Saturday 17 October 2026 Export WCN’s income statement to Excel — free account

Waste Connections, Inc.

Waste Connections, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $9.5 billion, up 6.14% from fiscal 2024. In the quarter to June 2026, revenue grew 6.42%, EPS grew 4.46%, free cash flow grew 6.63% and total debt rose 10.9%, each against the same quarter a year earlier. Dividend growth for ten consecutive years, revenue growth for ten, operating cash flow growth for five; insiders bought in the last twelve months.

167.30 1.79 +1.08%

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Market cap: $41.7B
P/E: 40.3×
Fwd P/E: 33.5×
Dividend yield: 0.84%
F-score: 6/9
Altman Z: 3.11
Beneish M: −2.72
Dividend safety: 79/100

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

	Dec '16	Dec '17	Dec '18	Dec '19	Dec '20	Dec '21	Dec '22	Dec '23	Dec '24	Dec '25
P/E ratio Full definition →	50.32	32.07	35.87	42.23	131.50	57.50	40.53	50.21	71.79	41.95
Piotroski F-Score Full definition →	6	6	5	5	5	7	6	6	5	6
Altman Z-Score Full definition →	1.95	2.77	2.78	2.99	3.06	3.70	2.97	3.22	3.12	3.11
P/S ratio Full definition →	3.59	3.99	3.98	4.44	4.96	5.79	4.70	4.77	4.96	4.77
P/FCF ratio Full definition →	26.59	25.07	22.49	27.28	35.38	35.71	29.72	31.26	37.48	36.69
Altman Z″-Score (non-manufacturers) Full definition →	1.81	2.21	2.23	2.17	2.01	2.02	1.78	1.81	1.57	1.77
Beneish M-Score Full definition →	(1.83)	(2.53)	(2.71)	(2.70)	(2.93)	(2.72)	(2.68)	(2.81)	(2.82)	(2.72)
P/Operating CF Full definition →	47.19	61.77	52.42	67.44	121.08	83.10	64.90	68.86	77.80	81.03
Dividend Safety Score Full definition →	—	—	—	—	—	—	—	—	—	79
P/B ratio Full definition →	2.14	2.94	3.03	3.45	3.93	5.09	4.77	4.97	5.63	5.47
Price to Tangible BV Full definition →	61.30	36.57	65.28	90.57	0.00	0.00	0.00	0.00	0.00	0.00
EV/Sales Full definition →	4.63	4.75	4.77	5.20	5.72	6.60	5.66	5.62	5.87	5.70
EV/EBITDA Full definition →	16.96	17.46	15.47	17.68	26.59	21.85	18.83	20.07	23.36	18.30
EV/Operating CF Full definition →	19.64	18.52	16.63	18.21	22.13	23.90	20.17	21.19	23.49	22.36
EV/FCF Full definition →	34.31	29.86	26.96	31.94	40.85	40.72	35.77	36.81	44.35	43.89
Quick Ratio Full definition →	0.92	1.23	1.05	0.98	1.21	0.70	0.60	0.55	0.53	0.50
Current Ratio Full definition →	1.07	1.47	1.23	1.12	1.37	0.84	0.74	0.68	0.65	0.62
Net Debt/EBITDA Full definition →	3.82	2.80	2.56	2.58	3.56	2.69	3.18	3.02	3.62	3.00
Debt/Assets Full definition →	33.05%	32.95%	33.34%	32.20%	34.22%	34.97%	40.73%	38.33%	41.22%	42.14%
Debt/Equity Full definition →	0.65	0.63	0.65	0.64	0.70	0.74	0.98	0.89	1.04	1.08
Asset Turnover Full definition →	0.42	0.40	0.40	0.41	0.39	0.43	0.45	0.46	0.47	0.46
Operating CF/Net income Full definition →	3.23	2.06	2.58	2.72	6.88	2.75	2.42	2.79	3.61	2.24
Capex/Depreciation Full definition →	(0.73)	(0.71)	(0.79)	(0.88)	(0.85)	(0.86)	(0.95)	(0.89)	(0.89)	(0.95)
Interest Coverage Full definition →	4.88	5.22	6.30	5.68	2.54	6.39	6.14	4.50	3.27	5.11
ROE Full definition →	6.45%	9.67%	8.59%	8.46%	2.97%	8.92%	11.85%	10.30%	7.94%	13.37%
ROA Full definition →	3.04%	4.99%	4.44%	4.30%	1.48%	4.31%	5.25%	4.35%	3.27%	5.26%
ROIC Full definition →	3.08%	4.00%	5.03%	4.74%	2.34%	5.42%	5.54%	5.33%	4.18%	6.25%
Return on Tangible Assets Full definition →	5.15%	11.10%	10.17%	10.05%	3.61%	11.19%	12.75%	11.42%	8.36%	13.59%
Average Days of Receivables Full definition →	52.45	43.71	45.19	44.90	42.24	42.11	42.20	38.99	38.26	39.52
Research and Development Expense of Revenue Full definition →	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Selling, General and Administrative Expense of Revenue Full definition →	14.05%	11.01%	10.65%	10.14%	9.87%	9.95%	9.66%	9.96%	9.90%	10.14%
