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
Market Cap
$13.92B
P/E (TTM)
35.8
54
Dividend Yield
--
52W High
$268.22
52W Low
$178.29
52W Range
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
Q3 2025 Data
Revenue
$1.55B+1.30%
4-Quarter Trend
EPS
$2.22+3.74%
4-Quarter Trend
FCF
$207.54M+46.41%
4-Quarter Trend
2025 Q3 Earnings Highlights
Key Highlights
Revenue Growth Strong Total direct revenues reached $4.53B for nine months, marking 1.6% growth, supported by Environmental Services segment strength.
Adjusted EBITDA Rises Nine month Adjusted EBITDA $891.3M, increasing $31.5M or 3.7% compared to prior year period results.
Operating Cash Flow Improves Net cash from operations $511.6M YTD, an $37.8M increase due to working capital improvements and lower tax payments.
Major Debt Refinancing Complete Issued $745.0M 2033 Notes and $1.26B New Term Loans in October 2025 to refinance existing debt portfolio.
Risk Factors
Net Income Declines Nine month net income $304.4M, reflecting a 4.4% decrease compared to $318.3M reported last year.
SKSS Revenue Pressured SKSS direct revenues fell 6.0% YTD, primarily due to lower pricing for base and blended oil products sold.
Environmental Liabilities Remain Total environmental liabilities stand at $236.7M balance, though remedial liability estimate decreased by $10M in Q1 2025.
Capital Spending Timing Capital expenditures $303.2M YTD, down 18.0% vs 2024, reflecting timing shifts in major facility investments.
Outlook
Future Capital Spending Expect 2025 capital spending net of disposals between $385.0M and $415.0M, including SDA and Phoenix Hub investments.
Debt Servicing Funded Expect future interest and principal payments on new debt to be funded by cash flow from operations.
Stock Repurchase Available $382.4M remains available under board-approved plan to repurchase common stock through open market transactions.
Controls Effective Disclosure controls and procedures were deemed effective as of September 30, 2025, with no material changes noted.
Peer Comparison
Revenue (TTM)
RTO$14.70B
AVY$8.77B
$5.96B
Gross Margin (Latest Quarter)
NDSN56.3%
53.2%
IEX44.5%
Key Metrics
Symbol | Market Cap | P/E (TTM) | ROE (TTM) | Debt to Assets |
|---|---|---|---|---|
| CRS | $16.73B | 40.7 | 22.7% | 20.7% |
| RTO | $16.67B | 68.1 | 4.3% | 42.4% |
| ITT | $15.76B | 29.6 | 18.0% | 21.4% |
Long-Term Trends
Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
2.7%
Moderate Growth
4Q Net Income CAGR
12.3%
Profitability Improving
Cash Flow Stability
100%
Strong Cash Flow
Research & Insights
Next earnings:Feb 18, 2026
EPS:$1.61
|Revenue:-
Reports
All Years
Form 10-Q - Q3 2025
Period End: Sep 30, 2025|Filed: Oct 29, 2025|Revenue: $1.55B+1.3%|EPS: $2.22+3.7%MissForm 10-Q - Q2 2025
Period End: Jun 30, 2025|Filed: Jul 30, 2025|Revenue: $1.55B-0.2%|EPS: $2.37-4.0%MeetForm 10-Q - Q1 2025
Period End: Mar 31, 2025|Filed: Apr 30, 2025|Revenue: $1.43B+4.0%|EPS: $1.09-15.5%MeetForm 10-K - FY 2024
Period End: Dec 31, 2024|Filed: Feb 19, 2025|Revenue: $5.89B+8.9%|EPS: $7.46+6.7%BeatForm 10-Q - Q3 2024
Period End: Sep 30, 2024|Filed: Oct 30, 2024|Revenue: $1.53B+12.0%|EPS: $2.14+26.6%MeetForm 10-Q - Q2 2024
Period End: Jun 30, 2024|Filed: Jul 31, 2024|Revenue: $1.55B+11.1%|EPS: $2.47+15.4%BeatForm 10-Q - Q1 2024
Period End: Mar 31, 2024|Filed: May 1, 2024|Revenue: $1.38B+5.3%|EPS: $1.29-3.7%BeatForm 10-K - FY 2023
Period End: Dec 31, 2023|Filed: Feb 21, 2024|Revenue: $5.41B+4.7%|EPS: $6.99-7.9%Meet