Waste Connections, Inc. WCN

Latest FY: 2025 Industrials Waste Management
Market Price $159.52
Market Cap $40.53B
P/E Ratio 38.25
Quick Peer Compare (Industrials):
Revenue (FY 2025) ↑6.1% YoY
$9.47B
3-Yr CAGR: 9.5%
Net Income ↑74.3% YoY
$1.08B
Net Margin: 11.4%
Free Cash Flow ↑5.3% YoY
$1.23B
FCF Yield: 3.05%
EPS (Diluted) ↑74.5% YoY
$4.17
Basic: $4.18
Return on Equity Efficiency
13.1%
ROA: 5.1%

📊 Multi-Year Historical Performance & Trends

Financial Performance History Revenue, Net Income & Free Cash Flow
Margins Trend (%) Gross, Operating & Net Margins
Balance Sheet Strength Cash, Debt & Equity
Cash Flow Generation Operating Cash Flow vs CapEx vs FCF

📈 Year-over-Year (YoY) Growth History (WCN)

All monetary values in millions ($M)
Fiscal Year Revenue Revenue YoY Gross Profit Net Income Net Inc YoY Diluted EPS EPS YoY Div / Sh Div Yield Op. Cash Flow Free Cash Flow FCF YoY
FY 2016 $3,375.9M $1,418.2M $246.5M $1.07 $0.40 0.76% $795.3M $450.6M
FY 2017 $4,630.5M +37.2% $1,925.7M $576.8M +134.0% $2.18 +104.4% $0.50 0.70% $1,187.3M $708.0M +57.1%
FY 2018 $4,922.9M +6.3% $2,057.2M $546.9M -5.2% $2.07 -5.0% $0.58 0.78% $1,411.2M $865.1M +22.2%
FY 2019 $5,388.7M +9.5% $2,189.9M $566.8M +3.7% $2.14 +3.4% $0.66 0.73% $1,540.5M $906.1M +4.7%
FY 2020 $5,446.0M +1.1% $2,169.2M $204.7M -63.9% $0.78 -63.6% $0.76 0.74% $1,408.5M $811.5M -10.4%
FY 2021 $6,151.4M +13.0% $2,497.3M $618.0M +202.0% $2.36 +202.6% $0.84 0.62% $1,698.2M $953.9M +17.6%
FY 2022 $7,211.9M +17.2% $2,875.8M $835.7M +35.2% $3.24 +37.3% $0.94 0.71% $2,022.5M $1,109.8M +16.3%
FY 2023 $8,022.0M +11.2% $3,277.4M $762.8M -8.7% $2.95 -9.0% $1.05 0.70% $2,126.8M $1,192.8M +7.5%
FY 2024 $8,919.6M +11.2% $3,727.9M $617.6M -19.0% $2.39 -19.0% $1.17 0.68% $2,228.9M $1,172.9M -1.7%
FY 2025 $9,466.9M +6.1% $4,011.5M $1,076.6M +74.3% $4.17 +74.5% $1.29 0.74% $2,414.1M $1,234.8M +5.3%
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Valuation

Market Price $159.52
Market Cap $40.53B
Enterprise Value $40.49B
P/E Ratio 38.25
P/B Ratio 4.92
FCF Yield 3.05%
Dividend Yield 0.81%
Shares Outstanding 254,080,900
%

Profitability & Margins

Gross Margin 42.37%
Operating Margin 18.06%
Net Margin 11.37%
Return on Equity (ROE) 13.06%
Return on Assets (ROA) 5.10%
Asset Turnover 0.45x
Revenue 3-Yr CAGR 9.49%
🛡️

Financial Health & Liquidity

Current Ratio 0.62
Cash Ratio 0.02
Debt / Equity 0.000
Debt / Assets 0.000
Cash & Equivalents $45.97M
Total Debt N/A
Book Value / Share $32.45
💧

Cash Flow Efficiency

Operating Cash Flow $2.41B
Capital Expenditures (CapEx) $1.18B
Free Cash Flow $1.23B
OCF / Revenue 25.50%
FCF / Revenue 13.04%
FCF 3-Yr CAGR 3.62%
🏷️

Per Share Metrics

EPS (Diluted) $4.17
EPS (Basic) $4.18
Dividends / Share $1.29
Book Value / Share $32.45
EPS YoY Growth 74.48%
🏛️

Balance Sheet (FY 2025)

Total Assets $21.13B
Total Liabilities $12.88B
Stockholders' Equity $8.25B
Current Assets $1.31B
Current Liabilities $2.12B