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Side-by-side financial comparison of CLEAN HARBORS INC (CLH) and MERCURY GENERAL CORP (MCY). Click either name above to swap in a different company.
MERCURY GENERAL CORP is the larger business by last-quarter revenue ($1.5B vs $1.5B, roughly 1.0× CLEAN HARBORS INC). MERCURY GENERAL CORP runs the higher net margin — 13.2% vs 5.8%, a 7.4% gap on every dollar of revenue. On growth, MERCURY GENERAL CORP posted the faster year-over-year revenue change (12.4% vs 4.8%). MERCURY GENERAL CORP produced more free cash flow last quarter ($273.9M vs $233.3M). Over the past eight quarters, MERCURY GENERAL CORP's revenue compounded faster (9.8% 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...
Mercury General Corporation is a multiple-line insurance organization that offers personal automobiles, homeowners, renters, and business insurance. Mercury's primary focus is automobiles and homeowners' insurance.
CLH vs MCY — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.5B | $1.5B |
| Net Profit | $86.6M | $202.5M |
| Gross Margin | 30.6% | 99.7% |
| Operating Margin | 10.6% | 16.2% |
| Net Margin | 5.8% | 13.2% |
| Revenue YoY | 4.8% | 12.4% |
| Net Profit YoY | 3.1% | 100.4% |
| EPS (diluted) | $1.62 | $3.66 |
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 | $1.5B | ||
| Q3 25 | $1.5B | $1.6B | ||
| Q2 25 | $1.5B | $1.5B | ||
| Q1 25 | $1.4B | $1.4B | ||
| Q4 24 | $1.4B | $1.4B | ||
| Q3 24 | $1.5B | $1.5B | ||
| Q2 24 | $1.6B | $1.3B | ||
| Q1 24 | $1.4B | $1.3B |
| Q4 25 | $86.6M | $202.5M | ||
| Q3 25 | $118.8M | $280.4M | ||
| Q2 25 | $126.9M | $166.5M | ||
| Q1 25 | $58.7M | $-108.3M | ||
| Q4 24 | $84.0M | $101.1M | ||
| Q3 24 | $115.2M | $230.9M | ||
| Q2 24 | $133.3M | $62.6M | ||
| Q1 24 | $69.8M | $73.5M |
| Q4 25 | 30.6% | 99.7% | ||
| Q3 25 | 32.3% | 99.8% | ||
| Q2 25 | 33.3% | 99.8% | ||
| Q1 25 | 28.6% | 99.7% | ||
| Q4 24 | 29.9% | 99.7% | ||
| Q3 24 | 31.0% | 99.8% | ||
| Q2 24 | 33.3% | 99.8% | ||
| Q1 24 | 29.5% | 99.7% |
| Q4 25 | 10.6% | 16.2% | ||
| Q3 25 | 12.5% | 22.1% | ||
| Q2 25 | 13.6% | 14.0% | ||
| Q1 25 | 7.8% | -10.2% | ||
| Q4 24 | 9.6% | 9.0% | ||
| Q3 24 | 12.6% | 18.8% | ||
| Q2 24 | 13.9% | 5.8% | ||
| Q1 24 | 9.1% | 7.0% |
| Q4 25 | 5.8% | 13.2% | ||
| Q3 25 | 7.7% | 17.7% | ||
| Q2 25 | 8.2% | 11.3% | ||
| Q1 25 | 4.1% | -7.8% | ||
| Q4 24 | 5.9% | 7.4% | ||
| Q3 24 | 7.5% | 15.1% | ||
| Q2 24 | 8.6% | 4.8% | ||
| Q1 24 | 5.1% | 5.8% |
| Q4 25 | $1.62 | $3.66 | ||
| Q3 25 | $2.21 | $5.06 | ||
| Q2 25 | $2.36 | $3.01 | ||
| Q1 25 | $1.09 | $-1.96 | ||
| Q4 24 | $1.55 | $1.82 | ||
