Clean Harbors
Combines hazardous-waste infrastructure with industrial services and used-oil re-refining.
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Profile
Collects and processes hazardous and non-hazardous waste while providing industrial cleaning, maintenance, field, and emergency-response services. A smaller Safety-Kleen business gathers used oil and re-refines it into base oil and lubricants, while route-based parts-cleaning services and owned processing assets anchor the broader North American network.
Collects, transports, treats, recycles, and disposes of hazardous and non-hazardous waste through Environmental Services, which also provides industrial cleaning, maintenance, field services, and emergency response across North America.
Safety-Kleen Sustainability Solutions collects used oil and related automotive fluids, re-refines them into base oil and blended lubricants, and provides parts-cleaning services. Environmental Services supplies most revenue, while the Safety-Kleen network adds route-based collection and circular oil processing.
Execution rests on route density and the ability to direct collected material into owned treatment, disposal, and re-refining assets. Operations depend on permits, environmental compliance systems, specialized labor, and safe facility maintenance; Safety-Kleen results also respond to base-oil and blended-oil pricing and collection economics.
Company facts
Categories
Key statistics
Year to date +27.6% · Average volume (30d) 468.8K
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Rating | Prior target | Target |
|---|---|---|---|---|---|
| Jul 30, 2026 | Oppenheimer | Reiterate | Outperform | $300 | $350 |
| Jul 30, 2026 | Needham | Reiterate | Buy | $308 | $390 |
| Jul 30, 2026 | Wells Fargo | Target | $248 | $377 | |
| Jul 30, 2026 | Raymond James | Reiterate | Strong Buy | $320 | $375 |
| Jul 30, 2026 | Barclays | Reiterate | Equal Weight | $304 | $325 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Jul 29, 2026Q2 FY26 | $2.81 | $3.22 | +14.6% | $1.64B | $1.74B | +5.7% | −2.82% |
| May 6, 2026Q1 FY26 | $1.15 | $1.19 | +3.5% | $1.47B | $1.46B | −0.5% | −1.95% |
| Feb 18, 2026Q4 FY25 | $1.60 | $1.62 | +1.3% | $1.46B | $1.50B | +2.5% | +1.84% |
| Oct 29, 2025Q3 FY25 | $2.37 | $2.21 | −6.8% | $1.46B | $1.55B | +5.8% | −1.20% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $1.43B | $1.55B | $1.55B | $1.50B | $1.46B | $1.74B | |
| Gross profit | $410.1M | $516.4M | $500.8M | $352.3M | $326.1M | $483.5M | |
| Operating income | $111.6M | $210.3M | $193.0M | $158.4M | $118.9M | $268.9M | |
| Net income | $58.7M | $126.9M | $118.8M | $86.6M | $63.2M | $170.5M | |
| Diluted EPS | $1.09 | $2.36 | $2.21 | $1.62 | $1.19 | $3.22 | |
| Gross margin | 28.6% | 33.3% | 32.3% | 23.5% | 22.3% | 27.9% | |
| Operating margin | 7.8% | 13.6% | 12.5% | 10.6% | 8.1% | 15.5% |
Fiscal years (4-quarter sums)FY21 $3.81B · FY22 $5.17B · FY23 $5.41B · FY24 $5.89B · FY25 $6.03B
Revenue by product · Q2 FY26
Revenue by geography · Q2 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $516.7M · Total debt $3.03B · Total assets $7.84B · Shareholders' equity $2.93B
Dividends
No dividends on record.
Ownership
A 13F quarter can total more than the shares outstanding — sub-advisers file the same block twice, and a filer's own share count can be a quarter stale. No split is drawn from it.
Shares outstanding 52.79M · Float 50.05M · 94.8% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 5.08M | 9.62% | 13F | Aug 7, 2026 |
| Wellington Management Group LLP | 3.16M | 5.98% | 13F | Aug 14, 2026 |
| FMR LLC | 3.00M | 5.69% | 13F | Aug 13, 2026 |
| Vanguard Capital Management LLC | 2.18M | 4.14% | 13F | Aug 13, 2026 |
| Alan S. Mckim · director, officer: EXEC CHAIR, CTO. | 2.10M | 3.97% | Form 4 | Jul 20, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 14, 2026 | Eric W. Gerstenberg | officer: CO-CEO | −2,500 | $321.34 |
| Mar 18, 2026 | Eric W. Gerstenberg | officer: CO-CEO | −1,000 | $293.00 |
| Feb 23, 2026 | Eric W. Gerstenberg | officer: CO-CEO | −2,500 | $279.86 |
| Feb 20, 2026 | Eric J. Dugas | officer: EVP CHIEF FINANCIAL OFFICER | −2,788 | $281.31 |
| Aug 3, 2026 | Andrea Robertson | director | −789 | $314.01 |
Peers
- Republic Services
Broad overlap in hazardous waste, field services, and disposal
- WM
Large-scale overlap in industrial disposal and regulated medical waste
- S.E.S. AI
Western Canadian overlap in industrial waste processing and disposal
- GFL
Scale competitor in North American solid and non-hazardous waste
- Enviri
On-site industrial waste overlap centered on steelmaking operations
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Clean Harbors | $310.71 | +0.02% | $16.40B | 37.7 | 31.0 | 2.6 | +12.0% |
| Republic Services | $225.00 | +1.32% | $68.34B | 31.5 | 29.2 | 4.0 | +4.6% |
| WM | $219.31 | −0.15% | $87.80B | 31.1 | 25.7 | 3.4 | +4.0% |
| S.E.S. AI | $0.5280 | +1.13% | $190.3M | — | — | 8.1 | +44.6% |
| GFL | $43.30 | +1.14% | $14.95B | — | 68.8 | 3.0 | +11.5% |
| Enviri | $22.28 | −0.16% | $1.84B | — | — | 2.5 | −66.7% |
| Median | 31.3 | 29.2 | 3.4 | +4.6% |