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Side-by-side financial comparison of CLEAN HARBORS INC (CLH) and FIRST HORIZON CORP (FHN). Click either name above to swap in a different company.
CLEAN HARBORS INC is the larger business by last-quarter revenue ($1.5B vs $888.0M, roughly 1.7× FIRST HORIZON CORP). FIRST HORIZON CORP runs the higher net margin — 29.4% vs 5.8%, a 23.6% gap on every dollar of revenue. On growth, FIRST HORIZON CORP posted the faster year-over-year revenue change (21.8% vs 4.8%). FIRST HORIZON CORP produced more free cash flow last quarter ($389.0M vs $233.3M). Over the past eight quarters, FIRST HORIZON CORP's revenue compounded faster (20.0% 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...
First Horizon Corporation, formerly First Tennessee Bank, is a financial services company, founded in 1864, and based in Memphis, Tennessee. Through its banking subsidiary First Horizon Bank, it provides financial services through locations in 12 states across the Southeast, a region in which it is the fourth largest regional bank.
CLH vs FHN — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.5B | $888.0M |
| Net Profit | $86.6M | $261.0M |
| Gross Margin | 30.6% | — |
| Operating Margin | 10.6% | 38.5% |
| Net Margin | 5.8% | 29.4% |
| Revenue YoY | 4.8% | 21.8% |
| Net Profit YoY | 3.1% | 57.2% |
| EPS (diluted) | $1.62 | $0.51 |
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 | $888.0M | ||
| Q3 25 | $1.5B | $889.0M | ||
| Q2 25 | $1.5B | $830.0M | ||
| Q1 25 | $1.4B | $812.0M | ||
| Q4 24 | $1.4B | $729.0M | ||
| Q3 24 | $1.5B | $827.0M | ||
| Q2 24 | $1.6B | — | ||
| Q1 24 | $1.4B | $819.0M |
| Q4 25 | $86.6M | $261.0M | ||
| Q3 25 | $118.8M | $262.0M | ||
| Q2 25 | $126.9M | $241.0M | ||
| Q1 25 | $58.7M | $218.0M | ||
| Q4 24 | $84.0M | $166.0M | ||
| Q3 24 | $115.2M | $218.0M | ||
| Q2 24 | $133.3M | — | ||
| Q1 24 | $69.8M | $192.0M |
| 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% | 38.5% | ||
| Q3 25 | 12.5% | 38.7% | ||
| Q2 25 | 13.6% | 37.2% | ||
| Q1 25 | 7.8% | 35.1% | ||
| Q4 24 | 9.6% | 28.8% | ||
| Q3 24 | 12.6% | 34.0% | ||
| Q2 24 | 13.9% | — | ||
| Q1 24 | 9.1% | 31.0% |
| Q4 25 | 5.8% | 29.4% | ||
| Q3 25 | 7.7% | 29.5% | ||
| Q2 25 | 8.2% | 29.0% | ||
| Q1 25 | 4.1% | 26.8% | ||
| Q4 24 | 5.9% | 22.8% | ||
| Q3 24 | 7.5% | 26.4% | ||
| Q2 24 | 8.6% | — | ||
| Q1 24 | 5.1% | 23.4% |
| Q4 25 | $1.62 | $0.51 | ||
| Q3 25 | $2.21 | $0.50 | ||
| Q2 25 | $2.36 | $0.45 | ||
| Q1 25 | $1.09 | $0.41 | ||
| Q4 24 | $1.55 | $0.29 | ||
| Q3 24 | $2.12 | $0.40 | ||
| Q2 24 | $2.46 | — | ||
