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Clean Harbors (CLH) Q3 2026 earnings results (third quarter 2026)

10-Q filed Oct 28, 2026

Clean Harbors (CLH) reported revenue of $1.9B for the third quarter 2026 (Q3 2026), +21% from a year earlier and +8% from the quarter before. Operating margin was 17.0%, net earnings $208M (11.1% of revenue).

Revenue$1.9B
Year over year+21%
Quarter over quarter+8%
Operating margin17.0%
Net earnings$208M

Clean Harbors, Q3 2026: revenue $1.9B (+21% year over year), operating margin 17.0%, net earnings $208M, operating cash flow $419M. The chart follows the revenue to costs, profit and cash.

Q3 2026AmountQ/QY/Y
Revenue$1.9B+8%+21%
Operating profit$318M+18%+65%
Net earnings$208M+22%+75%
Operating cash flow$419M+75%+39%
Free cash flow$323M—+40%

What changed

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.

Questions

What was Clean Harbors' revenue in the third quarter 2026?

Clean Harbors (CLH) reported revenue of $1.9B for the third quarter 2026 (Q3 2026), +21% from a year earlier and +8% from the quarter before.

Was Clean Harbors profitable in the third quarter 2026?

Operating profit was $318M (17.0% of revenue) and net earnings $208M.

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Source: Clean Harbors 10-Q on SEC EDGAR.