Gfl Historical Income Statement
| GFL Stock | CAD 64.57 0.45 0.70% |
Historical analysis of Gfl Environmental income statement accounts such as Selling General Administrative of 566 M or Total Revenue of 4.8 B can show how well Gfl Environmental Holdings performed in making a profits. Evaluating Gfl Environmental income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Gfl Environmental's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining Gfl Environmental latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Gfl Environmental is a good buy for the upcoming year.
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About Gfl Income Statement Analysis
Gfl Environmental Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to Gfl Environmental shareholders. The income statement also shows Gfl investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).
Gfl Environmental Income Statement Chart
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Total Revenue
Total revenue comprises all receipts Gfl Environmental generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.Gross Profit
Gross profit is a required income statement account that reflects total revenue of Gfl Environmental Holdings minus its cost of goods sold. It is profit before Gfl Environmental operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.Other Operating Expenses
Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Gfl Environmental. It is also known as Gfl Environmental overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.Most accounts from Gfl Environmental's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Gfl Environmental current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Gfl Environmental Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors. At this time, Gfl Environmental's Gross Profit is very stable compared to the past year. As of the 24th of July 2025, EBIT is likely to grow to about 470 M, though Tax Provision is likely to grow to (196.7 M).
| 2022 | 2023 | 2024 | 2025 (projected) | Gross Profit | 797.6M | 1.3B | 1.5B | 1.6B | Total Revenue | 6.8B | 7.5B | 7.9B | 4.8B |
Gfl Environmental income statement Correlations
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Gfl Environmental Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Gfl Environmental income statement Accounts
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 (projected) | ||
| Tax Provision | (360.9M) | (106M) | (176.1M) | 159.9M | (207.1M) | (196.7M) | |
| Net Interest Income | (597.6M) | (370.4M) | (469.2M) | (584.1M) | (616.2M) | (647.0M) | |
| Interest Income | 1.0B | 712.3M | 371.1M | 644.3M | (869.2M) | (825.7M) | |
| Depreciation And Amortization | 1.2B | 1.4B | 1.5B | 1.5B | 1.7B | 1.0B | |
| Interest Expense | 597.6M | 434.1M | 489.3M | 584.1M | 572.7M | 440.2M | |
| Selling General Administrative | 508.4M | 591.9M | 701.3M | 973.9M | 992.7M | 566.0M | |
| Total Revenue | 4.2B | 5.5B | 6.8B | 7.5B | 7.9B | 4.8B | |
| Gross Profit | 190.1M | 527.6M | 797.6M | 1.3B | 1.5B | 1.6B | |
| Other Operating Expenses | 4.5B | 5.6B | 6.7B | 7.1B | 8.2B | 4.4B | |
| Operating Income | (320.3M) | (64.3M) | 87.9M | 389.2M | (42.5M) | (44.6M) | |
| Net Income From Continuing Ops | (994.9M) | (606.8M) | (183.2M) | 32.2M | (737.7M) | (700.8M) | |
| Ebit | (320.3M) | (64.3M) | 87.9M | 389.2M | 447.6M | 470.0M | |
| Ebitda | 917.3M | 1.3B | 1.6B | 1.9B | 2.2B | 2.3B | |
| Cost Of Revenue | 4.0B | 5.0B | 6.0B | 6.3B | 6.4B | 4.2B | |
| Total Operating Expenses | 508.4M | 591.9M | 730.4M | 866M | 7.4B | 7.8B | |
| Income Before Tax | (1.4B) | (712.8M) | (359.3M) | 253.7M | (944.8M) | (897.6M) | |
| Total Other Income Expense Net | (1.0B) | (648.5M) | (447.2M) | (135.5M) | (743.6M) | (706.4M) | |
| Net Income Applicable To Common Shares | (1.0B) | (660.4M) | (311.8M) | (46.8M) | (803M) | (762.9M) | |
| Net Income | (994.9M) | (606.8M) | (183.2M) | 45.4M | (722.7M) | (686.6M) | |
| Income Tax Expense | (360.9M) | (106M) | (176.1M) | 159.9M | 183.9M | 193.1M | |
| Reconciled Depreciation | 1.2B | 1.4B | 1.5B | 1.5B | 1.6B | 1.3B |
Pair Trading with Gfl Environmental
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Gfl Environmental position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Gfl Environmental will appreciate offsetting losses from the drop in the long position's value.Moving against Gfl Stock
| 0.6 | CEF | Sprott Physical Gold | PairCorr |
| 0.59 | CSOC-A | Canso Select Opportu | PairCorr |
| 0.53 | SLF-PG | Sun Life Non | PairCorr |
| 0.49 | SLF-PD | Sun Life Financial | PairCorr |
| 0.47 | SLF-PC | Sun Life Financial | PairCorr |
The ability to find closely correlated positions to Gfl Environmental could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Gfl Environmental when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Gfl Environmental - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Gfl Environmental Holdings to buy it.
The correlation of Gfl Environmental is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Gfl Environmental moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Gfl Environmental moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Gfl Environmental can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Gfl Environmental Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors. You can also try the Alpha Finder module to use alpha and beta coefficients to find investment opportunities after accounting for the risk.