CLH on NYSE

Clean Harbors

Logo: Clean Harbors, CC BY 3.0, via Wikimedia Commons4

American environmental company

Clean Harbors, Inc., headquartered in Norwell, Massachusetts, is a provider of waste management and industrial services for commercial customers, specializing in the collection, transportation, treatment and disposal of hazardous waste, but also offering services for non-hazardous waste. The company has 870 operating locations in 630 properties in the U.S. and Canada including a network of over 100 waste disposal facilities such as incinerators, landfills (seven hazardous waste landfills and two non-hazardous waste landfills), treatment, storage and disposal facilities.3 From Wikipedia, CC BY-SA 4.0

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Last updated Oct 16, 2026.

Overview

1980Founded1

Compare with Stericycle, Perma-Fix Environmental Services or Waste Connections, or pick any stock.

  • TickerCLH on NYSE1
  • Industrywaste management1
  • HeadquartersNorwell1
  • Websitewww.cleanharbors.com
  • Incorporated inMA5
  • Business address42 Longwater Drive, P.O. Box 9149, Norwell, Ma 02061-91495
  • Filer categoryLarge accelerated filer5

Clean Harbors, Inc., headquartered in Norwell, Massachusetts, is a provider of waste management and industrial services for commercial customers, specializing in the collection, transportation, treatment and disposal of hazardous waste, but also offering services for non-hazardous waste. The company has 870 operating locations in 630 properties in the U.S. and Canada including a network of over 100 waste disposal facilities such as incinerators, landfills (seven hazardous waste landfills and two non-hazardous waste landfills), treatment, storage and disposal facilities. It also owns Safety-Kleen, the largest re-refiner and recycler of used oil in North America. In 2024, the company received 91% of its revenues in the United States and 9% of its revenues in Canada. In 2024, the company's revenues primarily came from the following industries: chemical industry (15%), manufacturing (14%), refineries (13%), automotive industry (8%), utilities (6%), base and blended oils (5%), oil and gas industry (5%), transportation (4%), government (4%) and retail (3%).3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

11.2%Operating margin7
6.5%Net margin7
2.4%Revenue growth, 20257
14.2%Return on equity7
1.01×Debt to equity7
$441.8MFree cash flow7

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

Technical Services brought in 31% of the revenue Clean Harbors broke down this way in fiscal 2025.

  1. Technical Services$1.9B731%up 7% from 2024
  2. Industrial Services And Other$1.3B722%down 4% from 2024
  3. Safetly-Kleen Environmental Services$1.3B722%up 11% from 2024
  4. Field and Emergency Response$937.4M716%up 5% from 2024
  5. Safety-Kleen Oil$593.9M710%down 15% from 2024
Products and services by year
Products and services202320242025
Technical Services$1.6B$1.7B$1.9B
Industrial Services And Other$1.4B$1.4B$1.3B
Safetly-Kleen Environmental Services$1.1B$1.2B$1.3B
Field and Emergency Response$609.9M$895.1M$937.4M
Safety-Kleen Oil$714.0M$699.5M$593.9M

Business segments

Reportable Segments brought in 50% of the revenue Clean Harbors broke down this way in fiscal 2025.

  1. Reportable Segments$6.0B750%up 2% from 2024
  2. Environmental Services$5.1B743%up 4% from 2024
  3. Safety-Kleen Sustainability Solutions$837.4M77%down 5% from 2024
Business segments by year
Business segments202320242025
Reportable Segments$5.4B$5.9B$6.0B
Environmental Services$4.5B$5.0B$5.1B
Safety-Kleen Sustainability Solutions$897.3M$884.8M$837.4M

Regions

United States brought in 91% of the revenue Clean Harbors broke down this way in fiscal 2025.

