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Waste Connections WCN Free cash flow

Free cash flow at other companies

Waste Management logo
Waste ManagementWM
$851M+126%
Casella Waste Systems logo
Casella Waste SystemsCWST
$12.27M+329%
Republic Services logo
Republic ServicesRSG
$751M+32.7%
Select Water Solutions logo
Select Water SolutionsWTTR
-$68.14M-27.4%
Enviri logo
EnviriNVRI
-$12.19M+18.9%
Clean Harbors logo
Clean HarborsCLH

Other financials

Income statement

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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

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Cash & equivalents$112.4M+1.1%
Total debt$9.4B+8.4%
Total equity$8.2B+4.9%
Total assets$21.2B+4.6%

Cash flow

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Operating cash flow$545.6M+0.7%
CapEx$296.6M+39.6%

Valuation

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Market cap$42.66B-12.3%
Enterprise value$51.99B-9.1%
P/E40.5×
P/S4.4×-0.8×

Profitability

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Gross margin42.5%+0.5pp
Operating margin17.5%
Net margin11%
FCF margin12%-1.0pp

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.

The official record: Waste Connections’s 10-Q, filed April 23, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Waste Connections's free cash flow?
Waste Connections (WCN) reported free cash flow of $249M in Q1 2026.
How has Waste Connections's free cash flow changed year-over-year?
Waste Connections's free cash flow decreased by 24.3% year-over-year, from $329.08M to $249M.
What is the long-term trend for Waste Connections's free cash flow?
Over 4 years (2021 to 2025), Waste Connections's free cash flow has grown at a 6.7% compound annual growth rate (CAGR), from $953.91M to $1.23B.
What does free cash flow mean?
Free cash flow represents the cash generated by a company after accounting for cash outflows to support operations and maintain or expand its capital asset base. It serves as a critical indicator of a company's ability to fund organic growth, pay down debt, or return capital to shareholders without relying on external financing.