GFL Environmental (GFL) Operating Expenses (2019 - 2026)
GFL Environmental (GFL) reported Operating Expenses of $400.6 million for Q1 2026, up 1.67% year-over-year from $394.0 million in Q1 2025, and down 25.6% quarter-over-quarter from $538.4 million in Q4 2025.
GFL Environmental (GFL) Operating Expenses (2019 - 2026) Analysis & Trends
GFL Environmental (GFL) has 8 years of Operating Expenses data on file, last reported at $400.6 million in Q1 2026.
- Operating Expenses for Q1 2026 came in at $400.6 million, up 1.67% year-over-year; the trailing twelve-month figure through Mar 2026 was $1.2 billion (down 25.89% YoY), and the FY2025 annual result was $4.5 billion, down 14.54% from the prior year.
- Operating Expenses fell to $400.6 million in Q1 2026 per GFL's latest filing, from $538.4 million in the prior quarter.
- Over five years, Operating Expenses peaked at $589.5 million in Q4 2023 and troughed at $128.4 million in Q1 2022.
- A 5-year average of $341.8 million and a median of $394.0 million in 2025 frame the typical range for Operating Expenses.
- The sharpest annual moves came in 2022 and 2023: Operating Expenses tumbled 62.5% in 2022, then surged 220.14% in 2023.
- A 5-year view of Operating Expenses shows it stood at $418.9 million in 2022, then surged by 40.72% to $589.5 million in 2023, then dropped by 13.94% to $507.3 million in 2024, then climbed by 6.13% to $538.4 million in 2025, then slipped by 25.6% to $400.6 million in 2026.
- Business Quant data shows GFL's Operating Expenses at $400.6 million in Q1 2026, $538.4 million in Q4 2025, and $147.7 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | GFL Environmental | 252.38 Bn | 252.50 Bn | 218.62 Mn | 400.55 Mn |
| 2 | Waste Connections | 40.24 Bn | 40.13 Bn | 1.01 Bn | 518.60 Mn |
| 3 | Clean Harbors | 15.26 Bn | 14.59 Bn | 445.42 Mn | 207.14 Mn |
| 4 | Casella Waste Systems | 5.57 Bn | 5.43 Bn | 148.40 Mn | 452.47 Mn |
| 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 | 35.14 Mn |
| 8 | Waste Management | 198.93 Mn | 41.93 Mn | 2.53 Bn | -22.00 Mn |
| 9 | Perma Fix Environmental Services | 184.86 Mn | 164.86 Mn | -2.88 Mn | 4.60 Mn |
| 10 | One & one Green Technologies | 144.62 Mn | 143.66 Mn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 400.55 Mn |
| Dec 31, 2025 | 538.40 Mn |
| Sep 30, 2025 | 147.72 Mn |
| Jun 30, 2025 | 161.09 Mn |
| Mar 31, 2025 | 393.97 Mn |
| Dec 31, 2024 | 507.30 Mn |
| Sep 30, 2024 | 362.64 Mn |
| Jun 30, 2024 | 419.84 Mn |
| Mar 31, 2024 | 171.21 Mn |
| Dec 31, 2023 | 589.50 Mn |
| Sep 30, 2023 | 493.63 Mn |
| Jun 30, 2023 | 373.42 Mn |
| Mar 31, 2023 | 410.46 Mn |
| Dec 31, 2022 | 418.91 Mn |
| Sep 30, 2022 | 154.19 Mn |
| Jun 30, 2022 | 139.93 Mn |
| Mar 31, 2022 | 128.45 Mn |
| Dec 31, 2021 | 456.96 Mn |
| Sep 30, 2021 | 129.41 Mn |
| Jun 30, 2021 | 116.09 Mn |