Clean Harbors (CLH)
Market Price (12/24/2025): $239.76 | Market Cap: $12.8 BilSector: Industrials | Industry: Environmental & Facilities Services
Clean Harbors (CLH)
Market Price (12/24/2025): $239.76Market Cap: $12.8 BilSector: IndustrialsIndustry: Environmental & Facilities Services
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 14% | Trading close to highsDist 52W High is -4.2% | Key risksCLH key risks include [1] increased compliance costs and operational adjustments from evolving environmental regulations on hazardous substances and [2] margin compression within its Safety-Kleen Sustainability Solutions segment due to global oil price volatility. |
| Low stock price volatilityVol 12M is 27% | Weak multi-year price returns2Y Excs Rtn is -10% | |
| Megatrend and thematic driversMegatrends include Sustainable Infrastructure, Circular Economy & Recycling, and Sustainable Resource Management. Themes include Waste Management Solutions, Show more. |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 14% |
| Low stock price volatilityVol 12M is 27% |
| Megatrend and thematic driversMegatrends include Sustainable Infrastructure, Circular Economy & Recycling, and Sustainable Resource Management. Themes include Waste Management Solutions, Show more. |
| Trading close to highsDist 52W High is -4.2% |
| Weak multi-year price returns2Y Excs Rtn is -10% |
| Key risksCLH key risks include [1] increased compliance costs and operational adjustments from evolving environmental regulations on hazardous substances and [2] margin compression within its Safety-Kleen Sustainability Solutions segment due to global oil price volatility. |
Why The Stock Moved
Qualitative Assessment
AI Analysis | Feedback
1. Clean Harbors missed Q3 2025 earnings and revenue estimates. The company reported earnings of $2.21 per share, falling short of the Zacks Consensus Estimate of $2.37 per share. Additionally, revenue reached $1.55 billion, missing the consensus estimate of $1.57 billion. This double miss led to a negative market reaction.2. The company revised its full-year 2025 Adjusted EBITDA guidance downward. Management adjusted its full-year 2025 Adjusted EBITDA forecast to a range of $1.155 billion to $1.175 billion, with a midpoint of $1.165 billion. This revised guidance was lower than previous projections and analyst expectations, contributing to investor disappointment.
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Stock Movement Drivers
Fundamental Drivers
The 1.5% change in CLH stock from 9/23/2025 to 12/23/2025 was primarily driven by a 0.6% change in the company's Net Income Margin (%).| 9232025 | 12232025 | Change | |
|---|---|---|---|
| Stock Price ($) | 236.14 | 239.80 | 1.55% |
| Change Contribution By | LTM | LTM | |
| Total Revenues ($ Mil) | 5942.34 | 5962.26 | 0.34% |
| Net Income Margin (%) | 6.48% | 6.51% | 0.59% |
| P/E Multiple | 32.89 | 33.05 | 0.47% |
| Shares Outstanding (Mil) | 53.59 | 53.52 | 0.14% |
| Cumulative Contribution | 1.55% |
Market Drivers
9/23/2025 to 12/23/2025| Return | Correlation | |
|---|---|---|
| CLH | 1.5% | |
| Market (SPY) | 3.7% | 20.2% |
| Sector (XLI) | 2.6% | 27.7% |
Fundamental Drivers
The 3.1% change in CLH stock from 6/24/2025 to 12/23/2025 was primarily driven by a 3.3% change in the company's P/E Multiple.| 6242025 | 12232025 | Change | |
|---|---|---|---|
| Stock Price ($) | 232.65 | 239.80 | 3.07% |
| Change Contribution By | LTM | LTM | |
