GFL financial statements
The full income statement, balance sheet, and cash-flow statement for GFL Environmental Inc. Subordinate voting shares no par value (GFL), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.
Shares outstanding (point-in-time)
SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.
| Line item | Trend | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Income Statement | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Revenue | 4.74B YoY+5.7% | 4.48B YoY-19.6% | 5.57B YoY+7.2% | 5.19B YoY+26.7% | 4.10B YoY+31.0% | |
| Cost of revenue | 3.76B YoY+2.8% | 3.65B YoY-21.0% | 4.63B YoY+1.0% | 4.58B YoY+23.1% | 3.72B YoY+24.5% | |
| Pre-tax income | 162M YoY+119.8% | -820M YoY-676.0% | 142M YoY+151.6% | -276M YoY+53.0% | -587M YoY+41.9% | |
| Income tax | -10.2M YoY+93.8% | -165M YoY-239.4% | 118M YoY+187.6% | -135M YoY-55.3% | -87.1M YoY+53.9% | |
2.73B YoY+607.2% | -538M YoY-2355.5% | 23.9M YoY+110.0% | -239M YoY+50.6% | -484M YoY+34.8% | ||
$7.15 YoY+564.5% | -$1.54 YoY-1497.9% | -$0.10 YoY+88.4% | -$0.83 YoY+43.2% | -$1.46 YoY+36.8% | ||
| Balance Sheet | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
850M YoY-28.0% | 1.18B YoY+5.3% | 1.12B YoY+9.8% | 1.02B YoY-13.0% | 1.17B YoY+45.7% | ||
14.1B YoY-4.6% | 14.8B YoY-1.7% | 15.0B YoY+2.8% | 14.6B YoY+1.1% | 14.4B YoY+17.1% | ||
1.46B YoY-33.5% | 2.19B YoY+60.4% | 1.37B YoY-31.2% | 1.99B YoY+66.4% | 1.19B YoY+27.8% | ||
8.62B YoY-11.5% | 9.74B YoY+3.2% | 9.44B YoY-6.9% | 10.1B YoY+2.3% | 9.91B YoY+24.4% | ||
5.33B YoY+9.7% | 4.86B YoY-10.4% | 5.42B YoY+21.6% | 4.46B YoY-1.6% | 4.53B YoY+3.8% | ||
| Cash Flow | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Cash from operations | 942M YoY-16.2% | 1.12B YoY+54.7% | 726M YoY-13.7% | 842M YoY+17.6% | 716M YoY+91.3% | |
| Acquisitions | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Long-term debt issued | 1.88B YoY-20.3% | 2.36B YoY-35.8% | 3.68B YoY+189.5% | 1.27B YoY-58.2% | 3.04B YoY-12.5% | |
| Long-term debt repaid | 3.45B YoY+62.7% | 2.12B YoY-46.7% | 3.98B YoY+472.1% | 695M YoY-56.7% | 1.60B YoY-65.3% | |
| Common stock issued | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 YoY-100.0% | |
| Common stock repurchased | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Dividends paid | 22.3M YoY+8.2% | 20.6M YoY+11.1% | 18.5M YoY+16.5% | 15.9M YoY+11.3% | 14.3M YoY+46.2% | |
| Valuation Ratios | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Market cap | 16.3B YoY-4.1% | 17.0B | — | — | — | |
| P/E | 6.0× | — | — | — | — | |
| P/S | 3.4× YoY-9.3% | 3.8× | — | — | — | |
| P/B | 3.1× YoY-12.6% | 3.5× | — | — | — | |
16.8% | — | — | — | — | ||
0.14% YoY+24.6% | 0.11% YoY-14.8% | 0.13% YoY-8.0% | 0.14% YoY+42.2% | 0.10% YoY+6.6% | ||
| Source filing | 40-F | 40-F | 40-F | 40-F | 40-F |
About this data
Source: GFL's SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn't file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all GFL filings on SEC EDGAR → Not investment advice.