NYSE : CLH
Clean Harbors, Inc. — Financial statements
Industrials · Waste Management · United States
Last price 302.12 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 15.93B
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
Clean Harbors, Inc. (CLH) reported revenue of 6.56B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 6.56B | 6.03B | 5.89B | 5.41B | 5.17B | 3.81B |
| Cost of Revenue | 4.39B | 4.14B | 4.07B | 3.75B | 3.54B | 2.61B |
| Gross Profit | 2.17B | 1.89B | 1.82B | 1.66B | 1.62B | 1.20B |
| Selling, General & Admin | 819.20M | 752.53M | 739.63M | 671.16M | 627.39M | 537.96M |
| Other Operating Expenses | 14.19M | 14.33M | 13.46M | 13.67M | 12.94M | 11.74M |
| Operating Expenses | 1.30B | 1.21B | 1.15B | 1.05B | 987.93M | 847.84M |
| Operating Income | 877.89M | 673.37M | 670.23M | 612.44M | 634.75M | 347.89M |
| Interest Expense | -165.14M | -168.85M | -154.40M | -120.53M | -112.27M | -79.88M |
| Interest & Investment Income | 22.42M | 25.75M | 19.44M | 11.93M | 4.61M | 2.22M |
| Other Non Operating Income (Expenses) | 4.44M | 5.20M | -1.45M | 2.31M | 2.47M | -515.00K |
| EBT Excluding Unusual Items | 739.61M | 535.47M | 533.81M | 506.16M | 529.56M | 269.71M |
| Merger & Restructuring Charges | -13.50M | |||||
| Gain (Loss) on Sale of Assets | 776.00K | 776.00K | 8.86M | |||
| Other Unusual Items | -8.28M | -8.28M | -371.00K | -2.88M | -422.00K | |
| Pretax Income | 718.61M | 527.97M | 533.44M | 503.28M | 538.00M | 269.71M |
| Income Tax Expense | 190.25M | 136.99M | 131.14M | 125.42M | 126.25M | 66.47M |
| Net Income | 528.36M | 390.97M | 402.30M | 377.86M | 411.74M | 203.25M |
| Net Income to Common | 528.36M | 390.97M | 402.30M | 377.86M | 411.74M | 203.25M |
| Shares Outstanding (Basic) | 52.87M | 53.51M | 53.90M | 54.07M | 54.22M | 54.51M |
| Shares Outstanding (Diluted) | 53.04M | 53.72M | 54.20M | 54.38M | 54.49M | 54.76M |
| EPS (Basic) | 9.99 | 7.31 | 7.46 | 6.99 | 7.59 | 3.73 |
| EPS (Diluted) | 9.96 | 7.28 | 7.42 | 6.95 | 7.56 | 3.71 |
| Free Cash Flow | 500.54M | 441.81M | 345.53M | 312.25M | 281.16M | 304.14M |
| Free Cash Flow Per Share | 9.44 | 8.22 | 6.38 | 5.74 | 5.16 | 5.55 |
| Gross Margin | 33.13% | 31.28% | 30.97% | 30.75% | 31.41% | 31.42% |
| Operating Margin | 13.38% | 11.16% | 11.38% | 11.32% | 12.29% | 9.14% |
| Profit Margin | 8.05% | 6.48% | 6.83% | 6.98% | 7.97% | 5.34% |
| Free Cash Flow Margin | 7.63% | 7.33% | 5.87% | 5.77% | 5.44% | 7.99% |
| EBITDA | 1.34B | 1.12B | 1.07B | 978.20M | 982.34M | 646.02M |
| EBITDA Margin | 20.43% | 18.56% | 18.19% | 18.08% | 19.01% | 16.98% |
| D&A For EBITDA | 463.32M | 446.01M | 400.92M | 365.76M | 347.59M | 298.13M |
| EBIT | 877.89M | 673.37M | 670.23M | 612.44M | 634.75M | 347.89M |
| EBIT Margin | 13.38% | 11.16% | 11.38% | 11.32% | 12.29% | 9.14% |
| Effective Tax Rate | 26.47% | 25.95% | 24.58% | 24.92% | 23.47% | 24.64% |
| Revenue as Reported | 6.56B | 6.03B | 5.89B | 5.41B | 5.17B | 3.81B |
