Clean Harbors (CLH) AI Stock Analysis

• Market Cap: $12.55B
• Dividend Yield: N/A
• Average Volume (3M): 311.41K
• Price to Earnings (P/E): 32.4
• Beta (1Y): 0.82
• Revenue Growth: 8.52%
• EPS Growth: 4.51%
• Country: US
• Employees: 22,796
• Sector: Industrials
• Sector Strength: 86
• Industry: Waste Management
• EPS (TTM): 1.09
• Shares Outstanding: 53,579,600
• 10 Day Avg. Volume: 402,880
• 30 Day Avg. Volume: 311,412
• PEG Ratio: 0.15
• Price to Book (P/B): 3.22
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 22.16
• Enterprise Value/Market Cap: 0.66
• Enterprise Value/Revenue: 0.36
• Enterprise Value/Gross Profit: 4.81
• Enterprise Value/Ebitda: 1.89
• 1Y Price Target: $259.83
• Price Target Upside: 10.97% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 7

• Rating: 77 Outperform
• Price Target: $257.00 ▲(9.76%Upside)

Clean Harbors shows a strong financial position with effective operational strategies and moderate technical momentum. Despite high valuation and challenges from external factors, the company's robust growth and strategic focus support a positive outlook.

Positive Factors

Market Position

CLH holds a leading market share and possesses attractive assets, high barriers to entry, and a favorable industry structure.

Mergers and Acquisitions

CLH's M&A pipeline is at near record levels with significant capacity to self-fund acquisitions, suggesting potential for growth.

Negative Factors

Base Oil Prices

Declining base oil prices have impacted the realized prices for re-refined products, leading to the lowest quarterly contribution since 2020.

Industrial Services Challenges

Industrial Services remains weak with revenues down 10% as customers defer maintenance, indicating challenges in that segment.

Clean Harbors Business Overview & Revenue Model

Company Description

Clean Harbors, Inc. provides environmental and industrial services in North America. The company operates through two segments, Environmental Services and Safety-Kleen Sustainability Solutions. The Environmental Services segment collects, transports, treats, and disposes hazardous and non-hazardous waste, such as resource recovery, physical treatment, fuel blending, incineration, landfill disposal, wastewater treatment, lab chemicals disposal, and explosives management services; and CleanPack services, including collection, identification, categorization, specialized packaging, transportation, and disposal of laboratory chemicals and household hazardous waste. This segment also provides industrial maintenance and specialty industrial services, and utilizes specialty equipment and resources that performs field services. The Safety-Kleen Sustainability Solutions segment offers specially designed parts washers; automotive and industrial cleaning products, such as antifreeze, windshield washer fluid, degreasers, glass and floor cleaners, hand cleaners, absorbents, mats, and spill kits; pickup and transportation services for hazardous and non-hazardous containerized waste for recycling or disposal; and vacuum services to remove solids, residual oily water and sludge, and other fluids from customers oil/water separators, sumps, and collection tanks, as well as remove and collect waste fluids found at metal fabricators, auto maintenance providers, and general manufacturers. This segment also manufactures, formulates, packages, distributes, and markets lubricants; and provides containerized waste, vacuum services, used motor oil collection, and contract blending and packaging services. Clean Harbors, Inc. was incorporated in 1980 and is headquartered in Norwell, Massachusetts.

How the Company Makes Money

Clean Harbors makes money primarily through its comprehensive suite of environmental and industrial services. Key revenue streams include the collection, treatment, and disposal of hazardous and non-hazardous waste, which are provided to a diverse array of clients across industries such as chemical, energy, and manufacturing. Additionally, Clean Harbors generates revenue through its Safety-Kleen subsidiary by offering parts cleaning services, containerized waste management services, and the sale of re-refined oil products. The company's earnings are supported by long-term contracts and partnerships with government agencies and private sector clients, ensuring a steady flow of income. Clean Harbors also benefits from stringent environmental regulations that drive demand for its specialized waste management and cleanup services.

Clean Harbors Financial Statement Overview

Summary

Clean Harbors displays strong financial performance with solid revenue growth, effective cost management, and robust cash flow management. Despite slightly decreased profitability margins, the company maintains a stable balance sheet with prudent debt management and liquidity.

