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Side-by-side financial comparison of CLEAN HARBORS INC (CLH) and F5, Inc. (FFIV). Click either name above to swap in a different company.
CLEAN HARBORS INC is the larger business by last-quarter revenue ($1.5B vs $811.7M, roughly 1.8× F5, Inc.). F5, Inc. runs the higher net margin — 18.2% vs 5.8%, a 12.5% gap on every dollar of revenue. On growth, F5, Inc. posted the faster year-over-year revenue change (11.0% vs 4.8%). Over the past eight quarters, F5, Inc.'s revenue compounded faster (8.0% 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...
F5, Inc. is an American technology company specializing in application security, multi-cloud management, online fraud prevention, application delivery networking (ADN), application availability and performance, and network security, access, and authorization.
CLH vs FFIV — Head-to-Head
Income Statement — Q4 FY2025 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.5B | $811.7M |
| Net Profit | $86.6M | $148.0M |
| Gross Margin | 30.6% | 81.4% |
| Operating Margin | 10.6% | 22.1% |
| Net Margin | 5.8% | 18.2% |
| Revenue YoY | 4.8% | 11.0% |
| Net Profit YoY | 3.1% | 1.5% |
| EPS (diluted) | $1.62 | $2.58 |
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 | — | $811.7M | ||
| Q4 25 | $1.5B | $822.5M | ||
| Q3 25 | $1.5B | $810.1M | ||
| Q2 25 | $1.5B | $780.4M | ||
| Q1 25 | $1.4B | $731.1M | ||
| Q4 24 | $1.4B | $766.5M | ||
| Q3 24 | $1.5B | $746.7M | ||
| Q2 24 | $1.6B | $695.5M |
| Q1 26 | — | $148.0M | ||
| Q4 25 | $86.6M | $180.1M | ||
| Q3 25 | $118.8M | $190.5M | ||
| Q2 25 | $126.9M | $189.9M | ||
| Q1 25 | $58.7M | $145.5M | ||
| Q4 24 | $84.0M | $166.4M | ||
| Q3 24 | $115.2M | $165.3M | ||
| Q2 24 | $133.3M | $144.1M |
| Q1 26 | — | 81.4% | ||
| Q4 25 | 30.6% | 81.5% | ||
| Q3 25 | 32.3% | 82.2% | ||
| Q2 25 | 33.3% | 81.0% | ||
| Q1 25 | 28.6% | 80.7% | ||
| Q4 24 | 29.9% | 81.7% | ||
| Q3 24 | 31.0% | 80.8% | ||
| Q2 24 | 33.3% | 80.4% |
| Q1 26 | — | 22.1% | ||
| Q4 25 | 10.6% | 26.0% | ||
| Q3 25 | 12.5% | 25.4% | ||
| Q2 25 | 13.6% | 25.2% | ||
| Q1 25 | 7.8% | 21.7% | ||
| Q4 24 | 9.6% | 26.8% | ||
| Q3 24 | 12.6% | 25.6% | ||
| Q2 24 | 13.9% | 23.4% |
| Q1 26 | — | 18.2% | ||
| Q4 25 | 5.8% | 21.9% | ||
| Q3 25 | 7.7% | 23.5% | ||
| Q2 25 | 8.2% | 24.3% | ||
| Q1 25 | 4.1% | 19.9% | ||
| Q4 24 | 5.9% | 21.7% | ||
| Q3 24 | 7.5% | 22.1% | ||
| Q2 24 | 8.6% | 20.7% |
| Q1 26 | — | $2.58 | ||
| Q4 25 | $1.62 | $3.10 | ||
| Q3 25 | $2.21 | $3.25 | ||
| Q2 25 | $2.36 | $3.25 | ||
| Q1 25 | $1.09 | $2.48 | ||
