Waste Connections Ratios and Metrics

Market cap in millions CAD. Fiscal year is January - December.

Millions CAD. Fiscal year is Jan - Dec.

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Feb '26 Feb 18, 2026	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
Market Capitalization	58,110	61,547	63,710	50,789	46,133	44,927
Market Cap Growth	-16.16%	-3.39%	25.44%	10.09%	2.68%	30.79%
Enterprise Value	70,566	73,664	75,757	60,049	54,549	50,991
Last Close Price	227.51	240.72	244.87	195.15	175.68	167.54
PE Ratio	39.37	41.70	71.70	50.42	40.79	57.44
PS Ratio	4.48	4.74	4.96	4.79	4.73	5.77
PB Ratio	5.14	5.44	5.63	5.00	4.79	5.08
P/FCF Ratio	34.75	36.80	37.75	32.24	30.71	37.22
P/OCF Ratio	17.56	18.59	19.86	18.08	16.85	20.91
EV/Sales Ratio	5.45	5.68	5.90	5.67	5.59	6.55
EV/EBITDA Ratio	16.78	17.85	22.03	20.08	18.44	21.31
EV/EBIT Ratio	29.00	30.23	42.95	36.05	31.81	37.38
EV/FCF Ratio	42.20	44.05	44.89	38.12	36.32	42.24
Debt / Equity Ratio	1.11	1.11	1.07	0.91	1.00	0.76
Debt / EBITDA Ratio	2.98	2.98	3.44	3.04	3.19	2.73
Debt / FCF Ratio	7.50	7.50	7.17	5.90	6.41	5.54
Net Debt / Equity Ratio	1.10	1.10	1.06	0.90	0.99	0.73
Net Debt / EBITDA Ratio	3.02	3.02	3.49	3.07	3.21	2.72
Net Debt / FCF Ratio	7.46	7.46	7.12	5.82	6.32	5.38
Asset Turnover	0.46	0.46	0.47	0.46	0.45	0.43
Inventory Turnover	72.73	72.73	78.17	81.20	87.20	90.24
Quick Ratio	0.53	0.53	0.55	0.58	0.64	0.75
Current Ratio	0.62	0.62	0.65	0.68	0.74	0.84
Return on Equity (ROE)	13.37%	13.37%	7.93%	10.30%	11.85%	8.93%
Return on Assets (ROA)	5.43%	5.43%	4.06%	4.50%	4.98%	4.70%
Return on Invested Capital (ROIC)	7.88%	8.04%	6.42%	6.80%	7.69%	7.40%
Return on Capital Employed (ROCE)	9.40%	9.40%	6.80%	7.80%	8.10%	8.00%
Earnings Yield	2.54%	2.40%	1.40%	1.98%	2.45%	1.74%
FCF Yield	2.88%	2.72%	2.65%	3.10%	3.26%	2.69%
Dividend Yield	0.80%	0.74%	0.69%	0.71%	0.73%	0.64%
Payout Ratio	31.71%	31.01%	48.94%	35.48%	29.08%	35.63%
Buyback Yield / Dilution	0.27%	0.27%	-0.20%	-0.04%	1.41%	0.74%
Total Shareholder Return	1.06%	1.00%	0.49%	0.67%	2.14%	1.38%

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.