GFL vs. RSG: GFL Environmental vs. Republic Services Stock Comparison

November 11, 2026

How do GFL Environmental (GFL) and Republic Services (RSG) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.

Company Profile

GFL Environmental (GFL) and Republic Services (RSG) are both classified in the Environmental & Facilities Services sub-industry within the broader Commercial Services & Supplies industry, placing them in the closest GICS peer bucket.

Republic Services (RSG) has more than two decades of public-market history since July 1, 1998, whereas GFL Environmental (GFL) listed on March 3, 2020 and has a much shorter record to draw on.

Company profile comparison for GFL Environmental (GFL) and Republic Services (RSG)
Profile Item	GFL	RSG
Name	GFL Environmental Inc.	Republic Services Inc.
Country/Region	United States	United States
GICS Sector	Industrials	Industrials
GICS Industry Group	Commercial & Professional Services	Commercial & Professional Services
GICS Industry	Commercial Services & Supplies	Commercial Services & Supplies
GICS Sub-Industry	Environmental & Facilities Services	Environmental & Facilities Services
Market Capitalization	16.72 billion USD	75.20 billion USD
Currency	USD	USD
Exchange	NYSE	NYSE
Listing Date	March 3, 2020	July 1, 1998
Security Type	Common Stock	Common Stock

Price Performance

Cumulative Growth

GFL

RSG

GSPC

GFL Environmental (GFL) vs. Republic Services (RSG), with S&P 500 (GSPC) for reference: Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

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Trailing total returns for GFL Environmental (GFL) and Republic Services (RSG). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for GFL Environmental (GFL) and Republic Services (RSG). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Price performance metrics for GFL Environmental (GFL) and Republic Services (RSG)
Metric	GFL	RSG
Total Return (1Y)	7.30%	21.53%
Total Return (3Y, Annualized)	17.51%	17.78%
Total Return (5Y, Annualized)	3.62%	14.57%

Risk Profile

Drawdown History

GFL

RSG

GSPC

GFL Environmental (GFL) vs. Republic Services (RSG), with S&P 500 (GSPC) for reference: Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

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Distribution of monthly total returns for GFL Environmental (GFL) and Republic Services (RSG). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for GFL Environmental (GFL) and Republic Services (RSG)
Metric	GFL	RSG
Volatility (1Y, Annualized)	29.80%	20.26%
Beta (5Y)	0.66	0.32
Max Drawdown (5Y)	-42.75%	-22.54%
Avg. Volume (3M)	3.45M	1.45M

Risk-Adjusted Performance

Risk-Return Positioning

GFL and RSG are plotted by 1-year volatility (risk) and 1-year return. The dashed Capital Allocation Line runs from the risk-free rate through the shared industry median.

Risk-Adjusted Metrics

Risk-adjusted metrics for GFL Environmental (GFL) and Republic Services (RSG)
Metric	GFL	RSG
Sharpe Ratio (1Y)	0.10	0.85
Sortino Ratio (1Y)	0.15	1.37

Profitability

ROE (TTM)

GFL Environmental (GFL) reports a negative ROE of -2.97%; negative ROE can reflect losses or negative shareholders’ equity, so it is harder to read as capital efficiency. Meanwhile Republic Services (RSG) reports 18.48%, ranking against industry peers normally.

GFL

Commercial & Professional Services industry group

-2.97%

Max: 47.06%
Q3: 25.43%
Median: 14.11%
Q1: 3.92%
GFL: -2.97%
Min: -20.15%

RSG

Commercial & Professional Services industry group

18.48%

Max: 47.06%
Q3: 25.43%
RSG: 18.48%
Median: 14.11%
Q1: 3.92%
Min: -20.15%

GFL Environmental (GFL) vs. Republic Services (RSG): A comparison of their ROE against the Commercial & Professional Services industry group benchmark.

Net Margin (TTM)

GFL Environmental (GFL) reports a negative net margin of -4.28%, usually indicating a net loss over the period. Meanwhile Republic Services (RSG) reports 12.92%, ranking against industry peers normally.

