GFL Environmental Inc.

TSX:GFL Stock Report

Market Cap: CA$18.1b

GFL Environmental Dividends and Buybacks

Dividend criteria checks 0/6

GFL Environmental is a dividend paying company with a current yield of 0.17%.

Key information

0.2%

Dividend yield

4.9%

Buyback Yield

Total Shareholder Yield5.1%
Future Dividend Yield0.2%
Dividend Growth12.3%
Next dividend pay daten/a
Ex dividend daten/a
Dividend per sharen/a
Payout ratio14%

Recent dividend and buyback updates

Recent updates

Narrative Update May 04

GFL: Dividend Growth And Large Buyback Will Support Future Upside

Analysts have trimmed their 12 month price target for GFL Environmental by CA$1 to CA$70.73, reflecting updated assumptions around slightly higher expected revenue growth, a lower profit margin, a higher discount rate, and a higher future P/E multiple. What's in the News GFL updated its full year 2026 earnings guidance to reflect acquisitions completed through April 1, 2026.
Narrative Update Apr 20

GFL: Share Repurchases And Dividend Aristocrat Status Will Drive Future Upside Potential

Analysts have trimmed their price target on GFL Environmental by CA$1 to CA$86, citing updated assumptions around slightly higher revenue growth, a lower profit margin profile, and a higher future P/E multiple in their models. What's in the News Reports indicate GFL Environmental is nearing a deal to acquire SECURE Waste Infrastructure Corp.
Narrative Update Apr 06

GFL: Dividends And Buybacks Will Support Steady Fair Value Outlook

Analysts have made only minor adjustments to their view on GFL Environmental, keeping the fair value price target steady at CA$60.00. Small changes in discount rate, revenue growth and profit margin assumptions offset one another, alongside a slightly lower future P/E input.
Narrative Update Mar 22

GFL: Share Repurchases And Profit Outlook Will Support Fair Value View

Analysts have adjusted their price target on GFL Environmental to CA$60.00, citing updated assumptions for revenue growth, profit margins, and a revised future P/E estimate as key drivers of the change. What's in the News The Board of Directors authorized a new share buyback plan on February 27, 2026, signaling continued use of repurchases as a capital management tool (Key Developments).
Narrative Update Mar 08

GFL: Share Repurchases And Dividend Aristocrat Status Will Support Upside Potential

Analysts have trimmed their fair value estimate for GFL Environmental from CA$89.00 to CA$87.00 as they balance a higher discount rate and lower profit margin assumptions against stronger projected revenue growth and a higher future P/E multiple. What's in the News GFL Environmental announced a normal course issuer bid to repurchase up to 34,657,586 subordinate voting shares, equal to 10% of its 346,575,862 issued and outstanding subordinate voting shares, with the bid set to expire on March 2, 2027 (Key Developments).
Narrative Update Feb 22

GFL: Dividend Aristocrat Status And Buybacks Will Support Future Upside

Analysts have trimmed their price target on GFL Environmental to CA$71.73 from CA$75.30, citing updated assumptions around revenue growth, profit margins, and a lower future P/E multiple. What's in the News GFL Environmental issued earnings guidance for 2026, with revenue estimated at approximately $7,000m, or $7,140m on a constant currency basis, and the guidance description references an 8% change (Corporate guidance).
Narrative Update Feb 07

GFL: Fair View Will Balance Dividend Index Inclusion And Equity Offering

Analysts have maintained their price target for GFL Environmental at $60.00. The update primarily reflects refreshed assumptions on discount rate, revenue growth, profit margins and future P/E rather than a change in their headline valuation view.
Narrative Update Jan 24

GFL: Fair Value View Will Balance Share Offering And Margin Reset

Analysts now place their fair value estimate for GFL Environmental at $60.00, up from $58.00, citing updated assumptions around discount rates, revenue growth, profit margins, and a much higher forward P/E multiple in their models. What's in the News GFL Environmental filed a follow on equity offering of 16,611,295 Subordinate Voting Shares, classified as common stock.
Narrative Update Jan 07

GFL: Future M&A Pipeline Will Support Upside From Recent Equity Raise

Analysts have slightly lowered their price target for GFL Environmental to about $75.30 from $75.53, reflecting updated assumptions around discount rates, revenue, profit margins, and a higher future P/E multiple. What's in the News GFL Environmental completed a follow on equity offering of 16,611,295 Subordinate Voting Shares at $45.15 per share, with a discount of $0.22 per share, raising about $750m in gross proceeds (Follow on Equity Offering).
Analysis Article Nov 12

