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Side-by-side financial comparison of BXP, Inc. (BXP) and CLEAN HARBORS INC (CLH). Click either name above to swap in a different company.
CLEAN HARBORS INC is the larger business by last-quarter revenue ($1.5B vs $872.1M, roughly 1.7× BXP, Inc.). BXP, Inc. runs the higher net margin — 15.3% vs 5.8%, a 9.5% gap on every dollar of revenue. On growth, CLEAN HARBORS INC posted the faster year-over-year revenue change (4.8% vs 0.8%). Over the past eight quarters, CLEAN HARBORS INC's revenue compounded faster (4.4% CAGR vs 1.3%).
BXP Inc., operating as Boston Properties, is a leading U.S. real estate investment trust focused on owning, managing and developing high-quality Class A commercial office properties across major U.S. metro markets, serving diverse corporate, tech and professional service tenants.
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...
BXP vs CLH — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $872.1M | $1.5B |
| Net Profit | $133.0M | $86.6M |
| Gross Margin | — | 30.6% |
| Operating Margin | — | 10.6% |
| Net Margin | 15.3% | 5.8% |
| Revenue YoY | 0.8% | 4.8% |
| Net Profit YoY | 53.0% | 3.1% |
| EPS (diluted) | $1.69 | $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.
| Q1 26 | $872.1M | — | ||
| Q4 25 | $877.1M | $1.5B | ||
| Q3 25 | $871.5M | $1.5B | ||
| Q2 25 | $868.5M | $1.5B | ||
| Q1 25 | $865.2M | $1.4B | ||
| Q4 24 | $858.6M | $1.4B | ||
| Q3 24 | $859.2M | $1.5B | ||
| Q2 24 | $850.5M | $1.6B |
| Q1 26 | $133.0M | — | ||
| Q4 25 | $248.4M | $86.6M | ||
| Q3 25 | $-121.7M | $118.8M | ||
| Q2 25 | $89.0M | $126.9M | ||
| Q1 25 | $61.2M | $58.7M | ||
| Q4 24 | $-228.9M | $84.0M | ||
| Q3 24 | $83.6M | $115.2M | ||
| Q2 24 | $79.6M | $133.3M |
| Q1 26 | — | — | ||
| Q4 25 | 58.8% | 30.6% | ||
| Q3 25 | 59.3% | 32.3% | ||
| Q2 25 | 59.2% | 33.3% | ||
| Q1 25 | 59.2% | 28.6% | ||
| Q4 24 | 59.7% | 29.9% | ||
| Q3 24 | 59.5% | 31.0% | ||
| Q2 24 | 59.8% | 33.3% |
| Q1 26 | — | — | ||
| Q4 25 | — | 10.6% | ||
| Q3 25 | — | 12.5% | ||
| Q2 25 | — | 13.6% | ||
| Q1 25 | — | 7.8% | ||
| Q4 24 | — | 9.6% | ||
| Q3 24 | — | 12.6% | ||
| Q2 24 | — | 13.9% |
| Q1 26 | 15.3% | — | ||
| Q4 25 | 28.3% | 5.8% | ||
| Q3 25 | -14.0% | 7.7% | ||
| Q2 25 | 10.2% | 8.2% | ||
| Q1 25 | 7.1% | 4.1% | ||
| Q4 24 | -26.7% | 5.9% | ||
| Q3 24 | 9.7% | 7.5% | ||
| Q2 24 | 9.4% | 8.6% |
| Q1 26 | $1.69 | — | ||
| Q4 25 | $1.56 | $1.62 | ||
| Q3 25 | $-0.77 | $2.21 | ||
| Q2 25 | $0.56 | $2.36 | ||
| Q1 25 | $0.39 | $1.09 | ||
| Q4 24 | $-1.46 | $1.55 | ||
| Q3 24 | $0.53 | $2.12 | ||
