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Side-by-side financial comparison of CLEAN HARBORS INC (CLH) and GRAPHIC PACKAGING HOLDING CO (GPK). Click either name above to swap in a different company.
GRAPHIC PACKAGING HOLDING CO is the larger business by last-quarter revenue ($2.1B vs $1.5B, roughly 1.4× CLEAN HARBORS INC). CLEAN HARBORS INC runs the higher net margin — 5.8% vs 3.4%, a 2.4% gap on every dollar of revenue. On growth, CLEAN HARBORS INC posted the faster year-over-year revenue change (4.8% vs 0.2%). Over the past eight quarters, CLEAN HARBORS INC's revenue compounded faster (4.4% CAGR vs -3.5%).
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...
Graphic Packaging International is a Fortune 500 corporation based in Atlanta, Georgia, United States. It designs and manufactures packaging solutions for commercial products. GPI manufactures paperboard and folding cartons for a wide range of popular consumer goods, particularly beverages and packaged food. The company operates paperboard mills in Kalamazoo, Michigan; Macon, Georgia; Middletown, Ohio; Prosperity, South Carolina; Texarkana, Texas; and West Monroe, Louisiana, that use recycled...
CLH vs GPK — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.5B | $2.1B |
| Net Profit | $86.6M | $71.0M |
| Gross Margin | 30.6% | 14.1% |
| Operating Margin | 10.6% | 7.4% |
| Net Margin | 5.8% | 3.4% |
| Revenue YoY | 4.8% | 0.2% |
| Net Profit YoY | 3.1% | -48.6% |
| EPS (diluted) | $1.62 | $0.24 |
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 | $2.1B | ||
| Q3 25 | $1.5B | $2.2B | ||
| Q2 25 | $1.5B | $2.2B | ||
| Q1 25 | $1.4B | $2.1B | ||
| Q4 24 | $1.4B | $2.1B | ||
| Q3 24 | $1.5B | $2.2B | ||
| Q2 24 | $1.6B | $2.2B | ||
| Q1 24 | $1.4B | $2.3B |
| Q4 25 | $86.6M | $71.0M | ||
| Q3 25 | $118.8M | $142.0M | ||
| Q2 25 | $126.9M | $104.0M | ||
| Q1 25 | $58.7M | $127.0M | ||
| Q4 24 | $84.0M | $138.0M | ||
| Q3 24 | $115.2M | $165.0M | ||
| Q2 24 | $133.3M | $190.0M | ||
| Q1 24 | $69.8M | $165.0M |
| Q4 25 | 30.6% | 14.1% | ||
| Q3 25 | 32.3% | 19.6% | ||
| Q2 25 | 33.3% | 18.7% | ||
| Q1 25 | 28.6% | 20.6% | ||
| Q4 24 | 29.9% | 21.4% | ||
| Q3 24 | 31.0% | 22.3% | ||
| Q2 24 | 33.3% | 21.2% | ||
| Q1 24 | 29.5% | 23.0% |
| Q4 25 | 10.6% | 7.4% | ||
| Q3 25 | 12.5% | 10.7% | ||
| Q2 25 | 13.6% | 8.8% | ||
| Q1 25 | 7.8% | 10.5% | ||
| Q4 24 | 9.6% | 11.4% | ||
| Q3 24 | 12.6% | 12.6% | ||
| Q2 24 | 13.9% | 14.5% | ||
| Q1 24 | 9.1% | 12.4% |
| Q4 25 | 5.8% | 3.4% | ||
| Q3 25 | 7.7% | 6.5% | ||
| Q2 25 | 8.2% | 4.7% | ||
| Q1 25 | 4.1% | 6.0% | ||
| Q4 24 | 5.9% | 6.6% | ||
| Q3 24 | 7.5% | 7.5% | ||
| Q2 24 | 8.6% | 8.5% | ||
| Q1 24 | 5.1% | 7.3% |
| Q4 25 | $1.62 | $0.24 | ||
| Q3 25 | $2.21 | $0.48 | ||
| Q2 25 | $2.36 | $0.34 | ||
| Q1 25 | $1.09 | $0.42 | ||
| Q4 24 | $1.55 | $0.46 | ||
| Q3 24 | $2.12 | $0.55 | ||
| Q2 24 | $2.46 | $0.62 | ||
| Q1 24 | $1.29 | $0.53 |
