GFL Environmental Inc. (GFL) Revenue History
Annual and quarterly revenue from 2017 to present
GFL Revenue Over Time (2017–2025)
GFL Revenue Growth History
7 of 8 years with positive growth- FY2017 revenue growth
- N/A
- FY2018 revenue growth
- +39.0%
- FY2019 revenue growth
- +80.7%
- FY2020 revenue growth
- +25.4%
- FY2021 revenue growth
- +22.4%
- FY2022 revenue growth
- +31.6%
- FY2023 revenue growth
- +11.2%
- FY2024 revenue growth
- -18.3%
- FY2025 revenue growth
- +7.8%
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2026 | $1.95B | +16.3% |
| Q1 2026 | $1.64B | +5.4% |
| Q4 2025 | $1.69B | -15.1% |
| Q3 2025 | $1.69B | +9.0% |
| Q2 2025 | $1.68B | +5.9% |
| Q1 2025 | $1.56B | -13.4% |
| Q4 2024 | $1.99B | +5.5% |
| Q3 2024 | $1.55B | -17.8% |
Multi-year avg. share of annual revenue by fiscal quarter
Revenue Breakdown (FY 2025)
GFL's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
By Geography
GFL Revenue Analysis (2017–2025)
Current Revenue & Growth
As of September 24, 2026, GFL Environmental Inc. (GFL) generated trailing twelve-month (TTM) revenue of $6.97 billion, reflecting strong growth of +16.3% year-over-year. The most recent quarter (Q2 2026) recorded $1.95 billion in revenue, up 18.5% sequentially.
Historical Growth Trajectory
GFL's 5-year compound annual growth rate (CAGR) stands at +9.5%, indicating steady revenue expansion. The 3-year CAGR of -0.7% is below the 5-year average, signalling a growth deceleration in recent years. GFL Environmental Inc.'s highest annual revenue of $7.52 billion was recorded in 2023.
Revenue by Segment
GFL's revenue is primarily driven by Collection (64%), Landfills (17%), and Transfer (13%). With over half of revenue concentrated in Collection, the company has a focused business model while developing other growth vectors.
Peer Comparison
Compared to Industrials sector peers — including WM (+7.2% YoY), RSG (+3.2% YoY), and WCN (+6.1% YoY) — GFL has outperformed the peer group in revenue growth. Compare GFL vs WM →
GFL Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| GFLCurrent | $7.0B | +16.3% | +9.5% | 5.2% | |
 WM | $25.2B | +7.2% | +10.6% | 18.3% | |
 RSG | $16.6B | +3.2% | +10.3% | 20.0% | |
 WCN | $9.5B | +6.1% | +11.8% | 18.1% | |
 CWST | $1.8B | +13.6% | +18.9% | 4.9% | |
 CLH | $6.0B | +5.1% | +13.9% | 11.2% |
GFL Historical Revenue Data (2017–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $6.62B | +7.8% | $1.37B | 20.7% | $346.0M | 5.2% |
| 2024 | $6.14B | -18.3% | $1.13B | 18.4% | $222.8M | 3.6% |
| 2023 | $7.52B | +11.2% | $1.27B | 16.9% | $261.1M | 3.5% |
| 2022 | $6.76B | +31.6% | $797.6M | 11.8% | $39.9M | 0.6% |
| 2021 | $5.14B | +22.4% | $473.7M | 9.2% | $-103,400,000 | -2.0% |
| 2020 | $4.20B | +25.4% | $190.1M | 4.5% | $0 | - |
| 2019 | $3.35B | +80.7% | $273.8M | 8.2% | $-31,700,000 | -0.9% |
| 2018 | $1.85B | +39.0% | $149.1M | 8.0% | $-195,063,000 | -10.5% |
| 2017 | $1.33B | - | $188.0M | 14.1% | $30.9M | 2.3% |
GFL Chart Terminal
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Live Breakouts Feed
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Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
Historical Returns
9+ years return with dividends reinvested.
Peer Comparison
Compare growth, multiples, and margins vs sector.
GFL — Frequently Asked Questions
Quick answers to the most common questions about buying GFL stock.
Is GFL's revenue growth accelerating or slowing?
GFL revenue growth is accelerating. TTM revenue reached $7.0B, up +16.3% year-over-year — ahead of the 5-year CAGR of +9.5%. This indicates the business is expanding faster than its historical baseline.
What is GFL's revenue history from 2017 to 2026?
GFL Environmental Inc. (GFL) revenue history spans 2017 to 2026. TTM revenue as of 2026 is $7.0B, growing at +16.3% YoY. The 5-year CAGR is +9.5%. Complete annual and quarterly revenue figures are available on this page, including gross profit, operating income, and margin trends.
What is GFL's long-term revenue growth rate (CAGR)?
GFL Environmental Inc.'s 5-year revenue CAGR of +9.5% reflects the sustained nature of its business expansion. As of 2026, the current YoY growth rate of +16.3% is above this long-term average. CAGR is the most reliable measure of sustained revenue momentum for GFL.
Why does GFL's quarterly revenue fluctuate?
GFL quarterly revenue can fluctuate significantly between periods. A quarter-over-quarter (QoQ) change does not always indicate a trend; comparing the same quarter year-over-year (YoY) is a more reliable signal for underlying growth. GFL Environmental Inc.'s revenue data from 2017 to 2026 shows full historical quarterly detail on this page.
How is GFL's revenue distributed by segment?
GFL reports revenue broken down by product line and geographic region. The segment breakdown on this page shows which business units contribute the most to total revenue as of the latest fiscal year. Concentration in a single segment above 50% indicates category dependence, while a diversified mix signals more resilient revenue streams.
How does GFL's revenue compare to industry peers?
GFL Environmental Inc. (GFL) with TTM revenue of $7.0B and +16.3% YoY growth can be benchmarked against sector peers using the comparison table on this page. Revenue growth relative to peers indicates market share gains or losses. The peer section shows TTM revenue, YoY growth, and operating margin for direct comparisons.