| Total Revenues ($ Mil) | 5945.21 | 5962.26 | 0.29% |
| Net Income Margin (%) | 6.58% | 6.51% | -1.00% |
| P/E Multiple | 31.98 | 33.05 | 3.35% |
| Shares Outstanding (Mil) | 53.76 | 53.52 | 0.45% |
| Cumulative Contribution | 3.07% |
Market Drivers
6/24/2025 to 12/23/2025| Return | Correlation | |
|---|---|---|
| CLH | 3.1% | |
| Market (SPY) | 13.7% | 21.8% |
| Sector (XLI) | 8.7% | 32.8% |
Fundamental Drivers
The 4.9% change in CLH stock from 12/23/2024 to 12/23/2025 was primarily driven by a 11.6% change in the company's P/E Multiple.| 12232024 | 12232025 | Change | |
|---|---|---|---|
| Stock Price ($) | 228.61 | 239.80 | 4.89% |
| Change Contribution By | LTM | LTM | |
| Total Revenues ($ Mil) | 5797.01 | 5962.26 | 2.85% |
| Net Income Margin (%) | 7.19% | 6.51% | -9.38% |
| P/E Multiple | 29.60 | 33.05 | 11.64% |
| Shares Outstanding (Mil) | 53.95 | 53.52 | 0.80% |
| Cumulative Contribution | 4.89% |
Market Drivers
12/23/2024 to 12/23/2025| Return | Correlation | |
|---|---|---|
| CLH | 4.9% | |
| Market (SPY) | 16.7% | 53.0% |
| Sector (XLI) | 19.1% | 56.4% |
Fundamental Drivers
The 108.9% change in CLH stock from 12/24/2022 to 12/23/2025 was primarily driven by a 101.3% change in the company's P/E Multiple.| 12242022 | 12232025 | Change | |
|---|---|---|---|
| Stock Price ($) | 114.78 | 239.80 | 108.92% |
| Change Contribution By | LTM | LTM | |
| Total Revenues ($ Mil) | 5007.99 | 5962.26 | 19.05% |
| Net Income Margin (%) | 7.55% | 6.51% | -13.76% |
| P/E Multiple | 16.42 | 33.05 | 101.26% |
| Shares Outstanding (Mil) | 54.11 | 53.52 | 1.10% |
| Cumulative Contribution | 108.90% |
Market Drivers
12/24/2023 to 12/23/2025| Return | Correlation | |
|---|---|---|
| CLH | 35.7% | |
| Market (SPY) | 48.4% | 52.1% |
| Sector (XLI) | 42.3% | 57.3% |
Price Returns Compared
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| CLH Return | -11% | 31% | 14% | 53% | 32% | 4% | 179% |
| Peers Return | � | 32% | -16% | 40% | 25% | 7% | � |
| S&P 500 Return | 16% | 27% | -19% | 24% | 23% | 17% | 114% |
Monthly Win Rates [3] | |||||||
| CLH Win Rate | 50% | 75% | 42% | 75% | 58% | 67% | |
| Peers Win Rate | 55% | 62% | 38% | 53% | 60% | 53% | |
| S&P 500 Win Rate | 58% | 75% | 42% | 67% | 75% | 73% | |
Max Drawdowns [4] | |||||||
| CLH Max Drawdown | -63% | -2% | -17% | -3% | -7% | -21% | |
| Peers Max Drawdown | � | -6% | -26% | -4% | -4% | -10% | |
| S&P 500 Max Drawdown | -31% | -1% | -25% | -1% | -2% | -15% | |
[1] Cumulative total returns since the beginning of 2020
[2] Peers: RSG, WM, WCN, GFL, PESI. See CLH Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2025 data is for the year up to 12/23/2025 (YTD)
How Low Can It Go
| Event | CLH | S&P 500 |
|---|---|---|
| 2022 Inflation Shock | ||
| % Loss | -29.3% | -25.4% |
| % Gain to Breakeven | 41.4% | 34.1% |
| Time to Breakeven | 57 days | 464 days |
| 2020 Covid Pandemic | ||
| % Loss | -64.5% | -33.9% |
| % Gain to Breakeven | 181.8% | 51.3% |
| Time to Breakeven | 343 days | 148 days |
| 2018 Correction | ||
| % Loss | -35.0% | -19.8% |
| % Gain to Breakeven | 53.8% | 24.7% |
| Time to Breakeven | 92 days | 120 days |
| 2008 Global Financial Crisis | ||
| % Loss | -50.4% | -56.8% |
| % Gain to Breakeven | 101.6% | 131.3% |
| Time to Breakeven | 644 days | 1,480 days |
Compare to WM, RSG, ACM, CWST, YDDL
In The Past
Clean Harbors's stock fell -29.3% during the 2022 Inflation Shock from a high on 11/2/2021. A -29.3% loss requires a 41.4% gain to breakeven.
