Waste Connections, Inc. (WCN) Financial Statements
Historical financial data — 41 statements covering FY2016–FY2025
Waste Connections is a North American waste management company focused on integrated waste collection services. The firm primarily focuses on residential, commercial, municipal, and industrial wast...
Waste Connections, Inc.'s revenue increased 6.1% year over year, from $8.92B to $9.47B.
Net income increased 74.3% over the same period, from $617.6M to $1.08B.
Over the 9-year period from FY2016 to FY2025, revenue grew by 180% in total.
Total debt increased by 9.1% to $8.82B.
The debt-to-equity ratio stands at 1.07, indicating a elevated leverage profile.
Operating cash flow grew 8.3% to $2.41B.
Waste Connections, Inc. maintains a healthy net profit margin of 11.4%.
Recent Financial Statements
Quarterly figures are standalone quarters, de-cumulated from YTD filings (Q4 = FY − Q3 YTD when not reported).
| Period | Revenue | Net Income | Gross Profit | EBIT | Op. Cash Flow | Total Assets | Total Debt | Equity |
|---|---|---|---|---|---|---|---|---|
| Q3 FY2024 | $2.34B+4.0% | $308.0M | $994.4M | $475.3M | $558.3M | $20.10B | $8.17B | $8.26B |
| Q4 FY2024 | $2.26B-3.3% | $-196.0M | $935.5M | $-199.2M | $568.9M | $19.82B | $8.08B | $7.86B |
| Q1 FY2025 | $2.23B-1.4% | $241.5M | $936.7M | $390.2M | $541.5M | $20.25B | $8.40B | $8.01B |
| Q2 FY2025 | $2.41B+8.0% | $290.3M | $1.01B | $459.5M | $638.2M | $20.68B | $8.35B | $8.35B |
| Q3 FY2025 | $2.46B+2.1% | $286.3M | $1.05B | $439.6M | $677.4M | $20.78B | $8.63B | $8.09B |
| Q4 FY2025 | $2.37B-3.5% | $258.5M | $1.01B | $420.8M | $556.9M | $21.13B | $8.82B | $8.25B |
| Q1 FY2026 | $2.37B-0.1% | $219.3M | $1.01B | $364.1M | $545.6M | $21.19B | $9.10B | $8.06B |
| Q2 FY2026 | $2.56B+8.1% | $296.4M | $1.08B | $584.9M | $733.3M | $21.40B | $9.64B | $7.92B |
Balance Sheet Summary (Q2 FY2026)
Waste Connections, Inc. (WCN) Financial Statements & Revenue History
Waste Connections, Inc. (WCN) is a US-listed stock operating in the Industrials sector, specifically the Refuse Systems industry trading at $167.90 with a market capitalization of $42. This page provides 41 historical financial statements for Waste Connections, Inc., including income statement, balance sheet, and cash flow data across multiple reporting periods. Most recently, Waste Connections, Inc. reported revenue of $9.5 billion, representing 6.1% year-over-year growth. The net profit margin of 11.4% indicates moderate profitability. The debt-to-equity ratio of 1.07 indicates elevated leverage.
WCN Income Statement, Balance Sheet & Cash Flow
The financial statements table above shows Waste Connections, Inc.'s revenue, net income, gross profit, EBIT, operating cash flow, total assets, total debt, and shareholders' equity across the most recent reporting periods. Year-over-year growth rates help identify whether WCN is accelerating or decelerating in terms of top-line revenue and bottom-line profitability.
- Revenue trend: Track WCN's top-line growth across quarters and fiscal years to identify acceleration or deceleration in the business.
- Profitability: Net income and gross profit margins reveal how efficiently Waste Connections, Inc. converts revenue into earnings.
- Balance sheet health: Total assets, liabilities, debt, and equity provide a snapshot of WCN's financial position and leverage.
- Cash flow: Operating cash flow shows how much cash the business generates from its core operations, which is critical for funding dividends, buybacks, and growth.
How to Use WCN Financial Data
Investors use Waste Connections, Inc.'s financial statements to assess the company's financial health, growth trajectory, and valuation. Key metrics to focus on include:
- Revenue growth rate: Consistent double-digit revenue growth suggests a strong business; declining revenue may signal competitive pressure.
- Net profit margin: Higher margins indicate a more efficient business with pricing power. Compare WCN's margins to sector peers for context.
- Debt levels: High debt-to-equity ratios increase financial risk, especially in rising-rate environments. Low debt provides flexibility.
- Valuation multiples: See how WCN's P/E, P/S, and EV/EBITDA ratios compare to historical levels.
- Full analysis: View WCN's financial health score, earnings, and pre-market pricing.
Financial data is sourced from Waste Connections, Inc.'s SEC filings (10-K, 10-Q) via Polygon.io and Finnhub.WCN trades on NYSE/NASDAQ. This page is for informational purposes only and is not financial advice.