Waste Connections, Inc. (WCN) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Sales/Revenue | 2.37B | 2.41B | 2.46B | 2.41B | 2.23B | 2.26B | 2.34B | 2.25B | 2.07B | 2.04B | 2.06B | 2.02B | 1.9B | 1.87B | 1.88B | 1.82B | 1.65B | 1.62B | 1.6B | 1.53B |
| Revenue Growth % | 6.39% | 6.61% | 5.13% | 7.07% | 7.5% | 11.04% | 13.26% | 11.24% | 9.06% | 8.9% | 9.83% | 11.27% | 15.44% | 15.08% | 17.7% | 18.42% | 17.93% | 16.17% | 14.94% | 17.47% |
| Cost of Goods Sold | 1.36B | 1.71B | 1.41B | 1.39B | 1.29B | 1.32B | 1.34B | 1.3B | 1.22B | 1.2B | 1.2B | 1.2B | 1.15B | 1.14B | 1.12B | 1.09B | 989.52M | 980.87M | 946.1M | 901.19M |
| COGS % of Revenue | 57.42% | 70.93% | 57.23% | 57.87% | 57.96% | 58.61% | 57.48% | 57.87% | 58.95% | 58.74% | 58.34% | 59.24% | 60.35% | 60.88% | 59.61% | 59.89% | 60.11% | 60.39% | 59.24% | 58.75% |
| Gross Profit | 1.01B | 700.51M | 1.05B | 1.01B | 936.73M | 935.51M | 994.41M | 947.1M | 850.87M | 839.99M | 860.14M | 823.75M | 753.56M | 731.33M | 759.24M | 728.54M | 656.74M | 643.45M | 651.07M | 632.74M |
| Gross Margin % | 42.58% | 29.07% | 42.77% | 42.13% | 42.04% | 41.39% | 42.52% | 42.13% | 41.05% | 41.26% | 41.66% | 40.76% | 39.65% | 39.12% | 40.39% | 40.11% | 39.89% | 39.61% | 40.76% | 41.25% |
| Gross Profit Growth % | 7.77% | -25.12% | 5.74% | 7.08% | 10.09% | 11.37% | 15.61% | 14.97% | 12.91% | 14.86% | 13.29% | 13.07% | 14.74% | 13.66% | 16.61% | 15.14% | 15.21% | 16.69% | 16.11% | 21.66% |
| Operating Expenses | 645.45M | 267.22M | 611.93M | 554.65M | 546.52M | 1.13B | 519.07M | 522.39M | 484.07M | 615.47M | 507.16M | 479.62M | 438.87M | 419.36M | 432.47M | 398.95M | 382.88M | 394.13M | 365.93M | 365.95M |
| OpEx % of Revenue | 27.23% | 11.09% | 24.89% | 23.04% | 24.53% | 50.2% | 22.2% | 23.24% | 23.36% | 30.24% | 24.56% | 23.73% | 23.09% | 22.43% | 23.01% | 21.96% | 23.26% | 24.26% | 22.91% | 23.86% |
| Selling, General & Admin | 251.12M | 229.04M | 236.48M | 242.97M | 238.16M | 208.85M | 214.46M | 221.59M | 220.74M | 189.8M | 193.21M | 199.5M | 191.59M | 171.44M | 176.43M | 164.71M | 158.87M | 143.96M | 149.88M | 157.94M |
| SG&A % of Revenue | 10.59% | 9.5% | 9.62% | 10.09% | 10.69% | 9.24% | 9.17% | 9.86% | 10.65% | 9.32% | 9.36% | 9.87% | 10.08% | 9.17% | 9.38% | 9.07% | 9.65% | 8.86% | 9.38% | 10.3% |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
| Operating Income | 364.08M | 433.29M | 439.59M | 459.55M | 390.21M | -199.19M | 475.34M | 424.7M | 366.8M | 224.52M | 352.98M | 344.13M | 314.69M | 311.97M | 326.77M | 329.59M | 273.86M | 249.32M | 285.14M | 266.79M |
