Waste Connections, Inc. logo

Waste Connections, Inc.

WCN

NYSEIndustrialsWaste Management

Previous close

$169.4

+$1.07 · +0.64%

Aug 21, 4:00 PM ET

WCN company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Buy

Favorable setup — positive multi-factor alignment

Valuation

79

Undervalued

Momentum

45

Neutral

Sentiment

66

Bullish

Risk resilience

79

Moderate Risk

Full GoAI research

Thesis, catalysts, evidence, and risk analysis.

View full GoAI research

AI-generated, informational only, and not investment advice.

Company profile

Company website

Waste Connections, Inc. is a leading environmental services provider that delivers a full spectrum of non-hazardous waste management solutions, including collection, transfer, disposal, and resource recovery, across both the United States and Canada. The company offers essential waste collection services to a diverse customer base, spanning residential, commercial, municipal, industrial, and exploration and production (E&P) sectors. Beyond collection, their operations encompass landfill management for final waste disposition and comprehensive recycling programs for a wide array of materials, such as compostables, cardboard, mixed paper, plastic containers, glass bottles, and both ferrous and aluminum metals. Waste Connections also maintains and operates a network of transfer stations, which efficiently receive, compact, and load waste for subsequent transport—by truck, rail, or barge—to either landfills or specialized treatment facilities. In the Pacific Northwest, the company further provides intermodal services through a dedicated network, facilitating the rail movement of general cargo and solid waste containers. A specialized component of their offerings includes the treatment, recovery, and safe disposal of waste generated by oil and natural gas exploration and production activities. This includes complex materials such as drilling fluids, drill cuttings, completion fluids, flowback water, ongoing production wastes, produced water from operational wells, contaminated soils requiring remediation during site reclamation, and substances needing clean-up after spills, reserve pit operations, or pipeline ruptures. Additionally, the company provides equipment leasing options to its customers. As of December 31, 2021, Waste Connections possessed a robust infrastructure, owning 334 solid waste collection operations, 142 transfer stations, 61 municipal solid waste (MSW) landfills, 12 E&P waste landfills, 14 non-MSW landfills, 71 recycling facilities, 4 intermodal operations, 23 E&P liquid waste injection wells, and 19 E&P waste treatment and oil recovery facilities. The company also manages an additional 53 transfer stations, 10 MSW landfills, and 2 intermodal operations. Waste Connections, Inc. was established in 1997 and its corporate headquarters are situated in Woodbridge, Canada.

Industry
Waste Management
Sector
Industrials
Headquarters
CA
CEO
Ronald J. Mittelstaedt
Listed since
May 22, 1998
Employees
24,214

Market position

Day range

Current $169.4

52-week range

Current $169.4

Open
$168.56
Previous close
$168.33
Volume
714.66K
0.46× average
Average volume
1.57M
Average daily volume
Market cap
42.7B USD
Beta
0.48
Market reference 1
50-day average
$166.26
+1.89% above average
200-day average
$165.64
+2.27% above average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
54.21B USD
EV / EBITDA
18.01×
Earnings yield
2.41%
Free cash flow yield
2.72%

Profitability & efficiency

Return on equity
13.13%
Return on assets
5.09%
Return on invested capital
6.82%

Financial health

Current ratio
0.62×

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends45%31%17%3%Gross margin, FY2021: 40.60%Gross margin, FY2022: 39.88%Gross margin, FY2023: 40.86%Gross margin, FY2024: 41.79%Gross margin, FY2025: 38.96%Operating margin, FY2021: 16.90%Operating margin, FY2022: 17.22%Operating margin, FY2023: 15.41%Operating margin, FY2024: 11.97%Operating margin, FY2025: 18.13%Net margin, FY2021: 10.05%Net margin, FY2022: 11.59%Net margin, FY2023: 9.51%Net margin, FY2024: 6.92%Net margin, FY2025: 11.37%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 40.60%. Gross margin FY2022 39.88%. Gross margin FY2023 40.86%. Gross margin FY2024 41.79%. Gross margin FY2025 38.96%. Operating margin FY2021 16.90%. Operating margin FY2022 17.22%. Operating margin FY2023 15.41%. Operating margin FY2024 11.97%. Operating margin FY2025 18.13%. Net margin FY2021 10.05%. Net margin FY2022 11.59%. Net margin FY2023 9.51%. Net margin FY2024 6.92%. Net margin FY2025 11.37%.

Income trends

Revenue

9.5B USD+6.55%

Operating income

1.72B USD+61.35%

Net income

1.08B USD+74.96%
Income trends across reported periods10.39B USD6.84B USD3.28B USD−271.01M USDRevenue, FY2021: 6.15B USDRevenue, FY2022: 7.21B USDRevenue, FY2023: 8.02B USDRevenue, FY2024: 8.92B USDRevenue, FY2025: 9.5B USDOperating income, FY2021: 1.04B USDOperating income, FY2022: 1.24B USDOperating income, FY2023: 1.24B USDOperating income, FY2024: 1.07B USDOperating income, FY2025: 1.72B USDNet income, FY2021: 618.05M USDNet income, FY2022: 835.66M USDNet income, FY2023: 762.8M USDNet income, FY2024: 617.57M USDNet income, FY2025: 1.08B USDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 6.15B USD. Revenue FY2022 7.21B USD. Revenue FY2023 8.02B USD. Revenue FY2024 8.92B USD. Revenue FY2025 9.5B USD. Operating income FY2021 1.04B USD. Operating income FY2022 1.24B USD. Operating income FY2023 1.24B USD. Operating income FY2024 1.07B USD. Operating income FY2025 1.72B USD. Net income FY2021 618.05M USD. Net income FY2022 835.66M USD. Net income FY2023 762.8M USD. Net income FY2024 617.57M USD. Net income FY2025 1.08B USD.
Metric (USD)FY2025FY2024FY2023FY2022FY2021
Revenue9.5B USD8.92B USD8.02B USD7.21B USD6.15B USD
Cost of goods sold5.8B USD5.19B USD4.74B USD4.34B USD3.65B USD
Gross profit3.7B USD3.73B USD3.28B USD2.88B USD2.5B USD
Selling, general, and administrative946.64M USD855.79M USD774.09M USD671.45M USD592.63M USD
Operating expenses1.98B USD2.66B USD2.04B USD1.63B USD1.46B USD
Interest income12.18M USD11.05M USD9.52M USD5.71M USD2.89M USD
Interest expense331.68M USD291.63M USD259.71M USD200.61M USD181.51M USD
Depreciation and amortization1.24B USD1.16B USD1B USD918.96M USD813.01M USD
Operating income1.72B USD1.07B USD1.24B USD1.24B USD1.04B USD
Net income1.08B USD617.57M USD762.8M USD835.66M USD618.05M USD

Company facts updated Aug 24, 2026.

Analyst ratings

Third-party consensus; not a GoAI recommendation.

Analyst price target

Average target

$199.83

17.96% upside
Past 12 months12-month forecast

Price history unavailable

High $218Average $199.83Low $176

Rating distribution

33 ratings
Strong buy13%
Buy2576%
Hold721%
Sell00%
Strong sell00%

WCN peers

ETFs holding WCN

Funds reporting this stock among their holdings, ordered by reported position size.

Continue in GoAI

Research WCN

research.disclaimer