Waste Connections, Inc. (WCN)
NYSE: WCN · Real-Time Price · USD
166.71
-0.68 (-0.41%)
At close: Aug 7, 2026, 4:00 PM EDT
167.05
+0.34 (0.20%)
After-hours: Aug 7, 2026, 7:59 PM EDT

Waste Connections Financials Overview

Millions USD. Fiscal year is Jan - Dec.

Revenue & Profits

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Revenue
9,7649,4678,9208,0227,2126,151
Revenue Growth
5.74%6.14%11.19%11.23%17.24%12.95%
Gross Profit
4,1534,0123,7283,2772,8762,497
Operating Income
1,8491,7771,2261,2611,2671,078
Net Income
1,0611,077617.57762.8835.66618.05
Earnings Per Share
4.144.172.392.953.242.36
EPS Growth
66.88%74.48%-18.98%-8.95%37.29%203.47%

Revenue by Segment

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Commercial Collection
3,0462,9442,6712,4772,1761,813
Residential Collection
2,4212,3652,2592,1251,8911,674
Industrial & Construction
1,4681,4391,4031,3331,184954.18
Landfill
1,5791,5421,5581,4831,3291,233
Transfer
1,5271,4621,3491,1981,026859.11
Recycling
227.15240.06241.87147.04204.88205.08
E&P
758.47688.76521.5232.21210.56138.71
Intermodal & Other
197.13175.47191.89171.72188.47152.19
Eliminations
-1,460-1,389-1,275-1,146-998.07-878.65
Revenue (Total)
9,7649,4678,9208,0227,2126,151

Cash & Debt

Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Cash & Investments
100.5245.9762.3794.2496.54147.44
Total Debt
9,6399,1468,4087,0377,1135,282
Net Cash (Debt)
-9,538-9,100-8,346-6,943-7,017-5,135
Net Cash Growth
------
Net Cash Per Share
-37.27-35.27-32.26-26.89-27.19-19.62

Cash Flow & CapEx

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Operating Cash Flow
2,5132,4142,2292,1272,0221,698
Capital Expenditures
-1,296-1,194-1,056-934-912.68-744.32
Free Cash Flow
1,2181,2201,1731,1931,110953.91
Free Cash Flow Growth
6.78%3.99%-1.67%7.48%16.34%28.22%

Margins

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Gross Margin
42.53%42.37%41.79%40.86%39.88%40.60%
Operating Margin
18.94%18.78%13.74%15.72%17.57%17.52%
Pretax Margin
14.17%14.98%8.55%12.26%14.54%12.53%
Profit Margin
10.86%11.37%6.92%9.51%11.59%10.05%
FCF Margin
12.47%12.88%13.15%14.87%15.39%15.51%

Dividends

Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingAug '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Dividend Per Share
1.4001.2951.1701.0500.9450.845
Dividend Per Share Growth
11.11%10.68%11.43%11.11%11.83%11.18%
Dividend Yield
0.84%0.74%0.69%0.72%0.73%0.64%

Valuation

Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingAug '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
PE Ratio
40.2641.7071.7050.4240.7957.44
Forward PE
28.6131.8833.1532.9432.6737.23
P/FCF Ratio
34.5136.8037.7532.2430.7137.22
PS Ratio
4.304.744.964.794.735.77