Company data sheet · GFL Environmental
GFL Environmental: four lost years, and the economy wasn't the reason.
- Industry
- Refuse Systems
- Headquarters
- United States
- Ticker
- GFL (NYSE)
- Sources
- SEC filings (2019–2026), Stratrix's verified Decision Cases, market data and official economic statistics for the United States
- Data as of
- October 18, 2026
- From profit to four straight losses. GFL Environmental lost money every year from 2019 to 2022: C$2.5 billion in all. 2023 was its first profit in five years: C$0 billion.
- It wasn't the cycle. The losses began in 2019, a year the US economy grew 2.6%. When a company falls while its economy grows, look inside the company first.
- Still smaller than it was. Revenue reached C$6.6 billion in 2025, 12% below its 2023 peak of C$7.5 billion.
Financial results
| Fiscal year | Revenue | Net income | |
|---|---|---|---|
| 2019 | C$3.3 billion | −C$0.5 billion | |
| 2020 | C$4.2 billion | −C$1.1 billion | |
| 2021 | C$5.1 billion | −C$0.6 billion | |
| 2022 | C$6.8 billion | −C$0.3 billion | |
| 2023 | C$7.5 billion | C$0 billion | |
| 2024 | C$6.1 billion | −C$0.7 billion | |
| 2025 | C$6.6 billion | C$3.8 billion |
As reported in its annual filings, in CAD. Losses in red.
The full data sheet · Data Plan
Everything behind these findings, ready for your board deck.
- Economic context: 7 measures for the United States, every year since 2016, from the official sources.
- Peer comparison: against 404 companies of its size in its sector.
- Financial results: ten years of revenue, operating and net income, and every annual report, linked.
- Methods and sources, so each number can be checked and cited.
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