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%+0.5pp	42.4%+0.6pp	42.1%+0.3pp	42%+0.5pp	42%+0.8pp
Operating margin	17.5%—	18.1%—	——	——	——
Net margin	11%—	11.4%—	——	——	——
EBITDA margin	30.6%—	31.1%—	——	——	——
Free cash flow margin	12%-1.0pp	13%-0.1pp	13.2%-1.0pp	12.4%-2.9pp	13%-2.2pp
Returns
Return on assets	5.1%—	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	0.7×0.0×	0.6×0.0×	0.7×-0.1×	0.7×0.0×	0.7×0.0×
Quick ratio	0.7×0.0×	0.6×0.0×	0.7×-0.1×	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×—	3.1×—	——	——	——
Interest coverage	4.9×—	5.1×—	——	——	——
Valuation
Market capitalization	$41.53B-17.6%	$44.9B+1.4%	$45.2B-2.0%	$48.62B+50.6%	$50.38B+44.7%
Enterprise value	$50.85B-13.8%	$54B+2.6%	$54.04B-0.9%	$57.19B+42.2%	$58.98B+37.8%
Price / earnings	39.4×—	41.7×—	——	——	——
Price / sales	4.3×-1.2×	4.7×-0.2×	4.8×-0.5×	5.3×+1.4×	5.6×+1.3×
EV / EBITDA	17.3×—	18.4×—	——	——	——
EV / sales	5.3×-1.2×	5.7×-0.2×	5.8×-0.5×	6.2×+1.4×	6.5×+1.3×
Free cash flow yield	2.8%+0.4pp	2.8%+0.1pp	2.7%0.0pp	2.3%-1.6pp	2.3%-1.2pp
Earnings yield	2.5%—	2.4%—	——	——	——
Dividend yield	0.8%+0.2pp	0.7%+0.1pp	0.7%+0.1pp	0.7%-0.2pp	0.6%-0.2pp

Chart any of these lines over time, or line them up against competitors.

Compare these in charts →

Ask your AI about Waste Connections.

Connect your AI assistant and get a quick read on the numbers, right in your chat.

Connect your AI

Claude

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.