Waste Connections, Inc.

Waste Connections, Inc.

WCN
Waste Connections, Inc.US flagNew York Stock Exchange
164.87
USD
-1.94
- -
41.56BMarket Cap
Waste Connections, Inc.
WCN
(New York Stock Exchange)

Recent

price

164.87

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
38.23
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
4.15
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
9.84
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
1.36
Dividend per Share
7.99
8.38
10.18
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
Book Value per Share
0.33
-1.03
-1.63
-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
Tangible Book Value per Share
173
169
182
185
186
185
230
264
264
264
263
261
257
258
258
257
255
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
9,764
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
19.45
Operating Margin (%)
147
167
194
244
258
269
464
632
680
744
752
813
919
1,003
1,164
1,232
1,275
Depreciation Expense
135
165
159
196
233
-96
247
577
547
567
205
618
836
763
618
1,077
1,061
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
23.32
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
10.86
Profit Margin (%)
-38
-35
-55
-17
6
-16
51
374
206
123
380
-200
-395
-546
-652
-813
-729
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
9,555
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
7,921
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
8.44
Return on Invested Capital (%)
6.98
7.85
5.69
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 Capital (%)
9.93
11.97
9.72
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
Return on Common Equity (%)

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
- -
- -
- -
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

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  • Insider Transaction: Waste Connections Senior VP Sells 1,750 Shares for $290,500

  • Why Is Waste Connections (WCN) Up 0.2% Since Last Earnings Report?

  • Here's Why Investors Must Hold WCN Stock in Their Portfolios Now

  • 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