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Side-by-side financial comparison of CLEAN HARBORS INC (CLH) and Trade Desk (The) (TTD). Click either name above to swap in a different company.
CLEAN HARBORS INC is the larger business by last-quarter revenue ($1.5B vs $846.8M, roughly 1.8× Trade Desk (The)). Trade Desk (The) runs the higher net margin — 22.1% vs 5.8%, a 16.3% gap on every dollar of revenue. On growth, Trade Desk (The) posted the faster year-over-year revenue change (14.3% vs 4.8%). Trade Desk (The) produced more free cash flow last quarter ($285.3M vs $233.3M). Over the past eight quarters, Trade Desk (The)'s revenue compounded faster (31.3% 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...
The Trade Desk, Inc. is an American multinational technology company that specializes in real-time programmatic marketing automation technologies, products, and services, designed to personalize digital content delivery to users.
CLH vs TTD — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.5B | $846.8M |
| Net Profit | $86.6M | $186.9M |
| Gross Margin | 30.6% | 80.7% |
| Operating Margin | 10.6% | 30.3% |
| Net Margin | 5.8% | 22.1% |
| Revenue YoY | 4.8% | 14.3% |
| Net Profit YoY | 3.1% | 2.6% |
| EPS (diluted) | $1.62 | $0.39 |
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 | $846.8M | ||
| Q3 25 | $1.5B | $739.4M | ||
| Q2 25 | $1.5B | $694.0M | ||
| Q1 25 | $1.4B | $616.0M | ||
| Q4 24 | $1.4B | $741.0M | ||
| Q3 24 | $1.5B | $628.0M | ||
| Q2 24 | $1.6B | $584.5M | ||
| Q1 24 | $1.4B | $491.3M |
| Q4 25 | $86.6M | $186.9M | ||
| Q3 25 | $118.8M | $115.5M | ||
| Q2 25 | $126.9M | $90.1M | ||
| Q1 25 | $58.7M | $50.7M | ||
| Q4 24 | $84.0M | $182.2M | ||
| Q3 24 | $115.2M | $94.2M | ||
| Q2 24 | $133.3M | $85.0M | ||
| Q1 24 | $69.8M | $31.7M |
| Q4 25 | 30.6% | 80.7% | ||
| Q3 25 | 32.3% | 78.1% | ||
| Q2 25 | 33.3% | 78.2% | ||
| Q1 25 | 28.6% | 76.8% | ||
| Q4 24 | 29.9% | 81.7% | ||
| Q3 24 | 31.0% | 80.5% | ||
| Q2 24 | 33.3% | 81.1% | ||
| Q1 24 | 29.5% | 78.9% |
| Q4 25 | 10.6% | 30.3% | ||
| Q3 25 | 12.5% | 21.8% | ||
| Q2 25 | 13.6% | 16.8% | ||
| Q1 25 | 7.8% | 8.8% | ||
| Q4 24 | 9.6% | 26.4% | ||
| Q3 24 | 12.6% | 17.3% | ||
| Q2 24 | 13.9% | 16.2% | ||
| Q1 24 | 9.1% | 5.8% |
| Q4 25 | 5.8% | 22.1% | ||
| Q3 25 | 7.7% | 15.6% | ||
| Q2 25 | 8.2% | 13.0% | ||
| Q1 25 | 4.1% | 8.2% | ||
| Q4 24 | 5.9% | 24.6% | ||
| Q3 24 | 7.5% | 15.0% | ||
| Q2 24 | 8.6% | 14.5% | ||
| Q1 24 | 5.1% | 6.4% |
| Q4 25 | $1.62 | $0.39 | ||
| Q3 25 | $2.21 | $0.23 | ||
| Q2 25 | $2.36 | $0.18 | ||
| Q1 25 | $1.09 | $0.10 | ||
| Q4 24 | $1.55 | $0.36 | ||
