What is Waste Connections's retained earnings?

Waste Connections (WCN) reported retained earnings of $5.54B in Q2 2026.

How has Waste Connections's retained earnings changed year-over-year?

Waste Connections's retained earnings increased by 14.8% year-over-year, from $4.83B to $5.54B.

What is the long-term trend for Waste Connections's retained earnings?

Over 5 years (2020 to 2025), Waste Connections's retained earnings has grown at a 14.4% compound annual growth rate (CAGR), from $2.66B to $5.2B.

What does retained earnings mean?

Cumulative net income earned since inception minus all dividends paid — the total profits reinvested in the business over its lifetime.

Waste Connections WCN Retained Earnings

Retained Earnings at other companies

Clean HarborsCLH

$2.99B+17.2%

Waste ManagementWM

$17.98B+8.6%

Casella Waste SystemsCWST

-$130.65M+5.2%

Republic ServicesRSG

$11.49B+13.9%

Select Water SolutionsWTTR

-$176.32M+10.9%

EnviriNVRI

$1.2B-13.4%

Other financials

Income statement

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Revenue$2.6B+6.4%

Gross profit$1.1B+6.7%

Operating income$437.6M-4.8%

Net income$296.4M+2.1%

EPS (diluted)$1.17+4.5%

Balance sheet

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Cash & equivalents$98.2M-10.9%

Total debt$9.6B+10.8%

Total equity$8.2B+4.9%

Total assets$21.4B+3.5%

Cash flow

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Operating cash flow$733.3M+14.9%

CapEx$302.4M+6.0%

Free cash flow$430.9M+22.1%

Valuation

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Market cap$42.65B-10.6%

Enterprise value$52.18B-7.3%

P/E40.2×—

P/S4.4×-0.8×

Profitability

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Gross margin42.5%+0.5pp

Operating margin17%—

Net margin10.9%—

FCF margin12.6%+0.3pp

Returns & leverage

See full

Return on equity13.4%—

Debt / equity1.1×0.0×

Current ratio0.7×0.0×

Where this comes from

Reported directly by Waste Connections in its filing.

Tagged under the XBRL concept us-gaap:RetainedEarningsAccumulatedDeficit.

The official record: Waste Connections’s 10-Q, filed July 23, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Waste Connections's retained earnings?: Waste Connections (WCN) reported retained earnings of $5.54B in Q2 2026.
How has Waste Connections's retained earnings changed year-over-year?: Waste Connections's retained earnings increased by 14.8% year-over-year, from $4.83B to $5.54B.
What is the long-term trend for Waste Connections's retained earnings?: Over 5 years (2020 to 2025), Waste Connections's retained earnings has grown at a 14.4% compound annual growth rate (CAGR), from $2.66B to $5.2B.
What does retained earnings mean?: Cumulative net income earned since inception minus all dividends paid — the total profits reinvested in the business over its lifetime.