公司概述
GFL Environmental Inc. operates as a comprehensive waste management provider, delivering non-hazardous solid waste services across Canada and the United States. The company's core offerings encompass the full spectrum of municipal, residential, commercial, and industrial waste handling, including collection, transportation, transfer, recycling, and disposal operations. Within the broader financial landscape, this entity is categorized under the Industrials sector and the Waste Management industry, reflecting its role in essential infrastructure services. As of the latest data, the company holds a market capitalization of $16.07B and generates annual revenue of $6.62B, supported by a workforce of 14,850 employees. These valuation and revenue figures position GFL as a significant player in the waste management sector, indicating substantial market presence and operational scale relative to peers.
财务健康
The company reported a trailing twelve-month revenue of $6.62B with a corresponding net income of $211.40M and EBITDA of $1.62B. The substantial disparity between the $6.62B revenue and the $211.40M net income highlights a cost structure where operating expenses, including cost of goods sold and administrative costs, absorb the majority of gross receipts before reaching the bottom line. The business generated free cash flow of $792.91M, which provides the necessary financial flexibility to fund capital expenditures, service debt obligations, or pursue strategic acquisitions without relying solely on external financing. Margin analysis reveals a gross margin of 20.7%, an operating margin of 6.4%, and a reported profit margin of 58.0%; the notably high profit margin figure suggests specific accounting classifications or one-time adjustments that significantly elevate the bottom-line percentage compared to the operational efficiency indicated by the operating margin. On the balance sheet, cash stands at $85.60M while total debt reaches $7.93B, resulting in a debt-to-equity ratio of 105.98% which characterizes a highly leveraged capital structure. Additionally, the current ratio of 0.58 indicates that current assets are insufficient to cover current liabilities, signaling potential short-term liquidity constraints. Return on equity is calculated at 3.3% and return on assets at 1.2%, metrics that collectively reveal limited management effectiveness in generating substantial returns on the capital base deployed by shareholders and creditors.
估值评估
Valuation metrics show a P/E ratio of 108.56 on a trailing twelve-month basis compared to a forward P/E of 46.77, implying that the market expects a significant contraction in earnings or a re-rating of multiples to justify the current price. The price-to-book ratio stands at 3.04, indicating that the market values the company at more than three times its tangible book value, suggesting a premium assigned to its intangible assets or future growth potential. Alternative valuation measures include a price-to-sales ratio of 2.43 and an EV/EBITDA of 14.74, which provide context on how the stock is priced relative to its sales volume and earnings power before interest, taxes, depreciation, and amortization. Regarding price momentum, the 52-week trading range spans from a low of $38.60 to a high of $52.00; while the exact current price is not listed, the forward P/E of 46.77 versus the trailing P/E of 108.56 suggests the stock is currently priced near the upper end of its historical volatility range. The stock exhibits a beta of 0.53, which means its price volatility is approximately half that of the broader market, indicating lower systemic risk relative to large-cap equities.
Growth & Income
Revenue growth year-over-year is recorded at 7.3%, whereas earnings growth is listed as N/A, preventing a direct comparison of earnings expansion speed against revenue expansion but highlighting a divergence in how top-line and bottom-line metrics are evolving in the absence of reported earnings growth data. The company distributes a dividend yield of 0.1% with a payout ratio of 15.1%, suggesting a conservative approach to shareholder returns where the payout is well-covered by net income. Given the low payout ratio and minimal yield, the company retains the majority of its net income for reinvestment into its waste management infrastructure rather than maximizing immediate dividend income for shareholders. Overall, GFL presents a profile of steady top-line expansion supported by a highly leveraged balance sheet and minimal dividend distribution, focusing capital allocation on operational growth and debt management within the waste management sector.