GFL Environmental Inc. (GFL) 10-Year Financial Performance & Capital Metrics

GFL • • Industrial / General

IndustrialsWaste ManagementSolid Waste ManagementIntegrated Solid Waste Services

AboutGFL Environmental Inc. operates as a diversified environmental services company in Canada and the United States. The company offers non-hazardous solid waste management, infrastructure and soil remediation, and liquid waste management services. Its solid waste management business line includes the collection, transportation, transfer, recycling, and disposal of non-hazardous solid waste for municipal, residential, and commercial and industrial customers. The company's infrastructure and soil remediation business line provides remediation of contaminated soils, as well as complementary services, including civil, demolition, and excavation and shoring services. Its liquid waste management business collects, manages, transports, processes, and disposes of a range of industrial and commercial liquid wastes, as well as resells liquid waste products. The company was incorporated in 2007 and is headquartered in Vaughan, Canada.Show more

Revenue $7.86B +4.6%
EBITDA $1.98B +9.9%
Net Income -$723M -1691.9%
EPS (Diluted) -2.11 -1523.1%
Gross Margin 18.98% +11.0%
EBITDA Margin 25.23% +5.1%
Operating Margin 6.56% +26.8%
Net Margin -9.19% -1621.7%
ROE -9.89% -1563.5%
ROIC 2.27% +24.9%
Debt/Equity 1.46 +16.2%
Interest Coverage 0.84 +25.7%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Strong 5Y sales CAGR of 25.0%

✗Weaknesses

✗Weak Piotroski F-Score: 3/9

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y-

5Y24.95%

3Y15.24%

TTM7.21%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM716.44%

EPS CAGR

10Y-

5Y-

3Y-

TTM692.49%

ROCE

10Y Avg0.44%

5Y Avg1.33%

3Y Avg1.77%

Latest2.86%

Peer Comparison

Integrated Solid Waste Services

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
WCNWaste Connections, Inc.	42.92B	167.63	70.14	11.19%	5.89%	7.75%	2.73%	1.07
RSGRepublic Services, Inc.	65.25B	210.79	32.48	7.13%	12.77%	17.75%	3.19%	1.14
WMWaste Management, Inc.	88.57B	219.86	32.28	8.01%	10.35%	26.93%	2.44%	2.90
GFLGFL Environmental Inc.	14.86B	42.72	-20.25	4.61%	52.22%	64.43%	2.34%	1.46

