Waste Connections, Inc. logo WCN - Waste Connections, Inc.

Price: -- -- | CONSENSUS: Buy DETAILS
STRONG
BUY
1
BUY 25
HOLD 7
SELL 0
STRONG
SELL
0
| PRICE TARGET: $205.58 DETAILS
HIGH: $218.00
LOW: $180.00
MEDIAN: $206.50
CONSENSUS: $205.58
UPSIDE: 32.03%
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997
Revenue
Revenue 9,503.4 8,919.6 8,022.0 7,211.9 6,151.4 5,446.0 5,388.7 4,922.9 4,630.5 3,375.9 2,117.3 2,079.2 1,928.8 1,661.6 1,462.7 1,368.1 1,296.1 907.3 1,042.5 803.4 748.8 161.4 563.5 498.7 377.5 304.4 182.6 54 6.2
Cost of Revenue 5,800.4 5,191.7 4,744.5 4,336.0 3,654.1 3,276.8 3,198.8 2,865.7 2,704.8 1,957.7 1,177.4 1,138.4 1,064.8 956.4 995.6 929.8 895.5 627.2 708.8 553.2 499.6 123.8 316.8 281.3 210.6 174.5 111.3 36.4 3.8
Gross Profit 3,703.0 3,727.9 3,277.4 2,875.8 2,497.3 2,169.2 2,189.9 2,057.2 1,925.7 1,418.2 939.9 940.8 864.0 705.3 467.1 438.3 400.6 280.2 333.7 250.2 249.2 37.7 246.7 217.3 166.9 129.8 71.3 17.6 2.4
Operating Expenses
R&D Expenses 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
SG&A Expenses 946.6 855.8 774.1 671.4 592.6 522.3 530.8 503.8 477.0 382.3 233.2 227.3 209.9 184.1 157.4 155.3 150.2 96.1 108.3 82.4 75.1 23.4 54.4 47.4 32.0 25.4 15.7 5.3 0.6
Other Expenses 1,033.7 1,804.4 1,267.0 962.2 865.0 1,234.5 821.3 721.2 821.6 583.6 768.2 264.2 260.6 0 0 0 0 0 0 0 0 0 101.7 86.3 73.0 52.6 30.7 9.6 1.8
Operating Expenses 1,980.3 2,660.2 2,041.1 1,633.7 1,457.7 1,756.8 1,352.1 1,225.0 1,298.6 965.9 1,001.4 491.5 470.5 387.1 157.4 155.3 150.2 96.1 108.3 82.4 75.1 23.4 101.7 86.3 73.0 52.6 30.7 9.6 1.8
Operating Income
Operating Income 1,722.6 1,067.7 1,236.3 1,242.2 1,039.6 412.4 837.8 832.2 627.1 452.3 (61.5) 449.3 393.4 327.3 309.7 282.9 250.4 184.1 225.4 167.8 174.1 14.3 145.0 131.0 93.9 77.2 40.6 8 0.6
Interest Expense 331.7 291.6 259.7 200.6 181.5 181.2 142.6 125.4 126.9 85.0 59.2 61.7 71.4 53.2 43.3 41.6 53.5 37.3 36.4 28.2 24.4 5.1 0 0 0 0 0 0 0
Interest Income 12.2 11.0 9.5 5.7 2.9 5.5 10.0 6.8 5.4 0.6 0 0 0 0 0.5 0.6 1.5 2.9 0 0 0 0 0 0 0 0 0 0 0
Profitability
EBITDA 3,009.4 2,389.8 2,345.5 2,186.2 1,891.0 1,597.6 1,605.1 1,553.4 1,380.6 1,034.9 709.3 717.8 654.0 520.9 471.0 428.2 386.5 270.1 318.6 236.3 242.2 54.7 195.1 170.2 131.6 104.4 55.8 18.0 2.7
EBIT 1,772.4 1,226.0 1,342.2 1,267.2 1,078.0 845.2 861.2 872.9 748.1 571.0 439.9 459.9 410.1 327.3 308.6 275.3 244.3 185.9 225.5 163.4 174.8 15.1 145.4 129.0 93.9 77.2 41.0 10.0 (1.3)
Income Before Tax 1,423.2 762.9 983.5 1,049.0 770.7 253.9 705.9 707.1 508.5 361.4 (126.3) 385.7 320.9 265.1 265.4 233.7 190.8 148.6 189.1 135.1 150.4 10.0 102.5 88.6 50.6 47.5 20.1 5.2 (5.4)
