Canada's GFL Environmental Q4 revenue beats expectations

GFL Environmental

11/02/2026 21:19

Overview

Canada's diversified environmental services firm's Q4 revenue and adjusted EBITDA beat analyst expectations

Company completed C$3 bln of share repurchases, over 10% of subordinate voting shares

Company completed acquisitions generating approximately C$290 mln in annualized revenue

Outlook

GFL Environmental estimates 2026 revenue at approximately C$7 bln, up 8%

Company expects 2026 adjusted EBITDA of approximately C$2.14 bln, up 10%

GFL forecasts 2026 adjusted free cash flow of approximately C$835 mln, up 14%

Result Drivers

DIVESTITURE IMPACT - Sale of Environmental Services business and recapitalization of Green Infrastructure Partners helped reduce net leverage, facilitating share repurchases

ACQUISITIONS - Completed acquisitions contributed approximately C$290 mln in annualized revenue, supporting overall revenue growth

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Revenue
Beat
C$1.69 bln
C$1.67 bln (14 Analysts)
Q4 Net Income
C$24.2 mln
Q4 Adjusted EBITDA
Beat
C$508.70 mln
C$500.27 mln (13 Analysts)
Q4 Pretax Profit
C$41.3 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 10 "strong buy" or "buy", 3 "hold" and 1 "sell" or "strong sell"

The average consensus recommendation for the environmental services & equipment peer group is "buy"

Wall Street's median 12-month price target for GFL Environmental Inc is C$69.50, about 18.8% above its February 10 closing price of C$58.48

The stock recently traded at 57 times the next 12-month earnings vs. a P/E of 59 three months ago

Press Release: ID:nCNW2HnqSa

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)