GFL on NYSE

GFL Environmental Inc.

Canadian refuse systems company, incorporated in Ontario, listed on NYSE (GFL).

Price unavailable

Last updated Oct 18, 2026.

Overview

3.8BNet income, fiscal 2025²

Compare with another stock.

TickerGFL on NYSE
IndustryRefuse Systems
HeadquartersA6
Incorporated inOntario, Canada³
Business address1759 Purdy Avenue, 3Rd Floor, Miami, Fl 33139³
Filer categoryNon-accelerated filer³

See how the biggest companies compare on our leaderboards

Financials

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

Key numbers, fiscal 2025

50.9%Return on equity²

0.99×Debt to equity²

Financial statements

Net income⁴⁵⁶⁷²$3.8B in 2025

Every line of the income statement as filed: the last 2 fiscal years, latest first.²

Period ending	2025-12-31	2024-12-31
Revenue	6.6B CAD	6.1B CAD
Cost of sales	5.2B CAD	5.0B CAD
Selling, general and administrative expenses	967.4M CAD	864.5M CAD
Interest and other finance costs	595.2M CAD	665.8M CAD
Gain on sale of property and equipment	-91.1M CAD	-2.7M CAD
(Gain) loss on foreign exchange	-256.9M CAD	291.2M CAD
Loss on divestitures	8.6M CAD	481.8M CAD
Change in value on Call Option	60.0M CAD	0 CAD
Other	-181.8M CAD	-29.7M CAD
Total expenses	6.3B CAD	7.3B CAD
Share of net (loss) income of investments accounted for using the equity method	-39.0M CAD	18.2M CAD
Income (loss) before income taxes	226.9M CAD	-1.1B CAD
Current income tax recovery	-700.0K CAD	-16.4M CAD
Deferred tax recovery	-13.5M CAD	-210.0M CAD
Income tax recovery	-14.2M CAD	-226.4M CAD
Net income (loss) from continuing operations	241.1M CAD	-897.5M CAD
Net income from discontinued operations	3.6B CAD	159.8M CAD
Net income (loss)	3.8B CAD	-737.7M CAD
Less: Net loss attributable to non-controlling interests	-20.7M CAD	-15.0M CAD
Net income (loss) attributable to GFL Environmental Inc.	3.8B CAD	-722.7M CAD
Currency translation adjustment	-484.2M CAD	544.1M CAD
Reclassification to net income (loss) of fair value movements on cash flow hedges, net of tax	9.1M CAD	-4.3M CAD
Fair value movements on cash flow hedges, net of tax	36.0M CAD	-44.8M CAD
Share of other comprehensive income (loss) of investments accounted for using the equity method	2.3M CAD	-1.2M CAD
Reclassification to net income (loss) of foreign currency differences on divestitures	-800.0K CAD	-26.5M CAD
Other comprehensive (loss) income	-437.6M CAD	467.3M CAD
Comprehensive loss from continuing operations	-196.5M CAD	-430.2M CAD
Comprehensive income from discontinued operations	3.4B CAD	159.8M CAD
Total comprehensive income (loss)	3.2B CAD	-270.4M CAD
Less: Total comprehensive (loss) income attributable to non-controlling interests	-31.4M CAD	4.8M CAD
Total comprehensive income (loss) attributable to GFL Environmental Inc.	3.2B CAD	-275.2M CAD
Continuing operations	0.57 CAD	-2.53 CAD
Discontinued operations	9.67 CAD	0.42 CAD
Total operations	10.24 CAD	-2.11 CAD
Continuing operations	0.56 CAD	-2.53 CAD
Discontinued operations	9.43 CAD	0.42 CAD
Total operations	9.99 CAD	-2.11 CAD

Total assets⁴⁸⁵⁶⁷²$19.3B in 2025+57% since 2019

Total liabilities⁴⁸⁵⁶⁷²$11.8B in 2025+24% since 2019

Shareholders’ equity⁵⁶⁷²$7.5B in 2025+34% since 2020

Cash⁴⁸⁵⁶⁷²$85.6M in 2025+1057% since 2018

Long-term debt⁵⁶⁷²$7.4B in 2025−7% since 2021

Every line of the balance sheet as filed: the last 3 fiscal years (annual) or 3 quarters (quarterly), latest first.²

