Company Overview
Waste Connections, Inc. provides non-hazardous waste collection, transfer, and disposal services in the United States and Canada. It offers collection services to residential, commercial, municipal, industrial, and exploration and production (E&P) customers; landfill disposal services; and recycling services for various recyclable materials, including compost, cardboard, mixed paper, plastic containers, glass bottles, and ferrous and aluminum metals. The company owns and operates transfer stations that receive, compact, and/or load waste to be transported to landfills or treatment facilities through truck, rail, or barge; develops, owns, and operates projects or the beneficial reuse of landfill gas through landfill network; and intermodal services for the movement of cargo and solid waste containers. In addition, it provides E&P waste treatment, recovery, and disposal services for waste created through the initial drilling and completion of an oil or natural gas well, such as drilling fluids, drill cuttings, completion fluids, and flowback water; production wastes and produced water during a well's operating life; contaminated soils that require treatment during site reclamation; and substances, which require clean-up after a spill, reserve pit clean-up, or pipeline rupture. Waste Connections, Inc. was founded in 1997 and is based in Woodbridge, Canada.
Why Investors Should Care
Net profit has compounded at 16.6% per year over the last five years.
Revenue has grown at a 16.4% CAGR over the past five years.
Operating margin of 19.7% supports profitability.
Generates positive free cash flow, funding growth and shareholder returns internally.
Recent Developments
- Dec 2025 Revenue of $9.47B (+6.1% YoY); net profit $1.08B.
- Trailing 12 Months Year-on-year growth — revenue +6.4%, earnings +4.4%.
- 5-Year Trend Long-term compounding — revenue CAGR 16.4%, profit CAGR 16.6%.
Growth & Price Performance
Compounded Sales Growth
| 5 Years: | 16.37% |
| 1 Year: | 6.40% |
Compounded Profit Growth
| 5 Years: | 16.56% |
| 1 Year: | 4.40% |
Stock Price Performance
| 1 Year: | -10.49% |
| 6 Months: | -2.49% |
| 3 Months: | +6.65% |
| 1 Month: | -1.31% |
Highlights auto-generated from reported financials and price data; not investment advice. Verify with official filings before acting.
- Price vs 50-DMABelow
- Price vs 200-DMAAbove
- RSI (14)46.86 · Neutral
P/E of 39.90 is above the sector median of 26.00 — pricier than peers.
Auto-generated from price history and fundamentals; not investment advice.
Price Chart
Technical Trend
Computed from daily close history using EMA cross, slope, and RSI signals.
Note: intraday data is not stored locally. “Hourly” uses the most recent 10 daily candles as a short-term proxy.
Fundamental Growth Charts
No fundamental data available for this stock.
Interactive charts for Revenue, Net Income, EBITDA, Free Cash Flow, EPS, ROE, ROCE, Gross/Net/Operating Margin and more — switch metric and period using the dropdowns above. CAGR is computed across the displayed window (quarterly CAGR is annualised). Visual growth charts make it easy to spot multi-year compounding trends at a glance — far faster than reading raw numbers in a table.
PROS
- Compounding revenue at 16.4% over 5 years.
- Profit CAGR of 16.6% over 5 years.
- Generates positive free cash flow.
- In a confirmed uptrend (50-DMA above 200-DMA).
CONS
No notable concerns flagged.
* The pros and cons are auto-generated from financial metrics.
Valuation
Growth (CAGR)
Profitability & Returns
Balance Sheet & Liquidity
Ownership
Financial Snapshot
Peer comparison
Peer companies in the same sector (Industrials).
| # | Name | CMP $ | P/E | Mkt Cap | Div Yld % | ROCE % | ROE % | Rev CAGR 5Y % | Profit CAGR 5Y % |
|---|---|---|---|---|---|---|---|---|---|
| 1 | WCN Waste Connections, Inc. | 165.19 | 39.90 | $41.56B | 0.90% | 9.58% | 13.03% | 16.37% | 16.56% |
| 2 | SPCX Space Exploration Technologies Corp. R3KAIDEFENCE | 153.47 | -139.52 | $1.16T | 0.00% | -3.22% | -11.95% | 34.08% | -3.34% |
| 3 | CAT Caterpillar Inc. SPXR3K | 822.48 | 35.47 | $378.07B | 0.79% | 17.98% | 56.97% | 2.29% | 5.24% |
| 4 | GE GE Aerospace SPXR3KDEFENCE | 334.91 | 39.40 | $347.49B | 0.60% | 9.52% | 48.23% | -7.42% | -5.36% |
| 5 | RTX RTX Corporation SPXR3KDEFENCE | 198.81 | 35.06 | $267.95B | 1.51% | 8.28% | 12.27% | 2.61% | 2.62% |
| 6 | GEV GE Vernova Inc. SPXR3KAI | 971.31 | 27.86 | $258.69B | 0.22% | 6.30% | 82.58% | 8.68% | - |
| 7 | DE Deere & Company SPXR3K | 680.73 | 37.88 | $183.54B | 0.95% | 12.53% | 18.24% | 3.43% | 5.10% |
| 8 | UNP Union Pacific Corporation SPXR3K | 288.45 | 23.38 | $171.36B | 2.01% | 15.22% | 39.70% | 2.30% | 7.77% |
| 9 | BA The Boeing Company SPXR3KDEFENCE | 210.73 | 75.80 | $166.43B | 0.00% | -9.01% | - | 1.67% | -3.28% |
Financial Statements Quarterly Results · Profit & Loss · Balance Sheet · Cash Flows · Ratios
Quarterly Results
Figures in USD.
