GFL Environmental Inc. Subordinate voting shares no par value (GFL) reported C$6.62B of revenue for fiscal 2025 (ended Dec 31, 2025). That is up 7.8% from the year before.

Yes. GFL Environmental Inc. Subordinate voting shares no par value earned C$3.83B in net income for fiscal 2025 (ended Dec 31, 2025), a net margin of 58.0%.

How much cash and debt does GFL have?

GFL Environmental Inc. Subordinate voting shares no par value reported C$85.60M in cash and cash equivalents and C$7.42B of debt on its most recent balance sheet in SEC filings.

How fast is GFL revenue growing?

GFL Environmental Inc. Subordinate voting shares no par value's revenue changed +7.8% in fiscal 2025, to C$6.62B. Its compound annual growth rate was +9.5% over 5 years.

What is GFL gross margin?

GFL Environmental Inc. Subordinate voting shares no par value's gross profit was C$1.37B on C$6.62B of revenue for fiscal 2025 (ended Dec 31, 2025), a gross margin of 20.7%.

What is GFL free cash flow?

GFL Environmental Inc. Subordinate voting shares no par value generated C$174.60M of free cash flow for fiscal 2025 (ended Dec 31, 2025), which is operating cash flow of C$1.32B less capital expenditures.

What is GFL earnings per share?

Diluted earnings per share were C$9.99 for fiscal 2025 (ended Dec 31, 2025), from SEC filings, restated for any stock split those filings show.

When did GFL last report financial results?

The latest statements here come from GFL Environmental Inc. Subordinate voting shares no par value's 40-F filed on Feb 18, 2026, covering the period ended Dec 31, 2025.

Financials · GFL

GFL Environmental Inc. Subordinate voting shares no par value (GFL) financials

For fiscal 2025 (ended Dec 31, 2025), GFL Environmental Inc. Subordinate voting shares no par value reported C$6.62B of revenue and C$3.83B of net income. Figures are in CAD, the currency of its SEC filings.

Revenue, FY2025: C$6.62B
Revenue growth, YoY: +7.8%
Net income, FY2025: C$3.83B
Net margin: 58.0%
Free cash flow, FY2025: C$174.60M
EPS, diluted, FY2025: C$9.99
Cash: C$85.60M
Total debt: C$7.42B

Annual revenueC$6.62B

FY2019FY2025

Annual net incomeC$3.83B

FY2019FY2025

Annual free cash flowC$174.60M

FY2019FY2025

GFL revenue and earnings growth

GFL revenueFY2025C$6.62B

FY YoY: +7.8%
5Y CAGR: +9.5%

GFL revenue was C$6.62B for fiscal 2025 (ended Dec 31, 2025), up 7.8% from fiscal 2024. Compound annual growth was +9.5% over 5 years. It rose in 5 of the last 6 fiscal years.

GFL net incomeFY2025C$3.83B

GFL net income was C$3.83B for fiscal 2025 (ended Dec 31, 2025), compared with -C$722.70M in fiscal 2024. Fiscal 2025 is the highest of the 7 fiscal years on file.

GFL EPSFY2025C$9.99

GFL diluted EPS was C$9.99 for fiscal 2025 (ended Dec 31, 2025), compared with -C$2.11 in fiscal 2024.

GFL free cash flowFY2025C$174.60M

FY YoY: -49.7%
5Y CAGR: +18.8%

GFL free cash flow was C$174.60M for fiscal 2025 (ended Dec 31, 2025), down 49.7% from fiscal 2024. Compound annual growth was +18.8% over 5 years.