Profit & Loss

	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	1.33B	1.85B	2.58B	4.2B	5.14B	6.76B	7.52B	7.86B
Revenue Growth %	-	0.39%	0.39%	0.63%	0.22%	0.32%	0.11%	0.05%
Cost of Goods Sold+	1.15B	1.7B	2.37B	4.01B	4.64B	5.96B	6.23B	6.37B
COGS % of Revenue	0.86%	0.92%	0.92%	0.95%	0.9%	0.88%	0.83%	0.81%
Gross Profit+	188M	149.1M	211.11M	190.1M	498.8M	797.6M	1.28B	1.49B
Gross Margin %	0.14%	0.08%	0.08%	0.05%	0.1%	0.12%	0.17%	0.19%
Gross Profit Growth %	-	-0.21%	0.42%	-0.1%	1.62%	0.6%	0.61%	0.16%
Operating Expenses+	157.09M	344.16M	305.77M	190.1M	498.5M	757.7M	895.5M	976M
OpEx % of Revenue	0.12%	0.19%	0.12%	0.05%	0.1%	0.11%	0.12%	0.12%
Selling, General & Admin	157.09M	344.16M	305.77M	508.4M	0	730.4M	0	0
SG&A % of Revenue	0.12%	0.19%	0.12%	0.12%	-	0.11%	-	-
Research & Development	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-
Other Operating Expenses	0	0	0	-318.3M	498.5M	27.3M	895.5M	976M
Operating Income+	48.31M	-195.06M	-94.66M	0	300K	39.9M	389.2M	516.1M
Operating Margin %	0.04%	-0.11%	-0.04%	-	0%	0.01%	0.05%	0.07%
Operating Income Growth %	-	-5.04%	0.51%	1%	-	132%	8.75%	0.33%
EBITDA+	287.39M	217.86M	521.85M	254.2M	1.34B	1.57B	1.8B	1.98B
EBITDA Margin %	0.22%	0.12%	0.2%	0.06%	0.26%	0.23%	0.24%	0.25%
EBITDA Growth %	-	-0.24%	1.4%	-0.51%	4.26%	0.17%	0.15%	0.1%
D&A (Non-Cash Add-back)	239.07M	412.93M	616.51M	1.24B	1.34B	1.53B	1.41B	1.47B
EBIT	72.73M	-254.61M	-59.38M	-983.4M	300K	67.8M	389.2M	516.1M
Net Interest Income+	-212.68M	0	-410.43M	-331.24M	-323.9M	-427.1M	-584.1M	-616.2M
Interest Income	0	262M	0	0	0	0	0	0
Interest Expense	212.68M	0	410.43M	331.24M	323.9M	427.1M	584.1M	616.2M
Other Income/Expense	-202.37M	-429.19M	-375.14M	-1.36B	-736.5M	-399.2M	-197.1M	-1.46B
Pretax Income+	-139.96M	-624.25M	-469.81M	-1.36B	-736.2M	-359.3M	192.1M	-944.8M
Pretax Margin %	-0.1%	-0.34%	-0.18%	-0.32%	-0.14%	-0.05%	0.03%	-0.12%
Income Tax+	-38.98M	-140.92M	-121.51M	-253.4M	-109.2M	-176.1M	159.9M	-207.1M
Effective Tax Rate %	0.72%	0.77%	0.74%	0.81%	0.82%	0.87%	0.24%	0.76%
Net Income+	-100.98M	-483.34M	-348.3M	-1.1B	-606.8M	-311.8M	45.4M	-722.7M
Net Margin %	-0.08%	-0.26%	-0.13%	-0.26%	-0.12%	-0.05%	0.01%	-0.09%
Net Income Growth %	-	-3.79%	0.28%	-2.17%	0.45%	0.49%	1.15%	-16.92%
Net Income (Continuing)	-100.98M	-483.34M	-348.3M	-1.1B	-627M	-183.2M	32.2M	-737.7M
Discontinued Operations	0	0	0	0	20.2M	-127.9M	0	0
Minority Interest	0	0	0	0	0	6.9M	209.1M	243.3M
EPS (Diluted)+	-0.31	-1.54	-1.44	-2.76	-1.68	-0.50	-0.13	-2.11
EPS Growth %	-	-3.97%	0.06%	-0.92%	0.39%	0.7%	0.74%	-15.23%
EPS (Basic)	-0.32	-1.54	-1.44	-2.76	-1.68	-0.50	-0.13	-2.11
Diluted Shares Outstanding	326.42M	314.05M	314.05M	360.38M	361.57M	367.17M	369.66M	380.84M
Basic Shares Outstanding	314.05M	314.05M	314.05M	360.38M	361.57M	367.17M	369.66M	380.84M
Dividend Payout Ratio	-	-	-	-	-	-	0.55%	-

