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Net margin at other companies

Waste Management logo
Waste ManagementWM
11%-0.7pp
Republic Services logo
Republic ServicesRSG
13%+0.1pp
EMCOR Group logo
EMCOR GroupEME
7.5%+0.5pp
MTZ
MasTecMTZ
2.9%+1.2pp
Williams Companies logo
Williams CompaniesWMB
20.6%-6.7pp
Texas Pacific Land logo
Texas Pacific LandTPL
60%-3.2pp

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 assets$21.2B+4.6%

Cash flow

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Operating cash flow$545.6M+0.8%
CapEx$296.6M+39.6%
Free cash flow$249.0M-24.3%

Valuation

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Market cap$39.41B-17.6%
Enterprise value$48.74B-13.8%
P/E37.4×
P/S4.1×-1.2×

Profitability

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Gross margin42.5%+0.5pp
Operating margin17.5%

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 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 net margin?
Waste Connections (WCN) reported net margin of 11% in Q1 2026.
What is the long-term trend for Waste Connections's net margin?
Over 2 years (2021 to 2023), Waste Connections's net margin has grown at a 10.3% compound annual growth rate (CAGR), from 34.9% to 42.4%.
What does net margin mean?
The share of every sales dollar that becomes bottom-line profit.
How do you interpret net margin?
Higher is better, but net margin mixes operating performance with financing and tax effects and one-off items — read it alongside operating margin to separate the operating story from the rest.
How does net margin compare across companies?
Comparable across peers but sensitive to leverage and tax structure; two operationally identical firms can show different net margins purely from financing.