GFL Environmental Inc. Just Beat Earnings Expectations: Here's What Analysts Think Will Happen Next

GFL Environmental Inc. ( TSE:GFL ) last week reported its latest quarterly results, which makes it a good time for...
Narrative Update Nov 01

GFL: Index Addition And Infrastructure Deal Will Support Margin Expansion

Analysts have revised their price target for GFL Environmental to $75.53. They are maintaining stability in their outlook while noting improvements in profit margin forecasts, despite slightly lower revenue growth expectations.
Analysis Article Oct 28

We Think GFL Environmental (TSE:GFL) Is Taking Some Risk With Its Debt

Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
Narrative Update Oct 17

Investments In Sustainability And M&A Will Drive Future Margin Expansion

Analysts have slightly reduced their price target for GFL Environmental, lowering it by $0.25 as they weigh a marginally higher discount rate and improved profit margin, while also considering weaker revenue growth expectations and a decrease in the projected future price-to-earnings ratio. What's in the News GFL Environmental Inc.
Narrative Update Oct 03

Investments In Sustainability And M&A Will Drive Future Margin Expansion

Analysts have raised their price target for GFL Environmental from $71.93 to $75.78. They cite improved revenue growth prospects and minor shifts in profit expectations as the reasons for this change.
Analysis Article Sep 13

At CA$65.31, Is It Time To Put GFL Environmental Inc. (TSE:GFL) On Your Watch List?

Today we're going to take a look at the well-established GFL Environmental Inc. ( TSE:GFL ). The company's stock saw...
Analysis Article Aug 08

There May Be Underlying Issues With The Quality Of GFL Environmental's (TSE:GFL) Earnings

TSX:GFL 1 Year Share Price vs Fair Value Explore GFL Environmental's Fair Values from the Community and select yours...
Analysis Article Jul 23

Revenues Not Telling The Story For GFL Environmental Inc. (TSE:GFL)

When close to half the companies in the Commercial Services industry in Canada have price-to-sales ratios (or "P/S...
Analysis Article Jul 07

Is GFL Environmental (TSE:GFL) A Risky Investment?

Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
Analysis Article Jun 22

GFL Environmental Inc. (TSE:GFL) Shares Could Be 25% Below Their Intrinsic Value Estimate

Key Insights The projected fair value for GFL Environmental is CA$91.30 based on 2 Stage Free Cash Flow to Equity...
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New Narrative Nov 09

Renewable Strategies And Tactical Divestitures Propel Growth And Financial Resilience

GFL's strategy of focusing on recycling and renewable natural gas is driving revenue and earnings growth through disciplined pricing and operational efficiencies.

Stability and Growth of Payments

Fetching dividends data

Stable Dividend: GFL is not paying a notable dividend for the Canadian market, therefore no need to check if payments are stable.

Growing Dividend: GFL is not paying a notable dividend for the Canadian market, therefore no need to check if payments are increasing.


Dividend Yield vs Market

GFL Environmental Dividend Yield vs Market
How does GFL dividend yield compare to the market?
SegmentDividend Yield
Company (GFL)0.2%
Market Bottom 25% (CA)1.7%
Market Top 25% (CA)5.5%
Industry Average (Commercial Services)1.0%
Analyst forecast (GFL) (up to 3 years)0.2%

Notable Dividend: GFL's dividend (0.17%) isn’t notable compared to the bottom 25% of dividend payers in the Canadian market (1.66%).

High Dividend: GFL's dividend (0.17%) is low compared to the top 25% of dividend payers in the Canadian market (5.4%).


Earnings Payout to Shareholders

Earnings Coverage: GFL is not paying a notable dividend for the Canadian market.


Cash Payout to Shareholders

Cash Flow Coverage: GFL is not paying a notable dividend for the Canadian market.


Discover strong dividend paying companies

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/05/12 05:57
End of Day Share Price 2026/05/12 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

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Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

GFL Environmental Inc. is covered by 27 analysts. 17 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Christopher MurrayATB Cormark
Moses SuttonBarclays
Moses SuttonBarclays