Waste Connections WCN Ratios & Valuation
| Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | ||
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | 42.5%+0.1pp | 42.4%+0.3pp | 42.1%+0.1pp | 42%0.0pp | 42%+0.2pp | |
| Operating margin | 17.5%-0.5pp | 18.1%— | —— | —— | —— | |
| Net margin | 11%-0.4pp | 11.4%— | —— | —— | —— | |
| Efficiency | ||||||
| Asset turnover | 0.5×0.0× | 0.5×0.0× | 0.5×0.0× | 0.5×0.0× | 0.5×0.0× | |
| Liquidity | ||||||
| Current ratio | 0.7×+0.1× | 0.6×-0.1× | 0.7×0.0× | 0.7×0.0× | 0.7×0.0× | |
| Leverage | ||||||
| Net debt / EBITDA | 3.2×+0.1× | 3.1×— | —— | —— | —— | |
| Valuation | ||||||
| Market capitalization | $41.53B-7.5% | $44.9B-0.7% | $45.2B-7.0% | $48.62B-3.5% | $50.38B+13.8% | |
| Price / earnings | 39.4×-2.3× | 41.7×— | —— | —— | —— | |
| Price / sales | 4.3×-0.4× | 4.7×-0.1× | 4.8×-0.4× | 5.3×-0.3× | 5.6×+0.6× | |
| EV / EBITDA | 17.3×-1.1× | 18.4×— | —— | —— | —— | |
| Dividend yield | 0.8%+0.1pp | 0.7%0.0pp | 0.7%+0.1pp | 0.7%0.0pp | 0.6%-0.1pp |
Chart any of these lines over time, or line them up against competitors.
Compare these in charts →Questions, answered.
- What are Waste Connections's profit margins?
- Waste Connections (WCN) runs a 42.5% gross margin and a 17.5% operating margin, with a 11.0% net margin.
- Where do Waste Connections's ratios come from?
- Every ratio is computed from Waste Connections's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.