| Advertising Expenses | 9.80M | 11.40M | 10.90M | 9.40M | 6.00M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 423.54M | 826.32M | 687.19M | 444.70M | 492.60M | 452.57M |
| Short-Term Investments | 93.01M | 127.36M | 102.63M | 106.10M | 62.03M | 81.72M |
| Cash & Short-Term Investments | 516.55M | 953.68M | 789.83M | 550.80M | 554.64M | 534.30M |
| Receivables | 1.49B | 1.21B | 1.18B | 1.09B | 1.07B | 887.70M |
| Inventory | 407.92M | 372.09M | 384.66M | 327.51M | 324.99M | 250.69M |
| Prepaid Expenses | 96.35M | 88.55M | 53.54M | 53.04M | 52.82M | 42.08M |
| Other Current Assets | 27.90M | 28.20M | 29.90M | 29.70M | 26.40M | |
| Total Current Assets | 2.51B | 2.65B | 2.43B | 2.05B | 2.03B | 1.74B |
| Property, Plant & Equipment | 2.97B | 2.76B | 2.66B | 2.35B | 2.12B | 2.01B |
| Goodwill | 1.84B | 1.48B | 1.48B | 1.29B | 1.25B | 1.23B |
| Other Intangible Assets | 866.75M | 653.03M | 701.99M | 602.80M | 620.78M | 644.91M |
| Other Long-Term Assets | 90.24M | 88.82M | 104.21M | 86.91M | 103.80M | 34.71M |
| Total Assets | 8.28B | 7.62B | 7.38B | 6.38B | 6.13B | 5.65B |
| Accounts Payable | 551.76M | 506.59M | 487.29M | 451.81M | 446.63M | 359.87M |
| Accrued Expenses | 432.31M | 366.58M | 358.72M | 335.43M | 322.51M | 333.18M |
| Current Portion of Long-Term Debt | 12.60M | 12.60M | 15.10M | 10.00M | 10.00M | 34.92M |
| Current Portion of Leases | 81.34M | 108.35M | 96.99M | 73.41M | 62.30M | 58.51M |
| Current Income Taxes Payable | 93.42M | 42.08M | 35.39M | 44.75M | 61.44M | 29.95M |
| Current Unearned Revenue | 97.95M | 81.53M | 88.55M | 95.23M | 94.09M | 83.75M |
| Other Current Liabilities | 20.31M | 19.11M | 20.62M | 26.91M | 23.12M | 25.14M |
| Total Current Liabilities | 1.29B | 1.14B | 1.10B | 1.04B | 1.02B | 925.31M |
| Long-Term Debt | 2.88B | 2.76B | 2.77B | 2.29B | 2.41B | 2.52B |
| Long-Term Leases | 386.78M | 380.50M | 344.26M | 245.23M | 205.65M | 190.04M |
| Long-Term Deferred Tax Liabilities | 400.25M | 384.21M | 363.62M | 353.11M | 350.39M | 314.85M |
| Other Long-Term Liabilities | 212.37M | 213.28M | 222.09M | 207.77M | 216.43M | 192.58M |
| Total Liabilities | 5.17B | 4.88B | 4.80B | 4.14B | 4.21B | 4.14B |
| Common Stock | 527.00K | 529.00K | 538.00K | 539.00K | 541.00K | 544.00K |
| Additional Paid-In Capital | 143.04M | 193.90M | 421.75M | 459.73M | 504.24M | 536.38M |
| Retained Earnings | 3.20B | 2.76B | 2.36B | 1.96B | 1.58B | 1.17B |
| Comprehensive Income & Other | -223.97M | -204.62M | -213.63M | -175.34M | -167.18M | -196.01M |
| Shareholders' Equity | 3.12B | 2.75B | 2.57B | 2.25B | 1.92B | 1.51B |
| Total Liabilities & Equity | 8.28B | 7.62B | 7.38B | 6.38B | 6.13B | 5.65B |
| Total Debt | 3.36B | 3.27B | 3.23B | 2.62B | 2.69B | 2.80B |
| Net Cash (Debt) | -2.84B | -2.31B | -2.44B | -2.07B | -2.14B | -2.27B |
| Net Cash Per Share | -53.57 | -43.03 | -44.98 | -38.06 | -39.24 | -41.38 |
| Filing Date Shares Outstanding | 52.73M | 52.91M | 53.86M | 53.94M | 54.07M | 54.41M |
| Total Common Shares Outstanding | 52.73M | 52.87M | 53.83M | 53.93M | 54.06M | 54.42M |
