Clean Harbors, Inc. (CLH) Key Metrics
CLH valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $16.90B
- Enterprise value
- $19.05B
- P/E (TTM)
- 38.8 10-yr median 31.0
- Forward P/E
- 34.5
- PEG ratio
- 0.27
- Price / sales
- 2.7 10-yr median 1.4
- Price / book
- 5.6 10-yr median 3.4
- EV / EBITDA
- 15.6 10-yr median 11.5
- Dividend yield
- —
- Beta
- 0.88
CLH key metrics, 2016–2025
Fiscal year ended December 31, 2025 · U.S. dollarsCLH valuation Price multiples at each fiscal year-end price.
CLH returns How much profit the business earns on the capital it uses.
CLH per-share figures Results divided by the shares outstanding at year-end.
CLH financial health Debt, liquidity and how easily interest is covered.
CLH efficiency & capital use Working capital cycle and where the cash goes.
CLH valuation history
CLH returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
CLH debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
CLH cash returned to shareholders
CLH price vs earnings per share
CLH key metrics
2016–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $12.52B | $12.47B | $9.49B | $6.22B | $5.46B | $4.24B | $4.81B | $2.78B | $3.10B | $3.20B |
| Enterprise value | $15.01B | $14.72B | $11.43B | $8.26B | $7.63B | $5.38B | $6.12B | $4.07B | $4.37B | $4.72B |
| P/E ratio | 32.0 | 31.0 | 25.1 | 15.1 | 26.9 | 31.4 | 49.2 | 42.4 | 30.8 | — |
| Price / sales | 2.1 | 2.1 | 1.8 | 1.2 | 1.4 | 1.3 | 1.4 | 0.8 | 1.1 | 1.2 |
| Price / book | 4.6 | 4.8 | 4.2 | 3.2 | 3.6 | 3.2 | 3.8 | 2.4 | 2.6 | 3.0 |
| Price / free cash flow | 28.6 | 36.1 | 30.7 | 22.3 | 18.2 | 18.2 | 24.9 | 15.9 | 26.5 | 85.6 |
| Price / operating cash flow | 14.4 | 16.0 | 12.9 | 9.9 | 10.0 | 9.8 | 11.6 | 7.4 | 10.9 | 12.3 |
| EV / sales | 2.5 | 2.5 | 2.1 | 1.6 | 2.0 | 1.7 | 1.8 | 1.2 | 1.5 | 1.7 |
| EV / EBITDA | 13.3 | 13.5 | 11.5 | 8.3 | 11.8 | 9.9 | 11.5 | 8.5 | 10.1 | 12.4 |
| EV / free cash flow | 34.3 | 42.6 | 36.9 | 29.6 | 25.4 | 23.1 | 31.7 | 23.3 | 37.3 | 126.1 |
| Earnings yield | 3.1% | 3.2% | 4.0% | 6.6% | 3.7% | 3.2% | 2.0% | 2.4% | 3.2% | −1.2% |
| Free cash flow yield | 3.5% | 2.8% | 3.3% | 4.5% | 5.5% | 5.5% | 4.0% | 6.3% | 3.8% | 1.2% |
| Dividend yield | — | — | — | — | — | — | — | — | 0.0% | 0.0% |
| Shareholder yield (dividends + buybacks) | 2.0% | 0.4% | 0.5% | 0.8% | 1.0% | 1.8% | 0.4% | 1.6% | 1.6% | 0.7% |
| Share price at fiscal year-end | $234.48 | $230.14 | $174.51 | $114.12 | $99.77 | $76.10 | $85.75 | $49.35 | $54.20 | $55.65 |
| Per share | ||||||||||
| Revenue per share | $112.98 | $108.67 | $99.47 | $94.82 | $69.49 | $56.46 | $60.79 | $58.58 | $51.49 | $47.89 |
