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GFL Environmental (GFL) Financials

GFL Environmental logo
$49.70 +0.09 (+0.17%)
Closing price 03:59 PM Eastern
Extended Trading
$49.70 0.00 (-0.01%)
As of 04:36 PM Eastern
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Annual Income Statements for GFL Environmental

Annual Income Statements for GFL Environmental

This table shows GFL Environmental's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2024 2023 2022 2021 2020 2019
Period end date 12/31/2024 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019
Net Income / (Loss) Attributable to Common Shareholders		 -502 51 -366 -475 -1,728 -348
Consolidated Net Income / (Loss)		 -512 24 -230 -475 -1,728 -351
Net Income / (Loss) Continuing Operations		 -513 41 -271 -473 -1,728 -351
Total Pre-Tax Income 		-656 146 -266 -576 -1,927 -469
Total Operating Income		 14 612 242 -223 -624 -506
Total Gross Profit		 1,063 979 584 371 149 211
Total Revenue		 5,491 5,710 4,991 4,020 3,289 2,579
Operating Revenue		 5,491 5,693 4,997 4,020 3,289 2,579
Total Cost of Revenue		 4,428 4,731 4,407 3,649 3,140 2,368
Operating Cost of Revenue		 4,428 4,731 4,407 3,649 3,140 2,368
Total Operating Expenses		 1,049 367 342 594 773 717
Selling, General & Admin Expense		 715 738 540 440 399 306
Other Operating Expenses / (Income)		 335 -361 -201 154 354 -
Total Other Income / (Expense), net		 -688 -449 -507 -353 -1,303 38
Interest Expense		 469 475 362 338 468 -
Other Income / (Expense), net		 -220 72 -161 -14 -835 38
Income Tax Expense		 -161 121 -130 -103 -199 -119
Net Income / (Loss) Attributable to Noncontrolling Interest		 -10 -10.00 0.52 0.00 - -
Weighted Average Basic Shares Outstanding		 411.98M 407.93M 380.21M 375.06M 354.93M 0.00
Weighted Average Diluted Shares Outstanding		 411.98M 407.93M 380.21M 375.06M 354.93M 0.00
Weighted Average Basic & Diluted Shares Outstanding		 411.98M 407.93M 380.21M 375.06M 354.93M 1.54M

Quarterly Income Statements for GFL Environmental

No quarterly income statements for GFL Environmental are available.

Annual Cash Flow Statements for GFL Environmental

This table details how cash moves in and out of GFL Environmental's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2024 2023 2022 2021 2020 2019
Period end date 12/31/2024 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019
Net Change in Cash & Equivalents		 1,289 2,871 1,240 137 2,452 1,267
Net Cash From Operating Activities		 1,247 2,836 1,267 703 2,473 1,251
Net Cash From Continuing Operating Activities		 1,247 2,836 1,267 664 2,473 1,251
Net Income / (Loss) Continuing Operations		 -512 24 -230 -475 0.00 0.00
Consolidated Net Income / (Loss)		 -512 24 -230 -475 - -
Depreciation Expense		 782 761 745 729 635 359
Amortization Expense		 306 368 382 - 335 257
Non-Cash Adjustments To Reconcile Net Income		 832 1,832 499 681 1,703 759
Changes in Operating Assets and Liabilities, net		 -161 -149 -130 -271 -200 -124
Net Cash From Investing Activities		 43 47 17 -2,103 13 16
Net Cash From Continuing Investing Activities		 43 47 17 -2,103 13 16
Sale of Property, Plant & Equipment		 43 47 17 203 13 16
Net Cash From Financing Activities		 0.00 -12 -43 1,538 -34 0.00
Net Cash From Continuing Financing Activities		 0.00 -12 -43 1,598 -34 0.00
Repayment of Debt		 0.00 -12 -43 -1,666 -34 0.00
Cash Interest Paid		 341 392 305 - 315 -

Quarterly Cash Flow Statements for GFL Environmental

No quarterly cash flow statements for GFL Environmental are available.

