GFL vs RSG vs CWST Stock Comparison

GFL Environmental, Republic Services and Casella Waste Systems 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
2 wins
RSG Republic Services, Inc.
$233.48 +9.6% 1M +7.2% 1Y
Market cap
$71.49B
P/E
32.8x
Revenue (TTM)
$16.89B
Div. yield
1.09%
Solid Waste Industrials
9 wins

Head to Head

12 decided of 12

Republic Services leads on 9 of the 12 questions below (Republic Services 9, GFL Environmental 2, Casella Waste Systems 1). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionGFLRSGCWSTLeader
Larger companyMarket capitalisation $16.16B $71.49B $5.55B RSG
Cheaper on earningsLower P/E, profitable companies only -71.8x 32.8x 987.3x RSG
Cheaper on forward earningsLower price / next fiscal year consensus EPS 70.3x 31.3x 68.6x RSG
Faster revenue growthRevenue growth, trailing twelve months — +3.2% +13.6% CWST
More profitableNet margin, trailing twelve months — 12.9% 0.3% RSG
Better return on capitalReturn on invested capital 9.7% 11.0% 1.5% RSG
Less leveragedLower net debt / EBITDA -0.1x 2.6x 3.4x GFL
Higher dividend yieldTrailing dividend yield 0.18% 1.09% — RSG
Better 1-year returnPrice return, last 12 months -3.4% +7.2% +0.7% RSG
Better 5-year returnAnnualised price return, 5 years +1.2%/yr +11.7%/yr +0.4%/yr RSG
Less volatileAnnualised volatility, 1 year 29.2% 20.3% 37.5% RSG
Higher overall scoreMean of the five percentile scores vs peers 57/100 51/100 49/100 GFL

Percentile Scorecard

GFLRSGCWST

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

AxisGFLRSGCWST
Valuation 87 #3 of 16 40 #10 of 16 47 #9 of 16
Growth 15 #12 of 14 39 #9 of 14 54 #7 of 14
Profitability 39 #9 of 14 100 #1 of 14 62 #6 of 14
Financial Health 87 #3 of 16 27 #12 of 16 33 #11 of 16
Shareholder Returns – – –
Overall 57 51 49
  • GFL ranked among 16 companies in Waste Management
  • RSG ranked among 16 companies in Waste Management
  • CWST ranked among 16 companies in Waste Management

Price Performance

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

Returns

PeriodGFLRSGCWSTSPY
1 month +5.1%+9.6%+8.5% +0.9%
3 months +8.2%+6.6%-2.2% +5.9%
6 months +8.0%+12.1%+13.3% +8.5%
Year to date +1.4%+10.2%-9.6% +13.3%
1 year -3.4%+7.2%+0.7% +12.4%
3 years +54.5%+59.9%+20.4% +88.1%
3 years, per year +15.6%+17.0%+6.4% +23.5%
5 years +5.9%+73.5%+2.1% +68.2%
5 years, per year +1.2%+11.7%+0.4% +11.0%
10 years —+349.2%+707.8% +263.4%
10 years, per year —+16.2%+23.2% +13.8%

Risk

MeasureGFLRSGCWSTSPY
Volatility, 1Y 29.2%20.3%37.5% 12.7%
Downside volatility, 1Y 28.4%19.0%34.9% 12.7%
Beta vs S&P 500, 1Y 0.24-0.430.09 1.00
Return / volatility, 1Y -0.120.360.02 0.98
Max drawdown, 5Y -42.9%-23.4%-37.7% -25.4%
From 52-week high -6.3%-3.5%-17.5% -0.9%
52-week high $46.51$241.83$107.34 $779.14
52-week low $33.54$197.73$74.97 $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.