| Q3 24 | $2.12 | $0.19 | ||
| Q2 24 | $2.46 | $0.17 | ||
| Q1 24 | $1.29 | $0.06 |
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 | $1.3B |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $2.7B | $2.5B |
| Total Assets | $7.6B | $6.2B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $127.4M | $1.3B | ||
| Q3 25 | $91.2M | $1.4B | ||
| Q2 25 | $98.9M | $1.7B | ||
| Q1 25 | $105.9M | $1.7B | ||
| Q4 24 | $102.6M | $1.9B | ||
| Q3 24 | $82.4M | $1.7B | ||
| Q2 24 | $91.3M | $1.5B | ||
| Q1 24 | $104.8M | $1.4B |
| Q4 25 | $2.7B | $2.5B | ||
| Q3 25 | $2.8B | $2.6B | ||
| Q2 25 | $2.7B | $2.7B | ||
| Q1 25 | $2.6B | $2.7B | ||
| Q4 24 | $2.6B | $2.9B | ||
| Q3 24 | $2.5B | $2.6B | ||
| Q2 24 | $2.4B | $2.4B | ||
| Q1 24 | $2.3B | $2.2B |
| Q4 25 | $7.6B | $6.2B | ||
| Q3 25 | $7.5B | $5.9B | ||
| Q2 25 | $7.4B | $6.0B | ||
| Q1 25 | $7.2B | $5.7B | ||
| Q4 24 | $7.4B | $6.1B | ||
| Q3 24 | $7.3B | $5.5B | ||
| Q2 24 | $7.1B | $5.2B | ||
| Q1 24 | $6.9B | $4.7B |
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 | $311.6M |
| Free Cash FlowOCF − Capex | $233.3M | $285.3M |
| FCF MarginFCF / Revenue | 15.6% | 33.7% |
| Capex IntensityCapex / Revenue | 8.1% | 3.1% |
| Cash ConversionOCF / Net Profit | 4.10× | 1.67× |
| TTM Free Cash FlowTrailing 4 quarters | $441.8M | $795.7M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $355.1M | $311.6M | ||
| Q3 25 | $302.0M | $224.7M | ||
| Q2 25 | $208.0M | $165.0M | ||
| Q1 25 | $1.6M | $291.4M | ||
| Q4 24 | $303.9M | $199.4M | ||
| Q3 24 | $239.2M | $273.3M | ||
| Q2 24 | $216.0M | $81.3M | ||
| Q1 24 | $18.5M | $185.5M |
| Q4 25 | $233.3M | $285.3M | ||
| Q3 25 | $207.5M | $158.3M | ||
| Q2 25 | $118.0M | $119.8M | ||
| Q1 25 | $-117.1M | $232.3M | ||
| Q4 24 | $241.5M | $179.2M | ||
| Q3 24 | $142.4M | $224.6M | ||
| Q2 24 | $80.9M | $59.1M | ||
| Q1 24 | $-119.4M | $178.2M |
| Q4 25 | 15.6% | 33.7% | ||
| Q3 25 | 13.4% | 21.4% | ||
| Q2 25 | 7.6% | 17.3% | ||
| Q1 25 | -8.2% | 37.7% | ||
| Q4 24 | 16.9% | 24.2% | ||
| Q3 24 | 9.3% | 35.8% | ||
| Q2 24 | 5.2% | 10.1% | ||
| Q1 24 | -8.7% | 36.3% |
| Q4 25 | 8.1% | 3.1% | ||
| Q3 25 | 6.1% | 9.0% | ||
| Q2 25 | 5.8% | 6.5% | ||
| Q1 25 | 8.3% | 9.6% | ||
| Q4 24 | 4.4% | 2.7% | ||
| Q3 24 | 6.3% | 7.8% | ||
| Q2 24 | 8.7% | 3.8% | ||
| Q1 24 | 10.0% | 1.5% |
| Q4 25 | 4.10× | 1.67× | ||
| Q3 25 | 2.54× | 1.94× | ||
| Q2 25 | 1.64× | 1.83× | ||
| Q1 25 | 0.03× | 5.75× | ||
| Q4 24 | 3.62× | 1.09× | ||
| Q3 24 | 2.08× | 2.90× | ||
| Q2 24 | 1.62× | 0.96× | ||
| Q1 24 | 0.27× | 5.86× |
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% |
TTD
| Other | $427.2M | 50% |
| Non Us | $419.6M | 50% |
