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
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Waste Connections, Inc. (WCN) Operating cash flow
Waste Connections, Inc.'s operating cash flow for fiscal 2025 was $2.4B, up 8.31% from $2.2B in fiscal 2024. Over the twelve months to 30 September 2026 it was $2.5B. Over the past ten years it has ranged from $577.0M (fiscal 2015) to $2.4B (fiscal 2025) — the current reading is the highest in ten years. Operating cash flow has risen for 5 consecutive fiscal years. Waste Connections, Inc. ranks 3rd of 21 Waste Management companies by operating cash flow.
Operating cash flow, annual
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Annual newest first
| Period | Operating cash flow | Change |
|---|---|---|
| FY2025 | $2.4B | 8.31% |
| FY2024 | $2.2B | 4.80% |
| FY2023 | $2.1B | 5.16% |
| FY2022 | $2.0B | 19.09% |
| FY2021 | $1.7B | 20.57% |
| FY2020 | $1.4B | (8.57%) |
| FY2019 | $1.5B | 9.16% |
| FY2018 | $1.4B | 18.86% |
| FY2017 | $1.2B | 49.28% |
| FY2016 | $795.3M | 37.84% |
Quarterly newest first
| Period | Operating cash flow | Change |
|---|---|---|
| Sep 2026 | $691.9M | (5.64%) |
| Jun 2026 | $733.3M | 34.40% |
| Mar 2026 | $545.6M | (2.03%) |
| Dec 2025 | $556.9M | (17.80%) |
| 43 more quarters | Free account |
Against its own ten years
Operating cash flow against peers
| Company | Operating cash flow |
|---|---|
| WM Waste Management, Inc. compare | $6.6B |
| RSG Republic Services, Inc. compare | $4.5B |
| WCN Waste Connections, Inc. | $2.5B |
| CLH Clean Harbors, Inc. compare | $1.0B |
| GFL GFL Environmental Inc. compare | $988.9M |
| CWST Casella Waste Systems, Inc. compare | $351.2M |
| ONT Onterris, Inc. compare | $87.3M |
| OIO ESGL Holdings Limited compare | $1.6M |
| NVRI Enviri Corporation compare | −$202.6M |
What Operating cash flow is
Operating Cash Flow shows how much cash a company’s day-to-day business actually brings in, after paying suppliers, staff and taxes.
Reported line item
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- EPS (diluted)
- EBITDA
- Free cash flow
- Gross margin
- 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
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