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Side-by-side financial comparison of CLEAN HARBORS INC (CLH) and SEALED AIR CORP (SEE). 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× SEALED AIR CORP). CLEAN HARBORS INC runs the higher net margin — 5.8% vs 3.1%, a 2.6% gap on every dollar of revenue. On growth, CLEAN HARBORS INC posted the faster year-over-year revenue change (4.8% vs 2.6%). SEALED AIR CORP produced more free cash flow last quarter ($257.7M vs $233.3M). Over the past eight quarters, CLEAN HARBORS INC's revenue compounded faster (4.4% CAGR vs 2.7%).
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...
Sealed Air Corporation is a global provider of innovative packaging and protective solutions. Its core offerings include cushioning materials, food safety and preservation packaging, and sustainable waste-reducing packaging systems, serving retail, e-commerce, food and beverage, and industrial manufacturing markets worldwide.
CLH vs SEE — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.5B | $1.4B |
| Net Profit | $86.6M | $43.8M |
| Gross Margin | 30.6% | 28.6% |
| Operating Margin | 10.6% | 11.4% |
| Net Margin | 5.8% | 3.1% |
| Revenue YoY | 4.8% | 2.6% |
| Net Profit YoY | 3.1% | 700.0% |
| EPS (diluted) | $1.62 | $0.30 |
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 | $1.4B | ||
| Q3 25 | $1.5B | $1.3B | ||
| Q2 25 | $1.5B | $1.3B | ||
| Q1 25 | $1.4B | $1.3B | ||
| Q4 24 | $1.4B | $1.4B | ||
| Q3 24 | $1.5B | $1.3B | ||
| Q2 24 | $1.6B | $1.3B | ||
| Q1 24 | $1.4B | $1.3B |
| Q4 25 | $86.6M | $43.8M | ||
| Q3 25 | $118.8M | $255.1M | ||
| Q2 25 | $126.9M | $93.1M | ||
| Q1 25 | $58.7M | $113.5M | ||
| Q4 24 | $84.0M | $-7.3M | ||
| Q3 24 | $115.2M | $91.7M | ||
| Q2 24 | $133.3M | $98.3M | ||
| Q1 24 | $69.8M | $82.0M |
| Q4 25 | 30.6% | 28.6% | ||
| Q3 25 | 32.3% | 29.8% | ||
| Q2 25 | 33.3% | 30.7% | ||
| Q1 25 | 28.6% | 30.9% | ||
| Q4 24 | 29.9% | 30.0% | ||
| Q3 24 | 31.0% | 30.1% | ||
| Q2 24 | 33.3% | 31.2% | ||
| Q1 24 | 29.5% | 30.3% |
| Q4 25 | 10.6% | 11.4% | ||
| Q3 25 | 12.5% | 13.8% | ||
| Q2 25 | 13.6% | 15.0% | ||
| Q1 25 | 7.8% | 14.5% | ||
| Q4 24 | 9.6% | 11.7% | ||
| Q3 24 | 12.6% | 13.9% | ||
| Q2 24 | 13.9% | 15.4% | ||
| Q1 24 | 9.1% | 14.0% |
| Q4 25 | 5.8% | 3.1% | ||
| Q3 25 | 7.7% | 19.0% | ||
| Q2 25 | 8.2% | 7.0% | ||
| Q1 25 | 4.1% | 9.0% | ||
| Q4 24 | 5.9% | -0.5% | ||
| Q3 24 | 7.5% | 6.9% | ||
| Q2 24 | 8.6% | 7.4% | ||
| Q1 24 | 5.1% | 6.2% |
| Q4 25 | $1.62 | $0.30 | ||
| Q3 25 | $2.21 | $1.73 | ||
| Q2 25 | $2.36 | $0.63 | ||
| Q1 25 | $1.09 | $0.77 | ||
| Q4 24 | $1.55 | $-0.05 | ||
| Q3 24 | $2.12 | $0.63 | ||
| Q2 24 | $2.46 | $0.67 | ||
| Q1 24 | $1.29 | $0.56 |
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 | $344.0M |
| Total DebtLower is stronger | — | $3.3B |
| Stockholders' EquityBook value | $2.7B | $1.2B |
| Total Assets | $7.6B | $7.0B |