Export CSV

Income statement

Income statement
Line item	FY2025 Dec 31, 2025	FY2024 Dec 31, 2024	FY2023 Dec 31, 2023	FY2022 Dec 31, 2022	FY2021 Dec 31, 2021	FY2020 Dec 31, 2020	FY2019 Dec 31, 2019
Revenue	C$6.62B	C$6.14B	C$7.52B	C$6.76B	C$5.14B	C$4.20B	C$3.35B
Cost of revenue	C$5.25B	C$5.01B	C$6.25B	C$5.96B	C$4.66B	C$4.01B	C$3.07B
Gross profit	C$1.37B	C$1.13B	C$1.27B	C$797.60M	C$473.70M	C$190.10M	C$273.80M
Selling, general and admin	C$967.40M	C$864.50M	C$973.90M	C$730.40M	C$562.70M	C$508.40M	C$396.50M
Interest expense	C$456.20M	C$563.60M	C$532.70M	C$427.10M	C$323.90M	C$372.40M	C$472.70M
Pre-tax income	C$226.90M	-C$1.12B	C$192.10M	-C$359.30M	-C$736.20M	-C$1.36B	-C$609.20M
Income tax	-C$14.20M	-C$226.40M	C$159.90M	-C$176.10M	-C$109.20M	-C$253.40M	-C$157.50M
Net income	C$3.83B	-C$722.70M	C$45.40M	-C$311.80M	-C$606.80M	-C$1.10B	-C$451.70M
EPS, basic	C$10.24	-C$2.11	-C$0.13	-C$1.08	-C$1.83	-C$3.10	-C$2.50
EPS, diluted	C$9.99	-C$2.11	-C$0.13	-C$1.08	-C$1.83	-C$3.10	-
Diluted shares	378.7M	380.8M	369.7M	367.2M	361.6M	360.4M	180.5M

Balance sheet

Balance sheet
Line item	FY2025 Dec 31, 2025	FY2024 Dec 31, 2024	FY2023 Dec 31, 2023	FY2022 Dec 31, 2022	FY2021 Dec 31, 2021	FY2020 Dec 31, 2020	FY2019 Dec 31, 2019
Cash and equivalents	C$85.60M	C$133.80M	C$135.70M	C$82.10M	C$190.40M	C$27.20M	C$574.80M
Receivables	C$802.00M	C$1.18B	C$1.08B	C$1.12B	C$1.13B	C$867.30M	C$713.40M
Inventory	C$60.90M	C$107.70M	C$98.20M	C$84.20M	C$82.00M	C$57.40M	C$50.50M
Current assets	C$1.16B	C$1.70B	C$1.49B	C$1.38B	C$1.50B	C$1.03B	C$1.42B
Goodwill	C$6.89B	C$8.07B	C$7.89B	C$8.18B	C$7.50B	C$6.50B	C$5.17B
Total assets	C$19.30B	C$21.21B	C$19.88B	C$19.77B	C$18.40B	C$15.73B	C$12.32B
Current liabilities	C$2.00B	C$3.15B	C$1.81B	C$2.69B	C$1.52B	C$1.19B	C$865.10M
Long-term debt	C$7.42B	C$8.85B	C$8.83B	C$9.25B	C$7.98B	C$6.16B	C$7.56B
Total debt	C$7.42B	C$8.85B	C$8.83B	C$9.25B	C$7.98B	C$6.16B	C$7.56B
Total liabilities	C$11.81B	C$13.99B	C$12.49B	C$13.72B	C$12.62B	C$10.16B	C$9.56B
Shareholders' equity	C$7.30B	C$6.98B	C$7.39B	C$6.04B	C$5.78B	C$5.57B	C$2.77B

Cash flow

Cash flow
Line item	FY2025 Dec 31, 2025	FY2024 Dec 31, 2024	FY2023 Dec 31, 2023	FY2022 Dec 31, 2022	FY2021 Dec 31, 2021	FY2020 Dec 31, 2020	FY2019 Dec 31, 2019
Operating cash flow	C$1.32B	C$1.54B	C$980.40M	C$1.10B	C$897.90M	C$502.20M	C$251.00M
Capital expenditures	C$1.14B	C$1.19B	C$1.06B	C$765.20M	C$647.20M	C$428.30M	C$457.80M
Free cash flow	C$174.60M	C$347.20M	-C$74.70M	C$331.10M	C$250.70M	C$73.90M	-C$206.80M
Investing cash flow	C$3.96B	-C$1.68B	-C$310.40M	-C$1.73B	-C$2.69B	-C$4.35B	-C$1.16B
Financing cash flow	-C$5.32B	C$163.20M	-C$602.80M	C$569.00M	C$1.96B	C$3.34B	C$1.47B
Dividends paid	C$31.10M	C$28.20M	C$25.00M	C$20.70M	C$17.90M	C$13.10M	C$0
Share repurchases	C$2.97B	C$0	-	-	-	-	-
Stock-based compensation	C$151.50M	C$104.70M	C$124.80M	C$55.10M	C$45.70M	C$37.90M	C$14.50M

