WinstonWınston
GFL Environmental logo

GFL Environmental

GFL
26
Waste Management · Industrials
Exchange
New York Stock Exchange
Winston Score
26
Winston is worried
Below-average fundamentals — multiple weak pillars.
Data as of Aug 9, 2026 · filings through Jun 30, 2026

GFL Environmental is a waste management company based in Canada. It collects garbage, recycling, and organic waste from homes, businesses, and industrial sites, then hauls that material to landfills, transfer stations, and processing facilities it owns. GFL is one of the four largest solid waste companies in North America.

GFL makes money by charging customers regular fees to pick up and dispose of their waste — a model that generates steady, recurring revenue. The company operates across Canada and the United States, with hundreds of collection routes and disposal sites. Its competitive advantage comes from owning the infrastructure — trucks, landfills, and facilities — that makes it hard for new competitors to enter local markets. GFL has been growing quickly through acquisitions, but it also carries a heavy debt load from those deals, which is the main financial risk investors watch closely. Reducing that debt while maintaining growth is the central challenge the company faces going forward.

Winston Score History

Growth Profile

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

+16.3% YoY

YoY Growth Rate

Steady revenue growth

EPS Growth

-161.1% YoY

YoY Growth Rate

Earnings declining

Insider Activity

21.1%ownership

Insiders own a meaningful stake in the company

Cash Position

Cash flow positive

$2.0B cash & investments

Quarterly Free Cash Flow

↓ Burn rate worsening

Company generates more cash than it spends — no dilution risk from fundraising

Growth + cash flow

GFL Environmental is a rare growth stock that's already generating positive cash flow while growing at 16%. The Winston Score doesn't fully credit this transition from "burner" to "earner."

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

Each metric is explained in plain language so you know exactly what you're looking at. Start your free trial now.

Quality

Gross Margin
19.8%
Thin — 19.8% gross margin
Operating Margin
5.6%
Thin — 5.6% operating margin
ROCE
0.6%
Weak — 0.6% return on capital

ROIC between 0% and 5%. They earn a few cents back per dollar invested in the business.

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Growth

Sales YoY
+2.9%
Nearly flat sales (+2.9% YoY)
EPS YoY
-107.7%
Earnings shrinking (-107.7% YoY)

Earnings per share down more than 10%. Either a bad year, or a real decline.

EPS Consistency
5/8 quarters
Mixed — about half the quarters showed growth

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Cash Flow

Cash Conversion
N/A
Data not available
FCF Margin
2.8%
Thin free cash flow (2.8%)

FCF margin between 0% and 10%. Some cash from sales, but not a lot.

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Stability

Debt / Equity
1.31
Elevated debt (1.31)
Interest Cover
0.64x
Dangerous — barely covers interest (0.6x)

Interest coverage below 1. Their profits don't cover the interest bill.

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Valuation

P/E Ratio (TTM)
N/M
no trend
Negative earnings — P/E not meaningful
P/E vs Forward
N/A
not available
Data not available

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Dividends

Dividend Yield
0.16%
no trend
Small dividend — 0.16% yield

Modest yield. The bulk of any return needs to come from price appreciation.

Dividend Growth
+9.9%
no trend
Dividend growing modestly (9.9% YoY)

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free
🔒 See full fundamentals and if they are improving or declining — click here for your free trial now.
Start free trial