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GFL Environmental Inc. (GFL) stock analysis

GFLNYSERefuse SystemsFiscal year ends December 31
Financials through fiscal 2025, year ended Dec 31, 2025Last filing: 40-F on Feb 18, 2026Score 6/30
$43.38+0.97 (+2.29%)

Close on Nov 11, 2026Market cap $16.09BP/E 6.1Yield –

StockData Score

Prices as of Nov 11, 2026How the score works

Value0Growth2Performance3Health1Dividend0

Weak6 of 30 checks passed

GFL Environmental passes 6 of the 30 checks behind our score; 18 could not be run for lack of data and count as not passed. Each dot in the shape is one check — hover it for the numbers.

Valuation
0/6
Growth
2/6
Past performance
3/6
Financial health
1/6
Dividend
0/6

What stands out

  • Growing faster than the industry

    Revenue grew 7.8% over the last twelve months; the Electric, Gas, and Sanitary Services median is 5.5%.

  • Gross margin improving

    Gross margin was 20.7% over the last twelve months, against 18.4% a year earlier.

  • Return on equity above the industry

    GFL Environmental's return on equity of 53.7% is above the Electric, Gas, and Sanitary Services median of -16.5%.

  • Net margin above its 5-year average

    Net margin was 58.0% over the last twelve months, against a 5-year average of 6.1%.

What to watch

  • Return on equity under 15%

    Return on equity was 53.7% over the last twelve months and averaged 5.6% over five years; we look for 15% on both.

  • High debt

    Debt is 102% of shareholders' equity, above the 40% we consider low.

  • Revenue growing under 10% a year

    Revenue grew -0.7% a year over the last three fiscal years, short of the 10% we look for.

  • Debt not well covered by cash flow

    Operating cash flow over the last twelve months equals 17.7% of total debt; we look for at least 20%.

Valuation0/6

  • P/E against its history

    Not enough price and earnings history to compare.

  • P/E against the industry

    Needs positive earnings and enough profitable companies in the industry.

  • EV/EBITDA against its history

    Needs positive EBITDA and price history.

  • P/B against the industry

    Needs positive book value.

  • Price against fair value

    We could not estimate a fair value: it needs at least two valuation methods with positive inputs.

  • Margin of safety

    Depends on the fair value estimate.

Growth2/6

  • Revenue growing under 10% a year

    Revenue grew -0.7% a year over the last three fiscal years, short of the 10% we look for.

  • EPS growth over 3 years

    Needs positive EPS three years ago and today.

  • Earnings acceleration

    Needs positive net income now, a year ago and five years ago.

  • Growing faster than the industry

    Revenue grew 7.8% over the last twelve months; the Electric, Gas, and Sanitary Services median is 5.5%.

  • Company guidance

    No outlook found in earnings releases from the last twelve months.

  • Gross margin improving

    Gross margin was 20.7% over the last twelve months, against 18.4% a year earlier.

Past performance3/6

  • Return on equity under 15%

    Return on equity was 53.7% over the last twelve months and averaged 5.6% over five years; we look for 15% on both.

  • Return on invested capital

    Needs operating income and invested capital.

  • Return on equity above the industry

    GFL Environmental's return on equity of 53.7% is above the Electric, Gas, and Sanitary Services median of -16.5%.

  • Earnings over 5 years

    Needs positive net income five years ago and in the latest year.

  • Net margin above its 5-year average

    Net margin was 58.0% over the last twelve months, against a 5-year average of 6.1%.

  • Net margin above the industry

    GFL Environmental's net margin of 58.0% is above the Electric, Gas, and Sanitary Services median of -6.7%.

Financial health1/6

  • High debt

    Debt is 102% of shareholders' equity, above the 40% we consider low.

  • Debt falling against equity

    Debt to equity fell from 111% five years ago to 102%.

  • Debt not well covered by cash flow

    Operating cash flow over the last twelve months equals 17.7% of total debt; we look for at least 20%.

  • Interest coverage

    Interest expense is not reported separately.

  • Short-term assets don't cover short-term debts

    Current assets are 0.58 times current liabilities.

  • Bankruptcy risk (Altman Z)

    Needs market value, working capital and retained earnings.

Dividend0/6

  • No dividend

    GFL Environmental has not paid a dividend in the last twelve months.

  • Yield against Treasuries

    No dividend.

  • Yield against the market

    No dividend.

  • Dividend stability

    No dividend.

  • Earnings cover

    No dividend.

  • Cash-flow cover

    No dividend.

Scores of similar companies

Fair value

How we estimate it

We don't publish a fair value for GFL Environmental. It needs a US-dollar share price, at least two valuation methods with positive inputs (earnings, EBITDA, book value or sales) and, for companies with several share classes, classes that trade at the same price.

An estimate from reported numbers and market multiples, not a price target or investment advice. It can be far off for companies whose profits are about to change sharply.

Market risk

From the past year of daily prices.

Liquidity

Low risk

Average value traded per day
$236.15M
Value traded per 1% price move
$85.76M

Downside

Low risk

Typical loss in a bad month
14.9%
Volatility (annualized)
31%
Sharpe ratio, 1 year
-0.17
Beta to the S&P 500 (5Y)
0.78

Typical bad-month loss, week by week

25%: high

Margins

Share of revenue, fiscal years 2018 to 2025

Gross margin

20.7%+16.1 pts over 5 years

Net margin

58.0%+84.2 pts over 5 years

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