Filing Flows › Clean Harbors (CLH) › Q2 2025
Clean Harbors (CLH) Q2 2025 earnings results (second quarter 2025)
10-Q filed Jul 30, 2025
Clean Harbors (CLH) reported revenue of $1.5B for the second quarter 2025 (Q2 2025), -0.2% from a year earlier and +8% from the quarter before. Operating margin was 13.6%, net earnings $127M (8.2% of revenue).
Clean Harbors, Q2 2025: revenue $1.5B (-0.2% year over year), operating margin 13.6%, net earnings $127M, operating cash flow $208M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.5B | +8% | -0.2% |
| Operating profit | $210M | +88% | -2% |
| Net earnings | $127M | +116% | -5% |
| Operating cash flow | $208M | 130× | -4% |
| Free cash flow | $133M | — | +58% |
What changed
Revenue was $1.5B in Q2 2025, roughly flat year over year and up 8% from the previous quarter. Technical Services was the largest line at 30% of revenue. Safety-Kleen Oil lost $0.05B year over year (down 25%), 1733% of the total change.
Operating profit was $0.21B, a 13.6% margin (down 0.3 points year over year). Total costs grew 0% against flat revenue. The fastest-growing cost line was Other operating costs (+15%). Net earnings were $0.13B, down 5% year over year. The effective tax rate was 26.5%.
Operating cash flow was $0.21B (down 4% year over year), 164% 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 used $0.04B. After itions to property, plant and equipment, net ($0.07B), adjusted free cash flow as the company reports it was $0.13B.
Questions
What was Clean Harbors' revenue in the second quarter 2025?
Clean Harbors (CLH) reported revenue of $1.5B for the second quarter 2025 (Q2 2025), -0.2% from a year earlier and +8% from the quarter before.
Was Clean Harbors profitable in the second quarter 2025?
Operating profit was $210M (13.6% of revenue) and net earnings $127M.
Source: Clean Harbors 10-Q on SEC EDGAR.