Income Tax Expense 342.6 146.4 220.7 213.0 152.3 49.9 139.2 160.0 (68.9) 114.0 (31.6) 152.3 124.9 105.4 103.9 92.6 70.2 49.1 65.2 47.1 49.9 (6.7) 37.2 33.1 19.9 19.3 10.9 2.4 (0.3)
Net Income 1,080.5 617.6 762.8 835.7 618.0 204.7 566.8 546.9 576.8 246.5 (95.8) 232.5 195.7 159.1 160.6 140.0 119.5 89.0 107.8 75.5 87.1 16.7 65.6 55.5 30.5 28.2 9.2 1.8 (5.1)
Per Share Data
EPS (Basic) 4.19 2.39 2.96 3.25 2.37 0.78 2.20 2.07 2.19 1.07 -0.52 1.25 1.05 0.87 0.98 0.78 0.61 0.65 0.64 0.51 0.53 0.46 0.45 0.39 0.22 0.24 0.10 0.03 -0.12
EPS (Diluted) 4.18 2.39 2.95 3.24 2.36 0.78 2.19 2.07 2.18 1.07 -0.52 1.24 1.05 0.87 0.97 0.77 0.61 0.64 0.63 0.49 0.52 0.44 0.43 0.37 0.22 0.23 0.09 0.02 -0.18
Shares Outstanding 255.8 258.0 257.6 257.4 261.2 263.2 263.8 263.7 263.7 230.3 184.2 186.3 185.4 181.8 169.1 173.5 178.7 157.6 153.5 153.3 157.6 157.2 143.4 140.5 137.0 118.0 94.4 52.7 43.1
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2009 2008 2004 2003 2002 2001 2000 1999 1998 1997
Current Assets
Cash & Cash Equivalents 45.9 62.4 78.4 78.6 147.4 617.3 326.7 319.3 433.8 154.4 9.6 265.3 3.6 5.3 4.1 7.3 2.5 2.4 3.4 0.8
Short-Term Investments 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Net Receivables 1,067.6 972.6 885.1 876.9 770.9 680.3 662.8 609.5 554.5 485.1 139.0 118.5 80.9 72.5 63.5 51.4 42.2 28.4 10.8 3.9
Inventory 78.7 71.2 61.7 55.2 44.3 36.7 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Current Assets 70.7 66.6 76.1 63.2 37.0 46.5 0 0 1.6 6.3 17.7 22.3 0 0 0 0 4.4 3.5 2.3 0.4
Total Current Assets 1,309.2 1,226.9 1,141.8 1,117.6 1,032.8 1,408.3 1,130.6 1,092.9 1,176.9 743.4 199.9 429.2 101.5 89.0 76.2 66.8 49.0 34.5 20.6 5.1
Non-Current Assets
Property, Plant & Equipment 9,029.4 8,344.1 7,490.1 7,143.4 5,882.5 5,455.4 5,699.6 5,169.0 4,820.9 4,738.1 1,308.4 984.1 640.7 613.2 578.0 465.8 384.2 334.8 33 4.2
Goodwill 8,377.0 7,950.4 7,404.4 6,902.3 6,187.6 5,726.6 5,510.9 5,031.7 4,681.8 4,390.3 906.7 836.9 0 0 0 0 0 0 0 0
Intangible Assets 2,002.5 1,991.6 1,603.5 1,673.9 1,350.6 1,155.1 1,163.1 1,128.6 1,087.4 1,067.2 354.3 306.4 711.5 654.8 582.5 428.0 363.5 237.4 98.8 9.4
Long-Term Investments 265.6 227.7 182.0 170.7 131.0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Non-Current Assets 107.2 77.0 94.0 126.6 115.4 246.9 233.6 205.1 247.7 165.1 51.2 43.6 37.8 38.9 25.2 18.8 13.3 10.8 2.7 0.2
Total Non-Current Assets 19,920.9 18,590.9 16,774.1 16,017.0 13,667.1 12,584.1 12,607.1 11,534.4 10,837.8 10,360.5 2,620.6 2,171.1 1,390.0 1,306.9 1,185.7 912.6 761.1 583.4 155.5 13.8
