Filing Flows › Clean Harbors (CLH) › Q3 2026 › vs Q3 2025
Clean Harbors (CLH) Q3 2026 vs Q3 2025 (year over year)
Clean Harbors's revenue rose $320M (+21%) from $1.5B in Q3 2025 to $1.9B in Q3 2026. The biggest changes: Service revenues +$316M (+26%); Product revenues +$113M (+50%). Operating margin 17.0% against 12.5% (+4.6 pts).
Clean Harbors, Q3 2026: revenue $1.9B (+21% year over year), operating margin 17.0%, net earnings $208M, operating cash flow $419M. The chart draws each line against Q3 2025, the increases inside each band.
Margins
| Q3 2026 | Q3 2025 | Change | |
|---|---|---|---|
| Operating margin | 17.0% | 12.5% | +4.6 pts |
| Net margin | 11.1% | 7.7% | +3.5 pts |
| Free cash flow margin | 17.3% | 14.9% | +2.4 pts |
Every line
| Line | Q3 2026 | Q3 2025 | Change | % |
|---|---|---|---|---|
| Technical Services | $507M | $491M | $16.5M | +3% |
| Field and Emergency Response Services | $401M | $232M | $169M | +73% |
| Safety-Kleen Environmental Services | $382M | $340M | $41.9M | +12% |
| Safety-Kleen Oil | $242M | $154M | $88.2M | +57% |
| Service revenues | $1.5B | $1.2B | $316M | +26% |
| Product revenues | $340M | $227M | $113M | +50% |
| Revenue | $1.9B | $1.5B | $320M | +21% |
| Operating profit | $318M | $193M | $125M | +65% |
| Costs & expenses | $1.6B | $1.4B | $195M | +14% |
| Pre-tax earnings | $282M | $161M | $121M | +75% |
| Other expense, net | $35.9M | $32.2M | $3.7M | +12% |
| Cost of revenue | $1.2B | $1.0B | $160M | +15% |
| SG&A | $217M | $190M | $27.5M | +14% |
| Other operating costs | $126M | $118M | $8.0M | +7% |
| Net earnings | $208M | $119M | $89.3M | +75% |
| Income tax | $74.1M | $42.0M | $32.1M | +76% |
| Depreciation & amortization | $123M | $115M | $8.0M | +7% |
| Share-based compensation | $11.7M | $8.9M | $2.8M | +32% |
| Working capital & other | $76.7M | $59.5M | $17.1M | +29% |
| Operating cash flow | $419M | $302M | $117M | +39% |
| Adjusted free cash flow (company-reported) | $323M | $231M | $92.5M | +40% |
| Itions to property, plant and equipment, net | $96.1M | $71.4M | $24.7M | +35% |
Questions
How much did Clean Harbors's revenue grow year over year in Q3 2026?
Clean Harbors's revenue rose $320M (+21%) from $1.5B in Q3 2025 to $1.9B in Q3 2026.
What drove Clean Harbors's revenue change in Q3 2026?
Service revenues +$316M (+26%); Product revenues +$113M (+50%).