WASTE CONNECTIONS, INC. financials
Source: EDGAR filings · Built 2026-06-19T01:45:18Z
Key metrics by reporting period
Up to six most-recent periods side-by-side. Rows are the curated key lines — revenue, margins, cash, debt, equity, cash-flow totals, plus the derived and valuation metrics we compute on top. For every tag a filer reported in one period, use the single-filing drilldown below.
Derived Metrics
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Free Cash Flow | 1.23B | 1.17B | 1.19B | 1.11B | 950.78M | 811.47M |
| EBITDA | 2.94B | 2.23B | 2.24B | 2.16B | 1.85B | 1.16B |
| Working Capital | -812.70M | -651.92M | -546.15M | -395.00M | -199.97M | 379.62M |
| Net Debt | 9.15B | 8.40B | 7.00B | 7.09B | 5.12B | 4.31B |
| Gross Margin | 42.37% | 41.79% | 40.86% | 39.88% | 40.60% | 39.83% |
| Operating Margin | 18.06% | 11.97% | 15.41% | 17.22% | 16.90% | 7.57% |
| Net Margin | 11.37% | 6.92% | 9.51% | 11.59% | 10.05% | 3.76% |
| Return on Equity (ROE) | 13.06% | 7.86% | 9.92% | 11.76% | 8.84% | 2.98% |
| Return on Assets (ROA) | 5.10% | 3.12% | 4.26% | 4.88% | 4.20% | 1.46% |
| Current Ratio | 0.62× | 0.65× | 0.68× | 0.74× | 0.84× | 1.37× |
| Debt-to-Equity | 1.12× | 1.08× | 0.92× | 1.01× | 0.75× | 0.72× |
| Effective Tax Rate | 24.07% | 19.18% | 22.44% | 20.30% | 19.75% | 19.66% |
| Cash Conversion Ratio | 2.24× | 3.61× | 2.79× | 2.42× | 2.75× | 6.88× |
| Accruals Ratio | -0.06× | -0.08× | -0.08× | -0.07× | -0.07× | -0.09× |
| SBC % of Revenue | 0.84% | 0.87% | 0.88% | 0.88% | 0.95% | 0.84% |
| CapEx Coverage | 2.04× | 2.10× | 2.27× | 2.21× | 2.27× | 2.36× |
| Free Cash Flow Per Share | $4.77 | $4.52 | $4.61 | $4.29 | $3.63 | $3.08 |
Income Statement
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenue from Contract with Customer, Excluding Assessed Tax | 9.47B | 8.92B | 8.02B | 7.21B | 6.15B | 5.45B |
| Revenues | 9.47B | 8.92B | 8.02B | 7.21B | 6.15B | 5.45B |
| Cost of Goods and Services Sold | 5.46B | 5.19B | 4.74B | 4.34B | 3.65B | 3.28B |
| Selling, General and Administrative Expense | 959.54M | 883.45M | 799.12M | 696.47M | 612.34M | 537.63M |
| Operating Income (Loss) | 1.71B | 1.07B | 1.24B | 1.24B | 1.04B | 412.43M |
| Income Tax Expense (Benefit) | 341.36M | 146.36M | 220.68M | 212.96M | 152.25M | 49.92M |
| Net Income (Loss) Attributable to Parent | 1.08B | 617.57M | 762.80M | 835.66M | 618.05M | 204.68M |
| Earnings Per Share, Basic | $4.18 | $2.39 | $2.96 | $3.25 | $2.37 | $0.78 |
| Weighted Average Number of Shares Outstanding, Basic | 257.32M | 257.97M | 257.55M | 257.38M | 261.17M | 263.19M |
| Earnings Per Share, Diluted | $4.17 | $2.39 | $2.95 | $3.24 | $2.36 | $0.78 |
| Weighted Average Number of Shares Outstanding, Diluted | 257.98M | 258.66M | 258.15M | 258.04M | 261.73M | 263.69M |
Balance Sheet
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents, at Carrying Value | 45.97M | 62.37M | 78.40M | 78.64M | 147.44M | 617.29M |
| Assets, Current | 1.31B | 1.23B | 1.14B | 1.12B | 1.03B | 1.41B |
| Assets | 21.13B | 19.82B | 17.92B | 17.13B | 14.70B | 13.99B |
| Long-term Debt | — | — | — | — | — | 4.74B |
| Liabilities, Current | 2.12B | 1.88B | 1.69B | 1.51B | 1.23B | 1.03B |
| Long-term Debt, Excluding Current Maturities | — | — | — | 6.89B | 5.04B | 4.71B |
| Liabilities | 12.88B | 11.96B | 10.22B | 10.02B | 7.71B | 7.13B |
| Stockholders' Equity Attributable to Parent | 8.25B | 7.86B | 7.69B | 7.11B | 6.99B | 6.86B |
| Common Stock, Shares, Outstanding | 255.61M | 258.02M | 257.60M | 257.15M | 260.21M | 262.82M |
Cash Flow Statement
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Net Cash Provided by (Used in) Operating Activities | 2.41B | 2.23B | 2.13B | 2.02B | 1.70B | 1.41B |
| Payments to Acquire Property, Plant, and Equipment | 1.18B | 1.06B | 934.00M | 912.68M | 744.32M | 597.05M |
| Net Cash Provided by (Used in) Investing Activities | -2.02B | -3.16B | -1.58B | -3.09B | -1.69B | -1.05B |
| Payments for Repurchase of Common Stock | 505.52M | 0 | 0 | 425.00M | 338.99M | 105.65M |
| Net Cash Provided by (Used in) Financing Activities | -360.04M | 944.95M | -544.40M | 1.03B | -499.50M | -78.22M |
Derived Metrics
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Free Cash Flow | 249.00M | 172.59M | 1.06B | 681.98M | 329.08M | 171.35M |
