GFL Environmental Inc. (GFL) Financial Ratios
9 years of historical data (2017–2025) · Industrials · Waste Management
EV/EBITDA
↓
15.02
+3% vs avg
5yr avg: 14.65
30Y Low12.5·High66.3
P/FCF
↑
98.01
↑+70% vs avg
5yr avg: 57.63
30Y Low33.9·High140.3
P/B Ratio
↓
2.50
↑+20% vs avg
5yr avg: 2.08
30Y Low1.7·High2.4
ROE
↑
52.1%
↓+867% vs avg
5yr avg: 5.4%
30Y Low-26%·High52%
Debt/EBITDA
↓
4.77
↓-19% vs avg
5yr avg: 5.92
30Y Low4.8·High28.9
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
GFL Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
GFL Environmental Inc. trades at 4.9x earnings, 96% below its 5-year average of 134.9x, sitting at the 100th percentile of its historical range. Compared to the Industrials sector median P/E of 25.9x, the stock trades at a discount of 81%. On a free-cash-flow basis, the stock trades at 98.0x P/FCF, 70% above the 5-year average of 57.6x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $12.6B | $16.3B | $17.0B | $12.8B | $10.7B | $13.7B | $10.4B | — | — | — |
| Enterprise Value | $18.4B | $24.1B | $27.4B | $21.9B | $20.3B | $23.1B | $16.9B | — | — | — |
| P/E Ratio → | 4.95 | 4.30 | — | 265.46 | — | — | — | — | — | — |
| P/S Ratio | 2.59 | 2.46 | 2.76 | 1.70 | 1.59 | 2.66 | 2.47 | — | — | — |
| P/B Ratio | 2.50 | 2.17 | 2.35 | 1.73 | 1.78 | 2.37 | 1.86 | — | — | — |
| P/FCF | 98.01 | 93.15 | 48.86 | — | 33.94 | 54.59 | 140.30 | — | — | — |
| P/OCF | 13.00 | 12.36 | 11.01 | 13.01 | 9.79 | 15.24 | 20.65 | — | — | — |
P/E links to full P/E history page with 30-year chart
GFL EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
GFL Environmental Inc.'s enterprise value stands at 15.0x EBITDA, roughly in line with its 5-year average of 14.6x. The Industrials sector median is 13.9x, placing the stock at a 8% 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 3.64 | 4.46 | 2.92 | 3.01 | 4.50 | 4.02 | — | — | — |
| EV / EBITDA | 15.02 | 14.51 | 15.29 | 12.51 | 12.99 | 17.93 | 66.35 | — | — | — |
| EV / EBIT | 72.14 | 35.30 | — | 30.23 | 299.84 | — | — | — | — | — |
| EV / FCF | — | 138.10 | 78.85 | — | 64.29 | 92.24 | 228.22 | — | — | — |
GFL Profitability
Margins and return-on-capital ratios measuring operating efficiency
GFL Environmental Inc. earns an operating margin of 5.2%, roughly in line with the Industrials sector average. Operating margins have expanded from 3.5% to 5.2% over the past 3 years, signaling improving operational efficiency. Return on equity of 52.1% is exceptionally high — well above the sector median of 8.2%. ROIC of 1.6% represents below-average 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 20.7% | 20.7% | 18.4% | 16.9% | 11.8% | 9.2% | 4.5% | 8.2% | 8.0% | 14.1% |
| Operating Margin | 5.2% | 5.2% | 3.6% | 3.5% | 0.6% | -2.0% | — | -0.9% | -10.5% | 2.3% |
| Net Profit Margin | 58.0% | 58.0% | -11.8% | 0.6% | -4.6% | -11.8% | -26.3% | -13.5% | -26.1% | -7.6% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 52.1% | 52.1% | -9.9% | 0.7% | -5.3% | -10.7% | -26.4% | -15.2% | -26.1% | -19.8% |
| ROA | 18.9% | 18.9% | -3.5% | 0.2% | -1.6% | -3.6% | -7.9% | -3.9% | -6.7% | -2.9% |
| ROIC | 1.6% | 1.6% | 1.0% | 1.2% | 0.2% | -0.6% | — | -0.2% | -2.4% | 0.8% |
| ROCE | 2.0% | 2.0% | 1.2% | 1.5% | 0.2% | -0.7% | — | -0.3% | -2.9% | 1.0% |
GFL Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
GFL Environmental Inc. carries a Debt/EBITDA ratio of 4.8x, which is highly leveraged (51% above the sector average of 3.2x). Net debt stands at $7.8B ($7.9B total debt minus $86M cash). Interest coverage of just 1.8x is concerning — the company has limited headroom to absorb earnings volatility before struggling with debt service.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 1.06 | 1.06 | 1.46 | 1.26 | 1.60 | 1.67 | 1.17 | 2.82 | 1.97 | 4.84 |
| Debt / EBITDA | 4.77 | 4.77 | 5.89 | 5.31 | 6.18 | 7.47 | 25.67 | 10.18 | 28.87 | 9.12 |
| Net Debt / Equity | — | 1.05 | 1.44 | 1.24 | 1.59 | 1.63 | 1.17 | 2.62 | 1.97 | 4.84 |
| Net Debt / EBITDA | 4.72 | 4.72 | 5.82 | 5.23 | 6.13 | 7.32 | 25.56 | 9.43 | 28.83 | 9.12 |
