Waste Management
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GFL vs RSG
Revenue, margins, valuation, and 5-year total return — side by side.
Waste Management
GFL vs RSG — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | ||
|---|---|---|
| Industry | Waste Management | Waste Management |
| Market Cap | $12.59B | $61.82B |
| Revenue (TTM) | $6.70B | $16.59B |
| Net Income (TTM) | $209M | $2.14B |
| Gross Margin | 20.6% | 30.3% |
| Operating Margin | 5.5% | 20.0% |
| Forward P/E | 39.1x | 27.6x |
| Total Debt | $7.93B | $596M |
| Cash & Equiv. | $86M | $76M |
GFL vs RSG — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
| Stock | May 20 | May 26 | Return |
|---|---|---|---|
| GFL Environmental I… (GFL) | 100 | 189.8 | +89.8% |
| Republic Services, … (RSG) | 100 | 233.7 | +133.7% |
Price return only. Dividends and distributions are not included.
Quick Verdict: GFL vs RSG
Each card shows where this stock fits in a portfolio — not just who wins on paper.
GFL is the clearest fit if your priority is growth exposure.
- Rev growth 7.8%, EPS growth 5.7%, 3Y rev CAGR -0.7%
- 7.8% revenue growth vs RSG's 3.5%
RSG carries the broadest edge in this set and is the clearest fit for income & stability and long-term compounding.
- Dividend streak 23 yrs, beta -0.15, yield 1.2%
- 353.8% 10Y total return vs GFL's 119.1%
- Lower volatility, beta -0.15, Low D/E 5.0%, current ratio 0.64x
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | 7.8% revenue growth vs RSG's 3.5% | |
| Value | Lower P/E (27.6x vs 39.1x) | |
| Quality / Margins | 12.9% margin vs GFL's 3.1% | |
| Stability / Safety | Lower D/E ratio (5.0% vs 106.0%) | |
| Dividends | 1.2% yield, 23-year raise streak, vs GFL's 0.2% | |
| Momentum (1Y) | -19.4% vs GFL's -28.5% | |
| Efficiency (ROA) | 6.2% ROA vs GFL's 1.1%, ROIC 13.5% vs 1.6% |
GFL vs RSG — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
GFL vs RSG — Financial Metrics
Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.
Income & Cash Flow (Last 12 Months)
RSG leads this category, winning 5 of 6 comparable metrics.
Income & Cash Flow (Last 12 Months)
RSG is the larger business by revenue, generating $16.6B annually — 2.5x GFL's $6.7B. RSG is the more profitable business, keeping 12.9% of every revenue dollar as net income compared to GFL's 3.1%. On growth, GFL holds the edge at +5.4% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | ||
|---|---|---|
| RevenueTrailing 12 months | $6.7B | $16.6B |
| EBITDAEarnings before interest/tax | $1.7B | $5.3B |
| Net IncomeAfter-tax profit | $209M | $2.1B |
| Free Cash FlowCash after capex | $87M | $2.4B |
| Gross MarginGross profit ÷ Revenue | +20.6% | +30.3% |
| Operating MarginEBIT ÷ Revenue | +5.5% | +20.0% |
| Net MarginNet income ÷ Revenue | +3.1% | +12.9% |
| FCF MarginFCF ÷ Revenue | +1.3% | +14.5% |
| Rev. Growth (YoY)Latest quarter vs prior year | +5.4% | +2.2% |
| EPS Growth (YoY)Latest quarter vs prior year | -107.3% | +8.0% |
Valuation Metrics
Evenly matched — GFL and RSG each lead in 3 of 6 comparable metrics.