| Working Capital | 1.22B | 1.51B | 1.33B | 1.01B | 1.01B | 815.86M |
| Book Value Per Share | 59.12 | 51.93 | 47.81 | 41.67 | 35.56 | 27.82 |
| Tangible Book Value | 407.19M | 613.58M | 394.34M | 356.97M | 54.66M | -358.07M |
| Tangible Book Value Per Share | 7.72 | 11.61 | 7.33 | 6.62 | 1.01 | -6.58 |
| Land | 233.06M | 193.44M | 184.19M | 174.89M | 172.58M | 165.01M |
| Buildings | 791.71M | 459.20M | 488.94M | 622.52M | 591.40M | 542.89M |
| Machinery | 4.11B | 4.21B | 4.04B | 3.50B | 3.20B | 3.05B |
| Construction In Progress | 159.00M | 90.18M | 70.31M | 213.60M | 140.33M | 60.45M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 528.36M | 390.97M | 402.30M | 377.86M | 411.74M | 203.25M |
| Depreciation & Amortization | 463.32M | 446.01M | 400.92M | 365.76M | 347.59M | 298.13M |
| Other Amortization | 5.22M | 6.32M | 6.32M | 5.31M | 6.30M | 4.25M |
| Loss (Gain) From Sale of Assets | -776.00K | -776.00K | -8.86M | |||
| Stock-Based Compensation | 46.22M | 32.70M | 27.98M | 20.70M | 26.84M | 18.84M |
| Provision & Write-off of Bad Debts | 11.13M | 8.08M | 8.13M | 5.96M | 7.78M | 8.02M |
| Other Operating Activities | 25.50M | 16.96M | 10.34M | 2.79M | 22.77M | 1.22M |
| Change in Accounts Receivable | -195.66M | -31.85M | -28.82M | 2.45M | -201.09M | -96.55M |
| Change in Inventory | -31.58M | 12.46M | -49.59M | -4.31M | -74.55M | -31.69M |
| Change in Accounts Payable | 81.39M | 23.38M | 12.33M | -27.43M | 74.46M | 108.40M |
| Change in Other Net Operating Assets | 86.64M | -37.53M | -12.13M | -14.53M | 13.22M | 32.14M |
| Operating Cash Flow | 1.02B | 866.73M | 777.77M | 734.55M | 626.21M | 546.00M |
| Capital Expenditures | -519.23M | -424.92M | -432.24M | -422.30M | -345.06M | -241.86M |
| Sale of Property, Plant & Equipment | 14.80M | 21.57M | 9.10M | 9.65M | 8.78M | 22.16M |
| Cash Acquisitions | -689.04M | -478.01M | -119.60M | -86.28M | -1.25B | |
| Divestitures | 4.28M | 4.28M | 750.00K | 750.00K | 16.81M | |
| Sale (Purchase) of Intangibles | -4.95M | -3.65M | -9.61M | -2.65M | -1.97M | -3.85M |
| Investment in Securities | -1.66M | -23.06M | 6.34M | -40.91M | 18.77M | -30.82M |
| Investing Cash Flow | -1.20B | -425.79M | -903.67M | -575.05M | -388.94M | -1.51B |
| Short-Term Debt Issued | 3.56M | 116.76M | 552.00K | |||
| Long-Term Debt Issued | 2.00B | 499.38M | 500.00M | 995.00M | ||
| Total Debt Issued | 2.13B | 2.01B | 499.38M | 616.76M | 552.00K | 995.00M |
| Short-Term Debt Repaid | -1.47M | -114.00M | -1.81M | |||
| Long-Term Debt Repaid | -2.04B | -45.99M | -639.91M | -128.47M | -15.99M | |
| Total Debt Repaid | -2.05B | -2.04B | -47.46M | -753.91M | -128.47M | -17.80M |
| Net Debt Issued (Repaid) | 78.78M | -34.45M | 451.91M | -137.15M | -127.92M | 977.20M |
| Issuance of Common Stock | 7.41M | 7.16M | 3.01M | |||
| Repurchase of Common Stock | -227.75M | -265.84M | -68.94M | -65.00M | -58.98M | -65.22M |
| Other Financing Activities | -16.91M | -16.22M | -8.95M | -6.74M | -410.00K | -13.74M |
| Financing Cash Flow | -158.47M | -309.34M | 377.03M | -208.89M | -187.31M | 898.25M |
