GFL vs CWST vs RETO Stock Comparison

GFL Environmental, Casella Waste Systems and ReTo Eco-Solutions Prices as of Oct 28, 2026 Peers: Industry group
GFL GFL Environmental Inc.
$43.57 +5.1% 1M -3.4% 1Y
Market cap
$16.16B
P/E
–
Revenue (TTM)
—
Div. yield
0.18%
Solid Waste Industrials
6 wins

Head to Head

8 decided of 12

GFL Environmental leads on 6 of the 12 questions below (GFL Environmental 6, Casella Waste Systems 2). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionGFLCWSTRETOLeader
Larger companyMarket capitalisation $16.16B $5.55B $28.51K GFL
Cheaper on earningsLower P/E, profitable companies only -71.8x 987.3x 0.0x –
Cheaper on forward earningsLower price / next fiscal year consensus EPS 70.3x 68.6x — CWST
Faster revenue growthRevenue growth, trailing twelve months — +13.6% — –
More profitableNet margin, trailing twelve months — 0.3% — –
Better return on capitalReturn on invested capital 9.7% 1.5% — GFL
Less leveragedLower net debt / EBITDA -0.1x 3.4x — GFL
Higher dividend yieldTrailing dividend yield 0.18% — — –
Better 1-year returnPrice return, last 12 months -3.4% +0.7% -96.1% CWST
Better 5-year returnAnnualised price return, 5 years +1.2%/yr +0.4%/yr -87.2%/yr GFL
Less volatileAnnualised volatility, 1 year 29.2% 37.5% 353.7% GFL
Higher overall scoreMean of the five percentile scores vs peers 57/100 49/100 — GFL

Percentile Scorecard

GFLCWSTRETO

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

AxisGFLCWSTRETO
Valuation 87 #3 of 16 47 #9 of 16 67 #6 of 16
Growth 15 #12 of 14 54 #7 of 14 –
Profitability 39 #9 of 14 62 #6 of 14 –
Financial Health 87 #3 of 16 33 #11 of 16 80 #4 of 16
Shareholder Returns – – –
Overall 57 49 –
  • GFL ranked among 16 companies in Waste Management
  • CWST ranked among 16 companies in Waste Management
  • RETO ranked among 16 companies in Waste Management

Price Performance

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

Returns

PeriodGFLCWSTRETOSPY
1 month +5.1%+8.5%+464.3% +0.9%
3 months +8.2%-2.2%-69.4% +5.9%
6 months +8.0%+13.3%-68.7% +8.5%
Year to date +1.4%-9.6%-89.7% +13.3%
1 year -3.4%+0.7%-96.1% +12.4%
3 years +54.5%+20.4%-99.9% +88.1%
3 years, per year +15.6%+6.4%-91.5% +23.5%
5 years +5.9%+2.1%-100.0% +68.2%
5 years, per year +1.2%+0.4%-87.2% +11.0%
10 years —+707.8%— +263.4%
10 years, per year —+23.2%— +13.8%

Risk

MeasureGFLCWSTRETOSPY
Volatility, 1Y 29.2%37.5%353.7% 12.7%
Downside volatility, 1Y 28.4%34.9%243.6% 12.7%
Beta vs S&P 500, 1Y 0.240.092.23 1.00
Return / volatility, 1Y -0.120.02-0.27 0.98
Max drawdown, 5Y -42.9%-37.7%-100.0% -25.4%
From 52-week high -6.3%-17.5%-96.1% -0.9%
52-week high $46.51$107.34$20.40 $779.14
52-week low $33.54$74.97$0.09 $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.

MultipleGFLCWSTRETO
P/E now vs peer median -71.8xmedian 31.3x 987.3xmedian 31.3x 0.0xmedian 31.3x
P/S now vs peer median 2.3xmedian 3.1x 2.8xmedian 3.1x 0.1xmedian 3.1x
EV/EBITDA now vs peer median 4.9xmedian 14.3x 17.5xmedian 14.3x —median 14.3x
P/FCF now vs peer median 5.6xmedian 16.9x 52.5xmedian 16.9x 0.0xmedian 16.9x
P/B now vs peer median 1.4xmedian 2.7x 3.5xmedian 2.7x 0.0xmedian 2.7x
PEG now vs peer median 1.01median 2.37 -19.39median 2.37 —median 2.37

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 monthsGFLCWSTRETO
Revenue – $1.96B –
Gross profit – $653.52M –
Operating income $1.72B $66.07M –
Net income -$385.60M $5.70M –
Free cash flow $2.88B $105.67M –
EPS (diluted) $-0.59 $0.09 –
Cash & equivalents $296.50M $25.54M $250.01K
Total debt $14.20M $1.36B $13.30M
Shares (diluted) 378.69M 63.69M 5.97K
Enterprise value $14.35B $4.67B -$1.36M

