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+5.7% | 4.48B-19.6% | 5.57B+7.2% | 5.19B+26.7% | 4.10B+31.0% | |
| Cost of revenue | 3.76B+2.8% | 3.65B-21.0% | 4.63B+1.0% | 4.58B+23.1% | 3.72B+24.5% | |
| Pre-tax income | 162M+119.8% | -820M-676.0% | 142M+151.6% | -276M+53.0% | -587M+41.9% | |
| Income tax | -10.2M+93.8% | -165M-239.4% | 118M+187.6% | -135M-55.3% | -87.1M+53.9% | |
| 2.73B+607.2% | -538M-2355.5% | 23.9M+110.0% | -239M+50.6% | -484M+34.8% | ||
| Net income to common | 2.74B+620.5% | -527M-1667.2% | 33.6M+114.0% | -240M+50.5% | -484M+41.1% | |
| $7.15+564.5% | -$1.54-1497.9% | -$0.10+88.4% | -$0.83+43.2% | -$1.46+36.8% | ||
| EPS (basic) | $7.33+576.1% | -$1.54-1497.9% | -$0.10+88.4% | -$0.83+43.2% | -$1.46+36.8% | |
| Weighted-avg shares (basic) | 370M-3.0% | 381M+3.0% | 370M+0.7% | 367M+1.6% | 362M+0.3% | |
| Weighted-avg shares (diluted) | 379M-0.6% | 381M | — | — | — | |
| Dividends per share | $0.06+20.2% | $0.05+10.0% | $0.05+8.6% | $0.04+9.8% | $0.04+38.3% | |
| Balance Sheet | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 850M-28.0% | 1.18B+5.3% | 1.12B+9.8% | 1.02B-13.0% | 1.17B+45.7% | ||
| Cash & equivalents | 62.5M-32.9% | 93.2M-9.1% | 103M+69.0% | 60.7M-59.4% | 149M+601.0% | |
| Accounts receivable | 586M-28.4% | 818M+0.3% | 816M-1.2% | 826M-7.3% | 891M+31.0% | |
| Inventory | 44.5M-40.7% | 75.0M+1.1% | 74.2M+19.2% | 62.2M-3.4% | 64.4M+43.1% | |
| 14.1B-4.6% | 14.8B-1.7% | 15.0B+2.8% | 14.6B+1.1% | 14.4B+17.1% | ||
| Goodwill | 5.03B-10.4% | 5.62B-5.8% | 5.96B-1.4% | 6.05B+2.7% | 5.89B+15.6% | |
| Total non-current assets | 13.2B-2.6% | 13.6B-2.2% | 13.9B+2.3% | 13.6B+2.4% | 13.3B+15.1% | |
| 1.46B-33.5% | 2.19B+60.4% | 1.37B-31.2% | 1.99B+66.4% | 1.19B+27.8% | ||
| Short-term & current debt | 0.00-100.0% | 798M+10796.5% | 7.33M-44.6% | 13.2M-2.0% | 13.5M+274.4% | |
| 8.62B-11.5% | 9.74B+3.2% | 9.44B-6.9% | 10.1B+2.3% | 9.91B+24.4% | ||
| Long-term debt | 5.42B-12.1% | 6.17B-7.5% | 6.67B-2.4% | 6.83B+9.0% | 6.27B+29.8% | |
| 5.33B+9.7% | 4.86B-10.4% | 5.42B+21.6% | 4.46B-1.6% | 4.53B+3.8% | ||
| Total equity incl. non-controlling | 5.46B+8.7% | 5.03B-9.9% | 5.58B+25.0% | 4.47B-1.5% | 4.53B+3.8% | |
| Common shares outstanding | 371M-10.0% | 412M+1.0% | 408M+7.3% | 380M+1.4% | 375M+5.7% | |
| 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-16.2% | 1.12B+54.7% | 726M-13.7% | 842M+17.6% | 716M+91.3% | |
| Acquisitions | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Long-term debt issued | 1.88B-20.3% | 2.36B-35.8% | 3.68B+189.5% | 1.27B-58.2% | 3.04B-12.5% | |
| Long-term debt repaid | 3.45B+62.7% | 2.12B-46.7% | 3.98B+472.1% | 695M-56.7% | 1.60B-65.3% | |
| Common stock issued | 0.00 | 0.00 | 0.00 | 0.00 | 0.00-100.0% | |
| Common stock repurchased | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Dividends paid | 22.3M+8.2% | 20.6M+11.1% | 18.5M+16.5% | 15.9M+11.3% | 14.3M+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 | 15.9B-13.2% | 18.3B+39.8% | 13.1B+19.7% | 11.0B-22.8% | 14.2B+37.1% | |
| P/E | 5.8× | — | — | — | — | |
| P/S | 3.4×-17.9% | 4.1×+62.2% | 2.5×-5.6% | 2.7×-22.8% | 3.5×+4.7% | |
| P/B | 3.0×-20.9% | 3.8×+28.4% | 2.9×+21.7% | 2.4×-22.8% | 3.1×+32.0% | |
| Earnings yield | 17.1% | — | — | — | — | |
| Dividend yield | 0.14%+24.6% | 0.11%-14.8% | 0.13%-8.0% | 0.14%+42.2% | 0.10%+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.