Q4 25 EPS
$1.62
BEAT +0.00%
Est. $1.62
Q4 25 Revenue
$1.50B
BEAT +2.47%
Est. $1.46B
vs S&P Since Q4 25
-7.7%
TRAILING MARKET
CLH +2.1% vs S&P +9.8%
Full Year 2025 Results
FY 25 EPS
$7.28
BEAT +0.38%
Est. $7.25
FY 25 Revenue
$6.03B
BEAT +0.60%
Est. $5.99B
Market Reaction
Did CLH Beat Earnings? Q4 2025 Results
Clean Harbors closed out fiscal 2025 on solid footing, matching Wall Street's earnings estimate of $1.62 per diluted share while delivering a meaningful revenue beat, with fourth-quarter sales climbing 4.8% year over year to $1.50 billion against a $… Read more Clean Harbors closed out fiscal 2025 on solid footing, matching Wall Street's earnings estimate of $1.62 per diluted share while delivering a meaningful revenue beat, with fourth-quarter sales climbing 4.8% year over year to $1.50 billion against a $1.46 billion consensus. The primary engine behind that topline strength was the Environmental Services segment, which posted 6% revenue growth in the quarter as Technical Services benefited from robust demand for disposal, recycling, and expanding PFAS remediation services, while landfill volumes surged 56% on project activity. The quarter also capped a record full-year revenue of $6.03 billion and record adjusted free cash flow of $509.31 million. Looking ahead, management guided 2026 Adjusted EBITDA of $1.20 billion to $1.26 billion, with reshoring trends, PFAS growth, and a deepening remediation pipeline cited as key catalysts, alongside a $350 million buyback program expansion that has lifted the stock to fresh all-time highs.
Key Takeaways
- • Technical Services grew 8% on strong disposal, recycling, and PFAS demand
- • Safety-Kleen Environmental Services revenue grew 7% on pricing and higher volumes
- • Field Services revenue grew 13% on large-scale emergency response projects
- • Landfill volumes rose 56% on project activity strength
- • ES segment Adjusted EBITDA margin expanded 50 bps to 25.8% in Q4
- • SKSS segment Adjusted EBITDA margin improved 310 bps via aggressive CFO pricing strategy
- • Charge-for-oil rate nearly 50% above Q3 levels
- • Record Total Recordable Incident Rate (TRIR) of 0.49
- • Improvements in working capital management and lower net capital expenditures
CLH YoY Financials
Q4 2025 vs Q4 2024, source: SEC Filings
CLH Revenue by Segment
With YoY comparisons, source: SEC Filings
“We concluded 2025 with strong fourth-quarter results, including higher profitability in both of our operating segments. Our performance was led by our Environmental Services (ES) segment, where segment Adjusted EBITDA margin expanded year over year for the 15th consecutive quarter, reflecting the diversity of our end markets as we have continued to gain volumes against the muted industrial backdrop of the past several years. We believe that our results also demonstrate our consistency in executing our pricing initiatives, cost management plans and network efficiencies.”
— Eric Gerstenberg, Q4 2025 Earnings Press Release
CLH Earnings Trends
CLH vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
CLH EPS Trend
Earnings per share: estimate vs actual
CLH Revenue Trend
Quarterly revenue: estimate vs actual
CLH Quarterly Results
5 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q1 26 | — | $1.19 | — | $1.46B | -0.68% |
| Q4 25 BEAT FY | $1.62 | $1.62 | +0.00% | $1.50B | +2.47% |
| FY Full Year | $7.25 | $7.28 | +0.38% | $6.03B | +0.60% |
| Q3 25 MISS | $2.39 | $2.21 | -7.56% | $1.55B | -1.43% |
| Q2 25 MISS | $2.39 | $2.36 | -1.16% | $1.55B | -2.65% |
| Q1 25 BEAT | $1.05 | $1.09 | +3.62% | $1.43B | -0.62% |