| Metric | Dec 2015 | Mar 2016 | Jun 2016 | Sep 2016 | Dec 2016 | Mar 2017 | Jun 2017 | Sep 2017 | Dec 2017 | Mar 2018 | Jun 2018 | Sep 2018 | Dec 2018 | Mar 2019 | Jun 2019 | Sep 2019 | Dec 2019 | Mar 2020 | Jun 2020 | Sep 2020 | Dec 2020 | Mar 2021 | Jun 2021 | Sep 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | 1.18B | 1.21B | - | 1.14B | 1.24B | 1.28B | - | 1.24B | 1.37B | 1.41B | - | 1.35B | 1.31B | 1.39B | - | 1.40B | 1.53B | 1.60B | 1.65B | 1.82B | 1.88B | 1.90B | 2.02B | 2.06B | 2.07B | 2.25B | 2.34B | - | - | 2.41B | 2.46B | 2.37B | 2.37B | 2.56B |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.39B | 1.41B | 1.36B | 1.36B | 1.48B |
| Gross Profit | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.01B | 1.05B | 1.01B | 1.01B | 1.08B |
| Operating Expenses | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 550.62M | 551.81M | 549.14M | 565.87M | 586.37M |
| Operating Income | 101.73M | 90.98M | 63.49M | 158.67M | 139.16M | 26.40M | 206.91M | 218.77M | 175.01M | 188.71M | 210.69M | 232.87M | 199.98M | 184.86M | 222.13M | 236.60M | 194.18M | 216.96M | -232.36M | 230.68M | 197.14M | 238.37M | 266.79M | 285.14M | 273.86M | 329.59M | 326.77M | 314.69M | 344.13M | 352.98M | 366.80M | 424.70M | 475.34M | - | - | 463.57M | 499.72M | 459.94M | 443.66M | 496.02M |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 779.57M | 774.55M | 746.65M | 686.03M | 800.81M |
| Interest Expense | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 82.75M | 84.45M | 86.48M | 87.72M | 91.20M |
| Pretax Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 389.16M | 374.77M | 341.01M | 283.56M | 383.73M |
| Tax Provision | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 98.88M | 88.50M | 82.51M | 64.22M | 87.33M |
| Net Income | 52.06M | 44.84M | 27.49M | 88.62M | 85.59M | 14.87M | 123.66M | 123.23M | 315.09M | 124.87M | 138.68M | 150.84M | 132.48M | 125.62M | 148.85M | 159.11M | 133.26M | 143.03M | -227.07M | 158.05M | 130.66M | 160.31M | 177.05M | 114.38M | 180.32M | 224.07M | 236.91M | 197.81M | 209.21M | 229.03M | 230.05M | 275.48M | 308.05M | - | - | 290.28M | 286.27M | 258.50M | 219.34M | 296.40M |
| Diluted EPS | 0.42 | 0.24 | 0.13 | 0.34 | 0.32 | 0.06 | 0.47 | 0.47 | 1.19 | 0.47 | 0.52 | 0.57 | 0.50 | 0.48 | 0.56 | 0.60 | 0.50 | 0.54 | -0.86 | 0.60 | 0.50 | 0.61 | 0.68 | 0.44 | 0.69 | 0.87 | 0.92 | 0.77 | 0.81 | 0.89 | 0.89 | 1.07 | 1.19 | - | - | 1.12 | 1.11 | 1.01 | 0.86 | 1.17 |
Profit & Loss (Annual)
Figures in USD.
