Waste Connections financials
$155.56−0.38%
Close Sep 29, 2026 · split-adjustedRevenue
Net income
Income statement & cash flow
| Fiscal year | FY25 Dec 31 | FY24 Dec 31 | FY23 Dec 31 | FY22 Dec 31 | FY21 Dec 31 | FY20 Dec 31 | FY19 Dec 31 | FY18 Dec 31 | FY17 Dec 31 | FY16 Dec 31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $9.47B | $8.92B | $8.02B | $7.21B | $6.15B | $5.45B | $5.39B | $4.92B | $4.63B | $3.38B |
| Gross profit | $4.01B | $3.73B | $3.28B | $2.88B | $2.50B | $2.17B | $2.19B | $2.06B | $1.93B | $1.42B |
| Gross margin | 42.4% | 41.8% | 40.9% | 39.9% | 40.6% | 39.8% | 40.6% | 41.8% | 41.6% | 42.0% |
| Operating income | $1.71B | $1.07B | $1.24B | $1.24B | $1.04B | $412.4M | $837.8M | $832.2M | $627.1M | $452.3M |
| Net income | $1.08B | $617.6M | $762.8M | $835.7M | $618.0M | $204.7M | $566.8M | $546.9M | $576.8M | $246.5M |
| Net margin | 11.4% | 6.9% | 9.5% | 11.6% | 10.0% | 3.8% | 10.5% | 11.1% | 12.5% | 7.3% |
| Diluted EPS | $4.17 | $2.39 | $2.95 | $3.24 | $2.36 | $0.78 | $2.14 | $2.07 | $2.18 | $1.07 |
| EBITDA | $3.05B | $2.84B | $2.48B | $2.18B | $1.88B | $1.63B | $1.64B | $1.53B | $1.42B | $943.9M |
| Operating cash flow | $2.41B | $2.23B | $2.13B | $2.02B | $1.70B | $1.39B | $1.54B | $1.41B | $1.17B | $795.3M |
| Free cash flow | $1.23B | $1.17B | $1.19B | $1.11B | $953.9M | $725.5M | $873.0M | $864.7M | $690.2M | $450.6M |
| Diluted shares | 258.0M | 258.7M | 258.1M | 258.0M | 261.7M | 263.7M | 264.5M | 264.4M | 264.3M | 231.1M |
Balance sheet
| Period end | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 |
|---|---|---|---|---|---|---|
| Cash & equivalents | $46.0M | $62.4M | $78.4M | $78.6M | $147.4M | $617.3M |
| Short-term investments | $0.00 | $0.00 | $0.00 | $0.00 | — | — |
| Total debt | $8.83B | $8.10B | $6.77B | $6.91B | $5.06B | $4.73B |
| Total assets | $21.13B | $19.82B | $17.92B | $17.13B | $14.70B | $13.99B |
| Total liabilities | $12.88B | $11.96B | $10.22B | $10.02B | $7.71B | $7.13B |
| Shareholders' equity | $8.25B | $7.86B | $7.70B | $7.11B | $6.99B | $6.86B |
From SEC filings via Massive. Fiscal periods follow the company's own calendar; free cash flow is operating cash flow minus capital expenditure.
Sources: Massive / Polygon daily aggregates (split-adjusted) · SEC filings via Massive · FINRA settlements via Massive · Financial Modeling Prep. Figures are dated where shown; research is informational, not investment advice. Methodology