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Clean Harbors CLH United States — Permits and other intangibles, net

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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 us-gaap:IntangibleAssetsNetExcludingGoodwill.

The source filing: Clean Harbors’s 10-K, filed February 18, 2026.

Filed
Feb 18, 2026, 1:02 PM EST
Fiscal year
FY2025
Accession
0000822818-26-000009
Line itemDecember 31, 2025 / TotalDecember 31, 2025 / % of TotalDecember 31, 2024 / TotalDecember 31, 2024 / % of Total
Property, plant and equipment, net
United States$2,331,26091.7%$2,249,15591.9%
Canada and other foreign209,8078.3198,7868.1
Total property, plant and equipment, net$2,541,067100.0%$2,447,941100.0%
Permits and other intangibles, net
United States$625,67095.8%$674,24696.0%
Canada27,3574.227,7414.0
Total permits and other intangibles, net$653,027100.0%$701,987100.0%

ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA

FAQ

What is Clean Harbors's united states — permits and other intangibles, net?
Clean Harbors (CLH) reported united states — permits and other intangibles, net of $625.67M in Q4 2025.
How has Clean Harbors's united states — permits and other intangibles, net changed year-over-year?
Clean Harbors's united states — permits and other intangibles, net decreased by 7.2% year-over-year, from $674.25M to $625.67M.
What does united states — permits and other intangibles, net mean?
This represents the net value of non-physical assets, specifically environmental permits and other intangible rights, held within the United States segment. These assets are critical for regulatory compliance and provide a competitive barrier to entry in the environmental services industry.

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