Annual Balance Sheets for GFL Environmental

This table presents GFL Environmental's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2024 2023 2022 2021 2020 2019
Period end date 12/31/2024 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019
Total Assets		 14,727 15,058 14,608 14,398 12,331 9,498
Total Current Assets		 1,178 1,125 1,022 1,171 806 1,095
Cash & Equivalents		 93 103 61 149 21 443
Accounts Receivable		 816 818 826 888 680 550
Current Deferred & Refundable Income Taxes		 60 36 0.00 - - -
Plant, Property, & Equipment, net		 0.00 0.00 0.00 0.00 0.00 0.00
Total Noncurrent Assets		 8,097 8,645 8,753 8,523 7,547 6,207
Long-Term Investments		 239 242 241 0.00 - -
Goodwill		 5,601 5,977 6,047 5,871 5,096 3,987
Intangible Assets		 1,968 2,315 2,398 2,606 2,425 2,195
Noncurrent Deferred & Refundable Income Taxes		 145 49 0.00 - - -
Other Noncurrent Operating Assets		 144 63 67 46 26 24
Total Liabilities & Shareholders' Equity		 14,727 15,058 14,608 14,398 12,331 9,498
Total Liabilities		 9,712 9,463 10,142 9,877 7,963 7,364
Total Current Liabilities		 2,188 1,371 1,989 1,192 935 667
Short-Term Debt		 796 7.35 13 13 3.61 50
Accounts Payable		 1,306 1,272 1,151 1,033 796 564
Other Current Liabilities		 48 45 38 40 29 26
Total Noncurrent Liabilities		 7,524 8,092 8,152 7,049 5,429 6,698
Long-Term Debt		 6,148 6,686 6,835 6,249 4,830 5,827
Capital Lease Obligations		 331 290 242 201 120 122
Noncurrent Deferred & Payable Income Tax Liabilities		 323 404 431 567 450 566
Other Noncurrent Operating Liabilities		 29 30 35 32 29 9.56
Total Equity & Noncontrolling Interests		 5,015 5,595 4,467 4,521 4,368 2,133
Total Preferred & Common Equity		 4,846 5,436 4,461 4,521 4,368 2,133
Total Common Equity		 4,846 5,436 4,461 4,521 4,368 2,133
Common Stock		 7,006 7,563 6,466 6,684 6,035 2,729
Retained Earnings		 -2,482 -2,138 -2,101 -1,965 -1,478 -594
Accumulated Other Comprehensive Income / (Loss)		 321 11 96 -199 -189 -2.08
Noncontrolling Interest		 169 158 5.10 0.00 - -

Quarterly Balance Sheets for GFL Environmental

No quarterly balance sheets for GFL Environmental are available.

Annual Metrics And Ratios for GFL Environmental

This table displays calculated financial ratios and metrics derived from GFL Environmental's official financial filings.

