Head-To-Head Analysis: GFL Environmental (NYSE:GFL) vs. Greenwave Technology Solutions (NASDAQ:GWAV)

Greenwave Technology Solutions (NASDAQ:GWAV) and GFL Environmental (NYSE:GFL) are both industrials companies, but which is the superior investment? We will compare the two businesses based on the strength of their analyst recommendations, institutional ownership, dividends, earnings, risk, valuation and profitability.

Earnings & Valuation

This table compares Greenwave Technology Solutions and GFL Environmental”s gross revenue, earnings per share (EPS) and valuation.

	Gross Revenue	Price/Sales Ratio	Net Income	Earnings Per Share	Price/Earnings Ratio
Greenwave Technology Solutions	$46.66 million	0.04	-$21.60 million	($21.77)	-0.11
GFL Environmental	$4.73 billion	3.23	$2.74 billion	($0.53)	-79.86

GFL Environmental has higher revenue and earnings than Greenwave Technology Solutions. GFL Environmental is trading at a lower price-to-earnings ratio than Greenwave Technology Solutions, indicating that it is currently the more affordable of the two stocks.

Insider & Institutional Ownership

15.6% of Greenwave Technology Solutions shares are held by institutional investors. Comparatively, 64.7% of GFL Environmental shares are held by institutional investors. 4.0% of Greenwave Technology Solutions shares are held by insiders. Comparatively, 8.7% of GFL Environmental shares are held by insiders. Strong institutional ownership is an indication that endowments, large money managers and hedge funds believe a stock will outperform the market over the long term.

Profitability

This table compares Greenwave Technology Solutions and GFL Environmental’s net margins, return on equity and return on assets.

	Net Margins	Return on Equity	Return on Assets
Greenwave Technology Solutions	-27.67%	-64.32%	-30.24%
GFL Environmental	-3.28%	4.14%	1.55%

Analyst Ratings

This is a breakdown of current recommendations for Greenwave Technology Solutions and GFL Environmental, as reported by MarketBeat.

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
Greenwave Technology Solutions	1	0	0	0	1.00
GFL Environmental	2	2	9	0	2.54

GFL Environmental has a consensus target price of $57.67, indicating a potential upside of 36.24%. Given GFL Environmental’s stronger consensus rating and higher probable upside, analysts plainly believe GFL Environmental is more favorable than Greenwave Technology Solutions.

Volatility and Risk

Greenwave Technology Solutions has a beta of 0.24, indicating that its share price is 76% less volatile than the S&P 500. Comparatively, GFL Environmental has a beta of 0.72, indicating that its share price is 28% less volatile than the S&P 500.

Summary

GFL Environmental beats Greenwave Technology Solutions on 13 of the 14 factors compared between the two stocks.

About Greenwave Technology Solutions

Greenwave Technology Solutions, Inc., through its subsidiary, operates metal recycling facilities in Virginia, Ohio, and North Carolina. The company collects, classifies, and processes appliances, construction materials, end-of-life vehicles, boats, and industrial machinery. It is also involved in the purchasing and sale of processed and unprocessed scrap metals; and operation of automotive shredders. In addition, the company process nonferrous metals, such as aluminum, copper, stainless steel, nickel, brass, titanium, lead, alloys, and mixed metal products; and sells catalytic converters recovered from end-of-life vehicles to processors that extracts nonferrous precious metals comprising platinum, palladium, and rhodium. It serves large corporations, industrial manufacturers, retail customers, and government organizations. The company was formerly known as MassRoots, Inc and changed its name to Greenwave Technology Solutions, Inc. in October 2021. Greenwave Technology Solutions, Inc. was founded in 2002 and is headquartered in Chesapeake, Virginia.

About GFL Environmental

GFL Environmental Inc. offers non-hazardous solid waste management and environmental services in Canada and the United States. It offers solid waste management, liquid waste management, and soil remediation services, including collection, transportation, transfer, recycling, and disposal services for municipal, residential, and commercial, and industrial customers. The company was incorporated in 2007 and is headquartered in Vaughan, Canada.