12 Best Waste Management Stocks to Invest In Now

5. GFL Environmental Inc. (NYSE:GFL)

Number of Hedge Fund Investors: 31

One of the Best Waste Management Stocks, GFL Environmental Inc. (NYSE:GFL) is an environmental services company. It provides non-hazardous solid waste management, infrastructure, soil remediation, and liquid waste management services. The majority of its revenue comes from its solid waste management business line, which includes the collection, transportation, transfer, recycling, and disposal of nonhazardous solid waste. Its Environmental Services division handles liquid waste and soil remediation. The company’s geographical segments include Canada and the United States. A significant portion of the company’s revenue comes from the United States.

GFL Environmental Inc. (NYSE:GFL) generated an impressive financial performance, earning Q4 2024 consolidated revenue of $1.98 billion, showing a 5.48% YoY growth that is above expectations, with solid waste organic growth climbing to 7%. Adjusted EBITDA margins rose by 300 basis points to 29.1%, marking the second consecutive quarter of growth. The firm anticipates industry-leading organic growth across all financial measures in 2025, with an additional 100 basis points of adjusted EBITDA margin expansion. The sale of its ES division, which was set to finalize on March 1, will improve the company’s balance sheet, allowing it to repay debt and buy back shares worth $3.75 billion. Furthermore, the business completed 11 acquisitions in 2024 and intends to invest $325 million in growth activities in 2025, all while keeping a strong M&A pipeline to fuel expansion.

National Bank raised GFL Environmental Inc. (NYSE:GFL)’s price objective to C$75 from C$70 and maintained an Outperform rating on the shares. According to the analyst, the company’s model has been updated following the sale of its Environmental Services segment to Apollo Funds and BC Partners last week for $8 billion in enterprise value.