8-K Announcements
6Material company update
Apr 22, 2026·SEC
Material company update
Mar 18, 2026·SEC
Material company update
Mar 16, 2026·SEC
Waste Connections, Inc.(WCN)Earnings, Financials & Key Ratios
WCN•NYSE
36.8× P/E·Price updated Jun 19, 2026
AboutWaste Connections, Inc. provides non-hazardous waste collection, transfer, disposal, and resource recovery services in the United States and Canada. It offers collection services to residential, commercial, municipal, industrial, and exploration and production (E&P) customers; landfill disposal services; and recycling services for various recyclable materials, including compost, cardboard, mixed paper, plastic containers, glass bottles, and ferrous and aluminum metals. The company also owns and operates transfer stations that receive compact and/or load waste to be transported to landfills or treatment facilities through truck, rail, or barge; and intermodal services for the rail haul movement of cargo and solid waste containers in the Pacific Northwest through a network of intermodal facilities. In addition, it provides E&P waste treatment, recovery, and disposal services for waste resulting from oil and natural gas exploration and production activity, such as drilling fluids, drill cuttings, completion fluids, and flowback water; production wastes and produced water during a well's operating life; contaminated soils that require treatment during site reclamation; and substances, which require clean-up after a spill, reserve pit clean-up, or pipeline rupture. Further, the company offers leasing services to its customers. As of December 31, 2021, it owned 334 solid waste collection operations; 142 transfer stations; 61 municipal solid waste (MSW) landfills; 12 E&P waste landfills; 14 non-MSW landfills; 71 recycling operations; 4 intermodal operations; 23 E&P liquid waste injection wells; and 19 E&P waste treatment and oil recovery facilities. The company also operates an additional 53 transfer stations, 10 MSW landfills, and 2 intermodal operations. Waste Connections, Inc. was founded in 1997 and is based in Woodbridge, Canada.Show more
- Revenue$9.5B+6.5%
- EBITDA$2.96B+32.6%
- Net Income$1.08B+75.0%
- EPS (Diluted)4.18+74.9%
- Gross Margin38.96%-6.8%
- EBITDA Margin31.14%+24.5%
- Operating Margin18.13%+51.4%
- Net Margin11.37%+64.2%
- ROE13.43%+69.2%
WCN Key Insights
Waste Connections, Inc. (WCN) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓Strong 5Y profit CAGR of 39.5%
- ✓15 consecutive years of dividend growth
- ✓High quality earnings: Operating CF exceeds net income
- ✓Strong 5Y sales CAGR of 11.8%
✗Weaknesses
No significant weaknesses identified
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
Get notified when WCN posts new earnings or crosses analyst targets
Free. No account needed. Unsubscribe any time.
WCN Price & Volume
Waste Connections, Inc. (WCN) stock price & volume — 10-year historical chart
Loading chart...
WCN Growth Metrics
