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

Waste Connections, Inc.

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%

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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

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Waste Connections, Inc. (WCN) Price to free cash flow

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As of 5 November 2026, Waste Connections, Inc. (WCN) trades at a price to free cash flow of 40.5×. Over the past ten years it has ranged from 11.7× (January 2015) to 115× (August 2016); the current reading is higher than 90% of that period. That is above the Waste Management industry median of 28.9× and above the Industrials sector median of 19.6×.

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<iframe src="https://stockrow.com/embed/WCN/price-to-free-cash-flow" width="100%" height="360" style="border:0" loading="lazy" title="Waste Connections, Inc. price to free cash flow, 10 years"></iframe>
<p style="font-size:12px">Source: <a href="https://stockrow.com/WCN/metrics/price-to-free-cash-flow">Waste Connections, Inc. (WCN) price to free cash flow — stockrow.com</a></p>

Period	Price to free cash flow	Change
FY2025	36.7×	(2.11%)
FY2024	37.5×	19.89%
FY2023	31.3×	5.18%
FY2022	29.7×	(16.76%)
FY2021	35.7×	0.93%
FY2020	35.4×	29.70%
FY2019	27.3×	21.29%
FY2018	22.5×	(10.30%)
FY2017	25.1×	(5.71%)
FY2016	26.6×	48.84%

Period	Price to free cash flow	Change
Sep 2026	32.7×	(9.24%)
Jun 2026	36.0×	(0.20%)
Mar 2026	36.1×	(1.75%)
Dec 2025	36.7×	1.20%
43 more quarters	Free account

Against its own ten years

Low 11.7× High 115×

Ten-year median 31.4×

Current reading's percentile 90

Company	Price to free cash flow
OIO ESGL Holdings Limited compare	n/m
NVRI Enviri Corporation compare	n/m
ONT Onterris, Inc. compare	10.3×
WM Waste Management, Inc. compare	25.7×
CLH Clean Harbors, Inc. compare	28.9×
RSG Republic Services, Inc. compare	29.5×
WCN Waste Connections, Inc.	40.5×
CWST Casella Waste Systems, Inc. compare	60.0×
GFL GFL Environmental Inc. compare	79.9×
Waste Management industry median	28.9×
Industrials sector median	19.6×
Market median	14.1×

What Price to free cash flow is

Price to Free Cash Flow Ratio shows how much investors pay for each dollar of cash a company generates after its capital spending.

Stock Price ÷ ((Operating Cash Flow (TTM) + Property, Plant, Equipment Change (Net) (TTM) + Intangible Assets Change (Net) (TTM)) ÷ (Shares (Basic, Weighted) (latest quarter)))

The full definition of Price to free cash flow →

Waste Connections, Inc. (WCN) Price to free cash flow

Price to free cash flow, daily

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Against its own ten years

Price to free cash flow against peers

What Price to free cash flow is

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Price to free cash flow, daily

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Against its own ten years

Price to free cash flow against peers

What Price to free cash flow is

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