Waste Connections
WCN
155.16
+0.54
+0.35%
Waste Connections
US · WCN
#565 by market cap
Listed 1970
155.16
+0.54
+0.35%
Live - 5344 symbols - heartbeat 99s ago
· 2026-10-08 07:33
Pre-market
155.20
+0.03%
After-hours
155.16
0.00%
- Market cap
- 39.03B
- P/E (TTM)i
- 37.48
- P/Bi
- 4.93
- EPSi
- 4.17
- Div yieldi
- 0.88%
- 52W posi
- 27%
Reader sentiment
Are you bullish or bearish on WCN?
Anonymous reader poll. Unscientific, not investment advice.
✦ Quant Financial Health how this is computed
Fair
- Altman Z-Score is 2.85, in the 1.8-3.0 "grey zone".
- Most reliable for industrial/manufacturing companies; less meaningful for banks, insurers and other financials.
Revenue annual, last 8 years
Latest year +6.14% YoY
Margins
- Gross margin
- 42.37%
- Operating margin
- 19.22%
- Net margin
- 11.37%
Key ratios & quality
- Enterprise valuei
- 47.85B
- PEG ratioi
- 4.25
- Altman Z-Scorei
- 2.85
PEG uses trailing P/E against the 3-year net income growth rate (8.81%/yr) since forward earnings estimates aren't available here, so this is not a "forward PEG." Altman Z-Score below ~1.8 suggests financial distress risk, above ~3.0 suggests low risk; the model is most reliable for industrial/manufacturing companies and less meaningful for banks and other financial firms.
Income statement
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 4.92B | 5.39B | 5.45B | 6.15B | 7.21B | 8.02B | 8.92B | 9.47B |
| Gross profit | 2.06B | 2.19B | 2.17B | 2.50B | 2.88B | 3.28B | 3.73B | 4.01B |
| Selling & admin expenses | 524.39M | 546.28M | 537.63M | 612.34M | 696.47M | 799.12M | 883.45M | 959.54M |
| Research & development | -- | -- | -- | -- | -- | -- | -- | -- |
| Operating profit | 852.36M | 899.73M | 879.15M | 1.07B | 1.26B | 1.48B | 1.68B | 1.82B |
| Pretax profit | 707.14M | 705.89M | 253.91M | 770.74M | 1.05B | 983.50M | 762.93M | 1.42B |
| Tax | 159.99M | 139.21M | 49.92M | 152.25M | 212.96M | 220.68M | 146.36M | 341.36M |
| Net profit | 547.15M | 566.68M | 203.99M | 618.49M | 836.00M | 762.83M | 616.57M | 1.08B |
| Basic EPS | 2 | 2 | 1 | 2 | 3 | 3 | 2 | 4 |
| Diluted EPS | 2.07 | 2.14 | 0.78 | 2.36 | 3.24 | 2.95 | 2.39 | 4.17 |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Revenue | 2.23B | 2.41B | 2.46B | 2.37B | 2.37B | 2.56B |
| Gross profit | 936.73M | 1.01B | 1.05B | 1.01B | 1.01B | 1.08B |
| Selling & admin expenses | 250.13M | 242.97M | 236.48M | 229.97M | 251.12M | 260.49M |
| Research & development | -- | -- | -- | -- | -- | -- |
| Operating profit | 396.65M | 463.58M | 499.72M | 459.94M | 443.66M | 496.02M |
| Pretax profit | 312.98M | 389.16M | 374.77M | 341.01M | 283.56M | 383.73M |
| Tax | 71.47M | 98.88M | 88.50M | 82.51M | 64.22M | 87.33M |
| Net profit | 241.51M | 290.28M | 286.27M | 258.50M | 219.34M | 296.40M |
| Basic EPS | 1 | 1 | 1 | 1 | 1 | 1 |
| Diluted EPS | 0.93 | 1.12 | 1.11 | 1.01 | 0.86 | 1.17 |
Balance sheet
