Filing Flows › Clean Harbors (CLH) › How it makes money
How Clean Harbors (CLH) makes money
Clean Harbors (CLH) made $1.9B of revenue in the third quarter 2026 (Q3 2026), +30% from a year earlier. Service revenues brought in $1.5B (82%); Product revenues brought in $340M (18%). Of every dollar of revenue, 17¢ was left as operating profit, 11¢ was left as net earnings.
Drawing the Sankey…
Revenue by segment, Q3 2026
| Segment | Revenue | Share | Q/Q | Y/Y |
|---|---|---|---|---|
| Service revenues | $1.5B | 81.8% | — | +26% |
| ↳ Technical Services | $507M | 27.1% | — | +3% |
| ↳ Field and Emergency Response Services | $401M | 21.4% | — | +73% |
| ↳ Safety-Kleen Environmental Services | $382M | 20.4% | — | +12% |
| ↳ Safety-Kleen Oil | $242M | 12.9% | — | +57% |
| Product revenues | $340M | 18.2% | — | +50% |
Where each dollar of revenue goes
| Line | Q3 2026 | % of revenue |
|---|---|---|
| Revenue | $1.9B | 100.0% |
| Operating profit | $318M | 17.0% |
| Income tax | $74.1M | 4.0% |
| Net earnings | $208M | 11.1% |
| Operating cash flow | $419M | 22.4% |
| Free cash flow | $323M | 17.3% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q3 2026 | $1.9B | +21% |
| Q2 2026 | $1.7B | +12% |
| Q1 2026 | $1.5B | +2% |
| Q4 2025 | $1.5B | +5% |
| Q3 2025 | $1.5B | +1% |
| Q2 2025 | $1.5B | -0.2% |
| Q1 2025 | $1.4B | +4% |
From Clean Harbors' 10-Q filed Oct 28, 2026 (on EDGAR).
Questions
How does Clean Harbors make money?
Clean Harbors (CLH) made $1.9B of revenue in the third quarter 2026 (Q3 2026), +30% from a year earlier. Service revenues brought in $1.5B (82%); Product revenues brought in $340M (18%). Of every dollar of revenue, 17¢ was left as operating profit, 11¢ was left as net earnings.
What is Clean Harbors' biggest business?
Service revenues: $1.5B in the third quarter 2026, 82% of revenue, +26% from a year earlier.
What is Clean Harbors' profit margin?
Net earnings were $208M, 11.1% of revenue, in the third quarter 2026; the operating margin was 17.0%.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.