Intangible Assets out of Total Assets Full definition →	0.49	0.48	0.49	0.49	0.49	0.51	0.50	0.50	0.50	0.49
Share Based Compensation of Revenue Full definition →	1.33%	0.85%	0.89%	0.79%	0.84%	0.95%	0.88%	0.88%	0.87%	0.84%
Graham Net Nets Full definition →	(0.39)	(0.25)	(0.26)	(0.24)	(0.21)	(0.19)	(0.26)	(0.24)	(0.24)	(0.26)
Graham Number Full definition →	24.02	34.19	33.78	35.67	21.39	37.79	44.96	44.62	40.48	54.90
Earnings Yield Full definition →	1.99%	3.12%	2.79%	2.37%	0.76%	1.74%	2.47%	1.99%	1.39%	2.38%
Free Cash Flow Yield Full definition →	3.76%	3.99%	4.45%	3.67%	2.83%	2.80%	3.36%	3.20%	2.67%	2.73%
Revenue per Share Full definition →	14.66	17.56	18.67	20.43	20.69	23.55	28.02	31.15	34.58	36.79
Operating CF per Share Full definition →	3.45	4.50	5.35	5.84	5.35	6.50	7.86	8.26	8.64	9.38
Capex per Share Full definition →	(1.48)	(1.71)	(2.05)	(2.51)	(2.45)	(2.69)	(3.43)	(3.50)	(4.06)	(4.60)
Free Cash Flow per Share Full definition →	1.98	2.79	3.30	3.33	2.90	3.82	4.43	4.75	4.58	4.78
Cash per Share Full definition →	0.67	1.65	1.21	1.24	2.35	0.56	0.31	0.30	0.24	0.18
Shareholders Equity per Share Full definition →	24.55	23.79	24.50	26.30	26.08	26.78	27.64	29.89	30.47	32.04
Interest Debt per Share Full definition →	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Book value per Share Full definition →	24.55	23.79	24.50	26.30	26.08	26.78	27.64	29.89	30.47	32.04
Free Cash Flow Full definition →	455.19	736.41	870.48	878.02	763.04	996.68	1,140.49	1,224.40	1,180.84	1,229.83
Working Capital Full definition →	51.22	374.27	206.07	123.37	379.62	(199.97)	(395.00)	(546.15)	(651.92)	(812.70)
Capital Expenditures Full definition →	(340.12)	(450.85)	(540.76)	(662.52)	(645.48)	(701.55)	(882.00)	(902.42)	(1,048.08)	(1,184.24)
Net Current Asset Value Full definition →	(4,705.66)	(4,563.74)	(5,074.24)	(5,668.74)	(5,720.65)	(6,673.60)	(8,903.31)	(9,076.30)	(10,730.55)	(11,572.42)
EV/EBIT Full definition →	34.53	35.06	28.20	33.48	75.57	39.04	32.85	36.45	49.05	31.57
Capex to Sales Full definition →	0.10	0.10	0.11	0.12	0.12	0.11	0.12	0.11	0.12	0.13
Price to Operating Income Full definition →	26.76	29.44	23.52	28.59	65.45	34.23	27.29	30.96	41.46	26.39
Other line items
Depreciation/Fixed assets Full definition →	0.10	0.13	0.13	0.14	0.14	0.14	0.13	0.14	0.15	0.14
Cash ROIC Full definition →	4.80%	6.90%	7.92%	7.51%	6.22%	8.12%	8.05%	8.36%	7.34%	7.15%
Accounts Receivable Turnover Full definition →	9.12	8.91	8.46	8.47	8.42	9.18	9.35	9.49	9.96	9.66
Accounts Payable Turnover Full definition →	10.68	9.30	8.30	8.03	9.00	10.69	8.41	7.41	8.11	7.78
Inventory Turnover Full definition →	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Average Days of Payables Full definition →	46.84	44.60	45.85	49.86	32.39	39.24	53.77	49.42	44.81	51.20
Days of Inventory on Hand Full definition →	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Average Receivables Full definition →	370.17	519.80	582.00	636.18	646.54	669.94	771.74	845.41	895.99	980.01
Average Payables Full definition →	183.23	290.89	345.25	398.47	363.90	341.84	515.80	640.59	639.91	701.30
Average Assets Full definition →	8,112.86	11,559.30	12,321.01	13,182.52	13,865.03	14,346.14	15,917.26	17,525.24	18,866.85	20,473.59
Average Common Equity Full definition →	3,823.33	5,964.47	6,367.13	6,699.27	6,900.90	6,928.49	7,053.59	7,405.71	7,779.07	8,052.87

Fold the line items

Columns are period end dates

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