| Operating Margin % | 15.36% | 17.98% | 17.88% | 19.09% | 17.51% | -8.81% | 20.33% | 18.89% | 17.7% | 11.03% | 17.1% | 17.03% | 16.56% | 16.69% | 17.38% | 18.14% | 16.64% | 15.35% | 17.85% | 17.39% |
| Operating Income Growth % | -6.7% | 317.52% | -7.52% | 8.2% | 6.38% | -188.72% | 34.67% | 23.41% | 16.56% | -28.03% | 8.02% | 4.41% | 14.91% | 25.13% | 14.6% | 23.54% | 14.89% | 26.47% | 23.61% | 214.82% |
| EBITDA | 451.28M | 757.36M | 754.92M | 767.2M | 680.16M | 122.6M | 768.99M | 710.06M | 629.78M | 477.64M | 607.35M | 596.5M | 558.03M | 554.8M | 558.91M | 555.99M | 491.44M | 463.5M | 492.45M | 468.72M |
| EBITDA Margin % | 19.04% | 31.43% | 30.71% | 31.87% | 30.53% | 5.42% | 32.88% | 31.58% | 30.39% | 23.46% | 29.42% | 29.51% | 29.36% | 29.68% | 29.73% | 30.61% | 29.85% | 28.54% | 30.83% | 30.56% |
| EBITDA Growth % | -33.65% | 517.74% | -1.83% | 8.05% | 8% | -74.33% | 26.61% | 19.04% | 12.86% | -13.91% | 8.67% | 7.29% | 13.55% | 19.7% | 13.5% | 18.62% | 14.83% | 17.69% | 16.99% | 1049.67% |
| D&A (Non-Cash Add-back) | 0 | 324.08M | 315.33M | 307.66M | 289.95M | 321.79M | 293.64M | 285.35M | 262.98M | 253.12M | 254.37M | 252.37M | 243.34M | 242.83M | 232.15M | 226.4M | 217.59M | 214.18M | 207.3M | 201.93M |
| EBIT | 451.28M | 433.29M | 459.22M | 471.91M | 407.98M | -67.61M | 485.51M | 437.86M | 376.45M | 239.47M | 415.38M | 377.92M | 318.63M | 318.6M | 351.13M | 337.18M | 280.3M | 284.01M | 293.88M | 271.99M |
| Net Interest Income | -84.61M | -84.15M | -79.36M | -80.44M | -75.55M | -73.83M | -75.36M | -72.93M | -76.44M | -63.48M | -60.12M | -62.26M | -61.56M | -58.69M | -47.5M | -47.66M | -46.5M | -43.23M | -44.76M | -45.26M |
| Interest Income | 3.11M | 3.01M | 5.09M | 2.31M | 1.76M | 2.15M | 3.36M | 4.01M | 2.05M | 2.53M | 2.8M | 1.36M | 2.72M | 3.38M | 1.68M | 646.45K | 138.68K | 572.07K | 491.63K | 737.69K |
| Interest Expense | 87.72M | 87.16M | 84.45M | 82.75M | 77.32M | 75.98M | 78.72M | 76.94M | 78.49M | 66.02M | 62.92M | 63.62M | 64.28M | 62.07M | 49.18M | 48.31M | 46.64M | 43.8M | 45.25M | 46M |
| Other Income/Expense | -80.52M | -87.04M | -64.82M | -70.39M | -77.23M | -82.46M | -75.28M | -68.72M | -78.26M | -63.13M | -60.81M | -66.41M | -62.46M | -60.61M | -40.89M | -47.08M | -44.65M | -37.22M | -152.07M | -41.82M |
| Pretax Income | 283.56M | 346.25M | 374.77M | 389.16M | 312.98M | -281.65M | 400.06M | 355.98M | 288.54M | 161.39M | 292.17M | 277.72M | 252.22M | 251.36M | 285.88M | 282.51M | 229.21M | 212.1M | 133.07M | 224.97M |
| Pretax Margin % | 11.96% | 14.37% | 15.24% | 16.17% | 14.05% | -12.46% | 17.11% | 15.83% | 13.92% | 7.93% | 14.15% | 13.74% | 13.27% | 13.45% | 15.21% | 15.55% | 13.92% | 13.06% | 8.33% | 14.67% |
