Heritage-Crystal Clean, Inc
HCCIDelistedCIK 1403431 · Core Solid Waste & Recycling
N/A
Market data as of N/A
Financials: LTM / latest available company filings
Sources: FMP, HCCI filings, SEC EDGAR
$1,108
Market cap ($MM)
$1,303
Enterprise value ($MM)
$799
Revenue · LTM ($MM)
$156
EBITDA · LTM ($MM)
20%
EBITDA margin
1.8x
EV / revenue
8.5x
EV / EBITDA
NM
Net debt / EBITDA
Coverage
Coverage view
The analytical read on the name and the balance-sheet capacity behind the program.
Key points
- 01HCCI is a scaled public consolidator in Solid Waste, a benchmark for how the sub-sector buys, pays, and trades.
- 02The relevant peer set is WM, RSG, WCN, CLH, GFL, CWST.
Balance sheet & capacity
Indicative capacity read: public-market scale of $1.3B enterprise value against $799MM revenue.
N/A
Cash & equiv. ($MM)
N/A
Total debt ($MM)
N/A
Net debt ($MM)
NM
Net debt / EBITDA
Valuation
Where it trades against its peer set
HCCI versus the scaled public Core Solid Waste & Recycling comparables.
Indexed share-price performance
HCCI versus available Core Solid Waste & Recycling peers and SPY.
+98%
HCCI
N/A
Peer med.
+55%
SPY
Indexed to 100 from Oct 31, 2018 through Oct 26, 2023. Source: FMP month-end close history.
| Company | Ticker | Revenue ($MM) | EBITDA ($MM) | Margin | Market cap ($MM) | EV ($MM) | EV / rev | EV / EBITDA | Net debt / EBITDA |
|---|---|---|---|---|---|---|---|---|---|
| Heritage-Crystal Clean, Inc | HCCI | $799 | $156 | 20% | $1,108 | $1,303 | 1.8x | 8.5x | NM |
Financials via Financial Modeling Prep (SEC-derived TTM). EV/EBITDA distribution: each dot a live peer, band = interquartile range, line = median. Impossible values (EBITDA > revenue, negative-EBITDA multiples) shown NM.
M&A program
A sustained, programmatic tuck-in cadence
HCCI's disclosed acquisition footprint and the deals behind it.
Disclosed acquisitions
24
Active years
9
Named deals
N/A
Avg / active year
2.7
Acq. cash outflow ($MM)
N/A
Banker read
- 01HCCI reads as a programmatic acquirer: 24 disclosed acquisitions across 9 active years, or 2.7 per active year. The chart shows activity in 7 of the last 9 visible years.
- 02In the last three years, the file shows 7 acquisitions versus 6 in the prior three; recent activity is running above the prior three-year period.
- 03Spend changes the read: $181MM of disclosed spend is concentrated in lumpy years, with FY14 the largest year at $86.9MM. Recent spend is below the prior three-year period.
Annual acquisitions + disclosed spend
HCCI count bars show acquisition cadence; the spend line shows when the program required larger capital deployment.
Program diagnostics
Recent / prior
7 / 6
Last three years is up 17% vs prior three.
Peak count year
FY19
4 disclosed acquisitions in the peak visible year.
Recent spend
$59.0MM
is down 38% vs prior three; peak FY14 at $86.9MM.
Named evidence
0 rows
0.0% selected source-cited transaction coverage.
Selected transactions
| Date | Target | Segment | Consideration ($MM) | Strategic rationale | Source |
|---|---|---|---|---|---|
| No named transactions clear the quality bar in this snapshot. | |||||
Acquisitions disclosed/extracted from SEC filings; not necessarily full M&A history. Disclosed acquisition cash outflow is cumulative "payments for acquisitions, net of cash acquired" from the 10-K cash-flow statements (a cash outflow, not deal value). Built on 1 SEC-backed facts across 0 cited filings.
Evidence
Source archive
A collapsed investigation trail for the SEC filings behind the financials, annual M&A cadence, named transactions, and management language.
Annual 10-Ks
0
Named deal filings
0
Recent SEC filings
0
Evidence clips
0
Annual 10-K M&A evidenceAccepted annual filings used for disclosed acquisition count and spend.0 rows+-
Named transaction source filingsFilings behind selected named-deal rows and transaction excerpts.0 rows+-
Recent SEC filingsThe latest profile filings, kept separate so someone can investigate beyond M&A.0 rows+-
Evidence clipsShort excerpts used on the page; expand only when you want the language.0 rows+-
Annual M&A counts and disclosed spend are extracted from SEC acquisition disclosures and cash-flow statements; named-deal rows carry direct filing links where the filing identifies the target or consideration.