| Earnings per share | $7.32 | $7.42 | $6.95 | $7.56 | $3.71 | $2.42 | $1.74 | $1.16 | $1.76 | −$0.69 |
| Operating cash flow per share | $16.24 | $14.35 | $13.51 | $11.49 | $9.97 | $7.73 | $7.36 | $6.62 | $4.99 | $4.51 |
| Free cash flow per share | $8.21 | $6.38 | $5.69 | $5.12 | $5.48 | $4.17 | $3.44 | $3.11 | $2.05 | $0.65 |
| Cash per share | $17.87 | $14.57 | $10.13 | $10.18 | $9.76 | $10.25 | $7.38 | $4.96 | $6.25 | $5.34 |
| Book value per share | $51.43 | $47.48 | $41.33 | $35.28 | $27.65 | $24.09 | $22.62 | $20.76 | $20.77 | $18.85 |
| Tangible book value per share | $11.49 | $7.28 | $6.56 | $1.00 | −$6.54 | $7.68 | $5.80 | $3.79 | $4.21 | $2.09 |
| Dividends per share | — | — | — | — | — | — | — | — | $0.00 | $0.00 |
| Capex per share | $8.03 | $7.98 | $7.81 | $6.37 | $4.49 | $3.56 | $3.92 | $3.51 | $2.95 | $3.86 |
| Debt per share | $64.62 | $56.10 | $45.79 | $47.60 | $49.31 | $30.67 | $30.71 | $27.91 | $28.49 | $31.70 |
| Shares outstanding | 53.4M | 54.2M | 54.4M | 54.5M | 54.8M | 55.7M | 56.1M | 56.3M | 57.2M | 57.5M |
| Change in shares outstanding | −1.5% | −0.3% | −0.2% | −0.5% | −1.7% | −0.8% | −0.4% | −1.5% | −0.6% | −1.5% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 14.7% | 16.7% | 18.1% | 24.0% | 14.2% | 10.3% | 8.0% | 5.6% | 8.9% | −3.7% |
| Return on invested capital (ROIC) | 9.9% | 11.2% | 11.3% | 12.7% | 8.5% | 7.7% | 6.0% | 5.2% | 5.0% | 1.4% |
| Return on assets (ROA) | 5.2% | 5.8% | 6.0% | 7.0% | 4.2% | 3.3% | 2.5% | 1.8% | 2.7% | −1.1% |
| Return on tangible assets | 7.1% | 7.7% | 8.4% | 9.7% | 5.4% | 4.2% | 3.1% | 2.4% | 3.7% | −1.5% |
| Free cash flow margin | 7.3% | 5.9% | 5.7% | 5.4% | 7.9% | 7.4% | 5.7% | 5.3% | 4.0% | 1.4% |
| Income quality (OCF / net income) | 2.22 | 1.93 | 1.94 | 1.52 | 2.69 | 3.19 | 4.23 | 5.69 | 2.84 | — |
| Financial health | ||||||||||
| Total debt | $3.45B | $3.04B | $2.49B | $2.59B | $2.70B | $1.71B | $1.72B | $1.57B | $1.63B | $1.82B |
| Cash & short-term investments | $953.7M | $789.8M | $550.8M | $554.6M | $534.3M | $571.0M | $414.4M | $279.4M | $357.6M | $307.0M |
| Net debt | $2.50B | $2.25B | $1.94B | $2.04B | $2.17B | $1.14B | $1.31B | $1.29B | $1.27B | $1.52B |
| Debt / equity | 1.26 | 1.18 | 1.11 | 1.35 | 1.78 | 1.27 | 1.36 | 1.34 | 1.37 | 1.68 |
| Debt / assets | 0.45 | 0.41 | 0.39 | 0.42 | 0.48 | 0.41 | 0.42 | 0.42 | 0.44 | 0.50 |
| Net debt / EBITDA | 2.20 | 2.07 | 1.96 | 2.04 | 3.34 | 2.09 | 2.46 | 2.71 | 2.93 | 3.99 |
| Current ratio | 2.33 | 2.21 | 1.98 | 1.99 | 1.88 | 2.40 | 1.95 | 2.00 | 2.29 | 2.17 |
| Quick ratio | 2.00 | 1.86 | 1.66 | 1.68 | 1.61 | 2.05 | 1.65 | 1.66 | 1.94 | 1.81 |
| Interest coverage | 4.0 | 4.3 | 5.1 | 5.7 | 4.4 | 3.3 | 2.8 | 2.2 | 1.5 | 0.8 |
