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Side-by-side financial comparison of CLEAN HARBORS INC (CLH) and Cushman & Wakefield Ltd. (CWK). Click either name above to swap in a different company.
Cushman & Wakefield Ltd. is the larger business by last-quarter revenue ($2.9B vs $1.5B, roughly 1.9× CLEAN HARBORS INC). CLEAN HARBORS INC runs the higher net margin — 5.8% vs -0.8%, a 6.5% gap on every dollar of revenue. On growth, Cushman & Wakefield Ltd. posted the faster year-over-year revenue change (10.8% vs 4.8%). Cushman & Wakefield Ltd. produced more free cash flow last quarter ($234.3M vs $233.3M). Over the past eight quarters, Cushman & Wakefield Ltd.'s revenue compounded faster (15.5% CAGR vs 4.4%).
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...
Cushman & Wakefield Inc. is an American global commercial real estate and property management services firm. The company's corporate headquarters is located in Chicago, Illinois. It is named after co-founders J. Clydesdale Cushman and Bernard Wakefield.
CLH vs CWK — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.5B | $2.9B |
| Net Profit | $86.6M | $-22.4M |
| Gross Margin | 30.6% | — |
| Operating Margin | 10.6% | 6.1% |
| Net Margin | 5.8% | -0.8% |
| Revenue YoY | 4.8% | 10.8% |
| Net Profit YoY | 3.1% | -119.8% |
| EPS (diluted) | $1.62 | $-0.10 |
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 | $1.5B | $2.9B | ||
| Q3 25 | $1.5B | $2.6B | ||
| Q2 25 | $1.5B | $2.5B | ||
| Q1 25 | $1.4B | $2.3B | ||
| Q4 24 | $1.4B | $2.6B | ||
| Q3 24 | $1.5B | $2.3B | ||
| Q2 24 | $1.6B | $2.3B | ||
| Q1 24 | $1.4B | $2.2B |
| Q4 25 | $86.6M | $-22.4M | ||
| Q3 25 | $118.8M | $51.4M | ||
| Q2 25 | $126.9M | $57.3M | ||
| Q1 25 | $58.7M | $1.9M | ||
| Q4 24 | $84.0M | $112.9M | ||
| Q3 24 | $115.2M | $33.7M | ||
| Q2 24 | $133.3M | $13.5M | ||
| Q1 24 | $69.8M | $-28.8M |
| Q4 25 | 30.6% | — | ||
| Q3 25 | 32.3% | — | ||
| Q2 25 | 33.3% | — | ||
| Q1 25 | 28.6% | — | ||
| Q4 24 | 29.9% | — | ||
| Q3 24 | 31.0% | — | ||
| Q2 24 | 33.3% | — | ||
| Q1 24 | 29.5% | — |
| Q4 25 | 10.6% | 6.1% | ||
| Q3 25 | 12.5% | 4.1% | ||
| Q2 25 | 13.6% | 4.9% | ||
| Q1 25 | 7.8% | 2.0% | ||
| Q4 24 | 9.6% | 6.6% | ||
| Q3 24 | 12.6% | 3.2% | ||
| Q2 24 | 13.9% | 3.1% | ||
| Q1 24 | 9.1% | 0.9% |
| Q4 25 | 5.8% | -0.8% | ||
| Q3 25 | 7.7% | 2.0% | ||
| Q2 25 | 8.2% | 2.3% | ||
| Q1 25 | 4.1% | 0.1% | ||
| Q4 24 | 5.9% | 4.3% | ||
| Q3 24 | 7.5% | 1.4% | ||
| Q2 24 | 8.6% | 0.6% | ||
| Q1 24 | 5.1% | -1.3% |
| Q4 25 | $1.62 | $-0.10 | ||
| Q3 25 | $2.21 | $0.22 | ||
| Q2 25 | $2.36 | $0.25 | ||
| Q1 25 | $1.09 | $0.01 | ||
| Q4 24 | $1.55 | $0.49 | ||
| Q3 24 | $2.12 | $0.14 | ||
| Q2 24 | $2.46 | $0.06 | ||
| Q1 24 | $1.29 | $-0.13 |
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 | $784.2M |
| Total DebtLower is stronger | — | $2.7B |
| Stockholders' EquityBook value | $2.7B | $2.0B |
| Total Assets | $7.6B | $7.7B |
