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Waste Connections, Inc.

Waste Connections, Inc.

WCN.TO
Waste Connections, Inc.CA flagToronto Stock Exchange
209.10
CAD
+2.98
- -
53.13BMarket Cap
Waste Connections, Inc.
WCN.TO
(Toronto Stock Exchange)

Recent

price

209.62

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
7.61
8.9
9.14
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
37.46
Revenue per Share
0.78
0.98
0.88
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
Basic EPS, GAAP
1.14
2.3
2.29
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
9.43
Free Cash Flow per Basic Share
0.05
0.21
0.24
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
Dividend per Share
4.96
5.85
6.08
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
30.54
Book Value per Share
0.35
-0.99
-1.62
-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
Tangible Book Value per Share
173
169
182
185
186
185
230
264
264
264
263
261
257
258
258
257
257
Basic Weighted Avg Shares
1,320
1,505
1,662
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
Sales/Revenue/Turnover
20.68
21.17
18.91
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
Operating Margin (%)
147
167
194
244
258
269
464
632
680
744
752
813
919
1,003
1,164
1,232
1,257
Depreciation Expense
135
165
159
196
233
-96
247
577
547
567
205
618
836
763
618
1,077
1,054
Net Income, GAAP
39.62
39.16
39.77
38.92
39.5
- -
31.56
- -
22.62
19.72
19.66
19.75
20.3
22.44
19.18
24.07
24.06
Effective Tax Rate (%)
10.24
10.98
9.57
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
Profit Margin (%)
-38
-35
-55
-17
6
-16
51
374
206
123
380
-200
-395
-546
-652
-813
-631
Working Capital
910
1,173
2,205
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
LT Debt
1,370
1,400
1,883
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
Total Equity
7.27
7.97
5.66
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 Invested Capital (%)
9.29
9.66
6.9
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 Capital (%)
16.96
17.87
15.19
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
Return on Common Equity (%)

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
45,358
45,131
41,680

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
- -
1.01
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
- -
0.35
1.3
2026
0.35
- -
- -
- -
- -
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Business
Waste Connections, Inc. (TSX: WCN) provides non-hazardous waste collection, transfer, disposal and resource recovery services primarily in the United States and Canada. The company offers solid waste collection services for commercial, industrial, municipal and residential customers; landfill disposal and recycling operations; intermodal services for the rail transportation of cargo and solid waste containers; and fluid collection, recovery and disposal services for energy-related activities, including the production and transportation of crude oil and natural gas liquids, as well as waste by-products from oil and natural gas exploration and production activity. It operates through segments including Western U.S., Eastern U.S., Canada and Exploration and Production Waste, serving a diverse customer base that includes businesses, municipalities and energy companies across more than 40 states and six Canadian provinces. Founded in 1997 and headquartered in Vaughan, Ontario, Canada, the company has expanded its footprint through strategic acquisitions and organic growth. Recent developments include the acquisition of several regional solid waste companies in 2024 and 2025 to bolster its market position in key U.S. regions; a major partnership with renewable energy firms to enhance recycling capabilities; and the launch of expanded exploration and production waste services amid rising North American energy production. [ from previous searches on company profile][ from previous website fetch]