Period ending	2025-12-31	2024-12-31	2023-12-31
Cash	85.6M CAD	133.8M CAD	135.7M CAD
Trade and other receivables, net	802.0M CAD	1.2B CAD
Income taxes recoverable	96.0M CAD	86.0M CAD
Prepaid expenses and other assets	180.6M CAD	300.7M CAD
Current assets	1.2B CAD	1.7B CAD
Property and equipment, net	7.3B CAD	7.9B CAD
Intangible assets, net	1.8B CAD	2.8B CAD
Investments accounted for using the equity method	1.9B CAD	344.4M CAD
Other long-term assets	256.8M CAD	207.4M CAD
Deferred income tax assets	0 CAD	209.3M CAD
Goodwill	6.9B CAD	8.1B CAD
Non-current assets	18.1B CAD	19.5B CAD
Total assets	19.3B CAD	21.2B CAD
Accounts payable and accrued liabilities	1.9B CAD	1.9B CAD
Income taxes payable	5.7M CAD	0 CAD
Long-term debt	0 CAD	1.1B CAD
Lease obligations	59.9M CAD	69.4M CAD
Due to related party	0 CAD	2.9M CAD
Landfill closure and post-closure obligations	44.0M CAD	51.7M CAD
Current liabilities	2.0B CAD	3.2B CAD
Long-term debt	7.4B CAD	8.9B CAD
Lease obligations	450.6M CAD	477.2M CAD
Other long-term liabilities	34.5M CAD	41.6M CAD
Deferred income tax liabilities	777.7M CAD	464.5M CAD
Landfill closure and post-closure obligations	1.1B CAD	998.7M CAD
Non-current liabilities	9.8B CAD	10.8B CAD
Total liabilities	11.8B CAD	14.0B CAD
Share capital	7.0B CAD	9.9B CAD
Contributed surplus	205.7M CAD	151.3M CAD
Retained earnings (deficit)	229.5M CAD	-3.6B CAD
Accumulated other comprehensive (loss) income	-140.8M CAD	462.6M CAD
Total GFL Environmental Inc.'s shareholders' equity	7.3B CAD	7.0B CAD
Non-controlling interests	182.6M CAD	243.3M CAD
Total shareholders' equity	7.5B CAD	7.2B CAD	7.4B CAD
Total liabilities and shareholders' equity	19.3B CAD	21.2B CAD

Period ending	2025-12-31	2024-12-31	2023-12-31
Cash	85.6M CAD	133.8M CAD	135.7M CAD
Trade and other receivables, net	802.0M CAD	1.2B CAD
Income taxes recoverable	96.0M CAD	86.0M CAD
Prepaid expenses and other assets	180.6M CAD	300.7M CAD
Current assets	1.2B CAD	1.7B CAD
Property and equipment, net	7.3B CAD	7.9B CAD
Intangible assets, net	1.8B CAD	2.8B CAD
Investments accounted for using the equity method	1.9B CAD	344.4M CAD
Other long-term assets	256.8M CAD	207.4M CAD
Deferred income tax assets	0 CAD	209.3M CAD
Goodwill	6.9B CAD	8.1B CAD
Non-current assets	18.1B CAD	19.5B CAD
Total assets	19.3B CAD	21.2B CAD
Accounts payable and accrued liabilities	1.9B CAD	1.9B CAD
Income taxes payable	5.7M CAD	0 CAD
Long-term debt	0 CAD	1.1B CAD
Lease obligations	59.9M CAD	69.4M CAD
Due to related party	0 CAD	2.9M CAD
Landfill closure and post-closure obligations	44.0M CAD	51.7M CAD
Current liabilities	2.0B CAD	3.2B CAD
Long-term debt	7.4B CAD	8.9B CAD
Lease obligations	450.6M CAD	477.2M CAD
Other long-term liabilities	34.5M CAD	41.6M CAD
Deferred income tax liabilities	777.7M CAD	464.5M CAD
Landfill closure and post-closure obligations	1.1B CAD	998.7M CAD
Non-current liabilities	9.8B CAD	10.8B CAD
Total liabilities	11.8B CAD	14.0B CAD
Share capital	7.0B CAD	9.9B CAD
Contributed surplus	205.7M CAD	151.3M CAD
Retained earnings (deficit)	229.5M CAD	-3.6B CAD
Accumulated other comprehensive (loss) income	-140.8M CAD	462.6M CAD
Total GFL Environmental Inc.'s shareholders' equity	7.3B CAD	7.0B CAD
Non-controlling interests	182.6M CAD	243.3M CAD
Total shareholders' equity	7.5B CAD	7.2B CAD	7.4B CAD
Total liabilities and shareholders' equity	19.3B CAD	21.2B CAD