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Clean Harbors, Inc. provides environmental and industrial services in North America. The company operates through two segments, Environmental Services and Safety-Kleen Sustainability Solutions. The Environmental Services segment collects, transports, treats, and disposes hazardous and non-hazardous waste, such as resource recovery, physical treatment, fuel blending, incineration, landfill disposal, wastewater treatment, lab chemicals disposal, and explosives management services; and CleanPack services, including collection, identification, categorization, specialized packaging, transportation, and disposal of laboratory chemicals and household hazardous waste. This segment also provides industrial maintenance and specialty industrial services, and utilizes specialty equipment and resources that performs field services. The Safety-Kleen Sustainability Solutions segment offers specially designed parts washers; automotive and industrial cleaning products, such as antifreeze, windshield washer fluid, degreasers, glass and floor cleaners, hand cleaners, absorbents, mats, and spill kits; pickup and transportation services for hazardous and non-hazardous containerized waste for recycling or disposal; and vacuum services to remove solids, residual oily water and sludge, and other fluids from customers oil/water separators, sumps, and collection tanks, as well as remove and collect waste fluids found at metal fabricators, auto maintenance providers, and general manufacturers. This segment also manufactures, formulates, packages, distributes, and markets lubricants; and provides containerized waste, vacuum services, used motor oil collection, and contract blending and packaging services. Clean Harbors, Inc. was incorporated in 1980 and is headquartered in Norwell, Massachusetts.
AI Analysis | Feedback
Here are 1-2 brief analogies for Clean Harbors (CLH):
- Waste Management for hazardous waste and industrial services.
- Halliburton for environmental cleanup and industrial solutions.
AI Analysis | Feedback
- Hazardous Waste Management: Provides comprehensive services for the collection, transportation, treatment, recycling, and disposal of hazardous and non-hazardous waste materials.
- Environmental Field Services: Offers on-site environmental solutions including emergency response, site remediation, and industrial cleaning and maintenance for various industries.
- Safety-Kleen Oil Re-refining: Collects used lubricating oils and re-refines them into high-quality new base and finished lubricating oils.
- Safety-Kleen Parts Cleaning: Supplies specialized equipment and solvents for parts cleaning, along with associated waste management and recycling services.
AI Analysis | Feedback
Clean Harbors (CLH) Major Customers
Clean Harbors (CLH) primarily sells its environmental, energy, and industrial services to other companies and governmental agencies, making it a business-to-business (B2B) service provider. It does not sell primarily to individuals.
Due to the diverse nature of its client base, which spans a majority of Fortune 500 companies, thousands of smaller private entities, and numerous federal, state, and local governmental agencies, specific individual "major customers" (i.e., named companies that account for a significant portion of CLH's total revenue, typically 10% or more) are generally not disclosed in public filings. Clean Harbors' revenue is diversified across a broad spectrum of clients.
Therefore, its "major customers" can be best described by the industries and types of organizations it serves:
- Manufacturing Companies: These include businesses in various sectors such as automotive, chemicals, pharmaceuticals, consumer goods, and heavy industry. They rely on Clean Harbors for waste management, facility decommissioning, industrial cleaning, and environmental compliance services.
- Energy Sector Companies: This category encompasses companies involved in oil and gas exploration, production, refining, and power generation. Clean Harbors provides services like oilfield services, waste processing, emergency response, and facility maintenance.
- Chemical Companies: A significant portion of Clean Harbors' business involves handling and disposing of hazardous waste, making chemical manufacturers key customers for specialized hazardous waste management, transportation, and disposal services.
- Healthcare Facilities: Hospitals, laboratories, and other healthcare providers utilize Clean Harbors for the safe disposal of medical, pharmaceutical, and other regulated waste.
