What is Waste Connections's goodwill?

Waste Connections (WCN) reported goodwill of $8.41B in Q1 2026.

How has Waste Connections's goodwill changed year-over-year?

Waste Connections's goodwill increased by 4.5% year-over-year, from $8.06B to $8.41B.

What is the long-term trend for Waste Connections's goodwill?

Over 5 years (2020 to 2025), Waste Connections's goodwill has grown at a 7.9% compound annual growth rate (CAGR), from $5.73B to $8.39B.

What does goodwill mean?

The excess of acquisition cost over the fair value of net identifiable assets acquired — representing brand value, customer relationships, and synergies from past M&A.

Waste Connections WCN Goodwill

Goodwill at other companies

Clean HarborsCLH

$1.56B+5.3%

Waste ManagementWM

$13.87B+2.5%

Casella Waste SystemsCWST

$1.19B+13.8%

Republic ServicesRSG

$16.93B+2.1%

Select Water SolutionsWTTR

$48.49M+166%

EnviriNVRI

$753.86M+0.9%

Segments

By segment

See full

Canada$1.99B+3.8%

Southern$1.84B+11.5%

Eastern$1.79B+1.7%

Central$1.03B+1.6%

Western$903.2M+4.6%

Mid South$857.6M+1.0%

Other financials

Income statement

See full

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

See full

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

See full

Operating cash flow$545.6M+0.7%

CapEx$296.6M+39.6%

Free cash flow$249.0M-24.3%

Valuation

See full

Market cap$42.66B-12.3%

Enterprise value$51.99B-9.1%

P/E40.5×—

P/S4.4×-0.8×

Profitability

See full

Gross margin42.5%+0.5pp

Operating margin17.5%—

Net margin11%—

FCF margin12%-1.0pp

Returns & leverage

See full

Return on equity13.4%—

Debt / equity1.1×0.0×

Current ratio0.7×0.0×

Where this comes from

Reported directly by Waste Connections in its filing.

Tagged under the XBRL concept us-gaap:Goodwill.

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 goodwill?: Waste Connections (WCN) reported goodwill of $8.41B in Q1 2026.
How has Waste Connections's goodwill changed year-over-year?: Waste Connections's goodwill increased by 4.5% year-over-year, from $8.06B to $8.41B.
What is the long-term trend for Waste Connections's goodwill?: Over 5 years (2020 to 2025), Waste Connections's goodwill has grown at a 7.9% compound annual growth rate (CAGR), from $5.73B to $8.39B.
What does goodwill mean?: The excess of acquisition cost over the fair value of net identifiable assets acquired — representing brand value, customer relationships, and synergies from past M&A.