GFL vs RSG vs WBI Stock Comparison

GFL Environmental, Republic Services and WaterBridge Infrastructure Prices as of Oct 29, 2026 Peers: Industry group
GFL GFL Environmental Inc.
$45.02 +6.7% 1M +2.5% 1Y
Market cap
$16.61B
P/E
–
Revenue (TTM)
—
Div. yield
–
Solid Waste Industrials
2 wins
RSG Republic Services, Inc.
$236.28 +11.5% 1M +12.2% 1Y
Market cap
$74.88B
P/E
33.6x
Revenue (TTM)
$17.24B
Div. yield
–
Solid Waste Industrials
5 wins

Head to Head

10 decided of 12

Republic Services leads on 5 of the 12 questions below (Republic Services 5, WaterBridge Infrastructure 3, GFL Environmental 2). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionGFLRSGWBILeader
Larger companyMarket capitalisation $16.61B $74.88B $1.52B RSG
Cheaper on earningsLower P/E, profitable companies only -74.0x 33.6x 31.6x WBI
Cheaper on forward earningsLower price / next fiscal year consensus EPS 72.6x 31.7x 49.8x RSG
Faster revenue growthRevenue growth, trailing twelve months — +4.5% +110.0% WBI
More profitableNet margin, trailing twelve months — — 6.2% –
Better return on capitalReturn on invested capital 9.7% — 3.6% GFL
Less leveragedLower net debt / EBITDA -0.1x — 4.3x GFL
Higher dividend yieldTrailing dividend yield 0.00% 0.00% 0.00% –
Better 1-year returnPrice return, last 12 months +2.5% +12.2% +28.8% WBI
Better 5-year returnAnnualised price return, 5 years +1.8%/yr +11.9%/yr — RSG
Less volatileAnnualised volatility, 1 year 29.3% 20.1% 45.2% RSG
Higher overall scoreMean of the five percentile scores vs peers 55/100 56/100 40/100 RSG

Percentile Scorecard

GFLRSGWBI

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

AxisGFLRSGWBI
Valuation 87 #3 of 16 53 #8 of 16 6 #33 of 35
Growth 15 #12 of 14 31 #10 of 14 100 #1 of 34
Profitability 39 #9 of 14 85 #3 of 14 23 #24 of 31
Financial Health 79 #4 of 15 – 72 #10 of 33
Shareholder Returns – – 0 #31 of 31
Overall 55 56 40
  • GFL ranked among 16 companies in Waste Management
  • RSG ranked among 16 companies in Waste Management
  • WBI ranked among 35 companies in Oil and Gas Midstream

Price Performance

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

Returns

PeriodGFLRSGWBISPY
1 month +6.7%+11.5%+6.9% +0.7%
3 months +8.7%+11.8%-7.6% +3.7%
6 months +12.2%+12.9%+0.7% +7.1%
Year to date +4.8%+11.5%+51.7% +12.8%
1 year +2.5%+12.2%+28.8% +11.9%
3 years +56.0%+60.5%— +85.2%
3 years, per year +16.0%+17.1%— +22.8%
5 years +9.4%+75.5%— +67.6%
5 years, per year +1.8%+11.9%— +10.9%
10 years —+354.6%— +262.0%
10 years, per year —+16.4%— +13.7%

Risk

MeasureGFLRSGWBISPY
Volatility, 1Y 29.3%20.1%45.2% 12.7%
Downside volatility, 1Y 28.2%18.5%47.3% 12.6%
Beta vs S&P 500, 1Y 0.24-0.430.32 1.00
Return / volatility, 1Y 0.090.610.64 0.94
Max drawdown, 5Y -42.9%-23.4%-30.7% -25.4%
From 52-week high -3.2%-2.3%-16.2% -1.2%
52-week high $46.51$241.83$36.22 $779.14
52-week low $33.54$197.73$18.76 $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.

MultipleGFLRSGWBI
P/E now vs peer median -74.2xmedian 30.9x 32.6xmedian 30.9x 30.9xmedian 19.6x
P/S now vs peer median 2.3xmedian 3.2x 4.2xmedian 3.2x 4.8xmedian 2.8x
EV/EBITDA now vs peer median 5.1xmedian 14.0x —median 14.0x 14.4xmedian 11.1x
P/FCF now vs peer median 5.8xmedian 17.3x 24.5xmedian 17.3x -30.6xmedian 16.9x
P/B now vs peer median 1.4xmedian 2.8x 5.9xmedian 2.8x 2.1xmedian 2.4x
PEG now vs peer median 1.05median 2.44 2.75median 2.44 —median 1.68

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 monthsGFLRSGWBI
Revenue – $17.24B $777.97M
Gross profit – – $205.03M
Operating income $1.72B $3.45B $126.63M
Net income -$385.60M $2.23B $53.91M
Free cash flow $2.88B – -$122.30M
EPS (diluted) $-0.59 $7.24 $0.98
Cash & equivalents $296.50M $92.00M $47.62M
Total debt $14.20M – $1.62B
Shares (diluted) 378.69M 307.63M 48.76M
Enterprise value $14.62B $74.88B $1.35B

