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Waste Connections WCN Free cash flow margin

Free cash flow margin at other companies

Clean Harbors logo
Clean HarborsCLH
7.4%+0.9pp
Waste Management logo
Waste ManagementWM
13.9%+4.9pp
Casella Waste Systems logo
Casella Waste SystemsCWST
5.5%-0.4pp
Republic Services logo
Republic ServicesRSG
15.5%+1.0pp
Select Water Solutions logo
Select Water SolutionsWTTR
-7%-7.7pp
Enviri logo
EnviriNVRI
-1.8%

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$42.19B-12.5%
Enterprise value$51.71B-9.0%
P/E39.8×
P/S4.3×-0.9×

Profitability

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Gross margin42.5%+0.5pp
Operating margin17%
Net margin10.9%

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 free cash flow margin?
Waste Connections (WCN) reported free cash flow margin of 12.6% in Q2 2026.
How has Waste Connections's free cash flow margin changed year-over-year?
Waste Connections's free cash flow margin increased by 2.2% year-over-year, from 12.4% to 12.6%.
What is the long-term trend for Waste Connections's free cash flow margin?
Over 5 years (2020 to 2025), Waste Connections's free cash flow margin has grown at a -2.6% compound annual growth rate (CAGR), from 14.9% to 13%.
What does free cash flow margin mean?
Free cash flow (operating cash flow minus capital expenditures) as a percentage of revenue, trailing twelve months. Measures how efficiently revenue converts into discretionary cash.

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