GFL vs OSK vs WCN Stock Comparison

GFL Environmental, Oshkosh and Waste Connections Prices as of Oct 27, 2026 Peers: Industry group
GFL GFL Environmental Inc.
$44.99 +6.5% 1M -0.8% 1Y
Market cap
$16.03B
P/E
–
Revenue (TTM)
$7.00B
Div. yield
–
Solid Waste Industrials
1 win
OSK Oshkosh Corp
$134.20 +1.0% 1M -3.6% 1Y
Market cap
$8.59B
P/E
15.4x
Revenue (TTM)
$10.61B
Div. yield
–
Heavy Equipment Industrials
6 wins
WCN Waste Connections, Inc.
$181.92 +16.8% 1M +4.1% 1Y
Market cap
$45.45B
P/E
37.2x
Revenue (TTM)
$9.94B
Div. yield
–
Solid Waste Industrials
4 wins

Head to Head

11 decided of 12

Oshkosh leads on 6 of the 12 questions below (Oshkosh 6, Waste Connections 4, GFL Environmental 1). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionGFLOSKWCNLeader
Larger companyMarket capitalisation $16.03B $8.59B $45.45B WCN
Cheaper on earningsLower P/E, profitable companies only -320.0x 15.4x 37.2x OSK
Cheaper on forward earningsLower price / next fiscal year consensus EPS 72.6x 13.4x 33.7x OSK
Faster revenue growthRevenue growth, trailing twelve months +9.7% +2.2% +6.3% GFL
More profitableNet margin, trailing twelve months -0.7% 5.2% — OSK
Better return on capitalReturn on invested capital 7.6% 11.4% — OSK
Less leveragedLower net debt / EBITDA 3.0x 0.7x — OSK
Higher dividend yieldTrailing dividend yield 0.00% 0.00% 0.00% –
Better 1-year returnPrice return, last 12 months -0.8% -3.6% +4.1% WCN
Better 5-year returnAnnualised price return, 5 years +2.0%/yr +4.5%/yr +6.5%/yr WCN
Less volatileAnnualised volatility, 1 year 29.1% 40.4% 25.8% WCN
Higher overall scoreMean of the five percentile scores vs peers 46/100 72/100 46/100 OSK

Percentile Scorecard

GFLOSKWCN

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

AxisGFLOSKWCN
Valuation 73 #5 of 16 95 #12 of 203 27 #12 of 16
Growth 23 #11 of 14 59 #78 of 188 69 #5 of 14
Profitability 54 #7 of 14 63 #69 of 183 69 #5 of 14
Financial Health 33 #11 of 16 52 #105 of 217 20 #13 of 16
Shareholder Returns – 91 #15 of 153 –
Overall 46 72 46
  • GFL ranked among 16 companies in Waste Management
  • OSK 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

PeriodGFLOSKWCNSPY
1 month +6.5%+1.0%+16.8% -0.2%
3 months +14.9%-11.9%+7.5% +3.9%
6 months +12.1%-10.3%+11.2% +8.2%
Year to date +4.7%+6.8%+3.7% +12.9%
1 year -0.8%-3.6%+4.1% +12.3%
3 years +59.5%+55.5%+42.1% +87.4%
3 years, per year +16.9%+15.9%+12.4% +23.3%
5 years +10.2%+24.4%+37.0% +67.9%
5 years, per year +2.0%+4.5%+6.5% +10.9%
10 years —+155.2%+268.8% +261.1%
10 years, per year —+9.8%+13.9% +13.7%

Risk

MeasureGFLOSKWCNSPY
Volatility, 1Y 29.1%40.4%25.8% 12.7%
Downside volatility, 1Y 28.0%40.5%23.5% 12.7%
Beta vs S&P 500, 1Y 0.251.40-0.19 1.00
Return / volatility, 1Y -0.03-0.090.16 0.97
Max drawdown, 5Y -42.9%-43.5%-25.5% -25.4%
From 52-week high -3.3%-24.6%-2.5% -1.2%
52-week high $46.51$177.94$186.62 $779.14
52-week low $33.54$118.59$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.

MultipleGFLOSKWCN
P/E now vs peer median -331.9xmedian 33.2x 15.1xmedian 25.2x 37.2xmedian 33.2x
P/S now vs peer median 2.4xmedian 3.3x 0.8xmedian 1.9x 4.6xmedian 3.3x
EV/EBITDA now vs peer median 8.4xmedian 14.5x 8.7xmedian 14.0x —median 14.5x
P/FCF now vs peer median 6.1xmedian 16.4x 7.4xmedian 21.7x 31.8xmedian 16.4x
P/B now vs peer median 2.2xmedian 3.0x 1.8xmedian 2.3x 5.8xmedian 3.0x
PEG now vs peer median -11.97median 2.81 1.18median 1.32 —median 2.81

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 monthsGFLOSKWCN
Revenue $7.00B $10.61B $9.94B
Gross profit $1.47B $1.69B –
Operating income $1.71B $797.60M $1.76B
Net income -$249.50M $556.30M $1.13B
Free cash flow $2.72B $1.12B –
EPS (diluted) $-0.13 $8.87 –
Cash & equivalents $192.10M $403.60M $95.69M
Total debt $19.12B $1.10B –
Shares (diluted) 378.69M 62.75M 253.86M
Enterprise value $14.15B $7.25B $45.45B

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
MetricGFLOSKWCN
P/E -331.9x 15.1x 37.2x
P/FCF 6.1x 7.4x 31.8x
P/Operating cash flow 11.1x 6.4x 18.1x
P/S 2.4x 0.8x 4.6x
P/B 2.2x 1.8x 5.8x
P/Tangible book 3.1x 2.2x 7.8x
EV/EBITDA 8.4x 8.7x –
EV/EBIT 15.3x 11.3x –
EV/Revenue 3.7x 0.8x 4.6x
EV/FCF 9.6x 8.0x –
EV/Operating cash flow 17.3x 6.9x 18.1x
PEG (3Y EPS CAGR) -11.97 1.18 –

