Waste Connections revenue and financials

WCN · NYSE · USD

Secondary listing. The primary listing is Waste Connections · TSX (CAD)

$154.62+0.21%+$0.32

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

$3.38B2016
$4.63B2017
$4.92B2018
$5.39B2019
$5.45B2020
$6.15B2021
$7.21B2022
$8.02B2023
$8.92B2024
$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.

Income statement · Annual
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	—	—	—	—	—