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Clean Harbors, Inc., together with its subsidiaries, is a leading provider of environmental and industrial services throughout North America. Everywhere industry meets the environment, we strive to provide sustainable services and products that minimize environmental impact, maximize environmental benefit through reuse and recycling and support our customers business needs.
11.17% operating margin is respectable but not wide. ROIC at 9.08%. Suggests the business covers its cost of capital, but doesn't point to a wide moat.
Revenue growth slowed to 2.4%, essentially flat. This is a business that needs a catalyst.
Net debt of $2.31B represents 5.2x FCF, leverage limits flexibility.
Profitability & Returns
Revenue (TTM)
$6.06B
▲ +2.4% YoY
Net Income (TTM)
$395M
▼ -2.8% YoY
Op. Margin
11.24%
▼ -0.2pp YoY
ROIC
9.21%
▼ -1.0pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
$467M
▲ +27.9% YoY
Op. Cash Flow (TTM)
$871M
▲ +11.4% YoY
Net Debt
$2.37B
Cash & Equiv.
$669M
5Y CAGR: +13.9%
5Y CAGR: +13.5%
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