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
DateValue
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