Cash from operations⁴⁸⁵⁶⁷²$1.3B in 2025+424% since 2019

Dividends paid⁵⁶⁷²$31.1M in 2025+74% since 2021

Share buybacks²$3.0B in 2025

Every line of the cash flow as filed: the last 2 fiscal years, latest first.²

Period ending	2025-12-31	2024-12-31
Net income (loss)	3.8B CAD	-737.7M CAD
Depreciation of property and equipment	1.1B CAD	1.1B CAD
Amortization of intangible assets	262.2M CAD	441.1M CAD
Share of net loss (income) of investments accounted for using the equity method	39.0M CAD	-18.2M CAD
Loss (gain) on divestitures	-4.4B CAD	481.8M CAD
Other	-181.8M CAD	-27.0M CAD
Interest and other finance costs	596.8M CAD	674.9M CAD
Share-based payments	151.5M CAD	104.7M CAD
(Gain) loss on unrealized foreign exchange	-257.1M CAD	292.3M CAD
Gain on sale of property and equipment	-89.9M CAD	-2.2M CAD
Change in value on Call Option	60.0M CAD	0 CAD
Current income tax expense	28.6M CAD	25.4M CAD
Deferred tax recovery	778.9M CAD	-232.5M CAD
Interest paid in cash	-449.2M CAD	-490.4M CAD
Income taxes paid in cash, net	-34.3M CAD	-43.8M CAD
Changes in non-cash working capital items	-57.8M CAD	-17.9M CAD
Landfill closure and post-closure expenditures	-45.4M CAD	-37.0M CAD
Cash flows from (used in) operating activities	1.3B CAD	1.5B CAD
Purchase of property and equipment	-1.1B CAD	-1.2B CAD
Proceeds from disposal of assets and other	58.4M CAD	61.3M CAD
Proceeds from divestitures	5.8B CAD	86.0M CAD
Business acquisitions and investments, net of cash acquired	-983.2M CAD	-649.5M CAD
Distribution received from associates and joint ventures	212.9M CAD	10.8M CAD
Cash flows from (used in) investing activities	4.0B CAD	-1.7B CAD
Repayment of lease obligations	-115.0M CAD	-103.8M CAD
Issuance of long-term debt	2.6B CAD	3.2B CAD
Repayment of long-term debt	-4.8B CAD	-2.9B CAD
Proceeds from termination of hedged arrangements	28.0M CAD	0 CAD
Payment for termination of hedged arrangements	-2.2M CAD	-7.5M CAD
Payment of contingent purchase consideration and holdbacks	-5.3M CAD	-30.0M CAD
Repurchase of subordinate voting shares	-3.0B CAD	0 CAD
Dividends issued and paid	-31.1M CAD	-28.2M CAD
Payment of financing costs	-5.9M CAD	-25.1M CAD
Repayment of loan to related party	-2.9M CAD	-5.8M CAD
Distribution to non-controlling interest	-56.4M CAD	0 CAD
Contribution from non-controlling interests	27.1M CAD	29.4M CAD
Cash flows from (used in) financing activities	-5.3B CAD	163.2M CAD
(Decrease) increase in cash	-42.3M CAD	19.0M CAD
Changes due to foreign exchange revaluation of cash	-5.9M CAD	-20.9M CAD

Compare GFL Environmental Inc. with another company

Former names

GFL Environmental Holdings Inc.Jul 19, 2019 to Mar 4, 2020³

Filings

227 filings to the SEC since October 2021: 5 annual reports, 34 large holders, 188 other. The latest 20:

