CLH vs WM vs RSG Stock Comparison

Clean Harbors, Waste Management and Republic Services Prices as of Oct 23, 2026 Peers: Industry group
CLH Clean Harbors Inc
$318.70 +1.8% 1M +30.8% 1Y
Market cap
$16.74B
P/E
38.1x
Revenue (TTM)
$6.24B
Div. yield
–
Hazardous Waste Industrials
4 wins
WM Waste Management Inc
$239.38 +15.1% 1M +10.8% 1Y
Market cap
$96.86B
P/E
34.0x
Revenue (TTM)
$25.67B
Div. yield
0.01%
Solid Waste Industrials
5 wins
RSG Republic Services, Inc.
$240.36 +12.7% 1M +7.7% 1Y
Market cap
$74.26B
P/E
34.0x
Revenue (TTM)
$16.89B
Div. yield
0.01%
Solid Waste Industrials
3 wins

Head to Head

12 decided of 12

Waste Management leads on 5 of the 12 questions below (Waste Management 5, Clean Harbors 4, Republic Services 3). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionCLHWMRSGLeader
Larger companyMarket capitalisation $16.74B $96.86B $74.26B WM
Cheaper on earningsLower P/E, profitable companies only 38.1x 34.0x 34.0x WM
Cheaper on forward earningsLower price / next fiscal year consensus EPS 31.1x 27.7x 32.3x WM
Faster revenue growthRevenue growth, trailing twelve months +5.1% +7.2% +3.2% WM
More profitableNet margin, trailing twelve months 7.0% 11.1% 12.9% RSG
Better return on capitalReturn on invested capital 9.7% 10.7% 11.0% RSG
Less leveragedLower net debt / EBITDA 1.9x 3.0x 2.6x CLH
Higher dividend yieldTrailing dividend yield 0.00% 0.01% 0.01% WM
Better 1-year returnPrice return, last 12 months +30.8% +10.8% +7.7% CLH
Better 5-year returnAnnualised price return, 5 years +22.7%/yr +7.8%/yr +12.5%/yr CLH
Less volatileAnnualised volatility, 1 year 27.9% 21.3% 20.2% RSG
Higher overall scoreMean of the five percentile scores vs peers 66/100 54/100 65/100 CLH

Percentile Scorecard

CLHWMRSG

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisCLHWMRSG
Valuation 60 #7 of 16 47 #9 of 16 53 #8 of 16
Growth 54 #7 of 14 77 #4 of 14 62 #6 of 14
Profitability 77 #4 of 14 92 #2 of 14 100 #1 of 14
Financial Health 80 #4 of 16 13 #14 of 16 40 #10 of 16
Shareholder Returns 57 #4 of 8 43 #5 of 8 71 #3 of 8
Overall 66 54 65
  • CLH ranked among 16 companies in Waste Management
  • WM ranked among 16 companies in Waste Management
  • RSG ranked among 16 companies in Waste Management

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodCLHWMRSGSPY
1 month +1.8%+15.1%+12.7% -1.0%
3 months +4.9%+0.2%+10.8% +2.9%
6 months +3.1%+4.3%+14.6% +6.4%
Year to date +35.9%+9.0%+13.4% +11.4%
1 year +30.8%+10.8%+7.7% +13.1%
3 years +105.0%+54.8%+67.7% +79.4%
3 years, per year +27.1%+15.7%+18.8% +21.5%
5 years +177.7%+45.6%+80.4% +67.7%
5 years, per year +22.7%+7.8%+12.5% +10.9%
10 years +603.7%+284.8%+381.4% +255.2%
10 years, per year +21.5%+14.4%+17.0% +13.5%

