WallStSmart

Gfl Environmental Holdings Inc (GFL)vsWaste Connections Inc (WCN)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

Waste Connections Inc generates 43% more annual revenue ($9.47B vs $6.62B). GFL leads profitability with a 58.0% profit margin vs 11.4%. WCN trades at a lower P/E of 37.8x. GFL earns a higher WallStSmart Score of 54/100 (C-).

GFL

Buy

54

out of 100

Grade: C-

Growth: 5.3Profit: 6.0Value: 3.0Quality: 5.0
Piotroski: 5/9Altman Z: 0.77

WCN

Buy

51

out of 100

Grade: C-

Growth: 4.7Profit: 6.5Value: 7.3Quality: 3.8
Piotroski: 2/9Altman Z: 1.44
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

GFLSignificantly Overvalued (-153.9%)

Margin of Safety

-153.9%

Fair Value

$17.35

Current Price

$39.67

$22.32 premium

UndervaluedFair: $17.35Overvalued
WCNSignificantly Overvalued (-505.4%)

Margin of Safety

-505.4%

Fair Value

$28.36

Current Price

$157.06

$128.70 premium

UndervaluedFair: $28.36Overvalued

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

GFL3 strengths · Avg: 8.7/10
Profit MarginProfitability
58.0%10/10

Keeps 58 of every $100 in revenue as profit

Price/BookValuation
2.7x8/10

Reasonable price relative to book value

EPS GrowthGrowth
22.2%8/10

Earnings expanding 22.2% YoY

WCN0 strengths · Avg: 0/10

No standout strengths identified

Areas to Watch

GFL4 concerns · Avg: 2.5/10
Return on EquityProfitability
3.3%3/10

ROE of 3.3% — below average capital efficiency

Debt/EquityHealth
1.093/10

Elevated debt levels

P/E RatioValuation
96.1x2/10

Premium valuation, high expectations priced in

Altman Z-ScoreHealth
0.772/10

Distress zone — elevated risk

WCN4 concerns · Avg: 2.8/10
P/E RatioValuation
37.8x4/10

Premium valuation, high expectations priced in

Piotroski F-ScoreQuality
2/93/10

Weak financial health signals

EPS GrowthGrowth
-6.7%2/10

Earnings declined 6.7%

Altman Z-ScoreHealth
1.442/10

Distress zone — elevated risk

Comparative Analysis Report

WallStSmart Research

Bull Case : GFL

The strongest argument for GFL centers on Profit Margin, Price/Book, EPS Growth. Profitability is solid with margins at 58.0% and operating margin at 6.4%.

Bull Case : WCN

PEG of 1.22 suggests the stock is reasonably priced for its growth.

Bear Case : GFL

The primary concerns for GFL are Return on Equity, Debt/Equity, P/E Ratio. A P/E of 96.1x leaves little room for execution misses.

Bear Case : WCN

The primary concerns for WCN are P/E Ratio, Piotroski F-Score, EPS Growth.

Key Dynamics to Monitor

GFL profiles as a mature stock while WCN is a value play — different risk/reward profiles.

WCN carries more volatility with a beta of 0.59 — expect wider price swings.

GFL is growing revenue faster at 7.3% — sustainability is the question.

GFL generates stronger free cash flow (197M), providing more financial flexibility.

Bottom Line

GFL scores higher overall (54/100 vs 51/100), backed by strong 58.0% margins. Both earn "Buy" and "Buy" ratings respectively — the choice depends on your investment horizon and risk tolerance.

This analysis is generated from publicly available financial data. Not financial advice.

Gfl Environmental Holdings Inc

INDUSTRIALS · WASTE MANAGEMENT · USA

GFL Environmental Inc. is a diversified environmental services company in Canada and the United States. The company is headquartered in Vaughan, Canada.

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Waste Connections Inc

INDUSTRIALS · WASTE MANAGEMENT · USA

Waste Connections, Inc. provides waste collection, transfer, disposal and recycling services in the United States and Canada. The company is headquartered in Vaughan, Canada.

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