| Foreign Exchange Rate Adjustments | -1.14M | 7.53M | -8.63M | 1.48M | -9.93M | -3.17M |
| Net Cash Flow | -335.65M | 139.12M | 242.49M | -47.91M | 40.03M | -66.53M |
| Free Cash Flow | 500.54M | 441.81M | 345.53M | 312.25M | 281.16M | 304.14M |
| Free Cash Flow Margin | 7.63% | 7.33% | 5.87% | 5.77% | 5.44% | 7.99% |
| Free Cash Flow Per Share | 9.44 | 8.22 | 6.38 | 5.74 | 5.16 | 5.55 |
| Levered Free Cash Flow | 413.14M | 347.51M | 209.66M | 258.31M | 203.92M | 270.41M |
| Unlevered Free Cash Flow | 511.13M | 446.73M | 299.84M | 328.33M | 267.79M | 316.09M |
| Cash Interest Paid | 137.78M | 157.26M | 153.06M | 114.56M | 105.64M | 73.44M |
| Cash Income Tax Paid | 122.02M | 117.90M | 130.61M | 132.31M | 78.53M | 65.19M |
| Change in Working Capital | -59.21M | -33.54M | -78.22M | -43.82M | -187.96M | 12.30M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 15.61B | 12.53B | 12.40B | 9.44B | 6.17B | 5.43B |
| Enterprise Value | 18.45B | 14.90B | 15.00B | 11.62B | 8.43B | 6.43B |
| Last Close Price | 296.07 | 234.48 | 230.14 | 174.51 | 114.12 | 99.77 |
| PE Ratio | 29.72 | 32.05 | 30.83 | 24.98 | 14.99 | 26.71 |
| Forward PE | 30.31 | 29.99 | 29.52 | 22.72 | 17.21 | 25.60 |
| PS Ratio | 2.38 | 2.08 | 2.11 | 1.75 | 1.19 | 1.43 |
| PB Ratio | 5.01 | 4.56 | 4.82 | 4.20 | 3.21 | 3.59 |
| P/TBV Ratio | 38.34 | 20.42 | 31.46 | 26.44 | 112.89 | |
| P/FCF Ratio | 31.19 | 28.36 | 35.90 | 30.23 | 21.95 | 17.85 |
| P/OCF Ratio | 15.31 | 14.46 | 15.95 | 12.85 | 9.85 | 9.94 |
| PEG Ratio | 2.30 | 3.33 | 2.31 | 2.52 | 1.91 | 2.73 |
| EV/Sales Ratio | 2.81 | 2.47 | 2.55 | 2.15 | 1.63 | 1.69 |
| EV/EBITDA Ratio | 13.76 | 13.31 | 14.00 | 11.87 | 8.58 | 9.96 |
| EV/EBIT Ratio | 21.02 | 22.12 | 22.37 | 18.97 | 13.27 | 18.49 |
| EV/FCF Ratio | 36.87 | 33.72 | 43.40 | 37.20 | 29.97 | 21.15 |
| Debt / Equity Ratio | 1.08 | 1.19 | 1.25 | 1.17 | 1.40 | 1.85 |
| Debt / EBITDA Ratio | 2.06 | 2.32 | 2.38 | 2.15 | 2.24 | 3.49 |
| Debt / FCF Ratio | 6.71 | 7.39 | 9.34 | 8.39 | 9.58 | 9.21 |
| Net Debt / Equity Ratio | 0.91 | 0.84 | 0.95 | 0.92 | 1.11 | 1.50 |
| Net Debt / EBITDA Ratio | 2.12 | 2.06 | 2.28 | 2.12 | 2.18 | 3.51 |
| Net Debt / FCF Ratio | 5.68 | 5.23 | 7.05 | 6.63 | 7.61 | 7.45 |
| Asset Turnover | 0.83 | 0.80 | 0.86 | 0.86 | 0.88 | 0.78 |
| Inventory Turnover | 11.18 | 10.95 | 11.42 | 11.48 | 12.31 | 11.08 |
| Quick Ratio | 1.56 | 1.90 | 1.78 | 1.58 | 1.59 | 1.54 |
| Current Ratio | 1.95 | 2.33 | 2.21 | 1.98 | 1.99 | 1.88 |
| Return on Equity (ROE) | 17.93% | 14.70% | 16.69% | 18.12% | 23.96% | 14.24% |
| Return on Assets (ROA) | 6.93% | 5.61% | 6.09% | 6.12% | 6.73% | 4.44% |
| Return on Invested Capital (ROIC) | 11.11% | 9.91% | 10.84% | 10.98% | 12.39% | 8.25% |
| Return on Capital Employed (ROCE) | 12.60% | 10.40% | 10.70% | 11.50% | 12.40% | 7.40% |
| Earnings Yield | 3.37% | 3.12% | 3.24% | 4.00% | 6.67% | 3.74% |
| FCF Yield | 3.21% | 3.53% | 2.79% | 3.31% | 4.56% | 5.60% |
| Buyback Yield / Dilution | 1.65% | 0.89% | 0.34% | 0.19% | 0.50% | 1.67% |