Clean Operating Margin from 2010 to 2024

CLH Stock  USD 196.00  5.02  2.50%   
Clean Harbors' Operating Profit Margin is increasing with slightly volatile movements from year to year. Operating Profit Margin is estimated to finish at 0.12 this year.
Check Clean Harbors financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Clean main balance sheet or income statement drivers, such as Depreciation And Amortization of 384 M, Interest Expense of 126.6 M or Selling General Administrative of 704.7 M, as well as many exotic indicators such as Price To Sales Ratio of 1.83, Dividend Yield of 0.45 or PTB Ratio of 4.44. Clean financial statements analysis is a perfect complement when working with Clean Harbors Valuation or Volatility modules.
  
This module can also supplement Clean Harbors' financial leverage analysis and stock options assessment as well as various Clean Harbors Technical models . Check out the analysis of Clean Harbors Correlation against competitors.
For more detail on how to invest in Clean Stock please use our How to Invest in Clean Harbors guide.

Latest Clean Harbors' Operating Margin Growth Pattern

Below is the plot of the Operating Profit Margin of Clean Harbors over the last few years. It is Clean Harbors' Operating Profit Margin historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Clean Harbors' overall financial position and show how it may be relating to other accounts over time.
ViewLast Reported 0.11 %10 Years Trend
Slightly volatile
   Operating Profit Margin   
       Timeline  

Clean Operating Margin Regression Statistics

Arithmetic Mean0.08
Geometric Mean0.07
Coefficient Of Variation40.69
Mean Deviation0.03
Median0.08
Standard Deviation0.03
Sample Variance0.001
Range0.0978
R-Value0.38
Mean Square Error0.0009
R-Squared0.15
Significance0.16
Slope0
Total Sum of Squares0.01

Clean Operating Margin History

2022 0.12
2021 0.0914
2020 0.0799
2019 0.0672
2018 0.0553
2017 0.0434
2016 0.0251

About Clean Harbors Financial Statements

There are typically three primary documents that fall into the category of financial statements. These documents include Clean Harbors income statement, its balance sheet, and the statement of cash flows. Clean Harbors investors use historical funamental indicators, such as Clean Harbors's Operating Margin, to determine how well the company is positioned to perform in the future. Although Clean Harbors investors may use each financial statement separately, they are all related. The changes in Clean Harbors's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Clean Harbors's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. We offer a historical overview of the basic patterns found on Clean Harbors Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Clean Harbors. Please read more on our technical analysis and fundamental analysis pages.
Clean Harbors, Inc. provides environmental and industrial services in North America. Clean Harbors, Inc. was incorporated in 1980 and is headquartered in Norwell, Massachusetts. Clean Harbors operates under Waste Management classification in the United States and is traded on New York Stock Exchange. It employs 18300 people.

Pair Trading with Clean Harbors

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 Clean Harbors 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 Clean Harbors will appreciate offsetting losses from the drop in the long position's value.

Moving together with Clean Stock

  0.83NL NL Industries Earnings Call This WeekPairCorr
  0.87WM Waste Management Earnings Call TodayPairCorr

Moving against Clean Stock

  0.81LNZA LanzaTech Global Financial Report 20th of May 2024 PairCorr
  0.78HURN Huron Consulting Earnings Call This WeekPairCorr
  0.77FORR Forrester Research Earnings Call This WeekPairCorr
  0.59FC Franklin Covey Financial Report 26th of June 2024 PairCorr
  0.55RGP Resources Connection Financial Report 22nd of July 2024 PairCorr
The ability to find closely correlated positions to Clean Harbors could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Clean Harbors 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 Clean Harbors - 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 Clean Harbors to buy it.
The correlation of Clean Harbors 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 Clean Harbors moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Clean Harbors 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 Clean Harbors 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.
Pair CorrelationCorrelation Matching
When determining whether Clean Harbors offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Clean Harbors' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Clean Harbors Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Clean Harbors Stock:
Check out the analysis of Clean Harbors Correlation against competitors.
For more detail on how to invest in Clean Stock please use our How to Invest in Clean Harbors guide.
You can also try the Bonds Directory module to find actively traded corporate debentures issued by US companies.

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Is Clean Harbors' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Clean Harbors. If investors know Clean will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Clean Harbors listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
0.194
Earnings Share
6.96
Revenue Per Share
100.038
Quarterly Revenue Growth
0.047
Return On Assets
0.0612
The market value of Clean Harbors is measured differently than its book value, which is the value of Clean that is recorded on the company's balance sheet. Investors also form their own opinion of Clean Harbors' value that differs from its market value or its book value, called intrinsic value, which is Clean Harbors' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Clean Harbors' market value can be influenced by many factors that don't directly affect Clean Harbors' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Clean Harbors' value and its price as these two are different measures arrived at by different means. Investors typically determine if Clean Harbors is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Clean Harbors' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.