GFL Environmental Inc.

TSX:GFL Stock Report

Market Cap: CA$23.0b

GFL Environmental Past Earnings Performance

Past criteria checks 2/6

GFL Environmental has been growing earnings at an average annual rate of 24.1%, while the Commercial Services industry saw earnings growing at 17.3% annually. Revenues have been growing at an average rate of 13.2% per year. GFL Environmental's return on equity is 1.5%, and it has net margins of 1%.

Key information

24.08%

Earnings growth rate

25.43%

EPS growth rate

Commercial Services Industry Growth7.30%
Revenue growth rate13.25%
Return on equity1.50%
Net Margin1.04%
Last Earnings Update30 Sep 2025

Recent past performance updates

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

Aug 08
There May Be Underlying Issues With The Quality Of GFL Environmental's (TSE:GFL) Earnings

Recent updates

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

Nov 12
GFL Environmental Inc. Just Beat Earnings Expectations: Here's What Analysts Think Will Happen Next

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

Oct 28
We Think GFL Environmental (TSE:GFL) Is Taking Some Risk With Its Debt

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

Sep 13
At CA$65.31, Is It Time To Put GFL Environmental Inc. (TSE:GFL) On Your Watch List?

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

Aug 08
There May Be Underlying Issues With The Quality Of GFL Environmental's (TSE:GFL) Earnings

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

Jul 23
Revenues Not Telling The Story For GFL Environmental Inc. (TSE:GFL)

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

Jul 07
Is GFL Environmental (TSE:GFL) A Risky Investment?

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

Jun 22
GFL Environmental Inc. (TSE:GFL) Shares Could Be 25% Below Their Intrinsic Value Estimate

We Think Some Shareholders May Hesitate To Increase GFL Environmental Inc.'s (TSE:GFL) CEO Compensation

May 07
We Think Some Shareholders May Hesitate To Increase GFL Environmental Inc.'s (TSE:GFL) CEO Compensation

These 4 Measures Indicate That GFL Environmental (TSE:GFL) Is Using Debt Reasonably Well

Mar 20
These 4 Measures Indicate That GFL Environmental (TSE:GFL) Is Using Debt Reasonably Well

GFL Environmental Inc. (TSE:GFL) Just Released Its Full-Year Earnings: Here's What Analysts Think

Mar 03
GFL Environmental Inc. (TSE:GFL) Just Released Its Full-Year Earnings: Here's What Analysts Think

What Does GFL Environmental Inc.'s (TSE:GFL) Share Price Indicate?

Feb 18
What Does GFL Environmental Inc.'s (TSE:GFL) Share Price Indicate?

Estimating The Intrinsic Value Of GFL Environmental Inc. (TSE:GFL)

Jan 12
Estimating The Intrinsic Value Of GFL Environmental Inc. (TSE:GFL)

GFL Environmental Inc. (TSE:GFL) Investors Are Less Pessimistic Than Expected

Dec 21
GFL Environmental Inc. (TSE:GFL) Investors Are Less Pessimistic Than Expected
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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.

Revenue & Expenses Breakdown

How GFL Environmental makes and spends money. Based on latest reported earnings, on an LTM basis.


Earnings and Revenue History

TSX:GFL Revenue, expenses and earnings (CAD Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
30 Sep 258,224861,0370
30 Jun 258,08441,0330
31 Mar 257,990-8131,0310
31 Dec 247,862-8039760
30 Sep 246,450-8248900
30 Jun 246,786-8469100
31 Mar 247,148-209240
31 Dec 237,516-478960
30 Sep 237,454-1308030
30 Jun 237,395-3337650
31 Mar 237,159-5437270
31 Dec 226,761-1846750
30 Sep 226,380-1206320
30 Jun 225,930-2465860
31 Mar 225,438-2665350
31 Dec 215,137-6814990
30 Sep 214,933-1,1934790
30 Jun 214,587-9784390
31 Mar 214,365-1,1354190
31 Dec 204,196-1,1164480
30 Sep 203,857-6894400
30 Jun 203,719-6844260
31 Mar 203,557-6364010
31 Dec 193,347-4523310
30 Sep 193,068-4502770
30 Jun 192,621-3922450
31 Mar 192,242-5202350
31 Dec 181,853-4831980
31 Dec 171,333-1011360
31 Dec 16934-1521050

Quality Earnings: GFL has a large one-off gain of CA$104.4M impacting its last 12 months of financial results to 30th September, 2025.

Growing Profit Margin: GFL became profitable in the past.


Free Cash Flow vs Earnings Analysis


Past Earnings Growth Analysis

Earnings Trend: GFL has become profitable over the past 5 years, growing earnings by 24.1% per year.

Accelerating Growth: GFL has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: GFL has become profitable in the last year, making it difficult to compare its past year earnings growth to the Commercial Services industry (18.3%).


Return on Equity

High ROE: GFL's Return on Equity (1.5%) is considered low.


Return on Assets


Return on Capital Employed


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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/11/28 06:28
End of Day Share Price 2025/11/28 00:00
Earnings2025/09/30
Annual Earnings2024/12/31

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

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

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 32 analysts. 20 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 Capital Markets
William GrippinBarclays
Moses SuttonBarclays