NYSE:WCN
Waste Connections, Inc.
Waste Connections, Inc.'s revenue grew 6.1% in fiscal 2025 to $9.5B while operating margin rose to 18.1%, its highest in 10 years. Free cash flow was $1.2B, 13.0% of revenue.Summary generated from Waste Connections, Inc.'s SEC filings. Latest annual report filed Feb 12, 2026.
Key statistics
Fiscal 2025 from SEC filings. MethodologyRevenue (FY25)$9.5B
Revenue growth+6.1%
Revenue, 5-yr CAGR+11.7%
Gross margin42.4%
Operating margin18.1%
Net margin11.4%
ROIC7.9%
Return on equity13.4%
Debt / equity1.07
Free cash flow$1.2B
FCF margin13.0%
Share count change−0.3%
Financials
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | 6,151 | 7,212 | 8,022 | 8,920 | 9,467 |
| Operating income | 1,040 | 1,242 | 1,236 | 1,068 | 1,710 |
| Net income | 618 | 836 | 763 | 618 | 1,077 |
| Free cash flow | 954 | 1,110 | 1,193 | 1,173 | 1,235 |
Recent filings
- 4Insider transaction report
Aug 21, 2026 - 4Insider transaction report
Aug 20, 2026 - 8-KOther events
Aug 7, 2026 - 8-KEntry into a material agreement
Aug 4, 2026 - 8-KEntry into a material agreement
Jul 28, 2026 - 10-QQuarterly report for the period ended Jun 30, 2026
Jul 23, 2026 - 8-KResults of operations and financial condition
Jul 22, 2026 - 8-KResults of a shareholder vote
May 15, 2026