Clean Harbors, Inc. (CLH) Financial Ratios
30 years of historical data (1996–2025) · Industrials · Waste Management
EV/EBITDA
↑
16.01
↑+34% vs avg
5yr avg: 11.90
30Y Low3.0·High13.8
P/FCF
↑
34.75
↑+28% vs avg
5yr avg: 27.11
30Y Low2.5·High121.0
P/B Ratio
↑
5.60
↑+37% vs avg
5yr avg: 4.09
30Y Low0.4·High19.3
ROE
↑
14.7%
-16% vs avg
5yr avg: 17.5%
30Y Low-112%·High40%
Debt/EBITDA
↓
3.07
+1% vs avg
5yr avg: 3.06
30Y Low0.3·High8.3
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
CLH Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Clean Harbors, Inc. trades at 39.6x earnings, 52% above its 5-year average of 26.1x, sitting at the 81st percentile of its historical range. Compared to the Industrials sector median P/E of 25.9x, the stock trades at a premium of 53%. On a free-cash-flow basis, the stock trades at 34.8x P/FCF, 28% above the 5-year average of 27.1x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $15.4B | $12.5B | $12.5B | $9.5B | $6.2B | $5.5B | $4.2B | $4.8B | $2.8B | $3.1B | $3.2B |
| Enterprise Value | $18.0B | $15.1B | $14.8B | $11.5B | $8.3B | $7.7B | $5.4B | $6.2B | $4.1B | $4.4B | $4.5B |
| P/E Ratio → | 39.56 | 32.21 | 31.02 | 25.11 | 15.10 | 26.89 | 31.45 | 49.28 | 42.54 | 30.80 | — |
| P/S Ratio | 2.55 | 2.08 | 2.12 | 1.75 | 1.20 | 1.44 | 1.35 | 1.41 | 0.84 | 1.05 | 1.16 |
| P/B Ratio | 5.60 | 4.56 | 4.85 | 4.22 | 3.23 | 3.61 | 3.16 | 3.79 | 2.38 | 2.61 | 2.95 |
| P/FCF | 34.75 | 28.33 | 36.10 | 30.65 | 22.27 | 18.19 | 18.24 | 24.94 | 15.87 | 26.48 | 85.59 |
| P/OCF | 17.72 | 14.44 | 16.04 | 12.92 | 9.93 | 10.01 | 9.84 | 11.65 | 7.45 | 10.85 | 12.33 |
P/E links to full P/E history page with 30-year chart
CLH EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Clean Harbors, Inc.'s enterprise value stands at 16.0x EBITDA, 34% above its 5-year average of 11.9x. The Industrials sector median is 13.9x, placing the stock at a 15% premium on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 2.51 | 2.52 | 2.13 | 1.61 | 2.03 | 1.73 | 1.81 | 1.25 | 1.50 | 1.65 |
| EV / EBITDA | 16.01 | 13.48 | 13.84 | 11.79 | 8.47 | 11.94 | 9.97 | 11.63 | 8.58 | 10.60 | 12.77 |
| EV / EBIT | 26.70 | 22.07 | 21.56 | 18.49 | 12.79 | 22.06 | 21.61 | 26.67 | 23.11 | 30.13 | 48.89 |
| EV / FCF | — | 34.27 | 42.91 | 37.26 | 29.80 | 25.68 | 23.36 | 31.95 | 23.56 | 37.67 | 121.57 |
CLH Profitability
Margins and return-on-capital ratios measuring operating efficiency
Clean Harbors, Inc. earns an operating margin of 11.2%, above the Industrials sector average of 4.9%. ROE of 14.7% is modest. ROIC of 9.8% represents adequate returns on invested capital versus a sector median of 6.3%.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 29.5% | 29.5% | 31.0% | 30.7% | 31.4% | 31.4% | 32.0% | 30.0% | 30.1% | 30.0% | 29.8% |
