Waste Connections, Inc.

Waste Connections, Inc.

258.95
CAD
+22.50
(+9.52%)
5.88EPS
40.11P/E
59.61BMarket Cap
Feb 17Next Earn

Total Valuation

CAD

As of June 30, 2026, Waste Connections, Inc. carries a market capitalization of 59.61B, placing it among publicly traded companies globally. Its enterprise value stands at 73.11B, reflecting the total theoretical takeover cost after accounting for cash holdings and debt obligations.

Market Cap59.61B
Enterprise Value73.11B

Important Dates

Waste Connections, Inc.'s next confirmed earnings release is scheduled for February 17, 2027.

Earnings Date2/17/2027

Share Statistics

As of June 30, 2026, Waste Connections, Inc. has 252.15M shares outstanding.

Shares Outstanding252.15M

Valuation Ratios

As of June 30, 2026, Waste Connections, Inc. trades at a trailing price-to-earnings ratio of 40.11. The price-to-sales ratio is 4.36, and the price-to-book ratio stands at 5.30.

PE Ratio40.11
PS Ratio4.36
PB Ratio5.30
P/TBV Ratio-17.21
P/FCF Ratio16.96
P/OCF Ratio16.93

Enterprise Valuation

As of June 30, 2026, Waste Connections, Inc. trades at an EV/EBITDA multiple of 17.54 - the valuation measure that neutralizes differences in capital structure, tax rates, and depreciation policy, making it the standard yardstick for comparing companies across an industry. The EV/Sales ratio of 5.28 reflects the premium investors pay for the company's revenue stream, a useful check when earnings are depressed or negative. Its EV/EBIT multiple of 30.99 values the business against core operating earnings after depreciation, a stricter test than EV/EBITDA for capital-intensive businesses. Waste Connections, Inc. trades at an EV/FCF ratio of 18.52, comparing the total takeover cost of the business to the cash it actually generates for all capital providers. These enterprise value multiples are built on an enterprise value of 73.11B versus a market cap of 59.61B, with the gap driven by net debt and cash on the balance sheet.

EV / Sales5.28
EV / EBITDA17.54
EV / EBIT30.99
EV / FCF18.52

Financial Position

As of June 30, 2026, Waste Connections, Inc. maintains a current ratio of 0.66, meaning it holds 0.7x the short-term assets needed to cover near-term liabilities. The debt-to-equity ratio is 121.32, indicating elevated leverage, while an interest coverage ratio of 8.40 demonstrates adequate ability to service its debt obligations.

Current Ratio0.66
Quick Ratio0.55
Debt / Equity121.32
Debt / EBITDA3.27
Interest Coverage8.40

Financial Efficiency

CAD

Over the twelve months ended June 30, 2026, Waste Connections, Inc. posted a return on equity (ROE) of 13.03, showing how much profit the company earns on every dollar of shareholder capital. Return on invested capital (ROIC) comes in at 7.39 - the clearest signal of whether the business earns more on its capital than that capital costs, and the core measure of a durable competitive advantage. Return on assets (ROA) stands at 5.04, measuring how efficiently the asset base is converted into earnings. Return on capital employed (ROCE) is 7.69, useful for judging operating efficiency across full business cycles. The company generates approximately 574,409.54 in revenue per employee across its workforce of 24,124.00, a quick read on workforce productivity versus industry peers.

Return on Equity (ROE)13.03
Return on Assets (ROA)5.04
Return on Invested Capital (ROIC)7.39
Return on Capital Employed (ROCE)7.69
Revenue Per Employee574,409.54
Employee Count24,124.00

Taxes

CAD

Over the twelve months ended June 30, 2026, Waste Connections, Inc. recorded 457.77M in income tax expense. That works out to an effective tax rate of 23.32, which can sit above or below the statutory corporate tax rate depending on foreign earnings mix, tax credits, and one-off items. Taxes are levied on pretax income of 1.96B, leaving 1.51B in net income after tax - the gap is what shifts in the tax rate do to reported earnings and EPS.

Income Tax457.77M
Effective Tax Rate23.32

Stock Price Statistics

CAD

As of the close on October 22, 2026, Waste Connections, Inc.'s stock has gained approximately 3.82% over the past 52 weeks. The 50-day moving average sits at 226.21, while the 200-day moving average is 226.17.

52-Week Price Change3.82%
50-Day Moving Average226.21
200-Day Moving Average226.17

Income Statement

CAD

Over the twelve months ended June 30, 2026, Waste Connections, Inc. generated 13.86B in revenue and converted that into 1.51B in net income, yielding earnings per share of 5.88. EBITDA reached 4.17B, while operating income came in at 2.70B.

Revenue13.86B
Gross Profit5.89B
Operating Income2.70B
Pretax Income1.96B
Net Income1.51B
EBITDA4.17B
EBIT2.36B
Earnings Per Share (EPS)5.88

Balance Sheet

CAD

As of June 30, 2026, Waste Connections, Inc. holds 139.34M in cash and equivalents against 13.64B in total debt, resulting in a net debt position of 13.05B. Total book value stands at 11.24B, with working capital of -1.03B providing operational flexibility.

Cash & Cash Equivalents139.34M
Total Debt13.64B
Net Debt13.05B
Equity (Book Value)11.24B
Book Value Per Share44.58
Working Capital-1.03B

Cash Flow

CAD

Waste Connections, Inc. produced 3.57B in operating cash flow over the twelve months ended June 30, 2026.

Operating Cash Flow3.57B
Free Cash Flow3.57B
FCF Per Share13.97

Margins

Over the twelve months ended June 30, 2026, Waste Connections, Inc. posted a gross margin of 42.53, reflecting its pricing power and cost economics. The operating margin of 19.45 and net profit margin of 10.86 provide insight into operational efficiency.

Gross Margin42.53
Operating Margin19.45
Pretax Margin14.17
Profit Margin10.86
EBITDA Margin30.08

Dividends & Yields

CAD

Over the twelve months ended June 30, 2026, Waste Connections, Inc. paid dividends of 1.93 per share. The dividend payout ratio of 32.81 indicates the proportion of earnings distributed to shareholders, a key gauge of how sustainable the dividend is and how much room remains for future dividend growth. Free cash flow yield stands at 5.90, showing how much cash the business generates relative to its market value - dividends covered by free cash flow are generally more durable than those funded by debt. Total shareholder yield reaches 1.31, combining dividends paid with share buybacks and debt reduction for a fuller picture of capital returned to Waste Connections, Inc. shareholders.

Dividend Per Share1.93
Payout Ratio32.81
Shareholder Yield1.31
FCF Yield5.90

Stock Splits

Waste Connections, Inc.'s most recent stock split took place on June 19, 2017 with a 2:3 split ratio.

Last Split Date6/19/2017
Split Ratio2:3

Scores

As of June 30, 2026, Waste Connections, Inc. has an Altman Z-Score of 3.95, well above the 3.0 threshold that indicates strong financial health and minimal bankruptcy risk.

Altman Z-Score3.95