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 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | 21,399 | 21,186 | 21,129 | 20,782 | 20,679 | 20,254 | 19,818 | 20,095 | 19,302 | 19,083 | 17,916 | 17,731 |
| Current assets | 1,399 | 1,376 | 1,312 | 1,404 | 1,350 | 1,281 | 1,227 | 1,355 | 1,236 | 1,217 | 1,142 | 1,152 |
| Cash and equivalents | 98.2 | 112 | 46.0 | 118 | 110 | 111 | 62.4 | 115 | 78.7 | 112 | 78.4 | 96.2 |
| Receivables | 1,070 | 1,033 | 1,070 | 1,070 | 1,032 | 952 | 973 | 991 | 961 | 897 | 885 | 868 |
| Inventory | — | — | 78.9 | — | — | — | 71.2 | — | — | — | 61.7 | — |
| Net property, plant and equipment | 9,281 | 9,038 | 9,046 | 8,739 | 8,706 | 8,535 | 8,344 | 8,546 | 8,192 | 8,101 | 7,490 | 7,360 |
| Goodwill | 8,388 | 8,415 | 8,392 | 8,275 | 8,221 | 8,056 | 7,950 | 7,923 | 7,705 | 7,597 | 7,404 | 7,313 |
| Other intangible assets | 1,973 | 1,960 | 2,006 | 2,004 | 2,062 | 2,067 | 1,992 | 1,983 | 1,895 | 1,877 | 1,604 | 1,619 |
| Long-term investments | 0.1 | 0.4 | 0.4 | 0.7 | 0.7 | 1.7 | 3.4 | 1.7 | 7.3 | 8.9 | 6.9 | 17.5 |
| Current liabilities | 2,128 | 2,007 | 2,124 | 2,088 | 2,001 | 1,829 | 1,879 | 1,754 | 1,770 | 1,632 | 1,688 | 1,576 |
| Accounts payable | 772 | 712 | 765 | 759 | 730 | 626 | 637 | 706 | 663 | 590 | 642 | 605 |
| Long-term debt | 9,269 | 9,079 | 8,800 | 8,606 | 8,321 | 8,380 | 8,064 | 8,154 | 7,689 | 7,786 | 6,715 | 6,796 |
| Total debt | 9,610 | 9,427 | 9,131 | 8,943 | 8,667 | — | — | — | — | — | — | — |
| Total liabilities | 13,478 | 13,129 | 12,884 | 12,689 | 12,325 | 12,240 | 11,957 | 11,834 | 11,318 | 11,292 | 10,218 | 10,140 |
| Total equity (incl. minority) | 7,921 | 8,058 | 8,245 | 8,093 | 8,354 | 8,014 | 7,860 | 8,261 | 7,983 | 7,791 | 7,698 | 7,591 |
| Retained earnings | 5,538 | 5,330 | 5,200 | 5,031 | 4,826 | 4,617 | 4,457 | 4,734 | 4,500 | 4,298 | 4,142 | 4,089 |
| Minority interest | — | — | 0.0 | 0.0 | 0.0 | 0.0 | — | — | — | 4.0 | 5.0 | 5.1 |