| Operating Margin | 11.2% | 11.2% | 11.4% | 11.3% | 12.3% | 9.1% | 8.0% | 6.7% | 5.5% | 4.3% | 2.5% |
| Net Profit Margin | 6.5% | 6.5% | 6.8% | 7.0% | 8.0% | 5.3% | 4.3% | 2.9% | 2.0% | 3.4% | -1.4% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 14.7% | 14.7% | 16.7% | 18.1% | 24.0% | 14.2% | 10.3% | 8.0% | 5.6% | 8.9% | -3.7% |
| ROA | 5.2% | 5.2% | 5.8% | 6.0% | 7.0% | 4.2% | 3.3% | 2.5% | 1.8% | 2.7% | -1.1% |
| ROIC | 9.8% | 9.8% | 10.9% | 11.0% | 12.2% | 8.3% | 7.3% | 6.7% | 5.5% | 3.9% | 2.2% |
| ROCE | 10.6% | 10.6% | 11.5% | 11.7% | 12.9% | 8.5% | 7.3% | 7.0% | 5.8% | 4.0% | 2.3% |
CLH Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Clean Harbors, Inc. carries a Debt/EBITDA ratio of 3.1x, which is moderately leveraged (roughly in line with the sector average of 3.2x). Net debt stands at $2.6B ($3.4B total debt minus $826M cash). Interest coverage of 4.1x is adequate, though a cyclical earnings downturn could tighten the margin of safety.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 1.26 | 1.26 | 1.18 | 1.11 | 1.35 | 1.78 | 1.27 | 1.36 | 1.34 | 1.37 | 1.52 |
| Debt / EBITDA | 3.07 | 3.07 | 2.84 | 2.55 | 2.64 | 4.18 | 3.14 | 3.25 | 3.27 | 3.92 | 4.64 |
| Net Debt / Equity | — | 0.96 | 0.91 | 0.91 | 1.09 | 1.48 | 0.89 | 1.06 | 1.15 | 1.10 | 1.24 |
| Net Debt / EBITDA | 2.34 | 2.34 | 2.20 | 2.09 | 2.14 | 3.48 | 2.18 | 2.55 | 2.80 | 3.15 | 3.78 |
| Debt / FCF | — | 5.94 | 6.81 | 6.61 | 7.53 | 7.48 | 5.12 | 7.00 | 7.68 | 11.19 | 35.99 |
| Interest Coverage | 4.06 | 4.06 | 4.45 | 5.18 | 5.79 | 4.38 | 3.28 | 2.79 | 2.12 | 1.67 | 1.10 |
CLH Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
Clean Harbors, Inc.'s current ratio of 2.33x is well above the 1.0 safety threshold, indicating strong short-term liquidity with ample room to cover current liabilities. The quick ratio of 2.00x is notably lower than the current ratio, indicating a significant portion of current assets is tied up in inventory. The current ratio has improved from 1.98x to 2.33x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 2.33 | 2.33 | 2.21 | 1.98 | 1.99 | 1.88 | 2.40 | 1.95 | 2.00 | 2.29 | 2.17 |
| Quick Ratio | 2.00 | 2.00 | 1.86 | 1.66 | 1.68 | 1.61 | 2.05 | 1.65 | 1.66 | 1.94 | 1.81 |
| Cash Ratio | 0.84 | 0.84 | 0.72 | 0.53 | 0.54 | 0.58 | 0.90 | 0.58 | 0.46 | 0.71 | 0.61 |
| Asset Turnover | — | 0.79 | 0.80 | 0.85 | 0.84 | 0.67 | 0.76 | 0.83 | 0.88 | 0.79 | 0.75 |
| Inventory Turnover | 11.43 | 11.43 | 10.57 | 11.44 | 10.90 | 10.41 | 9.70 | 11.12 | 11.56 | 11.72 | 10.83 |
| Days Sales Outstanding | — | 72.93 | 72.97 | 73.62 | 75.71 | 85.14 | 77.46 | 74.99 | 73.19 | 70.01 | 70.53 |