- Government Agencies: Federal, state, and local governmental bodies contract Clean Harbors for environmental cleanups, waste management, emergency response services, and infrastructure maintenance.
- Utilities: Including water, electric, and gas utilities, which require services for waste management, environmental compliance, and infrastructure-related industrial services.
- Retail and Commercial Businesses: Various large-scale retail chains and commercial enterprises engage Clean Harbors for waste management solutions, industrial services, and environmental support.
These categories encompass a vast number of public and private companies, including many Fortune 500 entities, which rely on Clean Harbors for critical environmental and industrial services. Since specific public companies are not individually named as major customers by CLH due to the diversification of its client base, we cannot list their symbols.
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Michael L. Battles, Co-Chief Executive Officer
Mr. Battles was appointed Co-Chief Executive Officer and Co-President of Clean Harbors in March 2023. Prior to this, he served for seven years as the Company's Executive Vice President and Chief Financial Officer. He joined Clean Harbors in September 2013 as Senior Vice President, Corporate Controller and Chief Accounting Officer. Before joining Clean Harbors, Mr. Battles held various senior financial positions at PerkinElmer Inc., a global leader in human and environmental health, including financial leadership of its Human Health business, Chief Accounting Officer, and acting Chief Financial Officer. Earlier in his career, he worked for Deloitte & Touche LLP in the firm's audit function. Mr. Battles is also a member of the board of directors of Casella Waste Systems, Inc.
Eric W. Gerstenberg, Co-Chief Executive Officer
Mr. Gerstenberg was named Co-Chief Executive Officer and Co-President of Clean Harbors in March 2023, after serving for eight years as the Company's Chief Operating Officer. He joined Clean Harbors in 1989 and has held a variety of positions of increasing responsibility, including President of the Environmental, Industrial & Field Services business, Vice President of Disposal Services, and Executive Vice President, Environmental Services. He briefly served as Vice President of Operations for privately owned Pollution Control Industries from 1997 to 1999 before returning to Clean Harbors.
Eric J. Dugas, Executive Vice President and Chief Financial Officer
Mr. Dugas was appointed Executive Vice President and Chief Financial Officer of Clean Harbors in March 2023. He previously served for five years as Senior Vice President, Finance and Chief Accounting Officer. Mr. Dugas joined Clean Harbors in March 2014 as the Director of External Reporting and Technical Accounting. Before joining Clean Harbors, he spent 13 years with Deloitte & Touche LLP, holding several positions of increasing management responsibility.
Alan S. McKim, Founder, Executive Chairman and Chief Technology Officer
Mr. McKim founded Clean Harbors in 1980. He became Executive Chairman and Chief Technology Officer of the Company in March 2023 as part of a planned transition. Prior to this, he served as Chairman of the Board of Directors and Chief Executive Officer of the Company since its inception. Mr. McKim is recognized as an industry leader with over four decades in the environmental services business.
Brian P. Weber, Executive Vice President and President of Safety-Kleen Sustainability Solutions
Mr. Weber was named Executive Vice President and President of Safety-Kleen Sustainability Solutions in March 2023. Before this role, he served as the Company's Executive Vice President, Corporate Planning and Development. Mr. Weber joined Clean Harbors in 1990 and has held a variety of senior management positions, including Senior Vice President of Transportation, Vice President of CleanPack Services, and Vice President, Technical Services.
AI Analysis | Feedback
The key risks to Clean Harbors' (CLH) business are primarily centered around regulatory and environmental factors, economic cyclicality, and volatility within its Safety-Kleen Sustainability Solutions segment.
- Regulatory and Environmental Uncertainty: Clean Harbors operates in a highly regulated industry, meaning evolving environmental laws and regulations, particularly concerning hazardous waste and substances like PFAS, pose a significant risk. Changes in these rules can necessitate substantial new investments, operational adjustments, increased compliance costs, and potential fines, directly impacting the company's financial results.
- Cyclical End-Market Exposure: The company's revenue is closely tied to the performance of various industrial and manufacturing sectors, including oil and gas and automotive. Economic downturns or slowdowns in these key end-markets can lead to reduced demand for Clean Harbors' environmental services, affecting volumes and pricing power in both its Environmental Services and Safety-Kleen segments. For instance, the manufacturing sector's contraction has previously led to revenue reductions for the company.
