Filing Flows › Clean Harbors (CLH) › Q4 2025
Clean Harbors (CLH) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Feb 18, 2026
Clean Harbors (CLH) reported revenue of $1.5B for the fourth quarter 2025 (Q4 2025), +5% from a year earlier and -3% from the quarter before. Operating margin was 10.6%, net earnings $86.6M (5.8% of revenue).
Clean Harbors, Q4 2025: revenue $1.5B (+5% year over year), operating margin 10.6%, net earnings $86.6M, operating cash flow $355M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.5B | -3% | +5% |
| Operating profit | $158M | -18% | +16% |
| Net earnings | $86.6M | -27% | +3% |
| Operating cash flow | $355M | +18% | +17% |
| Free cash flow | $261M | — | +6% |
What changed
Revenue was $1.5B in Q4 2025, up 5% year over year and down 3% from the previous quarter. Service revenues was the largest line at 86% of revenue.
Operating profit was $0.16B, a 10.6% margin (up 1.0 points year over year). Of the extra revenue versus a year earlier, 31% reached operating profit, above the 10% margin then. Total costs grew 4% against revenue growth of 5%. Net earnings were $0.09B, up 3% year over year. The effective tax rate was 27.8%.
Operating cash flow was $0.36B (up 17% year over year), 410% of net earnings. Non-cash charges added back $0.10B of depreciation and amortization and $0.01B of share-based compensation. Working capital and other items added $0.16B. After itions to property, plant and equipment, net ($0.09B), adjusted free cash flow as the company reports it was $0.26B.
Questions
What was Clean Harbors' revenue in the fourth quarter 2025?
Clean Harbors (CLH) reported revenue of $1.5B for the fourth quarter 2025 (Q4 2025), +5% from a year earlier and -3% from the quarter before.
Was Clean Harbors profitable in the fourth quarter 2025?
Operating profit was $158M (10.6% of revenue) and net earnings $86.6M.
Source: Clean Harbors 10-K on SEC EDGAR.