GFL Environmental GFL
NYSE GFL
$41.99 -0.88 (-2.04%)
As of: Sep 9, 2026 · 3:59 PM EDT

GFL Environmental (GFL) Operating Margin (2018 - 2026)

GFL Environmental's (GFL) quarterly Operating Margin came in at 11.0% in Q2 2026, down 369.0% year-over-year from 4.09% in Q2 2025, and up 7.6% quarter-over-quarter from 11.91% in Q4 2025.

Analysis

GFL Environmental (GFL) Operating Margin (2018 - 2026) Analysis & Trends

GFL Environmental (GFL) has reported Operating Margin for 9 consecutive years, with 11.0% the latest figure, recorded in Q2 2026.

  • On a quarterly basis, Operating Margin fell 369.0% year-over-year to 11.0% in Q2 2026; TTM through Jun 2026 was 9.23%, a 145.0% increase from a year earlier, with the FY2025 full-year figure at 75.31%, up 2490.0% from the prior year.
  • Operating Margin was 11.0% for Q2 2026 at GFL Environmental, up from 11.91% in the prior quarter.
  • Over five years, Operating Margin peaked at 6.43% in Q3 2025 and troughed at 58.41% in Q4 2022.
  • A 5-year average of 14.89% and a median of 11.92% in 2022 frame the typical range for Operating Margin.
  • Across the five-year window, Operating Margin plunged 3326 bps in 2022 and jumped 4349 bps in 2023, its largest moves.
  • Over 5 years, Operating Margin stood at 58.41% in 2022, then jumped by 74 bps to 14.91% in 2023, then advanced by 11 bps to 13.28% in 2024, then gained by 10 bps to 11.91% in 2025, then gained by 8 bps to 11.0% in 2026.
  • The last three Operating Margin figures came in at 11.0% (Q2 2026), 11.91% (Q4 2025), and 6.43% (Q3 2025), per Business Quant data.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Operating Margin (Qtr)
1 Waste Management 87.60 Bn 87.04 Bn 2.73 Bn 18.75%
2 Republic Services 68.20 Bn 68.09 Bn 1.87 Bn 20.34%
3 Waste Connections 41.58 Bn 41.48 Bn 1.08 Bn 17.08%
4 GFL Environmental 16.22 Bn 16.21 Bn 385.80 Mn -11.00%
5 Casella Waste Systems 5.86 Bn 5.83 Bn 178.80 Mn 3.67%
6 Comstock 237.73 Mn 241.05 Mn -896,073.00 -9,872.81%
7 Quest Resource Holding 29.11 Mn 28.09 Mn 10.43 Mn -15.55%
8 ReTo Eco-Solutions 765,104.78 -5.97 Bn - -
Historic Data

Historic Data

Download Data
DateValue
Jun 30, 2026 -11.00%
Dec 31, 2025 -11.91%
Sep 30, 2025 -6.43%
Jun 30, 2025 -7.31%
Dec 31, 2024 -13.28%
Sep 30, 2024 -10.62%
Jun 30, 2024 -11.73%
Dec 31, 2023 -14.91%
Jun 30, 2023 -7.65%
Mar 31, 2023 -12.33%
Dec 31, 2022 -58.41%
Sep 30, 2022 -11.93%
Jun 30, 2022 -12.03%
Mar 31, 2022 -18.97%
Dec 31, 2021 -25.15%
Sep 30, 2021 -15.46%
Jun 30, 2021 -20.37%
Mar 31, 2021 -22.89%
Dec 31, 2020 -57.62%
Sep 30, 2020 -11.54%