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Side-by-side financial comparison of CLEAN HARBORS INC (CLH) and Magnera Corp (MAGN). Click either name above to swap in a different company.
CLEAN HARBORS INC is the larger business by last-quarter revenue ($1.5B vs $792.0M, roughly 1.9× Magnera Corp). CLEAN HARBORS INC runs the higher net margin — 5.8% vs -4.3%, a 10.1% gap on every dollar of revenue. On growth, Magnera Corp posted the faster year-over-year revenue change (12.8% vs 4.8%). CLEAN HARBORS INC produced more free cash flow last quarter ($233.3M vs $-13.0M). Over the past eight quarters, Magnera Corp's revenue compounded faster (54.9% 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...
CLH vs MAGN — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.5B | $792.0M |
| Net Profit | $86.6M | $-34.0M |
| Gross Margin | 30.6% | 12.2% |
| Operating Margin | 10.6% | 1.8% |
| Net Margin | 5.8% | -4.3% |
| Revenue YoY | 4.8% | 12.8% |
| Net Profit YoY | 3.1% | 43.3% |
| EPS (diluted) | $1.62 | $-0.95 |
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 | $792.0M | ||
| Q3 25 | $1.5B | — | ||
| Q2 25 | $1.5B | $839.0M | ||
| Q1 25 | $1.4B | $824.0M | ||
| Q4 24 | $1.4B | $702.0M | ||
| Q3 24 | $1.5B | $332.1M | ||
| Q2 24 | $1.6B | $556.0M | ||
| Q1 24 | $1.4B | $558.0M |
| Q4 25 | $86.6M | $-34.0M | ||
| Q3 25 | $118.8M | — | ||
| Q2 25 | $126.9M | $-18.0M | ||
| Q1 25 | $58.7M | $-41.0M | ||
| Q4 24 | $84.0M | $-60.0M | ||
| Q3 24 | $115.2M | $-15.2M | ||
| Q2 24 | $133.3M | $19.0M | ||
| Q1 24 | $69.8M | $14.0M |
| Q4 25 | 30.6% | 12.2% | ||
| Q3 25 | 32.3% | — | ||
| Q2 25 | 33.3% | 10.7% | ||
| Q1 25 | 28.6% | 10.7% | ||
| Q4 24 | 29.9% | 10.1% | ||
| Q3 24 | 31.0% | 10.7% | ||
| Q2 24 | 33.3% | 6.6% | ||
| Q1 24 | 29.5% | 6.2% |
| Q4 25 | 10.6% | 1.8% | ||
| Q3 25 | 12.5% | — | ||
| Q2 25 | 13.6% | 1.5% | ||
| Q1 25 | 7.8% | 0.5% | ||
| Q4 24 | 9.6% | -3.1% | ||
| Q3 24 | 12.6% | 0.9% | ||
| Q2 24 | 13.9% | 3.1% | ||
| Q1 24 | 9.1% | 3.8% |
| Q4 25 | 5.8% | -4.3% | ||
| Q3 25 | 7.7% | — | ||
| Q2 25 | 8.2% | -2.1% | ||
| Q1 25 | 4.1% | -5.0% | ||
| Q4 24 | 5.9% | -8.5% | ||
| Q3 24 | 7.5% | -4.6% | ||
| Q2 24 | 8.6% | 3.4% | ||
| Q1 24 | 5.1% | 2.5% |
| Q4 25 | $1.62 | $-0.95 | ||
| Q3 25 | $2.21 | — | ||
| Q2 25 | $2.36 | $-0.51 | ||
| Q1 25 | $1.09 | $-1.15 | ||
| Q4 24 | $1.55 | $-1.69 | ||
| Q3 24 | $2.12 | $-0.33 | ||
| Q2 24 | $2.46 | $0.60 | ||
| Q1 24 | $1.29 | $0.44 |
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 | $264.0M |
| Total DebtLower is stronger | — | $1.9B |
| Stockholders' EquityBook value | $2.7B | $1.0B |
