GFL Environmental (GFL) Return on Invested Capital [ROIC] (2021 - 2026)
GFL Environmental (GFL) recorded Return on Invested Capital [ROIC] of 9.71% in Q3 2026, down 10.38 percentage points from 20.08% a year earlier but up 2.18 percentage points from the prior quarter.
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Analysis
GFL Environmental (GFL) Return on Invested Capital [ROIC] (2021 - 2026) Analysis & Trends
For FY2025, GFL Environmental reported Return on Invested Capital [ROIC] of -31.16%, down 28.87 percentage points from FY2024.
- Annual Return on Invested Capital [ROIC] has a five-year change of -28.21 percentage points (FY2020 to FY2025).
- Across earlier years, Return on Invested Capital [ROIC] came in at -2.29% in FY2024 (-2.60 pp), 0.31% in FY2023 (+0.10 pp), 0.21% in FY2022 (+0.82 pp) and -0.60% in FY2021 (+2.35 pp).
- Quarterly Return on Invested Capital [ROIC] has ranged from 0.00% in Q4 2021 to 26.79% in Q2 2022 over the past five years.
- On a year-over-year basis, Return on Invested Capital [ROIC] rose in six of the last eight quarters, with an average year-over-year change of +1.95 percentage points.
- Peak year-over-year performance for Return on Invested Capital [ROIC] in the last five years was a gain of 9.54 percentage points in Q4 2022, against a drop of 11.51 percentage points in Q2 2026 at the low end.
- Per Business Quant, the preceding three quarters came in at 7.52% (Q2 2026), 14.76% (Q1 2026) and 10.80% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROIC (Qtr) |
|---|---|---|---|---|---|
| 1 | Waste Management | 94.16 Bn | 93.00 Bn | 2.75 Bn | 11.38% |
| 2 | Republic Services | 75.40 Bn | 75.01 Bn | 1.90 Bn | 11.13% |
| 3 | Waste Connections | 47.44 Bn | 47.09 Bn | 1.14 Bn | 7.93% |
| 4 | GFL Environmental | 17.02 Bn | 15.03 Bn | - | 9.71% |
| 5 | Clean Harbors | 15.22 Bn | 12.56 Bn | 661.44 Mn | 10.86% |
| 6 | Casella Waste Systems | 6.28 Bn | 5.40 Bn | 178.80 Mn | 1.50% |
| 7 | Onterris | 813.66 Mn | 759.56 Mn | 88.27 Mn | 1.30% |
| 8 | Perma Fix Environmental Services | 328.67 Mn | 221.40 Mn | 552,000.00 | - |
| 9 | Comstock | 149.32 Mn | 8.54 Mn | -606,061.00 | - |
| 10 | Deep Isolation Nuclear | 103.79 Mn | 103.79 Mn | 707,000.00 | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 9.71% |
| Jun 30, 2026 | 7.52% |
| Mar 31, 2026 | 14.76% |
| Dec 31, 2025 | 10.80% |
| Sep 30, 2025 | 20.08% |
| Jun 30, 2025 | 19.03% |
| Mar 31, 2025 | 7.81% |
| Dec 31, 2024 | 6.68% |
| Sep 30, 2024 | 13.76% |
| Jun 30, 2024 | 9.11% |
| Mar 31, 2024 | 0.00% |
| Dec 31, 2023 | 0.00% |
| Mar 31, 2023 | 10.96% |
| Dec 31, 2022 | 9.54% |
| Sep 30, 2022 | 6.30% |
| Jun 30, 2022 | 26.79% |
| Mar 31, 2022 | 19.06% |
| Dec 31, 2021 | 0.00% |
API Access
GFL Environmental Return on Invested Capital [ROIC] 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-invested-capital-%5Broic%5D&ticker=GFL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-invested-capital-[roic]", "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-invested-capital-%5Broic%5D&ticker=GFL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();