What is Waste Connections's market cap?

Waste Connections (WCN) has a market capitalization of $43.6B and trades on NYSE.

What is Waste Connections's revenue and profitability?

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.

Who are Waste Connections's competitors?

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.

Who does Waste Connections partner with?

Waste Connections's notable partners include DailyPay, WyoTech, Smith System.

What subsidiaries does Waste Connections have?

Waste Connections's subsidiaries include Waste Connections of Canada.

Where is Waste Connections headquartered?

Waste Connections is headquartered in Canada and employs approximately 22,539 people. It has been publicly traded since 1987.

Waste Connections

WCN

Market cap

$43.59B-6.7%

Revenue$9.6B+5.9%

Net income$1.1B-0.1%

Free cash flow$1.2B-2.3%

EPS (diluted)$4.10+0.5%

Trailing twelve months · change vs. prior year

Table of contents

Earnings

Q1 2026 report

April 22, 2026

Revenue$2.3BBeat by $7.7M EPS$1.23Beat by $0.04

Read the full report

Next report

Jul 22, 2026 (In 1 week)

Revenue estimate$2.5B

EPS estimate$1.35

Financials

Q1 2026

Income statement

See full

Revenue$2.4B+6.4%

Gross profit$1.0B+7.8%

Operating income$364.1M-6.7%

Net income$219.3M-9.2%

EPS (diluted)$0.86-7.5%

Balance sheet

See full

Cash & equivalents$112.4M+1.1%

Total debt$9.4B+8.4%

Total assets$21.2B+4.6%

Cash flow

See full

Operating cash flow$545.6M+0.7%

CapEx$296.6M+39.6%

Free cash flow$249.0M-24.3%

Valuation & ratios

Valuation

See full

Market cap$43.59B-6.7%

Enterprise value$52.92B-4.3%

P/E41.3×—

P/S4.5×-0.5×

Profitability

See full

Gross margin42.5%+0.5pp

Operating margin17.5%—

Net margin11%—

FCF margin12%-1.0pp

Returns & leverage

See full

Current ratio0.7×0.0×

Segments

By product

See full

Commercial$761.6M+6.9%

Residential$600.1M+5.0%

Landfill$360.4M+6.4%

Transfer$354.2M+10.9%

Industrial And Construction Roll Off$347.9M+3.2%

By segment

See full

Southern$555.3M+9.4%

Western$526.6M+5.4%

Eastern$490.0M+2.0%

Central$446.1M+7.5%

Mid South$319.1M+5.5%

Competitors

By market cap

Waste Management$93.9B+2.8%

Republic Services$67.8B-10.0%

Waste Connections$43.6B-6.7%

Clean Harbors$15.9B+26.8%

GFL Environmental Inc.$14.8B-17.0%

Casella Waste Systems$6.3B-12.6%

Select Water Solutions$2.4B+151%

QRH

Quest Resource Holdings$26.3M-42.6%

By revenue growth

Casella Waste Systems+14.9%

Waste Management+10.9%

Waste Connections+5.9%

Republic Services+3.2%

Clean Harbors+1.9%

Select Water Solutions-4.2%

By net margin

Republic Services13.0%+0.1pp

Waste Management10.99%-0.7pp

Waste Connections10.97%-0.7pp

Clean Harbors6.53%0.0pp

Select Water Solutions1.57%-1.0pp

Casella Waste Systems0.85%-0.6pp

Profile

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.

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.

GeographiesUnited States, Canada

Customer segmentsMunicipal, Commercial, Residential, Industrial, Energy Sector

Business modelService-based, Asset-heavy, Contractual, Vertical Integration

SuppliersTruck and heavy equipment manufacturers, Fuel suppliers, Landfill liner and environmental technology providers, Labor (drivers and mechanics)

CustomersMunicipal governments, Residential homeowners, Commercial enterprises, Oil and gas producers, Public utilities (energy buyers)

CountryCanada

Listed1987

Employees22.5K

CEORonald J. Mittelstaedt

SectorIndustrials

IndustryWaste Management

Websitewasteconnections.com

FilingsSEC EDGAR

Ask your AI about Waste Connections.

Connect your AI assistant and dig into the numbers, right in your chat.

Connect your AI

Claude

Questions, answered.

What is Waste Connections's market cap?: Waste Connections (WCN) has a market capitalization of $43.6B and trades on NYSE.
What is Waste Connections's revenue and profitability?: 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.
Who are Waste Connections's competitors?: 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.
Who does Waste Connections partner with?: Waste Connections's notable partners include DailyPay, WyoTech, Smith System.
What subsidiaries does Waste Connections have?: Waste Connections's subsidiaries include Waste Connections of Canada.
Where is Waste Connections headquartered?: Waste Connections is headquartered in Canada and employs approximately 22,539 people. It has been publicly traded since 1987.