Gfl Environmental (GFL) financial statements

Industrials · Waste Management · Market cap $15.7B

Gfl Environmental reported revenue of 6.6B CAD in fiscal 2025, up 12.0% a year over 6 years.

Net income was 3.8B CAD.

Free cash flow was 175M CAD, and the company returned 31M CAD in dividends and 3.0B CAD in net buybacks.

The diluted share count rose 110% over the period (dilution).

Revenue and free cash flow

Fiscal years, $ billions (CAD).

-2024682019202020212022202320242025RevenueFree cash flow
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Income statement

Fiscal years, in CAD, from Gfl Environmental's 10-K filings with the SEC.

Fiscal year2019202020212022202320242025
Revenue3.3B CAD4.2B CAD5.1B CAD6.8B CAD7.5B CAD6.1B CAD6.6B CAD
Cost of revenue3.1B CAD4.0B CAD4.7B CAD6.0B CAD6.2B CAD5.0B CAD5.2B CAD
Gross profit274M CAD190M CAD474M CAD798M CAD1.3B CAD1.1B CAD1.4B CAD
Selling, general and admin396M CAD508M CAD563M CAD730M CAD974M CAD864M CAD967M CAD
Interest expense473M CAD372M CAD324M CAD427M CAD533M CAD564M CAD456M CAD
Pre-tax income-609M CAD-1.4B CAD-736M CAD-359M CAD192M CAD-1.1B CAD227M CAD
Income tax-158M CAD-253M CAD-109M CAD-176M CAD160M CAD-226M CAD-14M CAD
Net income-452M CAD-1.1B CAD-607M CAD-312M CAD45M CAD-723M CAD3.8B CAD
EPS (diluted)-2.50 CAD-3.10 CAD-1.83 CAD-1.08 CAD-0.13 CAD-2.11 CAD9.99 CAD
Diluted shares181M360M362M367M370M381M379M
Gross margin8.2%4.5%9.2%11.8%16.9%18.4%20.7%
Net margin-13.5%-26.3%-11.8%-4.6%0.6%-11.8%58.0%

Balance sheet

Fiscal years, in CAD, from Gfl Environmental's 10-K filings with the SEC.

Fiscal year2019202020212022202320242025
Cash and short-term investments575M CAD27M CAD190M CAD82M CAD136M CAD134M CAD86M CAD
Receivables713M CAD867M CAD1.1B CAD1.1B CAD1.1B CAD1.2B CAD802M CAD
Inventory50M CAD57M CAD82M CAD84M CAD98M CAD108M CAD61M CAD
Total current assets1.4B CAD1.0B CAD1.5B CAD1.4B CAD1.5B CAD1.7B CAD1.2B CAD
Property, plant and equipment———6.5B CAD7.0B CAD7.9B CAD7.3B CAD
Goodwill5.2B CAD6.5B CAD7.5B CAD8.2B CAD7.9B CAD8.1B CAD6.9B CAD
Total assets12.3B CAD15.7B CAD18.4B CAD19.8B CAD19.9B CAD21.2B CAD19.3B CAD
Total current liabilities865M CAD1.2B CAD1.5B CAD2.7B CAD1.8B CAD3.2B CAD2.0B CAD
Long-term debt7.6B CAD6.2B CAD8.0B CAD9.2B CAD8.8B CAD8.9B CAD7.4B CAD
Total liabilities9.6B CAD10.2B CAD12.6B CAD13.7B CAD12.5B CAD14.0B CAD11.8B CAD
Shareholders' equity2.8B CAD5.6B CAD5.8B CAD6.0B CAD7.2B CAD7.0B CAD7.3B CAD
Net debt7.0B CAD6.1B CAD7.8B CAD9.2B CAD8.7B CAD8.7B CAD7.3B CAD

Cash flow

Fiscal years, in CAD, from Gfl Environmental's 10-K filings with the SEC.

Fiscal year2019202020212022202320242025
Operating cash flow251M CAD502M CAD898M CAD1.1B CAD980M CAD1.5B CAD1.3B CAD
Capital spending458M CAD428M CAD647M CAD765M CAD1.1B CAD1.2B CAD1.1B CAD
Free cash flow-207M CAD74M CAD251M CAD331M CAD-75M CAD347M CAD175M CAD
Stock-based compensation14M CAD38M CAD46M CAD55M CAD125M CAD105M CAD152M CAD
Dividends paid0 CAD13M CAD18M CAD21M CAD25M CAD28M CAD31M CAD
Share buybacks (net)—————0 CAD-3.0B CAD
Net borrowing1.6B CAD-1.5B CAD1.8B CAD752M CAD-393M CAD334M CAD-2.2B CAD
Free cash flow margin-6.2%1.8%4.9%4.9%-1.0%5.7%2.6%
Dividends per share—0.04 CAD0.05 CAD0.06 CAD0.07 CAD0.07 CAD0.08 CAD
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Questions

What was Gfl Environmental's revenue in 2025?

6.6B CAD in fiscal 2025, from its 10-K filing.

How much free cash flow does Gfl Environmental generate?

175M CAD in fiscal 2025 (operating cash flow minus capital spending).

From Gfl Environmental's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.