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

GFL Environmental Inc. is the larger business by last-quarter revenue ($4.9B vs $3.3B, roughly 1.5× Sempra). Sempra runs the higher net margin — 10.7% vs -13.9%, a 24.6% 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.

Sempra is a North American public utility holding company based in San Diego, California. The company is one of the largest utility holding companies in the United States with nearly 40 million consumers.

GFL vs SRE — Head-to-Head

Bigger by revenue
GFL
GFL
1.5× larger
GFL
$4.9B
$3.3B
SRE
Higher net margin
SRE
SRE
24.6% more per $
SRE
10.7%
-13.9%
GFL

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
GFL
GFL
SRE
SRE
Revenue
$4.9B
$3.3B
Net Profit
$-686.1M
$352.0M
Gross Margin
Operating Margin
7.2%
Net Margin
-13.9%
10.7%
Revenue YoY
6.9%
Net Profit YoY
-47.9%
EPS (diluted)
$0.53

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
SRE
SRE
Q4 25
$3.3B
Q3 25
$4.9B
$2.8B
Q2 25
$3.2B
$2.7B
Q1 25
$1.6B
$3.7B
Q4 24
$3.1B
Q3 24
$5.9B
$2.6B
Q2 24
$3.9B
$2.5B
Q1 24
$1.8B
$3.7B
Net Profit
GFL
GFL
SRE
SRE
Q4 25
$352.0M
Q3 25
$-686.1M
$95.0M
Q2 25
$-727.7M
$473.0M
Q1 25
$-195.8M
$917.0M
Q4 24
$676.0M
Q3 24
$94.3M
$649.0M
Q2 24
$725.0M
Q1 24
$-217.8M
$812.0M
Operating Margin
GFL
GFL
SRE
SRE
Q4 25
7.2%
Q3 25
10.6%
Q2 25
17.3%
Q1 25
21.5%
Q4 24
35.0%
Q3 24
12.9%
Q2 24
18.8%
Q1 24
22.7%
Net Margin
GFL
GFL
SRE
SRE
Q4 25
10.7%
Q3 25
-13.9%
3.4%
Q2 25
-22.5%
17.5%
Q1 25
-12.6%
24.9%
Q4 24
22.0%
Q3 24
1.6%
25.3%
Q2 24
29.2%
Q1 24
-12.1%
22.0%
EPS (diluted)
GFL
GFL
SRE
SRE
Q4 25
$0.53
Q3 25
$0.12
Q2 25
$0.71
Q1 25
$1.39
Q4 24
$1.04
Q3 24
$1.00
Q2 24
$1.12
Q1 24
$1.26

Balance Sheet & Financial Strength

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

Metric
GFL
GFL
SRE
SRE
Cash + ST InvestmentsLiquidity on hand
$29.0M
Total DebtLower is stronger
$29.0B
Stockholders' EquityBook value
$31.6B
Total Assets
$110.9B
Debt / EquityLower = less leverage
0.92×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
GFL
GFL
SRE
SRE
Q4 25
$29.0M
Q3 25
$5.0M
Q2 25
$155.0M
Q1 25
$1.7B
Q4 24
$1.6B
Q3 24
$560.0M
Q2 24
$228.0M
Q1 24
$606.0M
Total Debt
GFL
GFL
SRE
SRE
Q4 25
$29.0B
Q3 25
$29.0B
Q2 25
$34.9B
Q1 25
$33.3B
Q4 24
$31.6B
Q3 24
$31.0B
Q2 24
$29.0B
Q1 24
$29.5B
Stockholders' Equity
GFL
GFL
SRE
SRE
Q4 25
$31.6B
Q3 25
$31.2B
Q2 25
$31.7B
Q1 25
$31.6B
Q4 24
$31.2B
Q3 24
$29.7B
Q2 24
$29.5B
Q1 24
$29.1B
Total Assets
GFL
GFL
SRE
SRE
Q4 25
$110.9B
Q3 25
$106.9B
Q2 25
$99.9B
Q1 25
$99.0B
Q4 24
$96.2B
Q3 24
$93.7B
Q2 24
$90.5B
Q1 24
$89.6B
Debt / Equity
GFL
GFL
SRE
SRE
Q4 25
0.92×
Q3 25
0.93×
Q2 25
1.10×
Q1 25
1.05×
Q4 24
1.01×
Q3 24
1.04×
Q2 24
0.98×
Q1 24
1.01×

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
SRE
SRE
Operating Cash FlowLast quarter
$1.2B
Free Cash FlowOCF − Capex
$-2.2B
FCF MarginFCF / Revenue
-67.7%
Capex IntensityCapex / Revenue
104.0%
Cash ConversionOCF / Net Profit
3.38×
TTM Free Cash FlowTrailing 4 quarters
$-6.0B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
GFL
GFL
SRE
SRE
Q4 25
$1.2B
Q3 25
$1.1B
Q2 25
$784.0M
Q1 25
$1.5B
Q4 24
$1.4B
Q3 24
$1.0B
Q2 24
$669.0M
Q1 24
$1.9B
Free Cash Flow
GFL
GFL
SRE
SRE
Q4 25
$-2.2B
Q3 25
$-1.5B
Q2 25
$-1.5B
Q1 25
$-854.0M
Q4 24
$-1.1B
Q3 24
$-913.0M
Q2 24
$-1.2B
Q1 24
$-82.0M
FCF Margin
GFL
GFL
SRE
SRE
Q4 25
-67.7%
Q3 25
-52.6%
Q2 25
-56.3%
Q1 25
-23.2%
Q4 24
-35.4%
Q3 24
-35.5%
Q2 24
-49.4%
Q1 24
-2.2%
Capex Intensity
GFL
GFL
SRE
SRE
Q4 25
104.0%
Q3 25
92.9%
Q2 25
85.3%
Q1 25
63.5%
Q4 24
79.9%
Q3 24
75.3%
Q2 24
76.4%
Q1 24
52.3%
Cash Conversion
GFL
GFL
SRE
SRE
Q4 25
3.38×
Q3 25
11.68×
Q2 25
1.66×
Q1 25
1.62×
Q4 24
2.02×
Q3 24
1.57×
Q2 24
0.92×
Q1 24
2.28×

Financial Flow Comparison

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

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