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GFL Environmental Inc. (GFL.TO)

CAD54.79 -0.68 (-1.23%)
CA TSX Industrials Waste Management
Address 100 New Park Place L4K 0H9
Vaughan, ON, CA
CEO Patrick Dovigi
Website gflenv.com
IPO 2020-03-03
ISIN CA36168Q1046

Explore sections of this company profile

Also trades on New York Stock Exchange · GFL (USD) New York Stock Exchange · GFLU (USD) Toronto Stock Exchange · GFL.TO (CAD)
Description

GFL Environmental Inc. is a multifaceted environmental solutions provider operating across Canada and the United States. The company offers a diverse range of services, primarily focused on non-hazardous solid waste management, infrastructure and soil remediation, and liquid waste handling. Its solid waste division provides end-to-end services, encompassing the collection, hauling, transfer, recycling, and ultimate disposal of non-hazardous solid waste for municipal, residential, commercial, and industrial clients. The infrastructure and soil remediation segment specializes in restoring contaminated land, supported by complementary civil engineering, demolition, excavation, and shoring services. Additionally, GFL's liquid waste operations cover the gathering, administration, transport, processing, and environmentally sound disposal of various industrial and commercial liquid wastes, as well as the merchandising of related byproducts. The company was founded in 2007 and maintains its headquarters in Vaughan, Canada.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
CAD54.79 -0.68 (-1.23%)
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Volume Profile
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Liquidity & share structure
Average Volume
732.5K
Beta
0.50
Float Shares
273.69M
Free Float %
79.1%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
-0.34% +1.17% -15.90% -10.88% -18.15% -14.96% -26.34% -1.78% +34.57% +123.84% +123.84%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Analyst Consensus (18 ratings, all time) Buy
Price Targets & DCF
Current price
54.79
DCF (Unlevered) 65.01 +18.7%
DCF (Levered) 17.08 -68.8%

DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.