| Debt / FCF | — | 44.95 | 30.00 | — | 30.35 | 37.65 | 87.92 | — | — | — |
| Interest Coverage | 1.84 | 1.84 | -0.91 | 1.24 | 0.16 | -1.27 | -2.97 | -0.33 | -0.69 | 0.34 |
GFL Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
The current ratio of 0.58x is below 1.0, meaning current liabilities exceed current assets. The current ratio has declined from 0.82x to 0.58x 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.58 | 0.58 | 0.54 | 0.82 | 0.51 | 0.98 | 0.86 | 1.64 | 1.00 | 1.18 |
| Quick Ratio | 0.58 | 0.58 | 0.50 | 0.77 | 0.48 | 0.93 | 0.86 | 1.58 | 0.94 | 1.11 |
| Cash Ratio | 0.04 | 0.04 | 0.04 | 0.07 | 0.03 | 0.13 | 0.02 | 0.66 | 0.01 | 0.00 |
| Asset Turnover | — | 0.34 | 0.29 | 0.38 | 0.34 | 0.28 | 0.27 | 0.27 | 0.17 | 0.39 |
| Inventory Turnover | — | — | 46.52 | 63.61 | 70.83 | 56.86 | — | 60.85 | 40.18 | 47.83 |
| Days Sales Outstanding | — | 44.25 | 74.98 | 54.77 | 59.64 | 80.63 | 68.40 | 77.80 | 113.23 | 87.25 |
GFL Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
GFL Environmental Inc. returns 17.5% to shareholders annually — split between a 0.2% dividend yield and 17.3% buyback yield. The payout ratio of 0.8% is conservative, leaving significant room for dividend growth or reinvestment. The earnings yield of 20.2% (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 |
|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 0.2% | 0.2% | 0.2% | 0.2% | 0.2% | 0.1% | 0.1% | — | — | — |
| Payout Ratio | 0.8% | 0.8% | — | 55.1% | — | — | — | — | — | — |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 20.2% | 23.3% | — | 0.4% | — | — | — | — | — | — |
| FCF Yield | 1.0% | 1.1% | 2.0% | — | 2.9% | 1.8% | 0.7% | — | — | — |
| Buyback Yield | 17.3% | 18.2% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | — | — | — |
| Total Shareholder Yield | 17.5% | 18.4% | 0.2% | 0.2% | 0.2% | 0.1% | 0.1% | — | — | — |
| Shares Outstanding | — | $379M | $381M | $370M | $367M | $362M | $355M | $181M | $314M | $326M |
Peer Comparison
Compare GFL 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 |
|---|---|---|---|---|---|---|---|---|---|
 GFLYou | $13B | 4.9 | 15.0 | 98.0 | 20.7% | 5.2% | 52.1% | 1.6% | 4.8 |
 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 |
 WCN | $39B | 36.7 | 16.4 | 31.5 | 39.0% | 18.1% | 13.4% | 7.7% | 3.2 |
 CWST | $5B | 704.8 | 15.6 | 62.5 | 17.1% | 4.9% | 0.5% | 2.6% | 3.0 |
 CLH | $15B | 39.6 | 16.0 | 34.8 | 29.5% | 11.2% | 14.7% | 9.8% | 3.1 |
 LKQ | $7B | 12.2 | 8.1 | 8.7 | 38.0% | 7.8% | 9.6% | 7.2% | 3.4 |
 PESI | $218M | -15.7 | — | — | 9.6% | -19.0% | -24.5% | -21.7% | — |
 CECO | $3B | 63.0 | 40.3 | — | 32.7% | 6.7% | 17.4% | 10.0% | 0.3 |
 ERII | $613M | 27.6 | 20.3 | 35.2 | 65.2% | 18.2% | 11.0% | 10.3% | 0.3 |
 TRMK | $3B | 12.1 | 9.5 | 11.4 | 71.0% | 25.5% | 11.0% | 7.1% | 3.4 |
| 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 ComparisonGFL — Frequently Asked Questions
Quick answers to the most common questions about buying GFL stock.
What is GFL Environmental Inc.'s P/E ratio?
GFL Environmental Inc.'s current P/E ratio is 4.9x. The historical average is 4.3x. This places it at the 100th percentile of its historical range.
What is GFL Environmental Inc.'s EV/EBITDA?
GFL Environmental Inc.'s current EV/EBITDA is 15.0x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 23.3x.
What is GFL Environmental Inc.'s ROE?
GFL Environmental Inc.'s return on equity (ROE) is 52.1%. This is above the typical threshold of 15-20% considered good for most companies. The historical average is -6.7%.
Is GFL stock overvalued?
Based on historical data, GFL Environmental Inc. is trading at a P/E of 4.9x. This is at the 100th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is GFL Environmental Inc.'s dividend yield?
GFL Environmental Inc.'s current dividend yield is 0.17% with a payout ratio of 0.8%.
What are GFL Environmental Inc.'s profit margins?
GFL Environmental Inc. has 20.7% gross margin and 5.2% operating margin.
How much debt does GFL Environmental Inc. have?
GFL Environmental Inc.'s Debt/EBITDA ratio is 4.8x, indicating high leverage. A ratio above 4x may signal elevated financial risk.