Waste Connections, Inc. (WCN) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years16.2%
5 Years11.78%
3 Years9.63%
TTM6.29%
Profit CAGR
10 Years-
5 Years39.48%
3 Years8.94%
TTM68.25%
EPS CAGR
10 Years-
5 Years39.9%
3 Years8.86%
TTM69.14%
Return on Capital
10 Years6.88%
5 Years7.94%
3 Years7.77%
Last Year9.3%
WCN Recent Earnings
Waste Connections, Inc. (WCN) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 11/12 qtrs (92%)●Beat Revenue 6/12 qtrs (50%)
Q2 2026Latest
Apr 22, 2026Metric
Actual
Est
EPS
$1.23+3.4%
$1.19
Rev
$2.3B+0.3%
$2.3B
Q1 2026
Feb 11, 2026Metric
Actual
Est
EPS
$1.29+0.8%
$1.28
Rev
$2.4B-1.3%
$2.4B
Q4 2025
Oct 21, 2025Metric
Actual
Est
EPS
$1.44+4.3%
$1.38
Rev
$2.5B+3.7%
$2.4B
Q3 2025
Jul 23, 2025Metric
Actual
Est
EPS
$1.29+3.2%
$1.25
Rev
$2.4B-1.6%
$2.5B
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | Apr 22, 2026 | $1.23vs $1.19+3.4% | $2.3Bvs $2.3B+0.3% |
| Q1 2026 | Feb 11, 2026 | $1.29vs $1.28+0.8% | $2.4Bvs $2.4B-1.3% |
| Q4 2025 | Oct 21, 2025 | $1.44vs $1.38+4.3% | $2.5Bvs $2.4B+3.7% |
| Q3 2025 | Jul 23, 2025 | $1.29vs $1.25+3.2% | $2.4Bvs $2.5B-1.6% |
Based on last 12 quarters of dataView full earnings history →
WCN Peer Comparison
Waste Connections, Inc. (WCN) competitors in Solid Waste Collection and Disposal — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 WM | 86.56B | 214.60 | 32.03 | 14.24% | 10.99% | 28.85% | 2.29 | |
 RSG | 63.05B | 204.94 | 29.92 | 3.49% | 12.99% | 18.12% | 0.05 | |
 CWST | 5.45B | 86.98 | 724.83 | 17.95% | 0.38% | 0.46% | 0.79 | |
 CLH | 15.39B | 288.60 | 39.64 | 2.39% | 6.53% | 14.37% | 1.26 | |
 CEVA | 1.39B | 49.72 | -113 | 2.49% | -10.47% | -3.89% | 0.09 | |
 PESI | 204.21M | 11.00 | -14.67 | 4.33% | -30.06% | -34.48% | 0.09 | |
 ERII | 485.56M | 9.42 | 22.43 | -7.07% | 15.1% | 10.89% | 0.05 | |
 CVNA | 72.14B | 66.55 | 39.38 | 48.63% | 7.09% | 45.92% | 0.15 |
Compare WCN vs Peers
Waste Connections, Inc. (WCN) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
WCN Income Statement
Waste Connections, Inc. (WCN) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Metric | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
Sales/Revenue | 4.63B | 4.92B | 5.39B | 5.45B | 6.15B | 7.21B | 8.02B | 8.92B | 9.5B | 9.65B |
Revenue Growth % | 37.16% | 6.32% | 9.46% | 1.06% | 12.95% | 17.24% | 11.23% | 11.19% | 6.55% | 6.29% |
Cost of Goods Sold | 2.7B | 2.87B | 3.2B | 3.28B | 3.65B | 4.34B | 4.74B | 5.19B | 5.8B | 5.87B |
COGS % of Revenue | 58.41% | 58.21% | 59.36% | 60.17% | 59.4% | 60.12% | 59.14% | 58.21% | 61.04% | - |
Gross Profit | 1.93B▲ 0% | 2.06B▲ 6.8% | 2.19B▲ 6.4% | 2.17B▼ 0.9% | 2.5B▲ 15.1% | 2.88B▲ 15.2% | 3.28B▲ 14.0% | 3.73B▲ 13.7% | 3.7B▼ 0.7% | 3.78B▲ 0% |
Gross Margin % | 41.59% | 41.79% | 40.64% | 39.83% | 40.6% | 39.88% | 40.86% | 41.79% | 38.96% | 39.14% |
Gross Profit Growth % | 35.79% | 6.83% | 6.45% | -0.95% | 15.13% | 15.16% | 13.96% | 13.74% | -0.67% | - |
Operating Expenses | 1.3B | 1.22B | 1.35B | 1.76B | 1.46B | 1.63B | 2.04B | 2.66B | 1.98B | 2.08B |
