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Waste Connections WCN Mid South — Goodwill Changes

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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$42.02B-14.2%
Enterprise value$51.55B-10.5%
P/E39.6×
P/S4.3×-1.0×

Profitability

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Gross margin42.5%+0.5pp
Operating margin17%
Net margin10.9%
FCF margin12.6%+0.3pp

Returns & leverage

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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:GoodwillOtherIncreaseDecrease.

The source filing: Waste Connections’s 10-Q, filed July 23, 2026.

Filed
Jul 23, 2026, 6:01 AM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001104659-26-086006
Line itemSouthernWesternEasternCentralCanadaMid SouthTotal
Balance as of December 31, 2025$1,833,746$866,610$1,791,163$1,023,111$2,021,930$855,689$8,392,249
Goodwill acquired11,78041,4605,9556,47265,667
Goodwill acquisition adjustments41,9661,970
Impact of changes in foreign currency(71,777)(71,777)
Balance as of June 30, 2026$1,845,526$908,070$1,797,118$1,029,583$1,950,157$857,655$8,388,109

Item 1. Financial Statements

FAQ

What is Waste Connections's mid south — goodwill changes?
Waste Connections (WCN) reported mid south — goodwill changes of $53K in Q2 2026.
What does mid south — goodwill changes mean?
This metric represents the net change in the carrying value of goodwill for the specific business segment due to factors other than standard business combinations, such as impairment charges or divestitures. It provides insight into the segment's asset valuation adjustments and management's assessment of the long-term economic value of acquired operations. Tracking this helps investors identify potential write-downs or strategic shifts in the segment's market position.

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