Valuation Metrics
At 4.9x trailing earnings, GFL trades at a 83% valuation discount to RSG's 29.2x P/E. On an enterprise value basis, RSG's 11.9x EV/EBITDA is more attractive than GFL's 15.0x.
| Metric | ||
|---|---|---|
| Market CapShares × price | $12.6B | $61.8B |
| Enterprise ValueMkt cap + debt − cash | $18.4B | $62.3B |
| Trailing P/EPrice ÷ TTM EPS | 4.95x | 29.15x |
| Forward P/EPrice ÷ next-FY EPS est. | 39.09x | 27.58x |
| PEG RatioP/E ÷ EPS growth rate | — | 1.64x |
| EV / EBITDAEnterprise value multiple | 15.02x | 11.87x |
| Price / SalesMarket cap ÷ Revenue | 2.59x | 3.73x |
| Price / BookPrice ÷ Book value/share | 2.50x | 5.20x |
| Price / FCFMarket cap ÷ FCF | 98.01x | 25.66x |
Profitability & Efficiency
RSG leads this category, winning 8 of 9 comparable metrics.
Profitability & Efficiency
RSG delivers a 17.9% return on equity — every $100 of shareholder capital generates $18 in annual profit, vs $3 for GFL. RSG carries lower financial leverage with a 0.05x debt-to-equity ratio, signaling a more conservative balance sheet compared to GFL's 1.06x. On the Piotroski fundamental quality scale (0–9), GFL scores 8/9 vs RSG's 7/9, reflecting strong financial health.
| Metric | ||
|---|---|---|
| ROE (TTM)Return on equity | +2.7% | +17.9% |
| ROA (TTM)Return on assets | +1.1% | +6.2% |
| ROICReturn on invested capital | +1.6% | +13.5% |
| ROCEReturn on capital employed | +2.0% | +11.3% |
| Piotroski ScoreFundamental quality 0–9 | 8 | 7 |
| Debt / EquityFinancial leverage | 1.06x | 0.05x |
| Net DebtTotal debt minus cash | $7.8B | $520M |
| Cash & Equiv.Liquid assets | $86M | $76M |
| Total DebtShort + long-term debt | $7.9B | $596M |
| Interest CoverageEBIT ÷ Interest expense | 1.59x | 5.79x |
Total Returns (Dividends Reinvested)
RSG leads this category, winning 6 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in RSG five years ago would be worth $18,983 today (with dividends reinvested), compared to $11,320 for GFL. Over the past 12 months, RSG leads with a -19.4% total return vs GFL's -28.5%. The 3-year compound annual growth rate (CAGR) favors RSG at 12.3% vs GFL's 0.0% — a key indicator of consistent wealth creation.
| Metric | ||
|---|---|---|
| YTD ReturnYear-to-date | -15.0% | -4.4% |
| 1-Year ReturnPast 12 months | -28.5% | -19.4% |
| 3-Year ReturnCumulative with dividends | +0.1% | +41.6% |
| 5-Year ReturnCumulative with dividends | +13.2% | +89.8% |
| 10-Year ReturnCumulative with dividends | +119.1% | +353.8% |
| CAGR (3Y)Annualised 3-year return | +0.0% | +12.3% |
Risk & Volatility
RSG leads this category, winning 2 of 2 comparable metrics.
Risk & Volatility
RSG is the less volatile stock with a -0.15 beta — it tends to amplify market swings less than GFL's 0.20 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. RSG currently trades 77.2% from its 52-week high vs GFL's 70.4% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | ||
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 0.20x | -0.15x |
| 52-Week HighHighest price in past year | $51.70 | $258.75 |
| 52-Week LowLowest price in past year | $36.17 | $199.59 |
| % of 52W HighCurrent price vs 52-week peak | +70.4% | +77.2% |
| RSI (14)Momentum oscillator 0–100 | 30.8 | 36.2 |
| Avg Volume (50D)Average daily shares traded | 2.1M | 1.4M |
Analyst Outlook
RSG leads this category, winning 2 of 2 comparable metrics.
Analyst Outlook
Wall Street rates GFL as "Buy" and RSG as "Buy". Consensus price targets imply 55.7% upside for GFL (target: $57) vs 20.1% for RSG (target: $240). For income investors, RSG offers the higher dividend yield at 1.18% vs GFL's 0.17%.
| Metric | ||
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Buy | Buy |
| Price TargetConsensus 12-month target | $56.67 | $239.78 |
| # AnalystsCovering analysts | 18 | 35 |
| Dividend YieldAnnual dividend ÷ price | +0.2% | +1.2% |
| Dividend StreakConsecutive years of raises | 6 | 23 |
| Dividend / ShareAnnual DPS | $0.08 | $2.37 |
| Buyback YieldShare repurchases ÷ mkt cap | +17.3% | +1.4% |
RSG leads in 5 of 6 categories — strongest in Income & Cash Flow and Profitability & Efficiency. 1 category is tied.
