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Side-by-side financial comparison of CLEAN HARBORS INC (CLH) and SCANSOURCE, INC. (SCSC). Click either name above to swap in a different company.
CLEAN HARBORS INC is the larger business by last-quarter revenue ($1.5B vs $766.5M, roughly 2.0× SCANSOURCE, INC.). CLEAN HARBORS INC runs the higher net margin — 5.8% vs 2.2%, a 3.6% gap on every dollar of revenue. On growth, CLEAN HARBORS INC posted the faster year-over-year revenue change (4.8% vs 2.5%). CLEAN HARBORS INC produced more free cash flow last quarter ($233.3M vs $28.9M). Over the past eight quarters, CLEAN HARBORS INC's revenue compounded faster (4.4% CAGR vs 0.9%).
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...
ScanSource, Inc. is a leading global specialty technology distributor offering a broad portfolio of solutions including point-of-sale systems, barcode scanning tools, cybersecurity products, cloud services and communication solutions. It primarily serves value-added resellers, managed service providers and enterprise clients across North America, Latin America and Europe, covering retail, healthcare, industrial and public sector core segments.
CLH vs SCSC — Head-to-Head
Income Statement — Q4 FY2025 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.5B | $766.5M |
| Net Profit | $86.6M | $16.5M |
| Gross Margin | 30.6% | 13.4% |
| Operating Margin | 10.6% | 2.3% |
| Net Margin | 5.8% | 2.2% |
| Revenue YoY | 4.8% | 2.5% |
| Net Profit YoY | 3.1% | -3.3% |
| EPS (diluted) | $1.62 | $0.75 |
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 | $766.5M | ||
| Q3 25 | $1.5B | $739.6M | ||
| Q2 25 | $1.5B | $812.9M | ||
| Q1 25 | $1.4B | $704.8M | ||
| Q4 24 | $1.4B | $747.5M | ||
| Q3 24 | $1.5B | $775.6M | ||
| Q2 24 | $1.6B | $746.1M | ||
| Q1 24 | $1.4B | $752.6M |
| Q4 25 | $86.6M | $16.5M | ||
| Q3 25 | $118.8M | $19.9M | ||
| Q2 25 | $126.9M | $20.1M | ||
| Q1 25 | $58.7M | $17.4M | ||
| Q4 24 | $84.0M | $17.1M | ||
| Q3 24 | $115.2M | $17.0M | ||
| Q2 24 | $133.3M | $16.1M | ||
| Q1 24 | $69.8M | $12.8M |
| Q4 25 | 30.6% | 13.4% | ||
| Q3 25 | 32.3% | 14.5% | ||
| Q2 25 | 33.3% | 12.9% | ||
| Q1 25 | 28.6% | 14.2% | ||
| Q4 24 | 29.9% | 13.6% | ||
| Q3 24 | 31.0% | 13.1% | ||
| Q2 24 | 33.3% | 13.0% | ||
| Q1 24 | 29.5% | 12.6% |
| Q4 25 | 10.6% | 2.3% | ||
| Q3 25 | 12.5% | 3.5% | ||
| Q2 25 | 13.6% | 3.3% | ||
| Q1 25 | 7.8% | 3.2% | ||
| Q4 24 | 9.6% | 2.5% | ||
| Q3 24 | 12.6% | 2.3% | ||
| Q2 24 | 13.9% | 2.9% | ||
| Q1 24 | 9.1% | 2.3% |
| Q4 25 | 5.8% | 2.2% | ||
| Q3 25 | 7.7% | 2.7% | ||
| Q2 25 | 8.2% | 2.5% | ||
| Q1 25 | 4.1% | 2.5% | ||
| Q4 24 | 5.9% | 2.3% | ||
| Q3 24 | 7.5% | 2.2% | ||
| Q2 24 | 8.6% | 2.2% | ||
| Q1 24 | 5.1% | 1.7% |
| Q4 25 | $1.62 | $0.75 | ||
| Q3 25 | $2.21 | $0.89 | ||
