GFL Environmental (GFL) Return on Capital Employed [ROCE] (2020 - 2025)
GFL Environmental's Return on Capital Employed [ROCE] came in at 7.56% for Q3 2026, down 2.58 percentage points from 10.15% a year earlier and down 1.19 percentage points from the prior quarter.
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Analysis
GFL Environmental (GFL) Return on Capital Employed [ROCE] (2020 - 2025) Analysis & Trends
For FY2025, GFL Environmental's Return on Capital Employed [ROCE] was -27.48%, down 24.75 percentage points from FY2024.
- Return on Capital Employed [ROCE] carries a five-year change of -24.94 percentage points (FY2020 to FY2025).
- Going back by year, Return on Capital Employed [ROCE] was -2.74% in FY2024 (-4.37 pp), 1.63% in FY2023 (+1.26 pp), 0.37% in FY2022 (+0.95 pp) and -0.58% in FY2021 (+1.97 pp).
- The Q3 2026 figure represents the lowest quarterly Return on Capital Employed [ROCE] since Q1 2025.
- Year-over-year, Return on Capital Employed [ROCE] increased in four of the last eight quarters, with an average year-over-year change of +0.25 percentage points.
- The fastest year-over-year change in Return on Capital Employed [ROCE] over five years came in Q4 2025 (a gain of 8.32 percentage points), and the weakest in Q4 2024 (a drop of 8.94 percentage points).
- Business Quant data shows GFL's Return on Capital Employed [ROCE] at 8.76% (Q2 2026), 12.94% (Q1 2026) and 13.73% (Q4 2025) in the three quarters before Q3 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Yr) |
|---|---|---|---|---|---|
| 1 | Waste Management | 94.39 Bn | 93.32 Bn | 2.75 Bn | 10.86% |
| 2 | Republic Services | 75.41 Bn | 75.02 Bn | 1.90 Bn | 11.21% |
| 3 | Waste Connections | 47.83 Bn | 47.48 Bn | 1.14 Bn | 9.32% |
| 4 | GFL Environmental | 15.73 Bn | 15.73 Bn | 304.74 Mn | 11.79% |
| 5 | Clean Harbors | 15.30 Bn | 12.64 Bn | 661.44 Mn | 10.58% |
| 6 | Casella Waste Systems | 5.92 Bn | 5.24 Bn | 184.65 Mn | 2.14% |
| 7 | Onterris | 832.01 Mn | 777.91 Mn | 88.27 Mn | 1.43% |
| 8 | Enviri | 710.17 Mn | 67.28 Mn | -162.22 Mn | - |
| 9 | Oio | 619.48 Mn | 617.91 Mn | - | -29.89% |
| 10 | Perma Fix Environmental Services | 328.26 Mn | 221.00 Mn | 552,000.00 | -16.75% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Dec 31, 2025 | 11.79% |
| Dec 31, 2024 | 4.74% |
| Dec 31, 2023 | 12.74% |
| Dec 31, 2022 | 10.13% |
| Dec 31, 2021 | 6.98% |
| Dec 31, 2020 | -2.55% |
API Access
GFL Environmental Return on Capital Employed [ROCE] API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=return-on-capital-employed-%5Broce%5D-annual&ticker=GFL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-capital-employed-[roce]-annual", "ticker": "GFL", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=return-on-capital-employed-%5Broce%5D-annual&ticker=GFL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();