Balance Sheet

	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	400.46M	681.15M	1.42B	1.03B	1.5B	1.38B	1.49B	1.7B
Cash & Short-Term Investments	10K	7.45M	574.8M	27.2M	190.4M	82.1M	135.7M	133.8M
Cash Only	10K	7.45M	574.8M	27.2M	190.4M	82.1M	135.7M	133.8M
Short-Term Investments	0	0	0	0	0	0	0	0
Accounts Receivable	318.64M	574.73M	713.4M	786.4M	1.13B	1.1B	1.13B	1.26B
Days Sales Outstanding	87.25	113.23	100.89	68.4	80.63	59.64	54.77	58.55
Inventory	23.94M	42.39M	50.5M	0	82M	84.2M	98.2M	107.7M
Days Inventory Outstanding	7.63	9.08	7.78	-	6.45	5.15	5.75	6.17
Other Current Assets	57M	0	0	138.3M	0	13.3M	123.4M	193M
Total Non-Current Assets+	3.05B	10.39B	10.9B	14.7B	16.9B	18.38B	18.39B	19.51B
Property, Plant & Equipment	1.01B	2.44B	2.85B	5.07B	6.01B	6.54B	6.98B	7.85B
Fixed Asset Turnover	1.32x	0.76x	0.91x	0.83x	0.85x	1.03x	1.08x	1.00x
Goodwill	1.44B	4.98B	5.17B	6.5B	7.5B	8.18B	7.89B	8.07B
Intangible Assets	582.25M	2.94B	2.85B	3.09B	3.33B	3.25B	3.06B	2.83B
Long-Term Investments	0	1.2M	0	0	0	326.6M	319M	344.4M
Other Non-Current Assets	11.42M	-161.82M	31.6M	33.2M	59.1M	90.2M	82.9M	207.4M
Total Assets+	3.45B	11.07B	12.32B	15.73B	18.4B	19.77B	19.88B	21.21B
Asset Turnover	0.39x	0.17x	0.21x	0.27x	0.28x	0.34x	0.38x	0.37x
Asset Growth %	-	2.21%	0.11%	0.28%	0.17%	0.07%	0.01%	0.07%
Total Current Liabilities+	339.32M	681.37M	865.1M	1.19B	1.52B	2.69B	1.81B	3.15B
Accounts Payable	312.56M	606.24M	732M	413.1M	565.7M	656.7M	711M	812.3M
Days Payables Outstanding	99.63	129.9	112.74	37.64	44.52	40.19	41.65	46.55
Short-Term Debt	9.24M	53.66M	64.4M	76.6M	86.9M	42.7M	15.5M	1.15B
Deferred Revenue (Current)	1000K	0	0	0	1000K	1000K	1000K	1000K
Other Current Liabilities	3.9M	17.62M	25.6M	234.8M	39.1M	1.04B	56.2M	51.7M
Current Ratio	1.18x	1.00x	1.64x	0.86x	0.98x	0.51x	0.82x	0.54x
Quick Ratio	1.11x	0.94x	1.58x	0.86x	0.93x	0.48x	0.77x	0.50x
Cash Conversion Cycle	-4.75	-7.58	-4.07	-	42.56	24.6	18.87	18.17
Total Non-Current Liabilities+	2.6B	7.2B	8.69B	8.96B	11.1B	11.03B	10.68B	10.84B
Long-Term Debt	2.45B	6.24B	7.56B	6.26B	9.23B	9.26B	8.83B	8.85B
Capital Lease Obligations	0	64.4M	158.9M	153.7M	257.4M	327.3M	383.4M	477.2M
Deferred Tax Liabilities	114.39M	759.14M	733.8M	0	723.9M	582.6M	534M	464.5M
Other Non-Current Liabilities	146.58M	139.11M	237.4M	2.55B	882.5M	863.9M	935.1M	1.04B
Total Liabilities	2.94B	7.88B	9.56B	10.16B	12.62B	13.72B	12.49B	13.99B
Total Debt+	2.46B	6.29B	7.82B	6.52B	9.63B	9.68B	9.29B	10.55B
Net Debt	2.46B	6.28B	7.24B	6.5B	9.44B	9.6B	9.15B	10.42B
Debt / Equity	4.84x	1.97x	2.82x	1.17x	1.67x	1.60x	1.26x	1.46x
Debt / EBITDA	8.57x	28.87x	14.98x	25.67x	7.20x	6.18x	5.15x	5.32x
Net Debt / EBITDA	8.57x	28.83x	13.88x	25.56x	7.06x	6.13x	5.07x	5.25x
Interest Coverage	0.23x	-	-0.23x	-	0.00x	0.09x	0.67x	0.84x
Total Equity+	508.99M	3.19B	2.77B	5.57B	5.78B	6.04B	7.39B	7.22B
Equity Growth %	-	5.27%	-0.13%	1.01%	0.04%	0.05%	0.22%	-0.02%
Book Value per Share	1.56	10.17	8.81	15.46	15.98	16.46	19.98	18.96
Total Shareholders' Equity	508.99M	3.19B	2.77B	5.57B	5.78B	6.04B	7.18B	6.98B
Common Stock	879.54M	3.47B	3.52B	7.64B	8.46B	8.64B	9.84B	9.94B
Retained Earnings	-381.67M	-318.66M	-770.3M	-1.89B	-2.51B	-2.84B	-2.82B	-3.57B
Treasury Stock	0	0	0	0	0	0	0	0
Accumulated OCI	-9.93M	38.95M	-2.7M	-241.5M	-253.7M	130.3M	15.1M	462.6M
Minority Interest	0	0	0	0	0	6.9M	209.1M	243.3M

