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GFL Environmental ( (TSE:GFL) ) has provided an update.
On February 11, 2026, GFL Environmental reported that its fourth quarter and full year 2025 revenue, Adjusted EBITDA and Adjusted Free Cash Flow all exceeded expectations, with Q4 Adjusted EBITDA margin reaching a record 30.2% and full-year margin hitting 30% for the first time. For 2025, revenue rose to $6.62 billion, Adjusted EBITDA increased 12.8% to $1.99 billion, Adjusted Free Cash Flow grew 23.6% to $755.9 million, net income from continuing operations swung to $241.1 million from a loss a year earlier, net leverage fell to 3.4x, and the company deployed proceeds from divestitures into nearly $1 billion of acquisitions and $3.0 billion of share buybacks, while issuing 2026 guidance that targets further high-single-digit revenue growth, 10% Adjusted EBITDA growth, higher margins and stronger free cash flow, underscoring expectations of continued industry-leading performance and balance sheet strengthening.
GFL’s 2026 outlook calls for about $7.0 billion of revenue, a roughly 30.6% Adjusted EBITDA margin and $835 million of Adjusted Free Cash Flow, supported by core pricing, modest volume gains and M&A contributions but tempered by currency headwinds. The company plans approximately $800 million of net capex plus additional growth capital for recycling and infrastructure tied to extended producer responsibility opportunities, while aiming to keep net leverage in the low-3x range, signaling an ongoing focus on disciplined growth, infrastructure investment and shareholder returns without assuming further acquisitions or refinancing benefits in its guidance.
The most recent analyst rating on (TSE:GFL) stock is a Buy with a C$86.00 price target. To see the full list of analyst forecasts on GFL Environmental stock, see the TSE:GFL Stock Forecast page.
Spark’s Take on TSE:GFL Stock
According to Spark, TipRanks’ AI Analyst, TSE:GFL is a Neutral.
GFL Environmental’s overall stock score is driven by strong earnings call performance and positive corporate events, which are offset by financial challenges and weak technical indicators. The company’s strategic focus on growth and capital returns is promising, but high leverage and valuation concerns pose risks.
To see Spark’s full report on TSE:GFL stock, click here.
More about GFL Environmental
GFL Environmental Inc. is a North American environmental services company providing non-hazardous solid waste management, recycling and related infrastructure services across Canada and the U.S. Listed on the NYSE and TSX, it focuses on scalable, network-based operations and return-focused capital allocation, including acquisitions and share repurchases to strengthen its market position.
Average Trading Volume: 356,383
Technical Sentiment Signal: Sell
Current Market Cap: C$20.97B
Learn more about GFL stock on TipRanks’ Stock Analysis page.