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 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | 2,414 | 2,229 | 2,127 | 2,022 | 1,698 | 1,409 | 1,541 | 1,411 | 1,187 | 795 |
| Depreciation and amortization | 1,232 | 1,164 | 1,003 | 919 | 813 | 752 | 744 | 680 | 632 | 464 |
| Capital expenditure | -1,179 | -1,056 | -934 | -913 | -744 | -597 | -634 | -546 | -479 | -345 |
| Investing cash flow | -2,023 | -3,159 | -1,581 | -3,087 | -1,693 | — | — | — | — | — |
| Financing cash flow | -360 | 945 | -544 | 1,028 | -499 | — | — | — | — | — |
| Dividends paid | -334 | -302 | -271 | -243 | -220 | -200 | -175 | -153 | -132 | -92.5 |
| Share repurchases | -506 | 0.0 | 0.0 | -425 | -339 | -106 | — | -58.9 | — | — |
| Debt issued | 2,674 | 4,564 | 1,819 | 4,816 | 2,112 | — | — | — | — | — |
| Debt repaid | -2,130 | -3,246 | -2,053 | -3,075 | -1,893 | — | — | — | — | — |
| Effect of exchange rates | 0.6 | -0.6 | 1.3 | -2.0 | -0.0 | — | — | — | — | — |
| Net change in cash | 31.4 | 14.1 | 2.7 | -38.3 | -495 | — | — | — | — | — |
| Free cash flow | 1,220 | 1,173 | 1,193 | 1,110 | 954 | — | — | — | — | — |
| Levered free cash flow | 1,167 | 842 | 895 | 907 | 810 | — | — | — | — | — |