| Metric | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 2.08B | 2.12B | 3.38B | 4.63B | 4.92B | 5.39B | 5.45B | - | 7.21B | 8.02B | 8.92B | 9.47B |
| Cost of Revenue | - | - | - | - | - | - | - | - | 4.34B | 4.74B | 5.19B | 5.46B |
| Gross Profit | - | - | - | - | - | - | - | - | 2.88B | 3.28B | 3.73B | 4.01B |
| Operating Expenses | - | - | - | - | - | - | - | - | 1.62B | 1.80B | 2.05B | 2.19B |
| Operating Income | 449.27M | -61.53M | 452.30M | 627.10M | 832.24M | 837.78M | 412.43M | - | 1.26B | 1.48B | 1.68B | 1.82B |
| EBITDA | - | - | - | - | - | - | - | - | 2.17B | 2.26B | 2.25B | 2.98B |
| Interest Expense | - | - | - | - | - | - | - | - | 202.33M | 274.64M | 326.80M | 334.55M |
| Pretax Income | - | - | - | - | - | - | - | - | 1.05B | 983.50M | 762.93M | 1.42B |
| Tax Provision | - | - | - | - | - | - | - | - | 212.96M | 220.68M | 146.36M | 341.36M |
| Net Income | 232.53M | -95.76M | 246.54M | 576.82M | 546.87M | 566.84M | 204.68M | - | 835.66M | 762.80M | 617.57M | 1.08B |
| Diluted EPS | 1.86 | -0.52 | 1.07 | 2.18 | 2.07 | 2.14 | 0.78 | - | 3.24 | 2.95 | 2.39 | 4.17 |
Balance Sheet (Annual)
Figures in USD.
| Metric | Dec 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | - | 5.25B | 5.07B | 11.10B | 12.01B | 12.63B | 13.74B | 13.99B | - | 17.13B | 17.92B | 19.82B | 21.13B |
| Current Assets | - | - | - | - | - | - | - | - | - | 1.12B | 1.14B | 1.23B | 1.31B |
| Cash & Equivalents | 13.59M | 14.35M | 10.97M | 154.38M | 433.81M | 319.31M | 326.74M | 617.29M | - | 78.64M | 78.40M | 62.37M | 45.97M |
| Inventory | - | - | - | - | - | - | - | - | - | 55.19M | 61.67M | 71.16M | 78.86M |
| Receivables | - | - | - | - | - | - | - | - | - | 833.86M | 856.95M | 935.03M | 1.02B |
| Total Liabilities | - | - | 3.13B | 5.45B | 5.74B | 6.17B | 6.80B | 7.13B | - | 10.02B | 10.22B | 11.96B | 12.88B |
| Current Liabilities | - | - | 378.27M | 692.18M | 802.60M | 886.84M | 1.01B | 1.03B | - | 1.51B | 1.69B | 1.88B | 2.12B |
| Long Term Debt | - | - | 2.15B | 3.62B | 3.90B | 4.15B | 4.35B | 4.71B | - | 6.89B | 6.72B | 8.07B | 8.81B |
| Total Debt | - | - | - | - | - | - | - | - | - | 7.10B | 7.02B | 8.39B | 9.13B |
| Total Equity | 2.05B | 2.23B | 1.99B | 5.65B | 6.27B | 6.45B | 6.93B | 6.86B | - | 7.11B | 7.69B | 7.86B | 8.25B |
| Shares Outstanding | - | - | - | - | - | - | - | - | - | 257.21M | 257.66M | 258.07M | 255.66M |
Cash Flows (Annual)
Figures in USD.
| Metric | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | - | 577.00M | 795.31M | 1.19B | 1.41B | 1.54B | 1.41B | - | 2.02B | 2.13B | 2.23B | 2.41B |
| Investing Cash Flow | - | -470.53M | -292.58M | -860.91M | -1.37B | -1.43B | -1.05B | - | -3.09B | -1.58B | -3.16B | -2.02B |
| Financing Cash Flow | - | -109.84M | -354.87M | 56.76M | -187.58M | -95.89M | -78.22M | - | 1.03B | -544.40M | 944.95M | -360.04M |
| Capital Expenditure | - | - | - | -479.29M | -546.14M | -634.41M | -597.05M | - | -912.68M | -934.00M | -1.06B | -1.19B |
| Free Cash Flow | - | - | - | 707.97M | 865.09M | 906.14M | 811.47M | - | 1.11B | 1.19B | 1.17B | 1.22B |
| Net Change in Cash | - | - | - | - | - | - | - | - | -36.22M | 1.33M | 14.70M | 30.79M |
| Share Buybacks | 7.32M | 91.17M | - | - | 58.93M | - | 105.65M | 338.99M | 425.00M | 0 | 0 | 505.52M |
Ratios (Annual)
Figures in %.
