vs

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

Marriott International is the larger business by last-quarter revenue ($6.7B vs $4.9B, roughly 1.4× GFL Environmental Inc.). Marriott International runs the higher net margin — 6.7% vs -13.9%, a 20.6% 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.

Marriott International, Inc. is an American multinational company that operates, franchises, and licenses lodging brands that include hotel, residential, and timeshare properties. Marriott International owns over 37 hotel and timeshare brands with 9,000 locations and 1,597,380 rooms across its network. Marriott International is headquartered in Bethesda, Maryland. The company is the successor to the hospitality division of the Marriott Corporation, founded by J.

GFL vs MAR — Head-to-Head

Bigger by revenue
MAR
MAR
1.4× larger
MAR
$6.7B
$4.9B
GFL
Higher net margin
MAR
MAR
20.6% more per $
MAR
6.7%
-13.9%
GFL

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
GFL
GFL
MAR
MAR
Revenue
$4.9B
$6.7B
Net Profit
$-686.1M
$445.0M
Gross Margin
Operating Margin
11.6%
Net Margin
-13.9%
6.7%
Revenue YoY
4.1%
Net Profit YoY
-2.2%
EPS (diluted)
$1.67

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
MAR
MAR
Q4 25
$6.7B
Q3 25
$4.9B
$6.5B
Q2 25
$3.2B
$6.7B
Q1 25
$1.6B
$6.3B
Q4 24
$6.4B
Q3 24
$5.9B
$6.3B
Q2 24
$3.9B
$6.4B
Q1 24
$1.8B
$6.0B
Net Profit
GFL
GFL
MAR
MAR
Q4 25
$445.0M
Q3 25
$-686.1M
$728.0M
Q2 25
$-727.7M
$763.0M
Q1 25
$-195.8M
$665.0M
Q4 24
$455.0M
Q3 24
$94.3M
$584.0M
Q2 24
$772.0M
Q1 24
$-217.8M
$564.0M
Operating Margin
GFL
GFL
MAR
MAR
Q4 25
11.6%
Q3 25
18.2%
Q2 25
18.3%
Q1 25
15.1%
Q4 24
11.7%
Q3 24
15.1%
Q2 24
18.6%
Q1 24
14.7%
Net Margin
GFL
GFL
MAR
MAR
Q4 25
6.7%
Q3 25
-13.9%
11.2%
Q2 25
-22.5%
11.3%
Q1 25
-12.6%
10.6%
Q4 24
7.1%
Q3 24
1.6%
9.3%
Q2 24
12.0%
Q1 24
-12.1%
9.4%
EPS (diluted)
GFL
GFL
MAR
MAR
Q4 25
$1.67
Q3 25
$2.67
Q2 25
$2.78
Q1 25
$2.39
Q4 24
$1.64
Q3 24
$2.07
Q2 24
$2.69
Q1 24
$1.93

Balance Sheet & Financial Strength

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

Metric
GFL
GFL
MAR
MAR
Cash + ST InvestmentsLiquidity on hand
$358.0M
Total DebtLower is stronger
$15.0B
Stockholders' EquityBook value
$-3.8B
Total Assets
$27.5B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
GFL
GFL
MAR
MAR
Q4 25
$358.0M
Q3 25
$678.0M
Q2 25
$671.0M
Q1 25
$523.0M
Q4 24
$396.0M
Q3 24
$394.0M
Q2 24
$349.0M
Q1 24
$429.0M
Total Debt
GFL
GFL
MAR
MAR
Q4 25
$15.0B
Q3 25
$14.4B
Q2 25
$14.5B
Q1 25
$14.1B
Q4 24
$13.1B
Q3 24
$12.7B
Q2 24
$12.2B
Q1 24
$11.7B
Stockholders' Equity
GFL
GFL
MAR
MAR
Q4 25
$-3.8B
Q3 25
$-3.1B
Q2 25
$-3.0B
Q1 25
$-3.2B
Q4 24
$-3.0B
Q3 24
$-2.4B
Q2 24
$-2.1B
Q1 24
$-1.6B
Total Assets
GFL
GFL
MAR
MAR
Q4 25
$27.5B
Q3 25
$27.8B
Q2 25
$27.3B
Q1 25
$26.7B
Q4 24
$26.2B
Q3 24
$26.2B
Q2 24
$25.7B
Q1 24
$25.8B

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
MAR
MAR
Operating Cash FlowLast quarter
$829.0M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
1.86×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
GFL
GFL
MAR
MAR
Q4 25
$829.0M
Q3 25
$1.1B
Q2 25
$643.0M
Q1 25
$647.0M
Q4 24
$318.0M
Q3 24
$880.0M
Q2 24
$772.0M
Q1 24
$779.0M
Free Cash Flow
GFL
GFL
MAR
MAR
Q4 25
Q3 25
$951.0M
Q2 25
$488.0M
Q1 25
$512.0M
Q4 24
$-24.0M
Q3 24
$706.0M
Q2 24
$647.0M
Q1 24
$670.0M
FCF Margin
GFL
GFL
MAR
MAR
Q4 25
Q3 25
14.7%
Q2 25
7.2%
Q1 25
8.2%
Q4 24
-0.4%
Q3 24
11.3%
Q2 24
10.0%
Q1 24
11.2%
Capex Intensity
GFL
GFL
MAR
MAR
Q4 25
Q3 25
2.2%
Q2 25
2.3%
Q1 25
2.2%
Q4 24
5.3%
Q3 24
2.8%
Q2 24
1.9%
Q1 24
1.8%
Cash Conversion
GFL
GFL
MAR
MAR
Q4 25
1.86×
Q3 25
1.50×
Q2 25
0.84×
Q1 25
0.97×
Q4 24
0.70×
Q3 24
1.51×
Q2 24
1.00×
Q1 24
1.38×

Financial Flow Comparison

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

Related Comparisons