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

Fold the line items

Columns are period end dates

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