Cash Flow

	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	126.37M	-34.23M	251M	502.2M	897.9M	1.1B	980.4M	1.54B
Operating CF Margin %	0.09%	-0.02%	0.1%	0.12%	0.17%	0.16%	0.13%	0.2%
Operating CF Growth %	-	-1.27%	8.33%	1%	0.79%	0.22%	-0.11%	0.57%
Net Income	-100.98M	-483.34M	-451.7M	-1.1B	-606.8M	-311.1M	45.4M	-737.7M
Depreciation & Amortization	239.07M	412.93M	799.4M	1.24B	1.39B	1.53B	1.49B	1.57B
Stock-Based Compensation	5.09M	20.8M	14.5M	37.9M	45.7M	55.1M	124.8M	104.7M
Deferred Taxes	-38.98M	-115.27M	-157.5M	-253.4M	-106M	-171.1M	-197.1M	-207.1M
Other Non-Cash Items	52.31M	1.03B	121.2M	561.4M	218.1M	83.4M	-513.4M	830.4M
Working Capital Changes	-30.16M	-30.27M	-74.9M	21.1M	-46.1M	-85.5M	31M	-17.9M
Change in Receivables	-78.92M	-38.52M	-57.3M	-61.8M	-138M	-221M	57.7M	-109.2M
Change in Inventory	0	0	0	0	138M	221M	0	0
Change in Payables	44.82M	13.23M	13.3M	83.4M	114.3M	160.4M	-3.4M	0
Cash from Investing+	-430.97M	-6.81B	-1.16B	-4.35B	-2.69B	-1.73B	-310.4M	-1.68B
Capital Expenditures	-203.14M	-160.28M	-457.8M	-428.3M	-647.2M	-780.1M	-1.06B	-1.19B
CapEx % of Revenue	0.15%	0.09%	0.18%	0.1%	0.13%	0.12%	0.14%	0.15%
Acquisitions	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-
Other Investing	12.28M	15.2M	20.8M	16M	259.7M	364.1M	61.8M	72.1M
Cash from Financing+	291.18M	6.73B	1.47B	3.34B	1.96B	569M	-602.8M	163.2M
Debt Issued (Net)	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	-13.1M	-17.9M	-20.7M	-25M	-28.2M
Share Repurchases	-	-	-	-	-	-	-	-
Other Financing	-11.2M	31.5M	-29.3M	-72.1M	-54.2M	-21.2M	-44M	-33.2M
Net Change in Cash	-	-	-	-	-	-	-	-
Free Cash Flow+	-76.77M	-194.51M	-206.8M	73.9M	250.7M	316.2M	-74.7M	347.2M
FCF Margin %	-0.06%	-0.1%	-0.08%	0.02%	0.05%	0.05%	-0.01%	0.04%
FCF Growth %	-	-1.53%	-0.06%	1.36%	2.39%	0.26%	-1.24%	5.65%
FCF per Share	-0.24	-0.62	-0.66	0.21	0.69	0.86	-0.20	0.91
FCF Conversion (FCF/Net Income)	-1.25x	0.07x	-0.72x	-0.46x	-1.48x	-3.52x	21.59x	-2.13x
Interest Paid	0	0	0	0	0	0	0	0
Taxes Paid	0	0	0	0	0	0	0	0

Key Ratios

Metric	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	-19.84%	-26.11%	-11.69%	-26.44%	-10.69%	-5.28%	0.68%	-9.89%
Return on Invested Capital (ROIC)	1.22%	-2.35%	-0.73%	-	0%	0.19%	1.81%	2.27%
Gross Margin	14.1%	8.05%	8.18%	4.53%	9.71%	11.8%	17.09%	18.98%
Net Margin	-7.58%	-26.09%	-13.49%	-26.27%	-11.81%	-4.61%	0.6%	-9.19%
Debt / Equity	4.84x	1.97x	2.82x	1.17x	1.67x	1.60x	1.26x	1.46x
Interest Coverage	0.23x	-	-0.23x	-	0.00x	0.09x	0.67x	0.84x
FCF Conversion	-1.25x	0.07x	-0.72x	-0.46x	-1.48x	-3.52x	21.59x	-2.13x
Revenue Growth	-	38.97%	39.32%	62.58%	22.41%	31.63%	11.15%	4.61%

Revenue by Geography

	2021	2022	2024
United States Subsegment	3.17B	4.08B	4.73B
United States Subsegment Growth	-	28.65%	15.74%
Canada Subsegment	2.35B	2.68B	3.13B
Canada Subsegment Growth	-	13.88%	17.10%

Frequently Asked Questions

Growth & Financials

GFL Environmental Inc. (GFL) reported $6.92B in revenue for fiscal year 2024. This represents a 419% increase from $1.33B in 2017.

GFL Environmental Inc. (GFL) grew revenue by 4.6% over the past year. Growth has been modest.

Yes, GFL Environmental Inc. (GFL) is profitable, generating $3.61B in net income for fiscal year 2024 (-9.2% net margin).

