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Side-by-side financial comparison of Automatic Data Processing (ADP) and CLEAN HARBORS INC (CLH). Click either name above to swap in a different company.
Automatic Data Processing is the larger business by last-quarter revenue ($5.4B vs $1.5B, roughly 3.6× CLEAN HARBORS INC). Automatic Data Processing runs the higher net margin — 19.8% vs 5.8%, a 14.0% gap on every dollar of revenue. On growth, Automatic Data Processing posted the faster year-over-year revenue change (6.2% vs 4.8%). Over the past eight quarters, CLEAN HARBORS INC's revenue compounded faster (4.4% CAGR vs 1.0%).
Automatic Data Processing, Inc. (ADP) is an American multinational provider of cloud-based human resources management, payroll processing, and professional employer organization (PEO) services, headquartered in Roseland, New Jersey.
Clean Harbors, Inc., headquartered in Norwell, Massachusetts, is a provider of waste management and industrial services for commercial customers, specializing in the collection, transportation, treatment and disposal of hazardous waste, but also offering services for non-hazardous waste. The company has 870 operating locations in 630 properties in the U.S. and Canada including a network of over 100 waste disposal facilities such as incinerators, landfills, treatment, storage and disposal faci...
ADP vs CLH — Head-to-Head
Income Statement — Q2 2026 vs Q4 2025
| Metric | | |
|---|---|---|
| Revenue | $5.4B | $1.5B |
| Net Profit | $1.1B | $86.6M |
| Gross Margin | 46.1% | 30.6% |
| Operating Margin | 25.8% | 10.6% |
| Net Margin | 19.8% | 5.8% |
| Revenue YoY | 6.2% | 4.8% |
| Net Profit YoY | 10.3% | 3.1% |
| EPS (diluted) | $2.62 | $1.62 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $5.4B | $1.5B | ||
| Q3 25 | $5.2B | $1.5B | ||
| Q2 25 | $5.1B | $1.5B | ||
| Q1 25 | $5.6B | $1.4B | ||
| Q4 24 | $5.0B | $1.4B | ||
| Q3 24 | $4.8B | $1.5B | ||
| Q2 24 | $4.8B | $1.6B | ||
| Q1 24 | $5.3B | $1.4B |
| Q4 25 | $1.1B | $86.6M | ||
| Q3 25 | $1.0B | $118.8M | ||
| Q2 25 | $910.7M | $126.9M | ||
| Q1 25 | $1.2B | $58.7M | ||
| Q4 24 | $963.2M | $84.0M | ||
| Q3 24 | $956.3M | $115.2M | ||
| Q2 24 | $829.3M | $133.3M | ||
| Q1 24 | $1.2B | $69.8M |
| Q4 25 | 46.1% | 30.6% | ||
| Q3 25 | 45.2% | 32.3% | ||
| Q2 25 | 45.1% | 33.3% | ||
| Q1 25 | 47.7% | 28.6% | ||
| Q4 24 | 45.7% | 29.9% | ||
| Q3 24 | 45.5% | 31.0% | ||
| Q2 24 | 44.8% | 33.3% | ||
| Q1 24 | 47.3% | 29.5% |
| Q4 25 | 25.8% | 10.6% | ||
| Q3 25 | 25.3% | 12.5% | ||
| Q2 25 | 23.2% | 13.6% | ||
| Q1 25 | 29.2% | 7.8% | ||
| Q4 24 | 25.0% | 9.6% | ||
| Q3 24 | 25.6% | 12.6% | ||
| Q2 24 | 22.8% | 13.9% | ||
| Q1 24 | 29.4% | 9.1% |
| Q4 25 | 19.8% | 5.8% | ||
| Q3 25 | 19.6% | 7.7% | ||
| Q2 25 | 17.8% | 8.2% | ||
| Q1 25 | 22.5% | 4.1% | ||
| Q4 24 | 19.1% | 5.9% | ||
| Q3 24 | 19.8% | 7.5% | ||
| Q2 24 | 17.4% | 8.6% | ||
| Q1 24 | 22.6% | 5.1% |
| Q4 25 | $2.62 | $1.62 | ||
| Q3 25 | $2.49 | $2.21 | ||
| Q2 25 | $2.23 | $2.36 | ||
