GFL Environmental (NYSE:GFL) Announces Quarterly Earnings Results

GFL Environmental (NYSE:GFL) announced its quarterly earnings results on Wednesday. The company reported $0.26 EPS for the quarter, beating analysts’ consensus estimates of $0.14 by $0.12, Zacks reports. The firm had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.67 billion. GFL Environmental had a net margin of 56.61% and a return on equity of 3.60%. The firm’s revenue for the quarter was up 7.3% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.58) EPS.

Here are the key takeaways from GFL Environmental’s conference call:

• Record profitability: GFL reported a historic 30% Adjusted EBITDA margin in 2025 (a 130 bps improvement year-over-year), driven by pricing, operational efficiencies, and cost intensity reductions.
• Strong pricing and volume momentum: Pricing outperformed plans (6.4% in Q4, 6.1% for the year) and volumes finished +50 bps in 2025, with management expecting mid-5% pricing for 2026 and continued pricing visibility into Q1 (mid-6s).
• Proactive capital allocation and deleveraging: Management used divestiture proceeds to materially delever, completed ~$3.0B of share buybacks (including an incremental $750M), did nearly $1B of M&A in 2025, and exited the year at the lowest net leverage in company history (3.4x; 3.1x excluding incremental buybacks), while committing to exit 2026 in the low- to mid-3s.
• 2026 financial guide: Company expects ~CAD 7.0B revenue (≈+8%), Adjusted EBITDA ≈CAD 2.14B (+10%), and Adjusted Free Cash Flow ≈CAD 835M (+14%), with margins modestly expanding to ~30.6% on management’s baseline assumptions.
• Commodity, FX and tax headwinds: Lower commodity prices (Q4 commodities -33% YoY; ~20% below 2025 average) and FX translate to an expected ~50 bps revenue headwind for 2026 and some drag on EBITDA/FCF, plus higher cash taxes due to R&G ITC timing shifts.

GFL Environmental Stock Up 5.0%

Shares of GFL stock traded up $2.06 during trading hours on Friday, reaching $43.39. 717,168 shares of the company’s stock were exchanged, compared to its average volume of 1,635,988. The stock’s 50 day moving average is $43.24 and its 200-day moving average is $45.61. The company has a current ratio of 0.69, a quick ratio of 0.69 and a debt-to-equity ratio of 0.98. GFL Environmental has a fifty-two week low of $40.83 and a fifty-two week high of $52.00. The company has a market cap of $15.58 billion, a price-to-earnings ratio of 6.37 and a beta of 0.88.

GFL Environmental Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 30th. Investors of record on Tuesday, January 13th were given a dividend of $0.0154 per share. The ex-dividend date of this dividend was Tuesday, January 13th. This represents a $0.06 dividend on an annualized basis and a yield of 0.1%. GFL Environmental’s dividend payout ratio is presently 0.94%.

Analysts Set New Price Targets

A number of research analysts have weighed in on GFL shares. Wells Fargo & Company began coverage on shares of GFL Environmental in a research report on Thursday, November 13th. They set an “overweight” rating on the stock. Scotiabank decreased their target price on GFL Environmental from $57.00 to $56.00 and set a “sector outperform” rating for the company in a research report on Thursday. JPMorgan Chase & Co. lifted their price objective on shares of GFL Environmental from $46.75 to $48.00 and gave the company a “neutral” rating in a report on Wednesday, January 14th. The Goldman Sachs Group started coverage on shares of GFL Environmental in a research note on Monday, November 24th. They set a “neutral” rating and a $50.00 price target for the company. Finally, Weiss Ratings downgraded GFL Environmental from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, GFL Environmental currently has an average rating of “Moderate Buy” and an average price target of $56.67.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. Sunbelt Securities Inc. purchased a new stake in shares of GFL Environmental in the 3rd quarter valued at $33,000. EverSource Wealth Advisors LLC raised its position in GFL Environmental by 43.1% during the second quarter. EverSource Wealth Advisors LLC now owns 727 shares of the company’s stock valued at $37,000 after acquiring an additional 219 shares in the last quarter. Caitong International Asset Management Co. Ltd boosted its position in GFL Environmental by 45.2% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 976 shares of the company’s stock worth $46,000 after purchasing an additional 304 shares in the last quarter. Danske Bank A S acquired a new stake in shares of GFL Environmental during the 3rd quarter worth approximately $82,000. Finally, Jones Financial Companies Lllp lifted its stake in shares of GFL Environmental by 684.5% in the 1st quarter. Jones Financial Companies Lllp now owns 2,573 shares of the company’s stock valued at $124,000 after purchasing an additional 2,245 shares during the period. 64.70% of the stock is currently owned by hedge funds and other institutional investors.

GFL Environmental Company Profile

GFL Environmental Inc is a leading North American provider of diversified environmental services, offering comprehensive solutions across solid waste management, liquid waste management, soil remediation and infrastructure services. The company’s core business activities include residential, commercial and industrial waste collection, recycling, composting and landfill management. In addition to traditional waste services, GFL provides specialized liquid waste hauling, treatment and disposal services as well as environmental consulting to support industrial and municipal clients in meeting regulatory and sustainability goals.

Founded in 2007 by entrepreneur Patrick Dovigi, GFL Environmental has pursued an aggressive growth strategy driven by strategic acquisitions and organic expansion.