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Waste Connections WCN EBITDA margin

EBITDA margin at other companies

Clean Harbors logo
Clean HarborsCLH
19.1%+0.9pp
Waste Management logo
Waste ManagementWM
29.3%+1.0pp
Casella Waste Systems logo
Casella Waste SystemsCWST
20.2%+0.5pp
Republic Services logo
Republic ServicesRSG
31%+0.2pp
Select Water Solutions logo
Select Water SolutionsWTTR
3.9%-0.4pp
Terex logo
TerexTEX
8.7%-2.0pp

Other financials

Income statement

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Revenue$2.6B+6.4%
Gross profit$1.1B+6.7%
Operating income$437.6M-4.8%
Net income$296.4M+2.1%
EPS (diluted)$1.17+4.5%

Balance sheet

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Cash & equivalents$98.2M-10.9%
Total debt$9.6B+10.8%
Total equity$8.2B+4.9%
Total assets$21.4B+3.5%

Cash flow

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Operating cash flow$733.3M+14.9%
CapEx$302.4M+6.0%
Free cash flow$430.9M+22.1%

Valuation

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Market cap$41.46B-14.3%
Enterprise value$50.99B-10.5%
P/E39.1×
P/S4.3×-1.0×

Profitability

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Gross margin42.5%+0.5pp
Operating margin17%
Net margin10.9%
FCF margin12.6%+0.3pp

Returns & leverage

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Return on equity13.4%
Debt / equity1.1×0.0×
Current ratio0.7×0.0×

Where this comes from

Calculated from Waste Connections’s reported figures.

Based on trailing twelve months.

The source filing: Waste Connections’s 10-Q, filed July 23, 2026. Open the filing →

Filed
Jul 23, 2026, 6:01 AM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001104659-26-086006

FAQ

What is Waste Connections's EBITDA margin?
Waste Connections (WCN) reported EBITDA margin of 30.1% in Q2 2026.
What is the long-term trend for Waste Connections's EBITDA margin?
Over 4 years (2020 to 2025), Waste Connections's EBITDA margin has grown at a 9.8% compound annual growth rate (CAGR), from 21.4% to 31.1%.
What does EBITDA margin mean?
EBITDA (earnings before interest, taxes, depreciation, and amortization) as a percentage of revenue, trailing twelve months. A proxy for cash operating profitability that strips out capital-structure and non-cash charges.

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