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Total current assets | 1.09B | 1.13B | 1.41B | 1.03B | 1.12B | 1.14B | 1.23B | 1.31B |
| Cash & ST investments | 319.31M | 326.74M | 617.29M | 147.44M | 78.64M | 78.40M | 62.37M | 45.97M |
| Inventory | -- | -- | 36.73M | 44.26M | 55.19M | 61.67M | 71.16M | 78.86M |
| Total assets | 12.63B | 13.74B | 13.99B | 14.70B | 17.13B | 17.92B | 19.82B | 21.13B |
| Total current liabilities | 886.84M | 1.01B | 1.03B | 1.23B | 1.51B | 1.69B | 1.88B | 2.12B |
| Short-term debt | 1.79M | 30.39M | 38.94M | 44.04M | 41.93M | 59.00M | 48.34M | 52.94M |
| Long-term debt | 4.15B | 4.35B | 4.71B | 5.04B | 6.89B | 6.72B | 8.07B | 8.81B |
| Total liabilities | 6,167,141,000.00 | 6,799,341,000.00 | 7,128,926,000.00 | 7,706,379,000.00 | 10,020,959,000.00 | 10,218,095,000.00 | 11,957,455,000.00 | 12,883,982,000.00 |
| Total equity | 6.46B | 6.94B | 6.86B | 6.99B | 7.11B | 7.70B | 7.86B | 8.25B |
| Retained earnings | 2.26B | 2.65B | 2.66B | 3.06B | 3.65B | 4.14B | 4.46B | 5.20B |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Total current assets | 1.28B | 1.35B | 1.40B | 1.31B | 1.38B | 1.40B |
| Cash & ST investments | 111.23M | 110.17M | 117.60M | 45.97M | 112.45M | 98.18M |
| Inventory | -- | -- | -- | 78.86M | -- | -- |
| Total assets | 20.25B | 20.68B | 20.78B | 21.13B | 21.19B | 21.40B |
| Total current liabilities | 1.83B | 2.00B | 2.09B | 2.12B | 2.01B | 2.13B |
| Short-term debt | 47.51M | 50.52M | 51.30M | 52.94M | 54.69M | 54.97M |
| Long-term debt | 8.39B | 8.34B | 8.62B | 8.81B | 9.09B | 9.28B |
| Total liabilities | 12,240,317,000.00 | 12,324,953,000.00 | 12,689,127,000.00 | 12,883,982,000.00 | 13,128,736,000.00 | 13,478,234,000.00 |
| Total equity | 8.01B | 8.35B | 8.09B | 8.25B | 8.06B | 7.92B |
| Retained earnings | 4.62B | 4.83B | 5.03B | 5.20B | 5.33B | 5.54B |
Cash flow
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Operating cash flow | 1.41B | 1.54B | 1.41B | 1.70B | 2.02B | 2.13B | 2.23B | 2.41B |
| Depreciation & amortization | 680.49M | 743.92M | 752.40M | 813.01M | 918.96M | 1.00B | 1.16B | 1.23B |
| Free cash flow | 865.09M | 874.46M | 743.96M | 953.91M | 1.11B | 1.19B | 1.17B | 1.22B |
| Dividends paid | -152.55M | -175.07M | -199.88M | -220.20M | -243.01M | -270.60M | -302.26M | -333.81M |
| Stock buybacks / issuance | -56.26M | 4.04M | -104.98M | -338.56M | -424.34M | 794.00K | 2.01M | -505.19M |
| Ending cash balance | 403.97M | 423.22M | 714.39M | 219.62M | 181.36M | 184.04M | 198.17M | 229.58M |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Operating cash flow | 541.54M | 638.20M | 677.45M | 556.88M | 545.60M | 733.29M |
| Depreciation & amortization | 289.95M | 307.66M | 315.33M | 319.17M | 314.75M | 325.88M |
| Free cash flow | 329.08M | 352.89M | 380.28M | 157.45M | 249.00M | 379.89M |
| Dividends paid | -81.48M | -81.47M | -81.00M | -89.86M | -88.75M | -88.36M |
