Skip to content
OpenCapital
Get started

Waste Connections WCN Q1 2026 earnings

Reported April 22, 2026 · After market close

Revenue$2.3BBeat by $7.7MDiluted EPS$1.23Beat by $0.04
Revenue estimate$2.3B
EPS estimate$1.19

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

as of 07/09/26
See full
Market cap$43.59B-17.6%
Enterprise value$52.92B-13.8%
P/E41.3×—
P/S4.5×-1.3×

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%

Versus estimates

Revenue

Q1 2026$2.3BBeat by $7.7M
Q4 2025$2.4BMiss by $30.4MQ2 2025$2.4BMiss by $39.3MQ1 2025$2.2BMiss by $177.1MQ4 2024$2.3BBeat by $17.1MQ3 2024$2.3BBeat by $89.1M

Diluted EPS

Q1 2026$1.23Beat by $0.04
Q4 2025$1.29Beat by $0.01Q2 2025$1.29Beat by $0.04Q1 2025$1.13Beat by $0.06Q4 2024$1.16Miss by $0.04Q3 2024$1.35Beat by $0.06

Ask the moment Waste Connections reports.

Connect your AI and ask the moment the filing drops. It reads the release, surfaces what management said, and gives you its own read.

Connect your AI
Harbor at dusk
Claude

Questions, answered.

When did Waste Connections report Q1 2026 earnings?
Waste Connections (WCN) reported Q1 2026 earnings on April 22, 2026 after market close.
What were Waste Connections's Q1 2026 revenue and EPS?
Waste Connections reported revenue of $2.3B and diluted EPS of $1.23 for Q1 2026.
Did Waste Connections beat estimates in Q1 2026?
Revenue beat the consensus estimate of $2.3B by $7.7M. EPS beat the consensus estimate of $1.19 by $0.04.
How did Waste Connections's Q1 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 4.6% from $2.2B a year earlier and diluted EPS grew 8.8% from $1.13.
Where can I find Waste Connections's Q1 2026 SEC filings?
You can read the 8-K earnings release (0001104659-26-046820) and the 10-Q periodic report (0001104659-26-047074) directly on SEC EDGAR. The filing index links above go to sec.gov.