| Q2 24 | $0.51 | $2.46 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $512.8M | $127.4M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $7.7B | $2.7B |
| Total Assets | $25.1B | $7.6B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $512.8M | — | ||
| Q4 25 | $1.5B | $127.4M | ||
| Q3 25 | $861.1M | $91.2M | ||
| Q2 25 | $447.0M | $98.9M | ||
| Q1 25 | $398.1M | $105.9M | ||
| Q4 24 | $1.3B | $102.6M | ||
| Q3 24 | $1.4B | $82.4M | ||
| Q2 24 | $685.4M | $91.3M |
| Q1 26 | $7.7B | — | ||
| Q4 25 | $5.1B | $2.7B | ||
| Q3 25 | $5.0B | $2.8B | ||
| Q2 25 | $5.3B | $2.7B | ||
| Q1 25 | $5.3B | $2.6B | ||
| Q4 24 | $5.4B | $2.6B | ||
| Q3 24 | $5.8B | $2.5B | ||
| Q2 24 | $5.8B | $2.4B |
| Q1 26 | $25.1B | — | ||
| Q4 25 | $26.2B | $7.6B | ||
| Q3 25 | $26.0B | $7.5B | ||
| Q2 25 | $25.6B | $7.4B | ||
| Q1 25 | $25.4B | $7.2B | ||
| Q4 24 | $26.1B | $7.4B | ||
| Q3 24 | $26.4B | $7.3B | ||
| Q2 24 | $25.5B | $7.1B |
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 | — | $355.1M |
| Free Cash FlowOCF − Capex | — | $233.3M |
| FCF MarginFCF / Revenue | — | 15.6% |
| Capex IntensityCapex / Revenue | 1.5% | 8.1% |
| Cash ConversionOCF / Net Profit | — | 4.10× |
| TTM Free Cash FlowTrailing 4 quarters | — | $441.8M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $407.8M | $355.1M | ||
| Q3 25 | $274.2M | $302.0M | ||
| Q2 25 | $353.1M | $208.0M | ||
| Q1 25 | $210.0M | $1.6M | ||
| Q4 24 | $383.7M | $303.9M | ||
| Q3 24 | $286.1M | $239.2M | ||
| Q2 24 | $367.1M | $216.0M |
| Q1 26 | — | — | ||
| Q4 25 | $362.7M | $233.3M | ||
| Q3 25 | $231.6M | $207.5M | ||
| Q2 25 | $281.5M | $118.0M | ||
| Q1 25 | $152.6M | $-117.1M | ||
| Q4 24 | $312.5M | $241.5M | ||
| Q3 24 | $234.5M | $142.4M | ||
| Q2 24 | $332.4M | $80.9M |
| Q1 26 | — | — | ||
| Q4 25 | 41.4% | 15.6% | ||
| Q3 25 | 26.6% | 13.4% | ||
| Q2 25 | 32.4% | 7.6% | ||
| Q1 25 | 17.6% | -8.2% | ||
| Q4 24 | 36.4% | 16.9% | ||
| Q3 24 | 27.3% | 9.3% | ||
| Q2 24 | 39.1% | 5.2% |
| Q1 26 | 1.5% | — | ||
| Q4 25 | 5.1% | 8.1% | ||
| Q3 25 | 4.9% | 6.1% | ||
| Q2 25 | 8.2% | 5.8% | ||
| Q1 25 | 6.6% | 8.3% | ||
| Q4 24 | 8.3% | 4.4% | ||
| Q3 24 | 6.0% | 6.3% | ||
| Q2 24 | 4.1% | 8.7% |
| Q1 26 | — | — | ||
| Q4 25 | 1.64× | 4.10× | ||
| Q3 25 | — | 2.54× | ||
| Q2 25 | 3.97× | 1.64× | ||
| Q1 25 | 3.43× | 0.03× | ||
| Q4 24 | — | 3.62× | ||
| Q3 24 | 3.42× | 2.08× | ||
| Q2 24 | 4.61× | 1.62× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BXP
| Lease | $818.2M | 94% |
| Parking and other | $30.8M | 4% |
| Development and management services | $9.2M | 1% |
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% |