| Stock buybacks / issuance | 324.00K | -389.00K | -441.79M | -63.34M | -283.96M | -330.55M |
| Ending cash balance | 249.45M | 267.47M | 290.59M | 229.58M | 322.65M | 261.58M |
Returns & efficiency
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| ROE %i | 8.60 | 8.47 | 2.97 | 8.93 | 11.86 | 10.31 | 7.94 | 13.37 |
| ROA %i | 4.44 | 4.30 | 1.48 | 4.31 | 5.25 | 4.35 | 3.27 | 5.26 |
| ROIC %i | 6.19 | 6.13 | 2.85 | 6.23 | 7.51 | 6.70 | 5.63 | 7.86 |
| 5-year avg ROE %i | 6.22 | 5.73 | 7.23 | 7.73 | 8.16 | 8.50 | 8.40 | 10.48 |
| EBIT margin %i | 17.05 | 15.83 | 7.64 | 15.18 | 17.35 | 15.68 | 12.22 | 18.51 |
| FCF / sales %i | 17.57 | 16.23 | 13.66 | 15.51 | 15.39 | 14.87 | 13.15 | 12.88 |
| Current ratioi | 1.23 | 1.12 | 1.37 | 0.84 | 0.74 | 0.68 | 0.65 | 0.62 |
| Quick ratioi | 1.05 | 0.98 | 1.26 | 0.74 | 0.63 | 0.57 | 0.55 | 0.53 |
| Debt / assetsi | 32.91 | 33.08 | 34.98 | 35.47 | 41.42 | 39.20 | 42.35 | 43.21 |
| LT debt / equityi | 64.35 | 65.10 | 70.79 | 73.98 | 99.25 | 90.52 | 106.17 | 110.10 |
| Interest coveragei | 6.35 | 5.79 | 2.56 | 5.73 | 6.18 | 4.58 | 3.33 | 5.24 |
| Revenue CAGR (3Y) %i | 32.48 | 16.87 | 5.56 | 7.71 | 10.20 | 13.78 | 13.19 | 9.49 |
| Net income CAGR (3Y) %i | -- | 31.99 | -29.20 | 4.16 | 13.81 | 55.04 | -0.03 | 8.81 |
| FCF CAGR (3Y) %i | 36.77 | 24.73 | 1.67 | 3.31 | 8.27 | 17.04 | 7.13 | 3.20 |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| ROE %i | 7.96 | 7.88 | 7.61 | 13.37 | 13.12 | 13.03 |
| ROA %i | 3.20 | 3.22 | 3.04 | 5.26 | 5.09 | 5.04 |
| ROIC %i | 5.42 | 5.42 | 5.16 | 7.86 | 7.62 | 7.62 |
| 5-year avg ROE %i | -- | -- | -- | -- | -- | -- |
| EBIT margin %i | 12.30 | 12.46 | 12.04 | 18.51 | 18.00 | 17.75 |
| FCF / sales %i | 13.02 | 12.35 | 13.20 | 12.88 | 11.86 | 11.95 |
| Current ratioi | 0.70 | 0.67 | 0.67 | 0.62 | 0.69 | 0.66 |
| Quick ratioi | 0.58 | 0.57 | 0.57 | 0.53 | 0.57 | 0.55 |
| Debt / assetsi | 42.97 | 41.91 | 43.03 | 43.21 | 44.49 | 44.91 |
| LT debt / equityi | 108.00 | 103.14 | 109.87 | 110.10 | 116.31 | 120.62 |
| Interest coveragei | 3.39 | 3.49 | 3.41 | 5.24 | 5.07 | 4.95 |
| Revenue CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
| Net income CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
| FCF CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
✦ Quant Revenue Concentration how this is computed
Diversified
- Commercial is the largest reported line at 30.63% of revenue, across 9 reported segments.
- No single line clears half of revenue; Residential is next at 24.19%, spreading the business across more than one real driver.
Revenue breakdown most recent period
Business
Commercial30.63%
Residential24.19%
Landfill16.30%
Transfer16.08%
Industrial and construction roll off15.03%
Exploration and Production (E&P)8.24%
Recycling2.50%
Other2.45%
Quote time 2026-10-08 07:33:15 · For reference only, not investment advice and not tailored to your situation.