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Waste Connections Inc (WCN) Financial History

20 years of revenue, earnings, cash-flow and balance-sheet history from public filings.

INDUSTRIALS · WASTE MANAGEMENT · DATA UPDATED 2026-07-21

Waste Connections Inc (WCN) operates in the WASTE MANAGEMENT industry and is headquartered in Woodbridge, Canada with about 24,214 employees. Its market capitalization is roughly $43 billion. In the fiscal year ended 2025-12-31, WCN reported $9.5B in revenue and $1.1B in net income.

Waste Connections, Inc. provides non-hazardous waste collection, transfer, and disposal services in the United States and Canada.

Interactive charts & full statements → Open the WCN valuation workbench →

WCN Revenue & Earnings History — Annual Income Statement

Income statement	TTM → 2026-03-31	2025-12-31	2024-12-31	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31	2011-12-31	2010-12-31	2009-12-31	2008-12-31	2007-12-31	2006-12-31
Total Revenue	$9.6B	$9.5B	$8.9B	$8.0B	$7.2B	$6.2B	$5.4B	$5.4B	$4.9B	$4.6B	$3.4B	$2.1B	$2.1B	$1.9B	$1.7B	$1.5B	$1.4B	$1.3B	$907M	$1.0B	$803M
Gross Profit	$3.8B	$3.7B	$3.7B	$3.3B	$2.9B	$2.5B	$2.2B	$2.2B	$2.1B	$1.9B	$1.4B	$940M	$941M	$864M	$705M	$467M	$438M	$401M	$280M	$334M	$250M
Gross Margin %	39.1%	39.0%	41.8%	40.9%	39.9%	40.6%	39.8%	40.6%	41.8%	41.6%	42.0%	44.4%	45.2%	44.8%	42.4%	31.9%	32.0%	30.9%	30.9%	32.0%	31.1%
Operating Income (EBIT)	$1.7B	$1.7B	$1.1B	$1.2B	$1.2B	$1.0B	$412M	$838M	$832M	$627M	$452M	($62M)	$449M	$393M	$327M	$310M	$283M	$250M	$184M	$225M	$168M
Operating Margin %	17.6%	18.1%	12.0%	15.4%	17.2%	16.9%	7.6%	15.6%	16.9%	13.5%	13.4%	-2.9%	21.6%	20.4%	19.7%	21.2%	20.7%	19.3%	20.3%	21.6%	20.9%
Net Income	$1.1B	$1.1B	$618M	$763M	$836M	$618M	$205M	$567M	$547M	$577M	$247M	($96M)	$233M	$196M	$159M	$161M	$140M	$119M	$89M	$108M	$75M
Net Margin %	11.0%	11.4%	6.9%	9.5%	11.6%	10.1%	3.8%	10.5%	11.1%	12.5%	7.3%	-4.5%	11.2%	10.1%	9.6%	11.0%	10.2%	9.2%	9.8%	10.3%	9.4%
EBITDA	$3.1B	$3.0B	$2.4B	$2.3B	$2.2B	$1.9B	$1.6B	$1.6B	$1.6B	$1.4B	$1.0B	$709M	$718M	$654M	$521M	$471M	$428M	$387M	$270M	$319M	$236M
Earnings Per Share (EPS)	$4.11	$4.21	$2.39	$2.95	$3.24	$2.36	$0.78	$2.14	$2.07	$2.18	$1.07	$-0.52	$1.24	$1.05	$0.87	$0.94	$0.80	$0.66	$0.55	$0.68	$0.48
Shares Outstanding (M)	256M	256M	259M	258M	258M	262M	264M	265M	264M	264M	231M	185M	187M	186M	183M	170M	175M	181M	161M	157M	158M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

WCN Quarterly Revenue & Earnings — Last 8 Quarters

Quarterly income statement	2026-03-31	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30
Total Revenue	$2.4B	$2.4B	$2.5B	$2.4B	$2.2B	$2.3B	$2.3B	$2.2B
Gross Profit	$1.0B	$701M	$1.1B	$1.0B	$937M	$936M	$994M	$947M
Gross Margin %	42.6%	29.1%	42.8%	42.1%	42.0%	41.4%	42.5%	42.1%
Operating Income (EBIT)	$364M	$433M	$440M	$460M	$390M	($199M)	$475M	$425M
Operating Margin %	15.4%	18.0%	17.9%	19.1%	17.5%	-8.8%	20.3%	18.9%
Net Income	$219M	$262M	$286M	$290M	$242M	($196M)	$308M	$275M
Net Margin %	9.2%	10.9%	11.6%	12.1%	10.8%	-8.7%	13.2%	12.2%
EBITDA	$766M	$757M	$775M	$780M	$698M	$254M	$779M	$723M
Earnings Per Share (EPS)	$0.86	$1.02	$1.11	$1.12	$0.93	$-0.76	$1.19	$1.07
Shares Outstanding (M)	256M	256M	258M	259M	259M	259M	259M	259M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