Ratings Trend (MoM) 75% Bullish
Rating 2026-05 Change
Strong Buy 5 -1
Buy 10 0
Hold 3 -1
Sell 0 0
Strong Sell 2 0
Quality scores
Altman Z-Score
1.28
Distress
Piotroski F-Score
7 / 9
Strong
MOAT Score
1 / 10
No MOAT
Composite Rating
C+
Overall Score
2 / 5
Medium
DCF Score
3 / 5
Medium
ROE Score
2 / 5
Medium
ROA Score
3 / 5
Medium
D/E Score
1 / 5
Low
P/E Score
1 / 5
Low
P/Book Score
2 / 5
Medium
Operational MOAT
✗ Below peers
  • Revenue growth Waste Management: +4.3%
    -15.9% Q1'26: +5.4% (vs Q1'25)
  • EPS growth Waste Management: +10.8%
    +579.6% Q1'26: +87.9% (vs Q1'25)
  • FCF margin FCF growth · Waste Management: +46.5%
    -1.0% Q1'26: -13.9% (vs Q1'25)
  • EBIT margin Waste Management: +13.2%
    +6.0% Q1'26: +2.1% (vs Q1'25)
  • ROIC Waste Management: +6.2%
    +2.5% Q1'26: +0.7% (vs Q1'25)
  • Share dilution Waste Management: +0.0%
    -0.6% Q1'26: -8.4% (vs Q1'25)
  • Debt / EBITDA Net debt/EBITDA · Waste Management: 1.12×
    4.89× Q1'26: 6.50× (vs Q1'25)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (0.51) × ERP
WACC = 69% × Ke + 31% × Kd (7.1%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Intrinsic value (base): 65.01 Current price: 54.79
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Dec 2019
actual
Dec 2020
actual
Dec 2021
actual
Dec 2022
actual
Dec 2023
actual
Dec 2024
actual
Dec 2025
actual
Dec 2026
17 Rev. Ana.
10 EPS Ana.
Dec 2027
17 Rev. Ana.
10 EPS Ana.
Dec 2028
7 Rev. Ana.
2 EPS Ana.
Dec 2029
3 Rev. Ana.
1 EPS Ana.
Dec 2030
6 Rev. Ana.
1 EPS Ana.
Revenue
3.35B
est: 3.30B (+1.4%)
4.20B
est: 4.17B (+0.5%)
5.14B
est: 5.42B (-5.2%)
6.76B
est: 6.69B (+1.1%)
7.52B
est: 7.63B (-1.6%)
7.86B
est: 7.86B (+0.1%)
6.62B
est: 6.60B (+0.3%)
7.33B
7.30B – 7.43B
+11.2% YoY
7.91B
7.74B – 8.48B
+7.9% YoY
8.35B
8.33B – 8.37B
+5.5% YoY
9.30B
9.18B – 9.71B
+11.4% YoY
9.90B
9.77B – 10.33B
+6.4% YoY
EBITDA
722.46M
est: 654.54M (+10.4%)
303.80M
est: 827.44M (-63.3%)
1.09B
est: 1.07B (+1.4%)
1.63B
est: 1.33B (+23.3%)
2.33B
est: 1.80B (+29.4%)
1.22B
est: 1.85B (-34.0%)
1.72B
est: 1.55B (+10.4%)
1.73B
1.72B – 1.75B
+11.2% YoY
1.86B
1.83B – 2.00B
+7.9% YoY
1.97B
1.96B – 1.97B
+5.5% YoY
2.19B
2.16B – 2.29B
+11.4% YoY
2.33B
2.30B – 2.43B
+6.4% YoY
EBIT
-77.00M
est: -130.83M (+41.1%)
-933.80M
est: -165.39M (-464.6%)
-303.70M
est: -214.81M (-41.4%)
109.30M
est: -265.10M (+141.2%)
837.80M
est: 129.55M (+546.7%)
-346.80M
est: 133.31M (-360.1%)
399.90M
est: 111.95M (+257.2%)
124.45M
123.90M – 126.05M
+11.2% YoY
134.29M
131.43M – 143.96M
+7.9% YoY
141.67M
141.35M – 141.99M
+5.5% YoY
157.87M
155.79M – 164.75M
+11.4% YoY
167.99M
165.77M – 175.31M
+6.4% YoY
Net Income
-451.65M
est: -430.35M (-4.9%)
-1.10B
est: 61.89M (-1,881.3%)
-606.80M
est: 186.35M (-425.6%)
-311.80M
est: 219.60M (-242.0%)
45.40M
est: -740.02M (+106.1%)
-722.70M
est: 315.97M (-328.7%)
3.83B
est: 227.27M (+1,587.0%)
303.86M
167.27M – 440.45M
+33.7% YoY
154.88M
128.24M – 593.11M
-49.0% YoY
596.57M
393.74M – 799.41M
+285.2% YoY
768.74M
755.56M – 812.28M
+28.9% YoY
859.62M
844.89M – 908.31M
+11.8% YoY
SGA
396.50M
est: 342.22M (+15.9%)
363.40M
est: 432.62M (-16.0%)
498.50M
est: 561.92M (-11.3%)
675.40M
est: 693.46M (-2.6%)
866.00M
est: 882.35M (-1.9%)
939.50M
est: 907.93M (+3.5%)
967.40M
est: 762.45M (+26.9%)
847.60M
843.85M – 858.51M
+11.2% YoY
914.63M
895.13M – 980.46M
+7.9% YoY
964.86M
962.67M – 967.05M
+5.5% YoY
1.08B
1.06B – 1.12B
+11.4% YoY
1.14B
1.13B – 1.19B
+6.4% YoY
EPS
-2.50
est: -1.13 (-121.2%)
-2.80
est: 0.16 (-1,823.1%)
-1.83
est: 0.49 (-474.0%)
-0.85
est: 0.58 (-247.3%)
0.13
est: -1.92 (+106.8%)
-2.11
est: 0.82 (-357.9%)
10.37
est: 0.59 (+1,662.0%)
0.75
0.44 – 1.16
+27.8% YoY
1.04
0.34 – 1.57
+38.5% YoY
1.58
1.04 – 2.11
+51.2% YoY
2.03
2.00 – 2.14
+28.9% YoY
2.27
2.23 – 2.40
+11.8% YoY
Recent Grade Changes (3M)
Date Firm Previous New Grade Action
2026-05-04 Scotiabank Sector Outperform Sector Outperform Maintain
2026-04-15 Citigroup Buy Buy Maintain
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-11 C+ 2/5 3/5 2/5 3/5 1/5 1/5 2/5
2026-05-08 C+ 2/5 3/5 2/5 3/5 1/5 1/5 2/5
2026-05-07 C+ 2/5 3/5 2/5 3/5 1/5 1/5 2/5
2026-05-06 C+ 2/5 3/5 2/5 3/5 1/5 1/5 2/5
2026-05-05 C+ 2/5 3/5 2/5 3/5 1/5 1/5 3/5
2026-05-04 C+ 2/5 3/5 2/5 3/5 1/5 1/5 3/5
2026-05-01 C+ 2/5 3/5 2/5 3/5 1/5 1/5 3/5
2026-04-30 C 2/5 3/5 1/5 1/5 1/5 1/5 3/5
2026-04-29 C- 1/5 3/5 1/5 1/5 1/5 1/5 2/5
2026-04-28 C- 1/5 3/5 1/5 1/5 1/5 1/5 2/5
2026-04-27 C- 1/5 3/5 1/5 1/5 1/5 1/5 2/5
2026-04-24 C- 1/5 3/5 1/5 1/5 1/5 1/5 2/5
2026-04-23 C- 1/5 3/5 1/5 1/5 1/5 1/5 2/5
2026-04-22 C- 1/5 3/5 1/5 1/5 1/5 1/5 2/5
2026-04-21 C- 1/5 3/5 1/5 1/5 1/5 1/5 2/5
2026-04-20 C- 1/5 3/5 1/5 1/5 1/5 1/5 2/5
2026-04-17 C- 1/5 3/5 1/5 1/5 1/5 1/5 2/5
2026-04-16 C- 1/5 3/5 1/5 1/5 1/5 1/5 2/5
2026-04-15 C- 1/5 3/5 1/5 1/5 1/5 1/5 2/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
-366.38M
OE per share TTM
-1.01
Owner's Yield
-2.04%
Maintenance CapEx ratio
Maint CapEx / Avg PPE
103.0%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
Total invested
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
26.7K
Shares Outstanding
346.11M

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
Patrick Dovigi Founder, Chairman, President & Chief Executive Officer 121M male
Luke Pelosi Executive Vice President & Chief Financial Officer 12M male
Mindy Gilbert Executive Vice President & Chief Legal Officer 7M female
Elizabeth Joy Grahek Executive Vice President of Strategic Initiatives 7M female
Billy Soffera Executive VP & COO 3M male
Julie Boudreau Vice-President of Treasury female
Craig Orenstein Vice-President of Corporate Development male
Richard R. Early Vice-President of Human Resources male
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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Dividend yield history

Dividend history

Earnings history

Earnings reports

Stock splits