Waste Connections revenue and financials
Secondary listing. The primary listing is Waste Connections · TSX (CAD)
$154.62Change from previous close: +0.21%Absolute change: +$0.32
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%.
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.
| Item | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Total revenue | 9,467 | 8,920 | 8,022 | 7,212 | 6,151 | 5,446 | 5,389 | 4,923 | 4,630 | 3,376 |
| Cost of revenue | 5,455 | 5,192 | 4,745 | 4,336 | 3,654 | 3,277 | 3,199 | 2,866 | 2,705 | 1,958 |
| Gross profit | 4,012 | 3,728 | 3,277 | 2,876 | 2,497 | — | — | — | — | — |
| Selling, general and administrative | 935 | 856 | 774 | 671 | 593 | — | — | — | — | — |
| Operating income | 1,710 | 1,068 | 1,236 | 1,242 | 1,040 | 412 | 838 | 832 | 627 | 452 |
| EBIT | 1,777 | 1,226 | 1,261 | 1,267 | 1,078 | — | — | — | — | — |
| EBITDA | 3,010 | 2,390 | 2,265 | 2,186 | 1,891 | — | — | — | — | — |
| Interest expense | 335 | 327 | 275 | 202 | 163 | 162 | 147 | 132 | 125 | 92.7 |
| Pre-tax income | 1,418 | 763 | 984 | 1,049 | 771 | — | — | — | — | — |
| Income tax | 341 | 146 | 221 | 213 | 152 | 49.9 | 139 | 160 | -68.9 | 114 |
| Net income | 1,077 | 618 | 763 | 836 | 618 | 205 | 567 | 547 | 577 | 247 |
| Net income to common shareholders | 1,077 | 618 | 763 | 836 | 618 | — | — | — | — | — |
| Basic EPS | 4.18 | 2.39 | 2.96 | 3.25 | 2.37 | 0.78 | 2.15 | 2.07 | 2.19 | 1.07 |
| Diluted EPS | 4.17 | 2.39 | 2.95 | 3.24 | 2.36 | 0.78 | 2.14 | 2.07 | 2.18 | 1.07 |
| Average shares (basic) | 257 | 258 | 258 | 257 | 261 | — | — | — | — | — |
| Average shares (diluted) | 258 | 259 | 258 | 258 | 262 | 264 | 265 | 264 | 264 | 231 |
| Dividend per share | 1.30 | 1.17 | 1.05 | 0.95 | 0.85 | — | — | — | — | — |