OpEx % of Revenue | 28.04% | 24.88% | 25.09% | 32.26% | 23.7% | 22.65% | 25.44% | 29.82% | 20.84% | - |
Selling, General & Admin | 476.97M | 503.82M | 530.84M | 522.29M | 592.63M | 671.45M | 774.09M | 855.79M | 946.64M | 959.6M |
SG&A % of Revenue | 10.3% | 10.23% | 9.85% | 9.59% | 9.63% | 9.31% | 9.65% | 9.59% | 9.96% | - |
Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
R&D % of Revenue | - | - | - | - | - | - | - | - | - | - |
Other Operating Expenses | 821.65M | 721.18M | 821.3M | 1.23B | 865.04M | 962.21M | 1.27B | 1.8B | 1.03B | 4M |
Operating Income | 627.1M▲ 0% | 832.24M▲ 32.7% | 837.78M▲ 0.7% | 412.43M▼ 50.8% | 1.04B▲ 152.1% | 1.24B▲ 19.5% | 1.24B▼ 0.5% | 1.07B▼ 13.6% | 1.72B▲ 61.3% | 1.7B▲ 0% |
Operating Margin % | 13.54% | 16.91% | 15.55% | 7.57% | 16.9% | 17.22% | 15.41% | 11.97% | 18.13% | 17.59% |
Operating Income Growth % | 38.65% | 32.71% | 0.66% | -50.77% | 152.07% | 19.48% | -0.47% | -13.64% | 61.35% | - |
EBITDA | 1.26B | 1.51B | 1.58B | 1.16B | 1.85B | 2.16B | 2.24B | 2.23B | 2.96B | 2.73B |
EBITDA Margin % | 27.2% | 30.73% | 29.35% | 21.39% | 30.12% | 29.97% | 27.92% | 25.02% | 31.14% | 28.31% |
EBITDA Growth % | 37.48% | 20.1% | 4.56% | -26.36% | 59.05% | 16.65% | 3.63% | -0.36% | 32.63% | 19.68% |
D&A (Non-Cash Add-back) | 632.48M | 680.49M | 743.92M | 752.4M | 813.01M | 918.96M | 1B | 1.16B | 1.24B | 947.06M |
EBIT | 748.15M | 872.93M | 861.22M | 845.15M | 1.08B | 1.27B | 1.34B | 1.23B | 1.77B | 1.82B |
Net Interest Income | -121.54M | -118.56M | -132.58M | -175.72M | -178.62M | -194.89M | -250.19M | -280.58M | -319.5M | -328.55M |
Interest Income | 5.36M | 6.8M | 10M | 5.53M | 2.89M | 5.71M | 9.52M | 11.05M | 12.18M | 13.53M |
Interest Expense | 126.9M | 125.37M | 142.58M | 181.25M | 181.51M | 200.61M | 259.71M | 291.63M | 331.68M | 342.08M |
Other Income/Expense | -118.59M | -125.1M | -131.89M | -158.51M | -268.88M | -193.23M | -252.81M | -304.73M | -299.48M | -302.76M |
Pretax Income | 508.51M▲ 0% | 707.14M▲ 39.1% | 705.89M▼ 0.2% | 253.91M▼ 64.0% | 770.74M▲ 203.5% | 1.05B▲ 36.1% | 983.5M▼ 6.2% | 762.93M▼ 22.4% | 1.42B▲ 86.5% | 1.39B▲ 0% |
Pretax Margin % | 10.98% | 14.36% | 13.1% | 4.66% | 12.53% | 14.54% | 12.26% | 8.55% | 14.98% | 14.45% |
Income Tax | -68.91M | 159.99M | 139.21M | 49.92M | 152.25M | 212.96M | 220.68M | 146.36M | 342.63M | 335.38M |
Effective Tax Rate % | -13.55% | 22.62% | 19.72% | 19.66% | 19.75% | 20.3% | 22.44% | 19.18% | 24.08% | 24.06% |
Net Income | 576.82M▲ 0% | 546.87M▼ 5.2% | 566.84M▲ 3.7% | 204.68M▼ 63.9% | 618.05M▲ 202.0% | 835.66M▲ 35.2% | 762.8M▼ 8.7% | 617.57M▼ 19.0% | 1.08B▲ 75.0% | 1.06B▲ 0% |
Net Margin % | 12.46% | 11.11% | 10.52% | 3.76% | 10.05% | 11.59% | 9.51% | 6.92% | 11.37% | 10.97% |
Net Income Growth % | 133.96% | -5.19% | 3.65% | -63.89% | 201.96% | 35.21% | -8.72% | -19.04% | 74.96% | 68.25% |
Net Income (Continuing) | 577.42M | 547.15M | 566.68M | 203.99M | 618.49M | 836M | 762.83M | 616.57M | 1.08B | 1.06B |
Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Minority Interest | 5.4M | 5.58M | 4.85M | 4.17M | 4.61M | 4.95M | 4.97M | 0 | 0 | 0 |
EPS (Diluted) | 2.18▲ 0% | 2.07▼ 5.0% | 2.19▲ 5.8% | 0.78▼ 64.4% | 2.36▲ 202.6% | 3.24▲ 37.3% | 2.95▼ 9.0% | 2.39▼ 19.0% | 4.18▲ 74.9% | 4.14▲ 0% |
EPS Growth % | 103.74% | -5.05% | 5.8% | -64.38% | 202.56% | 37.29% | -8.95% | -18.98% | 74.9% | 69.14% |
EPS (Basic) | 2.19 | 2.07 | 2.20 | 0.78 | 2.37 | 3.25 | 2.96 | 2.39 | 4.19 | - |
Diluted Shares Outstanding | 264.3M | 264.4M | 264.53M | 263.69M | 261.73M | 258.04M | 258.15M | 258.66M | 256.47M | 255.87M |
Basic Shares Outstanding | 263.68M | 263.65M | 263.79M | 263.19M | 261.17M | 257.38M | 257.55M | 257.97M | 255.8M | 255.35M |
Dividend Payout Ratio | 22.88% | 27.9% | 30.88% | 97.66% | 35.63% | 29.08% | 35.48% | 48.94% | 31.43% | - |
WCN Balance Sheet
Waste Connections, Inc. (WCN) balance sheet — assets, liabilities & shareholders' equity
| Metric | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
Total Current Assets | 1.18B | 1.09B | 1.13B | 1.41B | 1.03B | 1.12B | 1.14B | 1.23B | 1.31B | 1.38B |
Cash & Short-Term Investments | 433.81M | 319.31M | 326.74M | 617.29M | 147.44M | 78.64M | 78.4M | 62.37M | 45.88M | 112.45M |
Cash Only | 433.81M | 319.31M | 326.74M | 617.29M | 147.44M | 78.64M | 78.4M | 62.37M | 45.88M | 112.45M |
Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Accounts Receivable | 554.46M | 609.54M | 662.81M | 680.33M | 770.92M | 876.92M | 885.08M | 972.63M | 1.07B | 1.03B |
Days Sales Outstanding | 43.71 | 45.19 | 44.9 | 45.6 | 45.74 | 44.38 | 40.27 | 39.8 | 41 | 39.75 |
Inventory | 0 | 0 | 0 | 36.73M | 44.26M | 55.19M | 61.67M | 71.16M | 78.72M | 0 |
Days Inventory Outstanding | - | - | - | 4.09 | 4.42 | 4.65 | 4.74 | 5 | 4.95 | 1.22 |
Other Current Assets | 1.6M | 0 | 0 | 46.52M | 37.01M | 63.2M | 76.13M | 66.61M | 70.67M | 230.79M |
Total Non-Current Assets | 10.84B | 11.53B | 12.61B | 12.58B | 13.67B | 16.02B | 16.77B | 18.59B | 19.92B | 19.81B |
Property, Plant & Equipment | 4.82B | 5.17B | 5.7B | 5.46B | 5.88B | 7.14B | 7.49B | 8.34B | 9.03B | 9.04B |
Fixed Asset Turnover | 0.96x | 0.95x | 0.95x | 1.00x | 1.05x | 1.01x | 1.07x | 1.07x | 1.05x | 1.09x |
Goodwill | 4.68B | 5.03B | 5.51B | 5.73B | 6.19B | 6.9B | 7.4B | 7.95B | 8.38B | 8.41B |
Intangible Assets | 1.09B | 1.13B | 1.16B | 1.16B | 1.35B | 1.67B | 1.6B | 1.99B | 2B | 1.96B |
Long-Term Investments | 0 | 0 | 0 | 0 | 131.01M | 170.75M | 182M | 227.73M | 265.6M | 755.41M |
Other Non-Current Assets | 247.67M | 205.12M | 233.62M | 246.93M | 115.38M | 126.57M | 94.04M | 77.02M | 107.23M | 397.4M |
Total Assets | 12.01B▲ 0% | 12.63B▲ 5.1% | 13.74B▲ 8.8% | 13.99B▲ 1.9% | 14.7B▲ 5.1% | 17.13B▲ 16.6% | 17.92B▲ 4.6% | 19.82B▲ 10.6% | 21.23B▲ 7.1% | 21.19B▲ 0% |
Asset Turnover | 0.39x | 0.39x | 0.39x | 0.39x | 0.42x | 0.42x | 0.45x | 0.45x | 0.45x | 0.46x |
Asset Growth % | 8.2% | 5.1% | 8.79% | 1.85% | 5.06% | 16.56% | 4.56% | 10.62% | 7.13% | 22.28% |
