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Friday 6 November 2026 Export WCN’s income statement to Excel — free account

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.

Revenue
+7.31%
EPS
+28.8%
Free cash flow
+2.74%
Total debt
+8.87%

Quarter to September 2026, against a year earlier

190.96 0.85 −0.44%
Market cap
$48.0B
P/E
42.7×
Fwd P/E
39.5×
Dividend yield
0.75%
F-score
6/9
Altman Z
3.11
Beneish M
−2.72
Dividend safety
79/100
Overview Business Profile Earnings & Analysis
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios
Valuation Filings

Waste Connections, Inc. (WCN) EV/EBITDA

Alert me on EV/EBITDA

As of 5 November 2026, Waste Connections, Inc. (WCN) trades at a EV/EBITDA of 18.7×. Over the past ten years it has ranged from 7.2× (January 2015) to 106× (August 2016); the current reading is higher than 42% of that period. That is above the Waste Management industry median of 17.1× and above the Industrials sector median of 12.4×.

EV/EBITDA, daily

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Annual newest first

Period EV/EBITDA Change
FY2025 18.3× (21.69%)
FY2024 23.4× 16.43%
FY2023 20.1× 6.56%
FY2022 18.8× (13.80%)
FY2021 21.8× (17.83%)
FY2020 26.6× 50.40%
FY2019 17.7× 14.26%
FY2018 15.5× (11.38%)
FY2017 17.5× 2.94%
FY2016 17.0× (67.34%)

Quarterly newest first

Period EV/EBITDA Change
Sep 2026 15.7× (10.47%)
Jun 2026 17.5× 2.05%
Mar 2026 17.1× (6.32%)
Dec 2025 18.3× (20.65%)
43 more quarters

Against its own ten years

Low 7.2× High 106×
Ten-year median 19.4×
Current reading's percentile 42

EV/EBITDA against peers

Company EV/EBITDA
OIO ESGL Holdings Limited compare n/m
NVRI Enviri Corporation compare n/m
CLH Clean Harbors, Inc. compare 12.7×
WM Waste Management, Inc. compare 15.1×
RSG Republic Services, Inc. compare 16.4×
ONT Onterris, Inc. compare 17.7×
GFL GFL Environmental Inc. compare 17.8×
WCN Waste Connections, Inc. 18.7×
CWST Casella Waste Systems, Inc. compare 19.5×
Waste Management industry median 17.1×
Industrials sector median 12.4×
Market median 10.9×

What EV/EBITDA is

Enterprise Value over EBITDA tells an investor how the market values a whole company, with debt added and cash taken off, against its operating earnings.

((Stock Price × Shares (Basic, Weighted) (latest quarter)) + (Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter)) − Cash & Short Term Investments (latest quarter)) ÷ EBITDA (TTM)

The full definition of EV/EBITDA →

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