Waste Connections Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 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
Revenue	9,609	9,467	8,920	8,022	7,212	6,151
Revenue Growth (YoY)	5.89%	6.14%	11.19%	11.23%	17.24%	12.95%
Cost of Revenue	5,525	5,455	5,192	4,745	4,336	3,654
Gross Profit	4,084	4,012	3,728	3,277	2,876	2,497
Selling, General & Admin	945.53	934.93	855.79	774.09	671.45	592.63
Amortization of Goodwill & Intangibles	201.16	201.54	189.77	157.57	155.68	139.28
Other Operating Expenses	67.91	67.01	482.31	238.8	18.23	13.66
Operating Expenses	2,270	2,234	2,502	2,016	1,609	1,419
Operating Income	1,814	1,777	1,226	1,261	1,267	1,078
Interest Expense	-341.4	-334.55	-326.8	-274.64	-202.33	-162.8
Interest & Investment Income	13.48	12.14	11.61	9.35	5.95	2.92
Currency Exchange Gain (Loss)	5.2	5.5	2.7	-	-	-
Other Non Operating Income (Expenses)	12.37	13.45	-4.23	12.48	3.15	6.29
EBT Excluding Unusual Items	1,504	1,474	909.28	1,009	1,074	924.4
Merger & Restructuring Charges	-15	-24.61	-27.65	-8.93	-25.02	-19.71
Gain (Loss) on Sale of Investments	1.7	-	12	-	-	-
Gain (Loss) on Sale of Assets	-8.5	-12.7	-14.3	-	-	-
Asset Writedown	-	-	-116.1	-	-	-18.66
Legal Settlements	-	-	2.5	-	-	-
Other Unusual Items	-102.05	-30	-2.8	-16.11	-	-115.29
Pretax Income	1,388	1,418	762.93	983.5	1,049	770.74
Income Tax Expense	334.11	341.36	146.36	220.68	212.96	152.25
Earnings From Continuing Operations	1,054	1,077	616.57	762.83	836	618.49
Minority Interest in Earnings	-	-	1	-0.03	-0.34	-0.44
Net Income	1,054	1,077	617.57	762.8	835.66	618.05
Net Income to Common	1,054	1,077	617.57	762.8	835.66	618.05
Net Income Growth	67.62%	74.32%	-19.04%	-8.72%	35.21%	201.96%
Shares Outstanding (Basic)	257	257	258	258	257	261
Shares Outstanding (Diluted)	257	258	259	258	258	262
Shares Change (YoY)	-0.60%	-0.27%	0.20%	0.04%	-1.41%	-0.74%
EPS (Basic)	4.11	4.18	2.39	2.96	3.25	2.37
EPS (Diluted)	4.10	4.17	2.39	2.95	3.24	2.36
EPS Growth	68.76%	74.48%	-18.98%	-8.95%	37.29%	203.47%
Free Cash Flow	1,140	1,220	1,173	1,193	1,110	953.91
Free Cash Flow Per Share	4.43	4.73	4.54	4.62	4.30	3.65
Dividend Per Share	1.330	1.295	1.170	1.050	0.945	0.845
Dividend Growth	10.83%	10.68%	11.43%	11.11%	11.83%	11.18%
Gross Margin	42.50%	42.37%	41.79%	40.86%	39.88%	40.60%
Operating Margin	18.88%	18.78%	13.74%	15.72%	17.57%	17.52%
Profit Margin	10.97%	11.37%	6.92%	9.51%	11.59%	10.05%
Free Cash Flow Margin	11.86%	12.88%	13.15%	14.87%	15.39%	15.51%
EBITDA	3,071	3,010	2,390	2,265	2,186	1,891
EBITDA Margin	31.96%	31.79%	26.79%	28.23%	30.31%	30.74%
D&A For EBITDA	1,257	1,232	1,164	1,003	918.96	813.01
EBIT	1,814	1,777	1,226	1,261	1,267	1,078
EBIT Margin	18.88%	18.78%	13.74%	15.72%	17.57%	17.52%
Effective Tax Rate	24.06%	24.07%	19.18%	22.44%	20.30%	19.75%
Advertising Expenses	-	10.3	9.2	9.1	8.34	7.16

Updated Mar 31, 2026. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q