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Clean Harbors CLH Environmental Services — Total Reportable Segment Adjusted EBITDA

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Safety-Kleen Sustainability Solutions
$92.99M+143%

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Other financials

Income statement

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Revenue$1.7B+11.9%
Gross profit$608.8M+17.9%
Operating income$268.9M+27.9%
Net income$170.5M+34.3%
EPS (diluted)$3.22+36.4%

Balance sheet

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Cash & equivalents$408.4M-32.0%
Total debt$3.0B0.0%
Total equity$2.9B+7.9%
Total assets$7.8B+5.3%

Cash flow

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Operating cash flow$239.2M+15.0%
CapEx$126.2M+40.2%
Free cash flow$113.0M-4.3%

Valuation

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Market cap$16.32B+25.6%
Enterprise value$18.95B+22.8%
P/E37.2×+3.4×
P/S2.6×+0.4×

Profitability

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Gross margin32.3%+1.5pp
Operating margin11.8%+0.9pp
Net margin7%+0.6pp
FCF margin7.4%+0.9pp

Returns & leverage

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Return on equity15.6%+0.6pp
Debt / equity-0.1×
Current ratio2.1×-0.3×

Where this comes from

Reported directly by Clean Harbors in its filing.

Tagged under the XBRL concept clh:IncomeLossFromContinuingOperationsBeforeInterestTaxDepreciationAndAmortizationNet.

The source filing: Clean Harbors’s 10-Q, filed July 29, 2026.

Filed
Jul 29, 2026, 10:56 AM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0000822818-26-000034
Line itemEnvironmental ServicesSafety-Kleen Sustainability SolutionsTotal Reportable Segments
Direct Revenues$1,456,563$278,442$1,735,005
Cost of Revenues943,730162,6391,106,369
Selling, General and Administrative Expenses106,72922,810129,539
Total Reportable Segment Adjusted EBITDA$406,104$92,993$499,097

Item 1. Unaudited Consolidated Financial Statements

FAQ

What is Clean Harbors's environmental services — total reportable segment adjusted EBITDA?
Clean Harbors (CLH) reported environmental services — total reportable segment adjusted EBITDA of $406.1M in Q2 2026.
How has Clean Harbors's environmental services — total reportable segment adjusted EBITDA changed year-over-year?
Clean Harbors's environmental services — total reportable segment adjusted EBITDA increased by 8.0% year-over-year, from $376.19M to $406.1M.
What is the long-term trend for Clean Harbors's environmental services — total reportable segment adjusted EBITDA?
Over 4 years (2021 to 2025), Clean Harbors's environmental services — total reportable segment adjusted EBITDA has grown at a 19.5% compound annual growth rate (CAGR), from $659.72M to $1.34B.
What does environmental services — total reportable segment adjusted EBITDA mean?
A non-GAAP measure of the environmental services segment's operating profitability, excluding interest, taxes, depreciation, amortization, and other non-recurring items. It provides a clearer view of the segment's core cash-generating capability by removing accounting distortions. This is a primary metric for evaluating segment-level performance and valuation.

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