Clean Harbors Inc (CLH)

Clean Harbors, Inc. provides environmental and industrial services in the United States and Canada. The company operates through two segments: Environmental Services and Safety-Kleen Sustainability Solutions. The Environmental Services segment collects, transports, treats, recycles, and disposes hazardous and non-hazardous waste, such as resource recovery, physical treatment, 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 perform field services. The Safety-Kleen Sustainability Solutions segment provides containerized waste, parts-washer, and vacuum services for automobile repair shops, car and truck dealers, metal fabricators, machine manufacturers, fleet maintenance shops, and other automotive, industrial, and retail customers; collects and transports 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, and packages lubricants and other products. Clean Harbors, Inc. was incorporated in 1980 and is headquartered in Norwell, Massachusetts.

Symbol
CLH
Exchange
NYSE
Sector
Industrials
Industry
Waste Management
Market cap
$16.54B
52 week range
201.34 - 335.94

Valuation

Share price
$313.15 (close of 2026-09-23)
P/E (TTM)
42.20x
Price to book
5.96x
Price to free cash flow
35.45x
Enterprise value
$19.04B
Book value per share
$52.53

Price performance

PeriodChange
1 day+0.55%
5 days-1.59%
1 month-0.90%
3 months+8.03%
6 months+9.45%
Year to date+33.55%
1 year+32.61%
3 years+87.27%
5 years+201.83%
10 years+571.13%
All time+6858.89%

Profitability and growth

Return on equity
14.24%
Return on invested capital
10.82%
Return on assets
5.13%
Return on capital employed
10.38%
Gross margin
31.28%
Net margin
6.48%
EBITDA margin
18.56%
Revenue growth
2.39%
Net income growth
-2.82%
Free cash flow growth
27.86%

Cash flow and balance sheet

Free cash flow yield (TTM)
2.82%
Current ratio
2.34x
Net debt to EBITDA
2.16x

Latest reported year

Period end
2025-12-31
Fiscal year
2025
Revenue
$6.03B
Cost of revenue
$4.14B
Gross profit
$1.89B
EBITDA
$1.12B
Net income
$390.97M
Earnings per share
$7.31
Shares outstanding
53.51M

Income statement by year

Period endRevenueGross profitNet incomeEPS
2025-12-31$6.03B$1.89B$390.97M$7.31
2024-12-31$5.89B$1.82B$402.30M$7.46
2023-12-31$5.41B$1.66B$377.86M$6.99
2022-12-31$5.17B$1.62B$411.74M$7.59
2021-12-31$3.81B$1.20B$203.25M$3.73
2020-12-31$3.14B$1.01B$134.84M$2.43
2019-12-31$3.41B$1.02B$97.74M$1.75
2018-12-31$3.30B$994.75M$65.64M$1.17
2017-12-31$2.94B$882.30M$100.74M$1.77
2016-12-31$2.76B$822.37M$-39.87M$-0.69

Margins and returns by year

Period endGross marginNet marginReturn on equityReturn on capital
2025-12-3131.28%6.48%14.24%10.82%
2024-12-3130.97%6.83%15.63%10.94%
2023-12-3130.74%6.99%16.81%11.35%
2022-12-3131.41%7.97%21.42%12.64%
2021-12-3131.42%5.34%13.43%7.32%
2020-12-3132.01%4.29%10.05%8.17%
2019-12-3130.02%2.86%7.70%6.74%
2018-12-3130.14%1.99%5.61%6.11%
2017-12-3129.96%3.42%8.48%5.11%
2016-12-3129.85%-1.45%-3.68%1.43%

Cash and debt by year

Period endCashDebt
2025-12-31$826.32M$2.76B
2024-12-31$687.19M$2.77B
2023-12-31$444.70M$2.29B
2022-12-31$492.60M$2.41B
2021-12-31$452.57M$2.52B
2020-12-31$519.10M$1.55B
2019-12-31$371.99M$1.55B
2018-12-31$226.51M$1.57B
2017-12-31$319.40M$1.63B
2016-12-31$307.00M$1.63B

Free cash flow by year

Period endFree cash flowStock-based compensation
2025-12-31$441.81M$32.70M
2024-12-31$345.53M$27.98M
2023-12-31$312.25M$20.70M
2022-12-31$281.16M$26.84M
2021-12-31$304.14M$18.84M
2020-12-31$234.34M$18.50M
2019-12-31$196.87M$17.82M
2018-12-31$179.87M$16.79M
2017-12-31$118.69M$13.15M
2016-12-31$40.24M$10.48M

Investor relations

Next earnings report

Next confirmed report
2026-11-04
Consensus EPS estimate
$3.25

Past earnings dates

ReportedFiscal periodEPS estimate
2026-07-29Jun/2026$2.74
2026-05-06--
2026-02-18--
2025-10-29--
2025-07-30--
2025-07-29--
2025-04-30--
2025-04-29--

Filings and sources

Company website
cleanharbors.com
SEC filings
10-K, 10-Q and 8-K on EDGAR
Earnings calendar
All upcoming reports

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