WCN

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Waste Connections, Inc.

Recurring revenueTags from an AI model reading the company description.

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Key Metrics

Previous Close: $150.66
52-Week Range: $146.89 – $179.74
Market Cap: $38.70B
P/E (TTM): 37.15
EPS (TTM): 4.14
Dividend Yield: 0.91%

Advanced Metrics

Price/Book: 4.90
PEG Ratio: 1.51
Return on Equity: 13.03%
Return on Assets: 5.49%
Gross Margin: 42.53%
Operating Margin: 19.70%
Profit Margin: 10.86%
Current Ratio: 0.66
Debt/Equity: 1.22
Total Debt: $9.64B
Free Cash Flow: $1.05B
Revenue Growth: 6.40%
Earnings Growth: 4.40%
Enterprise Value: $48.31B

WCN Income statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Revenue	$7.21B	$8.02B	$8.92B	$9.47B
Cost of Revenue	$4.34B	$4.74B	$5.19B	$5.46B
Gross Profit	$2.88B	$3.28B	$3.73B	$4.01B
Selling, General & Admin	$696.47M	$799.12M	$883.45M	$959.54M
Operating Expenses	$1.62B	$1.80B	$2.05B	$2.19B
Operating Income	$1.26B	$1.48B	$1.68B	$1.82B
EBITDA	$2.17B	$2.26B	$2.25B	$2.98B
Pretax Income	$1.05B	$983.50M	$762.93M	$1.42B
Income Tax	$212.96M	$220.68M	$146.36M	$341.36M
Net Income	$835.66M	$762.80M	$617.57M	$1.08B
Diluted EPS	3.24	2.95	2.39	4.17
Diluted Shares	258.04M	258.15M	258.66M	257.98M

WCN Balance Sheet statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Cash & Equivalents	$78.64M	$78.40M	$62.37M	$45.97M
Receivables	$876.92M	$885.08M	$972.63M	$1.07B
Inventory	$55.19M	$61.67M	$71.16M	$78.86M
Current Assets	$1.12B	$1.14B	$1.23B	$1.31B
Total Assets	$17.13B	$17.92B	$19.82B	$21.13B
Current Liabilities	$1.51B	$1.69B	$1.88B	$2.12B
Long-Term Debt	$6.89B	$6.72B	$8.07B	$8.81B
Total Debt	$7.10B	$7.02B	$8.39B	$9.13B
Total Liabilities	$10.02B	$10.22B	$11.96B	$12.88B
Retained Earnings	$3.65B	$4.14B	$4.46B	$5.20B
Shareholders' Equity	$7.11B	$7.69B	$7.86B	$8.25B
Working Capital	-$395.00M	-$546.15M	-$651.92M	-$812.70M
Net Debt	$6.82B	$6.67B	$8.02B	$8.77B

WCN Cash Flow statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Operating Cash Flow	$2.02B	$2.13B	$2.23B	$2.41B
Capital Expenditure	-$912.68M	-$934.00M	-$1.06B	-$1.19B
Free Cash Flow	$1.11B	$1.19B	$1.17B	$1.22B
Depreciation & Amortisation	$918.96M	$1.00B	$1.16B	$1.23B
Stock-Based Compensation	$63.48M	$70.44M	$77.89M	$79.45M
Investing Cash Flow	-$3.09B	-$1.58B	-$3.16B	-$2.02B
Financing Cash Flow	$1.03B	-$544.40M	$944.95M	-$360.04M
Dividends Paid	-$243.01M	-$270.60M	-$302.26M	-$333.81M
Share Repurchases	-$425.00M	$0.00	$0.00	-$505.52M
Net Change in Cash	-$36.22M	$1.33M	$14.70M	$30.79M

WCN Income statement, quarterly periods, in USD
USD	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Revenue	$2.41B	$2.46B	$2.37B	$2.37B	$2.56B
Cost of Revenue	$1.39B	$1.41B	$1.36B	$1.36B	$1.48B
Gross Profit	$1.01B	$1.05B	$1.01B	$1.01B	$1.08B
Selling, General & Admin	$242.97M	$236.48M	$229.97M	$251.12M	$260.49M
Operating Expenses	$550.62M	$551.81M	$549.14M	$565.87M	$586.37M
Operating Income	$463.57M	$499.72M	$459.94M	$443.66M	$496.02M
EBITDA	$779.57M	$774.55M	$746.65M	$686.03M	$800.81M
Pretax Income	$389.16M	$374.77M	$341.01M	$283.56M	$383.73M
Income Tax	$98.88M	$88.50M	$82.51M	$64.22M	$87.33M
Net Income	$290.28M	$286.27M	$258.50M	$219.34M	$296.40M
Diluted EPS	1.12	1.11	1.01	0.86	1.17
Diluted Shares	258.98M	257.58M	256.47M	255.87M	253.86M

WCN Balance Sheet statement, quarterly periods, in USD
USD	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Cash & Equivalents	$110.17M	$117.60M	$45.97M	$112.45M	$98.18M
Receivables	$1.03B	$1.07B	$1.07B	$1.03B	$1.07B
Inventory	—	—	$78.86M	—	—
Current Assets	$1.35B	$1.40B	$1.31B	$1.38B	$1.40B
Total Assets	$20.68B	$20.78B	$21.13B	$21.19B	$21.40B
Current Liabilities	$2.00B	$2.09B	$2.12B	$2.01B	$2.13B
Long-Term Debt	$8.34B	$8.62B	$8.81B	$9.09B	$9.28B
Total Debt	$8.67B	$8.94B	$9.13B	$9.43B	$9.61B
Total Liabilities	$12.32B	$12.69B	$12.88B	$13.13B	$13.48B
Retained Earnings	$4.83B	$5.03B	$5.20B	$5.33B	$5.54B
Shareholders' Equity	$8.35B	$8.09B	$8.25B	$8.06B	$7.92B
Working Capital	-$651.46M	-$683.98M	-$812.70M	-$631.15M	-$728.98M
Net Debt	$8.24B	$8.51B	$8.77B	$8.99B	$9.19B

WCN Cash Flow statement, quarterly periods, in USD
USD	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Operating Cash Flow	$638.20M	$677.45M	$556.88M	$545.60M	$733.29M
Capital Expenditure	-$285.31M	-$297.17M	-$399.43M	-$296.60M	-$353.40M
Free Cash Flow	$352.89M	$380.28M	$157.45M	$249.00M	$379.89M
Depreciation & Amortisation	$307.66M	$315.33M	$319.17M	$314.75M	$325.88M
Stock-Based Compensation	$18.52M	$18.48M	$19.02M	$17.59M	$23.95M
Investing Cash Flow	-$416.76M	-$413.94M	-$589.33M	-$355.70M	-$606.25M
Financing Cash Flow	-$205.86M	-$239.01M	-$28.55M	-$96.14M	-$186.39M
Dividends Paid	-$81.47M	-$81.00M	-$89.86M	-$88.75M	-$88.36M
Share Repurchases	-$389.00K	-$441.79M	-$63.34M	-$283.96M	-$330.55M
Net Change in Cash	$15.58M	$24.49M	-$61.00M	$93.76M	-$59.35M

Market Snapshot

About

Waste Connections, Inc. is a leading integrated solid waste services company providing collection, transfer, disposal, and recycling services primarily in exclusive and secondary markets across the United States and Canada. The company operates through a network of landfills, transfer stations, and recycling facilities. Waste Connections focuses on acquiring and consolidating waste management operations in less competitive markets.