# Waste Connections Inc. (WCN)

**Exchange:** NYSE  
**Sector:** Industrials  
**Market cap:** $41.03B  
**Price:** $159.03 (+0.92%)

> Waste Connections Inc. is a leading North American waste management company specializing in non-hazardous waste collection, transfer, disposal, and recycling services. It provides integrated solutions to a diverse customer base, including residential communities, commercial businesses, municipalities, and industrial sectors such as offices, multi-family apartments, construction and demolition sites, property management, retail, restaurants, and manufacturing. The company operates through six geographical segments: Western, Southern, Central, Eastern, Canada, and Midsouth, supported by an extensive network of landfills and transfer stations. Waste Connections Inc. emphasizes reliable collection services with a particular focus on both urban and rural areas, positioning it as a key player in the waste management industry. Founded in 1997 and headquartered in Woodbridge, Ontario, Canada, it delivers essential environmental services across the continent, contributing to sustainable waste handling practices for communities and businesses alike.

## Income Statement (Annual, USD)

| Fiscal Year | Revenue | Gross Profit | Operating Income | Net Income | EPS (dil.) |
| --- | --- | --- | --- | --- | --- |
| 2025 | $9.47B | — | $1.71B | $1.08B | — |
| 2024 | $8.92B | — | $1.07B | $618M | — |
| 2023 | $8.02B | — | $1.24B | $763M | — |
| 2022 | $7.21B | — | $1.24B | $836M | — |
| 2021 | $6.15B | — | $1.04B | $618M | — |
| 2020 | $5.45B | — | $412M | $205M | — |
| 2019 | $5.39B | — | $838M | $567M | — |
| 2018 | $4.92B | — | $832M | $547M | — |
| 2017 | $4.63B | — | $627M | $577M | — |
| 2016 | $3.38B | — | $452M | $247M | — |
| 2015 | $2.12B | — | -$62M | -$96M | — |
| 2014 | $2.08B | — | $449M | $233M | — |

## Balance Sheet (Annual, USD)

| Fiscal Year | Total Assets | Total Liabilities | Equity | Cash | Long-term Debt |
| --- | --- | --- | --- | --- | --- |
| 2025 | $21.13B | $12.88B | $8.25B | $46M | — |
| 2024 | $19.82B | $11.96B | $7.86B | $62M | — |
| 2023 | $17.92B | $10.22B | $7.69B | $78M | — |
| 2022 | $17.13B | $10.02B | $7.11B | $79M | $6.89B |
| 2021 | $14.70B | $7.71B | $6.99B | $147M | $5.04B |
| 2020 | $13.99B | $7.13B | $6.86B | $617M | $4.74B |
| 2019 | $13.74B | $6.80B | $6.93B | $327M | $4.38B |
| 2018 | $12.63B | $6.17B | $6.45B | $319M | $4.17B |
| 2017 | $12.01B | $5.74B | $6.27B | $434M | $3.93B |
| 2016 | $11.10B | $5.45B | $5.65B | $154M | $3.63B |
| 2015 | $5.07B | $3.13B | $1.99B | $11M | $2.16B |
| 2014 | $5.25B | — | $2.23B | $14M | — |

## Cash Flow (Annual, USD)

| Fiscal Year | Operating Cash Flow | CapEx | Free Cash Flow |
| --- | --- | --- | --- |
| 2025 | $2.41B | $1.18B | $1.23B |
| 2024 | $2.23B | $1.06B | $1.17B |
| 2023 | $2.13B | $934M | $1.19B |
| 2022 | $2.02B | $913M | $1.11B |
| 2021 | $1.70B | $744M | $954M |
| 2020 | $1.41B | $597M | $811M |
| 2019 | $1.54B | $634M | $906M |
| 2018 | $1.41B | $546M | $865M |
| 2017 | $1.19B | $479M | $708M |
| 2016 | $795M | — | — |
| 2015 | $577M | — | — |

Source: [CompaniesByCap](https://companiesbycap.com/company/WCN)