GFL Environmental (GFL) Gross Margin (2019 - 2026)
GFL Environmental (GFL) recorded Gross Margin of 19.81% in Q2 2026, down 2.40 percentage points from 22.21% a year earlier.
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Analysis
GFL Environmental (GFL) Gross Margin (2019 - 2026) Analysis & Trends
On a TTM basis, GFL Environmental's Gross Margin came in at 20.26% as of Jun 30, 2026, up 0.54 percentage points year-over-year; for FY2025, it was 20.67%, up 2.28 percentage points from FY2024.
- Annual Gross Margin has increased for four straight years, with a five-year change of +9.18 percentage points (FY2020 to FY2025).
- Across earlier years, Gross Margin came in at 18.39% in FY2024 (+1.50 pp), 16.89% in FY2023 (+5.09 pp), 11.80% in FY2022 (+2.57 pp) and 9.22% in FY2021 (-2.26 pp).
- The Q2 2026 figure is the lowest quarterly Gross Margin since Q4 2024.
- On a year-over-year basis, Gross Margin rose in three of the last four quarters, with an average year-over-year change of +1.26 percentage points.
- Peak year-over-year performance for Gross Margin in the last five years was a gain of 5.58 percentage points in Q4 2023, against a drop of 2.40 percentage points in Q2 2026 at the low end.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Waste Management | 94.39 Bn | 93.32 Bn | 2.75 Bn | 40.21% |
| 2 | Republic Services | 75.41 Bn | 75.02 Bn | 1.90 Bn | 41.59% |
| 3 | Waste Connections | 47.83 Bn | 47.48 Bn | 1.14 Bn | 43.10% |
| 4 | GFL Environmental | 15.73 Bn | 15.73 Bn | 304.74 Mn | 19.79% |
| 5 | Clean Harbors | 15.30 Bn | 12.64 Bn | 661.44 Mn | 35.38% |
| 6 | Casella Waste Systems | 5.92 Bn | 5.24 Bn | 184.65 Mn | 33.02% |
| 7 | Onterris | 832.01 Mn | 777.91 Mn | 88.27 Mn | 43.47% |
| 8 | Enviri | 710.17 Mn | 67.28 Mn | -162.22 Mn | -49.91% |
| 9 | Oio | 619.48 Mn | 617.91 Mn | - | - |
| 10 | Perma Fix Environmental Services | 328.26 Mn | 221.00 Mn | 552,000.00 | 3.08% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 19.79% |
| Jun 30, 2026 | 19.81% |
| Mar 31, 2026 | 18.24% |
| Dec 31, 2025 | 20.02% |
| Sep 30, 2025 | 93.16% |
| Jun 30, 2025 | 22.21% |
| Mar 31, 2025 | 18.43% |
| Dec 31, 2024 | 19.01% |
| Sep 30, 2024 | 19.10% |
| Jun 30, 2024 | 18.39% |
| Mar 31, 2024 | 16.93% |
| Dec 31, 2023 | 16.40% |
| Sep 30, 2023 | 19.22% |
| Jun 30, 2023 | 18.16% |
| Mar 31, 2023 | 13.59% |
| Dec 31, 2022 | 10.82% |
| Sep 30, 2022 | 13.07% |
| Jun 30, 2022 | 13.21% |
| Mar 31, 2022 | 9.69% |
| Dec 31, 2021 | 6.56% |
API Access
GFL Environmental Gross 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=gross-margin&ticker=GFL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "ticker": "GFL", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=gross-margin&ticker=GFL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();