Oct 8, 20266-K EDGAR
Oct 1, 20266-K EDGAR
Sep 29, 20266-K EDGAR
Sep 24, 20266-K EDGAR
Sep 1, 20266-K EDGAR
Aug 6, 2026SCHEDULE 13G/A EDGAR
Jul 31, 20266-K EDGAR
Jul 29, 20266-K EDGAR
Jul 2, 20266-K EDGAR
Jun 30, 20266-K EDGAR
Jun 25, 20266-K EDGAR
Jun 25, 20266-K EDGAR
Jun 23, 20266-K EDGAR
Jun 22, 20266-K EDGAR
May 14, 2026SCHEDULE 13G/A EDGAR
May 13, 20266-K EDGAR
May 5, 20266-K/A EDGAR
May 1, 20266-K EDGAR
Apr 29, 20266-K EDGAR
Apr 23, 20266-K EDGAR

The 227 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

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

Insider trades and holders

Large holders

Investors who own more than 5% must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively. 34 such filings since October 2021, the latest 10:

From Forms 4 and Schedules 13D and 13G filed with the SEC.

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.

Fund	Shares	Value	Share of the fund	Change
BC Partners PE LP	29,912,724	$965.1M	21.8%	No change
Fmr LLC	22,638,505	$832.5M	0.0%	−2,824,366
Ontario Teachers Pension Plan Board	22,450,784	$824.7M	5.3%	No change
Capital Research Global Investors	21,919,416	$806.4M	0.1%	−1,232,564
Massachusetts Financial Services Co /ma/	10,865,869	$422.8M	0.1%	−80,261
Nordea Investment Management Ab	10,483,301	$380.1M	0.3%	+2,218,333
Maverick Capital Ltd	10,202,931	$375.3M	3.4%	+6,353,275
Royal Bank Of Canada	9,112,951	$335.3M	0.1%	+751,100
BlackRock, Inc.	8,102,045	$298.1M	0.0%	+5,511,143
FIL Ltd	7,740,731	$284.6M	0.2%	+7,641,177
CIBC Asset Management Inc	7,494,244	$275.6M	0.6%	+1,360,128
Vanguard Capital Management LLC	7,261,873	$267.0M	0.0%	−80,160
Pictet Asset Management Holding SA	6,672,900	$245.5M	0.2%	+519,256
Fred Alger Management, LLC	5,430,363	$199.8M	0.7%	−587,164
Deutsche Bank Ag\	4,471,291	$164.5M	0.0%	+745,434
Mackenzie Financial Corp	2,927,135	$152.7M	0.2%	+1,514,200
Geode Capital Management, LLC	3,932,615	$144.3M	0.0%	+1,647,842
Norges Bank	3,363,782	$123.7M	0.0%	New
Mitsubishi UFJ Trust & Banking Corp	3,063,707	$112.5M	0.2%	New
Wellington Management Group Llp	2,583,995	$95.1M	0.0%	−77,102
Caisse de depot et placement du Quebec	2,474,974	$91.0M	0.1%	+1,362,406
Vanguard Fiduciary Trust Co	2,332,285	$85.8M	0.0%	−773
Millennium Management LLC	2,329,006	$85.7M	0.1%	−2,205,015
State Street Corp	2,243,683	$82.5M	0.0%	+2,229,983
Morgan Stanley	2,197,468	$80.8M	0.0%	−570,658

13F reports cover disclosed long positions in U.S. stocks only.

Members of Congress who traded it

1 trades disclosed by members of Congress. “Vs S&P since” is the stock’s change since the trade minus the S&P 500’s.

Date	Member	Trade	Amount	Vs S&P since	Filing
Nov 30, 2022	Susie LeeDemocratic, House	Sale	$1,001 - $15,000	+39.0%	Report

Members report amounts as ranges, not exact figures. Returns are price-only (no dividends).

Sources

The numbers on this page point here. Each one links to the record it came from.

1
SEC EDGARGFL Environmental Inc. filings on SEC EDGAR
2
SEC EDGARGFL Environmental Inc. 10-K for fiscal 2025
3
SEC EDGARGFL Environmental Inc. filings on SEC EDGAR
4
SEC EDGARGFL Environmental Inc. 10-K for fiscal 2019
5
SEC EDGARGFL Environmental Inc. 10-K for fiscal 2021
6
SEC EDGARGFL Environmental Inc. 10-K for fiscal 2022
7
SEC EDGARGFL Environmental Inc. 10-K for fiscal 2023
8
SEC EDGARGFL Environmental Inc. 10-K for fiscal 2020