Dividend & Returns

Yes, GFL Environmental Inc. (GFL) pays a dividend with a yield of 0.17%. This makes it attractive for income-focused investors.

GFL Environmental Inc. (GFL) has a return on equity (ROE) of -9.9%. Negative ROE indicates the company is unprofitable.

GFL Environmental Inc. (GFL) generated $225.7M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

US Stock Screener

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GFL Environmental Inc. (GFL) 10-Year Financial Performance & Capital Metrics

GFL • • Industrial / General

IndustrialsWaste ManagementSolid Waste ManagementIntegrated Solid Waste Services

Revenue $7.86B +4.6%
EBITDA $1.98B +9.9%
Net Income -$723M -1691.9%
EPS (Diluted) -2.11 -1523.1%
Gross Margin 18.98% +11.0%
EBITDA Margin 25.23% +5.1%
Operating Margin 6.56% +26.8%
Net Margin -9.19% -1621.7%
ROE -9.89% -1563.5%
ROIC 2.27% +24.9%
Debt/Equity 1.46 +16.2%
Interest Coverage 0.84 +25.7%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Strong 5Y sales CAGR of 25.0%

✗Weaknesses

✗Weak Piotroski F-Score: 3/9

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y-

5Y24.95%

3Y15.24%

TTM7.21%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM716.44%

EPS CAGR

10Y-

5Y-

3Y-

TTM692.49%

ROCE

10Y Avg0.44%

5Y Avg1.33%

3Y Avg1.77%

Latest2.86%

Peer Comparison

Integrated Solid Waste Services

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
WCNWaste Connections, Inc.	42.92B	167.63	70.14	11.19%	5.89%	7.75%	2.73%	1.07
RSGRepublic Services, Inc.	65.25B	210.79	32.48	7.13%	12.77%	17.75%	3.19%	1.14
WMWaste Management, Inc.	88.57B	219.86	32.28	8.01%	10.35%	26.93%	2.44%	2.90
GFLGFL Environmental Inc.	14.86B	42.72	-20.25	4.61%	52.22%	64.43%	2.34%	1.46

Profit & Loss

	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	1.33B	1.85B	2.58B	4.2B	5.14B	6.76B	7.52B	7.86B
Revenue Growth %	-	0.39%	0.39%	0.63%	0.22%	0.32%	0.11%	0.05%
Cost of Goods Sold+	1.15B	1.7B	2.37B	4.01B	4.64B	5.96B	6.23B	6.37B
COGS % of Revenue	0.86%	0.92%	0.92%	0.95%	0.9%	0.88%	0.83%	0.81%
Gross Profit+	188M	149.1M	211.11M	190.1M	498.8M	797.6M	1.28B	1.49B
Gross Margin %	0.14%	0.08%	0.08%	0.05%	0.1%	0.12%	0.17%	0.19%
Gross Profit Growth %	-	-0.21%	0.42%	-0.1%	1.62%	0.6%	0.61%	0.16%