MultipleGFLRSGCWST
P/E now vs peer median -71.8xmedian 31.3x 32.8xmedian 31.3x 987.3xmedian 31.3x
P/S now vs peer median 2.3xmedian 3.1x 4.2xmedian 3.1x 2.8xmedian 3.1x
EV/EBITDA now vs peer median 4.9xmedian 14.3x 16.0xmedian 14.3x 17.5xmedian 14.3x
P/FCF now vs peer median 5.6xmedian 16.9x 26.9xmedian 16.9x 52.5xmedian 16.9x
P/B now vs peer median 1.4xmedian 2.7x 5.9xmedian 2.7x 3.5xmedian 2.7x
PEG now vs peer median 1.01median 2.37 2.59median 2.37 -19.39median 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 monthsGFLRSGCWST
Revenue – $16.89B $1.96B
Gross profit – $7.09B $653.52M
Operating income $1.72B $3.37B $66.07M
Net income -$385.60M $2.19B $5.70M
Free cash flow $2.88B $2.65B $105.67M
EPS (diluted) $-0.59 $7.10 $0.09
Cash & equivalents $296.50M $107.00M $25.54M
Total debt $14.20M $14.07B $1.36B
Shares (diluted) 378.69M 307.63M 63.69M
Enterprise value $14.35B $71.11B $4.67B

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
MetricGFLRSGCWST
P/E -71.8x 32.8x 987.3x
P/FCF 5.6x 26.9x 52.5x
P/Operating cash flow 9.4x 15.7x 15.8x
P/S 2.3x 4.2x 2.8x
P/B 1.4x 5.9x 3.5x
P/Tangible book 1.7x 6.3x 4.5x
EV/EBITDA 4.9x 16.0x 17.5x
EV/EBIT 9.2x 25.4x 104.2x
EV/Revenue – 5.1x 3.5x
EV/FCF 5.5x 32.2x 65.2x
EV/Operating cash flow 9.3x 18.8x 19.6x
PEG (3Y EPS CAGR) 1.01 2.59 -19.39

Growth

14 metrics
MetricGFLRSGCWST
Revenue growth (1Y) – 3.2% 13.6%
Revenue CAGR (3Y) – 5.4% 20.4%
Gross profit growth (1Y) – 2.5% 12.6%
Gross profit CAGR (3Y) – 7.8% 20.0%
Operating income growth (1Y) -0.2% 1.6% 1.1%
Operating income CAGR (3Y) -7.1% 9.1% -8.5%
Net income growth (1Y) -110.8% 2.9% -48.4%
Net income CAGR (3Y) -45.6% 11.5% -47.8%
EPS growth (1Y) -106.3% 4.9% -48.5%
EPS CAGR (3Y) -70.7% 12.7% -50.9%
Operating cash flow growth (1Y) 25.2% 9.2% 2.9%
Operating cash flow CAGR (3Y) -1.6% 10.2% 19.0%
Free cash flow growth (1Y) 11.5% 12.6% 16.1%
Free cash flow CAGR (3Y) 0.2% 12.3% 8.9%

Profitability

14 metrics
MetricGFLRSGCWST
Gross margin – 42.0% 33.4%
EBITDA margin – 31.7% 20.1%
Operating margin – 19.9% 3.4%
Pretax margin – 15.2% 0.5%
Net margin – 12.9% 0.3%
FCF margin – 15.7% 5.4%
Operating cash flow margin – 26.9% 18.0%
Return on equity -4.0% 18.2% 0.4%
Return on assets -1.5% 6.3% 0.2%
Return on invested capital 9.7% 11.0% 1.5%
Return on capital employed 7.6% 10.9% 2.1%
Asset turnover – 0.5x 0.6x
Cash conversion (OCF / net income) -4.4x 2.1x 61.6x
Stock comp / revenue – – 0.7%

Financial Health

11 metrics
MetricGFLRSGCWST
Debt / assets 0.0% 40.0% 38.3%
Debt / equity 0.0x 1.2x 0.9x
Net debt / EBITDA -0.1x 2.6x 3.4x
Debt / FCF 0.0x 5.3x 12.9x
Liabilities / assets 59.0% 65.8% 55.6%
Equity / assets 41.0% 34.2% 44.4%
Interest coverage 2.8x 5.7x 1.0x
Current ratio 0.9x 0.6x 1.0x
Quick ratio 0.8x 0.6x 0.8x
Cash ratio 0.1x 0.0x 0.1x
Altman Z-score – 3.08 2.24

