CLH Stock Analysis: Clean Harbors | NYSE
Waste Management | NYSE, USA | Market Cap: 16.837m USD | 12M Return: 33.2% | US1844961078 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 112M
EPS Trend: 70.4%
Qual. Beats: 1
Rev. Trend: 96.5%
Qual. Beats: 1
Warnings
Tailwinds
Seasonality 11.6 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Clean Harbors, Inc. (NYSE: CLH) is a Norwell, Massachusetts-based provider of environmental and industrial services operating across the United States and Canada. Founded in 1980 and publicly listed since 1987, the company is organized into two reporting segments: Environmental Services, which handles the collection, treatment, recycling, and disposal of hazardous and non-hazardous waste, as well as specialty industrial and field services; and Safety-Kleen Sustainability Solutions, which supplies containerized waste, parts-washer, vacuum, and solvent services primarily to automotive, industrial, and retail customers. The business is capital-intensive and heavily regulated, with operations spanning landfills, incinerators, wastewater treatment plants, and recycling facilities. Its positioning within the Environmental & Facilities Services sub-industry places it among the largest North American players in the integrated hazardous waste management market, serving a customer base that spans manufacturing, automotive maintenance, retail, and government clients.
- HEPACO acquisition expands hazardous waste footprint and revenue base
- PFAS and EPA regulations drive specialized disposal demand higher
- Safety-Kleen margins pressured by weaker base oil re-refining economics
| Net Income: 439.1m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.02 > 0.02 and ΔFCF/TA -2.59 > 1.0 |
| NWC/Revenue: 21.01% < 20% (prev 24.63%; Δ -3.62% < -1%) |
| CFO/TA 0.08 > 3% & CFO 637.5m > Net Income 439.1m |
| Net Debt (2.78b) to EBITDA (1.22b): 2.28 < 3 |
| Current Ratio: 2.13 > 1.5 & < 3 |
| Outstanding Shares: last quarter (53.0m) vs 12m ago -1.48% < -2% |
| Gross Margin: 26.63% > 18% (prev 30.76%; Δ -4.13% > 0.5%) |
| Asset Turnover: 81.74% > 50% (prev 79.87%; Δ 1.87% > 0%) |
| Interest Coverage Ratio: 4.41 > 6 (EBIT TTM 758.0m / Interest Expense TTM 171.7m) |
| A: 0.17 (Total Current Assets 2.47b - Total Current Liabilities 1.16b) / Total Assets 7.84b |
| B: 0.38 (Retained Earnings 2.99b / Total Assets 7.84b) |
| C: 0.10 (EBIT TTM 758.0m / Avg Total Assets 7.64b) |
| D: 0.60 (Book Value of Equity 2.93b / Total Liabilities 4.91b) |
| Altman-Z'' = 3.63 = AA |
| DSRI: 1.07 (Receivables 1.46b/1.30b, Revenue 6.24b/5.94b) |
| GMI: 1.16 (GM 30.76% / 26.63%) |
| AQI: 1.06 (AQ_t 0.32 / AQ_t-1 0.30) |
| SGI: 1.05 (Revenue 6.24b / 5.94b) |
| TATA: -0.03 (NI 439.1m - CFO 637.5m) / TA 7.84b) |
| Beneish M = -2.75 (Cap -4..+1) = A |
As of September 20, 2026, the stock is trading at USD 315.80 with a total of 538,242 shares traded. Over the past week, the price has changed by -2.17%, over one month by -1.16%, over three months by +9.42% and over the past year by +33.17%.
Current recommended Stop Loss: 305.70 (which is 3.2% or 1.5 ATR below the current price).
Clean Harbors has received a consensus analysts rating of 4.31. Therefore, it is recommended to buy CLH.
