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Side-by-side financial comparison of CLEAN HARBORS INC (CLH) and CVR ENERGY INC (CVI). Click either name above to swap in a different company.
CVR ENERGY INC is the larger business by last-quarter revenue ($2.0B vs $1.5B, roughly 1.3× CLEAN HARBORS INC). CLEAN HARBORS INC runs the higher net margin — 5.8% vs -8.1%, a 13.9% gap on every dollar of revenue. On growth, CVR ENERGY INC posted the faster year-over-year revenue change (20.3% vs 4.8%). CLEAN HARBORS INC produced more free cash flow last quarter ($233.3M vs $21.0M). Over the past eight quarters, CLEAN HARBORS INC's revenue compounded faster (4.4% CAGR vs 0.3%).
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...
CVR Energy Inc is a United States-based energy holding company operating two core segments: petroleum refining and nitrogen fertilizer manufacturing. It produces a wide range of products including gasoline, diesel, jet fuel, and agricultural fertilizers, primarily serving commercial, industrial and agricultural customers across North America.
CLH vs CVI — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.5B | $2.0B |
| Net Profit | $86.6M | $-160.0M |
| Gross Margin | 30.6% | -5.2% |
| Operating Margin | 10.6% | — |
| Net Margin | 5.8% | -8.1% |
| Revenue YoY | 4.8% | 20.3% |
| Net Profit YoY | 3.1% | -56.1% |
| EPS (diluted) | $1.62 | $-1.91 |
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 | — | $2.0B | ||
| Q4 25 | $1.5B | $1.8B | ||
| Q3 25 | $1.5B | $1.9B | ||
| Q2 25 | $1.5B | $1.8B | ||
| Q1 25 | $1.4B | $1.6B | ||
| Q4 24 | $1.4B | $1.9B | ||
| Q3 24 | $1.5B | $1.8B | ||
| Q2 24 | $1.6B | $2.0B |
| Q1 26 | — | $-160.0M | ||
| Q4 25 | $86.6M | $-110.0M | ||
| Q3 25 | $118.8M | $374.0M | ||
| Q2 25 | $126.9M | $-114.0M | ||
| Q1 25 | $58.7M | $-123.0M | ||
| Q4 24 | $84.0M | $28.0M | ||
| Q3 24 | $115.2M | $-124.0M | ||
| Q2 24 | $133.3M | $21.0M |
| Q1 26 | — | -5.2% | ||
| Q4 25 | 30.6% | -3.1% | ||
| Q3 25 | 32.3% | 28.8% | ||
| Q2 25 | 33.3% | -3.7% | ||
| Q1 25 | 28.6% | -5.5% | ||
| Q4 24 | 29.9% | 3.0% | ||
| Q3 24 | 31.0% | -3.9% | ||
| Q2 24 | 33.3% | 2.9% |
| Q1 26 | — | — | ||
| Q4 25 | 10.6% | -5.3% | ||
| Q3 25 | 12.5% | 26.3% | ||
| Q2 25 | 13.6% | -5.8% | ||
| Q1 25 | 7.8% | -8.0% | ||
| Q4 24 | 9.6% | 1.1% | ||
| Q3 24 | 12.6% | -6.2% | ||
| Q2 24 | 13.9% | 1.4% |
| Q1 26 | — | -8.1% | ||
| Q4 25 | 5.8% | -6.1% | ||
| Q3 25 | 7.7% | 19.2% | ||
| Q2 25 | 8.2% | -6.5% | ||
| Q1 25 | 4.1% | -7.5% | ||
| Q4 24 | 5.9% | 1.4% | ||
| Q3 24 | 7.5% | -6.8% | ||
| Q2 24 | 8.6% | 1.1% |
| Q1 26 | — | $-1.91 | ||
| Q4 25 | $1.62 | $-1.09 | ||
| Q3 25 | $2.21 | $3.72 | ||
| Q2 25 | $2.36 | $-1.14 | ||
| Q1 25 | $1.09 | $-1.22 | ||
| Q4 24 | $1.55 | $0.28 | ||
| Q3 24 | $2.12 | $-1.24 | ||
