Cleanaway Waste Management Limited Overview
Pro stress-test →Cleanaway Waste Management is Australia's largest waste management business with a national footprint that spans collection, midstream waste processing, treatment, recycling, and downstream waste disposal. The company services municipal, commercial, and industrial sectors while handling hazardous liquids and medical waste.
Strategic Profile
Pro stress-test →In H1 2026, the company reported 13.0% net revenue growth to $1,875.3 million and 16.9% underlying EBIT growth to $228.2 million. Upgraded FY26 EBIT guidance of $480-$500 million reflects strong operational momentum and early integration benefits from acquisitions. Strategic focus includes higher-margin projects like the Western Sydney MRF and Dynon Road Transfer Station redevelopment.
Competitive Landscape
Pro stress-test →Cleanaway trades at a 47.2x trailing P/E, lower than the 51.3x peer average but well above the 17.4x Global Commercial Services industry average. As Australia's largest waste management business with a national footprint and ~260 waste facilities, Cleanaway maintains significant scale advantages in a fragmented market with few large integrated competitors.
Industry Context
Cleanaway Waste Management Limited operates in Waste Management & Environmental Services.
Key facts
Founded: 2002 · Headquarters: Melbourne, Australia · Revenue: $4.1B AUD (TTM) · Market cap: $6.02B AUD