Income Statement

Clean Harbors exhibits strong revenue growth with a steady increase in total revenue over the years, reaching $5.94 billion TTM. The gross profit margin is solid at 29.0% TTM, indicating effective cost management. The net profit margin of 6.58% TTM, while lower than previous periods, remains healthy. EBIT and EBITDA margins are also strong at 11.04% and 17.24% TTM, respectively. Overall, Clean Harbors shows robust profitability and growth trends.

Balance Sheet

The balance sheet of Clean Harbors is stable, with a moderate debt-to-equity ratio of 0.10 TTM, showing prudent debt management. The equity ratio stands at 35.49% TTM, indicating a strong equity position relative to assets. Return on equity is decent at 15.21% TTM, reflecting efficient use of shareholder funds. However, the company's stockholders' equity growth has been modest, suggesting room for improvement in capital accumulation.

Cash Flow

Cash flow analysis reveals a positive outlook with a solid operating cash flow to net income ratio of 1.94 TTM. The free cash flow to net income ratio is healthy at 0.87 TTM, demonstrating effective cash generation from operations. Free cash flow growth rate is stable, supporting the company's ability to fund capital expenditures and pay down debt. Clean Harbors maintains strong liquidity and cash flow management.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	5.95B	5.89B	5.41B	5.17B	3.81B	3.14B
Gross Profit	1.72B	1.82B	1.66B	1.62B	1.20B	1.01B
EBITDA	1.10B	1.12B	989.57M	1.01B	647.73M	544.05M
Net Income	391.15M	402.30M	377.86M	411.74M	203.25M	134.84M
Balance Sheet
Total Assets	7.25B	7.38B	6.38B	6.13B	5.65B	4.13B
Cash, Cash Equivalents and Short-Term Investments	595.31M	789.83M	550.80M	554.64M	534.30M	570.96M
Total Debt	3.04B	3.04B	2.49B	2.59B	2.70B	1.71B
Total Liabilities	4.68B	4.80B	4.14B	4.21B	4.14B	2.79B
Stockholders Equity	2.57B	2.57B	2.25B	1.92B	1.51B	1.34B
Cash Flow
Free Cash Flow	338.73M	345.53M	309.60M	279.19M	300.29M	232.31M
Operating Cash Flow	760.83M	777.77M	734.55M	626.21M	546.00M	430.60M
Investing Cash Flow	-414.13M	-903.67M	-575.05M	-388.94M	-1.51B	-199.46M
Financing Cash Flow	-188.25M	377.03M	-208.89M	-187.31M	898.25M	-88.95M

Clean Harbors Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 234.15
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For CLH, the sentiment is Positive. The current price of 234.15 is above the 20-day moving average (MA) of 228.13, above the 50-day MA of 225.58, and above the 200-day MA of 229.91, indicating a bullish trend. The MACD of 2.04 indicates Negative momentum. The RSI at 64.28 is Neutral, neither overbought nor oversold. The STOCH value of 75.83 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for CLH.

Clean Harbors Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
CLH	77 Outperform	$12.55B	32.44	16.02%	―	8.52%	4.51%
MLI	77 Outperform	$9.14B	15.06	24.51%	1.20%	18.81%	10.05%
BWXT	75 Outperform	$12.86B	44.76	28.24%	0.71%	9.87%	14.16%
RTO	75 Outperform	$12.14B	30.99	7.44%	3.19%	3.96%	-17.48%
EXPD	73 Outperform	$16.31B	19.77	37.70%	1.29%	24.07%	27.40%
CWST	72 Outperform	$7.20B	517.10	1.00%	―	21.63%	-30.27%
Sector *	61 Neutral	C$6.56B	9.38	3.44%	2.88%	6.99%	-11.09%

Clean Harbors Corporate Events

Clean Harbors 2025 Annual Shareholders Meeting Highlights

Clean Harbors held its 2025 Annual Meeting of Shareholders on May 21, 2025, where a quorum of 49,747,173 shares was present. The meeting included the election of five Class III Board members to serve until 2028, approval of executive compensation, and ratification of Deloitte & Touche LLP as the independent public accounting firm for 2025.

The most recent analyst rating on (CLH) stock is a Buy with a $240.00 price target. To see the full list of analyst forecasts on Clean Harbors stock, see the CLH Stock Forecast page.