stockrowWaste 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
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Waste Connections, Inc. (WCN) Gross margin
Waste Connections, Inc.'s gross margin over the twelve months to 30 September 2026 was 42.6%, up 0.2 percentage points from fiscal 2025 (42.4%). Over the past ten years it has ranged from 39.8% (fiscal 2020) to 44.4% (fiscal 2015); the current reading is higher than 91% of that period. That is above the Waste Management industry median of 20.5% and above the Industrials sector median of 30.6%.
Gross margin, annual
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Annual newest first
| Period | Gross margin | Change (points) |
|---|---|---|
| FY2025 | 42.4% | 0.58 |
| FY2024 | 41.8% | 0.93 |
| FY2023 | 40.9% | 0.98 |
| FY2022 | 39.9% | (0.72) |
| FY2021 | 40.6% | 0.77 |
| FY2020 | 39.8% | (0.81) |
| FY2019 | 40.6% | (1.15) |
| FY2018 | 41.8% | 0.20 |
| FY2017 | 41.6% | (0.42) |
| FY2016 | 42.0% | (2.38) |
Quarterly newest first
| Period | Gross margin | Change (points) |
|---|---|---|
| Sep 2026 | 43.1% | 0.85 |
| Jun 2026 | 42.3% | (0.33) |
| Mar 2026 | 42.6% | 0.06 |
| Dec 2025 | 42.5% | (0.25) |
| 43 more quarters | Free account |
Against its own ten years
Gross margin against peers
| Company | Gross margin |
|---|---|
| WCN Waste Connections, Inc. | 42.6% |
| RSG Republic Services, Inc. compare | 42.0% |
| ONT Onterris, Inc. compare | 41.5% |
| WM Waste Management, Inc. compare | 40.4% |
| CWST Casella Waste Systems, Inc. compare | 33.4% |
| CLH Clean Harbors, Inc. compare | 33.1% |
| GFL GFL Environmental Inc. compare | 19.5% |
| NVRI Enviri Corporation compare | 10.3% |
| OIO ESGL Holdings Limited compare | — |
| Waste Management industry median | 20.5% |
| Industrials sector median | 30.6% |
| Market median | 45.1% |
What Gross margin is
Gross Margin tells an investor how much of each sale a company keeps after paying the direct costs of making or buying what it sells.
Gross Profit ÷ Revenue
More on WCN
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- Altman Z-score
- Beneish M-score
- The full statement