Total Current Liabilities | 802.6M | 886.84M | 1.01B | 1.03B | 1.23B | 1.51B | 1.69B | 1.88B | 2.12B | 2.01B |
Accounts Payable | 330.52M | 359.97M | 436.97M | 290.82M | 392.87M | 638.73M | 642.46M | 637.37M | 763.83M | 712.42M |
Days Payables Outstanding | 44.6 | 45.85 | 49.86 | 32.39 | 39.24 | 53.77 | 49.42 | 44.81 | 48.07 | 46.1 |
Short-Term Debt | 11.66M | 1.79M | 465K | 8.27M | 6.02M | 6.76M | 26.46M | 7.85M | 67.49M | 54.69M |
Deferred Revenue (Current) | 145.2M | 179.28M | 216.44M | 233.6M | 273.72M | 325M | 355.2M | 382.5M | 415.27M | 1.66B |
Other Current Liabilities | 28.57M | 24.25M | 37.1M | 69.83M | 89.57M | 68.54M | 109.1M | 70.13M | 721.46M | 815.52M |
Current Ratio | 1.47x | 1.23x | 1.12x | 1.37x | 0.84x | 0.74x | 0.68x | 0.65x | 0.62x | 0.69x |
Quick Ratio | 1.47x | 1.23x | 1.12x | 1.33x | 0.80x | 0.70x | 0.64x | 0.62x | 0.58x | 0.69x |
Cash Conversion Cycle | - | - | - | 17.29 | 10.92 | -4.74 | -4.41 | -0.01 | -2.11 | -5.12 |
Total Non-Current Liabilities | 4.94B | 5.28B | 5.79B | 6.1B | 6.47B | 8.51B | 8.53B | 10.08B | 10.88B | 11.12B |
Long-Term Debt | 3.9B | 4.15B | 4.35B | 4.71B | 5.04B | 6.89B | 6.72B | 8.07B | 9.06B | 9.37B |
Capital Lease Obligations | 0 | 0 | 160.03M | 147.22M | 129.63M | 165.46M | 238.44M | 272.11M | 266.51M | 816.04M |
Deferred Tax Liabilities | 690.77M | 760.03M | 818.62M | 760.04M | 850.92M | 1.01B | 1.02B | 958.34M | 1.22B | 4.44B |
Other Non-Current Liabilities | 347.67M | 366.81M | 459.68M | 484.33M | 452.58M | 438.96M | 544.47M | 775.25M | 328.41M | 635.8M |
Total Liabilities | 5.74B | 6.17B | 6.8B | 7.13B | 7.71B | 10.02B | 10.22B | 11.96B | 13B | 13.13B |
Total Debt | 3.91B | 4.16B | 4.54B | 4.89B | 5.21B | 7.1B | 7.02B | 8.39B | 9.4B | 9.43B |
Net Debt | 3.48B | 3.84B | 4.22B | 4.28B | 5.07B | 7.02B | 6.94B | 8.33B | 9.35B | 9.31B |
Debt / Equity | 0.62x | 0.64x | 0.65x | 0.71x | 0.75x | 1.00x | 0.91x | 1.07x | 1.14x | 1.17x |
Debt / EBITDA | 3.11x | 2.75x | 2.87x | 4.20x | 2.81x | 3.28x | 3.14x | 3.76x | 3.17x | 3.45x |
Net Debt / EBITDA | 2.76x | 2.54x | 2.67x | 3.67x | 2.73x | 3.25x | 3.10x | 3.73x | 3.16x | 3.41x |
Interest Coverage | 5.90x | 6.96x | 6.04x | 4.66x | 5.94x | 6.32x | 5.17x | 4.20x | 5.34x | 5.31x |
Total Equity | 6.27B▲ 0% | 6.46B▲ 3.0% | 6.94B▲ 7.4% | 6.86B▼ 1.1% | 6.99B▲ 1.9% | 7.11B▲ 1.7% | 7.7B▲ 8.2% | 7.86B▲ 2.1% | 8.23B▲ 4.7% | 8.06B▲ 0% |
Equity Growth % | 10.95% | 2.97% | 7.4% | -1.08% | 1.9% | 1.72% | 8.21% | 2.11% | 4.71% | 8.1% |
Book Value per Share | 23.74 | 24.43 | 26.23 | 26.03 | 26.72 | 27.57 | 29.82 | 30.39 | 32.09 | 31.49 |
Total Shareholders' Equity | 6.27B | 6.45B | 6.93B | 6.86B | 6.99B | 7.11B | 7.69B | 7.86B | 8.23B | 8.06B |
Common Stock | 4.19B | 4.13B | 4.14B | 4.03B | 3.69B | 3.27B | 3.28B | 3.28B | 2.78B | 2.5B |
Retained Earnings | 1.86B | 2.26B | 2.65B | 2.66B | 3.06B | 3.65B | 4.14B | 4.46B | 5.19B | 5.33B |
Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Accumulated OCI | 108.41M | -74.79M | -10.96M | -651K | 39.58M | -56.83M | -9.83M | -205.74M | -110.84M | -141.78M |