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 | $261.0M |
| Total DebtLower is stronger | — | $5.0B |
| Stockholders' EquityBook value | $2.7B | $3.3B |
| Total Assets | $7.6B | $11.8B |
| Debt / EquityLower = less leverage | — | 1.51× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $127.4M | $261.0M | ||
| Q3 25 | $91.2M | $120.0M | ||
| Q2 25 | $98.9M | $120.0M | ||
| Q1 25 | $105.9M | $129.0M | ||
| Q4 24 | $102.6M | $157.0M | ||
| Q3 24 | $82.4M | $126.0M | ||
| Q2 24 | $91.3M | $125.0M | ||
| Q1 24 | $104.8M | $136.0M |
| Q4 25 | — | $5.0B | ||
| Q3 25 | — | $5.5B | ||
| Q2 25 | — | $5.4B | ||
| Q1 25 | — | $5.7B | ||
| Q4 24 | — | $5.1B | ||
| Q3 24 | — | $5.4B | ||
| Q2 24 | — | $4.9B | ||
| Q1 24 | — | $4.9B |
| Q4 25 | $2.7B | $3.3B | ||
| Q3 25 | $2.8B | $3.3B | ||
| Q2 25 | $2.7B | $3.2B | ||
| Q1 25 | $2.6B | $3.2B | ||
| Q4 24 | $2.6B | $3.0B | ||
| Q3 24 | $2.5B | $3.0B | ||
| Q2 24 | $2.4B | $2.8B | ||
| Q1 24 | $2.3B | $2.9B |
| Q4 25 | $7.6B | $11.8B | ||
| Q3 25 | $7.5B | $11.9B | ||
| Q2 25 | $7.4B | $11.8B | ||
| Q1 25 | $7.2B | $11.5B | ||
| Q4 24 | $7.4B | $11.1B | ||
| Q3 24 | $7.3B | $11.2B | ||
| Q2 24 | $7.1B | $10.8B | ||
| Q1 24 | $6.9B | $11.3B |
| Q4 25 | — | 1.51× | ||
| Q3 25 | — | 1.67× | ||
| Q2 25 | — | 1.68× | ||
| Q1 25 | — | 1.80× | ||
| Q4 24 | — | 1.71× | ||
| Q3 24 | — | 1.79× | ||
| Q2 24 | — | 1.75× | ||
| Q1 24 | — | 1.73× |
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 | $521.0M |
| Free Cash FlowOCF − Capex | $233.3M | — |
| FCF MarginFCF / Revenue | 15.6% | — |
| Capex IntensityCapex / Revenue | 8.1% | — |
| Cash ConversionOCF / Net Profit | 4.10× | 7.34× |
| TTM Free Cash FlowTrailing 4 quarters | $441.8M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $355.1M | $521.0M | ||
| Q3 25 | $302.0M | $227.0M | ||
| Q2 25 | $208.0M | $267.0M | ||
| Q1 25 | $1.6M | $-174.0M | ||
| Q4 24 | $303.9M | $489.0M | ||
| Q3 24 | $239.2M | $187.0M | ||
| Q2 24 | $216.0M | $161.0M | ||
| Q1 24 | $18.5M | $3.0M |
| Q4 25 | $233.3M | — | ||
| Q3 25 | $207.5M | — | ||
| Q2 25 | $118.0M | — | ||
| Q1 25 | $-117.1M | — | ||
| Q4 24 | $241.5M | — | ||
| Q3 24 | $142.4M | — | ||
| Q2 24 | $80.9M | — | ||
| Q1 24 | $-119.4M | — |
| Q4 25 | 15.6% | — | ||
| Q3 25 | 13.4% | — | ||
| Q2 25 | 7.6% | — | ||
| Q1 25 | -8.2% | — | ||
| Q4 24 | 16.9% | — | ||
| Q3 24 | 9.3% | — | ||
| Q2 24 | 5.2% | — | ||
| Q1 24 | -8.7% | — |
| Q4 25 | 8.1% | — | ||
| Q3 25 | 6.1% | — | ||
| Q2 25 | 5.8% | — | ||
| Q1 25 | 8.3% | — | ||
| Q4 24 | 4.4% | — | ||
| Q3 24 | 6.3% | — | ||
| Q2 24 | 8.7% | — | ||
| Q1 24 | 10.0% | — |
| Q4 25 | 4.10× | 7.34× | ||
| Q3 25 | 2.54× | 1.60× | ||
| Q2 25 | 1.64× | 2.57× | ||
| Q1 25 | 0.03× | -1.37× | ||
| Q4 24 | 3.62× | 3.54× | ||
| Q3 24 | 2.08× | 1.13× | ||
| Q2 24 | 1.62× | 0.85× | ||
| Q1 24 | 0.27× | 0.02× |
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% |
GPK
| Americas Paperboard Packaging | $1.4B | 68% |
| Other | $667.0M | 32% |
