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Side-by-side financial comparison of CLEAN HARBORS INC (CLH) and Fabrinet (FN). Click either name above to swap in a different company.
CLEAN HARBORS INC is the larger business by last-quarter revenue ($1.5B vs $1.1B, roughly 1.3× Fabrinet). Fabrinet runs the higher net margin — 9.9% vs 5.8%, a 4.2% gap on every dollar of revenue. On growth, Fabrinet posted the faster year-over-year revenue change (35.9% vs 4.8%). CLEAN HARBORS INC produced more free cash flow last quarter ($233.3M vs $-5.3M). Over the past eight quarters, Fabrinet's revenue compounded faster (24.4% 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...
FabrinetFNEarnings & Financial Report
Below is a list of companies having stocks that are included in the S&P MidCap 400 stock market index. The index, maintained by S&P Dow Jones Indices, comprises the common stocks of 400 mid-cap, mostly American, companies. Although called the S&P 400, the index sometimes contains more than 400 stocks when it includes two or more share classes of stock from one of its component companies.
CLH vs FN — Head-to-Head
Income Statement — Q4 FY2025 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.5B | $1.1B |
| Net Profit | $86.6M | $112.6M |
| Gross Margin | 30.6% | 12.2% |
| Operating Margin | 10.6% | 10.1% |
| Net Margin | 5.8% | 9.9% |
| Revenue YoY | 4.8% | 35.9% |
| Net Profit YoY | 3.1% | 30.0% |
| EPS (diluted) | $1.62 | $3.11 |
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 | $1.1B | ||
| Q3 25 | $1.5B | $978.1M | ||
| Q2 25 | $1.5B | $909.7M | ||
| Q1 25 | $1.4B | $871.8M | ||
| Q4 24 | $1.4B | $833.6M | ||
| Q3 24 | $1.5B | $804.2M | ||
| Q2 24 | $1.6B | $753.3M | ||
| Q1 24 | $1.4B | $731.5M |
| Q4 25 | $86.6M | $112.6M | ||
| Q3 25 | $118.8M | $95.9M | ||
| Q2 25 | $126.9M | $87.2M | ||
| Q1 25 | $58.7M | $81.3M | ||
| Q4 24 | $84.0M | $86.6M | ||
| Q3 24 | $115.2M | $77.4M | ||
| Q2 24 | $133.3M | $81.1M | ||
| Q1 24 | $69.8M | $80.9M |
| Q4 25 | 30.6% | 12.2% | ||
| Q3 25 | 32.3% | 11.9% | ||
| Q2 25 | 33.3% | 12.2% | ||
| Q1 25 | 28.6% | 11.7% | ||
| Q4 24 | 29.9% | 12.1% | ||
| Q3 24 | 31.0% | 12.3% | ||
| Q2 24 | 33.3% | 12.3% | ||
| Q1 24 | 29.5% | 12.4% |
| Q4 25 | 10.6% | 10.1% | ||
| Q3 25 | 12.5% | 9.6% | ||
| Q2 25 | 13.6% | 9.8% | ||
| Q1 25 | 7.8% | 9.0% | ||
| Q4 24 | 9.6% | 9.5% | ||
| Q3 24 | 12.6% | 9.6% | ||
| Q2 24 | 13.9% | 9.7% | ||
| Q1 24 | 9.1% | 9.7% |
| Q4 25 | 5.8% | 9.9% | ||
| Q3 25 | 7.7% | 9.8% | ||
| Q2 25 | 8.2% | 9.6% | ||
| Q1 25 | 4.1% | 9.3% | ||
| Q4 24 | 5.9% | 10.4% | ||
| Q3 24 | 7.5% | 9.6% | ||
| Q2 24 | 8.6% | 10.8% | ||
| Q1 24 | 5.1% | 11.1% |
| Q4 25 | $1.62 | $3.11 | ||
| Q3 25 | $2.21 | $2.66 | ||
| Q2 25 | $2.36 | $2.41 | ||
