/m | -$121.5M |
| Net Income | $2.8Bn/m | -$501.9M-1559.4% | $34.4Mn/m | -$230.4Mn/m | -$474.9Mn/m | -$864.4Mn/m | -$348.5M |
| EPS (Basic) | $7.47n/m | -$1.47n/m | -$0.10n/m | -$0.80n/m | -$1.43n/m | -$2.43n/m | -$1.93 |
| EPS (Diluted) | $7.29n/m | -$1.47n/m | -$0.10n/m | -$0.80n/m | -$1.43n/m | -$2.43 | N/A |
| Diluted Shares (Avg) | 379M-0.6% | 381M | N/A | N/A | N/A | N/A | N/A |
Not reported in any period shown, so not listed: R&D Expenses, SG&A Expenses, Operating Income, EBITDA.
GFL Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | FY2540-F | FY2440-F | FY2340-F | FY2240-F | FY2140-F | FY2040-F | FY1940-F |
|---|---|---|---|---|---|---|---|
| Total Assets | $14.1B-4.5% | $14.7B-2.2% | $15.1B+3.1% | $14.6B+1.5% | $14.4B+16.7% | $12.3B+29.7% | $9.5B |
| Current Assets | $849.0M-27.9% | $1.2B+4.7% | $1.1B+10.1% | $1.0B-12.7% | $1.2B+45.2% | $806.2M-26.4% | $1.1B |
| Cash & Equivalents | $62.4M-32.8% | $92.9M-9.6% | $102.8M+69.4% | $60.7M-59.3% | $149.0M+598.7% | $21.3M-95.2% | $443.5M |
| Inventory | $44.4M-40.6% | $74.8M+0.5% | $74.4M+19.5% | $62.2M-3.0% | $64.2M+42.6% | $45.0M+15.5% | $39.0M |
| Accounts Receivable | $584.9M-28.3% | $816.0M-0.2% | $818.1M-1.0% | $826.3M-7.0% | $888.1M+30.6% | $680.1M+23.6% | $550.4M |
| Goodwill | $5.0B-10.2% | $5.6B-6.3% | $6.0B-1.2% | $6.0B+3.0% | $5.9B+15.2% | $5.1B+27.7% | $4.0B |
| Total Liabilities | $8.6B-11.3% | $9.7B+2.6% | $9.5B-6.7% | $10.1B+2.7% | $9.9B+24.0% | $8.0B+8.0% | $7.4B |
| Current Liabilities | $1.5B-33.4% | $2.2B+59.6% | $1.4B-31.1% | $2.0B+67.0% | $1.2B+27.3% | $935.7M+40.2% | $667.4M |
| Non-Current Liabilities | $7.2B-4.9% | $7.5B-7.0% | $8.1B-0.7% | $8.2B-6.1% | $8.7B+23.6% | $7.0B+4.8% | $6.7B |
| Long-Term Debt | $5.4B-12.0% | $6.1B-8.1% | $6.7B-2.2% | $6.8B+9.4% | $6.2B+29.3% | $4.8B-17.2% | $5.8B |
| Total Equity | $5.3B+9.9% | $4.8B-10.9% | $5.4B+21.9% | $4.5B-1.3% | $4.5B+3.5% | $4.4B+104.6% | $2.1B |
| Retained Earnings | $167.4Mn/m | -$2.5Bn/m | -$2.1Bn/m | -$2.1Bn/m | -$2.0Bn/m | -$1.5Bn/m | -$594.3M |
Not reported in any period shown, so not listed: Short-Term Investments, Long-Term Investments.
GFL Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | FY2540-F | FY2440-F | FY2340-F | FY2240-F | FY2140-F | FY2040-F | FY1940-F |
|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $959.7M-10.3% | $1.1B+44.0% | $742.6M-8.3% | $810.2M+15.3% | $702.7M+78.5% | $393.8M+103.4% | $193.6M |
| Investing Cash Flow | $2.9Bn/m | -$1.2Bn/m | -$235.1Mn/m | -$1.3Bn/m | -$2.1Bn/m | -$3.4Bn/m | -$893.6M |
| Financing Cash Flow | -$3.9B-3521.3% | $113.3Mn/m | -$456.6M-208.6% | $420.5M-72.7% | $1.5B-41.3% | $2.6B+130.7% | $1.1B |
| Dividends Paid | $22.7M+15.8% | $19.6M+3.4% | $18.9M+23.8% | $15.3M+9.2% | $14.0M+36.4% | $10.3Mn/m | $0 |
Not reported in any period shown, so not listed: Depreciation & Amortization, Stock-Based Compensation, Capital Expenditures, Free Cash Flow, Share Buybacks.
