Clean Harbors, Inc. CLH
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Full analysis: 30 Jul 2026
Latest news check: 7 Jun 2026
General analysis — not personal advice.
BUY
8/10
Confidence
A full position may be justified at current valuation given the growth outlook.
Strong operational performance, raised guidance and new contracts support the add signal despite proximity to the yearly high.
Market sentiment
8/10
↑
Trend: Improving
The market reacts positively to the strong report, raised guidance and new contracts. Focus centers on margin development and growth initiatives.
Price context
The stock trades near its 52-week high after +31.5 % over twelve months, reflecting strong momentum yet implying that much of the positive development is already priced in.
Risk assessment
3/10
Dilution:
Low
Strong cash flow and buyback program
Jurisdiction:
Low
Operations in USA and Canada
Execution:
Low
Proven track record of profitable growth
About the company
Clean Harbors is North America's leading provider of environmental services focused on hazardous waste handling, industrial remediation and used oil recycling through Safety-Kleen. The company operates the largest network of incineration facilities in the region and offers PFAS treatment and emergency response services.
Sector:
Environmental services and waste management
Type:
Industrial
Next report
29 Oct 2026
Q3
Catalysts
Q4 2026
Q3 report
High
Q4 2026
ES&H integration
Medium
Horizon:
Bull case
Strong Q2 report with record margins and raised full-year guidance provides momentum into upcoming quarters.
Bear case
Elevated debt and cyclical industrial exposure may limit growth during macroeconomic slowdowns.
Sensitivity analysis
| Factor | If it weakens | If it strengthens |
|---|---|---|
| PFAS regulations | Weaker regulation → lower demand for remediation services and slower volume growth. | Stricter regulation → higher demand for destruction services and accelerated growth. |
| Base oil prices | Lower prices → margin pressure in the Safety-Kleen segment and reduced profitability. | Higher prices → improved margins and stronger contribution to group earnings. |
We monitor these factors. Follow the company to get email when any of them hit.
Signal rationale (informational)
Strong operational performance, raised guidance and new contracts support the add signal despite proximity to the yearly high.
Recent news
- The Q2 report on 29 July 2026 showed record revenue of 1.74 billion USD and raised EBITDA guidance. The company simultaneously announced a 600 MUSD contract and the ES&H acquisition for 305 MUSD.
Key figures
Revenue
Q2 2026
USD 1.7B
Revenue TTM
TTM
USD 6.1B
EBITDA
Q2 2026
USD 409M
Net income
Q2 2026
USD 171M
Cash
Q2 2026
USD 517M
Total debt
Q2 2026
USD 2.7B
Gross margin
Q1 2026
30.5%
Shares outstanding
Q2 2026
52.9M
EPS
Q2 2026
USD 3.22
Price & valuation
Last close
USD 310
Market Cap
USD 16.4B
1 week
+0.2 %
3 months
+2.3 %
12 months
+26.5 %
From 52w high
-5.0 %
From 52w low
+53.7 %
Exchange
NYSE
Type
Industrials
Sector
Environmental services and waste management
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Firelda provides general information and analysis, not personal investment advice. Content does not consider your financial situation or goals. Investments can rise and fall in value. Always do your own research.