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Clean Harbors Can PFAS Work Offset Base Oil Weakening In 2026?

Clean Harbors concluded 2025 with record achievements across several key performance metrics, underscoring a robust financial year. The company’s focus on safety was highlighted by achieving a record low total recordable incident rate of 0.49, which is a point of pride for its management and an industry-leading figure. For investors, safety metrics are not just about employee welfare but are also reflective of operational efficiency and company reputation. From a financial perspective, Clean Harbors reported record revenues exceeding $6 billion for the first time, with a 5% increase in adjusted EBITDA compared to the previous year. The Environmental Services (ES) segment remains a significant growth driver, showing a continuous trajectory of both revenue and margin growth over 15 consecutive quarters. This was attributed to strong demand in disposal and recycling services, despite confronting a challenging industrial landscape.