- Volatility in the Safety-Kleen Sustainability Solutions (SKSS) Segment: The SKSS segment, which focuses on collecting, re-refining, and recycling used oil, is particularly sensitive to fluctuations in global oil prices and lubricant demand. This commodity price volatility can result in compressed margins, reduced profitability, and increased operating costs within this segment, thereby impacting the company's overall financial performance.
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The rapid development and scaling of advanced chemical recycling and waste-to-energy technologies, particularly for difficult-to-treat hazardous waste streams and mixed industrial plastics, pose a clear emerging threat. These technologies aim to convert waste into valuable products or energy, thereby diverting significant volumes away from traditional incineration and hazardous waste landfills—core disposal services for Clean Harbors. As these technologies mature and become more economically viable and widely adopted, they could directly reduce the demand for Clean Harbors' established disposal infrastructure and services.
AI Analysis | Feedback
Clean Harbors (symbol: CLH) operates primarily in environmental and industrial services across North America, with its main offerings categorized into Environmental Services and Safety-Kleen Sustainability Solutions.Addressable Markets for Main Products or Services:
* North America Solid Waste Management Market: This market is a significant addressable market for Clean Harbors' Environmental Services segment, which includes hazardous and non-hazardous waste management, collection, transportation, treatment, and disposal services. The North America Solid Waste Management Market is estimated to reach approximately USD 76.28 billion in 2025 and is projected to grow at a Compound Annual Growth Rate (CAGR) of 3.12% to reach USD 88.95 billion by 2030. Hazardous waste services within this market are expected to show strong growth at a 3.35% CAGR. * Global Storm Water Cleaning Services Market: While a smaller component, Clean Harbors is a key player in this market in North America. The global storm water cleaning services market is projected to grow from USD 3.7 billion in 2025 to USD 5.2 billion by 2035, with a CAGR of 3.5%. Clean Harbors is noted for its dominance in industrial compliance and hazardous cleaning operations in North America within this sector. The market size for Clean Harbors' Safety-Kleen Sustainability Solutions segment, which focuses on used oil re-refining and recycling, and providing parts washers and environmental services to commercial, industrial, and automotive customers in North America, could not be specifically identified and sized with the provided information.AI Analysis | Feedback
Clean Harbors (CLH) is expected to drive future revenue growth over the next two to three years through several key initiatives and market trends:
- Expansion in Environmental Services and Incineration Capacity: The Environmental Services segment, which constitutes approximately 84% of total revenue, is a primary growth engine. This growth is anticipated from continued strong demand for waste collection, disposal services, and remediation projects. A significant contributor is the ramp-up of facilities like the Kimball incinerator, which began processing hazardous waste in December and is expected to optimize volumes and mix over the next 12-18 months, adding meaningful capacity and driving margin expansion.
- Growth in PFAS Remediation Market: The escalating regulatory landscape and increasing urgency surrounding the management and destruction of per- and polyfluoroalkyl substances (PFAS) present a substantial market opportunity. Clean Harbors is uniquely positioned with end-to-end PFAS destruction capabilities, allowing it to capture significant long-term revenue as new governmental and corporate standards are implemented.
- Strategic Pricing and Operational Efficiency: The company's ability to implement pricing improvements across its services and maintain disciplined operational efficiency is a consistent driver of revenue and margin expansion. This includes greater overall volumes within its disposal and recycling assets, strong labor management, and efficient utilization of its facilities, such as high incinerator utilization rates.
- Benefits from Reshoring and Industrial Investments: The ongoing trend of reshoring manufacturing and substantial planned industrial investments within the United States are projected to create increased demand for Clean Harbors' industrial services. Customers expanding production and breaking ground on new facilities contribute to a robust pipeline for the company's offerings.
