GFL vs GLGI vs WCN Stock Comparison

GFL Environmental, Greystone Logistics and Waste Connections Prices as of Oct 26, 2026 Peers: Industry group
GFL GFL Environmental Inc.
$45.68 +8.1% 1M +0.2% 1Y
Market cap
$16.64B
P/E
–
Revenue (TTM)
$7.00B
Div. yield
–
Solid Waste Industrials
4 wins
WCN Waste Connections, Inc.
$186.62 +19.9% 1M +5.5% 1Y
Market cap
$46.13B
P/E
37.2x
Revenue (TTM)
$9.94B
Div. yield
–
Solid Waste Industrials
5 wins

Head to Head

10 decided of 12

Waste Connections leads on 5 of the 12 questions below (Waste Connections 5, GFL Environmental 4, Greystone Logistics 1). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionGFLGLGIWCNLeader
Larger companyMarket capitalisation $16.64B $5.73M $46.13B WCN
Cheaper on earningsLower P/E, profitable companies only -332.1x -0.6x 37.2x –
Cheaper on forward earningsLower price / next fiscal year consensus EPS 73.7x — 34.6x WCN
Faster revenue growthRevenue growth, trailing twelve months +9.7% -59.9% +6.3% GFL
More profitableNet margin, trailing twelve months -0.7% -43.8% — GFL
Better return on capitalReturn on invested capital 7.6% -37.9% — GFL
Less leveragedLower net debt / EBITDA 3.0x -4.6x — GLGI
Higher dividend yieldTrailing dividend yield 0.00% — 0.00% –
Better 1-year returnPrice return, last 12 months +0.2% -78.6% +5.5% WCN
Better 5-year returnAnnualised price return, 5 years +2.8%/yr -25.8%/yr +7.3%/yr WCN
Less volatileAnnualised volatility, 1 year 29.1% 116.4% 25.7% WCN
Higher overall scoreMean of the five percentile scores vs peers 49/100 10/100 48/100 GFL

Percentile Scorecard

GFLGLGIWCN

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

AxisGFLGLGIWCN
Valuation 80 #4 of 16 28 #146 of 203 27 #12 of 16
Growth 23 #11 of 14 0 #187 of 187 77 #4 of 14
Profitability 54 #7 of 14 7 #173 of 185 69 #5 of 14
Financial Health 40 #10 of 16 6 #205 of 219 20 #13 of 16
Shareholder Returns – – –
Overall 49 10 48
  • GFL ranked among 16 companies in Waste Management
  • GLGI ranked among 222 companies in Machinery
  • WCN ranked among 16 companies in Waste Management

Price Performance

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

Returns

PeriodGFLGLGIWCNSPY
1 month +8.1%-16.0%+19.9% -0.8%
3 months +17.2%-16.0%+10.2% +3.5%
6 months +15.1%+40.0%+15.5% +7.0%
Year to date +6.4%-63.8%+6.4% +12.2%
1 year +0.2%-78.6%+5.5% +13.0%
3 years +62.0%-79.0%+45.8% +86.3%
3 years, per year +17.5%-40.6%+13.4% +23.1%
5 years +14.7%-77.4%+42.4% +68.6%
5 years, per year +2.8%-25.8%+7.3% +11.0%
10 years —-16.0%+271.8% +258.0%
10 years, per year —-1.7%+14.0% +13.6%

Risk

MeasureGFLGLGIWCNSPY
Volatility, 1Y 29.1%116.4%25.7% 12.7%
Downside volatility, 1Y 28.1%150.3%23.3% 12.7%
Beta vs S&P 500, 1Y 0.25-1.13-0.18 1.00
Return / volatility, 1Y 0.01-0.680.22 1.02
Max drawdown, 5Y -42.9%-90.7%-25.5% -25.4%
From 52-week high -1.8%-79.0%0.0% -1.8%
52-week high $46.51$1.00$186.62 $779.14
52-week low $33.54$0.15$149.02 $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.

MultipleGFLGLGIWCN
P/E now vs peer median -337.0xmedian 34.0x -0.6xmedian 26.0x 37.2xmedian 34.0x
P/S now vs peer median 2.4xmedian 3.4x 0.3xmedian 1.9x 4.7xmedian 3.4x
EV/EBITDA now vs peer median 8.4xmedian 15.3x -6.9xmedian 14.0x —median 15.3x
P/FCF now vs peer median 6.2xmedian 18.5x -1.1xmedian 21.4x 31.8xmedian 18.5x
P/B now vs peer median 2.2xmedian 3.0x 0.6xmedian 2.2x 6.0xmedian 3.0x
PEG now vs peer median -12.15median 3.42 0.01median 1.26 —median 3.42

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 monthsGFLGLGIWCN
Revenue $7.00B $22.12M $9.94B
Gross profit $1.47B -$2.92M –
Operating income $1.71B -$8.43M $1.76B
Net income -$249.50M -$9.70M $1.13B
Free cash flow $2.72B -$5.06M –
EPS (diluted) $-0.13 $-0.36 –
Cash & equivalents $192.10M $360.53K $95.69M
Total debt $19.12B $46.58M –
Shares (diluted) 378.69M 27.27M 253.86M
Enterprise value $14.75B $3.72M $46.13B