Shareholder Returns

7 metrics
MetricGFLRSGCWST
Dividend yield 0.2% 1.1% –
Net buyback yield – 2.1% –
Shareholder yield 0.2% 3.2% –
Payout ratio (earnings) – 34.8% –
Payout ratio (FCF) – 28.7% –
Dividend growth (1Y) – 6.9% –
Dividend CAGR (3Y) – 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.

ConsensusGFLRSGCWST
Forward P/E 70.3xFY2026 31.3xFY2026 68.6xFY2026
EPS, next fiscal year $0.62FY2026 $7.45FY2026 $1.29FY2026
EPS growth, next FY +12.7%FY2026 +6.1%FY2026 +1.6%FY2026
EPS growth, the year after +27.4% +5.9% +16.3%
Revenue, next fiscal year $6.10BFY2026 $16.61BFY2026 $2.05BFY2026
Revenue growth, next FY +26.5%FY2026 +0.1%FY2026 +11.6%FY2026
Revenue growth, the year after +22.3% +15.6% +7.1%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersGFLRSGCWST
Held by institutions 74.8% 58.9% 100.0%
Institutions holding 323 1,303 415
Change in shares held, QoQ +10.3% +0.5% +4.2%
Institutions buying 185 623 231
Institutions selling 101 484 127
Buyers to sellers 1.83 1.29 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.

GFLRSGCWST
GFL 1.00 0.41 0.40
RSG 0.41 1.00 0.51
CWST 0.40 0.51 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, GFL, RSG and CWST?

Republic Services (RSG) is the largest by market capitalisation: GFL Environmental (GFL) $16.16B, Republic Services (RSG) $71.49B, Casella Waste Systems (CWST) $5.55B.

Which stock is cheaper, GFL, RSG and CWST?

Republic Services (RSG) trades on the lowest price-to-earnings ratio (GFL Environmental (GFL) -71.8x, Republic Services (RSG) 32.8x, Casella Waste Systems (CWST) 987.3x). On next year's consensus earnings, Republic Services (RSG) is cheapest (GFL Environmental (GFL) 70.3x, Republic Services (RSG) 31.3x, Casella Waste Systems (CWST) 68.6x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Casella Waste Systems (CWST) grew revenue fastest over the trailing twelve months: Republic Services (RSG) +3.2%, Casella Waste Systems (CWST) +13.6%.

Which company is more profitable?

Republic Services (RSG) has the highest net margin (Republic Services (RSG) 12.9%, Casella Waste Systems (CWST) 0.3%). On return on invested capital, Republic Services (RSG) leads (GFL Environmental (GFL) 9.7%, Republic Services (RSG) 11.0%, Casella Waste Systems (CWST) 1.5%).

Which stock has performed better?

Over the past year Republic Services (RSG) returned the most: GFL Environmental (GFL) -3.4%, Republic Services (RSG) +7.2%, Casella Waste Systems (CWST) +0.7%. Over five years, Republic Services (RSG) compounded fastest (GFL Environmental (GFL) +1.2%/yr, Republic Services (RSG) +11.7%/yr, Casella Waste Systems (CWST) +0.4%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Republic Services (RSG) has the highest dividend yield: GFL Environmental (GFL) 0.18%, Republic Services (RSG) 1.09%. Casella Waste Systems (CWST) pays no regular dividend.

Which stock is riskier?

By one-year price volatility, Republic Services (RSG) has been the steadiest (GFL Environmental (GFL) 29.2%, Republic Services (RSG) 20.3%, Casella Waste Systems (CWST) 37.5%). Volatility measures how widely the price swings, not the risk of the business.

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

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Republic Services (RSG) leads on 9. 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.