Metric 2024 2023 2022 2021 2020 2019
Period end date 12/31/2024 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019
Growth Metrics		 - - - - - -
Revenue Growth		 -3.84% 14.41% 24.15% 22.22% 27.53% 0.00%
EBITDA Growth		 -51.29% 50.04% 145.76% 200.66% -429.71% 0.00%
EBIT Growth		 -130.08% 747.19% 133.98% 83.70% -211.68% 0.00%
NOPAT Growth		 -90.57% -39.35% 208.22% 64.19% -23.33% 0.00%
Net Income Growth		 -2,200.40% 110.61% 51.59% 72.52% -393.11% 0.00%
EPS Growth		 0.00% 71.86% 0.00% 0.00% 0.00% 0.00%
Operating Cash Flow Growth		 -56.04% 123.85% 80.27% -71.59% 97.66% 0.00%
Free Cash Flow Firm Growth		 75.07% 35.19% 121.47% 45.53% 0.00% 0.00%
Invested Capital Growth		 -6.37% -2.29% -0.48% 11.63% 23.73% 0.00%
Revenue Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
EBITDA Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
EBIT Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
NOPAT Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Net Income Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
EPS Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Cash Flow Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Free Cash Flow Firm Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Invested Capital Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Profitability Metrics		 - - - - - -
Gross Margin		 19.36% 17.15% 11.70% 9.22% 4.53% 8.18%
EBITDA Margin		 16.08% 31.74% 24.20% 12.23% -14.85% 5.74%
Operating Margin		 0.25% 10.72% 4.84% -5.55% -18.96% -19.60%
EBIT Margin		 -3.75% 11.98% 1.62% -5.91% -44.34% -18.14%
Profit (Net Income) Margin		 -9.33% 0.43% -4.61% -11.81% -52.54% -13.59%
Tax Burden Percent		 78.08% 16.76% 86.59% 82.42% 89.69% 74.66%
Interest Burden Percent		 318.76% 21.26% -328.73% 242.41% 132.12% 100.33%
Effective Tax Rate		 0.00% 83.24% 0.00% 0.00% 0.00% 0.00%
Return on Invested Capital (ROIC)		 0.13% 1.35% 2.20% -2.14% -6.98% -6.33%
ROIC Less NNEP Spread (ROIC-NNEP)		 -26.46% -1.70% -10.24% -13.22% -50.01% -6.23%
Return on Net Nonoperating Assets (RNNOA)		 -9.79% -0.87% -7.31% -8.55% -46.19% -10.10%
Return on Equity (ROE)		 -9.66% 0.48% -5.12% -10.69% -53.17% -16.43%
Cash Return on Invested Capital (CROIC)		 6.71% 3.67% 2.68% -13.12% -28.20% 0.00%
Operating Return on Assets (OROA)		 -1.38% 4.61% 0.56% -1.78% -13.36% -4.93%
Return on Assets (ROA)		 -3.44% 0.16% -1.59% -3.55% -15.84% -3.69%
Return on Common Equity (ROCE)		 -9.36% 0.48% -5.11% -10.69% -53.17% -16.43%
Return on Equity Simple (ROE_SIMPLE)		 -10.57% 0.45% -5.15% -10.51% -39.57% -16.43%
Net Operating Profit after Tax (NOPAT)		 9.67 103 169 -156 -437 -354
NOPAT Margin		 0.18% 1.80% 3.39% -3.89% -13.27% -13.72%
Net Nonoperating Expense Percent (NNEP)		 26.59% 3.05% 12.44% 11.09% 43.03% -0.10%
Return On Investment Capital (ROIC_SIMPLE)		 0.08% 0.82% - - - -
Cost of Revenue to Revenue		 80.64% 82.85% 88.30% 90.78% 95.47% 91.82%
SG&A Expenses to Revenue		 13.02% 12.92% 10.81% 10.95% 12.12% 11.85%
R&D to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue		 19.11% 6.43% 6.86% 14.78% 23.49% 27.78%
Earnings before Interest and Taxes (EBIT)		 -206 684 81 -238 -1,459 -468
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 883 1,813 1,208 492 -488 148
Valuation Ratios		 - - - - - -
Price to Book Value (P/BV)		 3.75 2.41 2.45 2.96 0.50 0.67
Price to Tangible Book Value (P/TBV)		 0.00 0.00 0.00 0.00 0.00 0.00
Price to Revenue (P/Rev)		 3.31 2.29 2.19 3.33 0.66 0.55
Price to Earnings (P/E)		 0.00 254.65 0.00 0.00 0.00 0.00
Dividend Yield		 0.12% 0.15% 0.16% 0.11% 0.10% 0.00%
Earnings Yield		 0.00% 0.39% 0.00% 0.00% 0.00% 0.00%
Enterprise Value to Invested Capital (EV/IC)		 3.60 2.65 2.31 2.55 1.03 1.25
Enterprise Value to Revenue (EV/Rev)		 4.60 3.48 3.55 4.90 2.16 2.71
Enterprise Value to EBITDA (EV/EBITDA)		 28.63 10.98 14.67 40.06 0.00 47.13
Enterprise Value to EBIT (EV/EBIT)		 0.00 29.07 219.46 0.00 0.00 0.00
Enterprise Value to NOPAT (EV/NOPAT)		 2,612.87 193.93 104.79 0.00 0.00 0.00
Enterprise Value to Operating Cash Flow (EV/OCF)		 20.28 7.02 13.99 28.02 2.87 5.58
Enterprise Value to Free Cash Flow (EV/FCFF)		 51.81 71.39 85.99 0.00 0.00 0.00
Leverage & Solvency		 - - - - - -
Debt to Equity		 1.45 1.25 1.59 1.43 1.13 2.81
Long-Term Debt to Equity		 1.29 1.25 1.58 1.43 1.13 2.79
Financial Leverage		 0.37 0.51 0.71 0.65 0.92 1.62
Leverage Ratio		 2.81 2.95 3.23 3.01 3.36 4.45
Compound Leverage Factor		 8.95 0.63 -10.61 7.29 4.44 4.47
Debt to Total Capital		 59.20% 55.52% 61.35% 58.85% 53.15% 73.77%
Short-Term Debt to Total Capital		 6.48% 0.06% 0.11% 0.12% 0.04% 0.61%
