Waste Connections, Inc.

Waste Connections, Inc.

WCN
Waste Connections, Inc.US flagNew York Stock Exchange
166.29
USD
+0.76
- -
41.91BMarket 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
38.23
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
4.15
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
9.84
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
1.36
Book Value per Share
11.02
11.98
10.81
21.49
23.79
24.53
26.3
26.1
26.86
27.64
29.86
30.46
32.26
31.41
Tangible Book Value per Share
-0.86
0.13
0.28
0.72
1.9
1.12
0.98
-0.09
-2.11
-5.71
-5.11
-8.07
-8.42
-9.68
Basic Weighted Avg Shares
185
186
185
230
264
264
264
263
261
257
258
258
257
255
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
9,764
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
19.45
Depreciation Expense
244
258
269
464
632
680
744
752
813
919
1,003
1,164
1,232
1,275
Net Income, GAAP
196
233
-96
247
577
547
567
205
618
836
763
618
1,077
1,061
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
23.32
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
10.86
Working Capital
-17
6
-16
51
374
206
123
380
-200
-395
-546
-652
-813
-729
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
9,555
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
7,921
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
8.44
Return on Capital (%)
5.83
6.5
- -
4.61
- -
6.24
6.2
2.89
6.24
7.54
6.75
5.7
7.91
7.69
Return on Common Equity (%)
9.98
10.89
-4.55
6.46
9.68
8.6
8.47
2.97
8.93
11.86
10.31
7.94
13.37
13.03

Capital Structure

FRC

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
53
55
55
LT Borrowings
8,811
9,094
9,284
LT Finance Leases
267
278
271
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
256
254
252
Market Capitalization
44,825
41,295
42,032

Working Capital

FRC

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
1,312
1,376
1,399
Cash, Cash Equivalents & STI
46
112
98
Accounts Receivable, Net
1,025
1,033
1,070
Inventories
79
- -
- -
Total Current Liabilities
2,124
2,007
2,128
Payables & Accruals
1,546
1,466
1,582
ST Debt
53
55
55
Deferred Revenue
416
425
430

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
2,562
- -
- -
- -

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
1.17
- -
- -
- -

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
0.35
- -
- -
- -

Company Description

APIChatGPT
CEO
Ronald J. Mittelstaedt
Full Time Employees
24,214
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

APIChatGPT
  • Waste Connections Renews Normal Course Issuer Bid for Share Repurchases

  • Waste Connections, Inc. $WCN Stake Cut by Cetera Investment Advisers

  • Argent Capital Management LLC Sells 26,822 Shares of Waste Connections, Inc. $WCN

  • Axiom Investment Management LLC Acquires Shares of 8,400 Waste Connections, Inc. $WCN

  • Waste Connections: Turning Moderate Growth Into Exceptional Shareholder Returns

  • Dimensional Fund Advisors LP Grows Stock Holdings in Waste Connections, Inc. $WCN

  • Waste Connections Announces Pricing of C$700 Million of Senior Notes

  • Waste Connections Announces Senior Notes Offering

  • How Waste Connections Is Using AI to Expand Margins and Future Growth

  • Is WCN Stock Worth Its Premium Valuation After Strong Q2 Results?

  • Waste Connections Stock Barely Moves Since Q2 Earnings Beat

  • Why Waste Connections (WCN) is a Top Growth Stock for the Long-Term

  • Waste Connections: Better Margins, But Volume Trend Is Still Weak

  • Waste Connections, Inc. $WCN Shares Sold by Bank of New York Mellon Corp

  • Bank of Nova Scotia Purchases 51,810 Shares of Waste Connections, Inc. $WCN

  • Waste Connections: The Market Is Overpricing Temporary Headwinds

  • Waste Connections Q2 Earnings Call Highlights

  • Waste Connections, Inc. (WCN) Q2 2026 Earnings Call Transcript

  • Waste Connections, Inc. $WCN Shares Sold by Bessemer Group Inc.

  • Waste Connections (WCN) Surpasses Q2 Earnings and Revenue Estimates