| Q4 24 | $1.55 | $2.82 | ||
| Q3 24 | $2.12 | $2.79 | ||
| Q2 24 | $2.46 | $2.44 |
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 | $1.4B |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $2.7B | $3.6B |
| Total Assets | $7.6B | $6.5B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $1.4B | ||
| Q4 25 | $127.4M | $1.2B | ||
| Q3 25 | $91.2M | $1.3B | ||
| Q2 25 | $98.9M | $1.4B | ||
| Q1 25 | $105.9M | $1.3B | ||
| Q4 24 | $102.6M | $1.2B | ||
| Q3 24 | $82.4M | $1.1B | ||
| Q2 24 | $91.3M | $935.6M |
| Q1 26 | — | $3.6B | ||
| Q4 25 | $2.7B | $3.5B | ||
| Q3 25 | $2.8B | $3.6B | ||
| Q2 25 | $2.7B | $3.5B | ||
| Q1 25 | $2.6B | $3.3B | ||
| Q4 24 | $2.6B | $3.2B | ||
| Q3 24 | $2.5B | $3.1B | ||
| Q2 24 | $2.4B | $3.0B |
| Q1 26 | — | $6.5B | ||
| Q4 25 | $7.6B | $6.3B | ||
| Q3 25 | $7.5B | $6.3B | ||
| Q2 25 | $7.4B | $6.1B | ||
| Q1 25 | $7.2B | $5.9B | ||
| Q4 24 | $7.4B | $5.9B | ||
| Q3 24 | $7.3B | $5.6B | ||
| Q2 24 | $7.1B | $5.4B |
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 | $525.1M |
| Free Cash FlowOCF − Capex | $233.3M | — |
| FCF MarginFCF / Revenue | 15.6% | — |
| Capex IntensityCapex / Revenue | 8.1% | — |
| Cash ConversionOCF / Net Profit | 4.10× | 3.55× |
| TTM Free Cash FlowTrailing 4 quarters | $441.8M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $525.1M | ||
| Q4 25 | $355.1M | $159.2M | ||
| Q3 25 | $302.0M | $208.1M | ||
| Q2 25 | $208.0M | $282.2M | ||
| Q1 25 | $1.6M | $256.6M | ||
| Q4 24 | $303.9M | $202.8M | ||
| Q3 24 | $239.2M | $246.5M | ||
| Q2 24 | $216.0M | $159.0M |
| Q1 26 | — | — | ||
| Q4 25 | $233.3M | $149.5M | ||
| Q3 25 | $207.5M | $191.9M | ||
| Q2 25 | $118.0M | $273.7M | ||
| Q1 25 | $-117.1M | $246.1M | ||
| Q4 24 | $241.5M | $194.7M | ||
| Q3 24 | $142.4M | $240.4M | ||
| Q2 24 | $80.9M | $153.1M |
| Q1 26 | — | — | ||
| Q4 25 | 15.6% | 18.2% | ||
| Q3 25 | 13.4% | 23.7% | ||
| Q2 25 | 7.6% | 35.1% | ||
| Q1 25 | -8.2% | 33.7% | ||
| Q4 24 | 16.9% | 25.4% | ||
| Q3 24 | 9.3% | 32.2% | ||
| Q2 24 | 5.2% | 22.0% |
| Q1 26 | — | — | ||
| Q4 25 | 8.1% | 1.2% | ||
| Q3 25 | 6.1% | 2.0% | ||
| Q2 25 | 5.8% | 1.1% | ||
| Q1 25 | 8.3% | 1.4% | ||
| Q4 24 | 4.4% | 1.1% | ||
| Q3 24 | 6.3% | 0.8% | ||
| Q2 24 | 8.7% | 0.8% |
| Q1 26 | — | 3.55× | ||
| Q4 25 | 4.10× | 0.88× | ||
| Q3 25 | 2.54× | 1.09× | ||
| Q2 25 | 1.64× | 1.49× | ||
| Q1 25 | 0.03× | 1.76× | ||
| Q4 24 | 3.62× | 1.22× | ||
| Q3 24 | 2.08× | 1.49× | ||
| Q2 24 | 1.62× | 1.10× |
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% |
FFIV
Segment breakdown not available.