Total Assets 21,230.1 19,817.8 17,915.9 17,134.6 14,699.9 13,992.4 13,737.7 12,627.3 12,014.7 11,103.9 2,820.4 2,600.4 1,491.5 1,396.0 1,261.9 979.4 810.1 618.0 176.1 18.9
Current Liabilities
Account Payables 763.8 637.4 642.5 638.7 392.9 290.8 437.0 360.0 330.5 251.3 86.7 65.5 34.3 38.7 30.7 29.2 25.6 20.3 8.8 2.6
Short-Term Debt 67.5 7.9 26.5 6.8 6.0 8.3 0.5 1.8 11.7 1.6 14.7 9.0 17.9 9.7 3.6 5.3 3.6 3.0 13.5 0
Deferred Revenue 415.3 382.5 355.2 325.0 273.7 233.6 216.4 179.3 145.2 134.1 50.1 45.7 24.2 23.7 19.0 13.4 0 0 0 0
Other Current Liabilities 721.5 70.1 109.1 68.5 89.6 69.8 37.1 24.2 28.6 41.6 0 0 0 0 0 0 30.2 21.3 12.3 1.7
Total Current Liabilities 2,120.4 1,878.8 1,687.9 1,512.6 1,232.7 1,028.7 1,007.2 886.8 802.6 692.2 244.9 215.5 114.3 104.1 99.3 71.4 59.4 44.7 34.6 4.3
Non-Current Liabilities
Long-Term Debt 9,061.6 8,072.9 6,724.8 6,890.1 5,040.5 4,708.7 4,353.8 4,153.5 3,899.6 3,616.8 867.6 819.8 489.3 601.9 578.5 416.2 334.2 275.1 67.9 6.8
Deferred Tax Liabilities 1,222.8 958.3 1,022.5 1,013.7 850.9 760.0 818.6 760.0 690.8 778.7 305.9 251.5 146.9 120.2 94.5 78.7 76.2 74.4 2.3 0.2
Other Non-Current Liabilities 328.4 775.2 544.5 439.0 452.6 484.3 459.7 366.8 347.7 361.4 45.0 51.6 9.0 8.4 14.8 13.3 6.1 5.2 4.4 0.7
Total Non-Current Liabilities 10,879.3 10,078.6 8,530.2 8,508.3 6,473.6 6,100.3 5,792.1 5,280.3 4,938.0 4,756.9 1,218.5 1,122.9 645.2 730.5 687.8 508.1 416.5 354.8 74.6 7.7
Total Liabilities 12,999.7 11,957.5 10,218.1 10,021.0 7,706.4 7,128.9 6,799.3 6,167.1 5,740.6 5,538.2 1,463.4 1,345.2 759.5 834.5 787.1 579.6 475.9 398.8 88.2 12
Stockholders' Equity
Common Stock 2,778.4 3,283.2 3,276.7 3,272.0 3,693.0 4,030.4 4,135.3 4,131.3 4,187.6 4,174.8 0.8 0.8 0.5 0.3 0.3 0.3 0.3 0.2 0 0
Retained Earnings 5,190.3 4,457.0 4,141.7 3,649.5 3,056.8 2,659.0 2,654.2 2,264.5 1,856.9 1,413.5 732.7 630.0 261.4 189.1 123.5 68.0 37.5 9.3 (4.8) (5.6)
Accumulated Other Comprehensive Income (110.8) (205.7) (9.8) (56.8) 39.6 (0.7) (11.0) (74.8) 108.4 (43.0) (4.9) (23.9) 1.3 (0.0) (4.8) (4.9) 0 (0.2) 0 0
Total Stockholders' Equity 8,230.4 7,860.4 7,692.8 7,108.7 6,988.9 6,859.3 6,933.5 6,454.6 6,268.7 5,647.5 1,353.8 1,254.7 707.5 537.5 451.7 380.0 334.2 218.5 61.1 6.9
Total Liabilities & Equity 21,230.1 19,817.8 17,915.9 17,134.6 14,699.9 13,992.4 13,737.7 12,627.3 12,014.7 11,193.1 2,820.4 2,600.6 1,491.5 1,396.0 1,261.9 979.4 810.1 617.3 149.3 18.9
Debt Metrics
Total Debt 9,395.6 8,393.4 7,022.2 7,097.5 5,214.2 4,894.8 4,544.2 4,155.3 3,911.2 3,618.4 882.3 828.8 507.3 611.6 582.1 421.5 337.8 278.2 81.4 6.8