Risk

MeasureCLHWMRSGSPY
Volatility, 1Y 27.9%21.3%20.2% 12.7%
Downside volatility, 1Y 31.1%20.5%18.8% 12.7%
Beta vs S&P 500, 1Y 0.26-0.42-0.42 1.00
Return / volatility, 1Y 1.110.510.38 1.03
Max drawdown, 5Y -30.9%-18.7%-23.4% -25.4%
From 52-week high -2.6%-2.9%-0.6% -2.5%
52-week high $327.10$246.51$241.83 $779.14
52-week low $201.73$196.77$197.73 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultipleCLHWMRSG
P/E now vs peer median 38.3xmedian 33.8x 33.7xmedian 33.8x 33.8xmedian 33.8x
P/S now vs peer median 2.7xmedian 3.4x 3.7xmedian 3.4x 4.4xmedian 3.4x
EV/EBITDA now vs peer median 15.9xmedian 15.8x 15.8xmedian 15.8x 16.4xmedian 15.8x
P/FCF now vs peer median 36.4xmedian 18.4x 26.8xmedian 18.4x 27.7xmedian 18.4x
P/B now vs peer median 5.7xmedian 3.1x 9.6xmedian 3.1x 6.1xmedian 3.1x
PEG now vs peer median 10.77median 4.14 4.14median 4.14 2.67median 4.14

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsCLHWMRSG
Revenue $6.24B $25.67B $16.89B
Gross profit $2.01B $10.49B $7.09B
Operating income $739.29M $4.51B $3.37B
Net income $439.05M $2.85B $2.19B
Free cash flow $461.72M $3.57B $2.65B
EPS (diluted) $8.29 $7.09 $7.10
Cash & equivalents $408.36M $557.00M $107.00M
Total debt $2.77B $93.65B $14.07B
Shares (diluted) 52.96M 402.40M 307.63M
Enterprise value $13.75B $95.77B $73.88B

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricCLHWMRSG
P/E 38.3x 33.7x 33.8x
P/FCF 36.4x 26.8x 27.7x
P/Operating cash flow 18.6x 14.7x 16.2x
P/S 2.7x 3.7x 4.4x
P/B 5.7x 9.6x 6.1x
P/Tangible book 7.7x 15.2x 6.5x
EV/EBITDA 15.9x 15.8x 16.4x
EV/EBIT 25.8x 26.3x 26.0x
EV/Revenue 3.1x 4.6x 5.2x
EV/FCF 41.3x 33.2x 33.0x
EV/Operating cash flow 21.1x 18.2x 19.3x
PEG (3Y EPS CAGR) 10.77 4.14 2.67

Growth

14 metrics
MetricCLHWMRSG
Revenue growth (1Y) 5.1% 7.2% 3.2%
Revenue CAGR (3Y) 5.3% 8.6% 5.4%
Gross profit growth (1Y) 10.2% -18.6% 2.5%
Gross profit CAGR (3Y) 6.5% 11.8% 7.8%
Operating income growth (1Y) 13.5% 7.3% 1.6%
Operating income CAGR (3Y) 4.5% 9.1% 9.1%
Net income growth (1Y) 14.1% 4.8% 2.9%
Net income CAGR (3Y) 2.6% 7.7% 11.5%
EPS growth (1Y) 15.9% 5.3% 4.9%
EPS CAGR (3Y) 3.6% 8.1% 12.7%
Operating cash flow growth (1Y) 19.9% 15.9% 9.2%
Operating cash flow CAGR (3Y) 7.3% 14.8% 10.2%
Free cash flow growth (1Y) 20.0% 65.2% 12.6%
Free cash flow CAGR (3Y) 12.0% 33.4% 12.3%

Profitability

14 metrics
MetricCLHWMRSG
Gross margin 32.3% 40.9% 42.0%
EBITDA margin 19.2% 29.3% 31.7%
Operating margin 11.8% 17.6% 19.9%
Pretax margin 9.6% 14.1% 15.2%
Net margin 7.0% 11.1% 12.9%
FCF margin 7.4% 13.9% 15.7%
Operating cash flow margin 14.5% 25.4% 26.9%
Return on equity 15.4% 28.6% 18.2%
Return on assets 5.7% 6.2% 6.3%
Return on invested capital 9.7% 10.7% 11.0%
Return on capital employed 11.3% 11.2% 10.9%
Asset turnover 0.8x 0.6x 0.5x
Cash conversion (OCF / net income) 2.1x 2.3x 2.1x
Stock comp / revenue 0.7% 0.7% –