| Debt / EquityLower = less leverage | — | 1.40× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $127.4M | $784.2M | ||
| Q3 25 | $91.2M | $634.4M | ||
| Q2 25 | $98.9M | $618.2M | ||
| Q1 25 | $105.9M | $623.2M | ||
| Q4 24 | $102.6M | $793.3M | ||
| Q3 24 | $82.4M | $775.4M | ||
| Q2 24 | $91.3M | $567.3M | ||
| Q1 24 | $104.8M | $553.5M |
| Q4 25 | — | $2.7B | ||
| Q3 25 | — | $2.8B | ||
| Q2 25 | — | $3.0B | ||
| Q1 25 | — | $3.0B | ||
| Q4 24 | — | $3.0B | ||
| Q3 24 | — | $3.1B | ||
| Q2 24 | — | $3.1B | ||
| Q1 24 | — | $3.2B |
| Q4 25 | $2.7B | $2.0B | ||
| Q3 25 | $2.8B | $2.0B | ||
| Q2 25 | $2.7B | $1.9B | ||
| Q1 25 | $2.6B | $1.8B | ||
| Q4 24 | $2.6B | $1.8B | ||
| Q3 24 | $2.5B | $1.7B | ||
| Q2 24 | $2.4B | $1.6B | ||
| Q1 24 | $2.3B | $1.6B |
| Q4 25 | $7.6B | $7.7B | ||
| Q3 25 | $7.5B | $7.7B | ||
| Q2 25 | $7.4B | $7.6B | ||
| Q1 25 | $7.2B | $7.4B | ||
| Q4 24 | $7.4B | $7.5B | ||
| Q3 24 | $7.3B | $7.5B | ||
| Q2 24 | $7.1B | $7.3B | ||
| Q1 24 | $6.9B | $7.5B |
| Q4 25 | — | 1.40× | ||
| Q3 25 | — | 1.45× | ||
| Q2 25 | — | 1.57× | ||
| Q1 25 | — | 1.70× | ||
| Q4 24 | — | 1.73× | ||
| Q3 24 | — | 1.81× | ||
| Q2 24 | — | 1.91× | ||
| Q1 24 | — | 1.96× |
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 | $257.3M |
| Free Cash FlowOCF − Capex | $233.3M | $234.3M |
| FCF MarginFCF / Revenue | 15.6% | 8.0% |
| Capex IntensityCapex / Revenue | 8.1% | 0.8% |
| Cash ConversionOCF / Net Profit | 4.10× | — |
| TTM Free Cash FlowTrailing 4 quarters | $441.8M | $293.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $355.1M | $257.3M | ||
| Q3 25 | $302.0M | $235.5M | ||
| Q2 25 | $208.0M | $9.6M | ||
| Q1 25 | $1.6M | $-162.0M | ||
| Q4 24 | $303.9M | $115.2M | ||
| Q3 24 | $239.2M | $196.1M | ||
| Q2 24 | $216.0M | $21.8M | ||
| Q1 24 | $18.5M | $-125.1M |
| Q4 25 | $233.3M | $234.3M | ||
| Q3 25 | $207.5M | $225.0M | ||
| Q2 25 | $118.0M | $300.0K | ||
| Q1 25 | $-117.1M | $-166.6M | ||
| Q4 24 | $241.5M | $105.9M | ||
| Q3 24 | $142.4M | $186.7M | ||
| Q2 24 | $80.9M | $10.0M | ||
| Q1 24 | $-119.4M | $-135.6M |
| Q4 25 | 15.6% | 8.0% | ||
| Q3 25 | 13.4% | 8.6% | ||
| Q2 25 | 7.6% | 0.0% | ||
| Q1 25 | -8.2% | -7.3% | ||
| Q4 24 | 16.9% | 4.0% | ||
| Q3 24 | 9.3% | 8.0% | ||
| Q2 24 | 5.2% | 0.4% | ||
| Q1 24 | -8.7% | -6.2% |
| Q4 25 | 8.1% | 0.8% | ||
| Q3 25 | 6.1% | 0.4% | ||
| Q2 25 | 5.8% | 0.4% | ||
| Q1 25 | 8.3% | 0.2% | ||
| Q4 24 | 4.4% | 0.4% | ||
| Q3 24 | 6.3% | 0.4% | ||
| Q2 24 | 8.7% | 0.5% | ||
| Q1 24 | 10.0% | 0.5% |
| Q4 25 | 4.10× | — | ||
| Q3 25 | 2.54× | 4.58× | ||
| Q2 25 | 1.64× | 0.17× | ||
| Q1 25 | 0.03× | -85.26× | ||
| Q4 24 | 3.62× | 1.02× | ||
| Q3 24 | 2.08× | 5.82× | ||
| Q2 24 | 1.62× | 1.61× | ||
| Q1 24 | 0.27× | — |
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% |
CWK
| Equity Method Investment Nonconsolidated Investee Or Group Of Investees | $1.8B | 61% |
| Other | $1.1B | 39% |