- Strategic Acquisitions and Technology Investments: Recent acquisitions, such as HEPACO (acquired in 2024) and Noble Oil, have contributed to revenue growth and expanded the company's technical capabilities. Clean Harbors also continues to make strategic capital investments, including the new Solvent De-Asphalting (SDA) unit, which is expected to enhance the Safety-Kleen Sustainability Solutions segment and generate incremental EBITDA upon its commercialization.
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Share Repurchases
- Clean Harbors authorized a $500 million expansion of its existing share repurchase program in December 2023. As of December 1, 2023, approximately $54 million remained from the previous program.
- As of December 7, 2023, the company had repurchased approximately 8.5 million shares at an average price of about $64 per share under its original $600 million stock repurchase plan.
- The company conducted $50 million in share repurchases during Q3 2025.
Share Issuance
- No significant share issuances by the company have been identified within the last 3-5 years.
Inbound Investments
- No significant inbound investments by third-parties in Clean Harbors have been identified within the last 3-5 years.
Outbound Investments
- Clean Harbors acquired HEPACO, an environmental services provider, for $400 million in cash. The acquisition was announced in February 2024 and completed in March 2024.
- In August 2021, Clean Harbors acquired HydroChemPSC for $1.25 billion.
Capital Expenditures
- Clean Harbors anticipates spending between $345 million and $375 million in capital expenditures in 2025, excluding approximately $15 million allocated for the Phoenix hub project.
- Actual capital expenditures were $422.3 million in 2024, $345.1 million in 2023, and $241.9 million in 2022.
- The company announced a $210 million to $220 million investment for the construction of an SDA Unit, an advanced processing plant expected to launch commercially in 2028 and generate annual EBITDA of $30 million to $40 million.
Latest Trefis Analyses
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| ARTICLES |
Trade Ideas
Select ideas related to CLH. For more, see Trefis Trade Ideas.
| Date | Ticker | Company | Category | Trade Strategy | 6M Fwd Rtn | 12M Fwd Rtn | 12M Max DD |
|---|---|---|---|---|---|---|---|
| 11212025 | CNM | Core & Main | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 17.7% | 17.7% | -1.6% |
| 11212025 | VRRM | Verra Mobility | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 4.4% | 4.4% | -1.2% |
| 11212025 | LII | Lennox International | Dip Buy | DB | P/E OPMDip Buy with Low PE and High MarginBuying dips for companies with tame PE and meaningfully high operating margin | 6.3% | 6.3% | 0.0% |
| 11212025 | ADP | Automatic Data Processing | Monopoly | MY | Getting CheaperMonopoly-Like with P/S DeclineLarge cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple | 2.2% | 2.2% | -1.2% |
| 11212025 | CW | Curtiss-Wright | Quality | Q | Momentum | UpsideQuality Stocks with Momentum and UpsideBuying quality stocks with strong momentum but still having room to run | 6.3% | 6.3% | -0.4% |
Research & Analysis
Invest in Strategies
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Peer Comparisons for Clean Harbors