WCN Free Cash Flow History

Cash flow	TTM → 2026-03-31	2025-12-31	2024-12-31	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31	2011-12-31	2010-12-31	2009-12-31	2008-12-31	2007-12-31	2006-12-31
Cash from Operations (CFO)	$2.4B	$2.4B	$2.2B	$2.1B	$2.0B	$1.7B	$1.4B	$1.5B	$1.4B	$1.2B	$795M	$577M	$545M	$484M	$416M	$388M	$328M	$304M	$270M	$219M	$204M
Capital Expenditures (CapEx)	$1.3B	$1.2B	$1.1B	$934M	$913M	$744M	$665M	$666M	$546M	$479M	$345M	$239M	$241M	$210M	$154M	$142M	$135M	$128M	$113M	$124M	$97M
Free Cash Flow (FCF)	$1.1B	$1.2B	$1.2B	$1.2B	$1.1B	$954M	$744M	$874M	$865M	$708M	$451M	$338M	$304M	$274M	$263M	$246M	$194M	$175M	$157M	$95M	$108M
FCF Margin %	11.8%	12.8%	13.2%	14.9%	15.4%	15.5%	13.7%	16.2%	17.6%	15.3%	13.4%	16.0%	14.6%	14.2%	15.8%	16.8%	14.1%	13.5%	17.3%	9.1%	13.4%
Dividends Paid	$341M	$334M	$302M	$271M	$243M	$220M	$200M	$175M	$153M	$132M	$93M	$66M	$59M	$51M	$44M	$36M	$9M	—	—	—	—

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

WCN Quarterly Free Cash Flow — Last 8 Quarters

Quarterly cash flow	2026-03-31	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30
Cash from Operations (CFO)	$546M	$557M	$677M	$638M	$542M	$569M	$558M	$611M
Capital Expenditures (CapEx)	$297M	$399M	$297M	$285M	$212M	$397M	$272M	$217M
Free Cash Flow (FCF)	$249M	$157M	$380M	$353M	$329M	$172M	$286M	$394M
FCF Margin %	10.5%	6.5%	15.5%	14.7%	14.8%	7.6%	12.2%	17.5%
Dividends Paid	$89M	$90M	$81M	$81M	$81M	$81M	$74M	$74M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

WCN Balance Sheet History

Balance sheet	2026-03-31	2025-12-31	2024-12-31	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31	2011-12-31	2010-12-31	2009-12-31	2008-12-31	2007-12-31	2006-12-31
Total Assets	$21.2B	$21.2B	$19.8B	$17.9B	$17.1B	$14.7B	$14.0B	$13.7B	$12.6B	$12.0B	$11.1B	$5.1B	$5.2B	$5.1B	$5.1B	$3.3B	$2.9B	$2.8B	$2.6B	$2.0B	$1.8B
Cash & Cash Equivalents	$112M	$46M	$62M	$78M	$79M	$147M	$617M	$327M	$319M	$434M	$154M	$11M	$14M	$14M	$23M	$13M	$10M	$10M	$265M	$10M	$35M
Total Liabilities	$13.1B	$13.0B	$12.0B	$10.2B	$10.0B	$7.7B	$7.1B	$6.8B	$6.2B	$5.7B	$5.5B	$3.1B	$3.0B	$3.0B	$3.2B	$1.9B	$1.5B	$1.5B	$1.3B	$1.2B	$1.0B
Total Debt (Short + Long-Term)	$9.1B	$8.9B	$8.1B	$6.8B	$6.9B	$5.1B	$4.7B	$4.4B	$4.2B	$3.9B	$3.6B	$1.5B	$2.0B	$2.1B	$2.2B	$1.2B	$925M	$882M	$840M	$733M	$644M
Total Shareholders' Equity	$8.1B	$8.2B	$7.9B	$7.7B	$7.1B	$7.0B	$6.9B	$6.9B	$6.5B	$6.3B	$5.6B	$2.0B	$2.2B	$2.0B	$1.9B	$1.4B	$1.4B	$1.4B	$1.3B	$775M	$736M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

Quarterly statements, profitability ratios, price history, insider activity and institutional holders are in the interactive WCN viewer.

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