Clean Harbors (CLH) Net Margin (2009 - 2026)
Clean Harbors' Net Margin was 11.13% in Q3 2026, up 3.46 percentage points from 7.67% a year earlier and up 1.31 percentage points from the prior quarter.
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Analysis
Clean Harbors (CLH) Net Margin (2009 - 2026) Analysis & Trends
On a trailing twelve-month basis, Clean Harbors' Net Margin was 8.05% through Sep 30, 2026, up 1.54 percentage points year-over-year; for FY2025, it came in at 6.48%, down 0.35 percentage points from FY2024.
- Net Margin has now declined for three consecutive years, though with a five-year change of +2.19 percentage points (FY2020 to FY2025).
- In earlier years, Net Margin was 6.83% in FY2024 (-0.16 pp), 6.99% in FY2023 (-0.98 pp), 7.97% in FY2022 (+2.63 pp) and 5.34% in FY2021 (+1.05 pp).
- The Q3 2026 figure marks the highest quarterly Net Margin since Q4 2017.
- Compared with a year earlier, Net Margin has increased for three straight quarters, with an average year-over-year change of +0.32 percentage points over the last eight quarters.
- The best year-over-year quarter for Net Margin over five years was Q2 2022 (a gain of 3.68 percentage points); the worst was Q3 2023 (a drop of 3.27 percentage points).
- Per Business Quant data, CLH's Net Margin in the three quarters before Q3 2026 was 9.82% (Q2 2026), 4.33% (Q1 2026) and 5.77% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Waste Management | 94.52 Bn | 93.36 Bn | 2.75 Bn | 11.98% |
| 2 | Republic Services | 75.60 Bn | 75.21 Bn | 1.90 Bn | 12.99% |
| 3 | Waste Connections | 47.74 Bn | 47.38 Bn | 1.14 Bn | 13.62% |
| 4 | GFL Environmental | 16.98 Bn | 14.99 Bn | - | - |
| 5 | Clean Harbors | 15.14 Bn | 12.48 Bn | 661.44 Mn | 11.13% |
| 6 | Casella Waste Systems | 6.31 Bn | 5.43 Bn | 178.80 Mn | 0.69% |
| 7 | Onterris | 829.12 Mn | 775.01 Mn | 88.27 Mn | 4.43% |
| 8 | Perma Fix Environmental Services | 330.79 Mn | 223.53 Mn | 552,000.00 | -19.29% |
| 9 | Comstock | 147.04 Mn | 6.26 Mn | -606,061.00 | -205.16% |
| 10 | Deep Isolation Nuclear | 109.56 Mn | 109.56 Mn | 707,000.00 | -230.17% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 11.13% |
| Jun 30, 2026 | 9.82% |
| Mar 31, 2026 | 4.33% |
| Dec 31, 2025 | 5.77% |
| Sep 30, 2025 | 7.67% |
| Jun 30, 2025 | 8.19% |
| Mar 31, 2025 | 4.10% |
| Dec 31, 2024 | 5.87% |
| Sep 30, 2024 | 7.53% |
| Jun 30, 2024 | 8.58% |
| Mar 31, 2024 | 5.07% |
| Dec 31, 2023 | 7.35% |
| Sep 30, 2023 | 6.69% |
| Jun 30, 2023 | 8.28% |
| Mar 31, 2023 | 5.54% |
| Dec 31, 2022 | 6.45% |
| Sep 30, 2022 | 9.96% |
| Jun 30, 2022 | 10.92% |
| Mar 31, 2022 | 3.88% |
| Dec 31, 2021 | 4.38% |
API Access
Clean Harbors Net Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=net-margin&ticker=CLH&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "net-margin", "ticker": "CLH", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=net-margin&ticker=CLH&period=max&api_key=YOUR_API_KEY");
const data = await res.json();