GFL Environmental (GFL) Operating Margin (2019 - 2026)

GFL Environmental (GFL) reported Operating Margin of 15.18% for Q1 2026, up 263.0% year-over-year from 4.18% in Q1 2025, and down 27.47% quarter-over-quarter from 11.91% in Q4 2025.

GFL Environmental (GFL) Operating Margin (2019 - 2026) Analysis & Trends

GFL Environmental (GFL) has 8 years of Operating Margin data on file, last reported at 15.18% in Q1 2026.

  • Operating Margin for Q1 2026 came in at 15.18%, up 263.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 2.66% (up 510.0% YoY), and the FY2025 annual result was 75.31%, up 2490.0% from the prior year.
  • Operating Margin fell to 15.18% in Q1 2026 per GFL's latest filing, from 11.91% in the prior quarter.
  • Over five years, Operating Margin peaked at 12.39% in Q3 2024 and troughed at 58.28% in Q1 2024.
  • A 5-year average of 11.56% and a median of 12.18% in 2022 frame the typical range for Operating Margin.
  • The sharpest annual moves came in 2023 and 2024: Operating Margin sank 4491 bps in 2023, then surged 5570 bps in 2024.
  • A 5-year view of Operating Margin shows it stood at 12.18% in 2022, then declined by 22 bps to 14.91% in 2023, then climbed by 11 bps to 13.28% in 2024, then advanced by 10 bps to 11.91% in 2025, then dropped by 27 bps to 15.18% in 2026.
  • Business Quant data shows GFL's Operating Margin at 15.18% in Q1 2026, 11.91% in Q4 2025, and 7.16% in Q3 2025.

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
DateValue
Mar 31, 2026 -15.18%
Dec 31, 2025 -11.91%
Sep 30, 2025 7.16%
Jun 30, 2025 8.88%
Mar 31, 2025 -17.81%
Dec 31, 2024 -13.28%
Sep 30, 2024 12.39%
Jun 30, 2024 -17.92%
Mar 31, 2024 -58.28%
Dec 31, 2023 -14.91%
Sep 30, 2023 -43.31%
Jun 30, 2023 -5.69%
Mar 31, 2023 -17.25%
Dec 31, 2022 -12.18%
Sep 30, 2022 1.60%
Jun 30, 2022 2.76%
Mar 31, 2022 -1.52%
Dec 31, 2021 -25.18%
Sep 30, 2021 0.80%
Jun 30, 2021 -2.07%