Long-Term Debt to Total Capital		 52.72% 55.46% 61.24% 58.72% 53.11% 73.16%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 1.37% 1.26% 0.04% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 39.43% 43.22% 38.61% 41.15% 46.85% 26.23%
Debt to EBITDA		 8.24 3.85 5.87 13.15 -10.14 40.50
Net Debt to EBITDA		 7.86 3.66 5.62 12.85 -10.10 37.51
Long-Term Debt to EBITDA		 7.34 3.85 5.86 13.12 -10.14 40.16
Debt to NOPAT		 752.10 68.08 41.91 -41.36 -11.35 -16.95
Net Debt to NOPAT		 717.77 64.72 40.13 -40.40 -11.30 -15.70
Long-Term Debt to NOPAT		 669.79 68.01 41.84 -41.27 -11.34 -16.81
Altman Z-Score		 1.13 1.14 0.73 0.84 -0.14 0.19
Noncontrolling Interest Sharing Ratio		 3.09% 1.62% 0.06% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - - - -
Current Ratio		 0.54 0.82 0.51 0.98 0.86 1.64
Quick Ratio		 0.42 0.67 0.45 0.87 0.75 1.49
Cash Flow Metrics		 - - - - - -
Free Cash Flow to Firm (FCFF)		 488 279 206 -960 -1,763 0.00
Operating Cash Flow to CapEx		 0.00% 0.00% 0.00% 231.72% 0.00% 0.00%
Free Cash Flow to Firm to Interest Expense		 1.04 0.59 0.57 -2.84 -3.76 0.00
Operating Cash Flow to Interest Expense		 2.66 5.97 3.50 2.08 5.28 0.00
Operating Cash Flow Less CapEx to Interest Expense		 2.75 6.07 3.55 1.18 5.31 0.00
Efficiency Ratios		 - - - - - -
Asset Turnover		 0.37 0.39 0.34 0.30 0.30 0.27
Accounts Receivable Turnover		 6.72 6.95 5.82 5.13 5.35 4.69
Inventory Turnover		 0.00 0.00 0.00 0.00 0.00 0.00
Fixed Asset Turnover		 0.00 0.00 0.00 0.00 0.00 0.00
Accounts Payable Turnover		 3.44 3.91 4.04 3.99 4.62 4.20
Days Sales Outstanding (DSO)		 54.31 52.55 62.68 71.18 68.22 77.80
Days Inventory Outstanding (DIO)		 0.00 0.00 0.00 0.00 0.00 0.00
Days Payable Outstanding (DPO)		 106.23 93.46 90.44 91.43 79.01 86.94
Cash Conversion Cycle (CCC)		 -51.92 -40.91 -27.76 -20.25 -10.79 -9.14
Capital & Investment Metrics		 - - - - - -
Invested Capital		 7,029 7,507 7,683 7,720 6,916 5,589
Invested Capital Turnover		 0.76 0.75 0.65 0.55 0.53 0.46
Increase / (Decrease) in Invested Capital		 -478 -176 -37 804 1,326 0.00
Enterprise Value (EV)		 25,276 19,895 17,726 19,691 7,109 6,981
Market Capitalization		 18,163 13,097 10,933 13,376 2,176 1,425
Book Value per Share		 $11.88 $14.30 $11.90 $12.74 $12.31 $1,383.95
Tangible Book Value per Share		 ($6.67) ($7.51) ($10.62) ($11.15) ($8.88) ($2,626.95)
Total Capital		 12,291 12,579 11,556 10,985 9,322 8,132
Total Debt		 7,275 6,984 7,090 6,464 4,954 5,999
Total Long-Term Debt		 6,479 6,977 7,077 6,451 4,951 5,949
Net Debt		 6,943 6,640 6,788 6,315 4,933 5,556
Capital Expenditures (CapEx)		 -43 -47 -17 303 -13 -16
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 -307 -342 -1,015 -156 -147 35
Debt-free Net Working Capital (DFNWC)		 -214 -239 -954 -7.44 -126 478
Net Working Capital (NWC)		 -1,010 -246 -967 -21 -129 428
Net Nonoperating Expense (NNE)		 522 78 399 319 1,292 -3.44
Net Nonoperating Obligations (NNO)		 2,013 1,912 3,216 3,199 2,548 3,456
Total Depreciation and Amortization (D&A)		 1,089 1,128 1,127 729 970 616
Debt-free, Cash-free Net Working Capital to Revenue		 -5.59% -5.99% -20.33% -3.89% -4.47% 1.34%
Debt-free Net Working Capital to Revenue		 -3.90% -4.19% -19.12% -0.18% -3.82% 18.51%
Net Working Capital to Revenue		 -18.40% -4.32% -19.38% -0.52% -3.93% 16.59%
Earnings Adjustments		 - - - - - -
Adjusted Basic Earnings per Share		 $0.00 $34,388,729.00 $0.00 ($1.83) ($2.80) $0.00
Adjusted Weighted Average Basic Shares Outstanding		 411.98M 407.93M 380.21M 375.06M 354.93M 0.00
Adjusted Diluted Earnings per Share		 $0.00 $0.00 $0.00 ($1.83) ($2.80) $0.00
Adjusted Weighted Average Diluted Shares Outstanding		 411.98M 407.93M 380.21M 375.06M 354.93M 0.00
Adjusted Basic & Diluted Earnings per Share		 $0.00 ($0.13) $0.00 $0.00 ($2.80) $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 411.98M 407.93M 380.21M 375.06M 354.93M 0.00
Normalized Net Operating Profit after Tax (NOPAT)		 9.67 421 172 -156 -422 -353
Normalized NOPAT Margin		 0.18% 7.38% 3.44% -3.89% -12.84% -13.70%
Pre Tax Income Margin		 -11.95% 2.55% -5.32% -14.33% -58.58% -18.20%
Debt Service Ratios		 - - - - - -
EBIT to Interest Expense		 -0.44 1.44 0.22 -0.70 -3.11 0.00
NOPAT to Interest Expense		 0.02 0.22 0.47 -0.46 -0.93 0.00
EBIT Less CapEx to Interest Expense		 -0.35 1.54 0.27 -1.60 -3.09 0.00
NOPAT Less CapEx to Interest Expense		 0.11 0.31 0.51 -1.36 -0.91 0.00
Payout Ratios		 - - - - - -
Dividend Payout Ratio		 0.00% 0.00% 0.00% -2.95% 0.00% 0.00%
Augmented Payout Ratio		 0.00% 0.00% 0.00% -2.95% 0.00% 0.00%

