Clean Harbors (CLH) Operating Margin (2009 - 2026)
Clean Harbors' (CLH) quarterly Operating Margin came in at 8.15% in Q1 2026, up 35.0% year-on-year from 6.04% in Q1 2025, and down 22.87% quarter-over-quarter from 10.57% in Q4 2025.
Clean Harbors (CLH) Operating Margin (2009 - 2026) Analysis & Trends
Clean Harbors has disclosed Operating Margin across 18 years of filings, most recently posting 8.15% for Q1 2026.
- Operating Margin for Q1 2026 came in at 8.15%, up 35.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 11.24% (up 19.0% YoY), and the FY2025 annual result was 11.17%, down 21.0% from the prior year.
- Operating Margin came in at 8.15% for Q1 2026 at Clean Harbors, down from 10.57% in the prior quarter.
- In the past five years, Operating Margin ranged from a high of 15.57% in Q2 2022 to a low of 7.45% in Q1 2022.
- The 5-year median for Operating Margin is 11.01% (2023), against an average of 11.24%.
- Across the five-year window, Operating Margin soared 432 bps in 2022 and sank 404 bps in 2023, its largest moves.
- Clean Harbors' Operating Margin stood at 9.97% in 2022, then grew by 10 bps to 11.01% in 2023, then retreated by 13 bps to 9.57% in 2024, then rose by 10 bps to 10.57% in 2025, then slipped by 23 bps to 8.15% in 2026.
- The last three Operating Margin figures came in at 8.15% (Q1 2026), 10.57% (Q4 2025), and 12.46% (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | GFL Environmental | 252.38 Bn | 252.50 Bn | 218.62 Mn | -15.18% |
| 2 | Waste Connections | 40.24 Bn | 40.13 Bn | 1.01 Bn | 15.36% |
| 3 | Clean Harbors | 15.26 Bn | 14.59 Bn | 445.42 Mn | 8.15% |
| 4 | Casella Waste Systems | 5.57 Bn | 5.43 Bn | 148.40 Mn | 1.06% |
| 5 | Enviri | 1.71 Bn | 1.63 Bn | - | - |
| 6 | Onterris | 613.85 Mn | 602.80 Mn | - | - |
| 7 | American Battery Technology | 425.23 Mn | 386.75 Mn | 737,749.00 | -440.46% |
| 8 | Waste Management | 198.93 Mn | 41.93 Mn | 2.53 Bn | 17.87% |
| 9 | Perma Fix Environmental Services | 184.86 Mn | 164.86 Mn | -2.88 Mn | -67.26% |
| 10 | One & one Green Technologies | 144.62 Mn | 143.66 Mn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 8.15% |
| Dec 31, 2025 | 10.57% |
| Sep 30, 2025 | 12.46% |
| Jun 30, 2025 | 13.57% |
| Mar 31, 2025 | 7.79% |
| Dec 31, 2024 | 9.57% |
| Sep 30, 2024 | 12.57% |
| Jun 30, 2024 | 13.88% |
| Mar 31, 2024 | 9.11% |
| Dec 31, 2023 | 11.01% |
| Sep 30, 2023 | 11.30% |
| Jun 30, 2023 | 13.58% |
| Mar 31, 2023 | 9.25% |
| Dec 31, 2022 | 9.97% |
| Sep 30, 2022 | 15.34% |
| Jun 30, 2022 | 15.57% |
| Mar 31, 2022 | 7.45% |
| Dec 31, 2021 | 7.34% |
| Sep 30, 2021 | 11.02% |
| Jun 30, 2021 | 11.87% |