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Clean Harbors CLH Debt-to-equity

Debt-to-equity at other companies

Waste Management logo
Waste ManagementWM
0.2×0.0×
Republic Services logo
Republic ServicesRSG
0.0×
Waste Connections logo
Waste ConnectionsWCN
1.1×0.0×
APi Group logo
APi GroupAPG
0.8×-0.1×
Honeywell International logo
Honeywell InternationalHON
2.8×+0.8×
EMCOR Group logo
EMCOR GroupEME
0.1×0.0×

Other financials

Income statement

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Revenue$1.5B+1.9%
Gross profit$445.4M+8.6%
Operating income$118.9M+6.6%
Net income$63.2M+7.7%
EPS (diluted)$1.19+9.2%

Balance sheet

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Cash & equivalents$548.0M+12.0%
Total debt$3.0B+0.2%
Total equity$2.8B+7.9%
Total assets$7.6B+4.2%

Cash flow

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Operating cash flow$6.3M+292%
CapEx$98.4M-17.1%
Free cash flow-$92.1M+21.3%

Valuation

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Market cap$15.25B+42.9%
Enterprise value$17.75B+34.2%
P/E38.6×+11.3×
P/S2.5×+0.7×

Profitability

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Gross margin31.7%+1.0pp
Operating margin11.2%+0.2pp
Net margin6.5%-0.1pp

Returns & leverage

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Return on equity14.8%-1.2pp
Current ratio2.3×0.0×

Where this comes from

Calculated from Clean Harbors’s reported figures.

Based on the most recent quarter.

The official record: Clean Harbors’s 10-Q, filed May 6, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Clean Harbors's debt-to-equity?
Clean Harbors (CLH) reported debt-to-equity of 1.1× in Q1 2026.
How has Clean Harbors's debt-to-equity changed year-over-year?
Clean Harbors's debt-to-equity decreased by 7.2% year-over-year, from 1.2× to 1.1×.
What is the long-term trend for Clean Harbors's debt-to-equity?
Over 4 years (2021 to 2025), Clean Harbors's debt-to-equity has grown at a -4.3% compound annual growth rate (CAGR), from 5.5× to 4.6×.
What does debt-to-equity mean?
How much debt the company carries for every dollar of shareholder equity.
How do you interpret debt-to-equity?
Lower is generally safer, but moderate leverage can boost returns. Read in the context of cash-flow stability — a utility tolerates more debt than a cyclical. Negative equity makes the ratio meaningless and it is suppressed there.
How does debt-to-equity compare across companies?
Comparable within an industry; capital structures differ sharply across sectors. Not meaningful for banks.