| EBITDA | 678.83M | 740.00M | 754.92M | 767.20M | 680.16M | 122.60M |
| Working Capital | -631.15M | -812.70M | -683.98M | -651.46M | -548.44M | -651.92M |
| Net Debt | 9.39B | 9.15B | 8.90B | 8.63B | 8.66B | 8.40B |
| Gross Margin | 42.58% | 42.52% | 42.77% | 42.13% | 42.04% | 41.39% |
| Operating Margin | 15.36% | 17.73% | 17.88% | 19.09% | 17.51% | -8.81% |
| Net Margin | 9.25% | 10.89% | 11.64% | 12.06% | 10.84% | -8.67% |
| Return on Equity (ROE) | 2.72% | 3.14% | 3.54% | 3.47% | 3.01% | -2.49% |
| Return on Assets (ROA) | 1.04% | 1.22% | 1.38% | 1.40% | 1.19% | -0.99% |
| Current Ratio | 0.69× | 0.62× | 0.67× | 0.67× | 0.70× | 0.65× |
| Debt-to-Equity | 1.18× | 1.12× | 1.11× | 1.05× | 1.09× | 1.08× |
| Effective Tax Rate | 22.65% | 24.20% | 23.61% | 25.41% | 22.83% | 30.41% |
| Cash Conversion Ratio | 2.49× | 2.15× | 6.49× | 4.06× | 2.24× | -2.90× |
| Accruals Ratio | -0.02× | -0.01× | -0.08× | -0.04× | -0.01× | -0.04× |
| SBC % of Revenue | 0.74% | 0.80% | 2.46% | 1.74% | 1.05% | 0.74% |
| CapEx Coverage | 1.84× | 1.45× | 2.34× | 2.37× | 2.55× | 1.43× |
| Free Cash Flow Per Share | $0.97 | $0.67 | $4.12 | $2.63 | $1.27 | $0.66 |
Income Statement
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Revenue from Contract with Customer, Excluding Assessed Tax | 2.37B | 2.37B | 2.46B | 2.41B | 2.23B | 2.26B |
| Revenues | 2.37B | 2.37B | 2.46B | 2.41B | 2.23B | 2.26B |
| Cost of Goods and Services Sold | 1.36B | 1.36B | 1.41B | 1.39B | 1.29B | 1.32B |
| Selling, General and Administrative Expense | 251.12M | 229.97M | 236.48M | 242.97M | 250.13M | 211.34M |
| Operating Income (Loss) | 364.08M | 420.83M | 439.59M | 459.55M | 390.21M | -199.19M |
| Income Tax Expense (Benefit) | 64.22M | 82.51M | 88.50M | 98.88M | 71.47M | -85.64M |
| Net Income (Loss) Attributable to Parent | — | 258.50M | 286.27M | 290.28M | 241.51M | -196.00M |
| Earnings Per Share, Basic | $0.86 | $1.01 | $1.11 | $1.12 | $0.94 | $-0.76 |
| Weighted Average Number of Shares Outstanding, Basic | 255.35M | 257.32M | 256.95M | 258.38M | 258.19M | 257.97M |
| Earnings Per Share, Diluted | $0.86 | $1.01 | $1.11 | $1.12 | $0.93 | $-0.76 |
| Weighted Average Number of Shares Outstanding, Diluted | 255.87M | 257.98M | 257.58M | 258.98M | 258.90M | 258.66M |
Balance Sheet
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents, at Carrying Value | 112.45M | 45.97M | 117.60M | 110.17M | 111.23M | 62.37M |
| Assets, Current | 1.38B | 1.31B | 1.40B | 1.35B | 1.28B | 1.23B |
| Assets | 21.19B | 21.13B | 20.78B | 20.68B | 20.25B | 19.82B |
| Liabilities, Current | 2.01B | 2.12B | 2.09B | 2.00B | 1.83B | 1.88B |
| Liabilities | 13.13B | 12.88B | 12.69B | 12.32B | 12.24B | 11.96B |
| Stockholders' Equity Attributable to Parent | — | 8.25B | 8.09B | 8.35B | 8.01B | 7.86B |
| Common Stock, Shares, Outstanding | 254.21M | 255.61M | 255.98M | 258.35M | 258.32M | 258.02M |
Cash Flow Statement
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Net Cash Provided by (Used in) Operating Activities | 545.60M | 556.88M | 1.86B | 1.18B | 541.54M | 568.93M |
| Payments to Acquire Property, Plant, and Equipment | 296.60M | 384.29M | 794.94M | 497.76M | 212.46M | 396.69M |
| Net Cash Provided by (Used in) Investing Activities | -355.70M | -589.33M | -1.43B | -1.02B | -603.21M | -513.37M |
| Payments for Repurchase of Common Stock | 283.96M | 63.34M | 442.18M | 389.00K | 0 | 0 |
| Net Cash Provided by (Used in) Financing Activities | -96.14M | -28.55M | -331.49M | -92.48M | 113.38M | -95.41M |
Raw XBRL tagging for a single filing
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Methodology
All facts on this page come straight from SEC EDGAR XBRL
company-facts filings (WCN CIK 0001318220),
grouped by financial statement using FASB's base
us-gaap presentation taxonomy. Filers may re-parent
concepts onto different statements in their own extension
taxonomy, so a handful of rows can show up under a different
statement than on the actual 10-K / 10-Q; custom concepts and
any we couldn't map fall into Other. Hover a
cell to see the fully-qualified concept name and the filer's
description.
For the full methodology — statement grouping, the Other bucket, derived metrics, and fact tooltips — see the methodology reference for the statement grouping, the "Other" bucket, derived metrics, and fact tooltips.