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Side-by-side financial comparison of CLEAN HARBORS INC (CLH) and Lineage, Inc. (LINE). Click either name above to swap in a different company.
CLEAN HARBORS INC is the larger business by last-quarter revenue ($1.5B vs $1.4B, roughly 1.1× Lineage, Inc.). CLEAN HARBORS INC runs the higher net margin — 5.8% vs -7.3%, a 13.0% gap on every dollar of revenue. On growth, CLEAN HARBORS INC posted the faster year-over-year revenue change (4.8% vs 3.1%). CLEAN HARBORS INC produced more free cash flow last quarter ($233.3M vs $35.0M).
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...
Norwegian Cruise Line Holdings (NCLH) is a holding company that is based in the United States and domiciled in Bermuda. It operates three cruise lines as wholly owned subsidiaries: Norwegian Cruise Line, Oceania Cruises, and Regent Seven Seas Cruises. With its subsidiaries combined, it is the third-largest cruise operator in the world. It is a publicly traded company listed on the New York Stock Exchange.
CLH vs LINE — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.5B | $1.4B |
| Net Profit | $86.6M | $-100.0M |
| Gross Margin | 30.6% | 32.3% |
| Operating Margin | 10.6% | 2.5% |
| Net Margin | 5.8% | -7.3% |
| Revenue YoY | 4.8% | 3.1% |
| Net Profit YoY | 3.1% | 79.4% |
| EPS (diluted) | $1.62 | $-0.44 |
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 | — | ||
| Q3 25 | $1.5B | $1.4B | ||
| Q2 25 | $1.5B | $1.4B | ||
| Q1 25 | $1.4B | $1.3B | ||
| Q4 24 | $1.4B | $1.3B | ||
| Q3 24 | $1.5B | $1.3B | ||
| Q2 24 | $1.6B | $1.3B | ||
| Q1 24 | $1.4B | $1.3B |
| Q4 25 | $86.6M | — | ||
| Q3 25 | $118.8M | $-100.0M | ||
| Q2 25 | $126.9M | $-6.0M | ||
| Q1 25 | $58.7M | $0 | ||
| Q4 24 | $84.0M | $-71.0M | ||
| Q3 24 | $115.2M | $-485.0M | ||
| Q2 24 | $133.3M | $-68.0M | ||
| Q1 24 | $69.8M | $-40.0M |
| Q4 25 | 30.6% | — | ||
| Q3 25 | 32.3% | 32.3% | ||
| Q2 25 | 33.3% | 31.9% | ||
| Q1 25 | 28.6% | 32.2% | ||
| Q4 24 | 29.9% | 32.3% | ||
| Q3 24 | 31.0% | 32.8% | ||
| Q2 24 | 33.3% | 33.4% | ||
| Q1 24 | 29.5% | 33.4% |
| Q4 25 | 10.6% | — | ||
| Q3 25 | 12.5% | 2.5% | ||
| Q2 25 | 13.6% | 1.7% | ||
| Q1 25 | 7.8% | 4.3% | ||
| Q4 24 | 9.6% | -1.6% | ||
| Q3 24 | 12.6% | -38.6% | ||
| Q2 24 | 13.9% | 5.5% | ||
| Q1 24 | 9.1% | 7.6% |
| Q4 25 | 5.8% | — | ||
| Q3 25 | 7.7% | -7.3% | ||
| Q2 25 | 8.2% | -0.4% | ||
| Q1 25 | 4.1% | — | ||
| Q4 24 | 5.9% | -5.3% | ||
| Q3 24 | 7.5% | -36.3% | ||
| Q2 24 | 8.6% | -5.1% | ||
| Q1 24 | 5.1% | -3.0% |
| Q4 25 | $1.62 | — | ||
| Q3 25 | $2.21 | $-0.44 | ||
| Q2 25 | $2.36 | $-0.03 | ||
