Logo

CLH

Clean Harbors, Inc.

CLH

Clean Harbors, Inc. • NYSE
$227.56 ▲ 0.21% (+0.48)
Market Cap $12.22 B
52w High $260.66
52w Low $178.29
Dividend Yield 0%
P/E 31.65
Volume 253.51K
Outstanding Shares 53.69M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $1.549B ▼ $307.838M ▲ $118.799M ▼ 7.668% ▼ $2.22 ▼ $311.255M ▼
Q2-2025 $1.55B ▲ $306.059M ▲ $126.905M ▲ 8.188% ▲ $2.37 ▲ $331.066M ▲
Q1-2025 $1.432B ▲ $298.447M ▲ $58.68M ▼ 4.098% ▼ $1.09 ▼ $228.295M ▼
Q4-2024 $1.431B ▼ $290.646M ▲ $83.974M ▼ 5.868% ▼ $1.56 ▼ $249.044M ▼
Q3-2024 $1.529B $281.527M $115.213M 7.533% $2.14 $296.627M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $850.373M ▲ $7.54B ▲ $4.764B ▲ $2.776B ▲
Q2-2025 $699.074M ▲ $7.44B ▲ $4.726B ▲ $2.714B ▲
Q1-2025 $595.312M ▼ $7.246B ▼ $4.675B ▼ $2.571B ▼
Q4-2024 $789.826M ▲ $7.377B ▲ $4.804B ▲ $2.574B ▲
Q3-2024 $594.742M $7.306B $4.778B $2.528B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $118.799M ▼ $301.987M ▲ $-75.845M ▲ $-65.359M ▼ $159.011M ▲ $207.542M ▲
Q2-2025 $126.905M ▲ $208.04M ▲ $-80.412M ▲ $-21.91M ▲ $110.769M ▲ $118.011M ▲
Q1-2025 $58.68M ▼ $1.605M ▼ $-120.33M ▼ $-79.259M ▼ $-197.775M ▼ $-117.09M ▼
Q4-2024 $83.974M ▼ $303.938M ▲ $-90.734M ▼ $-31.523M ▲ $174.821M ▲ $234.461M ▲
Q3-2024 $115.213M $239.239M $-82.27M $-46.948M $110.379M $141.759M

Revenue by Products

Product Q4-2024Q1-2025Q2-2025Q3-2025
Field and Emergency Response
Field and Emergency Response
 $220.00M ▲$220.00M ▲$240.00M ▲$230.00M ▼
Industrial Services
Industrial Services
 $0 ▲$0 ▲$0 ▲$330.00M ▲
SafetlyKleen Environmental Services
SafetlyKleen Environmental Services
 $300.00M ▲$310.00M ▲$330.00M ▲$340.00M ▲
SafetyKleen Oil
SafetyKleen Oil
 $160.00M ▲$160.00M ▲$150.00M ▼$150.00M ▲
Technical Services
Technical Services
 $450.00M ▲$430.00M ▼$460.00M ▲$490.00M ▲
Industrial Services And Other
Industrial Services And Other
 $310.00M ▲$320.00M ▲$360.00M ▲$0 ▼

Five-Year Company Overview

Income Statement

Income Statement Clean Harbors shows a clear pattern of steady growth. Revenue has moved up consistently over the past five years, and profits have risen along with it. Margins look healthy for a capital‑intensive, regulated business, suggesting good pricing power and cost control. Earnings did wobble a bit in the middle of the period but remain strong overall, indicating resilience through different industry conditions rather than a one‑off windfall year.

Balance Sheet

Balance Sheet The balance sheet reflects a business that has been expanding its asset base and using a meaningful amount of debt to do so. Total assets and shareholders’ equity have both grown nicely, which points to value being built over time, not just more borrowing. Debt levels have increased and now represent a significant part of the capital structure, which adds financial risk but also signals deliberate use of leverage to support growth in facilities, equipment, and acquisitions. Cash on hand has improved recently, providing more flexibility, but this is still a business that relies on ongoing access to capital markets and lenders.

Cash Flow

Cash Flow Cash generation looks solid and improving. Operating cash flow has grown in line with earnings, which suggests that reported profits are well supported by real cash. Free cash flow has remained positive every year despite rising investment in equipment and facilities. Management appears to be striking a balance between reinvesting heavily to expand capacity and maintaining a cushion of excess cash after these investments. The underlying picture is of a company that can fund growth internally while still having room to manage downturns or unexpected events.

Competitive Edge

Competitive Edge Clean Harbors sits in a strong position within hazardous waste and industrial services. Its nationwide network of permitted incinerators, landfills, and treatment facilities is very hard and slow to replicate because of regulatory hurdles, specialized know‑how, and heavy capital needs. The company’s full‑service model—from collection and transportation through final disposal—tends to lock in customers and create long‑term relationships. Its safety record, brand, and relationships with large corporations and government entities further reinforce its standing. At the same time, the business remains exposed to industrial activity levels, regulatory changes, and public scrutiny around environmental practices.

Innovation and R&D

Innovation and R&D Innovation at Clean Harbors is focused less on lab R&D and more on applied technology and process improvement. Robotics and remote‑operated tools reduce worker exposure to hazardous environments and differentiate its service quality. The internal data system for tracking and optimizing waste flows enhances efficiency and compliance, which matters in a highly regulated industry. Work on complex and emerging waste streams like PFAS and lithium‑ion batteries positions the company for new demand as regulations tighten. Its used‑oil re‑refining and circular economy initiatives give it a sustainability angle that may deepen customer relationships and open new product and pricing opportunities over time.

Summary

Overall, Clean Harbors appears to be a steadily growing, capital‑intensive environmental services business with a durable competitive position. Revenues and profits have trended upward, backed by solid cash generation. The company has leaned on debt to build out its network and capabilities, which boosts growth potential but increases financial sensitivity if conditions worsen. Its moat rests on regulatory barriers, specialized infrastructure, safety and compliance track record, and a broad service offering. Continued innovation in robotics, data, and complex waste handling, along with circular economy initiatives, gives it avenues for future growth. Key uncertainties center on regulatory shifts, industrial demand cycles, environmental liabilities, and how effectively the company manages its leverage through different economic environments.

NEWS

November 20, 2025 · 8:30 AM UTC

Clean Harbors to Participate in Goldman Sachs Industrials and Materials Conference

Read more

October 29, 2025 · 7:30 AM UTC

Clean Harbors Announces Third-Quarter 2025 Financial Results

Read more

October 15, 2025 · 8:30 AM UTC

Clean Harbors to Announce Third-Quarter 2025 Financial Results on October 29

Read more

September 25, 2025 · 7:15 PM UTC

Clean Harbors Prices Offering of Senior Notes Due 2033

Read more

September 25, 2025 · 8:30 AM UTC

Clean Harbors Announces $845 Million Senior Notes Offering

Read more