| Q2 25 | $2.36 | $0.87 | ||
| Q1 25 | $1.09 | $0.74 | ||
| Q4 24 | $1.55 | $0.70 | ||
| Q3 24 | $2.12 | $0.69 | ||
| Q2 24 | $2.46 | $0.66 | ||
| Q1 24 | $1.29 | $0.50 |
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 | $83.5M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $2.7B | $910.9M |
| Total Assets | $7.6B | $1.7B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $127.4M | $83.5M | ||
| Q3 25 | $91.2M | $124.9M | ||
| Q2 25 | $98.9M | $126.2M | ||
| Q1 25 | $105.9M | $146.3M | ||
| Q4 24 | $102.6M | $110.5M | ||
| Q3 24 | $82.4M | $145.0M | ||
| Q2 24 | $91.3M | $185.5M | ||
| Q1 24 | $104.8M | $159.1M |
| Q4 25 | $2.7B | $910.9M | ||
| Q3 25 | $2.8B | $914.0M | ||
| Q2 25 | $2.7B | $906.4M | ||
| Q1 25 | $2.6B | $901.7M | ||
| Q4 24 | $2.6B | $900.7M | ||
| Q3 24 | $2.5B | $920.9M | ||
| Q2 24 | $2.4B | $924.3M | ||
| Q1 24 | $2.3B | $944.1M |
| Q4 25 | $7.6B | $1.7B | ||
| Q3 25 | $7.5B | $1.7B | ||
| Q2 25 | $7.4B | $1.8B | ||
| Q1 25 | $7.2B | $1.7B | ||
| Q4 24 | $7.4B | $1.7B | ||
| Q3 24 | $7.3B | $1.8B | ||
| Q2 24 | $7.1B | $1.8B | ||
| Q1 24 | $6.9B | $1.8B |
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 | $30.8M |
| Free Cash FlowOCF − Capex | $233.3M | $28.9M |
| FCF MarginFCF / Revenue | 15.6% | 3.8% |
| Capex IntensityCapex / Revenue | 8.1% | 0.3% |
| Cash ConversionOCF / Net Profit | 4.10× | 1.87× |
| TTM Free Cash FlowTrailing 4 quarters | $441.8M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $355.1M | $30.8M | ||
| Q3 25 | $302.0M | $23.2M | ||
| Q2 25 | $208.0M | — | ||
| Q1 25 | $1.6M | $66.1M | ||
| Q4 24 | $303.9M | $-6.2M | ||
| Q3 24 | $239.2M | $44.8M | ||
| Q2 24 | $216.0M | — | ||
| Q1 24 | $18.5M | $160.2M |
| Q4 25 | $233.3M | $28.9M | ||
| Q3 25 | $207.5M | $20.8M | ||
| Q2 25 | $118.0M | — | ||
| Q1 25 | $-117.1M | $64.6M | ||
| Q4 24 | $241.5M | $-8.2M | ||
| Q3 24 | $142.4M | $42.5M | ||
| Q2 24 | $80.9M | — | ||
| Q1 24 | $-119.4M | $157.7M |
| Q4 25 | 15.6% | 3.8% | ||
| Q3 25 | 13.4% | 2.8% | ||
| Q2 25 | 7.6% | — | ||
| Q1 25 | -8.2% | 9.2% | ||
| Q4 24 | 16.9% | -1.1% | ||
| Q3 24 | 9.3% | 5.5% | ||
| Q2 24 | 5.2% | — | ||
| Q1 24 | -8.7% | 21.0% |
| Q4 25 | 8.1% | 0.3% | ||
| Q3 25 | 6.1% | 0.3% | ||
| Q2 25 | 5.8% | 0.3% | ||
| Q1 25 | 8.3% | 0.2% | ||
| Q4 24 | 4.4% | 0.3% | ||
| Q3 24 | 6.3% | 0.3% | ||
| Q2 24 | 8.7% | 0.2% | ||
| Q1 24 | 10.0% | 0.3% |
| Q4 25 | 4.10× | 1.87× | ||
| Q3 25 | 2.54× | 1.17× | ||
| Q2 25 | 1.64× | — | ||
| Q1 25 | 0.03× | 3.79× | ||
| Q4 24 | 3.62× | -0.36× | ||
| Q3 24 | 2.08× | 2.64× | ||
| Q2 24 | 1.62× | — | ||
| Q1 24 | 0.27× | 12.51× |
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% |
SCSC
| Products And Services | $723.4M | 94% |
| Intelisys Advisory | $25.0M | 3% |
| Recurring Revenue | $18.2M | 2% |
