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.

Waste Connections WCN Ratios & Valuation

Income Statement Balance Sheet Cash Flow Ratios Segments

Quarterly Annual TTM

YoY QoQ

Simplified Detailed

	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%—	——	——	——
EBITDA margin	30.6%-0.5pp	31.1%—	——	——	——
Free cash flow margin	12%-1.0pp	13%-0.2pp	13.2%+0.8pp	12.4%-0.7pp	13%-0.1pp
Returns
Return on assets	5.1%-0.2pp	5.3%—	——	——	——
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×
Quick ratio	0.7×+0.1×	0.6×-0.1×	0.7×0.0×	0.7×0.0×	0.7×0.0×
Cash ratio	0.1×0.0×	0×0.0×	0.1×0.0×	0.1×0.0×	0.1×0.0×
Leverage
Debt-to-assets	0.4×0.0×	0.4×0.0×	0.4×0.0×	0.4×0.0×	0.4×0.0×
Net debt / EBITDA	3.2×+0.1×	3.1×—	——	——	——
Interest coverage	4.9×-0.2×	5.1×—	——	——	——
Valuation
Market capitalization	$41.53B-7.5%	$44.9B-0.7%	$45.2B-7.0%	$48.62B-3.5%	$50.38B+13.8%
Enterprise value	$50.85B-5.8%	$54B-0.1%	$54.04B-5.5%	$57.19B-3.0%	$58.98B+12.1%
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×—	——	——	——
EV / sales	5.3×-0.4×	5.7×-0.1×	5.8×-0.4×	6.2×-0.3×	6.5×+0.6×
Free cash flow yield	2.8%0.0pp	2.8%0.0pp	2.7%+0.4pp	2.3%0.0pp	2.3%-0.3pp
Earnings yield	2.5%+0.1pp	2.4%—	——	——	——
Dividend yield	0.8%+0.1pp	0.7%0.0pp	0.7%+0.1pp	0.7%0.0pp	0.6%-0.1pp

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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.