Waste Connections revenue and financials

WCN · TSX · CAD

$219.69−0.13%−$0.28

Close · October 6, 2026

In the fiscal year ended December 2025, Waste Connections reported revenue of $9.47B (+6.14% year over year). Net income was $1.08B, a net margin of 11.4%.

Annual revenue · 2025: $9.47B
  1. $3.38B2016
  2. $4.63B2017
  3. $4.92B2018
  4. $5.39B2019
  5. $5.45B2020
  6. $6.15B2021
  7. $7.21B2022
  8. $8.02B2023
  9. $8.92B2024
  10. $9.47B2025

Fiscal year ending in December. Sources and method on the page Methodology and sources.

At a glance

Revenue growth
+6.14%
2025 vs 2024
Net income growth
+74.32%
2025 vs 2024
Net margin
11.4%
2024: 6.9%

Financial data

Amounts in millions of USD; per-share values in USD; shares in millions.

ItemQ2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023
Operating cash flow733546557677638542569558611490556554
Depreciation and amortization326315319315308290322294285263253254
Capital expenditure-302-297-399-297-285-212-397-272-217-170-318-221
Investing cash flow-606-356-589-414-417-603-513-852-460-1,335-395-581
Financing cash flow-186-96.1-28.5-239-206113-95.4338-177878-17822.7
Dividends paid-88.4-88.7-89.9-81.0-81.5-81.5-81.0-74.0-73.7-73.6-73.8-65.7
Share repurchases-331-308-63.8-442-2.3-29.0-0.7-0.9-0.4-30.9-1.6-0.7
Debt issued5621,1564526088317834729507892,353576704
Debt repaid-326-850-321-320-947-542-486-525-884-1,351-670-615
Effect of exchange rates-1.7-0.7-0.0-1.42.4-0.4-0.51.0-0.5-0.62.4-1.2
Net change in cash-61.193.1-61.023.118.051.3-40.346.1-25.333.6-15.0-5.3
Free cash flow431249157380353329172286394320237333
Levered free cash flow34815220730036026132.5169383217219306