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
MetricGFLGLGIWCN
P/E -337.0x -0.6x 37.2x
P/FCF 6.2x -1.1x 31.8x
P/Operating cash flow 11.2x -1.7x 18.6x
P/S 2.4x 0.3x 4.7x
P/B 2.2x 0.6x 6.0x
P/Tangible book 3.2x 0.6x 8.0x
EV/EBITDA 8.4x -6.9x –
EV/EBIT 15.4x -2.1x –
EV/Revenue 3.8x 0.8x 4.7x
EV/FCF 9.7x -3.4x –
EV/Operating cash flow 17.5x -5.2x 18.6x
PEG (3Y EPS CAGR) -12.15 0.01 –

Growth

14 metrics
MetricGFLGLGIWCN
Revenue growth (1Y) 9.7% -59.9% 6.3%
Revenue CAGR (3Y) -1.8% -28.0% 8.2%
Gross profit growth (1Y) 16.5% -133.7% –
Gross profit CAGR (3Y) 12.3% -31.4% –
Operating income growth (1Y) 1.4% -472.2% 61.8%
Operating income CAGR (3Y) -3.8% -51.5% 10.0%
Net income growth (1Y) -107.0% -1,158% 82.2%
Net income CAGR (3Y) 8.6% -50.9% 10.9%
EPS growth (1Y) -101.4% -1,653% –
EPS CAGR (3Y) 27.7% -56.5% –
Operating cash flow growth (1Y) 13.9% -132.8% 4.2%
Operating cash flow CAGR (3Y) -8.3% -31.4% 6.5%
Free cash flow growth (1Y) 7.7% -169.9% –
Free cash flow CAGR (3Y) -2.6% -49.9% –

Profitability

14 metrics
MetricGFLGLGIWCN
Gross margin 20.9% -13.2% –
EBITDA margin 44.5% -11.3% –
Operating margin 24.4% -38.1% –
Pretax margin -3.8% -42.4% –
Net margin -0.7% -43.8% –
FCF margin 38.9% -22.9% –
Operating cash flow margin 21.6% -15.0% 25.4%
Return on equity -3.3% -94.7% 14.3%
Return on assets -1.2% -26.5% 5.3%
Return on invested capital 7.6% -37.9% –
Return on capital employed 8.9% -39.6% –
Asset turnover 0.3x 0.6x 0.5x
Cash conversion (OCF / net income) -6.1x 0.3x 2.2x
Stock comp / revenue 2.0% – 0.8%

Financial Health

11 metrics
MetricGFLGLGIWCN
Debt / assets 44.6% 33.5% –
Debt / equity 1.3x 1.3x –
Net debt / EBITDA 3.0x -4.6x –
Debt / FCF 3.5x -2.4x –
Liabilities / assets 65.0% 75.0% 63.3%
Equity / assets 35.0% 25.0% 36.7%
Interest coverage 3.0x – –
Current ratio 0.8x 0.4x 0.7x
Quick ratio 0.6x 0.2x –
Cash ratio 0.1x 0.0x –
Altman Z-score 1.27 -1.83 –

Shareholder Returns

7 metrics
MetricGFLGLGIWCN
Dividend yield 0.2% – 0.8%
Net buyback yield – – –
Shareholder yield 0.2% – 0.8%
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.

ConsensusGFLGLGIWCN
Forward P/E 73.7xFY2026 – 34.6xFY2026
EPS, next fiscal year $0.62FY2026 – $5.40FY2026
EPS growth, next FY +12.7%FY2026 – +5.9%FY2026
EPS growth, the year after +27.4% – +18.7%
Revenue, next fiscal year $6.10BFY2026 – $10.30BFY2026
Revenue growth, next FY +26.5%FY2026 – +10.0%FY2026
Revenue growth, the year after +22.3% – 0.0%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersGFLGLGIWCN
Held by institutions 74.8% – 85.2%
Institutions holding 323 – 829
Change in shares held, QoQ +10.3% – +1.3%
Institutions buying 185 – 410
Institutions selling 101 – 303
Buyers to sellers 1.83 – 1.35

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.

GFLGLGIWCN
GFL 1.00 0.04 0.48
GLGI 0.04 1.00 0.05
WCN 0.48 0.05 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, GFL, GLGI and WCN?

Waste Connections (WCN) is the largest by market capitalisation: GFL Environmental (GFL) $16.64B, Greystone Logistics (GLGI) $5.73M, Waste Connections (WCN) $46.13B.

Which company is growing faster?

GFL Environmental (GFL) grew revenue fastest over the trailing twelve months: GFL Environmental (GFL) +9.7%, Greystone Logistics (GLGI) -59.9%, Waste Connections (WCN) +6.3%.

Which company is more profitable?

GFL Environmental (GFL) has the highest net margin (GFL Environmental (GFL) -0.7%, Greystone Logistics (GLGI) -43.8%). On return on invested capital, GFL Environmental (GFL) leads (GFL Environmental (GFL) 7.6%, Greystone Logistics (GLGI) -37.9%).

Which stock has performed better?

Over the past year Waste Connections (WCN) returned the most: GFL Environmental (GFL) +0.2%, Greystone Logistics (GLGI) -78.6%, Waste Connections (WCN) +5.5%. Over five years, Waste Connections (WCN) compounded fastest (GFL Environmental (GFL) +2.8%/yr, Greystone Logistics (GLGI) -25.8%/yr, Waste Connections (WCN) +7.3%/yr). Returns are price only, before dividends.

Which stock is riskier?

By one-year price volatility, Waste Connections (WCN) has been the steadiest (GFL Environmental (GFL) 29.1%, Greystone Logistics (GLGI) 116.4%, Waste Connections (WCN) 25.7%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, GFL, GLGI and WCN?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Waste Connections (WCN) 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.