Operating Expenses+	157.09M	344.16M	305.77M	190.1M	498.5M	757.7M	895.5M	976M
OpEx % of Revenue	0.12%	0.19%	0.12%	0.05%	0.1%	0.11%	0.12%	0.12%
Selling, General & Admin	157.09M	344.16M	305.77M	508.4M	0	730.4M	0	0
SG&A % of Revenue	0.12%	0.19%	0.12%	0.12%	-	0.11%	-	-
Research & Development	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-
Other Operating Expenses	0	0	0	-318.3M	498.5M	27.3M	895.5M	976M
Operating Income+	48.31M	-195.06M	-94.66M	0	300K	39.9M	389.2M	516.1M
Operating Margin %	0.04%	-0.11%	-0.04%	-	0%	0.01%	0.05%	0.07%
Operating Income Growth %	-	-5.04%	0.51%	1%	-	132%	8.75%	0.33%
EBITDA+	287.39M	217.86M	521.85M	254.2M	1.34B	1.57B	1.8B	1.98B
EBITDA Margin %	0.22%	0.12%	0.2%	0.06%	0.26%	0.23%	0.24%	0.25%
EBITDA Growth %	-	-0.24%	1.4%	-0.51%	4.26%	0.17%	0.15%	0.1%
D&A (Non-Cash Add-back)	239.07M	412.93M	616.51M	1.24B	1.34B	1.53B	1.41B	1.47B
EBIT	72.73M	-254.61M	-59.38M	-983.4M	300K	67.8M	389.2M	516.1M
Net Interest Income+	-212.68M	0	-410.43M	-331.24M	-323.9M	-427.1M	-584.1M	-616.2M
Interest Income	0	262M	0	0	0	0	0	0
Interest Expense	212.68M	0	410.43M	331.24M	323.9M	427.1M	584.1M	616.2M
Other Income/Expense	-202.37M	-429.19M	-375.14M	-1.36B	-736.5M	-399.2M	-197.1M	-1.46B
Pretax Income+	-139.96M	-624.25M	-469.81M	-1.36B	-736.2M	-359.3M	192.1M	-944.8M
Pretax Margin %	-0.1%	-0.34%	-0.18%	-0.32%	-0.14%	-0.05%	0.03%	-0.12%
Income Tax+	-38.98M	-140.92M	-121.51M	-253.4M	-109.2M	-176.1M	159.9M	-207.1M
Effective Tax Rate %	0.72%	0.77%	0.74%	0.81%	0.82%	0.87%	0.24%	0.76%
Net Income+	-100.98M	-483.34M	-348.3M	-1.1B	-606.8M	-311.8M	45.4M	-722.7M
Net Margin %	-0.08%	-0.26%	-0.13%	-0.26%	-0.12%	-0.05%	0.01%	-0.09%
Net Income Growth %	-	-3.79%	0.28%	-2.17%	0.45%	0.49%	1.15%	-16.92%
Net Income (Continuing)	-100.98M	-483.34M	-348.3M	-1.1B	-627M	-183.2M	32.2M	-737.7M
Discontinued Operations	0	0	0	0	20.2M	-127.9M	0	0
Minority Interest	0	0	0	0	0	6.9M	209.1M	243.3M
EPS (Diluted)+	-0.31	-1.54	-1.44	-2.76	-1.68	-0.50	-0.13	-2.11
EPS Growth %	-	-3.97%	0.06%	-0.92%	0.39%	0.7%	0.74%	-15.23%
EPS (Basic)	-0.32	-1.54	-1.44	-2.76	-1.68	-0.50	-0.13	-2.11
Diluted Shares Outstanding	326.42M	314.05M	314.05M	360.38M	361.57M	367.17M	369.66M	380.84M
Basic Shares Outstanding	314.05M	314.05M	314.05M	360.38M	361.57M	367.17M	369.66M	380.84M
Dividend Payout Ratio	-	-	-	-	-	-	0.55%	-

