GFL Environmental (GFL) Operating Expenses (2018 - 2026)
GFL Environmental's (GFL) quarterly Operating Expenses came in at $600.1 million in Q2 2026, up 21.35% year-over-year from $494.5 million in Q2 2025, and up 9.25% quarter-over-quarter from $549.3 million in Q1 2026.
Analysis
GFL Environmental (GFL) Operating Expenses (2018 - 2026) Analysis & Trends
GFL Environmental (GFL) has reported Operating Expenses for 9 consecutive years, with $600.1 million the latest figure, recorded in Q2 2026.
- On a quarterly basis, Operating Expenses rose 21.35% year-over-year to $600.1 million in Q2 2026; TTM through Jun 2026 was $2.2 billion, a 6.8% increase from a year earlier, with the FY2025 full-year figure at $4.5 billion, down 14.54% from the prior year.
- Operating Expenses was $600.1 million for Q2 2026 at GFL Environmental, up from $549.3 million in the prior quarter.
- Over five years, Operating Expenses peaked at $1.3 billion in Q4 2022 and troughed at $401.6 million in Q1 2022.
- A 5-year average of $540.2 million and a median of $487.6 million in 2023 frame the typical range for Operating Expenses.
- Across the five-year window, Operating Expenses jumped 176.23% in 2022 and tumbled 53.24% in 2023, its largest moves.
- Over 5 years, Operating Expenses stood at $1.3 billion in 2022, then tumbled by 53.24% to $589.5 million in 2023, then slipped by 13.94% to $507.3 million in 2024, then advanced by 6.13% to $538.4 million in 2025, then grew by 11.46% to $600.1 million in 2026.
- The last three Operating Expenses figures came in at $600.1 million (Q2 2026), $549.3 million (Q1 2026), and $538.4 million (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Waste Management | 86.70 Bn | 86.15 Bn | 2.73 Bn | 5.43 Bn |
| 2 | Republic Services | 68.30 Bn | 68.20 Bn | 1.87 Bn | 448.00 Mn |
| 3 | Waste Connections | 40.78 Bn | 40.69 Bn | 1.08 Bn | 538.77 Mn |
| 4 | GFL Environmental | 15.50 Bn | 15.31 Bn | 385.80 Mn | 600.10 Mn |
| 5 | Casella Waste Systems | 5.77 Bn | 5.74 Bn | 178.80 Mn | 523.78 Mn |
| 6 | Comstock | 230.47 Mn | 230.47 Mn | -896,073.00 | 26.04 Mn |
| 7 | Quest Resource Holding | 30.08 Mn | 29.06 Mn | 10.43 Mn | 20.39 Mn |
| 8 | ReTo Eco-Solutions | 52,556.85 | -5.98 Bn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 600.10 Mn |
| Mar 31, 2026 | 549.30 Mn |
| Dec 31, 2025 | 538.40 Mn |
| Sep 30, 2025 | 479.20 Mn |
| Jun 30, 2025 | 494.50 Mn |
| Mar 31, 2025 | 565.30 Mn |
| Dec 31, 2024 | 507.30 Mn |
| Sep 30, 2024 | 461.90 Mn |
| Jun 30, 2024 | 476.30 Mn |
| Mar 31, 2024 | 462.00 Mn |
| Dec 31, 2023 | 589.50 Mn |
| Sep 30, 2023 | 480.80 Mn |
| Jun 30, 2023 | 501.60 Mn |
| Mar 31, 2023 | 466.30 Mn |
| Dec 31, 2022 | 1.26 Bn |
| Sep 30, 2022 | 457.80 Mn |
| Jun 30, 2022 | 430.90 Mn |
| Mar 31, 2022 | 401.60 Mn |
| Dec 31, 2021 | 456.40 Mn |
| Sep 30, 2021 | 390.40 Mn |