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Side-by-side financial comparison of CLEAN HARBORS INC (CLH) and UGI CORP (UGI). Click either name above to swap in a different company.
UGI CORP is the larger business by last-quarter revenue ($2.1B vs $1.5B, roughly 1.4× CLEAN HARBORS INC). UGI CORP runs the higher net margin — 14.4% vs 5.8%, a 8.6% gap on every dollar of revenue. On growth, CLEAN HARBORS INC posted the faster year-over-year revenue change (4.8% vs 3.9%). CLEAN HARBORS INC produced more free cash flow last quarter ($233.3M vs $-155.0M). Over the past eight quarters, CLEAN HARBORS INC's revenue compounded faster (4.4% CAGR vs -7.5%).
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...
UGI Corporation is a natural gas and electric power distribution company headquartered in King of Prussia, Pennsylvania, with extensive operations in the United States and Europe.
CLH vs UGI — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.5B | $2.1B |
| Net Profit | $86.6M | $297.0M |
| Gross Margin | 30.6% | — |
| Operating Margin | 10.6% | 22.0% |
| Net Margin | 5.8% | 14.4% |
| Revenue YoY | 4.8% | 3.9% |
| Net Profit YoY | 3.1% | -20.8% |
| EPS (diluted) | $1.62 | $1.34 |
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 | $2.1B | ||
| Q3 25 | $1.5B | $1.2B | ||
| Q2 25 | $1.5B | $1.4B | ||
| Q1 25 | $1.4B | $2.6B | ||
| Q4 24 | $1.4B | $2.0B | ||
| Q3 24 | $1.5B | $1.2B | ||
| Q2 24 | $1.6B | $1.4B | ||
| Q1 24 | $1.4B | $2.4B |
| Q4 25 | $86.6M | $297.0M | ||
| Q3 25 | $118.8M | $-13.0M | ||
| Q2 25 | $126.9M | $-163.0M | ||
| Q1 25 | $58.7M | $479.0M | ||
| Q4 24 | $84.0M | $375.0M | ||
| Q3 24 | $115.2M | $-273.0M | ||
| Q2 24 | $133.3M | $-48.0M | ||
| Q1 24 | $69.8M | $496.0M |
| Q4 25 | 30.6% | — | ||
| Q3 25 | 32.3% | — | ||
| Q2 25 | 33.3% | — | ||
| Q1 25 | 28.6% | — | ||
| Q4 24 | 29.9% | — | ||
| Q3 24 | 31.0% | — | ||
| Q2 24 | 33.3% | — | ||
| Q1 24 | 29.5% | — |
| Q4 25 | 10.6% | 22.0% | ||
| Q3 25 | 12.5% | 1.1% | ||
| Q2 25 | 13.6% | -6.8% | ||
| Q1 25 | 7.8% | 26.6% | ||
| Q4 24 | 9.6% | 24.5% | ||
| Q3 24 | 12.6% | -20.4% | ||
| Q2 24 | 13.9% | 5.0% | ||
| Q1 24 | 9.1% | 29.7% |
| Q4 25 | 5.8% | 14.4% | ||
| Q3 25 | 7.7% | -1.1% | ||
| Q2 25 | 8.2% | -12.0% | ||
| Q1 25 | 4.1% | 18.2% | ||
| Q4 24 | 5.9% | 18.9% | ||
| Q3 24 | 7.5% | -22.6% | ||
| Q2 24 | 8.6% | -3.6% | ||
| Q1 24 | 5.1% | 20.6% |
| Q4 25 | $1.62 | $1.34 | ||
| Q3 25 | $2.21 | $-0.08 | ||
| Q2 25 | $2.36 | $-0.76 | ||
| Q1 25 | $1.09 | $2.19 | ||
| Q4 24 | $1.55 | $1.74 | ||
| Q3 24 | $2.12 | $-1.26 | ||
| Q2 24 | $2.46 | $-0.23 | ||
| Q1 24 | $1.29 | $2.30 |
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 | $251.0M |
| Total DebtLower is stronger | — | $6.0B |
| Stockholders' EquityBook value | $2.7B | $5.0B |
| Total Assets | $7.6B | $15.8B |