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 195.38 |
| Mkt Cap | 30.6 |
| Rev LTM | 8,789 |
| Op Inc LTM | 1,207 |
| FCF LTM | 838 |
| FCF 3Y Avg | 779 |
| CFO LTM | 1,931 |
| CFO 3Y Avg | 1,755 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 6.0% |
| Rev Chg 3Y Avg | 8.5% |
| Rev Chg Q | 4.5% |
| QoQ Delta Rev Chg LTM | 1.2% |
| Op Mgn LTM | 14.3% |
| Op Mgn 3Y Avg | 14.8% |
| QoQ Delta Op Mgn LTM | -0.0% |
| CFO/Rev LTM | 20.5% |
| CFO/Rev 3Y Avg | 20.3% |
| FCF/Rev LTM | 8.5% |
| FCF/Rev 3Y Avg | 7.6% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 30.6 |
| P/S | 3.7 |
| P/EBIT | 21.5 |
| P/E | 32.3 |
| P/CFO | 15.2 |
| Total Yield | 3.6% |
| Dividend Yield | 0.4% |
| FCF Yield 3Y Avg | 2.8% |
| D/E | 0.2 |
| Net D/E | 0.2 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | 1.7% |
| 3M Rtn | 1.5% |
| 6M Rtn | -5.2% |
| 12M Rtn | 5.7% |
| 3Y Rtn | 61.4% |
| 1M Excs Rtn | -2.9% |
| 3M Excs Rtn | -2.2% |
| 6M Excs Rtn | -16.8% |
| 12M Excs Rtn | -13.6% |
| 3Y Excs Rtn | -18.7% |
Comparison Analyses
Segment Financials
Revenue by Segment| $ Mil | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Environmental Services | 4,511 | 4,172 | 3,032 | 2,638 | 2,237 |
| Safety-Kleen Sustainability Solutions | 897 | 994 | 773 | 506 | |
| Corporate | 0 | 1 | 0 | 0 | -3 |
| Safety-Kleen | 1,178 | ||||
| Total | 5,409 | 5,167 | 3,806 | 3,144 | 3,412 |
| $ Mil | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Environmental Services | 1,102 | 953 | 660 | 666 | 446 |
| Safety-Kleen Sustainability Solutions | 173 | 306 | 227 | 83 | |
| Kimball startup costs | 0 | ||||
| Accretion of environmental liabilities | -14 | -13 | -12 | -11 | -10 |
| Stock-based compensation | -21 | -27 | -19 | -19 | |
| Corporate Costs | -262 | ||||
| Depreciation and amortization | -366 | -348 | -298 | -293 | -301 |
| Corporate | -237 | -210 | -175 | -188 | |
| Safety-Kleen | 282 | ||||
| Total | 612 | 635 | 348 | 251 | 229 |
| $ Mil | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Environmental Services | 3,218 | ||||
| Accounts receivable, net of all allowances | 983 | ||||
| Safety-Kleen Sustainability Solutions | 735 | ||||
| Cash and cash equivalents | 445 | ||||
| Inventories and supplies | 328 | ||||
| Operating lease right-of-use assets | 187 | ||||
| Corporate | 131 | ||||
| Unbilled accounts receivable | 108 | ||||
| Short-term marketable securities | 106 | ||||
| Prepaid expenses and other current assets | 83 | ||||
| Other long-term assets | 60 | ||||
| Total | 6,383 |
Price Behavior
Price Behavior
| Market Price | $239.80 | |
| Market Cap ($ Bil) | 12.8 | |
| First Trading Date | 03/26/1990 | |
| Distance from 52W High | -4.2% | |
| 50 Days | 200 Days | |
| DMA Price | $226.86 | $225.26 |
| DMA Trend | indeterminate | down |
| Distance from DMA | 5.7% | 6.5% |
| 3M | 1YR | |
| Volatility | 33.5% | 26.9% |
| Downside Capture | 54.78 | 73.02 |
| Upside Capture | 52.41 | 66.45 |
| Correlation (SPY) | 20.3% | 52.9% |
CLH Betas & Captures as of 11/30/2025
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 0.65 | 0.54 | 0.63 | 0.57 | 0.74 | 0.89 |
| Up Beta | 0.58 | 1.84 | 1.89 | 1.57 | 0.88 | 1.01 |
| Down Beta | 1.79 | -0.00 | -0.12 | -0.08 | 0.55 | 0.70 |
| Up Capture | 96% | 26% | 30% | 35% | 48% | 82% |
| Bmk +ve Days | 12 | 25 | 38 | 73 | 141 | 426 |
| Stock +ve Days | 10 | 21 | 31 | 64 | 124 | 403 |
