Waste Connections, Inc.

Waste Connections, Inc.

WCN
Waste Connections, Inc.US flagNew York Stock Exchange
156.11
USD
+0.64
- -
39.66BMarket Cap
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
10.4
11.16
11.43
14.66
17.56
18.67
20.43
20.69
23.55
28.02
31.15
34.58
36.79
37.45
Basic EPS, GAAP
1.06
1.25
-0.52
1.07
2.19
2.07
2.15
0.78
2.37
3.25
2.96
2.39
4.18
4.11
Free Cash Flow per Basic Share
2.61
2.93
3.11
3.45
4.5
5.35
5.84
5.35
6.5
7.86
8.26
8.64
9.38
9.42
Dividend per Share
0.28
0.32
0.36
0.4
0.5
0.58
0.66
0.76
0.84
0.94
1.05
1.17
1.3
1.33
Book Value per Share
6.74
7.63
6.81
24.26
22.92
24.26
25.74
25.42
25.85
26.89
28.8
30
31.02
30.52
Tangible Book Value per Share
-0.84
0.16
0.31
0.86
1.91
1.14
1
-0.07
-2.09
-5.68
-5.09
-8.07
-8.37
-9.03
Basic Weighted Avg Shares
185
186
185
230
264
264
264
263
261
257
258
258
257
257
Sales/Revenue/Turnover
1,929
2,079
2,117
3,376
4,630
4,923
5,389
5,446
6,151
7,212
8,022
8,920
9,467
9,609
Operating Margin (%)
20.61
21.8
20.45
14.22
16.92
17.31
16.7
16.14
17.43
17.48
18.39
18.84
19.22
19.43
Depreciation Expense
244
258
269
464
632
680
744
752
813
919
1,003
1,164
1,232
1,257
Net Income, GAAP
196
233
-96
247
577
547
567
205
618
836
763
618
1,077
1,054
Effective Tax Rate (%)
38.92
39.5
- -
31.56
- -
22.62
19.72
19.66
19.75
20.3
22.44
19.18
24.07
24.06
Profit Margin (%)
10.14
11.18
-4.52
7.3
12.46
11.11
10.52
3.76
10.05
11.59
9.51
6.92
11.37
10.97
Working Capital
-17
6
-16
51
374
206
123
380
-200
-395
-546
-652
-813
-631
LT Debt
2,068
1,971
2,147
3,617
3,900
4,153
4,514
4,856
5,170
7,056
6,963
8,345
9,078
9,372
Total Equity
2,048
2,234
1,992
5,655
6,274
6,460
6,938
6,863
6,994
7,114
7,698
7,860
8,245
8,058
Return on Invested Capital (%)
5.9
6.6
- -
4.91
- -
6.35
6.55
6.09
7.19
7.61
7.91
8.77
8.22
8.3
Return on Capital (%)
7.2
8.05
- -
4.9
- -
6.32
6.26
2.93
6.35
7.67
6.86
5.77
8
7.76
Return on Common Equity (%)
16.63
17.41
-7.14
7.2
9.92
8.79
8.6
3.04
9.2
12.23
10.64
8.15
13.69
13.4

Capital Structure

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
51
53
55
LT Borrowings
8,621
8,811
9,094
LT Finance Leases
270
267
278
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
256
256
254
Market Capitalization
45,337
45,126
41,685

Working Capital

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
1,404
1,312
1,376
Cash, Cash Equivalents & STI
118
46
112
Accounts Receivable, Net
1,070
1,025
1,033
Inventories
- -
79
- -
Total Current Liabilities
2,088
2,124
2,007
Payables & Accruals
1,536
1,546
1,466
ST Debt
51
53
55
Deferred Revenue
412
416
425

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
22.3%
3.77%
4.9%
Free Cash Flow
16.45%
11.59%
8.31%
Net Income, GAAP
-0.52%
56.75%
74.32%
Sales/Revenue/Turnover
17.22%
11.75%
6.14%
Total Cash Common Dividend
18.14%
10.8%
10.44%

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
2,073
2,248
2,338
2,260
8,920
2025
2,228
2,407
2,458
2,373
9,467
2026
2,371
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.89
1.07
1.19
-0.76
2.39
2025
0.94
1.12
1.11
1.01
4.18
2026
0.86
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.29
0.29
0.29
0.31
1.17
2025
0.32
0.32
0.32
0.35
1.3
2026
0.35
- -
- -
- -
- -

Company Description

MCPAPIChat
CEO
Ronald J. Mittelstaedt
Full Time Employees
23,854
Sector
Industrials
Industry
Waste Management
Address
6220 Highway 7 Woodbridge ON Canada L4H 4G3
IPO Date
May 22, 1998
Business
Waste Connections, Inc. stands as a prominent integrated solid waste services company across North America, delivering essential collection, transfer, disposal, and resource recovery solutions for non-hazardous waste. The company caters to a diverse clientele, encompassing residential, commercial, municipal, and industrial segments, alongside specialized services for exploration and production (E&P) customers in the oil and natural gas sector. Their core offerings include comprehensive waste collection, advanced landfill operations, and a robust suite of recycling services that process various materials such as paper, plastics, glass, and metals. Waste Connections also manages a network of transfer stations, efficiently consolidating and transporting waste via truck, rail, or barge to designated disposal or treatment sites. Additionally, the company provides intermodal services in the Pacific Northwest for the rail transport of cargo and solid waste containers. For the E&P sector, Waste Connections offers specialized treatment, recovery, and disposal of drilling fluids, drill cuttings, completion fluids, flowback water, and other associated wastes. As of recent reporting, Waste Connections operates an expansive infrastructure, including hundreds of collection operations, numerous transfer stations, a substantial number of municipal solid waste landfills, specialized E&P waste landfills, non-municipal solid waste landfills, and recycling facilities. The company also maintains E&P liquid waste injection wells and treatment sites for oil recovery. Waste Connections has historically focused on secondary and rural markets, leveraging a decentralized operating model that allows for localized decision-making and strong market share in less competitive areas. Headquartered in The Woodlands, Texas, the company was established in 1997. Waste Connections continues its strategic growth through acquisitions, expanding its geographic footprint and service capabilities, and has recently reported strong financial performance with increasing revenues and dividends. The company emphasizes sustainability, investing in recycling technologies and landfill gas-to-energy projects.

Company News

MCPAPIChat
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  • Waste Connections Annual Shareholders Meeting Results

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  • Analyzing WCN's Growth Drivers & Market Expansion Amid Liquidity Risks

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  • Waste Connections Stock Gains 3.2% Since Q1 Earnings Beat

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  • Waste Connections, Inc. (WCN) Q1 2026 Earnings Call Transcript

  • Waste Connections (TSE:WCN) Shares Cross Below 50 Day Moving Average – What’s Next?

  • Waste Connections (WCN) Surpasses Q1 Earnings and Revenue Estimates

  • Waste Connections Reports First Quarter 2026 Results

  • Waste Connections Announces Regular Quarterly Cash Dividend

  • Q1 2026 In Review - March Dividend Income Report