GFL Environmental Inc. Overview
Pro stress-test →GFL is the fourth largest diversified environmental services company in North America, providing comprehensive solid waste management services from its platform of facilities throughout Canada and 18 U.S. states. Its offerings include non-hazardous solid waste management, infrastructure, soil remediation, and liquid waste management services. The company has emerged as an industry leader with record margins and strong cash generation.
Strategic Profile
Pro stress-test →The continued strong execution of its value creation strategies drove full-year top-line growth of 9.5 percent, Adjusted EBITDA margin of 30 percent, the highest in company history, and industry-leading Adjusted EBITDA margin expansion of 130 basis points over the prior year. GFL's 2026 outlook calls for about $7.0 billion of revenue, a roughly 30.6% Adjusted EBITDA margin and $835 million of Adjusted Free Cash Flow, supported by core pricing, modest volume gains and M&A contributions.
Competitive Landscape
Pro stress-test →Waste Connections, Heritage-Crystal Clean, Wasteco, Stericycle, and Advantage Waste Systems are some of GFL's competitors. GFL differentiates through superior margin expansion (30% vs. peers typically in high-20s), disciplined M&A execution, and a scalable platform spanning solid waste, recycling, and infrastructure services across North America.
Industry Context
GFL Environmental Inc. operates in Environmental Services / Waste Management & Recycling.
Key facts
Founded: 2007 · Headquarters: Miami Beach, FL · Employees: 15,000 · Revenue: $6.62B · Market cap: $16.4B