GFL

Commercial & Professional Services industry group

-4.28%

Max: 23.28%
Q3: 11.35%
Median: 5.65%
Q1: 0.87%
GFL: -4.28%
Min: -8.60%

RSG

Commercial & Professional Services industry group

12.92%

Max: 23.28%
RSG: 12.92%
Q3: 11.35%
Median: 5.65%
Q1: 0.87%
Min: -8.60%

GFL Environmental (GFL) vs. Republic Services (RSG): A comparison of their net margin against the Commercial & Professional Services industry group benchmark.

Operating Margin (TTM)

Republic Services (RSG) at 20.29% operates in the top operating margin quartile, ahead of GFL Environmental (GFL) at 9.44%, which runs around its industry’s norm.

GFL

Commercial & Professional Services industry group

9.44%

Max: 38.50%
Q3: 18.84%
Median: 10.40%
GFL: 9.44%
Q1: 5.59%
Min: -12.00%

RSG

Commercial & Professional Services industry group

20.29%

Max: 38.50%
RSG: 20.29%
Q3: 18.84%
Median: 10.40%
Q1: 5.59%
Min: -12.00%

GFL Environmental (GFL) vs. Republic Services (RSG): A comparison of their operating margin against the Commercial & Professional Services industry group benchmark.

Profitability Metrics

Profitability metrics for GFL Environmental (GFL) and Republic Services (RSG)
Metric	GFL	RSG
ROE (TTM)	-2.97%	18.48%
ROA (TTM)	1.11%	6.26%
Net Margin (TTM)	-4.28%	12.92%
Operating Margin (TTM)	9.44%	20.29%
Gross Margin (TTM)	19.78%	43.02%

Growth

Revenue Growth

Both GFL Environmental (GFL) at 7.77% and Republic Services (RSG) at 3.49% land near their industries' usual revenue growth ranges, so top-line momentum looks broadly in line with peers on both sides.

GFL Environmental (GFL) vs. Republic Services (RSG): A comparison of their Revenue Growth across different time periods.

EPS Growth

Only one side can be read here: Republic Services (RSG) reports EPS growth of 5.55%, ranked against its industry; GFL Environmental (GFL) has no EPS growth figure this period.

GFL Environmental (GFL) vs. Republic Services (RSG): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for GFL Environmental (GFL) and Republic Services (RSG)
Metric	GFL	RSG
Revenue Growth (YoY)	7.77%	3.49%
Revenue Growth (3Y CAGR)	-0.72%	7.08%
EPS Growth (YoY)	--	5.55%
EPS Growth (3Y CAGR)	--	13.46%

Financial Strength

Current Ratio (MRQ)

Both GFL Environmental (GFL) at 0.93 and Republic Services (RSG) at 0.75 run current ratio in the tighter-liquidity quartile of industry peers, leaving thinner cushions against current liabilities than typical competitors.

GFL

Commercial & Professional Services industry group

0.93

Max: 3.63
Q3: 2.14
Median: 1.55
Q1: 1.09
GFL: 0.93
Min: 0.45

RSG

Commercial & Professional Services industry group

0.75

Max: 3.63
Q3: 2.14
Median: 1.55
Q1: 1.09
RSG: 0.75
Min: 0.45

GFL Environmental (GFL) vs. Republic Services (RSG): A comparison of their current ratio against the Commercial & Professional Services industry group benchmark.

Debt / Equity (MRQ)

Both GFL Environmental (GFL) at 1.04 and Republic Services (RSG) at 1.17 fund their balance sheets with roughly industry-typical debt-to-equity mixes.

GFL

Commercial & Professional Services industry group

1.04

Max: 2.37
Q3: 1.25
GFL: 1.04
Median: 0.88
Q1: 0.35
Min: 0.00

RSG

Commercial & Professional Services industry group

1.17

Max: 2.37
Q3: 1.25
RSG: 1.17
Median: 0.88
Q1: 0.35
Min: 0.00

GFL Environmental (GFL) vs. Republic Services (RSG): A comparison of their debt-to-equity ratio against the Commercial & Professional Services industry group benchmark.

Financial Strength Metrics

Financial strength metrics for GFL Environmental (GFL) and Republic Services (RSG)
Metric	GFL	RSG
Current Ratio (MRQ)	0.93	0.75
Debt / Equity (MRQ)	1.04	1.17
Net Debt / EBITDA	6.75	2.64

Dividends

Dividend Yield (TTM)

Both GFL Environmental (GFL) at 0.14% and Republic Services (RSG) at 1.02% pay solid, industry-typical yields, sitting squarely within their peers’ usual range.