GFL vs RSG: Frequently Asked Questions
10 questions · data-driven answers · updated daily
01Is GFL or RSG a better buy right now?
For growth investors, GFL Environmental Inc.
(GFL) is the stronger pick with 7. 8% revenue growth year-over-year, versus 3. 5% for Republic Services, Inc. (RSG). GFL Environmental Inc. (GFL) offers the better valuation at 4. 9x trailing P/E (39. 1x forward), making it the more compelling value choice. Analysts rate GFL Environmental Inc. (GFL) a "Buy" — based on 18 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.
02Which has the better valuation — GFL or RSG?
On trailing P/E, GFL Environmental Inc.
(GFL) is the cheapest at 4. 9x versus Republic Services, Inc. at 29. 2x. On forward P/E, Republic Services, Inc. is actually cheaper at 27. 6x — notably different from the trailing picture, reflecting expected earnings growth.
03Which is the better long-term investment — GFL or RSG?
Over the past 5 years, Republic Services, Inc.
(RSG) delivered a total return of +89. 8%, compared to +13. 2% for GFL Environmental Inc. (GFL). Over 10 years, the gap is even starker: RSG returned +353. 8% versus GFL's +119. 1%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
04Which is safer — GFL or RSG?
By beta (market sensitivity over 5 years), Republic Services, Inc.
(RSG) is the lower-risk stock at -0. 15β versus GFL Environmental Inc. 's 0. 20β — meaning GFL is approximately -232% more volatile than RSG relative to the S&P 500. On balance sheet safety, Republic Services, Inc. (RSG) carries a lower debt/equity ratio of 5% versus 106% for GFL Environmental Inc. — giving it more financial flexibility in a downturn.
05Which is growing faster — GFL or RSG?
By revenue growth (latest reported year), GFL Environmental Inc.
(GFL) is pulling ahead at 7. 8% versus 3. 5% for Republic Services, Inc. (RSG). On earnings-per-share growth, the picture is similar: GFL Environmental Inc. grew EPS 573. 5% year-over-year, compared to 5. 5% for Republic Services, Inc.. Over a 3-year CAGR, RSG leads at 7. 1% annualised revenue growth. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.
06Which has better profit margins — GFL or RSG?
GFL Environmental Inc.
(GFL) is the more profitable company, earning 58. 0% net margin versus 12. 9% for Republic Services, Inc. — meaning it keeps 58. 0% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: RSG leads at 20. 0% versus 5. 2% for GFL. At the gross margin level — before operating expenses — RSG leads at 30. 3%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.
07Is GFL or RSG more undervalued right now?
On forward earnings alone, Republic Services, Inc.
(RSG) trades at 27. 6x forward P/E versus 39. 1x for GFL Environmental Inc. — 11. 5x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for GFL: 55. 7% to $56. 67.
08Which pays a better dividend — GFL or RSG?
All stocks in this comparison pay dividends.
Republic Services, Inc. (RSG) offers the highest yield at 1. 2%, versus 0. 2% for GFL Environmental Inc. (GFL).
09Is GFL or RSG better for a retirement portfolio?
For long-horizon retirement investors, Republic Services, Inc.
(RSG) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β -0. 15), 1. 2% yield, +353. 8% 10Y return). Both have compounded well over 10 years (RSG: +353. 8%, GFL: +119. 1%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.
10What are the main differences between GFL and RSG?
Both stocks operate in the Industrials sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both.
In terms of investment character: GFL is a mid-cap deep-value stock; RSG is a mid-cap quality compounder stock. RSG pays a dividend while GFL does not, making them suitable for different income and tax situations. These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.
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