Balance Sheet

	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	400.46M	681.15M	1.42B	1.03B	1.5B	1.38B	1.49B	1.7B
Cash & Short-Term Investments	10K	7.45M	574.8M	27.2M	190.4M	82.1M	135.7M	133.8M
Cash Only	10K	7.45M	574.8M	27.2M	190.4M	82.1M	135.7M	133.8M
Short-Term Investments	0	0	0	0	0	0	0	0
Accounts Receivable	318.64M	574.73M	713.4M	786.4M	1.13B	1.1B	1.13B	1.26B
Days Sales Outstanding	87.25	113.23	100.89	68.4	80.63	59.64	54.77	58.55
Inventory	23.94M	42.39M	50.5M	0	82M	84.2M	98.2M	107.7M
Days Inventory Outstanding	7.63	9.08	7.78	-	6.45	5.15	5.75	6.17
Other Current Assets	57M	0	0	138.3M	0	13.3M	123.4M	193M
Total Non-Current Assets+	3.05B	10.39B	10.9B	14.7B	16.9B	18.38B	18.39B	19.51B
Property, Plant & Equipment	1.01B	2.44B	2.85B	5.07B	6.01B	6.54B	6.98B	7.85B
Fixed Asset Turnover	1.32x	0.76x	0.91x	0.83x	0.85x	1.03x	1.08x	1.00x
Goodwill	1.44B	4.98B	5.17B	6.5B	7.5B	8.18B	7.89B	8.07B
Intangible Assets	582.25M	2.94B	2.85B	3.09B	3.33B	3.25B	3.06B	2.83B
Long-Term Investments	0	1.2M	0	0	0	326.6M	319M	344.4M
Other Non-Current Assets	11.42M	-161.82M	31.6M	33.2M	59.1M	90.2M	82.9M	207.4M
Total Assets+	3.45B	11.07B	12.32B	15.73B	18.4B	19.77B	19.88B	21.21B
Asset Turnover	0.39x	0.17x	0.21x	0.27x	0.28x	0.34x	0.38x	0.37x
Asset Growth %	-	2.21%	0.11%	0.28%	0.17%	0.07%	0.01%	0.07%
Total Current Liabilities+	339.32M	681.37M	865.1M	1.19B	1.52B	2.69B	1.81B	3.15B
Accounts Payable	312.56M	606.24M	732M	413.1M	565.7M	656.7M	711M	812.3M
Days Payables Outstanding	99.63	129.9	112.74	37.64	44.52	40.19	41.65	46.55
Short-Term Debt	9.24M	53.66M	64.4M	76.6M	86.9M	42.7M	15.5M	1.15B
Deferred Revenue (Current)	1000K	0	0	0	1000K	1000K	1000K	1000K
Other Current Liabilities	3.9M	17.62M	25.6M	234.8M	39.1M	1.04B	56.2M	51.7M
Current Ratio	1.18x	1.00x	1.64x	0.86x	0.98x	0.51x	0.82x	0.54x
Quick Ratio	1.11x	0.94x	1.58x	0.86x	0.93x	0.48x	0.77x	0.50x
Cash Conversion Cycle	-4.75	-7.58	-4.07	-	42.56	24.6	18.87	18.17
Total Non-Current Liabilities+	2.6B	7.2B	8.69B	8.96B	11.1B	11.03B	10.68B	10.84B
Long-Term Debt	2.45B	6.24B	7.56B	6.26B	9.23B	9.26B	8.83B	8.85B
Capital Lease Obligations	0	64.4M	158.9M	153.7M	257.4M	327.3M	383.4M	477.2M
Deferred Tax Liabilities	114.39M	759.14M	733.8M	0	723.9M	582.6M	534M	464.5M
Other Non-Current Liabilities	146.58M	139.11M	237.4M	2.55B	882.5M	863.9M	935.1M	1.04B
Total Liabilities	2.94B	7.88B	9.56B	10.16B	12.62B	13.72B	12.49B	13.99B
Total Debt+	2.46B	6.29B	7.82B	6.52B	9.63B	9.68B	9.29B	10.55B
Net Debt	2.46B	6.28B	7.24B	6.5B	9.44B	9.6B	9.15B	10.42B
Debt / Equity	4.84x	1.97x	2.82x	1.17x	1.67x	1.60x	1.26x	1.46x
Debt / EBITDA	8.57x	28.87x	14.98x	25.67x	7.20x	6.18x	5.15x	5.32x
Net Debt / EBITDA	8.57x	28.83x	13.88x	25.56x	7.06x	6.13x	5.07x	5.25x
Interest Coverage	0.23x	-	-0.23x	-	0.00x	0.09x	0.67x	0.84x
Total Equity+	508.99M	3.19B	2.77B	5.57B	5.78B	6.04B	7.39B	7.22B
Equity Growth %	-	5.27%	-0.13%	1.01%	0.04%	0.05%	0.22%	-0.02%
Book Value per Share	1.56	10.17	8.81	15.46	15.98	16.46	19.98	18.96
Total Shareholders' Equity	508.99M	3.19B	2.77B	5.57B	5.78B	6.04B	7.18B	6.98B
Common Stock	879.54M	3.47B	3.52B	7.64B	8.46B	8.64B	9.84B	9.94B
Retained Earnings	-381.67M	-318.66M	-770.3M	-1.89B	-2.51B	-2.84B	-2.82B	-3.57B
Treasury Stock	0	0	0	0	0	0	0	0
Accumulated OCI	-9.93M	38.95M	-2.7M	-241.5M	-253.7M	130.3M	15.1M	462.6M
Minority Interest	0	0	0	0	0	6.9M	209.1M	243.3M

