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Waste Connections WCN.TO · CAD

Industrials · Toronto Stock Exchange · 🇨🇦 Canada

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268.10

+0.51%

Close of 9 Nov 2026, in CAD

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Reference data, closing prices and charts across 45,000 companies, plus crypto, commodities and currencies.

At a glance

Figures in USD, from our data supplier.

FY2025

Revenue

$9.47bn

FY2016FY2025

Net income

$1.08bn

FY2016FY2025

Free cash flow

$1.22bn

FY2016FY2025

Shareholders' equity

$8.25bn

FY2016FY2025

Income statement

Fiscal years

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue$9.47bn$8.92bn$8.02bn$7.21bn$6.15bn$5.45bn$5.39bn$4.92bn$4.63bn$3.38bn
Gross profit$4.01bn$3.73bn$3.28bn$2.88bn$2.50bn$2.17bn$2.19bn$2.06bn$1.93bn$1.42bn
Operating income$1.71bn$1.38bn$1.50bn$1.24bn$1.20bn$883.0m$837.8m$832.2m$627.1m$452.3m
Net income$1.08bn$617.6m$762.8m$835.7m$618.0m$204.7m$566.8m$546.9m$576.8m$246.5m
Diluted earnings per share4.202.392.953.242.370.782.142.072.180.93

Balance sheet

At each fiscal year end

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Total assets$21.13bn$19.82bn$17.92bn$17.13bn$14.70bn$13.99bn$13.74bn$12.63bn$12.01bn$11.19bn
Cash and short-term investments$46.0m$62.4m$78.4m$78.6m$147.4m$617.3m$326.7m$319.3m$433.8m$154.4m
Total liabilities$12.88bn$11.96bn$10.22bn$10.02bn$7.71bn$7.13bn$6.80bn$6.17bn$5.74bn$5.54bn
Debt$9.13bn$8.39bn$7.02bn$7.10bn$5.21bn$4.89bn$4.54bn$4.16bn$3.91bn$3.62bn
Shareholders' equity$8.25bn$7.86bn$7.69bn$7.11bn$6.99bn$6.86bn$6.93bn$6.45bn$6.27bn$5.65bn
Shares outstanding256m258m258m258m261m264m265m264m265m264m

Cash flow

Fiscal years

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash from operations$2.41bn$2.23bn$2.13bn$2.02bn$1.70bn$1.41bn$1.54bn$1.41bn$1.19bn$795.3m
Capital spending−$1.19bn−$1.06bn−$934.0m−$912.7m−$744.3m−$664.6m−$666.1m−$546.1m−$479.3m−$344.7m
Free cash flow$1.22bn$1.17bn$1.19bn$1.11bn$953.9m$744.0m$874.5m$865.1m$708.0m$450.6m
Dividends paid−$333.8m−$302.3m−$270.6m−$243.0m−$220.2m−$199.9m−$175.1m−$152.6m−$132.0m−$92.5m

Latest quarters

By quarter end

Jun 2026Mar 2026Dec 2025Sept 2025Jun 2025Mar 2025Dec 2024Sept 2024
Revenue$2.50bn$2.37bn$1.12bn$3.71bn$2.41bn$2.23bn$2.26bn$2.34bn
Gross profit$737.0m$1.01bn$1.37bn$688.1m$1.01bn$936.7m$935.5m$994.4m
Operating income$426.3m$364.1m$420.8m$439.6m$459.5m$390.2m−$201.4m$475.3m
Net income$288.7m$219.3m$258.5m$286.3m$290.3m$241.5m−$196.0m$308.0m
Diluted earnings per share1.140.861.011.121.130.94-0.761.19
Cash from operations$713.0m$536.0m$556.0m$677.0m$638.0m$541.0m$568.0m$558.0m
Capital spending−$343.0m−$291.0m−$399.0m−$497.0m−$285.0m−$212.0m−$396.0m−$272.0m
Free cash flow$370.0m$245.0m$157.0m$180.0m$353.0m$329.0m$172.0m$286.0m
Total assets$21.36bn$21.20bn$21.13bn$20.78bn$20.68bn$20.25bn$19.82bn$20.10bn
Cash and short-term investments$98.0m$112.5m$46.0m$117.6m$110.2m$111.2m$62.4m$115.3m
Debt$9.41bn$9.20bn$8.86bn$8.63bn$8.39bn$8.44bn$8.12bn$8.21bn
Shareholders' equity$7.91bn$8.06bn$8.25bn$8.09bn$8.35bn$8.01bn$7.86bn$8.26bn

Financial ratios

Data as of 19 Sept 2026

FY2025FY2024FY2023FY2022FY2021FY2020
Gross margin42.4%41.8%40.9%39.9%40.6%39.8%
Operating margin18.1%15.5%18.7%17.2%19.5%16.2%
Net margin11.4%6.9%9.5%11.6%10.0%3.8%
Return on equity13.1%7.9%9.9%11.8%8.8%3.0%
Return on assets5.1%3.1%4.3%4.9%4.2%1.5%
Free cash flow yield6.4%5.8%5.4%5.2%4.3%3.6%
Revenue growth6.1%11.2%11.2%17.2%13.0%1.1%
Earnings growth74.3%-19.0%-8.7%35.2%202.0%-63.9%
Current ratio0.62x0.65x0.68x0.74x0.84x1.37x
Debt to equity1.08x1.03x0.88x0.98x0.73x0.69x
Equity ratio39.0%39.7%42.9%41.5%47.5%49.0%
Interest coverage5.11x4.23x5.47x6.14x7.37x5.44x
Buybacks as a share of market value0.6%0.1%-0.1%1.3%0.9%0.4%

Growth per year

Compound annual rate

3 years5 years10 years
Revenue9.5%11.7%16.2%
Operating income11.2%14.1%—
Net income8.8%39.4%—

Average margins

Over each period

1 year3 years5 years10 years
Gross margin42.1%41.3%41.0%41.3%
Operating margin16.8%17.4%17.5%16.2%
Net margin9.2%9.8%9.1%9.1%

Valuation history

At each fiscal year end

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Price to earnings41.871.750.640.957.2132.142.435.932.555.8
Price to sales4.85.04.84.75.75.04.54.04.04.1

Dividends and splits

Per share, in the currency the company pays

Paid for 24 years. Last went ex-dividend on 6 Aug 2026.

FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019
Paid in the year1.3171.2951.171.050.9450.8450.760.665
  • 3-for-2 split · 19 Jun 2017
  • 2.0768-to-1 reverse split · 1 Jun 2016

Sources and methodology

Data on this tab
Our data supplier
Chart on the Overview
TradingView

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