GFL Environmental Inc.

NYSE:GFL Stock Report

Market Cap: US$14.5b

GFL Environmental Management

Management criteria checks 3/4

We currently do not have sufficient information about the CEO.

Key information

Patrick Dovigi

Chief executive officer

CA$230.7m

Total compensation

CEO salary percentage1.07%
CEO tenure19.5yrs
CEO ownership3.4%
Management average tenure7.8yrs
Board average tenure8.1yrs

Recent management updates

Recent updates

Seeking Alpha • May 13

GFL Environmental: Valuation Has Turned Cheap While Fundamentals Remain Strong

Summary I upgrade GFL Environmental to buy, driven by robust pricing power and margin expansion, independent of macro recovery. GFL posted Q1 2026 organic revenue growth of 4.6%, with pricing up 7% and consolidated adj. EBITDA margin expanded 180 bps to 29.1%. SECURE Waste Infrastructure acquisition offers potential upside to FY2026 guidance, with identified CAD25–75 million in synergies and strong volume visibility. GFL trades at 11.5x NTM EBITDA, a discount to peers, while sustaining low-to-mid-teens adj. EBITDA growth and offering attractive risk-reward. Read the full article on Seeking Alpha
Seeking Alpha • Nov 15

GFL Environmental: EBITDA Growth Should Accelerate From Here

Summary I recommend a buy rating for GFL Environmental due to expected accelerated EBITDA growth and positive valuation revisions as leverage decreases. The sale of the Environmental Services business is a positive catalyst, expected to provide CAD6 billion post-tax, aiding in debt reduction and share buybacks. Risks include potential headwinds from commodity cost fluctuations, but overall, GFL's EBITDA growth and deleveraging efforts should align its valuation with peers. Read the full article on Seeking Alpha
Seeking Alpha • Aug 15

GFL Environmental: Buyout Premium Fully Priced In

Summary GFL is evaluating two significant buyout offers; one for the entire company, and another only for their environmental services segment. GFL Environmental is navigating increased labor and CapEx costs. However, I believe management's decision to shed low-margin contracts is the right move. The share price jumped by 30% following reports of the buyout scenarios. I believe the current share price is likely factoring in the potential buyout premium, therefore my Hold rating. Read the full article on Seeking Alpha
Seeking Alpha • Mar 07

GFL Environmental: Multiple Drivers That Could Lead To FY24 EBITDA Guidance Beat

Summary GFL Environmental's stock price remains pressured despite a strong earnings report, providing an opportunity for investors to buy. The company is expected to easily beat its FY24 EBITDA guidance due to various factors, including improved repair and maintenance, higher commodity prices, and upcoming projects. GFL's ability to generate cash and deleverage its balance sheet is not fully appreciated by the market, presenting valuation upside potential. Read the full article on Seeking Alpha
Seeking Alpha • Feb 27

GFL Environmental: Poised For Improvement Amid Strong M&A Activity And Expanding Margins

Summary GFL Environmental is a Canadian waste management company positioned to take advantage of industry consolidation and establish local monopolies. The market is underestimating GFL's potential due to high leverage and lack of free cash flow, but the next few years will be pivotal for the company. While the debt balance is high relative to industry peers, it is manageable and should become less of an issue as management de-risks the company and underlying fundamentals improve. Read the full article on Seeking Alpha

CEO Compensation Analysis

How has Patrick Dovigi's remuneration changed compared to GFL Environmental's earnings?
DateTotal CompensationSalaryCompany Earnings
Mar 31 2026n/an/a

CA$211m

Dec 31 2025CA$231mCA$2m

CA$211m

Sep 30 2025n/an/a

-CA$74m

Jun 30 2025n/an/a

-CA$156m

Mar 31 2025n/an/a

-CA$973m

Dec 31 2024CA$67mCA$2m

-CA$963m

Sep 30 2024n/an/a

-CA$824m

Jun 30 2024n/an/a

-CA$846m

Mar 31 2024n/an/a

-CA$20m

Dec 31 2023CA$68mCA$2m

-CA$47m

Sep 30 2023n/an/a

-CA$130m

Jun 30 2023n/an/a

-CA$333m

Mar 31 2023n/an/a

-CA$543m

Dec 31 2022CA$17mCA$2m

-CA$184m

Sep 30 2022n/an/a

-CA$120m

Jun 30 2022n/an/a

-CA$246m

Mar 31 2022n/an/a

-CA$266m

Dec 31 2021CA$43mCA$2m

-CA$681m

Sep 30 2021n/an/a

-CA$1b

Jun 30 2021n/an/a

-CA$978m

Mar 31 2021n/an/a

-CA$1b

Dec 31 2020CA$37mCA$2m

-CA$1b

Sep 30 2020n/an/a

-CA$689m

Jun 30 2020n/an/a

-CA$684m

Mar 31 2020n/an/a

-CA$636m

Dec 31 2019CA$1mCA$924k

-CA$452m

Compensation vs Market: Patrick's total compensation ($USD162.42M) is above average for companies of similar size in the US market ($USD14.46M).

Compensation vs Earnings: Patrick's compensation has been consistent with company performance over the past year.

CEO

Patrick Dovigi (46 yo)

19.5yrs
Tenure
CA$230,735,743
Compensation

Mr. Patrick Dovigi is Executive Chair at Green Infrastructure Partners Inc. He founded GFL Environmental Inc. and serves as its Chief Executive Officer, President and Chairman. He serves as President, Chie...

Leadership Team

NamePositionTenureCompensationOwnership
Patrick Dovigi
Founderno dataCA$230.74m3.4%
$ 494.3m
Luke Pelosi
Executive VP & CFO7.8yrsCA$25.65m0.093%
$ 13.5m
Billy Soffera
Executive VP & COO1.5yrsCA$15.40mno data
Mindy Gilbert
Executive VP & Chief Legal Officer7.8yrsCA$13.94m0.027%
$ 4.0m
Elizabeth Grahek
Executive Vice President of Strategic Initiatives7.8yrsCA$13.28m0.020%
$ 2.9m
Craig Orenstein
Vice-President of Corporate Development8.1yrsno datano data
Richard Early
Vice-President of Human Resources10.8yrsno datano data
Julie Boudreau
Vice-President of Treasury12.3yrsno datano data
7.8yrs
Average Tenure
53yo
Average Age

Experienced Management: GFL's management team is seasoned and experienced (7.8 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
Patrick Dovigi
Founder19.5yrsCA$230.74m3.4%
$ 494.3m
Dino Chiesa
Lead Independent Director19.5yrsCA$496.20k0.0052%
$ 760.6k
Arun Nayar
Independent Director8.5yrsCA$454.27k0.016%
$ 2.3m
Sandra Levy
Independent Director3.3yrsCA$405.34kno data
Violet Konkle
Independent Director5.4yrsCA$405.34kno data
Lonnie Poole
Independent Director7.7yrsCA$384.38k2.6%
$ 378.3m
Paolo Notarnicola
Independent Director8.5yrsno datano data
Jessica McDonald
Independent Director4.4yrsCA$405.34kno data
8.1yrs
Average Tenure
62yo
Average Age

Experienced Board: GFL's board of directors are considered experienced (8.1 years average tenure).

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/07/06 06:36
End of Day Share Price 2026/07/06 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 25 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
William GrippinBarclays