Waste Connections, Inc. (WCN) Revenue History
Annual and quarterly revenue from 2014 to 2025
Compound Annual Growth Rate (CAGR)
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WCN Revenue Growth
Revenue Breakdown (FY 2025)
WCN's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
By Geography
WCN Revenue Analysis (2014–2025)
As of May 8, 2026, Waste Connections, Inc. (WCN) generated trailing twelve-month (TTM) revenue of $9.65 billion, reflecting solid growth of +6.4% year-over-year. The most recent quarter (Q1 2026) recorded $2.37 billion in revenue, down 1.6% sequentially.
Looking at the longer-term picture, WCN's 5-year compound annual growth rate (CAGR) stands at +11.8%, indicating consistent double-digit revenue growth. The company achieved its highest annual revenue of $9.50 billion in 2025, representing a new all-time high.
Revenue diversification analysis shows WCN's business is primarily driven by Solid Waste Collection (71%), Landfill (16%), and Transfer (15%). With over half of revenue concentrated in Solid Waste Collection, the company maintains significant focus in this area while developing other growth vectors.
When compared to Industrials sector peers including WM (+10.9% YoY), RSG (+3.2% YoY), and CWST (+14.9% YoY), WCN has underperformed the peer group in terms of revenue growth. Compare WCN vs WM →
WCN Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| WCNCurrent | $9.6B | +6.4% | +11.8% | 18.1% | |
 WM | $25.2B | +10.9% | +10.6% | 18.3% | |
 RSG | $16.6B | +3.2% | +10.3% | 20.0% | |
 CWST | $1.8B | +14.9% | +18.9% | 4.9% | |
 CLH | $6.0B | +1.9% | +13.9% | 11.2% | |
 CEVA | $107M | +5.5% | +4.2% | -7.1% |
WCN Historical Revenue Data (2014–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $9.50B | +6.5% | $3.70B | 39.0% | $1.72B | 18.1% |
| 2024 | $8.92B | +11.2% | $3.73B | 41.8% | $1.07B | 12.0% |
| 2023 | $8.02B | +11.2% | $3.28B | 40.9% | $1.24B | 15.4% |
| 2022 | $7.21B | +17.2% | $2.88B | 39.9% | $1.24B | 17.2% |
| 2021 | $6.15B | +13.0% | $2.50B | 40.6% | $1.04B | 16.9% |
| 2020 | $5.45B | +1.1% | $2.17B | 39.8% | $412.4M | 7.6% |
| 2019 | $5.39B | +9.5% | $2.19B | 40.6% | $837.8M | 15.5% |
| 2018 | $4.92B | +6.3% | $2.06B | 41.8% | $832.2M | 16.9% |
| 2017 | $4.63B | +37.2% | $1.93B | 41.6% | $627.1M | 13.5% |
| 2016 | $3.38B | +59.4% | $1.42B | 42.0% | $452.3M | 13.4% |
Full WCN Stock Analysis
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Start ComparisonWCN — Frequently Asked Questions
Quick answers to the most common questions about buying WCN stock.
Is WCN's revenue growth accelerating or slowing?
WCN maintains +6.4% revenue growth, in line with its 5-year CAGR of +11.8%. TTM revenue stands at $9.6B. Growth rate remains consistent with historical average.
What is WCN's long-term revenue growth rate?
Waste Connections, Inc.'s 5-year revenue CAGR of +11.8% reflects the sustained expansion pattern. Current YoY growth of +6.4% is near this long-term average.
How is WCN's revenue distributed by segment?
WCN reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2014-2025 are available for download. Segment mix reveals concentration and diversification trends.