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Side-by-side financial comparison of CLEAN HARBORS INC (CLH) and MARRIOTT VACATIONS WORLDWIDE Corp (VAC). Click either name above to swap in a different company.
CLEAN HARBORS INC is the larger business by last-quarter revenue ($1.5B vs $1.2B, roughly 1.2× MARRIOTT VACATIONS WORLDWIDE Corp). CLEAN HARBORS INC runs the higher net margin — 5.8% vs -35.0%, a 40.8% gap on every dollar of revenue. On growth, CLEAN HARBORS INC posted the faster year-over-year revenue change (4.8% vs -0.7%). CLEAN HARBORS INC produced more free cash flow last quarter ($233.3M vs $-6.0M). Over the past eight quarters, MARRIOTT VACATIONS WORLDWIDE Corp's revenue compounded faster (5.2% 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...
Marriott Vacations Worldwide Corporation is a pure-play public timeshare company. Formerly a division of Marriott International, Marriott Vacations Worldwide was established as a separate, publicly traded entity focusing primarily on vacation ownership in November 2011. Marriott Vacations Worldwide runs more than 120 resorts with over 700,000 Owners and members in a diverse portfolio of brands under The Marriott Vacation Clubs name. Its brands include Marriott Vacation Club, The Marriott Vaca...
CLH vs VAC — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.5B | $1.2B |
| Net Profit | $86.6M | $-431.0M |
| Gross Margin | 30.6% | — |
| Operating Margin | 10.6% | — |
| Net Margin | 5.8% | -35.0% |
| Revenue YoY | 4.8% | -0.7% |
| Net Profit YoY | 3.1% | -962.0% |
| EPS (diluted) | $1.62 | $-12.00 |
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 | $1.2B | ||
| Q3 25 | $1.5B | $1.2B | ||
| Q2 25 | $1.5B | $1.2B | ||
| Q1 25 | $1.4B | $1.1B | ||
| Q4 24 | $1.4B | $1.2B | ||
| Q3 24 | $1.5B | $1.2B | ||
| Q2 24 | $1.6B | $1.1B | ||
| Q1 24 | $1.4B | $1.1B |
| Q4 25 | $86.6M | $-431.0M | ||
| Q3 25 | $118.8M | $-2.0M | ||
| Q2 25 | $126.9M | $69.0M | ||
| Q1 25 | $58.7M | $56.0M | ||
| Q4 24 | $84.0M | $50.0M | ||
| Q3 24 | $115.2M | $84.0M | ||
| Q2 24 | $133.3M | $37.0M | ||
| Q1 24 | $69.8M | $47.0M |
| 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% | — | ||
| Q3 25 | 12.5% | — | ||
| Q2 25 | 13.6% | — | ||
| Q1 25 | 7.8% | — | ||
| Q4 24 | 9.6% | — | ||
| Q3 24 | 12.6% | — | ||
| Q2 24 | 13.9% | — | ||
| Q1 24 | 9.1% | — |
| Q4 25 | 5.8% | -35.0% | ||
| Q3 25 | 7.7% | -0.2% | ||
| Q2 25 | 8.2% | 6.0% | ||
| Q1 25 | 4.1% | 5.0% | ||
| Q4 24 | 5.9% | 4.0% | ||
| Q3 24 | 7.5% | 6.9% | ||
| Q2 24 | 8.6% | 3.5% | ||
| Q1 24 | 5.1% | 4.2% |
| Q4 25 | $1.62 | $-12.00 | ||
| Q3 25 | $2.21 | $-0.07 | ||
| Q2 25 | $2.36 | $1.77 | ||
| Q1 25 | $1.09 | $1.46 | ||
| Q4 24 | $1.55 | $1.29 | ||
| Q3 24 | $2.12 | $2.12 | ||
| Q2 24 | $2.46 | $0.98 | ||