| Debt / EquityLower = less leverage | — | 2.65× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $127.4M | $344.0M | ||
| Q3 25 | $91.2M | $282.5M | ||
| Q2 25 | $98.9M | $354.4M | ||
| Q1 25 | $105.9M | $335.2M | ||
| Q4 24 | $102.6M | $371.8M | ||
| Q3 24 | $82.4M | $386.0M | ||
| Q2 24 | $91.3M | $388.6M | ||
| Q1 24 | $104.8M | $352.8M |
| Q4 25 | — | $3.3B | ||
| Q3 25 | — | $4.0B | ||
| Q2 25 | — | $4.0B | ||
| Q1 25 | — | $4.2B | ||
| Q4 24 | — | $4.2B | ||
| Q3 24 | — | $4.3B | ||
| Q2 24 | — | $4.4B | ||
| Q1 24 | — | $4.5B |
| Q4 25 | $2.7B | $1.2B | ||
| Q3 25 | $2.8B | $1.2B | ||
| Q2 25 | $2.7B | $953.1M | ||
| Q1 25 | $2.6B | $797.9M | ||
| Q4 24 | $2.6B | $624.5M | ||
| Q3 24 | $2.5B | $771.2M | ||
| Q2 24 | $2.4B | $650.1M | ||
| Q1 24 | $2.3B | $598.3M |
| Q4 25 | $7.6B | $7.0B | ||
| Q3 25 | $7.5B | $7.1B | ||
| Q2 25 | $7.4B | $7.2B | ||
| Q1 25 | $7.2B | $7.0B | ||
| Q4 24 | $7.4B | $7.0B | ||
| Q3 24 | $7.3B | $7.3B | ||
| Q2 24 | $7.1B | $7.3B | ||
| Q1 24 | $6.9B | $7.2B |
| Q4 25 | — | 2.65× | ||
| Q3 25 | — | 3.34× | ||
| Q2 25 | — | 4.18× | ||
| Q1 25 | — | 5.26× | ||
| Q4 24 | — | 6.72× | ||
| Q3 24 | — | 5.62× | ||
| Q2 24 | — | 6.81× | ||
| Q1 24 | — | 7.49× |
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 | $293.6M |
| Free Cash FlowOCF − Capex | $233.3M | $257.7M |
| FCF MarginFCF / Revenue | 15.6% | 18.5% |
| Capex IntensityCapex / Revenue | 8.1% | 2.6% |
| Cash ConversionOCF / Net Profit | 4.10× | 6.70× |
| TTM Free Cash FlowTrailing 4 quarters | $441.8M | $458.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $355.1M | $293.6M | ||
| Q3 25 | $302.0M | $165.9M | ||
| Q2 25 | $208.0M | $136.6M | ||
| Q1 25 | $1.6M | $31.9M | ||
| Q4 24 | $303.9M | $244.2M | ||
| Q3 24 | $239.2M | $170.5M | ||
| Q2 24 | $216.0M | $188.2M | ||
| Q1 24 | $18.5M | $125.1M |
| Q4 25 | $233.3M | $257.7M | ||
| Q3 25 | $207.5M | $119.6M | ||
| Q2 25 | $118.0M | $93.2M | ||
| Q1 25 | $-117.1M | $-12.0M | ||
| Q4 24 | $241.5M | $185.1M | ||
| Q3 24 | $142.4M | $115.2M | ||
| Q2 24 | $80.9M | $129.5M | ||
| Q1 24 | $-119.4M | $78.0M |
| Q4 25 | 15.6% | 18.5% | ||
| Q3 25 | 13.4% | 8.9% | ||
| Q2 25 | 7.6% | 7.0% | ||
| Q1 25 | -8.2% | -0.9% | ||
| Q4 24 | 16.9% | 13.6% | ||
| Q3 24 | 9.3% | 8.6% | ||
| Q2 24 | 5.2% | 9.7% | ||
| Q1 24 | -8.7% | 5.9% |
| Q4 25 | 8.1% | 2.6% | ||
| Q3 25 | 6.1% | 3.4% | ||
| Q2 25 | 5.8% | 3.3% | ||
| Q1 25 | 8.3% | 3.5% | ||
| Q4 24 | 4.4% | 4.4% | ||
| Q3 24 | 6.3% | 4.1% | ||
| Q2 24 | 8.7% | 4.4% | ||
| Q1 24 | 10.0% | 3.6% |
| Q4 25 | 4.10× | 6.70× | ||
| Q3 25 | 2.54× | 0.65× | ||
| Q2 25 | 1.64× | 1.47× | ||
| Q1 25 | 0.03× | 0.28× | ||
| Q4 24 | 3.62× | — | ||
| Q3 24 | 2.08× | 1.86× | ||
| Q2 24 | 1.62× | 1.91× | ||
| Q1 24 | 0.27× | 1.53× |
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% |
SEE
| Protective Segment | $1.1B | 78% |
| Other | $292.0M | 21% |
| Pension Plans Defined Benefit | $7.9M | 1% |
