Waste Connections, Inc.

WCN Industrials Waste Management

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%
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
Older periods Sep '25 Dec '25 Mar '26 Jun '26
P/E ratio

+8 more quarters

72.95 41.95 39.62 40.17
P/S ratio
4.83 4.77 4.32 4.33
P/FCF ratio
36.26 36.69 36.05 35.98
P/Operating CF
66.68 81.03 76.02 57.62
P/B ratio
5.58 5.47 5.15 5.33
Price to Tangible BV
0.00 0.00 0.00 0.00
EV/Sales
5.75 5.70 5.26 5.28
EV/EBITDA
23.06 18.30 17.14 17.49
EV/Operating CF
22.17 22.36 20.90 20.50
EV/FCF
43.18 43.89 43.94 43.88
Quick Ratio
0.57 0.50 0.57 0.55
Current Ratio
0.67 0.62 0.69 0.66
Net Debt/EBITDA
11.39 11.94 13.32 12.11
Debt/Assets
42.05% 42.14% 43.35% 43.80%
Debt/Equity
1.08 1.08 1.14 1.18
Asset Turnover
0.46 0.46 0.46 0.46
Operating CF/Net income
2.37 2.15 2.49 2.47
Capex/Depreciation
(0.92) (1.24) (0.93) (1.07)
Interest Coverage
5.21 4.87 4.15 4.80
Research and Development Expense of Revenue
0.00% 0.00% 0.00% 0.00%
Selling, General and Administrative Expense of Revenue
9.62% 9.69% 10.59% 10.17%
Intangible Assets out of Total Assets
0.49 0.49 0.49 0.48
Share Based Compensation of Revenue
0.75% 0.80% 0.74% 0.94%
Graham Net Nets
(0.25) (0.26) (0.28) (0.29)
Graham Number
41.33 54.90 53.95 54.02
Earnings Yield
1.37% 2.38% 2.52% 2.49%
Free Cash Flow Yield
2.76% 2.73% 2.77% 2.78%
Revenue per Share
9.57 9.22 9.28 10.11
Operating CF per Share
2.64 2.16 2.14 2.89
Capex per Share
(1.14) (1.55) (1.15) (1.39)
Free Cash Flow per Share
1.49 0.62 0.98 1.50
Cash per Share
0.46 0.18 0.44 0.39
Shareholders Equity per Share
31.50 32.04 31.56 31.25
Interest Debt per Share
0.00 0.00 0.00 0.00
Book value per Share
31.50 32.04 31.56 31.25
Free Cash Flow
384.01 158.42 250.78 381.03
Working Capital
(683.98) (812.70) (631.15) (728.98)
Capital Expenditures
(293.44) (398.46) (294.82) (352.26)
Net Current Asset Value
(11,285.49) (11,572.42) (11,752.42) (12,079.09)
EV/EBIT
49.34 31.57 30.02 31.00
Capex to Sales
0.12 0.17 0.12 0.14
Price to Operating Income
41.44 26.39 24.63 25.42
Other line items
Average Receivables
1,030.27 980.01 992.55 1,050.82
Average Payables
732.78 701.30 669.00 750.83
Average Assets
20,438.93 20,473.59 20,720.43 21,039.03
Average Common Equity
8,177.41 8,052.87 8,035.90 8,137.44

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Columns are period end dates