Waste Connections Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	9,467	8,920	8,022	7,212	6,151
Revenue Growth (YoY)	6.14%	11.19%	11.23%	17.24%	12.95%
Cost of Revenue	5,455	5,192	4,745	4,336	3,654
Gross Profit	4,012	3,728	3,277	2,876	2,497
Selling, General & Admin	959.54	883.45	799.12	696.47	612.34
Depreciation & Amortization Expenses	1,232	1,164	1,003	918.96	813.01
Other Operating Expenses	109.71	613.01	238.8	18.23	32.32
Total Operating Expenses	2,301	2,660	2,041	1,634	1,458
Operating Income	1,710	1,068	1,236	1,242	1,040
Interest Income	12.14	11.61	9.35	5.95	2.92
Interest Expense	-334.55	-326.8	-274.64	-202.33	-162.8
Other Non-Operating Income (Expense)	30.15	10.47	12.48	3.15	-109
Total Non-Operating Income (Expense)	-292.26	-304.73	-252.81	-193.23	-268.88
Pretax Income	1,418	762.93	983.5	1,049	770.74
Provision for Income Taxes	341.36	146.36	220.68	212.96	152.25
Net Income	1,077	617.57	762.8	836	618.49
Minority Interest in Earnings	-	1	-0.03	-	-
Net Income to Common	1,077	617.57	762.8	836	618.49
Net Income Growth	74.32%	-19.04%	-8.76%	35.17%	203.19%
Shares Outstanding (Basic)	257	258	258	257	261
Shares Outstanding (Diluted)	258	259	258	258	262
Shares Change (YoY)	-0.27%	0.20%	0.04%	-1.41%	-0.74%
EPS (Basic)	4.18	2.39	2.96	3.25	2.37
EPS (Diluted)	4.17	2.39	2.95	3.24	2.36
EPS Growth	74.48%	-18.98%	-8.95%	37.29%	202.56%
Free Cash Flow	1,220	1,173	1,193	1,110	953.91
Free Cash Flow Growth	3.99%	-1.67%	7.48%	16.34%	28.22%
Free Cash Flow Per Share	4.73	4.53	4.62	4.30	3.64
Dividends Per Share	1.295	1.170	1.050	0.945	0.845
Dividend Growth	10.68%	11.43%	11.11%	11.83%	11.18%
Gross Margin	42.37%	41.79%	40.86%	39.88%	40.60%
Operating Margin	18.06%	11.97%	15.41%	17.22%	16.90%
Profit Margin	11.37%	6.92%	9.51%	11.59%	10.05%
FCF Margin	12.88%	13.15%	14.87%	15.39%	15.51%
EBITDA	2,942	2,231	2,240	2,161	1,853
EBITDA Margin	31.08%	25.02%	27.92%	29.97%	30.12%
EBIT	1,710	1,068	1,236	1,242	1,040
EBIT Margin	18.06%	11.97%	15.41%	17.22%	16.90%
Effective Tax Rate	24.07%	19.18%	22.44%	20.30%	19.75%

Updated Dec 31, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.