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Waste Connections WCN Free cash flow

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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%

Valuation

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Market cap$42.05B-10.7%
Enterprise value$51.58B-7.4%
P/E39.7×
P/S4.3×-0.8×

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.

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?
Waste Connections (WCN) reported free cash flow of $430.94M in Q2 2026.
How has Waste Connections's free cash flow changed year-over-year?
Waste Connections's free cash flow increased by 22.1% year-over-year, from $352.89M to $430.94M.
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.

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