| Income Tax | 64.22M | 83.78M | 88.5M | 98.88M | 71.47M | -85.64M | 92.01M | 80.58M | 59.41M | 34.76M | 62.98M | 68.55M | 54.39M | 57.06M | 48.75M | 58.31M | 48.84M | 45.67M | 18.42M | 47.87M |
| Effective Tax Rate % | 22.65% | 24.2% | 23.62% | 25.41% | 22.83% | 30.41% | 23% | 22.64% | 20.59% | 21.54% | 21.55% | 24.68% | 21.56% | 22.7% | 17.05% | 20.64% | 21.31% | 21.53% | 13.84% | 21.28% |
| Net Income | 219.34M | 262.47M | 286.27M | 290.28M | 241.51M | -196M | 308.05M | 275.48M | 230.05M | 126.75M | 229.03M | 209.21M | 197.81M | 194.35M | 236.91M | 224.07M | 180.32M | 166.31M | 114.38M | 177.05M |
| Net Margin % | 9.25% | 10.89% | 11.64% | 12.06% | 10.84% | -8.67% | 13.17% | 12.25% | 11.1% | 6.23% | 11.09% | 10.35% | 10.41% | 10.4% | 12.6% | 12.34% | 10.95% | 10.24% | 7.16% | 11.54% |
| Net Income Growth % | -9.18% | 233.91% | -7.07% | 5.37% | 4.98% | -254.63% | 34.5% | 31.68% | 16.3% | -34.78% | -3.33% | -6.63% | 9.7% | 16.86% | 107.13% | 26.56% | 12.49% | 27.28% | -27.63% | 177.97% |
| Net Income (Continuing) | 219.34M | 262.47M | 286.27M | 290.28M | 241.51M | -196M | 308.05M | 275.4M | 229.13M | 126.63M | 229.19M | 209.17M | 197.84M | 194.3M | 237.13M | 224.21M | 180.37M | 166.43M | 114.65M | 177.1M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 4.04M | 4.97M | 5.1M | 4.93M | 4.97M | 4.95M | 5M | 4.78M | 4.65M | 4.61M | 4.49M | 4.22M |
| EPS (Diluted) | 0.86 | 1.02 | 1.11 | 1.12 | 0.93 | -0.76 | 1.19 | 1.07 | 0.89 | 0.50 | 0.88 | 0.82 | 0.77 | 0.75 | 0.92 | 0.87 | 0.69 | 0.64 | 0.44 | 0.68 |
| EPS Growth % | -7.53% | 234.21% | -6.72% | 4.67% | 4.49% | -252% | 35.23% | 30.49% | 15.58% | -33.33% | -4.35% | -5.75% | 11.59% | 17.19% | 109.09% | 27.94% | 13.11% | 28% | -26.67% | 179.07% |
| EPS (Basic) | 0.86 | 1.03 | 1.11 | 1.12 | 0.93 | -0.76 | 1.19 | 1.07 | 0.89 | 0.51 | 0.88 | 0.82 | 0.77 | 0.76 | 0.92 | 0.87 | 0.70 | 0.64 | 0.44 | 0.68 |
| Diluted Shares Outstanding | 255.87M | 256.47M | 257.58M | 258.98M | 258.9M | 258.76M | 258.76M | 258.57M | 258.48M | 258.3M | 258.23M | 258.11M | 257.99M | 257.97M | 257.89M | 257.74M | 259.56M | 261.26M | 261.15M | 261.42M |
| Basic Shares Outstanding | 255.35M | 255.8M | 256.95M | 258.38M | 258.19M | 257.53M | 258.02M | 257.99M | 257.8M | 257.64M | 257.63M | 257.6M | 257.37M | 257.22M | 257.2M | 257.18M | 258.95M | 260.55M | 260.55M | 260.95M |
| Dividend Payout Ratio | 40.46% | 34.23% | 28.29% | 28.07% | 33.74% | - | 24.02% | 26.75% | 31.98% | 58.21% | 28.68% | 31.24% | 33.26% | 33.6% | 24.86% | 26.52% | 32.94% | 35.75% | 46.71% | 30.17% |