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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) P/B ratio

Alert me on P/B ratio

As of 5 November 2026, Waste Connections, Inc. (WCN) trades at a P/B ratio of 6.1×. Over the past ten years it has ranged from 1.3× (January 2016) to 8.0× (June 2016); the current reading is higher than 94% of that period. That is above the Waste Management industry median of 1.2× and above the Industrials sector median of 2.2×.

P/B ratio, daily

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Annual newest first

Period P/B ratio Change
FY2025 5.5× (2.81%)
FY2024 5.6× 13.24%
FY2023 5.0× 4.35%
FY2022 4.8× (6.36%)
FY2021 5.1× 29.38%
FY2020 3.9× 13.95%
FY2019 3.5× 13.91%
FY2018 3.0× 2.97%
FY2017 2.9× 37.49%
FY2016 2.1× 43.82%

Quarterly newest first

Period P/B ratio Change
Sep 2026 4.9× (7.99%)
Jun 2026 5.3× 3.61%
Mar 2026 5.1× (5.94%)
Dec 2025 5.5× (1.95%)
43 more quarters

Against its own ten years

Low 1.3× High 8.0×
Ten-year median 4.6×
Current reading's percentile 95

P/B ratio against peers

Company P/B ratio
OIO ESGL Holdings Limited compare 0.1×
NVRI Enviri Corporation compare 0.9×
ONT Onterris, Inc. compare 1.5×
GFL GFL Environmental Inc. compare 2.1×
CWST Casella Waste Systems, Inc. compare 4.0×
CLH Clean Harbors, Inc. compare 4.7×
WCN Waste Connections, Inc. 6.1×
RSG Republic Services, Inc. compare 6.2×
WM Waste Management, Inc. compare 9.7×
Waste Management industry median 1.2×
Industrials sector median 2.2×
Market median 1.7×

What P/B ratio is

Price to Book Value tells an investor how much the market pays for a company’s shares relative to the accounting net worth that belongs to common shareholders.

Stock Price ÷ (Common Equity (Total) (latest quarter) ÷ Shares (Basic, Weighted) (latest quarter))

The full definition of P/B ratio →

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