Clean Harbors, Inc., together with its subsidiaries, is a leading provider of environmental and industrial services throughout North America. Everywhere industry meets the environment, we strive to provide sustainable services and products that minimize environmental impact, maximize environmental benefit through reuse and recycling and support our customers’ business needs. We are also the largest provider of parts cleaning and related environmental services to general manufacturing, automotive and commercial customers in North America and the largest re-refiner and recycler of used oil in North America. One of our primary goals is supporting our customers in providing innovative and environmentally responsible solutions to further their sustainability goals and solve complex environmental challenges. We have two operating segments through which we conduct our operations: (i) the Environmental Services segment and (ii) the Safety-Kleen Sustainability Solutions segment.
| Segment | 2021 | 2022 | 2023 | 2024 | 2025 | % of Total |
|---|---|---|---|---|---|---|
Service revenues | $3.05B | $4.13B | $4.45B | $4.93B | $5.15B | 37% |
Technical Services | $1.21B | $1.50B | $1.56B | $1.73B | $1.86B | 13% |
Operating Segments | — | $1.50B | $1.56B | $1.73B | $1.86B | 13% |
Industrial Services and Other | $706M | $1.31B | $1.42B | $1.38B | $1.33B | 10% |
Safety-Kleen Environmental Services | $805M | $963M | $1.10B | $1.18B | $1.31B | 9% |
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 6.0B | 6.0B | 5.9B | 5.4B | 5.2B | 3.8B |
| Net Income | 391M | 391M | 402M | 378M | 412M | 203M |
| EPS | $7.28 | $7.28 | $7.42 | $6.95 | $7.56 | $3.71 |
| Free Cash Flow | 442M | 442M | 346M | 312M | 281M | 304M |
| ROIC | 10.1% | 10.6% | 11.1% | 10.8% | 12.1% | 8.0% |
| Gross Margin | 31.3% | 31.3% | 31.0% | 30.7% | 31.4% | 31.4% |
| Debt/Equity | 1.11 | 1.11 | 1.18 | 1.23 | 1.50 | 1.96 |
| Dividends/Share | $0.00 | - | - | - | - | - |
| Operating Income | 673M | 673M | 670M | 612M | 635M | 348M |
| Operating Margin | 11.2% | 11.2% | 11.4% | 11.3% | 12.3% | 9.1% |
| ROE | 14.2% | 14.7% | 16.7% | 18.1% | 24.0% | 14.2% |
| Shares Outstanding | 54M | 54M | 54M | 54M | 54M | 55M |
CLEAN HARBORS INC passes 5 of 9 quality checks, suggesting mixed fundamentals.
CLEAN HARBORS INC trades at 41.7x trailing earnings, compared to its 15-year median P/E of 30.9x, suggesting it is currently Expensive relative to its historical range. On a free-cash-flow basis, the stock trades at 36.4x vs a median of 25.2x. The company's 5-year average ROIC is 10.5% with a gross margin of 31.2%. Total shareholder yield (buybacks) is 1.5%. At current prices, the estimated annualized return to fair value is +12.4%.
CLEAN HARBORS INC (CLH) has a current P/E ratio of 41.7, compared to its historical median P/E of 30.9. The stock is currently considered Expensive based on its historical valuation range.
CLEAN HARBORS INC (CLH) has a 5-year average return on invested capital (ROIC) of 10.5%. This indicates solid capital allocation.
CLEAN HARBORS INC (CLH) has a market capitalization of $16.3B. It is classified as a large-cap stock.
CLEAN HARBORS INC (CLH) does not currently pay a regular dividend. However, the company returns capital to shareholders through share buybacks, with a buyback yield of 1.53%.
Based on historical P/E analysis, CLEAN HARBORS INC (CLH) appears expensive. The current P/E of 41.7 is 35% above its historical median of 30.9. The estimated fair value CAGR (P/E method) is 33.5%.
CLEAN HARBORS INC (CLH) operates in the Hazardous Waste Management industry, within the Utilities sector.
CLEAN HARBORS INC (CLH) reported annual revenue of $6.0 billion in its most recent fiscal year, based on SEC EDGAR filings.
CLEAN HARBORS INC (CLH) has a net profit margin of 6.5%. This is a modest margin.
CLEAN HARBORS INC (CLH) generated $442 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
CLEAN HARBORS INC (CLH) has a debt-to-equity ratio of 1.11. This indicates moderate leverage.
CLEAN HARBORS INC (CLH) reported earnings per share (EPS) of $7.28 in its most recent fiscal year.
CLEAN HARBORS INC (CLH) has a return on equity (ROE) of 14.7%. This indicates moderate shareholder returns.
CLEAN HARBORS INC (CLH) has a 5-year average gross margin of 31.2%. This indicates decent pricing power.
The Ledger Terminal provides 16 years of financial data for CLEAN HARBORS INC (CLH), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
CLEAN HARBORS INC (CLH) has a book value per share of $51.12, based on its most recent annual SEC filing.