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Clean Harbors (CLH) earnings and revenue breakdown

Latest: Q3 2026 · 10-Q filed Oct 28, 2026 · Clean Harbors (CLH) Q3 2026 earnings results →

Q3 2026 Revenue up 21% year over year to $1.9B · 11¢ of every $1 of revenue kept as net profit · operating margin 17.0%

Clean Harbors made $1.9B in Q3 2026 (+21% Y/Y): Service revenues $1.5B, Product revenues $340M. Operating margin 17.0%, net earnings $208M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Oct 28, 2026.

Revenue$1.9B

Year over year+21%

Operating margin17.0%

Net earnings$208M

Operating cash flow$419M

Drawing the Sankey…

Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF

What changed this quarter

Revenue was $1.9B in Q3 2026, up 21% year over year and up 8% from the previous quarter. Technical Services was the largest line at 27% of revenue. Field and Emergency Response Services added $0.17B year over year (up 73%), 53% of the total change.

Operating profit was $0.32B, a 17.0% margin (up 4.6 points year over year). Of the extra revenue versus Q3 2025, 39% reached operating profit, above the 12% margin then. Total costs grew 14% against revenue growth of 21%. The fastest-growing cost line was Cost of revenue (+15%). Net earnings were $0.21B, up 75% year over year. The effective tax rate was 26.3%.

Operating cash flow was $0.42B (up 39% year over year), 201% of net earnings. Non-cash charges added back $0.12B of depreciation and amortization and $0.01B of share-based compensation. Working capital and other items added $0.08B. After itions to property, plant and equipment, net ($0.10B), adjusted free cash flow as the company reports it was $0.32B.

Quarterly history

Quarter	Form	Filed	Revenue	Y/Y	Op. margin	Net earnings	Op. cash flow
Q3 2026	10-Q	Oct 28, 2026	$1.9B	+21%	17.0%	$208M	$419M
Q2 2026	10-Q	Jul 29, 2026	$1.7B	+12%	15.5%	$170M	$239M
Q1 2026	10-Q	May 6, 2026	$1.5B	+2%	8.1%	$63.2M	$6.3M
Q4 2025	10-K	Feb 18, 2026	$1.5B	+5%	10.6%	$86.6M	$355M
Q3 2025	10-Q	Oct 29, 2025	$1.5B	+1%	12.5%	$119M	$302M
Q2 2025	10-Q	Jul 30, 2025	$1.5B	-0.2%	13.6%	$127M	$208M
Q1 2025	10-Q	Apr 30, 2025	$1.4B	+4%	7.8%	$58.7M	$1.6M

Charts

Latest (Q3 2026): Y/Y +21%, Q/Q +8%.

From the cash-flow statement as filed (SEC XBRL). Cash is fungible: the bars do not say which dollar paid for what.

Latest (Q3 2026): Net income $208M, Operating cash flow $419M.

-3.5% since FY2020: buybacks shrank the count.