Cash Flow

	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	126.37M	-34.23M	251M	502.2M	897.9M	1.1B	980.4M	1.54B
Operating CF Margin %	0.09%	-0.02%	0.1%	0.12%	0.17%	0.16%	0.13%	0.2%
Operating CF Growth %	-	-1.27%	8.33%	1%	0.79%	0.22%	-0.11%	0.57%
Net Income	-100.98M	-483.34M	-451.7M	-1.1B	-606.8M	-311.1M	45.4M	-737.7M
Depreciation & Amortization	239.07M	412.93M	799.4M	1.24B	1.39B	1.53B	1.49B	1.57B
Stock-Based Compensation	5.09M	20.8M	14.5M	37.9M	45.7M	55.1M	124.8M	104.7M
Deferred Taxes	-38.98M	-115.27M	-157.5M	-253.4M	-106M	-171.1M	-197.1M	-207.1M
Other Non-Cash Items	52.31M	1.03B	121.2M	561.4M	218.1M	83.4M	-513.4M	830.4M
Working Capital Changes	-30.16M	-30.27M	-74.9M	21.1M	-46.1M	-85.5M	31M	-17.9M
Change in Receivables	-78.92M	-38.52M	-57.3M	-61.8M	-138M	-221M	57.7M	-109.2M
Change in Inventory	0	0	0	0	138M	221M	0	0
Change in Payables	44.82M	13.23M	13.3M	83.4M	114.3M	160.4M	-3.4M	0
Cash from Investing+	-430.97M	-6.81B	-1.16B	-4.35B	-2.69B	-1.73B	-310.4M	-1.68B
Capital Expenditures	-203.14M	-160.28M	-457.8M	-428.3M	-647.2M	-780.1M	-1.06B	-1.19B
CapEx % of Revenue	0.15%	0.09%	0.18%	0.1%	0.13%	0.12%	0.14%	0.15%
Acquisitions	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-
Other Investing	12.28M	15.2M	20.8M	16M	259.7M	364.1M	61.8M	72.1M
Cash from Financing+	291.18M	6.73B	1.47B	3.34B	1.96B	569M	-602.8M	163.2M
Debt Issued (Net)	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	-13.1M	-17.9M	-20.7M	-25M	-28.2M
Share Repurchases	-	-	-	-	-	-	-	-
Other Financing	-11.2M	31.5M	-29.3M	-72.1M	-54.2M	-21.2M	-44M	-33.2M
Net Change in Cash	-	-	-	-	-	-	-	-
Free Cash Flow+	-76.77M	-194.51M	-206.8M	73.9M	250.7M	316.2M	-74.7M	347.2M
FCF Margin %	-0.06%	-0.1%	-0.08%	0.02%	0.05%	0.05%	-0.01%	0.04%
FCF Growth %	-	-1.53%	-0.06%	1.36%	2.39%	0.26%	-1.24%	5.65%
FCF per Share	-0.24	-0.62	-0.66	0.21	0.69	0.86	-0.20	0.91
FCF Conversion (FCF/Net Income)	-1.25x	0.07x	-0.72x	-0.46x	-1.48x	-3.52x	21.59x	-2.13x
Interest Paid	0	0	0	0	0	0	0	0
Taxes Paid	0	0	0	0	0	0	0	0

Key Ratios

Metric	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	-19.84%	-26.11%	-11.69%	-26.44%	-10.69%	-5.28%	0.68%	-9.89%
Return on Invested Capital (ROIC)	1.22%	-2.35%	-0.73%	-	0%	0.19%	1.81%	2.27%
Gross Margin	14.1%	8.05%	8.18%	4.53%	9.71%	11.8%	17.09%	18.98%
Net Margin	-7.58%	-26.09%	-13.49%	-26.27%	-11.81%	-4.61%	0.6%	-9.19%
Debt / Equity	4.84x	1.97x	2.82x	1.17x	1.67x	1.60x	1.26x	1.46x
Interest Coverage	0.23x	-	-0.23x	-	0.00x	0.09x	0.67x	0.84x
FCF Conversion	-1.25x	0.07x	-0.72x	-0.46x	-1.48x	-3.52x	21.59x	-2.13x
Revenue Growth	-	38.97%	39.32%	62.58%	22.41%	31.63%	11.15%	4.61%

Revenue by Geography

	2021	2022	2024
United States Subsegment	3.17B	4.08B	4.73B
United States Subsegment Growth	-	28.65%	15.74%
Canada Subsegment	2.35B	2.68B	3.13B
Canada Subsegment Growth	-	13.88%	17.10%

Frequently Asked Questions

Growth & Financials

GFL Environmental Inc. (GFL) reported $6.92B in revenue for fiscal year 2024. This represents a 419% increase from $1.33B in 2017.

GFL Environmental Inc. (GFL) grew revenue by 4.6% over the past year. Growth has been modest.

Yes, GFL Environmental Inc. (GFL) is profitable, generating $3.61B in net income for fiscal year 2024 (-9.2% net margin).

Dividend & Returns

Yes, GFL Environmental Inc. (GFL) pays a dividend with a yield of 0.17%. This makes it attractive for income-focused investors.

GFL Environmental Inc. (GFL) has a return on equity (ROE) of -9.9%. Negative ROE indicates the company is unprofitable.

GFL Environmental Inc. (GFL) generated $225.7M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.