GFL

Commercial & Professional Services industry group

0.14%

Max: 4.33%
Q3: 1.80%
Median: 0.60%
GFL: 0.14%
Q1: 0.00%
Min: 0.00%

RSG

Commercial & Professional Services industry group

1.02%

Max: 4.33%
Q3: 1.80%
RSG: 1.02%
Median: 0.60%
Q1: 0.00%
Min: 0.00%

GFL Environmental (GFL) vs. Republic Services (RSG): A comparison of their dividend yield against the Commercial & Professional Services industry group benchmark.

Dividend Payout Ratio (TTM)

Both GFL Environmental (GFL) at 19.07% and Republic Services (RSG) at 35.25% keep payout ratio within their industries’ typical mid-ranges — dividend policies that share earnings without consuming too much of them.

GFL

Commercial & Professional Services industry group

19.07%

Max: 99.58%
Q3: 41.99%
GFL: 19.07%
Median: 17.27%
Q1: 0.00%
Min: -17.94%

RSG

Commercial & Professional Services industry group

35.25%

Max: 99.58%
Q3: 41.99%
RSG: 35.25%
Median: 17.27%
Q1: 0.00%
Min: -17.94%

GFL Environmental (GFL) vs. Republic Services (RSG): A comparison of their payout ratio against the Commercial & Professional Services industry group benchmark.

Dividend Metrics

Dividend metrics for GFL Environmental (GFL) and Republic Services (RSG)
Metric	GFL	RSG
Dividend Yield (TTM)	0.14%	1.02%
Dividend Payout Ratio (TTM)	19.07%	35.25%

Valuation

P/E Ratio (TTM)

An earnings multiple is available for just one side: Republic Services (RSG) trades at 34.19 times trailing earnings, ranked against its peers, while GFL Environmental (GFL) has no P/E ratio this period.

GFL

Commercial & Professional Services industry group

Max: 49.47
Q3: 33.76
Median: 24.16
Q1: 16.01
Min: 1.89
GFL: --

RSG

Commercial & Professional Services industry group

34.19

Max: 49.47
RSG: 34.19
Q3: 33.76
Median: 24.16
Q1: 16.01
Min: 1.89

GFL Environmental (GFL) vs. Republic Services (RSG): GFL does not report P/E ratio, so it has no value marker; RSG is benchmarked against the Commercial & Professional Services industry group.

P/S Ratio (TTM)

GFL Environmental (GFL) at 2.25 is priced about in line with its industry on P/S ratio, while Republic Services (RSG) at 4.36 sits in the pricier quartile — RSG costs more per dollar of sales.

GFL

Commercial & Professional Services industry group

2.25

Max: 7.17
Q3: 3.35
GFL: 2.25
Median: 1.33
Q1: 0.69
Min: 0.11

RSG

Commercial & Professional Services industry group

4.36

Max: 7.17
RSG: 4.36
Q3: 3.35
Median: 1.33
Q1: 0.69
Min: 0.11

GFL Environmental (GFL) vs. Republic Services (RSG): A comparison of their P/S ratio against the Commercial & Professional Services industry group benchmark.

P/B Ratio (MRQ)

GFL Environmental (GFL) at 2.42 is valued about in line with its industry on P/B ratio, while Republic Services (RSG) at 6.15 carries an above-peer premium to book — RSG is pricier on assets.

GFL

Commercial & Professional Services industry group

2.42

Max: 11.25
Q3: 6.08
Median: 2.92
GFL: 2.42
Q1: 1.55
Min: -2.78

RSG

Commercial & Professional Services industry group

6.15

Max: 11.25
RSG: 6.15
Q3: 6.08
Median: 2.92
Q1: 1.55
Min: -2.78

GFL Environmental (GFL) vs. Republic Services (RSG): A comparison of their P/B ratio against the Commercial & Professional Services industry group benchmark.

Valuation Metrics

Valuation metrics for GFL Environmental (GFL) and Republic Services (RSG)
Metric	GFL	RSG
P/E Ratio (TTM)	--	34.19
P/S Ratio (TTM)	2.25	4.36
P/B Ratio (MRQ)	2.42	6.15
Free Cash Flow Yield (TTM)	1.55%	2.57%