Growth

14 metrics
MetricGFLOSKWCN
Revenue growth (1Y) 9.7% 2.2% 6.3%
Revenue CAGR (3Y) -1.8% 5.8% 8.2%
Gross profit growth (1Y) 16.5% -10.2% –
Gross profit CAGR (3Y) 12.3% 7.4% –
Operating income growth (1Y) 1.4% -16.7% 61.8%
Operating income CAGR (3Y) -3.8% 8.2% 10.0%
Net income growth (1Y) -107.0% -14.5% 82.2%
Net income CAGR (3Y) 8.6% 11.1% 10.9%
EPS growth (1Y) -101.4% -11.7% –
EPS CAGR (3Y) 27.7% 12.8% –
Operating cash flow growth (1Y) 13.9% 60.6% 4.2%
Operating cash flow CAGR (3Y) -8.3% 57.0% 6.5%
Free cash flow growth (1Y) 7.7% 99.4% –
Free cash flow CAGR (3Y) -2.6% 49.8% –

Profitability

14 metrics
MetricGFLOSKWCN
Gross margin 20.9% 15.9% –
EBITDA margin 44.5% 9.8% –
Operating margin 24.4% 7.5% –
Pretax margin -3.8% 6.5% –
Net margin -0.7% 5.2% –
FCF margin 38.9% 10.6% –
Operating cash flow margin 21.6% 12.3% 25.4%
Return on equity -3.3% 12.4% 14.3%
Return on assets -1.2% 5.6% 5.3%
Return on invested capital 7.6% 11.4% –
Return on capital employed 8.9% 11.5% –
Asset turnover 0.3x 1.1x 0.5x
Cash conversion (OCF / net income) -6.1x 2.3x 2.2x
Stock comp / revenue 2.0% 0.4% 0.8%

Financial Health

11 metrics
MetricGFLOSKWCN
Debt / assets 44.6% 11.0% –
Debt / equity 1.3x 0.2x –
Net debt / EBITDA 3.0x 0.7x –
Debt / FCF 3.5x 1.0x –
Liabilities / assets 65.0% 55.0% 63.3%
Equity / assets 35.0% 45.0% 36.7%
Interest coverage 3.0x 6.6x –
Current ratio 0.8x 1.7x 0.7x
Quick ratio 0.6x 0.7x –
Cash ratio 0.1x 0.1x –
Altman Z-score 1.26 3.18 –

Shareholder Returns

7 metrics
MetricGFLOSKWCN
Dividend yield 0.2% 1.7% 0.8%
Net buyback yield – 4.2% –
Shareholder yield 0.2% 5.8% 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.

ConsensusGFLOSKWCN
Forward P/E 72.6xFY2026 13.4xFY2026 33.7xFY2026
EPS, next fiscal year $0.62FY2026 $10.00FY2026 $5.40FY2026
EPS growth, next FY +12.7%FY2026 -7.3%FY2026 +5.9%FY2026
EPS growth, the year after +27.4% +46.4% +18.7%
Revenue, next fiscal year $6.10BFY2026 $10.70BFY2026 $10.30BFY2026
Revenue growth, next FY +26.5%FY2026 +2.6%FY2026 +10.0%FY2026
Revenue growth, the year after +22.3% +5.3% 0.0%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersGFLOSKWCN
Held by institutions 74.8% 100.0% 85.2%
Institutions holding 323 598 829
Change in shares held, QoQ +10.3% +5.1% +1.3%
Institutions buying 185 309 410
Institutions selling 101 188 303
Buyers to sellers 1.83 1.64 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.

GFLOSKWCN
GFL 1.00 0.11 0.48
OSK 0.11 1.00 0.06
WCN 0.48 0.06 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, GFL, OSK and WCN?

Waste Connections (WCN) is the largest by market capitalisation: GFL Environmental (GFL) $16.03B, Oshkosh (OSK) $8.59B, Waste Connections (WCN) $45.45B.

Which stock is cheaper, GFL, OSK and WCN?

Oshkosh (OSK) trades on the lowest price-to-earnings ratio (GFL Environmental (GFL) -320.0x, Oshkosh (OSK) 15.4x, Waste Connections (WCN) 37.2x). On next year's consensus earnings, Oshkosh (OSK) is cheapest (GFL Environmental (GFL) 72.6x, Oshkosh (OSK) 13.4x, Waste Connections (WCN) 33.7x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

GFL Environmental (GFL) grew revenue fastest over the trailing twelve months: GFL Environmental (GFL) +9.7%, Oshkosh (OSK) +2.2%, Waste Connections (WCN) +6.3%.

Which company is more profitable?

Oshkosh (OSK) has the highest net margin (GFL Environmental (GFL) -0.7%, Oshkosh (OSK) 5.2%). On return on invested capital, Oshkosh (OSK) leads (GFL Environmental (GFL) 7.6%, Oshkosh (OSK) 11.4%).

Which stock has performed better?

Over the past year Waste Connections (WCN) returned the most: GFL Environmental (GFL) -0.8%, Oshkosh (OSK) -3.6%, Waste Connections (WCN) +4.1%. Over five years, Waste Connections (WCN) compounded fastest (GFL Environmental (GFL) +2.0%/yr, Oshkosh (OSK) +4.5%/yr, Waste Connections (WCN) +6.5%/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%, Oshkosh (OSK) 40.4%, Waste Connections (WCN) 25.8%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, GFL, OSK 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, Oshkosh (OSK) 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.