Net Debt 9,349.7 8,331.0 6,943.8 7,018.9 5,066.7 4,277.5 4,217.5 3,835.9 3,477.4 3,464.0 872.6 563.6 503.7 606.4 578.1 414.2 335.4 275.8 78 6
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2005 2004 2003 2002 2001 2000 1999 1998 1997
Operating Activities
Net Income 1,076.6 616.6 762.8 836.0 618.5 204.0 566.7 547.2 577.4 247.3 83.9 72.3 65.6 55.5 30.5 28.2 9.2 2.8 (5.1)
Depreciation & Amortization 1,232.1 1,163.8 1,003.2 919.0 813.0 752.4 743.9 680.5 632.5 463.9 67.0 60.6 49.8 41.2 37.7 27.2 15 4.3 1.2
Stock-Based Compensation 79.4 77.9 70.4 63.5 58.2 45.8 42.7 43.8 39.4 44.8 0 0 0 0 0 0 0 0 0
Change in Working Capital (264.2) (209.3) 12.5 72.8 19.0 (24.0) 27.3 31.4 (70.7) (35.2) 27.2 (3.0) (0.1) 11.4 (12.3) (4.5) (6.1) (3.4) 2.4
Other Non-Cash Items 173.5 637.3 271.5 37.8 174.9 480.8 105.4 30.5 162.0 32.2 22.5 23.2 14.0 9.7 18.8 1.6 1.6 0.2 0.1
Operating Cash Flow 2,414.1 2,228.9 2,126.8 2,022.5 1,698.2 1,408.5 1,540.5 1,411.2 1,187.3 795.3 199.8 179.6 157.2 127.9 87.2 53.8 21.9 6.1 2.6
Investing Activities
Capital Expenditure (1,194.4) (1,056.0) (934) (912.7) (744.3) (664.6) (666.1) (546.1) (479.3) (344.7) (97.5) (71.2) (70.2) (56.8) (40.2) (25.4) (252.3) (62.5) (11.8)
Acquisitions (817.6) (2,083.9) (676.8) (2,206.9) (985.4) (388.8) (761.6) (830.1) (410.7) 48.6 (80.8) (46.8) (84.9) (166.6) (52.9) (168.3) 0 0 0
Purchases of Investments 0 0 0 0 0 0 0 0 (105.9) (0.4) 0 0 0 0 0 0 0 0 0
Sales/Maturities of Investments 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Investing Activities (11.3) (19.3) 29.7 32.4 36.3 7.3 1.7 4.4 (76.2) (0.3) 5.1 5.5 (5.9) 0.5 2.2 0.7 (3.9) (0.1) (0.1)
Investing Cash Flow (2,023.2) (3,159.2) (1,581.1) (3,087.2) (1,693.5) (1,046.0) (1,426.0) (1,371.8) (966.2) (296.4) (173.3) (112.5) (161.0) (222.9) (90.8) (193.0) (256.2) (62.5) (11.9)
Financing Activities
Net Debt Issuance 544.4 1,319.0 (233.4) 1,742.2 219.1 272.7 105.1 52.0 203.6 (244.8) 75.7 (21.5) 8.1 90.0 16.9 54.9 170 33.9 6.2
Stock Repurchased (505.5) 0 0 (425.0) (339.0) (105.7) 0 (58.9) 0 0 (113.9) (72.9) 0 0 0 0 0 0 0
Dividends Paid (333.8) (302.3) (270.6) (243.0) (220.2) (199.9) (175.1) (152.6) (132.0) (92.5) (10.5) (11.0) 0 0 0 0 (0.5) (0.2) 0
Other Financing Activities (70.9) (73.9) (41.2) (46.3) (159.8) (46.0) (29.9) (13.0) (0.9) (37.4) (2.7) 16.6 (4.1) (2.9) (16.0) 2.3 (2.8) 0.6 (0.5)
Financing Cash Flow (360.0) 944.9 (544.4) 1,028.5 (499.5) (78.2) (95.9) (187.6) 56.8 (354.9) (22.6) (68.8) 4.9 91.8 8.5 139.3 233.3 58.3 10.1
Cash Position