- StrongBuy: 7
- Buy: 3
- Hold: 3
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 359.9 | 14% |
P/E Trailing = 38.615
P/E Forward = 35.0877
P/S = 2.6967
P/B = 5.7358
P/EG = 0.2662
Revenue TTM = 6.24b USD
EBIT TTM = 758.0m USD
EBITDA TTM = 1.22b USD
Long Term Debt = 2.76b USD (from longTermDebt, last quarter)
Short Term Debt = 92.9m USD (from shortTermDebt, last quarter)
Debt = 3.30b USD (from shortLongTermDebtTotal, last quarter) + Leases 262.4m
Net Debt = 2.78b USD (calculated: Debt 3.30b - CCE 516.7m)
Enterprise Value = 19.6b USD (16.8b + Debt 3.30b - CCE 516.7m)
Interest Coverage Ratio = 4.41 (Ebit TTM 758.0m / Interest Expense TTM 171.7m)
EV/FCF = 100.8x (Enterprise Value 19.6b / FCF TTM 194.5m)
FCF Yield = 0.99% (FCF TTM 194.5m / Enterprise Value 19.6b)
FCF Margin = 3.12% (FCF TTM 194.5m / Revenue TTM 6.24b)
Net Margin = 7.03% (Net Income TTM 439.1m / Revenue TTM 6.24b)
Gross Margin = 26.63% ((Revenue TTM 6.24b - Cost of Revenue TTM 4.58b) / Revenue TTM)
Gross Margin QoQ = 27.87% (prev 22.34%)
Tobins Q-Ratio = 2.50 (Enterprise Value 19.6b / Total Assets 7.84b)
Interest Expense / Debt = 5.21% (Interest Expense 171.7m / Debt 3.30b)
Taxrate = 26.49% (158.2m / 597.2m)
NOPAT = 557.2m (EBIT 758.0m * (1 - 26.49%))
Current Ratio = 2.13 (Total Current Assets 2.47b / Total Current Liabilities 1.16b)
Debt / Equity = 1.13 (Debt 3.30b / totalStockholderEquity, last quarter 2.93b)
Debt / EBITDA = 2.28 (Net Debt 2.78b / EBITDA 1.22b)
Debt / FCF = 14.29 (Net Debt 2.78b / FCF TTM 194.5m)
Total Stockholder Equity = 2.81b (last 4 quarters mean from totalStockholderEquity)
RoA = 5.75% (Net Income 439.1m / Total Assets 7.84b)
RoE = 15.64% (Net Income TTM 439.1m / Total Stockholder Equity 2.81b)
RoCE = 13.62% (EBIT 758.0m / Capital Employed (Equity 2.81b + L.T.Debt 2.76b))
RoIC = 8.63% (NOPAT 557.2m / Invested Capital 6.46b)
WACC = 6.28% (E(16.8b)/V(20.1b) * Re(6.76%) + D(3.30b)/V(20.1b) * Rd(5.21%) * (1-Tc(0.26)))
Discount Rate = 6.76% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -94.53 | Cagr: -1.00%
[DCF] Terminal Value 73.10% ; FCFF base≈267.6m ; Y1≈234.6m ; Y5≈189.6m
[DCF] Fair Price = 4.98 (EV 3.04b - Net Debt 2.78b = Equity 263.1m / Shares 52.8m; r=8.35% [WACC [floored]]; 5y FCF grow -15.0% → 2.50% )
EPS Correlation: 70.42 | EPS CAGR: 4.37% | SUE: 3.30 | # QB: 1
Revenue Correlation: 96.49 | Revenue CAGR: 5.40% | SUE: 3.58 | # QB: 1
EPS current Quarter (2026-09-30): EPS=3.19 | Chg30d=+19.51% | Revisions=+40% | Analysts=13
EPS current Year (2026-12-31): EPS=9.79 | Chg30d=+0.01% | Revisions=+40% | GrowthEPS=+32.5% | GrowthRev=+8.3%
EPS next Year (2027-12-31): EPS=9.93 | Chg30d=-0.05% | Revisions=+40% | GrowthEPS=+1.4% | GrowthRev=+4.4%
[Analyst] Revisions Ratio: +67% (up=6, down=0)