| Debt / EquityLower = less leverage | — | 1.19× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $127.4M | $251.0M | ||
| Q3 25 | $91.2M | $335.0M | ||
| Q2 25 | $98.9M | $350.0M | ||
| Q1 25 | $105.9M | $426.0M | ||
| Q4 24 | $102.6M | $240.0M | ||
| Q3 24 | $82.4M | $213.0M | ||
| Q2 24 | $91.3M | $183.0M | ||
| Q1 24 | $104.8M | $263.0M |
| Q4 25 | — | $6.0B | ||
| Q3 25 | — | $6.5B | ||
| Q2 25 | — | $5.7B | ||
| Q1 25 | — | $6.6B | ||
| Q4 24 | — | $6.6B | ||
| Q3 24 | — | $6.4B | ||
| Q2 24 | — | $6.3B | ||
| Q1 24 | — | $6.7B |
| Q4 25 | $2.7B | $5.0B | ||
| Q3 25 | $2.8B | $4.8B | ||
| Q2 25 | $2.7B | $4.9B | ||
| Q1 25 | $2.6B | $5.0B | ||
| Q4 24 | $2.6B | $4.6B | ||
| Q3 24 | $2.5B | $4.3B | ||
| Q2 24 | $2.4B | $4.7B | ||
| Q1 24 | $2.3B | $4.8B |
| Q4 25 | $7.6B | $15.8B | ||
| Q3 25 | $7.5B | $15.5B | ||
| Q2 25 | $7.4B | $15.4B | ||
| Q1 25 | $7.2B | $15.7B | ||
| Q4 24 | $7.4B | $15.4B | ||
| Q3 24 | $7.3B | $15.1B | ||
| Q2 24 | $7.1B | $15.1B | ||
| Q1 24 | $6.9B | $15.6B |
| Q4 25 | — | 1.19× | ||
| Q3 25 | — | 1.37× | ||
| Q2 25 | — | 1.17× | ||
| Q1 25 | — | 1.32× | ||
| Q4 24 | — | 1.44× | ||
| Q3 24 | — | 1.48× | ||
| Q2 24 | — | 1.34× | ||
| Q1 24 | — | 1.40× |
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 | $66.0M |
| Free Cash FlowOCF − Capex | $233.3M | $-155.0M |
| FCF MarginFCF / Revenue | 15.6% | -7.5% |
| Capex IntensityCapex / Revenue | 8.1% | 10.7% |
| Cash ConversionOCF / Net Profit | 4.10× | 0.22× |
| TTM Free Cash FlowTrailing 4 quarters | $441.8M | $282.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $355.1M | $66.0M | ||
| Q3 25 | $302.0M | $90.0M | ||
| Q2 25 | $208.0M | $289.0M | ||
| Q1 25 | $1.6M | $684.0M | ||
| Q4 24 | $303.9M | $164.0M | ||
| Q3 24 | $239.2M | $151.0M | ||
| Q2 24 | $216.0M | $390.0M | ||
| Q1 24 | $18.5M | $522.0M |
| Q4 25 | $233.3M | $-155.0M | ||
| Q3 25 | $207.5M | $-168.0M | ||
| Q2 25 | $118.0M | $67.0M | ||
| Q1 25 | $-117.1M | $538.0M | ||
| Q4 24 | $241.5M | $-47.0M | ||
| Q3 24 | $142.4M | $-115.0M | ||
| Q2 24 | $80.9M | $185.0M | ||
| Q1 24 | $-119.4M | $353.0M |
| Q4 25 | 15.6% | -7.5% | ||
| Q3 25 | 13.4% | -14.4% | ||
| Q2 25 | 7.6% | 4.9% | ||
| Q1 25 | -8.2% | 20.4% | ||
| Q4 24 | 16.9% | -2.4% | ||
| Q3 24 | 9.3% | -9.5% | ||
| Q2 24 | 5.2% | 13.7% | ||
| Q1 24 | -8.7% | 14.6% |
| Q4 25 | 8.1% | 10.7% | ||
| Q3 25 | 6.1% | 22.1% | ||
| Q2 25 | 5.8% | 16.3% | ||
| Q1 25 | 8.3% | 5.5% | ||
| Q4 24 | 4.4% | 10.6% | ||
| Q3 24 | 6.3% | 22.0% | ||
| Q2 24 | 8.7% | 15.2% | ||
| Q1 24 | 10.0% | 7.0% |
| Q4 25 | 4.10× | 0.22× | ||
| Q3 25 | 2.54× | — | ||
| Q2 25 | 1.64× | — | ||
| Q1 25 | 0.03× | 1.43× | ||
| Q4 24 | 3.62× | 0.44× | ||
| Q3 24 | 2.08× | — | ||
| Q2 24 | 1.62× | — | ||
| Q1 24 | 0.27× | 1.05× |
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% |
UGI
Segment breakdown not available.