Net Change in Cash 31.4 14.1 2.7 (38.3) (494.8) 291.2 19.3 (149.3) 279.4 143.4 3.9 (1.7) 1.2 (3.2) 4.8 0.1 (1) 58.3 10.1
Cash at Beginning 198.2 184.0 181.4 219.6 714.4 423.2 404.0 553.2 154.4 11.0 3.6 5.3 4.1 7.3 2.5 2.4 3.4 0.8 0
Cash at End 229.6 198.2 184.0 181.4 219.6 714.4 423.2 404.0 433.8 154.4 7.5 3.6 5.3 4.1 7.3 2.5 2.4 59.1 10.1
Free Cash Flow 1,219.7 1,172.9 1,192.8 1,109.8 953.9 744.0 874.5 865.1 708.0 450.6 102.3 108.4 87.0 71.1 47.0 28.4 (230.4) (56.4) (9.2)
Key Metrics 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997
Income Statement
Revenue 9,503.4 8,919.6 8,022.0 7,211.9 6,151.4 5,446.0 5,388.7 4,922.9 4,630.5 3,375.9 2,117.3 2,079.2 1,928.8 1,661.6 1,462.7 1,368.1 1,296.1 907.3 1,042.5 803.4 748.8 161.4 563.5 498.7 377.5 304.4 182.6 54 6.2
Gross Profit 3,703.0 3,727.9 3,277.4 2,875.8 2,497.3 2,169.2 2,189.9 2,057.2 1,925.7 1,418.2 939.9 940.8 864.0 705.3 467.1 438.3 400.6 280.2 333.7 250.2 249.2 37.7 246.7 217.3 166.9 129.8 71.3 17.6 2.4
Operating Income 1,722.6 1,067.7 1,236.3 1,242.2 1,039.6 412.4 837.8 832.2 627.1 452.3 (61.5) 449.3 393.4 327.3 309.7 282.9 250.4 184.1 225.4 167.8 174.1 14.3 145.0 131.0 93.9 77.2 40.6 8 0.6
Net Income 1,080.5 617.6 762.8 835.7 618.0 204.7 566.8 546.9 576.8 246.5 (95.8) 232.5 195.7 159.1 160.6 140.0 119.5 89.0 107.8 75.5 87.1 16.7 65.6 55.5 30.5 28.2 9.2 1.8 (5.1)
EPS (Diluted) 4.18 2.39 2.95 3.24 2.36 0.78 2.19 2.07 2.18 1.07 -0.52 1.24 1.05 0.87 0.97 0.77 0.61 0.64 0.63 0.49 0.52 0.44 0.43 0.37 0.22 0.23 0.09 0.02 -0.18
Balance Sheet
Cash & Equivalents 45.9 62.4 78.4 78.6 147.4 617.3 326.7 319.3 433.8 154.4 9.6 265.3 3.6 5.3 4.1 7.3 2.5 2.4 3.4 0.8
Total Assets 21,230.1 19,817.8 17,915.9 17,134.6 14,699.9 13,992.4 13,737.7 12,627.3 12,014.7 11,103.9 2,820.4 2,600.4 1,491.5 1,396.0 1,261.9 979.4 810.1 618.0 176.1 18.9
Total Debt 9,395.6 8,393.4 7,022.2 7,097.5 5,214.2 4,894.8 4,544.2 4,155.3 3,911.2 3,618.4 882.3 828.8 507.3 611.6 582.1 421.5 337.8 278.2 81.4 6.8
Stockholders' Equity 8,230.4 7,860.4 7,692.8 7,108.7 6,988.9 6,859.3 6,933.5 6,454.6 6,268.7 5,647.5 1,353.8 1,254.7 707.5 537.5 451.7 380.0 334.2 218.5 61.1 6.9
Cash Flow
Operating Cash Flow 2,414.1 2,228.9 2,126.8 2,022.5 1,698.2 1,408.5 1,540.5 1,411.2 1,187.3 795.3 199.8 179.6 157.2 127.9 87.2 53.8 21.9 6.1 2.6
Capital Expenditure (1,194.4) (1,056.0) (934) (912.7) (744.3) (664.6) (666.1) (546.1) (479.3) (344.7) (97.5) (71.2) (70.2) (56.8) (40.2) (25.4) (252.3) (62.5) (11.8)
Free Cash Flow 1,219.7 1,172.9 1,192.8 1,109.8 953.9 744.0 874.5 865.1 708.0 450.6 102.3 108.4 87.0 71.1 47.0 28.4 (230.4) (56.4) (9.2)