| Down Capture | 23% | 50% | 85% | 64% | 90% | 96% |
| Bmk -ve Days | 7 | 16 | 24 | 52 | 107 | 323 |
| Stock -ve Days | 9 | 20 | 31 | 60 | 123 | 345 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Comparison of CLH With Other Asset Classes (Last 1Y) | |||||||
|---|---|---|---|---|---|---|---|
| CLH | Sector ETF | Equity | Gold | Commodities | Real Estate | Bitcoin | |
| Annualized Return | 2.0% | 20.4% | 18.8% | 72.9% | 9.0% | 3.7% | -11.4% |
| Annualized Volatility | 26.8% | 18.8% | 19.5% | 19.2% | 15.3% | 17.2% | 35.0% |
| Sharpe Ratio | 0.05 | 0.85 | 0.76 | 2.72 | 0.36 | 0.05 | -0.14 |
| Correlation With Other Assets | 55.9% | 52.5% | 9.1% | 16.3% | 50.7% | 31.3% | |
ETFs used for asset classes: Sector ETF = XLI, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
| Comparison of CLH With Other Asset Classes (Last 5Y) | |||||||
|---|---|---|---|---|---|---|---|
| CLH | Sector ETF | Equity | Gold | Commodities | Real Estate | Bitcoin | |
| Annualized Return | 26.9% | 13.8% | 14.8% | 18.9% | 11.8% | 4.7% | 35.5% |
| Annualized Volatility | 28.6% | 17.2% | 17.1% | 15.5% | 18.7% | 18.9% | 48.9% |
| Sharpe Ratio | 0.86 | 0.64 | 0.70 | 0.98 | 0.51 | 0.16 | 0.62 |
| Correlation With Other Assets | 61.0% | 54.0% | 11.0% | 17.1% | 46.3% | 23.7% | |
ETFs used for asset classes: Sector ETF = XLI, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| Comparison of CLH With Other Asset Classes (Last 10Y) | |||||||
|---|---|---|---|---|---|---|---|
| CLH | Sector ETF | Equity | Gold | Commodities | Real Estate | Bitcoin | |
| Annualized Return | 19.3% | 13.5% | 14.8% | 15.1% | 6.8% | 5.4% | 69.1% |
| Annualized Volatility | 34.9% | 19.9% | 18.0% | 14.8% | 17.6% | 20.8% | 55.8% |
| Sharpe Ratio | 0.61 | 0.60 | 0.71 | 0.85 | 0.31 | 0.23 | 0.90 |
| Correlation With Other Assets | 63.0% | 57.4% | 3.4% | 27.2% | 53.1% | 15.0% | |
ETFs used for asset classes: Sector ETF = XLI, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 10/29/2025 | -11.5% | -15.2% | -7.8% |
| 7/30/2025 | -3.1% | 1.5% | 3.1% |
| 4/30/2025 | -0.1% | 3.7% | 5.4% |
| 2/19/2025 | -3.0% | -5.5% | -13.2% |
| 10/30/2024 | -10.7% | -8.4% | -2.2% |
| 7/31/2024 | 6.4% | 2.5% | 7.6% |
| 5/1/2024 | 6.8% | 12.7% | 13.2% |
| 2/21/2024 | -3.2% | -2.5% | 3.2% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 10 | 12 | 13 |
| # Negative | 11 | 9 | 8 |
| Median Positive | 4.2% | 3.4% | 5.4% |
| Median Negative | -4.1% | -8.3% | -7.3% |
| Max Positive | 10.1% | 32.6% | 33.5% |
| Max Negative | -11.5% | -15.2% | -41.9% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 9302025 | 10292025 | 10-Q 9/30/2025 |
| 6302025 | 7302025 | 10-Q 6/30/2025 |
| 3312025 | 4302025 | 10-Q 3/31/2025 |
| 12312024 | 2192025 | 10-K 12/31/2024 |
| 9302024 | 10302024 | 10-Q 9/30/2024 |
| 6302024 | 7312024 | 10-Q 6/30/2024 |
| 3312024 | 5012024 | 10-Q 3/31/2024 |
| 12312023 | 2212024 | 10-K 12/31/2023 |
| 9302023 | 11012023 | 10-Q 9/30/2023 |
| 6302023 | 8022023 | 10-Q 6/30/2023 |
| 3312023 | 5032023 | 10-Q 3/31/2023 |
| 12312022 | 3012023 | 10-K 12/31/2022 |
| 9302022 | 11022022 | 10-Q 9/30/2022 |
| 6302022 | 8032022 | 10-Q 6/30/2022 |
| 3312022 | 5042022 | 10-Q 3/31/2022 |
| 12312021 | 2232022 | 10-K 12/31/2021 |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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