Minority Interest | 5.4M | 5.58M | 4.85M | 4.17M | 4.61M | 4.95M | 4.97M | 0 | 0 | 0 |
WCN Cash Flow Statement
Waste Connections, Inc. (WCN) cash flow — operating, investing & free cash flow history
| Metric | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
Cash from Operations | 1.19B | 1.41B | 1.54B | 1.41B | 1.7B | 2.02B | 2.13B | 2.23B | 2.46B | 2.42B |
Operating CF Margin % | 25.64% | 28.67% | 28.59% | 25.86% | 27.61% | 28.04% | 26.51% | 24.99% | 25.85% | - |
Operating CF Growth % | 49.28% | 18.86% | 9.16% | -8.57% | 20.57% | 19.09% | 5.16% | 4.8% | 10.2% | 24.36% |
Net Income | 577.42M | 547.15M | 566.68M | 203.99M | 618.49M | 836M | 762.83M | 616.57M | 1.1B | 1.06B |
Depreciation & Amortization | 632.48M | 680.49M | 743.92M | 752.4M | 813.01M | 918.96M | 1B | 1.16B | 1.25B | 1.26B |
Stock-Based Compensation | 39.36M | 43.8M | 42.67M | 45.75M | 58.22M | 63.48M | 70.44M | 77.89M | 0 | 73.6M |
Deferred Taxes | -153.28M | 77.86M | 54.64M | -50.49M | 14.56M | 93.48M | 6.33M | -57.28M | 118.7M | -13.35M |
Other Non-Cash Items | 162.01M | 30.49M | 105.38M | 480.83M | 174.93M | 37.77M | 271.48M | 637.3M | 257.35M | 199.25M |
Working Capital Changes | -70.73M | 31.44M | 27.26M | -23.97M | 19.01M | 72.8M | 12.53M | -209.31M | -268.79M | -152.66M |
Change in Receivables | -38.93M | -37.72M | -22.93M | 46.84M | -54.69M | -100.55M | -20.63M | -10.65M | -69.25M | 0 |
Change in Inventory | -66.46M | 41.07M | -14.9M | 70.86M | -4.38M | 0 | 0 | 0 | 0 | 0 |
Change in Payables | 50.01M | 16.14M | 71.15M | -148.36M | 66.75M | 192.85M | 32.33M | -33.32M | 58.08M | 0 |
Cash from Investing | -966.23M | -1.37B | -1.43B | -1.05B | -1.69B | -3.09B | -1.58B | -3.16B | -2.06B | -1.78B |
Capital Expenditures | -479.29M | -546.14M | -666.09M | -664.56M | -744.32M | -912.68M | -934M | -1.06B | -1.22B | -186.97M |
CapEx % of Revenue | 10.35% | 11.09% | 12.36% | 12.2% | 12.1% | 12.66% | 11.64% | 11.84% | 12.79% | 1.94% |
Acquisitions | -410.69M | -830.09M | -761.61M | -388.79M | -985.45M | -2.21B | -676.79M | -2.08B | -821.59M | -500.25M |
Investments | - | - | - | - | - | - | - | - | - | - |
Other Investing | -76.25M | 4.42M | 1.69M | 7.31M | 36.28M | 32.41M | 29.71M | -19.31M | -21.8M | -1.09B |
Cash from Financing | 56.76M | -187.58M | -95.89M | -78.22M | -499.5M | 1.03B | -544.4M | 944.95M | -366.34M | -569.56M |
Debt Issued (Net) | 203.65M | 51.96M | 105.08M | 272.67M | 219.09M | 1.74B | -233.39M | 1.32B | 549.02M | 601.2M |
Equity Issued (Net) | -13.99M | -73.96M | 4.04M | -104.97M | -338.56M | -424.34M | 794K | 2.01M | -508.48M | -340.7M |
Dividends Paid | -131.97M | -152.55M | -175.07M | -199.88M | -220.2M | -243.01M | -270.6M | -302.26M | -339.65M | -341.08M |
Share Repurchases | 0 | -58.93M | 0 | -105.65M | -338.99M | -425M | 0 | 0 | -514.37M | -343.37M |
Other Financing | -919K | -13.03M | -29.95M | -46.03M | -159.82M | -46.35M | -41.21M | -73.86M | -67.23M | -488.98M |
