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Side-by-side financial comparison of GFL Environmental Inc. (GFL) and Welltower (WELL). Click either name above to swap in a different company.
GFL Environmental Inc. is the larger business by last-quarter revenue ($4.9B vs $2.8B, roughly 1.7× Welltower). Welltower runs the higher net margin — 51.6% vs -13.9%, a 65.5% 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.
Welltower Inc. is a real estate investment trust that invests in healthcare infrastructure. As of December 31, 2022, the company had investments in approximately 3,000 properties, all of which were in the United States, Canada, and the United Kingdom.
GFL vs WELL — Head-to-Head
Income Statement — Q3 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $4.9B | $2.8B |
| Net Profit | $-686.1M | $1.5B |
| Gross Margin | — | — |
| Operating Margin | — | — |
| Net Margin | -13.9% | 51.6% |
| Revenue YoY | — | 180.6% |
| Net Profit YoY | — | 93.7% |
| EPS (diluted) | — | — |
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.
| Q1 26 | — | $2.8B | ||
| Q4 25 | — | $2.6B | ||
| Q3 25 | $4.9B | $2.1B | ||
| Q2 25 | $3.2B | $2.0B | ||
| Q1 25 | $1.6B | $1.9B | ||
| Q4 24 | — | $1.8B | ||
| Q3 24 | $5.9B | $1.5B | ||
| Q2 24 | $3.9B | $1.4B |
| Q1 26 | — | $1.5B | ||
| Q4 25 | — | $117.8M | ||
| Q3 25 | $-686.1M | $282.2M | ||
| Q2 25 | $-727.7M | $304.6M | ||
| Q1 25 | $-195.8M | $257.3M | ||
| Q4 24 | — | $123.8M | ||
| Q3 24 | $94.3M | $456.8M | ||
| Q2 24 | — | $260.7M |
| Q1 26 | — | — | ||
| Q4 25 | — | 24.3% | ||
| Q3 25 | — | 23.5% | ||
| Q2 25 | — | 23.2% | ||
| Q1 25 | — | 21.6% | ||
| Q4 24 | — | 20.0% | ||
| Q3 24 | — | 19.8% | ||
| Q2 24 | — | 20.2% |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 14.2% | ||
| Q2 25 | — | 15.1% | ||
| Q1 25 | — | 10.7% | ||
| Q4 24 | — | 6.2% | ||
| Q3 24 | — | 12.2% | ||
| Q2 24 | — | 6.5% |
| Q1 26 | — | 51.6% | ||
| Q4 25 | — | 4.6% | ||
| Q3 25 | -13.9% | 13.7% | ||
| Q2 25 | -22.5% | 15.5% | ||
| Q1 25 | -12.6% | 13.8% | ||
| Q4 24 | — | 7.0% | ||
| Q3 24 | 1.6% | 30.2% | ||
| Q2 24 | — | 18.7% |
| Q1 26 | — | — | ||
| Q4 25 | — | $0.13 | ||
| Q3 25 | — | $0.41 | ||
| Q2 25 | — | $0.45 | ||
| Q1 25 | — | $0.40 | ||
| Q4 24 | — | $0.20 | ||
| Q3 24 | — | $0.73 | ||
| Q2 24 | — | $0.42 |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
GFL
Segment breakdown not available.
WELL
| Resident fees and services | $1.9B | 67% |
| Other | $822.6M | 29% |
| Rental income | $103.4M | 4% |
