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

GFL Environmental Inc. is the larger business by last-quarter revenue ($4.9B vs $2.9B, roughly 1.7× V F CORP). V F CORP runs the higher net margin — 10.5% vs -13.9%, a 24.4% 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.

The F. W. Woolworth Company was a retail company and one of the pioneers of the five-and-dime store. It was among the most successful American and international five-and-dime businesses, setting trends and creating the modern retail model that stores worldwide follow today.

GFL vs VFC — Head-to-Head

Bigger by revenue
GFL
GFL
1.7× larger
GFL
$4.9B
$2.9B
VFC
Higher net margin
VFC
VFC
24.4% more per $
VFC
10.5%
-13.9%
GFL

Income Statement — Q3 FY2025 vs Q3 FY2026

Metric
GFL
GFL
VFC
VFC
Revenue
$4.9B
$2.9B
Net Profit
$-686.1M
$300.8M
Gross Margin
56.6%
Operating Margin
10.1%
Net Margin
-13.9%
10.5%
Revenue YoY
1.5%
Net Profit YoY
79.3%
EPS (diluted)
$0.76

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
VFC
VFC
Q4 25
$2.9B
Q3 25
$4.9B
$2.8B
Q2 25
$3.2B
$1.8B
Q1 25
$1.6B
$2.0B
Q4 24
$2.8B
Q3 24
$5.9B
$2.8B
Q2 24
$3.9B
$1.9B
Q1 24
$1.8B
$2.4B
Net Profit
GFL
GFL
VFC
VFC
Q4 25
$300.8M
Q3 25
$-686.1M
$189.8M
Q2 25
$-727.7M
$-116.4M
Q1 25
$-195.8M
$-150.8M
Q4 24
$167.8M
Q3 24
$94.3M
$52.2M
Q2 24
$-258.9M
Q1 24
$-217.8M
$-418.3M
Gross Margin
GFL
GFL
VFC
VFC
Q4 25
56.6%
Q3 25
52.2%
Q2 25
53.9%
Q1 25
52.7%
Q4 24
56.3%
Q3 24
52.2%
Q2 24
52.0%
Q1 24
48.4%
Operating Margin
GFL
GFL
VFC
VFC
Q4 25
10.1%
Q3 25
11.2%
Q2 25
-4.9%
Q1 25
2.2%
Q4 24
8.0%
Q3 24
9.9%
Q2 24
-12.6%
Q1 24
-15.0%
Net Margin
GFL
GFL
VFC
VFC
Q4 25
10.5%
Q3 25
-13.9%
6.8%
Q2 25
-22.5%
-6.6%
Q1 25
-12.6%
-7.5%
Q4 24
5.9%
Q3 24
1.6%
1.9%
Q2 24
-13.6%
Q1 24
-12.1%
-17.6%
EPS (diluted)
GFL
GFL
VFC
VFC
Q4 25
$0.76
Q3 25
$0.48
Q2 25
$-0.30
Q1 25
$-0.37
Q4 24
$0.43
Q3 24
$0.13
Q2 24
$-0.67
Q1 24
$-1.07

Balance Sheet & Financial Strength

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

Metric
GFL
GFL
VFC
VFC
Cash + ST InvestmentsLiquidity on hand
$1.5B
Total DebtLower is stronger
$3.6B
Stockholders' EquityBook value
$1.8B
Total Assets
$10.4B
Debt / EquityLower = less leverage
1.99×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
GFL
GFL
VFC
VFC
Q4 25
$1.5B
Q3 25
$419.1M
Q2 25
$642.4M
Q1 25
$429.4M
Q4 24
$1.4B
Q3 24
$492.2M
Q2 24
$637.4M
Q1 24
$674.6M
Total Debt
GFL
GFL
VFC
VFC
Q4 25
$3.6B
Q3 25
$3.5B
Q2 25
$3.6B
Q1 25
$3.4B
Q4 24
$3.9B
Q3 24
$4.0B
Q2 24
$3.9B
Q1 24
$4.7B
Stockholders' Equity
GFL
GFL
VFC
VFC
Q4 25
$1.8B
Q3 25
$1.5B
Q2 25
$1.3B
Q1 25
$1.5B
Q4 24
$1.7B
Q3 24
$1.4B
Q2 24
$1.4B
Q1 24
$1.7B
Total Assets
GFL
GFL
VFC
VFC
Q4 25
$10.4B
Q3 25
$10.6B
Q2 25
$10.2B
Q1 25
$9.4B
Q4 24
$10.6B
Q3 24
$12.2B
Q2 24
$11.5B
Q1 24
$11.6B
Debt / Equity
GFL
GFL
VFC
VFC
Q4 25
1.99×
Q3 25
2.40×
Q2 25
2.76×
Q1 25
2.30×
Q4 24
2.31×
Q3 24
2.86×
Q2 24
2.84×
Q1 24
2.84×

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
VFC
VFC
Operating Cash FlowLast quarter
$1.0B
Free Cash FlowOCF − Capex
$977.9M
FCF MarginFCF / Revenue
34.0%
Capex IntensityCapex / Revenue
1.1%
Cash ConversionOCF / Net Profit
3.36×
TTM Free Cash FlowTrailing 4 quarters
$357.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
GFL
GFL
VFC
VFC
Q4 25
$1.0B
Q3 25
$-227.0M
Q2 25
$-145.5M
Q1 25
$-171.1M
Q4 24
$918.1M
Q3 24
$-301.6M
Q2 24
$19.8M
Q1 24
Free Cash Flow
GFL
GFL
VFC
VFC
Q4 25
$977.9M
Q3 25
$-253.5M
Q2 25
$-173.7M
Q1 25
$-193.0M
Q4 24
$899.7M
Q3 24
$-322.4M
Q2 24
$-5.4M
Q1 24
FCF Margin
GFL
GFL
VFC
VFC
Q4 25
34.0%
Q3 25
-9.0%
Q2 25
-9.9%
Q1 25
-9.6%
Q4 24
31.7%
Q3 24
-11.7%
Q2 24
-0.3%
Q1 24
Capex Intensity
GFL
GFL
VFC
VFC
Q4 25
1.1%
Q3 25
0.9%
Q2 25
1.6%
Q1 25
1.1%
Q4 24
0.6%
Q3 24
0.8%
Q2 24
1.3%
Q1 24
Cash Conversion
GFL
GFL
VFC
VFC
Q4 25
3.36×
Q3 25
-1.20×
Q2 25
Q1 25
Q4 24
5.47×
Q3 24
-5.78×
Q2 24
Q1 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

GFL
GFL

Segment breakdown not available.

VFC
VFC

Outdoor$1.9B67%
Sales Channel Through Intermediary$813.4M28%
Other$136.3M5%

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