| Q1 25 | $3.06 | $1.09 | ||
| Q4 24 | $2.35 | $1.55 | ||
| Q3 24 | $2.34 | $2.12 | ||
| Q2 24 | $2.01 | $2.46 | ||
| Q1 24 | $2.88 | $1.29 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $2.5B | $127.4M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $6.4B | $2.7B |
| Total Assets | $84.6B | $7.6B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $2.5B | $127.4M | ||
| Q3 25 | $7.9B | $91.2M | ||
| Q2 25 | $7.8B | $98.9M | ||
| Q1 25 | $2.7B | $105.9M | ||
| Q4 24 | $2.2B | $102.6M | ||
| Q3 24 | $7.3B | $82.4M | ||
| Q2 24 | $3.3B | $91.3M | ||
| Q1 24 | $3.3B | $104.8M |
| Q4 25 | $6.4B | $2.7B | ||
| Q3 25 | $6.4B | $2.8B | ||
| Q2 25 | $6.2B | $2.7B | ||
| Q1 25 | $5.9B | $2.6B | ||
| Q4 24 | $5.1B | $2.6B | ||
| Q3 24 | $5.3B | $2.5B | ||
| Q2 24 | $4.5B | $2.4B | ||
| Q1 24 | $4.6B | $2.3B |
| Q4 25 | $84.6B | $7.6B | ||
| Q3 25 | $54.3B | $7.5B | ||
| Q2 25 | $53.4B | $7.4B | ||
| Q1 25 | $56.4B | $7.2B | ||
| Q4 24 | $64.1B | $7.4B | ||
| Q3 24 | $49.5B | $7.3B | ||
| Q2 24 | $54.4B | $7.1B | ||
| Q1 24 | $64.2B | $6.9B |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $1.1B | $355.1M |
| Free Cash FlowOCF − Capex | — | $233.3M |
| FCF MarginFCF / Revenue | — | 15.6% |
| Capex IntensityCapex / Revenue | — | 8.1% |
| Cash ConversionOCF / Net Profit | 1.07× | 4.10× |
| TTM Free Cash FlowTrailing 4 quarters | — | $441.8M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.1B | $355.1M | ||
| Q3 25 | $642.3M | $302.0M | ||
| Q2 25 | $1.4B | $208.0M | ||
| Q1 25 | $1.5B | $1.6M | ||
| Q4 24 | $1.2B | $303.9M | ||
| Q3 24 | $824.4M | $239.2M | ||
| Q2 24 | $1.3B | $216.0M | ||
| Q1 24 | $1.5B | $18.5M |
| Q4 25 | — | $233.3M | ||
| Q3 25 | — | $207.5M | ||
| Q2 25 | — | $118.0M | ||
| Q1 25 | — | $-117.1M | ||
| Q4 24 | — | $241.5M | ||
| Q3 24 | — | $142.4M | ||
| Q2 24 | — | $80.9M | ||
| Q1 24 | — | $-119.4M |
| Q4 25 | — | 15.6% | ||
| Q3 25 | — | 13.4% | ||
| Q2 25 | — | 7.6% | ||
| Q1 25 | — | -8.2% | ||
| Q4 24 | — | 16.9% | ||
| Q3 24 | — | 9.3% | ||
| Q2 24 | — | 5.2% | ||
| Q1 24 | — | -8.7% |
| Q4 25 | — | 8.1% | ||
| Q3 25 | — | 6.1% | ||
| Q2 25 | — | 5.8% | ||
| Q1 25 | — | 8.3% | ||
| Q4 24 | — | 4.4% | ||
| Q3 24 | — | 6.3% | ||
| Q2 24 | — | 8.7% | ||
| Q1 24 | — | 10.0% |
| Q4 25 | 1.07× | 4.10× | ||
| Q3 25 | 0.63× | 2.54× | ||
| Q2 25 | 1.58× | 1.64× | ||
| Q1 25 | 1.22× | 0.03× | ||
| Q4 24 | 1.19× | 3.62× | ||
| Q3 24 | 0.86× | 2.08× | ||
| Q2 24 | 1.57× | 1.62× | ||
| Q1 24 | 1.26× | 0.27× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ADP
| HCM | $2.2B | 42% |
| PEO Zero Margin Benefits Pass Throughs | $1.1B | 21% |
| HRO | $979.3M | 18% |
| Global | $709.3M | 13% |
| Interest On Funds Held For Clients | $308.6M | 6% |
CLH
| Technical Services | $479.3M | 32% |
| Safetly Kleen Environmental Services | $252.9M | 17% |
| Fieldand Emergency Response | $246.6M | 16% |
| Products | $205.3M | 14% |
| Safety Kleen Sustainability Solutions Segment | $188.4M | 13% |
| Safety Kleen Oil | $132.6M | 9% |