| Q1 25 | $1.09 | $2.25 | ||
| Q4 24 | $1.55 | $2.38 | ||
| Q3 24 | $2.12 | $2.13 | ||
| Q2 24 | $2.46 | $2.22 | ||
| Q1 24 | $1.29 | $2.21 |
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 | $960.8M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $2.7B | $2.2B |
| Total Assets | $7.6B | $3.3B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $127.4M | $960.8M | ||
| Q3 25 | $91.2M | $968.8M | ||
| Q2 25 | $98.9M | $934.2M | ||
| Q1 25 | $105.9M | $950.7M | ||
| Q4 24 | $102.6M | $934.6M | ||
| Q3 24 | $82.4M | $908.9M | ||
| Q2 24 | $91.3M | $858.6M | ||
| Q1 24 | $104.8M | $794.0M |
| Q4 25 | $2.7B | $2.2B | ||
| Q3 25 | $2.8B | $2.1B | ||
| Q2 25 | $2.7B | $2.0B | ||
| Q1 25 | $2.6B | $1.9B | ||
| Q4 24 | $2.6B | $1.8B | ||
| Q3 24 | $2.5B | $1.8B | ||
| Q2 24 | $2.4B | $1.7B | ||
| Q1 24 | $2.3B | $1.7B |
| Q4 25 | $7.6B | $3.3B | ||
| Q3 25 | $7.5B | $3.0B | ||
| Q2 25 | $7.4B | $2.8B | ||
| Q1 25 | $7.2B | $2.6B | ||
| Q4 24 | $7.4B | $2.5B | ||
| Q3 24 | $7.3B | $2.4B | ||
| Q2 24 | $7.1B | $2.3B | ||
| Q1 24 | $6.9B | $2.2B |
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 | $46.3M |
| Free Cash FlowOCF − Capex | $233.3M | $-5.3M |
| FCF MarginFCF / Revenue | 15.6% | -0.5% |
| Capex IntensityCapex / Revenue | 8.1% | 4.6% |
| Cash ConversionOCF / Net Profit | 4.10× | 0.41× |
| TTM Free Cash FlowTrailing 4 quarters | $441.8M | $102.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $355.1M | $46.3M | ||
| Q3 25 | $302.0M | $102.6M | ||
| Q2 25 | $208.0M | $55.1M | ||
| Q1 25 | $1.6M | $74.2M | ||
| Q4 24 | $303.9M | $115.9M | ||
| Q3 24 | $239.2M | $83.2M | ||
| Q2 24 | $216.0M | $83.1M | ||
| Q1 24 | $18.5M | $100.9M |
| Q4 25 | $233.3M | $-5.3M | ||
| Q3 25 | $207.5M | $57.3M | ||
| Q2 25 | $118.0M | $4.7M | ||
| Q1 25 | $-117.1M | $45.7M | ||
| Q4 24 | $241.5M | $94.0M | ||
| Q3 24 | $142.4M | $62.9M | ||
| Q2 24 | $80.9M | $70.4M | ||
| Q1 24 | $-119.4M | $87.3M |
| Q4 25 | 15.6% | -0.5% | ||
| Q3 25 | 13.4% | 5.9% | ||
| Q2 25 | 7.6% | 0.5% | ||
| Q1 25 | -8.2% | 5.2% | ||
| Q4 24 | 16.9% | 11.3% | ||
| Q3 24 | 9.3% | 7.8% | ||
| Q2 24 | 5.2% | 9.3% | ||
| Q1 24 | -8.7% | 11.9% |
| Q4 25 | 8.1% | 4.6% | ||
| Q3 25 | 6.1% | 4.6% | ||
| Q2 25 | 5.8% | 5.5% | ||
| Q1 25 | 8.3% | 3.3% | ||
| Q4 24 | 4.4% | 2.6% | ||
| Q3 24 | 6.3% | 2.5% | ||
| Q2 24 | 8.7% | 1.7% | ||
| Q1 24 | 10.0% | 1.9% |
| Q4 25 | 4.10× | 0.41× | ||
| Q3 25 | 2.54× | 1.07× | ||
| Q2 25 | 1.64× | 0.63× | ||
| Q1 25 | 0.03× | 0.91× | ||
| Q4 24 | 3.62× | 1.34× | ||
| Q3 24 | 2.08× | 1.07× | ||
| Q2 24 | 1.62× | 1.02× | ||
| Q1 24 | 0.27× | 1.25× |
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% |
FN
| Optical Communications | $832.6M | 73% |
| Non Optical Communications | $300.3M | 27% |
