GFL
GFL Environmental Inc.
GFL lost money over the past year, so it has no meaningful PE right now. Analysts expect earnings to recover, though they disagree widely on how much.
GFL Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Under pressure | |
| Stable | |
| Weak |
GFL's revenue is currently healthy, and its cash flow is stable, but its profitability and balance sheet are under pressure.
GFL PE Valuation
GFL has no meaningful PE right now: it lost money over the past year.
GFL Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Strong growth | |
| Strong growth | |
| Weakening | |
| Limited | |
| Low |
Analysts expect strong earnings and revenue growth for GFL, but weaker profitability. However, they disagree widely on these estimates.
GFL Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q3 2026 | -$0.73 | -111% |
| Q2 2026 | -$0.49 | -108% |
| Q1 2026 | $0.31 | -94% |
| Q4 2025 | $6.83 | +$8.33 |
| Q3 2025 | $6.42 | +$7.70 |
| Q2 2025 | $6.38 | +$7.78 |
| Q1 2025 | $4.97 | +$4.97 |
| Q4 2024 | -$1.50 | -$1.46 |
GFL has swung to a loss: it lost $0.73 per share over the past year, after a profit the year before.
GFL Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $1.5B | +24% |
| Q2 2026 | $1.4B | +16% |
| Q1 2026 | $1.2B | +5.4% |
| Q4 2025 | $1.2B | -15% |
| Q3 2025 | $1.2B | +9% |
| Q2 2025 | $1.2B | +5.9% |
| Q1 2025 | $1.1B | -13% |
| Q4 2024 | $1.4B | +5.5% |
GFL's revenue has picked up after three years of holding roughly level: $1.5B last quarter, up 24% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 6.9% | -2.6 points |
| Q2 2026 | 5.6% | -3 points |
| Q1 2026 | 2.1% | +2 points |
| Q4 2025 | 1.8% | -3.5 points |
| Q3 2025 | 9.5% | +3.5 points |
| Q2 2025 | 8.6% | +3.3 points |
| Q1 2025 | 0.1% | -1.1 points |
| Q4 2024 | 5.3% | +3.6 points |
GFL's operating margin was 6.9% last quarter, down 2.6 points from the same quarter a year ago.
GFL Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $88.6M | +24% |
| Q2 2026 | $85.7M | +613% |
| Q1 2026 | -$160.5M | -$61.3M |
| Q4 2025 | $138.5M | -21% |
| Q3 2025 | $71.4M | +54% |
| Q2 2025 | $12M | -62% |
| Q1 2025 | -$99.2M | -$84M |
| Q4 2024 | $174.4M | +46% |
GFL still generates free cash flow, though less than at its 2024 peak: $152M over the past year.
GFL Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +6.7% | +24.3M shares |
| 1 year | +4.2% | +15.4M shares |
| 3 years | +4.4% | +16.1M shares |
| 5 years | +6.5% | +23.6M shares |
| Available history | +7% | +25.3M shares |
GFL has 386M diluted shares, up 4.2% from a year ago, despite $197M in buybacks over the past year.
| Quarter | Spent |
|---|---|
| Q3 2026 | — |
| Q2 2026 | $9.8M |
| Q1 2026 | $40.2M |
| Q4 2025 | $146.9M |
| Q3 2025 | $243.5M |
| Q2 2025 | $195.2M |
| Q1 2025 | $1.5B |
| Q4 2024 | — |
GFL spent $197M buying back its own shares over the past year, down 90% from the year before.
GFL Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 6.6x | High |
| Q2 2026 | 5.6x | High |
| Q1 2026 | 4.2x | High |
| Q4 2025 | 3.8x | Elevated |
| Q3 2025 | 4.2x | High |
| Q2 2025 | 3.9x | Elevated |
| Q1 2025 | 6.6x | High |
| Q4 2024 | 9.7x | High |
GFL's net debt is about 6.6 years of its operating earnings (EBITDA), up from 4.2 years a year ago.
GFL Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 49.3 | Neutral |
| Stochastic | 70.0 | Neutral |
GFL's weekly RSI is 49 (neutral) and its Stochastic is 70 (neutral).
GFL PE vs Industrials Sector
| Metric | GFL | Sector median | Relative |
|---|---|---|---|
| PE | N/A | 24x | — |
GFL has no meaningful PE right now: it lost money over the past year.
GFL Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $43.7 | 4.1% below |
| 20 week MA | $42.2 | 0.6% below |
| 50 week MA | $41.3 | 1.5% above |
| 100 week MA | $44.2 | 5.1% below |
| 200 week MA | $39.9 | 5.2% above |
GFL's trend is mixed: it's above two of its five weekly moving averages, and 5.2% above its 200-week average.
GFL Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $17.0 | $28.2 | +66% |
| 2021 | $28.2 | $38.0 | +35% |
| 2022 | $38.0 | $28.2 | -26% |
| 2023 | $28.2 | $34.5 | +22% |
| 2024 | $34.5 | $44.6 | +29% |
| 2025 | $44.6 | $43.2 | -3% |
| 2026 YTD | $43.2 | $41.9 | -3% |
GFL has finished higher in four of the last six years. It's down 3% so far in 2026.