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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/FCF

Alert me on EV/FCF

As of 5 November 2026, Waste Connections, Inc. (WCN) trades at a EV/FCF of 48.5×. Over the past ten years it has ranged from 19.4× (January 2015) to 153× (August 2016); the current reading is higher than 93% of that period.

EV/FCF, daily

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Annual newest first

Period EV/FCF Change
FY2025 43.9× (1.02%)
FY2024 44.3× 20.48%
FY2023 36.8× 2.89%
FY2022 35.8× (12.14%)
FY2021 40.7× (0.31%)
FY2020 40.8× 27.87%
FY2019 31.9× 18.49%
FY2018 27.0× (9.71%)
FY2017 29.9× (12.98%)
FY2016 34.3× 10.51%

Quarterly newest first

Period EV/FCF Change
Sep 2026 40.6× (7.46%)
Jun 2026 43.9× (0.13%)
Mar 2026 43.9× 0.09%
Dec 2025 43.9× 1.67%
43 more quarters

Against its own ten years

Low 19.4× High 153×
Ten-year median 37.0×
Current reading's percentile 92

EV/FCF against peers

Company EV/FCF
NVRI Enviri Corporation compare −2.1×
OIO ESGL Holdings Limited compare −2.1×
ONT Onterris, Inc. compare 15.7×
WM Waste Management, Inc. compare 31.9×
CLH Clean Harbors, Inc. compare 33.5×
RSG Republic Services, Inc. compare 35.0×
WCN Waste Connections, Inc. 48.5×
CWST Casella Waste Systems, Inc. compare 72.5×
GFL GFL Environmental Inc. compare 118×

What EV/FCF is

EV/Free CF shows how the value of a whole company, debt included, compares with the free cash its business produces.

((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)) ÷ (Operating Cash Flow (TTM) + Property, Plant, Equipment Change (Net) (TTM) + Intangible Assets Change (Net) (TTM))

The full definition of EV/FCF →

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