| Q1 24 | $1.29 | $0.33 |
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 | — |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $2.7B | $8.8B |
| Total Assets | $7.6B | $83.9B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $127.4M | — | ||
| Q3 25 | $91.2M | — | ||
| Q2 25 | $98.9M | — | ||
| Q1 25 | $105.9M | — | ||
| Q4 24 | $102.6M | — | ||
| Q3 24 | $82.4M | — | ||
| Q2 24 | $91.3M | — | ||
| Q1 24 | $104.8M | — |
| Q4 25 | $2.7B | $8.8B | ||
| Q3 25 | $2.8B | $8.9B | ||
| Q2 25 | $2.7B | $9.0B | ||
| Q1 25 | $2.6B | $8.7B | ||
| Q4 24 | $2.6B | $8.8B | ||
| Q3 24 | $2.5B | $9.0B | ||
| Q2 24 | $2.4B | — | ||
| Q1 24 | $2.3B | $8.9B |
| Q4 25 | $7.6B | $83.9B | ||
| Q3 25 | $7.5B | $83.2B | ||
| Q2 25 | $7.4B | $82.1B | ||
| Q1 25 | $7.2B | $81.5B | ||
| Q4 24 | $7.4B | $82.2B | ||
| Q3 24 | $7.3B | $82.6B | ||
| Q2 24 | $7.1B | — | ||
| Q1 24 | $6.9B | $81.8B |
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 | $396.0M |
| Free Cash FlowOCF − Capex | $233.3M | $389.0M |
| FCF MarginFCF / Revenue | 15.6% | 43.8% |
| Capex IntensityCapex / Revenue | 8.1% | 0.8% |
| Cash ConversionOCF / Net Profit | 4.10× | 1.52× |
| TTM Free Cash FlowTrailing 4 quarters | $441.8M | $595.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $355.1M | $396.0M | ||
| Q3 25 | $302.0M | $-200.0M | ||
| Q2 25 | $208.0M | $83.0M | ||
| Q1 25 | $1.6M | $349.0M | ||
| Q4 24 | $303.9M | $191.0M | ||
| Q3 24 | $239.2M | $389.0M | ||
| Q2 24 | $216.0M | — | ||
| Q1 24 | $18.5M | $838.0M |
| Q4 25 | $233.3M | $389.0M | ||
| Q3 25 | $207.5M | $-208.0M | ||
| Q2 25 | $118.0M | $74.0M | ||
| Q1 25 | $-117.1M | $340.0M | ||
| Q4 24 | $241.5M | $174.0M | ||
| Q3 24 | $142.4M | $383.0M | ||
| Q2 24 | $80.9M | — | ||
| Q1 24 | $-119.4M | $828.0M |
| Q4 25 | 15.6% | 43.8% | ||
| Q3 25 | 13.4% | -23.4% | ||
| Q2 25 | 7.6% | 8.9% | ||
| Q1 25 | -8.2% | 41.9% | ||
| Q4 24 | 16.9% | 23.9% | ||
| Q3 24 | 9.3% | 46.3% | ||
| Q2 24 | 5.2% | — | ||
| Q1 24 | -8.7% | 101.1% |
| Q4 25 | 8.1% | 0.8% | ||
| Q3 25 | 6.1% | 0.9% | ||
| Q2 25 | 5.8% | 1.1% | ||
| Q1 25 | 8.3% | 1.1% | ||
| Q4 24 | 4.4% | 2.3% | ||
| Q3 24 | 6.3% | 0.7% | ||
| Q2 24 | 8.7% | — | ||
| Q1 24 | 10.0% | 1.2% |
| Q4 25 | 4.10× | 1.52× | ||
| Q3 25 | 2.54× | -0.76× | ||
| Q2 25 | 1.64× | 0.34× | ||
| Q1 25 | 0.03× | 1.60× | ||
| Q4 24 | 3.62× | 1.15× | ||
| Q3 24 | 2.08× | 1.78× | ||
| Q2 24 | 1.62× | — | ||
| Q1 24 | 0.27× | 4.36× |
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% |
FHN
| Commercial Consumer And Wealth Segment | $776.0M | 87% |
| Other | $88.0M | 10% |
| Corporate | $24.0M | 3% |