| Q2 24 | $2.46 | $0.21 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $127.4M | $512.0M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $2.7B | — |
| Total Assets | $7.6B | $3.9B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $512.0M | ||
| Q4 25 | $127.4M | $511.0M | ||
| Q3 25 | $91.2M | $670.0M | ||
| Q2 25 | $98.9M | $596.0M | ||
| Q1 25 | $105.9M | $695.0M | ||
| Q4 24 | $102.6M | $987.0M | ||
| Q3 24 | $82.4M | $534.0M | ||
| Q2 24 | $91.3M | $586.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | $1.8B | ||
| Q3 25 | — | $1.8B | ||
| Q2 25 | — | $1.8B | ||
| Q1 25 | — | $1.9B | ||
| Q4 24 | — | $1.9B | ||
| Q3 24 | — | $1.6B | ||
| Q2 24 | — | $1.6B |
| Q1 26 | — | — | ||
| Q4 25 | $2.7B | $730.0M | ||
| Q3 25 | $2.8B | $840.0M | ||
| Q2 25 | $2.7B | $466.0M | ||
| Q1 25 | $2.6B | $580.0M | ||
| Q4 24 | $2.6B | $703.0M | ||
| Q3 24 | $2.5B | $675.0M | ||
| Q2 24 | $2.4B | $849.0M |
| Q1 26 | — | $3.9B | ||
| Q4 25 | $7.6B | $3.7B | ||
| Q3 25 | $7.5B | $4.0B | ||
| Q2 25 | $7.4B | $4.0B | ||
| Q1 25 | $7.2B | $4.3B | ||
| Q4 24 | $7.4B | $4.3B | ||
| Q3 24 | $7.3B | $3.9B | ||
| Q2 24 | $7.1B | $4.0B |
| Q1 26 | — | — | ||
| Q4 25 | — | 2.40× | ||
| Q3 25 | — | 2.17× | ||
| Q2 25 | — | 3.97× | ||
| Q1 25 | — | 3.29× | ||
| Q4 24 | — | 2.71× | ||
| Q3 24 | — | 2.33× | ||
| Q2 24 | — | 1.86× |
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 | $21.0M |
| FCF MarginFCF / Revenue | 15.6% | 1.1% |
| Capex IntensityCapex / Revenue | 8.1% | 1.5% |
| 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 | $355.1M | $0 | ||
| Q3 25 | $302.0M | $163.0M | ||
| Q2 25 | $208.0M | $176.0M | ||
| Q1 25 | $1.6M | $-195.0M | ||
| Q4 24 | $303.9M | $98.0M | ||
| Q3 24 | $239.2M | $48.0M | ||
| Q2 24 | $216.0M | $81.0M |
| Q1 26 | — | $21.0M | ||
| Q4 25 | $233.3M | — | ||
| Q3 25 | $207.5M | $125.0M | ||
| Q2 25 | $118.0M | $135.0M | ||
| Q1 25 | $-117.1M | $-246.0M | ||
| Q4 24 | $241.5M | $43.0M | ||
| Q3 24 | $142.4M | $14.0M | ||
| Q2 24 | $80.9M | $38.0M |
| Q1 26 | — | 1.1% | ||
| Q4 25 | 15.6% | — | ||
| Q3 25 | 13.4% | 6.4% | ||
| Q2 25 | 7.6% | 7.7% | ||
| Q1 25 | -8.2% | -14.9% | ||
| Q4 24 | 16.9% | 2.2% | ||
| Q3 24 | 9.3% | 0.8% | ||
| Q2 24 | 5.2% | 1.9% |
| Q1 26 | — | 1.5% | ||
| Q4 25 | 8.1% | 3.0% | ||
| Q3 25 | 6.1% | 2.0% | ||
| Q2 25 | 5.8% | 2.3% | ||
| Q1 25 | 8.3% | 3.1% | ||
| Q4 24 | 4.4% | 2.8% | ||
| Q3 24 | 6.3% | 1.9% | ||
| Q2 24 | 8.7% | 2.2% |
| Q1 26 | — | — | ||
| Q4 25 | 4.10× | — | ||
| Q3 25 | 2.54× | 0.44× | ||
| Q2 25 | 1.64× | — | ||
| Q1 25 | 0.03× | — | ||
| Q4 24 | 3.62× | 3.50× | ||
| Q3 24 | 2.08× | — | ||
| Q2 24 | 1.62× | 3.86× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
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% |
CVI
Segment breakdown not available.
