Skip to content
Screener

Waste Connections WCN Q2 2025 earnings

Reported July 23, 2025 · After market close

Revenue$2.4BMiss by $39.3M
EPS$1.29Beat by $0.04
Revenue estimate$2.5B
EPS estimate$1.25

Next report

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

Financials

Q2 2025

Income statement

See full
Revenue$2.4B+7.1%
Gross profit$1.0B+7.1%
Operating income$459.5M+8.2%
Net income$290.3M+5.4%
EPS (diluted)$1.12+4.7%

Balance sheet

See full
Cash & equivalents$110.2M+40.1%
Total debt$8.7B+8.2%
Total equity$8.4B+4.6%
Total assets$20.7B+7.1%

Cash flow

See full
Operating cash flow$638.2M+4.4%
CapEx$285.3M+31.3%
Free cash flow$352.9M-10.5%

Valuation & ratios

Valuation

as of 06/30/25
See full
Market cap$48.62B+50.6%
Enterprise value$57.19B+42.2%
P/S5.3×+1.4×

Profitability

See full
Gross margin42%+0.5pp
FCF margin12.4%-2.9pp

Returns & leverage

See full
Debt / equity1×0.0×
Current ratio0.7×0.0×

Segments

By product

See full
Commercial$731.6M+11.4%
Residential$592.2M+4.4%
Landfill$402.1M-0.9%
Transfer$381.9M+9.1%
Industrial And Construction Roll Off$367.0M+2.3%

By segment

See full
Southern$538.9M+8.0%
Eastern$533.3M+15.0%
Western$528.8M+3.2%
Central$452.0M+4.3%
Mid South$334.3M+5.9%

FAQ

When did Waste Connections report Q2 2025 earnings?
Waste Connections (WCN) reported Q2 2025 earnings on July 23, 2025 after market close.
What were Waste Connections's Q2 2025 revenue and EPS?
Waste Connections reported revenue of $2.4B and eps of $1.29 for Q2 2025.
Did Waste Connections beat estimates in Q2 2025?
Revenue missed the consensus estimate of $2.5B by $39.3M. EPS beat the consensus estimate of $1.25 by $0.04.
How did Waste Connections's Q2 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 8.9% from $2.2B a year earlier and eps grew 4.0% from $1.24.
Where can I find Waste Connections's Q2 2025 SEC filings?
You can read the 8-K earnings release (0001558370-25-009445) and the 10-Q periodic report (0001558370-25-009490) directly on SEC EDGAR. The filing index links above go to sec.gov.