| Q3 24 | $2.12 | $4.17 | ||
| Q2 24 | $2.46 | $1.13 | ||
| Q1 24 | $1.29 | $1.33 |
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 | — | $575.0M |
| Stockholders' EquityBook value | $2.7B | $2.4B |
| Total Assets | $7.6B | $9.6B |
| Debt / EquityLower = less leverage | — | 0.24× |
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 | — | $575.0M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $575.0M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $2.7B | $2.4B | ||
| Q3 25 | $2.8B | $2.2B | ||
| Q2 25 | $2.7B | $2.0B | ||
| Q1 25 | $2.6B | $1.8B | ||
| Q4 24 | $2.6B | $1.9B | ||
| Q3 24 | $2.5B | $1.9B | ||
| Q2 24 | $2.4B | $1.6B | ||
| Q1 24 | $2.3B | $1.6B |
| Q4 25 | $7.6B | $9.6B | ||
| Q3 25 | $7.5B | $9.4B | ||
| Q2 25 | $7.4B | $9.1B | ||
| Q1 25 | $7.2B | $9.0B | ||
| Q4 24 | $7.4B | $8.3B | ||
| Q3 24 | $7.3B | $8.2B | ||
| Q2 24 | $7.1B | $7.7B | ||
| Q1 24 | $6.9B | $7.4B |
| Q4 25 | — | 0.24× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.30× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $287.9M |
| Free Cash FlowOCF − Capex | $233.3M | $273.9M |
| FCF MarginFCF / Revenue | 15.6% | 17.8% |
| Capex IntensityCapex / Revenue | 8.1% | 0.9% |
| Cash ConversionOCF / Net Profit | 4.10× | 1.42× |
| TTM Free Cash FlowTrailing 4 quarters | $441.8M | $1.0B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $355.1M | $287.9M | ||
| Q3 25 | $302.0M | $496.4M | ||
| Q2 25 | $208.0M | $371.6M | ||
| Q1 25 | $1.6M | $-68.7M | ||
| Q4 24 | $303.9M | $248.3M | ||
| Q3 24 | $239.2M | $318.1M | ||
| Q2 24 | $216.0M | $278.0M | ||
| Q1 24 | $18.5M | $192.6M |
| Q4 25 | $233.3M | $273.9M | ||
| Q3 25 | $207.5M | $479.5M | ||
| Q2 25 | $118.0M | $357.2M | ||
| Q1 25 | $-117.1M | $-81.9M | ||
| Q4 24 | $241.5M | $236.0M | ||
| Q3 24 | $142.4M | $306.2M | ||
| Q2 24 | $80.9M | $266.5M | ||
| Q1 24 | $-119.4M | $182.4M |
| Q4 25 | 15.6% | 17.8% | ||
| Q3 25 | 13.4% | 30.3% | ||
| Q2 25 | 7.6% | 24.2% | ||
| Q1 25 | -8.2% | -5.9% | ||
| Q4 24 | 16.9% | 17.3% | ||
| Q3 24 | 9.3% | 20.0% | ||
| Q2 24 | 5.2% | 20.4% | ||
| Q1 24 | -8.7% | 14.3% |
| Q4 25 | 8.1% | 0.9% | ||
| Q3 25 | 6.1% | 1.1% | ||
| Q2 25 | 5.8% | 1.0% | ||
| Q1 25 | 8.3% | 0.9% | ||
| Q4 24 | 4.4% | 0.9% | ||
| Q3 24 | 6.3% | 0.8% | ||
| Q2 24 | 8.7% | 0.9% | ||
| Q1 24 | 10.0% | 0.8% |
| Q4 25 | 4.10× | 1.42× | ||
| Q3 25 | 2.54× | 1.77× | ||
| Q2 25 | 1.64× | 2.23× | ||
| Q1 25 | 0.03× | — | ||
| Q4 24 | 3.62× | 2.46× | ||
| Q3 24 | 2.08× | 1.38× | ||
| Q2 24 | 1.62× | 4.44× | ||
| Q1 24 | 0.27× | 2.62× |
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% |
MCY
Segment breakdown not available.
