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Clean Harbors, Inc.

NYSE•CLH
CEO: Mr. Alan S. McKim
Sector: Industrials
Industry: Waste Management
Listing Date: 1987-11-24
Clean Harbors, Inc. provides environmental and industrial services in the United States and internationally. The company operates through two segments, Environmental Services and Safety-Kleen Sustainability Solutions. The Environmental Services segment collects, transports, treats, and disposes hazardous and non-hazardous waste, such as resource recovery, physical treatment, fuel blending, incineration, landfill disposal, wastewater treatment, lab chemicals disposal, and explosives management services; and offers CleanPack services, including collection, identification, categorization, specialized packaging, transportation, and disposal of laboratory chemicals and household hazardous waste. This segment also provides industrial maintenance and specialty industrial services; and utilizes specialty equipment and resources that performs field services. The Safety-Kleen Sustainability Solutions segment provides pickup and transportation services for hazardous and non-hazardous containerized waste for recycling or disposal; machine cleaning and maintenance, and disposal and replenishment of clean solvent or aqueous fluids; and vacuum services to remove solids, residual oily water, and sludge and other fluids from customers' oil/water separators, sumps, and collection tanks, as well as removes and collects waste fluids found at large and small industrial locations, including metal fabricators, auto maintenance providers, and general manufacturers. This segment also manufactures, formulates, packages, distributes, and markets lubricants and other automotive products. Clean Harbors, Inc. was incorporated in 1980 and is headquartered in Norwell, Massachusetts.
Contact Information
42 Longwater Drive, Norwell, MA, 02061-9149, United States
781-792-5000
www.cleanharbors.com
Market Cap
$15.88B
P/E (TTM)
40.4
40.5
Dividend Yield
--
52W High
$298.12
52W Low
$178.29
52W Range
99%
Rank28Top 16.1%
5.3
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Average • 5.3 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2016-2025

Financial Dashboard

Q4 2025 Data

Revenue

$1.50B+0.00%
4-Quarter Trend

EPS

$1.63+0.00%
4-Quarter Trend

FCF

$233.34M+0.00%
4-Quarter Trend

2025 Annual Earnings Highlights

Key Highlights

Total Revenue Increased 2.4% Total direct revenues reached $6,030.8M USD in 2025, marking a 2.4% increase over 2024 results driven by strong service segments.
Adjusted EBITDA Grew 4.7% Adjusted EBITDA totaled $1,169.9M USD, reflecting a 4.7% increase, primarily driven by strong performance in the Environmental Services segment.
Operating Cash Flow Improved Net cash from operating activities was $866.7M USD, showing an $89.0M USD increase due to better working capital management and lower tax payments.
Safety Metrics Hit Record Lows TRIR reached 0.49, a 25% improvement, and DART was 0.23, a 15% improvement, marking the lowest frequency and severity in company history.

Risk Factors

Environmental Liabilities Remain High Closure, post-closure, and remedial liabilities totaled $230.7M USD as of December 31, 2025, subject to future regulatory changes and remediation costs.
SKSS Revenue Declined 5.4% Safety-Kleen Sustainability Solutions direct revenues fell $47.4M USD due to lower market pricing for base oil and blended products, despite higher collection fees.
Operational Risks Threaten Results Operational failures, equipment malfunctions, or natural disasters expose the company to potential liability, brand damage, and facility shutdowns impacting results.
Cybersecurity Incidents Exposure Technology dependency creates cybersecurity risks, including breaches or system disruptions, potentially leading to business interruption and reputational damage.

Outlook

Kimball Incinerator Reaching Capacity The new Kimball incinerator, operational in late 2024, is expected to run at full capacity by the end of 2026, supporting future waste disposal volumes.
Strategic Growth Investments Planned Anticipated 2026 capital spending is $450.0M to $510.0M USD, including expansion of the SDA unit project expected operational in 2028.
Planned Acquisition in Early 2026 Agreement signed to acquire Depot Connect International for $130.0M USD cash, expanding Environmental Services segment technical and field operations.
Focus on Cost and Pricing Management aims to maintain margins through cost monitoring, leveraging scale for purchasing synergies, and actively managing pricing for used oil collection services.

Peer Comparison

Revenue (TTM)

ARMK stock ticker logoARMK
$18.79B
+7.1%
SWK stock ticker logoSWK
$15.13B
-1.5%
RTO stock ticker logoRTO
$14.70B
+46.0%

Gross Margin (Latest Quarter)

NDSN stock ticker logoNDSN
54.7%
+2.2pp
BAH stock ticker logoBAH
51.9%
-3.3pp
GGG stock ticker logoGGG
51.7%
+0.8pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
ERJ$47.38B40.29.6%19.1%
CRS$19.98B46.223.0%19.9%
ITT$16.56B31.516.2%14.7%

Long-Term Trends

Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
1.6%
Moderate Growth
4Q Net Income CAGR
13.8%
Profitability Improving
Cash Flow Stability
100%
Strong Cash Flow

Deep Research

Next earnings:Apr 28, 2026
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