Waste Connections, Inc. (WCN)
NYSE: WCN · Real-Time Price · USD
184.08
+2.11 (1.16%)
At close: Oct 30, 2026, 4:00 PM EDT
180.40
-3.68 (-2.00%)
After-hours: Oct 30, 2026, 7:54 PM EDT

Waste Connections Financials Overview

Millions USD. Fiscal year is Jan - Dec.

Revenue & Profits

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingSep '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Revenue
9,9449,4678,9208,0227,2126,151
Revenue Growth
6.30%6.14%11.19%11.23%17.24%12.95%
Gross Profit
4,2384,0123,7283,2772,8762,497
Operating Income
1,9201,7771,2261,2611,2671,078
Net Income
1,1331,077617.57762.8835.66618.05
Earnings Per Share
4.464.172.392.953.242.36
EPS Growth
85.83%74.48%-18.98%-8.95%37.29%203.47%

Revenue by Segment

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingSep '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Commercial Collection
3,0962,9442,6712,4772,1761,813
Residential Collection
2,4522,3652,2592,1251,8911,674
Industrial & Construction
1,4831,4391,4031,3331,184954.18
Landfill
1,6081,5421,5581,4831,3291,233
Transfer
1,5591,4621,3491,1981,026859.11
Recycling
236.5240.06241.87147.04204.88205.08
E&P
792.43688.76521.5232.21210.56138.71
Intermodal & Other
214.8175.47191.89171.72188.47152.19
Eliminations
-1,498-1,389-1,275-1,146-998.07-878.65
Revenue (Total)
9,9449,4678,9208,0227,2126,151

Cash & Debt

Fiscal Year
CurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingSep '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Cash & Investments
98.1445.9762.3794.2496.54147.44
Total Debt
9,7739,1468,4087,0377,1135,282
Net Cash (Debt)
-9,675-9,100-8,346-6,943-7,017-5,135
Net Cash Growth
------
Net Cash Per Share
-38.01-35.27-32.26-26.89-27.19-19.62

Cash Flow & CapEx

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingSep '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Operating Cash Flow
2,5282,4142,2292,1272,0221,698
Capital Expenditures
-1,293-1,194-1,056-934-912.68-744.32
Free Cash Flow
1,2351,2201,1731,1931,110953.91
Free Cash Flow Growth
0.00%3.99%-1.67%7.48%16.34%28.22%

Margins

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingSep '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Gross Margin
42.62%42.37%41.79%40.86%39.88%40.60%
Operating Margin
19.31%18.78%13.74%15.72%17.57%17.52%
Pretax Margin
14.68%14.98%8.55%12.26%14.54%12.53%
Profit Margin
11.40%11.37%6.92%9.51%11.59%10.05%
FCF Margin
12.41%12.88%13.15%14.87%15.39%15.51%

Dividends

Fiscal Year
CurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingOct '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Dividend Per Share
1.5401.2951.1701.0500.9450.845
Dividend Per Share Growth
10.81%10.68%11.43%11.11%11.83%11.18%
Dividend Yield
0.84%0.74%0.68%0.70%0.71%0.62%

Valuation

Fiscal Year
CurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingOct '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
PE Ratio
41.2941.7071.7050.4240.7957.44
Forward PE
30.6231.8833.1532.9432.6737.23
P/FCF Ratio
37.3036.8037.7532.2430.7137.22
PS Ratio
4.634.744.964.794.735.77