Q4 2025 GFL Environmental Inc Earnings Call Transcript

Feb 11, 2026 / 10:00 PM GMT

Release Date Price: C$59.78 (+2.22%)

Transcript

Key Points

Positve

GFL Environmental Inc (GFL) achieved a historical milestone with a 30% adjusted EBITDA margin for the first time in the company's history.
The company successfully executed its capital allocation strategy, including the sale of its ES segment, simplifying its business into a pure-play solid waste leader.
GFL Environmental Inc (GFL) completed significant share buybacks, deploying an additional $750 million into incremental buybacks due to share price dislocation.
The company ended 2025 with the lowest year-end net leverage in its history, providing balance sheet flexibility for future M&A activities.
GFL Environmental Inc (GFL) reported a 7.3% revenue growth in Q4, driven by better-than-expected contributions from pricing, volume, and M&A activities.

Negative

Commodities continued to be a drag on margins, with market pricing decelerating by another 10% from Q3.
The company faced greater-than-anticipated headwinds from foreign exchange (FX) impacts.
Construction and demolition (C&D) related volumes remained soft, impacting overall volume growth.
Adjusted free cash flow for Q1 2026 is expected to be lower than the prior year due to the timing of working capital and CapEx payments.
The company anticipates a 50 basis point headwind to revenue growth in 2026 due to current commodity and fuel price levels.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

GFL.TO - GFL Environmental Inc
Q4 2025 GFL Environmental Inc Earnings Call
Feb 11, 2026 / 10:00PM GMT

=====================
Presentation
--------------------------------------------------------------------------------
Unidentified_1 [1]
--------------------------------------------------------------------------------
Good evening everyone and thank you for attending today's GFL fourth quarter 2025 earnings call. My name is Jasmine and I will be your moderator today. All lines will be muted during the presentation portion of the call with the opportunity for questions and answers at the end. If you would like to ask a question, please press 1 on your telephone keypad.

At this time I would not like to turn the call over to.

Patrick Da Vinci, founder and CEO of GFL, you may now proceed.

--------------------------------------------------------------------------------
Unidentified_2 [2]
--------------------------------------------------------------------------------
Thank you and good afternoon. I would like

Already have an account? Log in

Get the full story

Subscribe Now

	Access to All Earning Calls and Stock Analysis
	30-Year Financial on one screen
	All-in-one Stock Screener with unlimited filters
	Customizable Stock Dashboard
	Real Time Insider Trading Transactions
	8,000+ Institutional investors’ 13F holdings
	Powerful Excel Add-in and Google sheets Add-on
	All data downloadable
	Quick customer support
	And much more...

7-Day Free Trial · Cancel Anytime

Subscription fee may be tax deductible.

Excellent

4.6 out of 5

Trustpilot

Research Tools

All-In-One Screener Stock Ideas Stock List Guru List Guru Real-Time Picks Insider List Insider Trades Economic Indicators Sector & Industry Performance DCF Calculator Calculators Discussion Board

Product

Pricing Plans Excel Add-In Google Sheets Add-on Data API Stock Comparison Table Manual of Stocks Instant Alerts Mobile App Newsletters Signup 中文

Education

Financial Glossary Tutorials FAQ Buffett Indicator Shiller P/E Yield Curve Today U.S. Inflation Rate Global Market Valuation Fed Net Liquidity Buffett Assets Allocation

Company

About GuruFocus Career Contact Us Advertise Term of Use Privacy Policy Referral Program Partner Program

Survey

We'd love to learn more about your experiences on GuruFocus.com and how we can improve!

Take Survey

Disclaimers

GuruFocus.com is not operated by a broker or a dealer. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The individuals or entities selected as "gurus" may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. Gurus may be added or dropped from the GuruFocus site at any time. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Stock quotes are provided by QuoteMedia, Inc. (CSI). Company fundamental data is provided by Morningstar. Analyst estimates data is sourced from both Refinitiv and Morningstar, with priority given to Refinitiv data. Data is updated daily.