| Total Assets | $7.6B | $3.9B |
| Debt / EquityLower = less leverage | — | 1.86× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $127.4M | $264.0M | ||
| Q3 25 | $91.2M | — | ||
| Q2 25 | $98.9M | $276.0M | ||
| Q1 25 | $105.9M | $282.0M | ||
| Q4 24 | $102.6M | $215.0M | ||
| Q3 24 | $82.4M | $230.0M | ||
| Q2 24 | $91.3M | $33.9M | ||
| Q1 24 | $104.8M | $30.2M |
| Q4 25 | — | $1.9B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | $2.0B | ||
| Q1 25 | — | $2.0B | ||
| Q4 24 | — | $2.0B | ||
| Q3 24 | — | $2.0B | ||
| Q2 24 | — | $877.4M | ||
| Q1 24 | — | $884.7M |
| Q4 25 | $2.7B | $1.0B | ||
| Q3 25 | $2.8B | — | ||
| Q2 25 | $2.7B | $1.1B | ||
| Q1 25 | $2.6B | $1.1B | ||
| Q4 24 | $2.6B | $1.1B | ||
| Q3 24 | $2.5B | $2.1B | ||
| Q2 24 | $2.4B | $2.4B | ||
| Q1 24 | $2.3B | $2.4B |
| Q4 25 | $7.6B | $3.9B | ||
| Q3 25 | $7.5B | — | ||
| Q2 25 | $7.4B | $4.1B | ||
| Q1 25 | $7.2B | $4.1B | ||
| Q4 24 | $7.4B | $4.0B | ||
| Q3 24 | $7.3B | $2.8B | ||
| Q2 24 | $7.1B | $1.5B | ||
| Q1 24 | $6.9B | $1.5B |
| Q4 25 | — | 1.86× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 1.77× | ||
| Q1 25 | — | 1.83× | ||
| Q4 24 | — | 1.80× | ||
| Q3 24 | — | 0.91× | ||
| Q2 24 | — | 0.37× | ||
| Q1 24 | — | 0.36× |
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 | $2.0M |
| Free Cash FlowOCF − Capex | $233.3M | $-13.0M |
| FCF MarginFCF / Revenue | 15.6% | -1.6% |
| Capex IntensityCapex / Revenue | 8.1% | 1.9% |
| 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 | $2.0M | ||
| Q3 25 | $302.0M | — | ||
| Q2 25 | $208.0M | $0 | ||
| Q1 25 | $1.6M | $65.0M | ||
| Q4 24 | $303.9M | $-58.0M | ||
| Q3 24 | $239.2M | $12.2M | ||
| Q2 24 | $216.0M | $38.0M | ||
| Q1 24 | $18.5M | $20.0M |
| Q4 25 | $233.3M | $-13.0M | ||
| Q3 25 | $207.5M | — | ||
| Q2 25 | $118.0M | — | ||
| Q1 25 | $-117.1M | $42.0M | ||
| Q4 24 | $241.5M | $-74.0M | ||
| Q3 24 | $142.4M | $3.6M | ||
| Q2 24 | $80.9M | $23.0M | ||
| Q1 24 | $-119.4M | $12.5M |
| Q4 25 | 15.6% | -1.6% | ||
| Q3 25 | 13.4% | — | ||
| Q2 25 | 7.6% | — | ||
| Q1 25 | -8.2% | 5.1% | ||
| Q4 24 | 16.9% | -10.5% | ||
| Q3 24 | 9.3% | 1.1% | ||
| Q2 24 | 5.2% | 4.1% | ||
| Q1 24 | -8.7% | 2.2% |
| Q4 25 | 8.1% | 1.9% | ||
| Q3 25 | 6.1% | — | ||
| Q2 25 | 5.8% | 1.5% | ||
| Q1 25 | 8.3% | 2.8% | ||
| Q4 24 | 4.4% | 2.3% | ||
| Q3 24 | 6.3% | 2.6% | ||
| Q2 24 | 8.7% | 2.7% | ||
| Q1 24 | 10.0% | 1.3% |
| 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× | 2.00× | ||
| Q1 24 | 0.27× | 1.43× |
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% |
MAGN
| Other | $451.0M | 57% |
| United States And Canada | $341.0M | 43% |