| Q1 24 | $1.29 | $1.22 |
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 | $406.0M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $2.7B | $2.0B |
| Total Assets | $7.6B | $9.8B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $127.4M | $406.0M | ||
| Q3 25 | $91.2M | $474.0M | ||
| Q2 25 | $98.9M | $205.0M | ||
| Q1 25 | $105.9M | $196.0M | ||
| Q4 24 | $102.6M | $197.0M | ||
| Q3 24 | $82.4M | $197.0M | ||
| Q2 24 | $91.3M | $206.0M | ||
| Q1 24 | $104.8M | $237.0M |
| Q4 25 | $2.7B | $2.0B | ||
| Q3 25 | $2.8B | $2.5B | ||
| Q2 25 | $2.7B | $2.5B | ||
| Q1 25 | $2.6B | $2.4B | ||
| Q4 24 | $2.6B | $2.4B | ||
| Q3 24 | $2.5B | $2.4B | ||
| Q2 24 | $2.4B | $2.4B | ||
| Q1 24 | $2.3B | $2.4B |
| Q4 25 | $7.6B | $9.8B | ||
| Q3 25 | $7.5B | $10.1B | ||
| Q2 25 | $7.4B | $9.9B | ||
| Q1 25 | $7.2B | $9.9B | ||
| Q4 24 | $7.4B | $9.8B | ||
| Q3 24 | $7.3B | $9.7B | ||
| Q2 24 | $7.1B | $9.6B | ||
| Q1 24 | $6.9B | $9.9B |
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 | $6.0M |
| Free Cash FlowOCF − Capex | $233.3M | $-6.0M |
| FCF MarginFCF / Revenue | 15.6% | -0.5% |
| Capex IntensityCapex / Revenue | 8.1% | 1.0% |
| Cash ConversionOCF / Net Profit | 4.10× | — |
| TTM Free Cash FlowTrailing 4 quarters | $441.8M | $-29.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $355.1M | $6.0M | ||
| Q3 25 | $302.0M | $62.0M | ||
| Q2 25 | $208.0M | $-48.0M | ||
| Q1 25 | $1.6M | $8.0M | ||
| Q4 24 | $303.9M | $100.0M | ||
| Q3 24 | $239.2M | $72.0M | ||
| Q2 24 | $216.0M | $30.0M | ||
| Q1 24 | $18.5M | $3.0M |
| Q4 25 | $233.3M | $-6.0M | ||
| Q3 25 | $207.5M | $51.0M | ||
| Q2 25 | $118.0M | $-68.0M | ||
| Q1 25 | $-117.1M | $-6.0M | ||
| Q4 24 | $241.5M | $86.0M | ||
| Q3 24 | $142.4M | $58.0M | ||
| Q2 24 | $80.9M | $17.0M | ||
| Q1 24 | $-119.4M | $-13.0M |
| Q4 25 | 15.6% | -0.5% | ||
| Q3 25 | 13.4% | 4.3% | ||
| Q2 25 | 7.6% | -5.9% | ||
| Q1 25 | -8.2% | -0.5% | ||
| Q4 24 | 16.9% | 6.9% | ||
| Q3 24 | 9.3% | 4.8% | ||
| Q2 24 | 5.2% | 1.6% | ||
| Q1 24 | -8.7% | -1.2% |
| Q4 25 | 8.1% | 1.0% | ||
| Q3 25 | 6.1% | 0.9% | ||
| Q2 25 | 5.8% | 1.7% | ||
| Q1 25 | 8.3% | 1.3% | ||
| Q4 24 | 4.4% | 1.1% | ||
| Q3 24 | 6.3% | 1.1% | ||
| Q2 24 | 8.7% | 1.2% | ||
| Q1 24 | 10.0% | 1.4% |
| Q4 25 | 4.10× | — | ||
| Q3 25 | 2.54× | — | ||
| Q2 25 | 1.64× | -0.70× | ||
| Q1 25 | 0.03× | 0.14× | ||
| Q4 24 | 3.62× | 2.00× | ||
| Q3 24 | 2.08× | 0.86× | ||
| Q2 24 | 1.62× | 0.81× | ||
| Q1 24 | 0.27× | 0.06× |
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% |
VAC
| Cost Reimbursement | $467.0M | 38% |
| Time Share | $381.0M | 31% |
| Management And Exchange | $212.0M | 17% |
| Ancillary Revenues | $64.0M | 5% |
| Management Service | $55.0M | 4% |
| Service Other | $36.0M | 3% |
