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Side-by-side financial comparison of GFL Environmental Inc. (GFL) and International Flavors & Fragrances (IFF). Click either name above to swap in a different company.

GFL Environmental Inc. is the larger business by last-quarter revenue ($4.9B vs $2.6B, roughly 1.9× International Flavors & Fragrances). International Flavors & Fragrances runs the higher net margin — 0.2% vs -13.9%, a 14.1% gap on every dollar of revenue.

GFL Environmental Inc. is an American-Canadian waste management company founded in Vaughan, Ontario, with headquarters in Miami Beach, Florida. Founded in 2007, GFL operates in all provinces in Canada and much of the United States, and currently employs more than 20,000 people. The company provides environmental services to municipal, residential, commercial, industrial and institutional customers.

International Flavors & Fragrances Inc. (IFF) is an American corporation that creates products across taste, texture, scent, nutrition, enzymes, cultures, soy proteins, and probiotics categories, which it markets globally. It is headquartered in New York City and has creative, sales, and manufacturing facilities in 44 countries. The company is a member of the S&P 500 index.

GFL vs IFF — Head-to-Head

Bigger by revenue
GFL
GFL
1.9× larger
GFL
$4.9B
$2.6B
IFF
Higher net margin
IFF
IFF
14.1% more per $
IFF
0.2%
-13.9%
GFL

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
GFL
GFL
IFF
IFF
Revenue
$4.9B
$2.6B
Net Profit
$-686.1M
$5.0M
Gross Margin
34.4%
Operating Margin
3.7%
Net Margin
-13.9%
0.2%
Revenue YoY
-6.6%
Net Profit YoY
110.9%
EPS (diluted)
$0.03

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.

Revenue
GFL
GFL
IFF
IFF
Q4 25
$2.6B
Q3 25
$4.9B
$2.7B
Q2 25
$3.2B
$2.8B
Q1 25
$1.6B
$2.8B
Q4 24
$2.8B
Q3 24
$5.9B
$2.9B
Q2 24
$3.9B
$2.9B
Q1 24
$1.8B
$2.9B
Net Profit
GFL
GFL
IFF
IFF
Q4 25
$5.0M
Q3 25
$-686.1M
$40.0M
Q2 25
$-727.7M
$612.0M
Q1 25
$-195.8M
$-1.0B
Q4 24
$-46.0M
Q3 24
$94.3M
$59.0M
Q2 24
$170.0M
Q1 24
$-217.8M
$60.0M
Gross Margin
GFL
GFL
IFF
IFF
Q4 25
34.4%
Q3 25
36.5%
Q2 25
37.3%
Q1 25
36.4%
Q4 24
35.4%
Q3 24
36.0%
Q2 24
37.0%
Q1 24
35.3%
Operating Margin
GFL
GFL
IFF
IFF
Q4 25
3.7%
Q3 25
8.4%
Q2 25
7.2%
Q1 25
-31.8%
Q4 24
4.6%
Q3 24
8.5%
Q2 24
6.6%
Q1 24
6.9%
Net Margin
GFL
GFL
IFF
IFF
Q4 25
0.2%
Q3 25
-13.9%
1.5%
Q2 25
-22.5%
22.1%
Q1 25
-12.6%
-35.8%
Q4 24
-1.7%
Q3 24
1.6%
2.0%
Q2 24
5.9%
Q1 24
-12.1%
2.1%
EPS (diluted)
GFL
GFL
IFF
IFF
Q4 25
$0.03
Q3 25
$0.16
Q2 25
$2.38
Q1 25
$-3.98
Q4 24
$-0.17
Q3 24
$0.23
Q2 24
$0.66
Q1 24
$0.23

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
GFL
GFL
IFF
IFF
Cash + ST InvestmentsLiquidity on hand
$590.0M
Total DebtLower is stronger
$5.6B
Stockholders' EquityBook value
$14.2B
Total Assets
$25.5B
Debt / EquityLower = less leverage
0.40×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
GFL
GFL
IFF
IFF
Q4 25
$590.0M
Q3 25
$621.0M
Q2 25
$816.0M
Q1 25
$613.0M
Q4 24
$469.0M
Q3 24
$567.0M
Q2 24
$671.0M
Q1 24
$732.0M
Total Debt
GFL
GFL
IFF
IFF
Q4 25
$5.6B
Q3 25
Q2 25
Q1 25
Q4 24
$8.9B
Q3 24
Q2 24
Q1 24
Stockholders' Equity
GFL
GFL
IFF
IFF
Q4 25
$14.2B
Q3 25
$14.2B
Q2 25
$14.4B
Q1 25
$13.2B
Q4 24
$13.9B
Q3 24
$14.8B
Q2 24
$14.3B
Q1 24
$14.3B
Total Assets
GFL
GFL
IFF
IFF
Q4 25
$25.5B
Q3 25
$25.8B
Q2 25
$26.1B
Q1 25
$28.3B
Q4 24
$28.7B
Q3 24
$29.9B
Q2 24
$29.5B
Q1 24
$30.6B
Debt / Equity
GFL
GFL
IFF
IFF
Q4 25
0.40×
Q3 25
Q2 25
Q1 25
Q4 24
0.64×
Q3 24
Q2 24
Q1 24

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
GFL
GFL
IFF
IFF
Operating Cash FlowLast quarter
$318.0M
Free Cash FlowOCF − Capex
$130.0M
FCF MarginFCF / Revenue
5.0%
Capex IntensityCapex / Revenue
7.3%
Cash ConversionOCF / Net Profit
63.60×
TTM Free Cash FlowTrailing 4 quarters
$256.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
GFL
GFL
IFF
IFF
Q4 25
$318.0M
Q3 25
$164.0M
Q2 25
$241.0M
Q1 25
$127.0M
Q4 24
$368.0M
Q3 24
$366.0M
Q2 24
$237.0M
Q1 24
$99.0M
Free Cash Flow
GFL
GFL
IFF
IFF
Q4 25
$130.0M
Q3 25
$32.0M
Q2 25
$146.0M
Q1 25
$-52.0M
Q4 24
$208.0M
Q3 24
$263.0M
Q2 24
$155.0M
Q1 24
$-19.0M
FCF Margin
GFL
GFL
IFF
IFF
Q4 25
5.0%
Q3 25
1.2%
Q2 25
5.3%
Q1 25
-1.8%
Q4 24
7.5%
Q3 24
9.0%
Q2 24
5.4%
Q1 24
-0.7%
Capex Intensity
GFL
GFL
IFF
IFF
Q4 25
7.3%
Q3 25
4.9%
Q2 25
3.4%
Q1 25
6.3%
Q4 24
5.8%
Q3 24
3.5%
Q2 24
2.8%
Q1 24
4.1%
Cash Conversion
GFL
GFL
IFF
IFF
Q4 25
63.60×
Q3 25
4.10×
Q2 25
0.39×
Q1 25
Q4 24
Q3 24
6.20×
Q2 24
1.39×
Q1 24
1.65×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

GFL
GFL

Segment breakdown not available.

IFF
IFF

Food Ingredients$802.0M31%
Scent$610.0M24%
Other$589.0M23%
Taste$588.0M23%

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