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NYSE · CIK 0001318220 · REFUSE SYSTEMS

Waste Connections, Inc.

WCN chart by TradingView
P/E 39.9xP/B 5.3xP/SALES 4.3xEV/EBITDA FCF YIELD 2.91%

PRICE HISTORY

LIVE · NYSE
WCN chart by TradingView
REVENUE FY2025 ENDED DEC 2025
$9.5B
EBITDA
$2.9B
FREE CASH FLOW
$1.2B
EPS
$4.17
GROSS MARGIN
42.37%
ROIC
Q2 FY26ENDED JUN 2026HOVERDRAG ACROSS ANY CHART TO SCRUB ALL 24 · 40 QUARTERS SHOWNVALUATIONGROWTHPROFITABILITY & RETURNSCASH & CAPITALBALANCE SHEET

VALUATION

what you pay for a unit of the business7 CHARTS

P / E RATIO (TTM)

39.9x
-53%
LATEST · Q2 FY26
39.9xQ3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26
27.6x132.1x

P / SALES (TTM)

4.3x
-37%
LATEST · Q2 FY26
4.3xQ3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26
3.7x6.8x

P / BOOK

5.3x
+52%
LATEST · Q2 FY26
5.3xQ3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26
2.7x6.3x

EV / EBITDA (TTM)

-78%
LATEST · Q2 FY26
Q3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26
15.1x86.0x

EV / REVENUE (TTM)

-29%
LATEST · Q2 FY26
Q3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26
4.4x8.1x

FCF YIELD (TTM)

2.91%
+0.8pp
LATEST · Q2 FY26
2.91%Q3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26
2.09%4.41%

DIVIDEND YIELD (TTM)

LATEST · Q2 FY26
Q3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26

GROWTH

is the business getting bigger5 CHARTS

REVENUE

$2.6B
+136%
LATEST · Q2 FY26
2.6BQ3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26

EBITDA (DERIVED)

$0.8B
+168%
LATEST · Q2 FY26
0.8BQ3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26

NET INCOME

$0.3B
+234%
LATEST · Q2 FY26
0.3BQ3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26

EPS (DILUTED)

$1.17
+421%
LATEST · Q2 FY26
1.17Q3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26

REVENUE GROWTH YOY

6.42%
-105.6pp
LATEST · Q2 FY26
6.42%Q3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26
-4.66%112.03%

PROFITABILITY & RETURNS

what survives to the bottom, and what it earns on capital4 CHARTS

FCF MARGIN

16.82%
-0.4pp
LATEST · Q2 FY26
16.82%Q3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26
3.33%21.75%

RETURN ON CAPITAL

+7.1pp
LATEST · Q2 FY26
Q3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26
-1.05%7.29%

RETURN ON EQUITY (TTM)

13.39%
+15.1pp
LATEST · Q2 FY26
13.39%Q3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26
-1.71%13.39%

MARGIN FUNNEL

every line is a share of the same revenue, so they read on one scale — the gaps are what each layer takes out, and net rises above operating when income arrives from outside the business
GROSS MARGIN42.25%
OPERATING MARGIN17.08%
NET MARGIN11.57%
FCF MARGIN16.82%
48.8330.6612.49-5.68-23.85GROSSOPERNETFCFQ3 FY16Q3 FY17Q3 FY18Q3 FY19Q3 FY20Q3 FY21Q3 FY22Q3 FY23Q3 FY24Q3 FY25Q2 FY26

CASH & CAPITAL

where the money actually goes5 CHARTS

FREE CASH FLOW

$0.4B
+131%
LATEST · Q2 FY26
0.4BQ3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26

STOCK-BASED COMP

$0.0B
+164%
LATEST · Q2 FY26
0.0BQ3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26

CAPITAL EXPENDITURE

$0.3B
+226%
LATEST · Q2 FY26
0.3BQ3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26

SHARES OUTSTANDING

0.25B
-36%
LATEST · Q2 FY26
0.25BQ3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26

DIVIDEND / SHARE

+164%
LATEST · Q2 FY26
Q3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26

BALANCE SHEET

how much cushion there is3 CHARTS

CASH & EQUIVALENTS

$0.1B
-18%
LATEST · Q2 FY26
0.1BQ3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26

TOTAL DEBT

+89%
LATEST · Q2 FY26
Q3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26

DEBT / EBITDA (TTM)

-77%
LATEST · Q2 FY26
Q3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26
2.4x13.6x

OWNERSHIP

10 LARGEST HOLDERS · WHO OWNS THE FLOAT
INSTITUTIONS 90.79%INSIDERS 0.26%OTHER / RETAIL 8.96%1,180 INSTITUTIONAL FILERS
HOLDER% HELDSHARESVALUECHANGE
Vanguard Capital Management LLC6.28%15.9M$2.64BNEW
Royal Bank of Canada4.84%12.2M$2.04B+1.4%
Vanguard Portfolio Management LLC4.41%11.1M$1.86BNEW
FMR, LLC3.55%9.0M$1.49B-12.7%
Bank of Montreal /CAN/3.22%8.1M$1.36B-5.5%
1832 Asset Management L.P.2.82%7.1M$1.19B+25.9%
Blackrock Inc.2.45%6.2M$1.03B+4.4%
Capital International Investors2.07%5.2M$871.6M-19.2%
Mackenzie Financial Corporation1.97%5.0M$830.3M-11.4%
Wellington Management Group, LLP1.96%4.9M$822.8M+5.5%
AS OF 2026-03-31 · MOST RECENT 13F FILINGS
SOURCE → 10-K · 10-Q · 8-K / GUIDANCE · ALL FILINGS
FILING DATA AS OF 2026-08-10. Figures are derived from public SEC EDGAR filings (40most recent quarters shown, Q4 implied as full-year minus Q1-Q3). Valuation multiples use each period’s fiscal period-end close. Live price charts and quotes are provided by TradingView. This page is informational only — it is not investment advice, and figures are not warranted for accuracy. EBITDA is not a GAAP measure; it is derived as operating income + D&A. Verify against the linked source filing before relying on any number here.