GFL Reports Q4 Revenue of $1.69B, Exceeding Expectations
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Feb 11 2026
0mins
Should l Buy GFL?
Reports Q4 revenue $1.69B, consensus $1.67B. "Our more than 15,000 employees delivered another year of results that exceeded our expectations," said Patrick Dovigi, Founder and Chief Executive Officer of GFL. "The continued strong execution of our value creation strategies drove full year top-line growth of 9.5%3, Adjusted EBITDA margin1 of 30%, the highest in our history, and industry-leading Adjusted EBITDA margin1 expansion of 130 basis points over the prior year2. To achieve such a result in the face of ongoing macro headwinds reinforces our conviction in our stated goal of achieving low-to-mid 30s margins by 2028."
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Analyst Views on GFL
Wall Street analysts forecast GFL stock price to rise
15 Analyst Rating
11 Buy
4 Hold
0 Sell
Moderate Buy
Current: 45.210
Low
34.03
Averages
55.30
High
64.06
Current: 45.210
Low
34.03
Averages
55.30
High
64.06
About GFL
GFL Environmental Inc. is a Canada-based diversified environmental services company. The Company is engaged in offering solid waste management, liquid waste management, and soil remediation services, including collection, transportation, transfer, recycling and disposal services. Its facilities type consists of convenience sites, landfills, material recovery facilities, organic processing, soil remediation sites and transfer stations. It has operations across Canada and the United States. The Company offers its services to municipal, residential, and commercial and industrial customers.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
GFL Environmental Extends Share Buyback Program
- Buyback Program Renewal: GFL Environmental has received approval from the Toronto Stock Exchange to extend its normal course issuer bid until March 2, 2027, allowing for the repurchase of up to 27.4 million shares, which represents 10% of its public float as of February 18, 2026.
- Share Repurchase Volume: As of February 18, 2026, GFL had 346.58 million subordinate voting shares outstanding, and the implementation of this buyback program is expected to enhance earnings per share and increase shareholder value.
- Exemptive Relief Secured: GFL has obtained exemptive relief from the Ontario Securities Commission, permitting the repurchase of up to 34.66 million shares from underwriters in secondary offerings by certain major shareholders, which constitutes 10% of total outstanding shares.
- Market Impact Analysis: The execution of this buyback program is likely to boost market confidence and may attract more investor interest in GFL, further driving the company's stock price upward.
See More
GFL Environmental Plans Share Buyback Program
- Buyback Program Renewal: GFL Environmental announced its intention to implement a normal course issuer bid from March 3, 2026, to March 2, 2027, allowing for the repurchase of up to 27,396,513 subordinate voting shares, which will be canceled upon buyback, thereby reducing the share count and enhancing earnings per share.
- Positive Market Reaction: Following the announcement of the buyback program, GFL shares traded up 0.48% in pre-market activity on the New York Stock Exchange, reaching $44.07 per share, indicating investor confidence in the company's future performance.
- Shareholder Value Enhancement: By repurchasing shares, GFL aims to enhance shareholder value by reducing the number of shares in circulation, which could potentially increase earnings per share and shareholder returns, thereby strengthening the company's competitive position in the industry.
- Strategic Implications: This buyback program not only reflects the company's confidence in future cash flows but also signifies its strategic intent to continuously optimize its capital structure, aiming to create long-term value for shareholders.
See More
GFL Environmental Inc. Renews Share Buyback Program
- Buyback Program Renewal: GFL Environmental Inc. announced the renewal of its normal course issuer bid for a 12-month period starting March 3, 2026, with a maximum repurchase of 27,396,513 shares, representing 10% of its public float, aimed at enhancing shareholder value and optimizing capital structure.
- Regulatory Exemption Approved: The company received exemptive relief from the Ontario Securities Commission, allowing it to repurchase up to 34,657,586 shares in the secondary market, further enhancing its capital flexibility and ensuring effective share buybacks when market conditions permit.
- Diverse Repurchase Methods: GFL plans to execute share repurchases through various means, including open market transactions and automatic share purchase plans, with a daily repurchase limit of 103,153 shares, ensuring that buyback activities align with market liquidity and pricing conditions.