CLH Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Clean Harbors, Inc. returns 1.6% to shareholders annually primarily through share buybacks. The earnings yield of 2.5% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — | — | — | — |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 2.5% | 3.1% | 3.2% | 4.0% | 6.6% | 3.7% | 3.2% | 2.0% | 2.4% | 3.2% | — |
| FCF Yield | 2.9% | 3.5% | 2.8% | 3.3% | 4.5% | 5.5% | 5.5% | 4.0% | 6.3% | 3.8% | 1.2% |
| Buyback Yield | 1.6% | 2.0% | 0.4% | 0.5% | 0.8% | 1.0% | 1.8% | 0.4% | 1.6% | 1.6% | 0.7% |
| Total Shareholder Yield | 1.6% | 2.0% | 0.4% | 0.5% | 0.8% | 1.0% | 1.8% | 0.4% | 1.6% | 1.6% | 0.7% |
| Shares Outstanding | — | $53M | $54M | $54M | $54M | $55M | $56M | $56M | $56M | $57M | $58M |
Peer Comparison
Compare CLH with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 CLHYou | $15B | 39.6 | 16.0 | 34.8 | 29.5% | 11.2% | 14.7% | 9.8% | 3.1 |
 CECO | $3B | 63.0 | 40.3 | — | 32.7% | 6.7% | 17.4% | 10.0% | 0.3 |
 NVRI | $2B | -9.3 | 12.2 | — | 21.1% | 3.9% | -45.0% | 3.3% | 6.7 |
 WM | $89B | 32.9 | 14.9 | 31.6 | 29.1% | 18.3% | 29.7% | 10.7% | 3.1 |
 RSG | $62B | 29.2 | 11.9 | 25.7 | 30.3% | 20.0% | 18.3% | 13.5% | 0.1 |
 CWST | $5B | 704.8 | 15.6 | 62.5 | 17.1% | 4.9% | 0.5% | 2.6% | 3.0 |
 GFL | $13B | 4.9 | 15.0 | 98.0 | 20.7% | 5.2% | 52.1% | 1.6% | 4.8 |
 USPH | $1B | 51.8 | 14.7 | 18.4 | 20.1% | 10.3% | 2.0% | 5.6% | 4.1 |
 DOW | $28B | -10.4 | 14.1 | — | 6.0% | 0.7% | -14.8% | 0.6% | 6.3 |
 LYB | $24B | -31.3 | 34.0 | 61.6 | 9.0% | -1.1% | -6.5% | -1.1% | 15.0 |
 EMN | $9B | 18.5 | 9.1 | 20.4 | 21.1% | 10.6% | 8.0% | 6.7% | 3.5 |
| Industrials Median | — | 25.9 | 13.9 | 20.6 | 32.8% | 4.9% | 8.2% | 6.3% | 3.2 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
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Start ComparisonCLH — Frequently Asked Questions
Quick answers to the most common questions about buying CLH stock.
What is Clean Harbors, Inc.'s P/E ratio?
Clean Harbors, Inc.'s current P/E ratio is 39.6x. The historical average is 27.9x. This places it at the 81th percentile of its historical range.
What is Clean Harbors, Inc.'s EV/EBITDA?
Clean Harbors, Inc.'s current EV/EBITDA is 16.0x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 9.1x.
What is Clean Harbors, Inc.'s ROE?
Clean Harbors, Inc.'s return on equity (ROE) is 14.7%. The historical average is 3.3%.
Is CLH stock overvalued?
Based on historical data, Clean Harbors, Inc. is trading at a P/E of 39.6x. This is at the 81th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What are Clean Harbors, Inc.'s profit margins?
Clean Harbors, Inc. has 29.5% gross margin and 11.2% operating margin. Operating margin between 10-20% is typical for established companies.
How much debt does Clean Harbors, Inc. have?
Clean Harbors, Inc.'s Debt/EBITDA ratio is 3.1x, indicating high leverage. A ratio between 2-4x is manageable but warrants monitoring.