GFL Environmental
Financial ratios & Valuation

Forward Multiples (2025 – 2028)

2025202620272028
Price/Earnings ratio
66.6554.5521.7419.58
Price/Sales ratio
1.931.811.741.65
Earnings per Share (EPS)
$0.74$0.91$2.29$2.55

Historical Multiples (2016 – 2023)

2016 2017 2018 2019 2020 2021 2022 2023 TTM Median
Valuation Ratios
Price/Earnings ratio
-46.56-65.73-14.89-15.15-13.48-28.50-79.33351.44-41.68-13.48
Price/Sales ratio
7.594.973.882.043.193.132.142.123.152.04
Price/Book Value ratio
N/A13.042.252.472.362.992.402.223.602.47
Price/Cash Flow ratio
87.6252.52-210.3127.2726.7119.2613.2516.2717.9026.71
Price/Free Cash Flow ratio
-163.34-86.45-37.01-33.10181.5169.0045.96-213.5995.52-33.10
Price/Earnings Growth ratio
N/A1.97-0.032.33-0.140.721.12-4.74-0.28-0.14
Dividend Yield
N/AN/AN/AN/A0.09%0.10%0.14%0.15%0.12%0.12%
Profitability Indicator Ratios
Gross Profit Margin
30.98%14.10%8.04%8.17%4.53%9.54%11.79%17.09%18.05%8.17%
Operating Profit Margin
-1.16%3.62%-10.52%-3.72%-7.63%-1.16%1.3%5.17%5.06%-3.72%
Pretax Profit Margin
-21.59%-10.49%-33.69%-18.20%-32.31%-12.90%-5.31%2.55%-8.58%-18.20%
Net Profit Margin
-16.30%-7.57%-26.08%-13.49%-23.70%-10.98%-2.70%0.60%-7.55%-13.49%
Effective Tax Rate
24.52%27.84%22.57%25.86%26.61%14.87%49.01%83.23%16.40%26.61%
Return on Assets
N/A-2.92%-4.36%-3.66%-6.32%-3.30%-0.92%0.22%-2.90%-3.66%
Return On Equity
N/A-19.83%-15.13%-16.31%-17.51%-10.50%-3.03%0.63%-8.40%-16.31%
Return on Capital Employed
N/A1.55%-1.87%-1.08%-2.20%-0.38%0.51%2.15%2.25%-1.08%
Liquidity Ratios
Current Ratio
N/AN/AN/A1.640.86N/AN/AN/A0.580.86
Quick Ratio
N/A1.100.931.580.810.920.480.760.580.81
Cash ratio
N/A0.000.010.660.020.120.030.070.030.02
Days of Sales Outstanding
N/A87.24113.2370.7575.4474.9559.6454.7657.6475.44
Days of Inventory outstanding
N/A7.639.085.995.225.985.155.75N/A5.22
Operating Cycle
N/A94.87122.3176.7580.6780.9464.7960.5257.6480.67
Days of Payables Outstanding
N/A99.63129.8986.9437.6341.3140.1941.6591.7886.94
Cash Conversion Cycle
N/A-4.75-7.57-10.1843.0339.6324.6018.87-34.1343.03
Debt Ratios
Debt Ratio
N/A0.710.560.620.400.440.470.440.470.47
Debt Equity Ratio
N/A4.831.962.761.111.401.531.231.401.40
Long-term Debt to Capitalization
N/A0.820.660.730.520.580.600.550.550.52
Total Debt to Capitalization
N/A0.820.660.730.520.580.600.550.580.58
Interest Coverage Ratio
N/AN/AN/A1.40-0.71N/AN/AN/A0.59-0.71
Cash Flow to Debt Ratio
N/A0.05-0.000.030.070.110.110.110.140.03
Company Equity Multiplier
N/A6.773.464.452.763.183.272.762.972.76
Cash Flow Ratios
Operating Cash Flow / Sales Ratio
0.080.09-0.010.070.110.160.160.130.170.07
Free Cash Flow / Operating Cash Flow Ratio
-0.53-0.605.68-0.820.140.270.28-0.070.18-0.82
Cash Flow Coverage Ratio
N/A0.05-0.000.030.070.110.110.110.140.03
Short Term Coverage Ratio
N/A13.67-0.633.516.5510.3325.6763.251.326.55
Dividend Payout Ratio
N/AN/AN/AN/A-1.31%-2.94%-11.29%55.06%-4.64%-1.31%