| Q1 25 | $1.09 | $0.01 | ||
| Q4 24 | $1.55 | $-0.52 | ||
| Q3 24 | $2.12 | $-2.44 | ||
| Q2 24 | $2.46 | $-0.46 | ||
| Q1 24 | $1.29 | $-0.28 |
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 | $8.4B |
| Total Assets | $7.6B | $19.2B |
| 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 | $173.0M | ||
| Q3 24 | $82.4M | $409.0M | ||
| Q2 24 | $91.3M | $73.0M | ||
| Q1 24 | $104.8M | — |
| Q4 25 | $2.7B | — | ||
| Q3 25 | $2.8B | $8.4B | ||
| Q2 25 | $2.7B | $8.6B | ||
| Q1 25 | $2.6B | $8.6B | ||
| Q4 24 | $2.6B | $8.6B | ||
| Q3 24 | $2.5B | $9.0B | ||
| Q2 24 | $2.4B | $4.9B | ||
| Q1 24 | $2.3B | $5.6B |
| Q4 25 | $7.6B | — | ||
| Q3 25 | $7.5B | $19.2B | ||
| Q2 25 | $7.4B | $19.4B | ||
| Q1 25 | $7.2B | $18.8B | ||
| Q4 24 | $7.4B | $18.7B | ||
| Q3 24 | $7.3B | $19.3B | ||
| Q2 24 | $7.1B | $18.8B | ||
| Q1 24 | $6.9B | — |
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 | $230.0M |
| Free Cash FlowOCF − Capex | $233.3M | $35.0M |
| FCF MarginFCF / Revenue | 15.6% | 2.5% |
| Capex IntensityCapex / Revenue | 8.1% | 14.2% |
| Cash ConversionOCF / Net Profit | 4.10× | — |
| TTM Free Cash FlowTrailing 4 quarters | $441.8M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $355.1M | — | ||
| Q3 25 | $302.0M | $230.0M | ||
| Q2 25 | $208.0M | $258.0M | ||
| Q1 25 | $1.6M | $139.0M | ||
| Q4 24 | $303.9M | — | ||
| Q3 24 | $239.2M | $186.0M | ||
| Q2 24 | $216.0M | $155.0M | ||
| Q1 24 | $18.5M | $105.0M |
| Q4 25 | $233.3M | — | ||
| Q3 25 | $207.5M | $35.0M | ||
| Q2 25 | $118.0M | $95.0M | ||
| Q1 25 | $-117.1M | $-12.0M | ||
| Q4 24 | $241.5M | — | ||
| Q3 24 | $142.4M | $33.0M | ||
| Q2 24 | $80.9M | $-31.0M | ||
| Q1 24 | $-119.4M | $-42.0M |
| Q4 25 | 15.6% | — | ||
| Q3 25 | 13.4% | 2.5% | ||
| Q2 25 | 7.6% | 7.0% | ||
| Q1 25 | -8.2% | -0.9% | ||
| Q4 24 | 16.9% | — | ||
| Q3 24 | 9.3% | 2.5% | ||
| Q2 24 | 5.2% | -2.3% | ||
| Q1 24 | -8.7% | -3.2% |
| Q4 25 | 8.1% | — | ||
| Q3 25 | 6.1% | 14.2% | ||
| Q2 25 | 5.8% | 12.1% | ||
| Q1 25 | 8.3% | 11.7% | ||
| Q4 24 | 4.4% | — | ||
| Q3 24 | 6.3% | 11.5% | ||
| Q2 24 | 8.7% | 13.9% | ||
| Q1 24 | 10.0% | 11.1% |
| Q4 25 | 4.10× | — | ||
| Q3 25 | 2.54× | — | ||
| Q2 25 | 1.64× | — | ||
| Q1 25 | 0.03× | — | ||
| Q4 24 | 3.62× | — | ||
| Q3 24 | 2.08× | — | ||
| Q2 24 | 1.62× | — | ||
| 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% |
LINE
| Warehousing Operations | $883.0M | 64% |
| Other | $308.0M | 22% |
| Warehouse Lease | $60.0M | 4% |
| Food Sales | $52.0M | 4% |
| E Commerce And Other | $46.0M | 3% |
| Railcar Lease | $23.0M | 2% |
| Service Other | $5.0M | 0% |
