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

	TTM Q1 '26	TTM Q4 '25	TTM Q3 '25	TTM Q2 '25	TTM Q1 '25
Profitability
Gross margin	169%+1.9pp	168.5%+2.2pp	167.9%+2.6pp	167.6%+3.7pp	167.1%+4.8pp
Free cash flow margin	50.6%-5.1pp	51.6%-6.2pp	51.7%-7.9pp	52.8%-7.6pp	55.7%-4.2pp
Efficiency
Asset turnover	1.8×0.0×	1.8×0.0×	1.9×0.0×	1.9×0.0×	1.9×0.0×
Liquidity
Current ratio	2.6×-0.2×	2.7×-0.2×	2.7×-0.2×	2.8×-0.1×	2.8×-0.1×
Quick ratio	2.6×-0.2×	2.7×-0.2×	2.7×-0.2×	2.8×-0.1×	2.8×-0.1×
Cash ratio	0.2×0.0×	0.2×0.0×	0.2×0.0×	0.2×0.0×	0.2×0.0×
Leverage
Debt-to-assets	1.7×0.0×	1.7×0.0×	1.7×0.0×	1.7×+0.1×	1.7×+0.1×
Valuation
Market capitalization	$180.24B+4.2%	$189.09B+20.1%	$188.47B+27.3%	$189.4B+38.6%	$173.06B+24.3%
Enterprise value	$216.08B+4.7%	$224.21B+17.9%	$222.82B+24.3%	$223.29B+34.0%	$206.32B+22.8%
Price / sales	19.2×-0.5×	20.4×+2.0×	20.6×+2.9×	21.1×+4.2×	19.7×+2.1×
EV / sales	23×-0.5×	24.2×+2.0×	24.4×+2.9×	24.9×+4.3×	23.4×+2.3×
Free cash flow yield	10.6%-1.1pp	10.2%-2.7pp	10.1%-3.6pp	10%-4.4pp	11.7%-2.0pp
Dividend yield	2.9%+0.1pp	2.7%-0.3pp	2.7%-0.4pp	2.6%-0.6pp	2.8%-0.2pp

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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.