Key ratios

Key ratios
Line item	FY2025 Dec 31, 2025	FY2024 Dec 31, 2024	FY2023 Dec 31, 2023	FY2022 Dec 31, 2022	FY2021 Dec 31, 2021	FY2020 Dec 31, 2020	FY2019 Dec 31, 2019
Revenue growth, YoY	7.8%	-18.3%	11.2%	31.6%	22.4%	25.4%	-
Gross margin	20.7%	18.4%	16.9%	11.8%	9.2%	4.5%	8.2%
Net margin	58.0%	-11.8%	0.6%	-4.6%	-11.8%	-26.3%	-13.5%
Free cash flow margin	2.6%	5.7%	-1.0%	4.9%	4.9%	1.8%	-6.2%
Return on equity	52.5%	-10.4%	0.6%	-5.2%	-10.5%	-19.8%	-16.3%
Return on assets	19.9%	-3.4%	0.2%	-1.6%	-3.3%	-7.0%	-3.7%
Current ratio	0.58	0.54	0.82	0.51	0.98	0.86	1.64
Debt to equity	1.02	1.27	1.20	1.53	1.38	1.11	2.73

Source: XBRL data GFL Environmental Inc. Subordinate voting shares no par value files with the SEC, latest filing dated Feb 18, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

Per-share figures are as filed. The filings show no stock split in these periods.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

Foreign private issuers file annual reports with the SEC, so there are no quarterly statements here.

GFL peers

Company	Revenue	Growth	Net income	Net margin	Market cap
GFL	C$6.62B	+7.8%	C$3.83B	58.0%	$20.20B
WMWaste Management Inc.	$26.07B	+5.2%	$3.07B	11.8%	$93.94B
RSGRepublic Services Inc.	$19.71B	+4.1%	$2.23B	11.3%	$75.20B
WCNWaste Connections Inc.	$9.94B	+6.3%	$1.13B	11.4%	$47.30B
CLHClean Harbors Inc.	$6.56B	+10.1%	$528.36M	8.0%	$14.98B
CWSTCasella Waste Systems Inc.	$1.96B	+13.6%	$5.70M	0.3%	$6.25B
OIOOIO Group	$5.83M	-4.4%	-$4.76M	-81.6%	$623.0M
PESIPerma-Fix Environmental Services Inc.	$57.67M	-4.9%	-$22.81M	-39.5%	$298.1M
QRHCQuest Resource Holding Corporation	$248.49M	-4.9%	-$16.69M	-6.7%	$23.6M

GFL FAQ

9 questions

What is GFL revenue?
GFL Environmental Inc. Subordinate voting shares no par value (GFL) reported C$6.62B of revenue for fiscal 2025 (ended Dec 31, 2025). That is up 7.8% from the year before.
Is GFL profitable?
Yes. GFL Environmental Inc. Subordinate voting shares no par value earned C$3.83B in net income for fiscal 2025 (ended Dec 31, 2025), a net margin of 58.0%.
How much cash and debt does GFL have?
GFL Environmental Inc. Subordinate voting shares no par value reported C$85.60M in cash and cash equivalents and C$7.42B of debt on its most recent balance sheet in SEC filings.
How fast is GFL revenue growing?
GFL Environmental Inc. Subordinate voting shares no par value's revenue changed +7.8% in fiscal 2025, to C$6.62B. Its compound annual growth rate was +9.5% over 5 years.
What is GFL gross margin?
GFL Environmental Inc. Subordinate voting shares no par value's gross profit was C$1.37B on C$6.62B of revenue for fiscal 2025 (ended Dec 31, 2025), a gross margin of 20.7%.
What is GFL free cash flow?
GFL Environmental Inc. Subordinate voting shares no par value generated C$174.60M of free cash flow for fiscal 2025 (ended Dec 31, 2025), which is operating cash flow of C$1.32B less capital expenditures.
What is GFL earnings per share?
Diluted earnings per share were C$9.99 for fiscal 2025 (ended Dec 31, 2025), from SEC filings, restated for any stock split those filings show.
When did GFL last report financial results?
The latest statements here come from GFL Environmental Inc. Subordinate voting shares no par value's 40-F filed on Feb 18, 2026, covering the period ended Dec 31, 2025.
Where does this GFL financial data come from?
Quantisnow builds these statements from the structured XBRL data GFL Environmental Inc. Subordinate voting shares no par value files with the SEC. It is provided for information only and is not investment advice.