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
MetricGFLRSGWBI
P/E -74.2x 32.6x 30.9x
P/FCF 5.8x 24.5x -30.6x
P/Operating cash flow 9.7x 16.1x 14.4x
P/S 2.3x 4.2x 4.8x
P/B 1.4x 5.9x 2.1x
P/Tangible book 1.7x 6.3x 4.1x
EV/EBITDA 5.1x – 14.4x
EV/EBIT 9.5x – 42.0x
EV/Revenue – 4.2x 6.8x
EV/FCF 5.7x – -43.5x
EV/Operating cash flow 9.6x 16.1x 20.4x
PEG (3Y EPS CAGR) 1.05 2.75 –

Growth

14 metrics
MetricGFLRSGWBI
Revenue growth (1Y) – 4.5% 110.0%
Revenue CAGR (3Y) – 5.5% –
Gross profit growth (1Y) – – 85.4%
Gross profit CAGR (3Y) – – –
Operating income growth (1Y) -0.2% 4.5% 89.5%
Operating income CAGR (3Y) -7.1% 9.1% –
Net income growth (1Y) -110.8% 5.7% 325.5%
Net income CAGR (3Y) -45.6% 10.8% –
EPS growth (1Y) -106.3% 7.2% –
EPS CAGR (3Y) -70.7% 11.8% –
Operating cash flow growth (1Y) 25.2% 3.8% –
Operating cash flow CAGR (3Y) -1.6% 8.4% –
Free cash flow growth (1Y) 11.5% – –
Free cash flow CAGR (3Y) 0.2% – –

Profitability

14 metrics
MetricGFLRSGWBI
Gross margin – – 26.4%
EBITDA margin – – 47.3%
Operating margin – – 16.3%
Pretax margin – – 7.2%
Net margin – – 6.2%
FCF margin – – -15.7%
Operating cash flow margin – 26.1% 33.5%
Return on equity -4.0% 18.4% 2.9%
Return on assets -1.5% 6.3% 1.4%
Return on invested capital 9.7% – 3.6%
Return on capital employed 7.6% – 3.4%
Asset turnover – 0.5x 0.2x
Cash conversion (OCF / net income) -4.4x 2.0x 4.8x
Stock comp / revenue – – 2.3%

Financial Health

11 metrics
MetricGFLRSGWBI
Debt / assets 0.0% – 41.0%
Debt / equity 0.0x – 0.9x
Net debt / EBITDA -0.1x – 4.3x
Debt / FCF 0.0x – -13.2x
Liabilities / assets 59.0% – 53.6%
Equity / assets 41.0% 34.5% 46.4%
Interest coverage 2.8x – –
Current ratio 0.9x 0.7x 1.5x
Quick ratio 0.8x – 1.5x
Cash ratio 0.1x – 0.3x
Altman Z-score – – 1.40

Shareholder Returns

7 metrics
MetricGFLRSGWBI
Dividend yield 0.2% 1.1% 0.5%
Net buyback yield – – –
Shareholder yield 0.2% 1.1% 0.5%
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.

ConsensusGFLRSGWBI
Forward P/E 72.6xFY2026 31.7xFY2026 49.8xFY2026
EPS, next fiscal year $0.62FY2026 $7.45FY2026 $0.61FY2026
EPS growth, next FY +12.7%FY2026 +6.1%FY2026 –
EPS growth, the year after +27.4% +5.9% +4.9%
Revenue, next fiscal year $6.10BFY2026 $16.61BFY2026 $858.29MFY2026
Revenue growth, next FY +26.5%FY2026 +0.1%FY2026 +8.6%FY2026
Revenue growth, the year after +22.3% +15.6% +19.5%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersGFLRSGWBI
Held by institutions 74.8% 58.9% 100.0%
Institutions holding 323 1,304 164
Change in shares held, QoQ +10.3% +0.5% +29.4%
Institutions buying 185 623 101
Institutions selling 101 485 41
Buyers to sellers 1.83 1.28 2.46

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.

GFLRSGWBI
GFL 1.00 0.41 0.05
RSG 0.41 1.00 0.02
WBI 0.05 0.02 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, GFL, RSG and WBI?

Republic Services (RSG) is the largest by market capitalisation: GFL Environmental (GFL) $16.61B, Republic Services (RSG) $74.88B, WaterBridge Infrastructure (WBI) $1.52B.

Which stock is cheaper, GFL, RSG and WBI?

WaterBridge Infrastructure (WBI) trades on the lowest price-to-earnings ratio (GFL Environmental (GFL) -74.0x, Republic Services (RSG) 33.6x, WaterBridge Infrastructure (WBI) 31.6x). On next year's consensus earnings, Republic Services (RSG) is cheapest (GFL Environmental (GFL) 72.6x, Republic Services (RSG) 31.7x, WaterBridge Infrastructure (WBI) 49.8x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

WaterBridge Infrastructure (WBI) grew revenue fastest over the trailing twelve months: Republic Services (RSG) +4.5%, WaterBridge Infrastructure (WBI) +110.0%.

Which stock has performed better?

Over the past year WaterBridge Infrastructure (WBI) returned the most: GFL Environmental (GFL) +2.5%, Republic Services (RSG) +12.2%, WaterBridge Infrastructure (WBI) +28.8%. Over five years, Republic Services (RSG) compounded fastest (GFL Environmental (GFL) +1.8%/yr, Republic Services (RSG) +11.9%/yr). Returns are price only, before dividends.

Which stock is riskier?

By one-year price volatility, Republic Services (RSG) has been the steadiest (GFL Environmental (GFL) 29.3%, Republic Services (RSG) 20.1%, WaterBridge Infrastructure (WBI) 45.2%). Volatility measures how widely the price swings, not the risk of the business.

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

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 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.