| Working capital | $1.51B | $1.33B | $1.01B | $1.01B | $815.9M | $889.6M | $680.8M | $599.9M | $650.2M | $588.2M |
| Invested capital | $5.24B | $4.82B | $4.19B | $3.96B | $3.68B | $2.48B | $2.58B | $2.46B | $2.46B | $2.60B |
| Tangible asset value | $613.6M | $394.3M | $357.0M | $54.7M | −$358.1M | $427.9M | $325.7M | $213.7M | $240.6M | $120.4M |
| Net current asset value | −$2.23B | −$2.37B | −$2.08B | −$2.17B | −$2.40B | −$1.26B | −$1.44B | −$1.37B | −$1.36B | −$1.50B |
| Graham number | $92.06 | $89.05 | $80.38 | $77.45 | $48.05 | $36.23 | $29.77 | $23.33 | $28.69 | — |
| Graham net-net per share | −$53.11 | −$54.22 | −$47.86 | −$49.31 | −$51.39 | −$28.88 | −$31.92 | −$30.05 | −$28.83 | −$31.32 |
| Capital allocation | ||||||||||
| Dividends paid | — | — | — | — | — | — | — | — | $0 | $0 |
| Share buybacks (net) | $250.0M | $55.2M | $51.2M | $50.2M | $54.4M | $74.8M | $21.4M | $45.1M | $49.0M | $22.2M |
| Dividend payout ratio | — | — | — | — | — | — | — | — | 0.0% | — |
| Dividends + buybacks / free cash flow | 57.1% | 16.0% | 16.5% | 18.0% | 18.1% | 32.2% | 11.1% | 25.7% | 41.8% | 59.3% |
| Capex / revenue | 7.1% | 7.3% | 7.9% | 6.7% | 6.5% | 6.3% | 6.5% | 6.0% | 5.7% | 8.1% |
| Capex / operating cash flow | 49.4% | 55.6% | 57.9% | 55.4% | 45.0% | 46.0% | 53.3% | 53.1% | 59.0% | 85.6% |
| Capex / depreciation | 0.96 | 1.08 | 1.16 | 1.00 | 0.82 | 0.68 | 0.73 | 0.66 | 0.58 | 0.77 |
| Stock-based compensation / revenue | 0.5% | 0.5% | 0.4% | 0.5% | 0.5% | 0.6% | 0.5% | 0.5% | 0.4% | 0.4% |
| SG&A / revenue | 12.5% | 12.6% | 12.4% | 12.1% | 14.1% | 14.3% | 14.2% | 15.3% | 15.5% | 15.3% |
| Efficiency | ||||||||||
| Days sales outstanding | 72.1 | 70.3 | 73.0 | 69.2 | 74.6 | 79.4 | 72.9 | 67.8 | 68.0 | 69.8 |
| Days of inventory on hand | 32.5 | 32.0 | 31.8 | 29.6 | 32.9 | 37.2 | 31.7 | 29.7 | 31.4 | 31.0 |
| Days payables outstanding | 42.7 | 42.2 | 43.8 | 41.5 | 38.9 | 42.2 | 43.9 | 39.6 | 40.1 | 44.4 |
| Cash conversion cycle (days) | 61.9 | 60.1 | 61.0 | 57.3 | 68.7 | 74.4 | 60.6 | 57.9 | 59.2 | 56.4 |
| Receivables turnover | 5.06 | 5.19 | 5.00 | 5.27 | 4.89 | 4.60 | 5.01 | 5.38 | 5.37 | 5.23 |
| Payables turnover | 8.55 | 8.66 | 8.34 | 8.79 | 9.39 | 8.65 | 8.31 | 9.21 | 9.09 | 8.21 |
| Inventory turnover | 11.24 | 11.42 | 11.48 | 12.31 | 11.08 | 9.82 | 11.53 | 12.28 | 11.64 | 11.79 |
| Asset turnover | 0.80 | 0.86 | 0.86 | 0.88 | 0.78 | 0.76 | 0.87 | 0.89 | 0.80 | 0.77 |
| Average receivables | $1.19B | $1.13B | $1.08B | $979.7M | $777.5M | $684.1M | $681.4M | $613.3M | $548.6M | $527.2M |
| Average payables | $496.9M | $469.5M | $449.2M | $403.2M | $277.9M | $247.1M | $287.4M | $250.3M | $226.9M | $235.4M |