| Metric | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin % | - | - | - | - | - | - | - | - | 39.9% | 40.9% | 41.8% | 42.4% |
| Operating Margin % | 21.6% | -2.9% | 13.4% | 13.5% | 16.9% | 15.5% | 7.6% | - | 17.5% | 18.4% | 18.8% | 19.2% |
| Net Margin % | 11.2% | -4.5% | 7.3% | 12.5% | 11.1% | 10.5% | 3.8% | - | 11.6% | 9.5% | 6.9% | 11.4% |
| ROE % | 10.4% | -4.8% | 4.4% | 9.2% | 8.5% | 8.2% | 3.0% | - | 11.8% | 9.9% | 7.9% | 13.1% |
| ROCE % | - | -1.3% | 4.3% | 5.6% | 7.1% | 6.6% | 3.2% | - | 8.1% | 9.1% | 9.4% | 9.6% |
Shareholding Pattern
Top Institutional Holders
| # | Holder | % Held | Shares | Value |
|---|---|---|---|---|
| 1 | Vanguard Capital Management LLC | 6.28% | 15.80M | $2.45B |
| 2 | Royal Bank of Canada | 5.24% | 13.19M | $2.05B |
| 3 | Vanguard Portfolio Management LLC | 4.47% | 11.23M | $1.74B |
| 4 | Bank of Montreal /CAN/ | 3.44% | 8.67M | $1.35B |
| 5 | 1832 Asset Management L.P. | 2.96% | 7.46M | $1.16B |
| 6 | Blackrock Inc. | 2.53% | 6.37M | $989.57M |
| 7 | FMR, LLC | 2.12% | 5.34M | $829.63M |
| 8 | Mackenzie Financial Corporation | 1.87% | 4.70M | $730.01M |
| 9 | Capital International Investors | 1.82% | 4.58M | $711.82M |
| 10 | AQR Capital Management, LLC | 1.63% | 4.11M | $638.57M |
Analyst View
Analyst aggregate. Targets and ratings update periodically; not investment advice.
Latest News
Recent headlines for WCN
WCN Shares Rise 8.6% in 3 Months: Here's What You Should Know
Waste Connections gains 8.6% in three months as market tailwinds, acquisitions and strong cash generation support its growth momentum.
Is Waste Connections (NYSE:WCN) Undervalued Even With Pricey Earnings?
Waste Connections stock has delivered a 36.0% total return over the past five years, yet the valuation checks send mixed messages today. The intrinsic value estimate based on a Discounted Cash Flow (DCF) model points to meaningful upside co…
Insider Transaction: Waste Connections Senior VP Sells 1,750 Shares for $290,500
Netherton's sale reduced her direct holdings by 12%.
Here's Why Investors Must Hold WCN Stock in Their Portfolios Now
Waste Connections gains as market expansion, acquisitions and steady dividends support growth despite rising liquidity and regulatory pressures.
Waste Connections Renews Normal Course Issuer Bid for Share Repurchases
TORONTO, August 07, 2026--Waste Connections, Inc. (TSX/NYSE: WCN) ("Waste Connections" or the "Company") today announced that it has received approval from the Toronto Stock Exchange (the "TSX") for the annual renewal of its normal course i…
Waste Connections sues LA County for $825M over Chiquita Canyon closure
The company has spent years working to mitigate an ongoing elevated temperature event in an inactive portion of the landfill. Legal filings reveal the event led regulators to impose new restrictions that led to the landfill’s closure.…
WCN — Frequently Asked Questions
What is the current share price of Waste Connections, Inc. (WCN)?
As of 2026-09-19 21:16 PDT, Waste Connections, Inc. (WCN) trades at $165.19 on NYSE. Its 52-week range is $148.70 to $185.28.
What is the market capitalisation of WCN?
Waste Connections, Inc. (WCN) has a market capitalisation of $41.56B on NYSE.
What is the P/E ratio of WCN?
WCN trades at a trailing price-to-earnings (P/E) ratio of 39.90. The industry average P/E is 26.00. Its price-to-book (P/B) ratio is 4.94.
Does WCN pay a dividend?
Waste Connections, Inc. (WCN) currently offers a dividend yield of 0.90%.
What is the return on equity (ROE) of WCN?
WCN has a return on equity (ROE) of 13.03%. Its return on capital employed (ROCE) is 9.58%.
Is WCN a good stock to buy?
This page provides a data-driven analysis of Waste Connections, Inc. (WCN), including valuation ratios, profitability, growth trends, auto-generated pros and cons, peer comparison and AI exposure. Review these fundamentals alongside your own research and risk tolerance. This is informational content, not investment advice.