Net Change in Cash | 279.43M▲ 0% | -149.26M▼ 153.4% | 19.25M▲ 112.9% | 291.17M▲ 1412.2% | -494.77M▼ 269.9% | -38.25M▲ 92.3% | 2.67M▲ 107.0% | 14.13M▲ 428.6% | -16.44M▼ 216.3% | 73.2M▲ 0% |
Free Cash Flow | 707.97M▲ 0% | 865.09M▲ 22.2% | 874.46M▲ 1.1% | 743.96M▼ 14.9% | 953.91M▲ 28.2% | 1.11B▲ 16.3% | 1.19B▲ 7.5% | 1.17B▼ 1.7% | 1.24B▲ 5.8% | 2.23B▲ 0% |
FCF Margin % | 15.29% | 17.57% | 16.23% | 13.66% | 15.51% | 15.39% | 14.87% | 13.15% | 13.06% | 23.13% |
FCF Growth % | 57.12% | 22.19% | 1.08% | -14.92% | 28.22% | 16.34% | 7.48% | -1.67% | 5.81% | 88.81% |
FCF per Share | 2.68 | 3.27 | 3.31 | 2.82 | 3.64 | 4.30 | 4.62 | 4.53 | 4.84 | 8.72 |
FCF Conversion (FCF/Net Income) | 2.06x | 2.58x | 2.72x | 6.88x | 2.75x | 2.42x | 2.79x | 3.61x | 2.27x | 2.11x |
Interest Paid | 115.64M | 124.34M | 139.69M | 142.31M | 157.49M | 177.42M | 260.92M | 298.93M | 308.32M | 0 |
Taxes Paid | 155.53M | 52.46M | 81.05M | 104.62M | 146.2M | 100.16M | 207.02M | 216M | 221.02M | 0 |
WCN Key Ratios
Waste Connections, Inc. (WCN) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
Return on Equity (ROE) | 9.67% | 8.59% | 8.46% | 2.97% | 8.92% | 11.85% | 10.3% | 7.94% | 13.43% | 12.93% |
Return on Invested Capital (ROIC) | 4.98% | 6.23% | 5.86% | 2.77% | 6.72% | 7.11% | 6.44% | 5.19% | 7.65% | 7.4% |
Gross Margin | 41.59% | 41.79% | 40.64% | 39.83% | 40.6% | 39.88% | 40.86% | 41.79% | 38.96% | 39.14% |
Net Margin | 12.46% | 11.11% | 10.52% | 3.76% | 10.05% | 11.59% | 9.51% | 6.92% | 11.37% | 10.97% |
Debt / Equity | 0.62x | 0.64x | 0.65x | 0.71x | 0.75x | 1.00x | 0.91x | 1.07x | 1.14x | 1.17x |
Interest Coverage | 5.90x | 6.96x | 6.04x | 4.66x | 5.94x | 6.32x | 5.17x | 4.20x | 5.34x | 5.31x |
FCF Conversion | 2.06x | 2.58x | 2.72x | 6.88x | 2.75x | 2.42x | 2.79x | 3.61x | 2.27x | 2.11x |
Revenue Growth | 37.16% | 6.32% | 9.46% | 1.06% | 12.95% | 17.24% | 11.23% | 11.19% | 6.55% | 6.29% |
Related:WCN Dividend History·WCN Revenue History·WCN Price History·WCN P/E History·WCN Financial Ratios·WCN Institutional Holders
WCN SEC Filings & Documents
Waste Connections, Inc. (WCN) SEC filings — annual & quarterly reports (10-K, 10-Q)
WCN Frequently Asked Questions
Waste Connections, Inc. (WCN) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
Waste Connections, Inc. (WCN) reported $9.65B in revenue for fiscal year 2025. This represents a 155478% increase from $6.2M in 1997.
Waste Connections, Inc. (WCN) grew revenue by 6.5% over the past year. This is steady growth.
Yes, Waste Connections, Inc. (WCN) is profitable, generating $1.06B in net income for fiscal year 2025 (11.4% net margin).
Dividend & Returns
Yes, Waste Connections, Inc. (WCN) pays a dividend with a yield of 0.86%. This makes it attractive for income-focused investors.
Waste Connections, Inc. (WCN) has a return on equity (ROE) of 13.4%. This is reasonable for most industries.
Waste Connections, Inc. (WCN) generated $2.23B in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.