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
MetricGFLCWSTRETO
P/E -71.8x 987.3x 0.0x
P/FCF 5.6x 52.5x 0.0x
P/Operating cash flow 9.4x 15.8x –
P/S 2.3x 2.8x 0.1x
P/B 1.4x 3.5x 0.0x
P/Tangible book 1.7x 4.5x 0.0x
EV/EBITDA 4.9x 17.5x –
EV/EBIT 9.2x 104.2x –
EV/Revenue – 3.5x –
EV/FCF 5.5x 65.2x –
EV/Operating cash flow 9.3x 19.6x –
PEG (3Y EPS CAGR) 1.01 -19.39 –

Growth

14 metrics
MetricGFLCWSTRETO
Revenue growth (1Y) – 13.6% –
Revenue CAGR (3Y) – 20.4% –
Gross profit growth (1Y) – 12.6% –
Gross profit CAGR (3Y) – 20.0% –
Operating income growth (1Y) -0.2% 1.1% –
Operating income CAGR (3Y) -7.1% -8.5% –
Net income growth (1Y) -110.8% -48.4% –
Net income CAGR (3Y) -45.6% -47.8% –
EPS growth (1Y) -106.3% -48.5% –
EPS CAGR (3Y) -70.7% -50.9% –
Operating cash flow growth (1Y) 25.2% 2.9% –
Operating cash flow CAGR (3Y) -1.6% 19.0% –
Free cash flow growth (1Y) 11.5% 16.1% –
Free cash flow CAGR (3Y) 0.2% 8.9% –

Profitability

14 metrics
MetricGFLCWSTRETO
Gross margin – 33.4% –
EBITDA margin – 20.1% –
Operating margin – 3.4% –
Pretax margin – 0.5% –
Net margin – 0.3% –
FCF margin – 5.4% –
Operating cash flow margin – 18.0% –
Return on equity -4.0% 0.4% –
Return on assets -1.5% 0.2% –
Return on invested capital 9.7% 1.5% –
Return on capital employed 7.6% 2.1% –
Asset turnover – 0.6x –
Cash conversion (OCF / net income) -4.4x 61.6x –
Stock comp / revenue – 0.7% –

Financial Health

11 metrics
MetricGFLCWSTRETO
Debt / assets 0.0% 38.3% 7.0%
Debt / equity 0.0x 0.9x 0.1x
Net debt / EBITDA -0.1x 3.4x –
Debt / FCF 0.0x 12.9x –
Liabilities / assets 59.0% 55.6% 22.3%
Equity / assets 41.0% 44.4% 77.7%
Interest coverage 2.8x 1.0x –
Current ratio 0.9x 1.0x 0.2x
Quick ratio 0.8x 0.8x 24,122x
Cash ratio 0.1x 0.1x 0.0x
Altman Z-score – 2.24 –

Shareholder Returns

7 metrics
MetricGFLCWSTRETO
Dividend yield 0.2% – –
Net buyback yield – – –
Shareholder yield 0.2% – –
Payout ratio (earnings) – – –
Payout ratio (FCF) – – –
Dividend growth (1Y) – – –
Dividend CAGR (3Y) – – –

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.

ConsensusGFLCWSTRETO
Forward P/E 70.3xFY2026 68.6xFY2026 –
EPS, next fiscal year $0.62FY2026 $1.29FY2026 –
EPS growth, next FY +12.7%FY2026 +1.6%FY2026 –
EPS growth, the year after +27.4% +16.3% –
Revenue, next fiscal year $6.10BFY2026 $2.05BFY2026 –
Revenue growth, next FY +26.5%FY2026 +11.6%FY2026 –
Revenue growth, the year after +22.3% +7.1% –

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersGFLCWSTRETO
Held by institutions 74.8% 100.0% –
Institutions holding 323 415 –
Change in shares held, QoQ +10.3% +4.2% –
Institutions buying 185 231 –
Institutions selling 101 127 –
Buyers to sellers 1.83 1.82 –

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.

GFLCWSTRETO
GFL 1.00 0.40 0.12
CWST 0.40 1.00 0.09
RETO 0.12 0.09 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, GFL, CWST and RETO?

GFL Environmental (GFL) is the largest by market capitalisation: GFL Environmental (GFL) $16.16B, Casella Waste Systems (CWST) $5.55B, ReTo Eco-Solutions (RETO) $28.51K.

Which stock has performed better?

Over the past year Casella Waste Systems (CWST) returned the most: GFL Environmental (GFL) -3.4%, Casella Waste Systems (CWST) +0.7%, ReTo Eco-Solutions (RETO) -96.1%. Over five years, GFL Environmental (GFL) compounded fastest (GFL Environmental (GFL) +1.2%/yr, Casella Waste Systems (CWST) +0.4%/yr, ReTo Eco-Solutions (RETO) -87.2%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Only one of these companies pays a dividend: GFL Environmental (GFL) 0.18%. Casella Waste Systems (CWST) and ReTo Eco-Solutions (RETO) pays no regular dividend.

Which stock is riskier?

By one-year price volatility, GFL Environmental (GFL) has been the steadiest (GFL Environmental (GFL) 29.2%, Casella Waste Systems (CWST) 37.5%, ReTo Eco-Solutions (RETO) 353.7%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, GFL, CWST and RETO?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, GFL Environmental (GFL) leads on 6. 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.