- Historical Buyback Data: Under the previous buyback program from March 3, 2025, to March 2, 2026, GFL repurchased 18,360,127 shares, demonstrating the company's proactive approach to capital management and commitment to shareholder returns.
See More
GFL Environmental Reports Strong Q4 Earnings Exceeding Expectations
- Earnings Beat: GFL Environmental reported Q4 earnings of $0.26 per share, surpassing the analyst consensus of $0.14, indicating a significant improvement in profitability and boosting investor confidence.
- Sales Growth: The company achieved quarterly sales of $1.209 billion, exceeding the analyst estimate of $1.190 billion, reflecting strong market performance and sustained customer demand.
- Optimistic Outlook: GFL projects FY2026 sales between $7.000 billion and $7.140 billion, slightly above the market estimate of $7.070 billion, demonstrating confidence in future growth and effective strategic planning.
- Analyst Rating Adjustments: Several analysts revised their price targets for GFL, with Barclays raising its target from $62 to $63, indicating a positive outlook on the company's future performance.
See More
GFL Environmental Reports Q4 2025 Earnings
- Earnings Highlights: GFL Environmental reported a Q4 2025 non-GAAP EPS of C$0.36, indicating stable profitability despite market challenges, which is crucial for maintaining investor confidence.
- Revenue Growth: The company achieved revenue of C$1.69 billion in Q4, reflecting a year-over-year increase of 7.6%, showcasing sustained demand in the environmental services sector and an expanding market share.
- Headquarters Relocation: GFL Environmental is relocating its executive headquarters to the U.S., a strategic move aimed at optimizing operational efficiency and enhancing competitiveness in the North American market, which is expected to support future growth initiatives.
- Quant Rating: Seeking Alpha's Quant Rating on GFL Environmental indicates market confidence in its future performance, further solidifying investor optimism regarding the company's long-term growth potential.
See More
GFL Environmental Set to Release Q4 Earnings on February 11
- Earnings Announcement: GFL Environmental is set to announce its Q4 2023 earnings on February 11 after market close, with a consensus EPS estimate of $0.14, reflecting a significant year-over-year increase of 126.9%, indicating a strong potential for profitability improvement.
- Revenue Expectations: Despite the optimistic EPS outlook, the revenue estimate stands at $1.24 billion, representing a 37.7% year-over-year decline, which highlights challenges the company faces in the current market environment that could impact its overall financial health.
- Historical Performance: Over the past two years, GFL has beaten EPS estimates 88% of the time and has exceeded revenue estimates 100% of the time, demonstrating the company's reliability in financial forecasting and adaptability in the market.
- Estimate Revision Trends: In the last three months, EPS estimates have seen three upward revisions and seven downward revisions, while revenue estimates experienced twelve upward revisions and two downward revisions, indicating analyst divergence on the company's future performance and market uncertainty.
See More
GFL Environmental Extends Share Buyback Program
- Buyback Program Renewal: GFL Environmental has received approval from the Toronto Stock Exchange to extend its normal course issuer bid until March 2, 2027, allowing for the repurchase of up to 27.4 million shares, which represents 10% of its public float as of February 18, 2026.
- Share Repurchase Volume: As of February 18, 2026, GFL had 346.58 million subordinate voting shares outstanding, and the implementation of this buyback program is expected to enhance earnings per share and increase shareholder value.
- Exemptive Relief Secured: GFL has obtained exemptive relief from the Ontario Securities Commission, permitting the repurchase of up to 34.66 million shares from underwriters in secondary offerings by certain major shareholders, which constitutes 10% of total outstanding shares.
- Market Impact Analysis: The execution of this buyback program is likely to boost market confidence and may attract more investor interest in GFL, further driving the company's stock price upward.
See More
GFL Environmental Plans Share Buyback Program
- Buyback Program Renewal: GFL Environmental announced its intention to implement a normal course issuer bid from March 3, 2026, to March 2, 2027, allowing for the repurchase of up to 27,396,513 subordinate voting shares, which will be canceled upon buyback, thereby reducing the share count and enhancing earnings per share.
- Positive Market Reaction: Following the announcement of the buyback program, GFL shares traded up 0.48% in pre-market activity on the New York Stock Exchange, reaching $44.07 per share, indicating investor confidence in the company's future performance.