Financial Health

11 metrics
MetricCLHWMRSG
Debt / assets 35.4% 50.3% 40.0%
Debt / equity 0.9x 2.4x 1.2x
Net debt / EBITDA 1.9x 3.0x 2.6x
Debt / FCF 6.0x 6.5x 5.3x
Liabilities / assets 62.6% 78.6% 65.8%
Equity / assets 37.4% 21.4% 34.2%
Interest coverage – – 5.7x
Current ratio 2.1x 0.9x 0.6x
Quick ratio 1.7x 0.8x 0.6x
Cash ratio 0.4x 0.1x 0.0x
Altman Z-score 3.90 2.97 3.13

Shareholder Returns

7 metrics
MetricCLHWMRSG
Dividend yield – 1.5% 1.1%
Net buyback yield 1.4% 1.0% 2.0%
Shareholder yield 1.4% 2.5% 3.1%
Payout ratio (earnings) – 50.1% 34.8%
Payout ratio (FCF) – 40.0% 28.7%
Dividend growth (1Y) – 12.4% 6.9%
Dividend CAGR (3Y) – 8.9% 7.4%

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusCLHWMRSG
Forward P/E 31.1xFY2026 27.7xFY2026 32.3xFY2026
EPS, next fiscal year $10.26FY2026 $8.65FY2026 $7.45FY2026
EPS growth, next FY +40.9%FY2026 +15.3%FY2026 +6.1%FY2026
EPS growth, the year after +4.8% +9.5% +5.8%
Revenue, next fiscal year $6.27BFY2026 $25.84BFY2026 $16.59BFY2026
Revenue growth, next FY +4.0%FY2026 +2.6%FY2026 +0.0%FY2026
Revenue growth, the year after +15.5% +12.0% +15.6%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersCLHWMRSG
Held by institutions 93.5% 82.3% 58.9%
Institutions holding 658 2,348 1,302
Change in shares held, QoQ 0.0% +0.8% +0.5%
Institutions buying 306 1,094 622
Institutions selling 246 901 484
Buyers to sellers 1.24 1.21 1.29

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

CLHWMRSG
CLH 1.00 0.30 0.36
WM 0.30 1.00 0.83
RSG 0.36 0.83 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, CLH, WM and RSG?

Waste Management (WM) is the largest by market capitalisation: Clean Harbors (CLH) $16.74B, Waste Management (WM) $96.86B, Republic Services (RSG) $74.26B.

Which stock is cheaper, CLH, WM and RSG?

Waste Management (WM) trades on the lowest price-to-earnings ratio (Clean Harbors (CLH) 38.1x, Waste Management (WM) 34.0x, Republic Services (RSG) 34.0x). On next year's consensus earnings, Waste Management (WM) is cheapest (Clean Harbors (CLH) 31.1x, Waste Management (WM) 27.7x, Republic Services (RSG) 32.3x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Waste Management (WM) grew revenue fastest over the trailing twelve months: Clean Harbors (CLH) +5.1%, Waste Management (WM) +7.2%, Republic Services (RSG) +3.2%.

Which company is more profitable?

Republic Services (RSG) has the highest net margin (Clean Harbors (CLH) 7.0%, Waste Management (WM) 11.1%, Republic Services (RSG) 12.9%). On return on invested capital, Republic Services (RSG) leads (Clean Harbors (CLH) 9.7%, Waste Management (WM) 10.7%, Republic Services (RSG) 11.0%).

Which stock has performed better?

Over the past year Clean Harbors (CLH) returned the most: Clean Harbors (CLH) +30.8%, Waste Management (WM) +10.8%, Republic Services (RSG) +7.7%. Over five years, Clean Harbors (CLH) compounded fastest (Clean Harbors (CLH) +22.7%/yr, Waste Management (WM) +7.8%/yr, Republic Services (RSG) +12.5%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Waste Management (WM) has the highest dividend yield: Clean Harbors (CLH) 0.00%, Waste Management (WM) 0.01%, Republic Services (RSG) 0.01%. Clean Harbors (CLH) pays no regular dividend.

Which stock is riskier?

By one-year price volatility, Republic Services (RSG) has been the steadiest (Clean Harbors (CLH) 27.9%, Waste Management (WM) 21.3%, Republic Services (RSG) 20.2%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, CLH, WM and RSG?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Waste Management (WM) leads on 5. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.