| Average inventory | $378.4M | $356.1M | $326.3M | $287.8M | $235.6M | $217.6M | $207.1M | $187.7M | $177.2M | $164.0M |
| Intangibles / total assets | 28.0% | 29.5% | 29.6% | 30.5% | 33.1% | 22.1% | 23.0% | 25.6% | 25.6% | 26.2% |
Computed from CLH's annual financial statements (latest annual report filed February 18, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
CLH valuation and financial ratios
At the end of fiscal 2025 (December 31, 2025), Clean Harbors traded at 32.0 times earnings, against a 10-year median of 31.0. Based on the latest twelve months, the trailing P/E is 38.8 and the forward P/E is 34.5. Clean Harbors earned a return on equity of 14.7% and a return on invested capital of 9.9% in fiscal 2025. It ended the year with $3.4 billion of debt and $953.7 million in cash and short-term investments, net debt of $2.5 billion. It returned $250.0 million to shareholders: $0 in dividends and $250.0 million in share buybacks, 57% of free cash flow. The share count fell 7.2% from 57.5M to 53.4M over 9 years.
See the CLH income statement, the CLH chart for price history, or the CLH stock overview for the latest quote and news.
CLH key metrics FAQ
What is Clean Harbors's P/E ratio?
Clean Harbors's trailing P/E ratio is 38.8 based on the last twelve months of earnings (as of October 18, 2026), and its forward P/E is 34.5. At the end of fiscal 2025 it was 32.0, compared with a 10-year median of 31.0.
What is Clean Harbors's EV/EBITDA?
Clean Harbors's enterprise value was 13.3 times EBITDA at the end of fiscal 2025 (enterprise value $15.0 billion, EBITDA $1.1 billion); the current EV/EBITDA is 15.6.
What is Clean Harbors's return on equity?
Clean Harbors's return on equity (ROE) was 14.7% in fiscal 2025: net income of $391.0 million on average shareholders' equity of $2.7 billion.
What is Clean Harbors's ROIC?
Clean Harbors's return on invested capital was 9.9% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Clean Harbors have?
Clean Harbors had total debt of $3.4 billion at the end of fiscal 2025, a debt-to-equity ratio of 1.26 and $2.5 billion of net debt (2.20 times EBITDA).
Does Clean Harbors buy back its shares?
Yes. Clean Harbors spent $250.0 million on net share repurchases in fiscal 2025 Shares outstanding changed −1.5% over the year, to 53.4M..
What is Clean Harbors's free cash flow yield?
Clean Harbors generated $438.2 million of free cash flow in fiscal 2025, a free cash flow yield of 3.5% on its market value at year-end ($12.5 billion).
What is Clean Harbors's current ratio?
Clean Harbors's current ratio was 2.33 at the end of fiscal 2025: current assets were 2.33 times current liabilities.