Waste Connections, Inc. (WCN)

165.93 +0.15% (+0.25)

Over 5Y: +35.8%

2026-08-28
150 200
2021 2022 2023 2024 2025 2026

Financials Quarterly

Q3 '25 — Revenue: 2.5B Q3 '25 — Operating Cash Flow: 677.4M Q3 '25 — Free Cash Flow: 380.3M Q3 '25 — Net Income: 286.3M Q4 '25 — Revenue: 2.4B Q4 '25 — Operating Cash Flow: 556.9M Q4 '25 — Free Cash Flow: 172.6M Q4 '25 — Net Income: 258.5M Q1 '26 — Revenue: 2.4B Q1 '26 — Operating Cash Flow: 545.6M Q1 '26 — Free Cash Flow: 249M Q1 '26 — Net Income: 219.3M Q2 '26 — Revenue: 2.6B Q2 '26 — Operating Cash Flow: 733.3M Q2 '26 — Free Cash Flow: 430.9M Q2 '26 — Net Income: 296.4M 0 600M 1.2B 1.8B 2.4B 3B
Q3 '25 Q4 '25 Q1 '26 Q2 '26
Revenue Operating Cash Flow Free Cash Flow Net Income

Figures as at 2026-06-30, reported in USD. The newest fact in the filings is dated 2026-06-30, 61 days ago. Nothing on this page is advice.

How it scores

Five questions, each answered by the measures under it. Every figure is the company's own; the bar beside it is where that figure sits among the companies read here — the top fifth, the bottom fifth, or somewhere between. Not among all listed companies, and for a valuation multiple the low end is the good end.

Quality

How much of the revenue is really kept — and what did it take to earn it?

4.8
SBC / sales 0.81%
Oper. margin 17.0%
OE margin 11.8%
ROIC 7.7%
Accruals -6.8%
OCF / EBIT 1.5×
OCF margin 25.7%
ROE 13.4%
FCF margin 12.6%
Gross margin 42.5%
ROA 5.0%
ROCE 8.6%

5 of 17 counted in the score. The rest are measures this model does not include here, or figures these filings do not carry — switch any of them on and the score changes.

Valuation

What does the price ask for what the company earns, owns and pays out?

0.5
Div. yield —
EV/EBIT —
EV/GP —
EV/OE —
EV/Sales —
FCF yield —
Fwd P/E —
P/B —
P/C —
P/E —
PEG —

0 of 12 counted in the score. The rest are measures this model does not include here, or figures these filings do not carry — switch any of them on and the score changes.

Durability

How predictable is the revenue, and how much of it is already committed?

6.7
RPO / sales 0.044×
Segment HHI 0.21 HHI
RPO growth —

4 of 7 counted in the score. The rest are measures this model does not include here, or figures these filings do not carry — switch any of them on and the score changes.

Resilience

Can the balance sheet absorb a bad year?

2.5
ND/EBITDA —
Current ratio 0.82×
Payout 32.8%
F-score 6.0 pts
Debt / Eq 1.2×
Quick ratio 0.66×
Cash / Debt 0.011×
Debt payback 7.5 yr
Cash runway —

3 of 12 counted in the score. The rest are measures this model does not include here, or figures these filings do not carry — switch any of them on and the score changes.

Growth

Is the business getting bigger, and is it getting more profitable?

2.7
Sales CAGR 4Y +11.4%
Sales/sh Y/Y +6.0%
Shares change -0.27%
Div. growth +10.4%
EPS CAGR 4Y +15.3%
EBIT CAGR +8.7%
Sales Q/Q +6.4%
EBIT Y/Y —
EPS Y/Y —
EPS next Y —

3 of 13 counted in the score. The rest are measures this model does not include here, or figures these filings do not carry — switch any of them on and the score changes.

A measure absent from a block could not be computed from this company's filings. It is left out rather than scored as though it were bad, and the dimension is averaged over what remains. A score is measured against a fixed scale this model states; the bar is measured against the other companies, so the two can disagree — and where they do, that disagreement is the more interesting figure.