  1. United States$5.5B791%up 3% from 2024
  2. Canada$540.0M79%up 0% from 2024
Regions by year
Regions202320242025
United States$4.9B$5.4B$5.5B
Canada$540.0M$537.5M$540.0M

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Cost of revenue69¢$4.1B
  • Selling, general and admin12¢$752.5M
  • Other costs10¢$605.7M
  • Income tax2¢$137.0M
  • Profit6¢$391.0M

Out of $6.0B in revenue.7

Where each dollar of operating cash went, fiscal 2025

  • Capital spending49¢$424.9M
  • Share buybacks29¢$250.0M
  • Kept or used elsewhere22¢$191.8M

Out of $866.7M of cash from operations.7

Financial statements

Revenue8910117$6.0B in 2025+77% since 2019
0$2.0B$4.0B$6.0B$8.0B2019: $3.4B$3.4B20192020: $3.1B$3.1B2020−8%2021: $3.8B$3.8B2021+21%2022: $5.2B$5.2B2022+36%2023: $5.4B$5.4B2023+5%2024: $5.9B$5.9B2024+9%2025: $6.0B$6.0B2025+2%
Operating income8910117$673.4M in 2025+193% since 2019
0$200.0M$400.0M$600.0M$800.0M2019: $229.5M$229.5M20192020: $251.3M$251.3M2020+10%2021: $347.9M$347.9M2021+38%2022: $634.7M$634.7M2022+82%2023: $612.4M$612.4M2023−4%2024: $670.2M$670.2M2024+9%2025: $673.4M$673.4M2025+0%
Net income8910117$391.0M in 2025+300% since 2019
0$200.0M$400.0M$600.0M2019: $97.7M$97.7M20192020: $134.8M$134.8M2020+38%2021: $203.2M$203.2M2021+51%2022: $411.7M$411.7M2022+103%2023: $377.9M$377.9M2023−8%2024: $402.3M$402.3M2024+6%2025: $391.0M$391.0M2025−3%

Every line of the income statement in the latest annual report, as filed.7

Period ending2025-12-312024-12-312023-12-31
Total revenues$6.0B$5.9B$5.4B
Total cost of revenues$4.1B$4.1B$3.7B
Selling, general and administrative expenses$752.5M$739.6M$671.2M
Accretion of environmental liabilities$14.3M$13.5M$13.7M
Depreciation and amortization$446.0M$400.9M$365.8M
Income from operations$673.4M$670.2M$612.4M
Other income (expense), net$5.2M-$1.5M$2.3M
Loss on early extinguishment of debt-$8.3M-$371.0K-$2.9M
Gain on sale of businesses$776.0K$0$0
Interest expense, net of interest income of $25,749, $19,437 and $11,930, respectively-$143.1M-$135.0M-$108.6M
Income before provision for income taxes$528.0M$533.4M$503.3M
Provision for income taxes$137.0M$131.1M$125.4M
Net income$391.0M$402.3M$377.9M
Basic (in dollars per share)$7.31$7.46$6.99
Diluted (in dollars per share)$7.28$7.42$6.95
Shares used to compute earnings per share Basic (in shares)53.5M shares53.9M shares54.1M shares
Shares used to compute earnings per share Diluted (in shares)53.7M shares54.2M shares54.4M shares
Interest income$25.7M$19.4M$11.9M

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The story

Founded by Alan McKim in 1980.1

Clean Harbors was founded in 1980 in Brockton, Massachusetts, by Alan McKim as a four-person tank cleaning business.

In November 1987, the company became a public company via an initial public offering.

In 1984, the company removed 130,000 gallons of fuel oil from the tanker Eldia, which became the largest ship to have been beached off Cape Cod.

From Wikipedia’s article on Clean Harbors, shared under CC BY-SA 4.0.6

Leadership

Who has led Clean Harbors, and when. Pick a name to see everywhere that person has worked.

Timeline

  1. Mar 26, 1990Went public Listed on NYSE1
  2. 1980Founded Founded1

Recent filings

  1. Oct 5, 20268-K
  2. Sep 18, 20268-K
  3. Aug 18, 20264
  4. Aug 14, 20264/A
  5. Aug 14, 20264/A
  6. Aug 14, 20264/A
  7. Aug 14, 20264/A
  8. Aug 14, 20264/A
  9. Aug 14, 20264/A
  10. Aug 14, 20264/A
  11. Aug 14, 2026144
  12. Aug 12, 20264
  13. Aug 12, 20268-K
  14. Aug 11, 20264
  15. Aug 6, 2026SCHEDULE 13G

Every filing from the last three years, summarized. The full record is on SEC EDGAR.2