GFL Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | FY2540-F | FY2440-F | FY2340-F | FY2240-F | FY2140-F | FY2040-F | FY1940-F |
|---|---|---|---|---|---|---|---|
| Gross Margin | 20.7%+2.3pp | 18.4%+1.5pp | 16.9%+5.1pp | 11.8%+2.6pp | 9.2%+4.7pp | 4.5%-3.6pp | 8.2% |
| Net Margin | 58.0%+69.7pp | -11.8%-12.4pp | 0.6%+5.2pp | -4.6%+7.2pp | -11.8%+14.5pp | -26.3%-12.8pp | -13.5% |
| Return on Equity | 52.5%+62.9pp | -10.4%-11.0pp | 0.6%+5.8pp | -5.2%+5.3pp | -10.5%+9.3pp | -19.8%-3.5pp | -16.3% |
| Return on Assets | 19.9%+23.3pp | -3.4%-3.6pp | 0.2%+1.8pp | -1.6%+1.7pp | -3.3%+3.7pp | -7.0%-3.3pp | -3.7% |
| Current Ratio | 0.580.0x | 0.54-0.3x | 0.82+0.3x | 0.51-0.5x | 0.98+0.1x | 0.86-0.8x | 1.64 |
| Debt-to-Equity | 1.02-0.3x | 1.270.0x | 1.23-0.3x | 1.53+0.1x | 1.38+0.3x | 1.11-1.6x | 2.73 |
| Liabilities-to-Equity | 1.62-0.4x | 2.00+0.3x | 1.74-0.5x | 2.27+0.1x | 2.18+0.4x | 1.82-1.6x | 3.45 |
| Asset Turnover | 0.34+0.1x | 0.29-0.1x | 0.380.0x | 0.34+0.1x | 0.280.0x | 0.270.0x | 0.27 |
Not reported in any period shown, so not listed: Operating Margin, FCF Margin.
Note: The current ratio is below 1.0 (0.58), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| GFL Environmental Inc. GFL | FY2025 | $4.8B | $2.8B | 58.0% | $19.0B | 38/100 |
| Clean Harbors, Inc CLH | FY2025 | $6.0B | $391.0M | 6.5% | $16.9B | 59/100 |
| Waste Connections, Inc. WCN | FY2025 | $9.5B | $1.1B | 11.4% | $42.3B | 52/100 |
| Republic Services, Inc. RSG | FY2025 | $19.0B | $2.1B | 11.2% | $70.5B | 52/100 |
| Waste Management, Inc. WM | FY2025 | $25.2B | $2.7B | 10.7% | $91.8B | 55/100 |
| Casella Waste Systems Inc CWST | FY2025 | $1.8B | $7.9M | 0.4% | $5.7B | 46/100 |
Where GFL Environmental Inc. Ranks
Frequently Asked Questions
What is GFL Environmental Inc.'s annual revenue?
GFL Environmental Inc. (GFL) reported $4.8B in total revenue for fiscal year 2025. This represents a 13.2% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is GFL Environmental Inc.'s revenue growing?
GFL Environmental Inc. (GFL) revenue grew by 13.2% year-over-year, from $4.3B to $4.8B in fiscal year 2025.
Is GFL Environmental Inc. profitable?
Yes, GFL Environmental Inc. (GFL) reported a net income of $2.8B in fiscal year 2025, with a net profit margin of 58.0%.
How much debt does GFL Environmental Inc. have?
As of fiscal year 2025, GFL Environmental Inc. (GFL) had $62.4M in cash and equivalents against $5.4B in long-term debt.
What is GFL Environmental Inc.'s gross margin?
GFL Environmental Inc. (GFL) had a gross margin of 20.7% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is GFL Environmental Inc.'s net profit margin?
GFL Environmental Inc. (GFL) had a net profit margin of 58.0% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is GFL Environmental Inc.'s return on equity (ROE)?
GFL Environmental Inc. (GFL) has a return on equity of 52.5% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is GFL Environmental Inc.'s operating cash flow?
GFL Environmental Inc. (GFL) generated $959.7M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are GFL Environmental Inc.'s total assets?
GFL Environmental Inc. (GFL) had $14.1B in total assets as of fiscal year 2025, including both current and long-term assets.
What is GFL Environmental Inc.'s current ratio?
GFL Environmental Inc. (GFL) had a current ratio of 0.58 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.
What is GFL Environmental Inc.'s debt-to-equity ratio?
GFL Environmental Inc. (GFL) had a debt-to-equity ratio of 1.02 as of fiscal year 2025. We compute it as long-term debt divided by total shareholder equity, where long-term debt is the noncurrent part of the company's borrowings, so debt due within the next twelve months is not counted.
What is GFL Environmental Inc.'s liabilities-to-equity ratio?
GFL Environmental Inc. (GFL) had a liabilities-to-equity ratio of 1.62 as of fiscal year 2025, which is total liabilities divided by total shareholder equity. Total liabilities counts every obligation on the balance sheet (payables, deposits, insurance reserves and deferred taxes as well as borrowings), so this ratio usually runs well above debt-to-equity.
What is GFL Environmental Inc.'s return on assets (ROA)?
GFL Environmental Inc. (GFL) had a return on assets of 19.9% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is GFL Environmental Inc.'s P/E ratio?
GFL Environmental Inc. (GFL) trades at 6.8x earnings, its market capitalization divided by $2.8B net income, FY2025. The market capitalization is $19.0B as of Oct 21, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is GFL Environmental Inc.'s price-to-sales ratio?
GFL Environmental Inc. (GFL) trades at 3.9x sales, its market capitalization divided by $4.8B revenue, FY2025. The market capitalization is $19.0B as of Oct 21, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is GFL Environmental Inc.'s Piotroski F-Score?
GFL Environmental Inc. (GFL) has a Piotroski F-Score of 7 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are GFL Environmental Inc.'s earnings high quality?
GFL Environmental Inc. (GFL) has an earnings quality ratio of 0.34x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
How financially healthy is GFL Environmental Inc.?
GFL Environmental Inc. (GFL) scores 38 out of 100 on our Financial Health Score, indicating weak standing within its operating companies peer group. The score is the average of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. For GFL Environmental Inc. it averages the 5 of 6 dimensions that can be computed; the others are left out rather than counted as zero. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.