GFL Environmental (GFL) Return on Invested Capital [ROIC] (2019 - 2025)
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] (2019 - 2025) 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 (Yr) |
|---|---|---|---|---|---|
| 1 | Waste Management | 94.39 Bn | 93.32 Bn | 2.75 Bn | 10.47% |
| 2 | Republic Services | 75.41 Bn | 75.02 Bn | 1.90 Bn | 10.96% |
| 3 | Waste Connections | 47.83 Bn | 47.48 Bn | 1.14 Bn | 7.86% |
| 4 | GFL Environmental | 15.73 Bn | 15.73 Bn | 304.74 Mn | 13.37% |
| 5 | Clean Harbors | 15.30 Bn | 12.64 Bn | 661.44 Mn | 9.17% |
| 6 | Casella Waste Systems | 5.92 Bn | 5.24 Bn | 184.65 Mn | 1.41% |
| 7 | Onterris | 832.01 Mn | 777.91 Mn | 88.27 Mn | 0.00% |
| 8 | Enviri | 710.17 Mn | 67.28 Mn | -162.22 Mn | - |
| 9 | Oio | 619.48 Mn | 617.91 Mn | - | -24.73% |
| 10 | Perma Fix Environmental Services | 328.26 Mn | 221.00 Mn | 552,000.00 | -20.11% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Dec 31, 2025 | 13.37% |
| Dec 31, 2024 | 3.97% |
| Dec 31, 2023 | 2.44% |
| Dec 31, 2022 | 5.85% |
| Dec 31, 2021 | 7.24% |
| Dec 31, 2020 | -2.40% |
| Dec 31, 2019 | -1.33% |
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-annual&ticker=GFL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-invested-capital-[roic]-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-invested-capital-%5Broic%5D-annual&ticker=GFL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();