Quarterly Metrics And Ratios for GFL Environmental

No quarterly metrics and ratios for GFL Environmental are available.

Frequently Asked Questions About GFL Environmental's Financials

When does GFL Environmental's financial year end?

According to the most recent income statement we have on file, GFL Environmental's fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has GFL Environmental's net income changed over the last 5 years?

GFL Environmental's net income appears to be on a downward trend, with a most recent value of -$512.29 million in 2024, rising from -$350.50 million in 2019. The previous period was $24.39 million in 2023. Find out what analysts predict for GFL Environmental in the coming months.

What is GFL Environmental's operating income?
GFL Environmental's total operating income in 2024 was $13.82 million, based on the following breakdown:
  • Total Gross Profit: $1.06 billion
  • Total Operating Expenses: $1.05 billion
How has GFL Environmental revenue changed over the last 5 years?

Over the last 5 years, GFL Environmental's total revenue changed from $2.58 billion in 2019 to $5.49 billion in 2024, a change of 112.9%.

How much debt does GFL Environmental have?

GFL Environmental's total liabilities were at $9.71 billion at the end of 2024, a 2.6% increase from 2023, and a 31.9% increase since 2019.

How much cash does GFL Environmental have?

In the past 5 years, GFL Environmental's cash and equivalents has ranged from $21.32 million in 2020 to $442.98 million in 2019, and is currently $92.92 million as of their latest financial filing in 2024.

How has GFL Environmental's book value per share changed over the last 5 years?

Over the last 5 years, GFL Environmental's book value per share changed from 1,383.95 in 2019 to 11.88 in 2024, a change of -99.1%.


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This page (NYSE:GFL) was last updated on 5/28/2025 by MarketBeat.com Staff
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