Income StatementBalance SheetCash FlowSegments
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Waste Connections Business Segments

Business, geographic, and product segment breakdowns

Waste Connections generates $9.6B in annual revenue across 4 key segments: Commercial ($761.6M), Exploration And Production Waste Treatment Recovery And Disposal ($725.4M), Industrial And Construction Roll Off ($347.9M), and Landfill ($1.6B). The company-wide operating margin is 17.53%. Based on the Q1 2026 filing.

Commercial$761.6MExploration And Production Waste Treatment Recovery And Disposal (TTM)$725.4MIndustrial And Construction Roll Off$347.9MLandfill (TTM)$1.6BOther$49.3MResidential$600.1MSolid Waste Recycling (TTM)$232.4MTransfer (TTM)$1.5B
Latest FilingQ1 2026
Report Date2026-04-23
Market Cap$39.4B
P/E Ratio37.33

Products & Services

Revenue

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Commercial—$712.5M$731.6M$750.4M—$761.6M
Residential—$571.6M$592.2M$600.8M—$600.1M
Landfill$380.0M$338.8M$402.1M$414.6M$386.5M$360.4M
Transfer$338.6M$319.3M$381.9M$389.8M$370.6M$354.2M
Industrial And Construction Roll Off—$337.0M$367.0M$379.1M—$347.9M
Exploration And Production Waste Treatment Recovery And Disposal$146.3M$150.9M$178.1M$188.7M$171.1M$187.6M
Solid Waste Recycling$59.8M$61.3M$69.2M$58.4M$51.2M$53.6M
Other—$46.5M———$49.3M

Accrual For Environmental Loss Contingencies Discount Rate

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Landfill5.5%———5.5%—

Impairment Of Long Lived Asset

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Landfill$29.0M$29.0M$29.0M$29.0M$29.0M—

Number Of Businesses Acquired

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Solid Waste3.003.007.002.005.003.00

Business Segments

Segment Expenditure Addition To Long Lived Assets

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Southern$70.5M$32.5M$60.6M$49.7M$73.4M$59.2M
Western$71.1M$34.3M$44.6M$56.8M$77.1M$56.7M
Canada$63.2M$31.8M$36.4M$35.5M$42.2M$51.4M
Eastern$63.7M$39.7M$49.1M$54.6M$79.0M$47.2M
Central$63.4M$46.0M$48.1M$44.5M$78.8M$44.1M
Mid South$59.9M$20.2M$31.2M$42.3M$49.4M$32.6M

Segment Reporting Information Earnings Before Interest Taxes Depreciation And Amortization Margin

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Canada—44.8%45.4%45.7%—43.2%
Central—35.3%35.7%36.4%—36.6%
Southern—32.8%32.4%32.6%—32.6%
Mid South—26.8%28.0%28.5%—27.4%
Western—25.6%27.7%29.6%—26.7%
Eastern—25.6%25.9%27.5%—26.6%

Segment Reporting Information Segment Expenses

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Western-$320.4M-$326.1M-$333.7M-$342.5M-$334.0M-$339.1M
Southern-$300.7M-$304.7M-$322.6M-$327.0M-$321.0M-$332.5M
Eastern-$305.3M-$300.2M-$327.9M-$319.8M-$302.7M-$297.7M
Central-$241.6M-$241.7M-$258.7M-$262.7M-$251.9M-$251.7M
Canada-$179.0M-$167.2M-$187.5M-$189.9M-$182.1M-$195.9M
Mid South-$188.2M-$188.1M-$202.2M-$202.2M-$194.1M-$194.5M

Segment Reporting Other Item Amount

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Western-$597.3M$191.0K$3.5M$2.7M$530.0K-$64.1M
Eastern-$1.3M-$1.8M-$2.1M$7.0M-$3.1M-$5.0M
Southern-$3.7M-$5.3M-$1.8M-$55.4M-$37.9M-$2.9M
Canada$1.0M$99.0K-$824.0K-$2.3M—-$1.2M
Central—-$142.0K-$461.0K$997.0K-$805.0K$616.0K
Mid South—-$400.0K-$169.0K-$177.0K-$255.0K-$101.0K

Impairment Of Intangible Assets Indefinitelived Excluding Goodwill

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Geographic Operating Segments—$0.0$0.0$0.0$0.0—

Accumulated Impairment Of Intangible Assets Indefinite Lived Excluding Goodwill

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Solid Waste Collection And Transportation Permits$0.0———$0.0—

Finite Lived Intangible Assets Accumulated Amortization

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Solid Waste Collection And Transportation Permits$0.0———$0.0—

Indefinite Lived Intangible Assets Excluding Goodwill

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Solid Waste Collection And Transportation Permits$181.6M$181.6M$181.6M$181.6M$181.6M$181.6M

Revenue

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Solid Waste Collection$1.6B$1.6B$1.7B$1.7B$1.7B$1.7B