Waste Connections
Waste Connections, Inc. is the third largest solid waste services company in North America, providing non-hazardous waste collection, transfer, and disposal services across the United States and Canada. The company creates value through a decentralized operating model that focuses on secondary and rural markets where it can achieve a leading market position and vertical integration. Beyond traditional waste management, the company operates resource recovery facilities, renewable fuel generation projects, and specialized services for the oil and natural gas exploration and production sector.
Financials
Based on Q1 2026 filing
Revenue
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Solid Waste Collection
primaryProvides residential, commercial, municipal, and industrial waste collection services. These services are often secured through exclusive franchise agreements, municipal contracts, or governmental certificates.
Residential Subscription Services, Commercial Waste Collection, Industrial Waste Collection, Compaction Services, Automated Collection
Residential Households, Commercial Businesses, Municipalities, Industrial Facilities, Homeowners’ Associations
Landfill Disposal and Transfer
majorOperates a network of municipal solid waste (MSW) and non-MSW landfills and transfer stations. This segment focuses on vertical integration by disposing of waste collected by the company's own routes as well as third-party haulers.
MSW Landfills, Non-MSW Landfills, Transfer Stations, Intermodal Services
Internal Collection Operations, Third-party Waste Haulers, Municipalities
Resource Recovery and Renewable Energy
moderateFocuses on recycling services and the beneficial reuse of landfill gas. The company processes recyclable materials for resale and converts methane into electricity or pipeline-quality natural gas.
Recycling Services, Renewable Natural Gas (RNG), Landfill Gas-to-Energy Projects, Renewable Identification Numbers (RINs)
Public Utilities, Natural Gas Companies, Recyclable Material Brokers, Industrial Power Plants
E&P Waste Services
moderateProvides specialized treatment, recovery, and disposal services for non-hazardous waste generated by oil and natural gas exploration and production activities.
E&P Waste Landfills, Saltwater Disposal Injection Wells, Oil Recovery Systems, Closed Loop Collection Systems
Oil and Natural Gas Exploration Companies, Drilling Operators
Business Overview
Competitive Position
The company is the third largest solid waste services provider in North America with a strategic focus on secondary and rural markets to maintain high margins and market share.
Geographies
United States, Canada
Customer Segments
Municipal, Commercial, Residential, Industrial, Energy Sector
Upstream Dependencies
Truck and heavy equipment manufacturers, Fuel suppliers, Landfill liner and environmental technology providers, Labor (drivers and mechanics)
Downstream Customers
Municipal governments, Residential homeowners, Commercial enterprises, Oil and gas producers, Public utilities (energy buyers)
Competitors & Partners
Competitors
Republic Services
RSG
Direct competitor in solid waste and E&P waste services
Waste Management
WM
Direct competitor in solid waste and E&P waste services
Clean Harbors
CLH
Competitor in E&P waste services
GFL Environmental Inc.
GFL
Direct competitor in solid waste services
Select Water Solutions
WTTR
Competitor in E&P waste services
Partners
DailyPay
Provider of earned wage access benefits for employees
WyoTech
Technical college partner for diesel technology training and recruitment
Smith System
Provider of driver safety training fundamentals
Subsidiaries
Waste Connections of Canada
Canadian operating entity
Waste Connections FAQ
Common questions about Waste Connections
Waste Connections, Inc. is the third largest solid waste services company in North America, providing non-hazardous waste collection, transfer, and disposal services across the United States and Canada. The company creates value through a decentralized operating model that focuses on secondary and rural markets where it can achieve a leading market position and vertical integration. Beyond traditional waste management, the company operates resource recovery facilities, renewable fuel generation projects, and specialized services for the oil and natural gas exploration and production sector.
Waste Connections (WCN) has a market capitalization of $39.4B and trades on NYSE.
Waste Connections generated $9.6B in trailing twelve-month revenue with net income of $1.1B, representing a net margin of 11.0%. Gross margin stands at 42.5%, with free cash flow of $1.2B. These figures are based on the Q1 2026 filing.
Waste Connections's key competitors include Republic Services, Inc., Waste Management, Inc., Clean Harbors, Inc., and others. These companies compete in similar markets and product categories.
Waste Connections has approximately 22,539 employees.