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Waste Connections WCN Q1 2025 earnings

Reported April 23, 2025 · After market close

Revenue$2.2BMiss by $177.1M
EPS$1.13Beat by $0.06
Revenue estimate$2.4B
EPS estimate$1.07

Next report

Oct 20, 2026 (in 2 months)
Revenue estimate$2.6B
EPS estimate$1.51

Financials

Q1 2025

Income statement

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Revenue$2.2B+7.5%
Gross profit$936.7M+10.1%
Operating income$390.2M+6.4%
Net income$241.5M+5.0%
EPS (diluted)$0.93+4.5%

Balance sheet

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Cash & equivalents$111.2M-0.7%
Total debt$8.7B+7.5%
Total equity$8.0B+2.9%
Total assets$20.3B+6.1%

Cash flow

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Operating cash flow$541.5M+10.4%
CapEx$212.5M+25.0%
Free cash flow$329.1M+2.7%

Valuation & ratios

Valuation

as of 03/31/25
See full
Market cap$50.38B+44.7%
Enterprise value$58.98B+37.8%
P/S5.6×+1.3×

Profitability

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Gross margin42%+0.8pp
FCF margin13%-2.2pp

Returns & leverage

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Debt / equity1.1×0.0×
Current ratio0.7×0.0×

Segments

By product

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Commercial$712.5M+10.8%
Residential$571.6M+4.7%
Landfill$338.8M-4.2%
Industrial And Construction Roll Off$337.0M+3.4%
Transfer$319.3M+5.8%

By segment

See full
Southern$507.7M+7.1%
Western$499.7M+4.8%
Eastern$480.5M+11.2%
Central$415.0M+3.0%
Mid South$302.5M+10.7%

FAQ

When did Waste Connections report Q1 2025 earnings?
Waste Connections (WCN) reported Q1 2025 earnings on April 23, 2025 after market close.
What were Waste Connections's Q1 2025 revenue and EPS?
Waste Connections reported revenue of $2.2B and eps of $1.13 for Q1 2025.
Did Waste Connections beat estimates in Q1 2025?
Revenue missed the consensus estimate of $2.4B by $177.1M. EPS beat the consensus estimate of $1.07 by $0.06.
How did Waste Connections's Q1 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 8.0% from $2.1B a year earlier and eps grew 8.7% from $1.04.
Where can I find Waste Connections's Q1 2025 SEC filings?
You can read the 8-K earnings release (0001558370-25-005265) and the 10-Q periodic report (0001558370-25-005319) directly on SEC EDGAR. The filing index links above go to sec.gov.