Clean Harbors, Inc. CLH

Competitive advantage analysis · industrials

Corporate Default
Overall moat score
77/100
Strong

About Clean Harbors, Inc.

Clean Harbors, Inc. provides environmental and industrial services in the United States and Canada. The company operates through two segments: Environmental Services and Safety-Kleen Sustainability Solutions. The Environmental Services segment collects, transports, treats, recycles, and disposes hazardous and non-hazardous waste, such as resource recovery, physical treatment, incineration, landfill disposal, wastewater treatment, lab chemicals disposal, and explosives management services; and offers … Full CLH analysis →

Competitive advantage assessment

Key strengths

  • Margins Stable Across Cycles Operating margin volatility is low (stability score 0.88), demonstrating pricing resilience across cycles.
  • ROIC Sustainably Above Peers ROIC at 87.5th percentile exceeds peers and WACC, demonstrating superior capital allocation.

The dashed ring is the peer median. Defense scores are percentile ranks against peers, so 50 is roughly the typical company in this group.

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Pricing Power

Strong
78

Where CLH ranks in Waste Management

Clean Harbors, Inc. ranks #4 of 19 scored companies in Waste Management by moat score — the top 21%. The widest moat in the group is Republic Services, Inc. (RSG) at 88/100.

Moat scores for companies ranked near CLH in Waste Management
# Company Moat score Rating
1 Republic Services, Inc. RSG 88/100 Strong
2 Waste Management, Inc. WM 81/100 Strong
3 Waste Connections, Inc. WCN 79/100 Strong
4 Clean Harbors, Inc. CLH 77/100 Strong
5 Casella Waste Systems, Inc. CWST 62/100 Moderate
6 Avalon Holdings Corporation AWX 61/100 Moderate
7 GFL Environmental Inc. Subordin GFL 59/100 Moderate
8 Montrose Environmental Group, I MEG 52/100 Moderate
9 Quest Resource Holding Corporat QRHC 46/100 Developing

See every General Corporate company ranked by moat score →

How CLH scores on the Corporate Default defenses

Pricing Power

Score 78 · 20% of the moat score

Pricing power is the ability to raise prices without losing volume.

Cost Advantage

Score 78 · 15% of the moat score

A cost advantage means delivering the same product for structurally less — better purchasing, denser distribution, a more automated process.

Customer Stickiness

Score 70 · 15% of the moat score

Stickiness is what makes revenue repeat without being re-won every year.

Capital Efficiency

Score 84 · 18% of the moat score

Capital efficiency asks what the company earns on the money tied up in the business.

Resilience

Score 81 · 17% of the moat score

Resilience is the capacity to get through a bad year on its own terms — enough liquidity, enough interest cover, and enough cash generation to avoid a rescue financing or a forced sale.

Scale & Market Position

Score 67 · 15% of the moat score

Scale matters only when it converts into economics.

How each Corporate Default defense is measured, in full →

Understanding CLH's moat

What is Clean Harbors, Inc.'s moat score?

Clean Harbors, Inc. (CLH) scores 76 out of 100 on the StatsAlpha Moat Map, which rates its competitive advantage as strong. It ranks #4 of 19 scored companies in Waste Management, the top 21%. The score is a weighted composite of 6 competitive defenses, each measured against industry peers of 18 companies in Waste Management. Its strongest defense is Capital Efficiency (84/100) and its weakest is Scale & Market Position (67/100).

How does Clean Harbors, Inc. compare with other Waste Management companies?

Clean Harbors, Inc. ranks #4 of 19 scored companies in Waste Management by moat score. The widest moat in Waste Management is Republic Services, Inc. (RSG) at 88/100. The companies ranked closest are Waste Connections, Inc. (WCN) at 79 just above it and Casella Waste Systems, Inc. (CWST) at 62 just below it.

How is the moat score calculated?

Each company is scored with an industry-specific template — Corporate Default in this case, chosen because the defenses that matter to a bank are not the ones that matter to a software company. Every defense combines several financial signals, and each signal is measured as a percentile against a peer group of 18 companies in Waste Management. The defenses are then weighted to produce the overall score out of 100.

Why is Clean Harbors, Inc. scored with the Corporate Default template?

Most public companies sell a product or a service at a margin, so the moat question is whether that margin survives contact with competitors. The Corporate template scores the six defenses that show up in a general operating company's financial signature: whether it can hold price, produce more cheaply than rivals, keep its customers, earn a return above its cost of capital, withstand a downturn, and turn size into economics.

Which competitive defenses are measured for Clean Harbors, Inc.?

The Corporate Default template measures 6 defenses, and CLH scores: Pricing Power (78), Cost Advantage (78), Customer Stickiness (70), Capital Efficiency (84), Resilience (81), Scale & Market Position (67). Each is scored independently as a percentile against peers, so a company can be strong on one and weak on another — the overall score reflects how those defenses are weighted for this industry.

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