Filing Flows › Clean Harbors (CLH) › Q2 2026 › vs Q2 2025
Clean Harbors (CLH) Q2 2026 vs Q2 2025 (year over year)
Clean Harbors's revenue rose $185M (+12%) from $1.5B in Q2 2025 to $1.7B in Q2 2026. The biggest changes: Technical Services +$81.5M (+18%); Safety-Kleen Oil +$55.5M (+38%); Safety-Kleen Environmental Services +$44.7M (+13%). Operating margin 15.5% against 13.6% (+1.9 pts).
Clean Harbors, Q2 2026: revenue $1.7B (+12% year over year), operating margin 15.5%, net earnings $170M, operating cash flow $239M. The chart draws each line against Q2 2025, the increases inside each band.
Margins
| Q2 2026 | Q2 2025 | Change | |
|---|---|---|---|
| Operating margin | 15.5% | 13.6% | +1.9 pts |
| Net margin | 9.8% | 8.2% | +1.6 pts |
| Free cash flow margin | 7.8% | 8.6% | -0.8 pts |
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| Technical Services | $545M | $463M | $81.5M | +18% |
| Safety-Kleen Environmental Services | $379M | $335M | $44.7M | +13% |
| Industrial Services and Other | $359M | $362M | −$2.7M | -0.8% |
| Field and Emergency Response Services | $249M | $243M | $6.2M | +3% |
| Safety-Kleen Oil | $203M | $147M | $55.5M | +38% |
| Revenue | $1.7B | $1.5B | $185M | +12% |
| Operating profit | $269M | $210M | $58.6M | +28% |
| Costs & expenses | $1.5B | $1.3B | $127M | +9% |
| Pre-tax earnings | $232M | $173M | $59.5M | +34% |
| Other expense, net | $36.8M | $37.7M | −$931K | -2% |
| Cost of revenue | $1.1B | $1.0B | $92.7M | +9% |
| SG&A | $215M | $186M | $28.4M | +15% |
| Other operating costs | $125M | $120M | $5.4M | +5% |
| Net earnings | $170M | $127M | $43.6M | +34% |
| Income tax | $61.7M | $45.7M | $16.0M | +35% |
| Depreciation & amortization | $122M | $116M | $5.5M | +5% |
| Share-based compensation | $14.8M | $6.1M | $8.8M | +144% |
| Working capital & other | $67.9M | $41.2M | $26.7M | +65% |
| Operating cash flow | $239M | $208M | $31.1M | +15% |
| Adjusted free cash flow (company-reported) | $136M | $133M | $2.5M | +2% |
| Itions to property, plant and equipment, net | $103M | $74.9M | $28.6M | +38% |
Questions
How much did Clean Harbors's revenue grow year over year in Q2 2026?
Clean Harbors's revenue rose $185M (+12%) from $1.5B in Q2 2025 to $1.7B in Q2 2026.
What drove Clean Harbors's revenue change in Q2 2026?
Technical Services +$81.5M (+18%); Safety-Kleen Oil +$55.5M (+38%); Safety-Kleen Environmental Services +$44.7M (+13%).