- Shareholder Value Enhancement: By repurchasing shares, GFL aims to enhance shareholder value by reducing the number of shares in circulation, which could potentially increase earnings per share and shareholder returns, thereby strengthening the company's competitive position in the industry.
- Strategic Implications: This buyback program not only reflects the company's confidence in future cash flows but also signifies its strategic intent to continuously optimize its capital structure, aiming to create long-term value for shareholders.
See More
GFL Environmental Inc. Renews Share Buyback Program
- Buyback Program Renewal: GFL Environmental Inc. announced the renewal of its normal course issuer bid for a 12-month period starting March 3, 2026, with a maximum repurchase of 27,396,513 shares, representing 10% of its public float, aimed at enhancing shareholder value and optimizing capital structure.
- Regulatory Exemption Approved: The company received exemptive relief from the Ontario Securities Commission, allowing it to repurchase up to 34,657,586 shares in the secondary market, further enhancing its capital flexibility and ensuring effective share buybacks when market conditions permit.
- Diverse Repurchase Methods: GFL plans to execute share repurchases through various means, including open market transactions and automatic share purchase plans, with a daily repurchase limit of 103,153 shares, ensuring that buyback activities align with market liquidity and pricing conditions.
- Historical Buyback Data: Under the previous buyback program from March 3, 2025, to March 2, 2026, GFL repurchased 18,360,127 shares, demonstrating the company's proactive approach to capital management and commitment to shareholder returns.
See More
GFL Environmental Reports Strong Q4 Earnings Exceeding Expectations
- Earnings Beat: GFL Environmental reported Q4 earnings of $0.26 per share, surpassing the analyst consensus of $0.14, indicating a significant improvement in profitability and boosting investor confidence.
- Sales Growth: The company achieved quarterly sales of $1.209 billion, exceeding the analyst estimate of $1.190 billion, reflecting strong market performance and sustained customer demand.
- Optimistic Outlook: GFL projects FY2026 sales between $7.000 billion and $7.140 billion, slightly above the market estimate of $7.070 billion, demonstrating confidence in future growth and effective strategic planning.
- Analyst Rating Adjustments: Several analysts revised their price targets for GFL, with Barclays raising its target from $62 to $63, indicating a positive outlook on the company's future performance.
See More
GFL Environmental Reports Q4 2025 Earnings
- Earnings Highlights: GFL Environmental reported a Q4 2025 non-GAAP EPS of C$0.36, indicating stable profitability despite market challenges, which is crucial for maintaining investor confidence.
- Revenue Growth: The company achieved revenue of C$1.69 billion in Q4, reflecting a year-over-year increase of 7.6%, showcasing sustained demand in the environmental services sector and an expanding market share.
- Headquarters Relocation: GFL Environmental is relocating its executive headquarters to the U.S., a strategic move aimed at optimizing operational efficiency and enhancing competitiveness in the North American market, which is expected to support future growth initiatives.
- Quant Rating: Seeking Alpha's Quant Rating on GFL Environmental indicates market confidence in its future performance, further solidifying investor optimism regarding the company's long-term growth potential.
See More
GFL Environmental Set to Release Q4 Earnings on February 11
- Earnings Announcement: GFL Environmental is set to announce its Q4 2023 earnings on February 11 after market close, with a consensus EPS estimate of $0.14, reflecting a significant year-over-year increase of 126.9%, indicating a strong potential for profitability improvement.
- Revenue Expectations: Despite the optimistic EPS outlook, the revenue estimate stands at $1.24 billion, representing a 37.7% year-over-year decline, which highlights challenges the company faces in the current market environment that could impact its overall financial health.
- Historical Performance: Over the past two years, GFL has beaten EPS estimates 88% of the time and has exceeded revenue estimates 100% of the time, demonstrating the company's reliability in financial forecasting and adaptability in the market.
- Estimate Revision Trends: In the last three months, EPS estimates have seen three upward revisions and seven downward revisions, while revenue estimates experienced twelve upward revisions and two downward revisions, indicating analyst divergence on the company's future performance and market uncertainty.
See More
