Waste Connections, Inc. (WCN.TO)
Woodbridge, ON, CA
Waste Connections, Inc. is a prominent provider of comprehensive waste management services across the United States and Canada, specializing in the collection, transfer, disposal, and resource recovery of non-hazardous materials. The company offers collection services to a broad spectrum of clients, including residential households, commercial enterprises, municipalities, industrial facilities, and those within the exploration and production (E&P) sectors. Beyond primary collection, it operates landfill disposal sites and manages recycling programs that process various materials such as compost, cardboard, mixed paper, plastic containers, glass bottles, and both ferrous and aluminum metals. Its infrastructure incorporates numerous transfer stations, designed to compact or load waste for efficient transportation to landfills or dedicated treatment facilities via trucks, rail, or barges. Waste Connections further provides intermodal services, facilitating the rail haulage of cargo and solid waste containers throughout the Pacific Northwest region via its specialized network of intermodal facilities. A significant component of its specialized offerings encompasses E&P waste treatment, recovery, and disposal. This includes handling complex waste streams generated from oil and natural gas exploration and production activities, such as drilling and completion fluids, drill cuttings, flowback and produced water, contaminated soils requiring reclamation treatment, and materials resulting from spill clean-ups, reserve pit remediation, or pipeline ruptures. The company also extends equipment leasing options to its clientele. As of December 31, 2021, Waste Connections' extensive operational footprint included the ownership of 334 solid waste collection operations; 142 transfer stations; 61 municipal solid waste (MSW) landfills; 12 E&P waste landfills; 14 non-MSW landfills; 71 recycling operations; 4 intermodal operations; 23 E&P liquid waste injection wells; and 19 E&P waste treatment and oil recovery facilities. Additionally, the company actively managed an extra 53 transfer stations, 10 MSW landfills, and 2 intermodal operations. Established in 1997, Waste Connections, Inc. maintains its corporate headquarters in Woodbridge, Canada.
No mergers or acquisitions recorded for this company.
| Indicator | 1D | 1W | 2W | 3W | 1M |
|---|
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
| 1D | 5D | 1M | 3M | 6M | YTD | 1Y | 3Y | 5Y | 10Y | Max |
|---|---|---|---|---|---|---|---|---|---|---|
| -1.20% | -3.95% | -8.05% | -12.35% | -17.08% | -14.53% | -23.49% | +10.90% | +41.97% | +258.93% | +1,448.08% |
Revenue flow
Revenue by geography
Revenue by segment
Revenue composition
By product
By geography
Income Statement
Balance Sheet
Cash Flow Statement
Key Metrics
Financial Ratios
Employees
Financial Growth (CAGR)
Market Data
DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.
| Rating | 2026-05 | Change |
|---|---|---|
| Strong Buy | 6 | 0 |
| Buy | 17 | 0 |
| Hold | 4 | 0 |
| Sell | 0 | 0 |
| Strong Sell | 0 | 0 |
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Revenue growth Waste Management: +4.3%+6.1% ★ Q1'26: +4.6% (vs Q1'25)
-
EPS growth Waste Management: +10.8%+74.5% ★ Q1'26: -8.6% (vs Q1'25)
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FCF margin FCF growth · Waste Management: +46.5%+9.0% ★ Q1'26: +10.5% (vs Q1'25)
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EBIT margin Waste Management: +13.2%+18.5% ★ Q1'26: +15.4% (vs Q1'25)
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ROIC Waste Management: +6.2%+7.7% ★ Q1'26: +6.4% (vs Q1'25)
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Share dilution Waste Management: +0.0%-0.3% ★ Q1'26: -1.2% (vs Q1'25)
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Debt / EBITDA Net debt/EBITDA · Waste Management: 1.12×3.06× Q1'26: 3.54× (vs Q1'25)
* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.
| Metric |
Dec 2015 actual |
Dec 2016 actual |
Dec 2017 actual |
Dec 2018 actual |
Dec 2019 actual |
Dec 2020 actual |
Dec 2021 actual |
Dec 2022 actual |
Dec 2023 actual |
Dec 2024 actual |
Dec 2025 actual |
Dec 2026 26 Rev. Ana. 25 EPS Ana. |
Dec 2027 26 Rev. Ana. 25 EPS Ana. |
Dec 2028 12 Rev. Ana. 12 EPS Ana. |
Dec 2029 25 Rev. Ana. 11 EPS Ana. |
Dec 2030 15 Rev. Ana. 11 EPS Ana. |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue |
2.12B
est: 2.67B (-20.8%)
|
3.38B
est: 4.43B (-23.9%)
|
4.63B
est: 5.82B (-20.4%)
|
4.92B
est: 6.47B (-23.9%)
|
5.39B
est: 7.06B (-23.6%)
|
5.45B
est: 7.00B (-22.2%)
|
6.15B
est: 7.64B (-19.5%)
|
7.21B
est: 9.72B (-25.8%)
|
8.02B
est: 10.88B (-26.3%)
|
8.92B
est: 8.78B (+1.6%)
|
9.47B
est: 9.51B (-0.4%)
|
9.80B
9.71B – 9.95B
+3.0% YoY
|
10.38B
10.22B – 10.66B
+6.0% YoY
|
10.95B
10.81B – 11.18B
+5.5% YoY
|
11.70B
11.55B – 11.94B
+6.8% YoY
|
12.31B
12.16B – 12.57B
+5.3% YoY
|
| EBITDA |
207.38M
est: 713.43M (-70.9%)
|
917.99M
est: 1.18B (-22.4%)
|
1.27B
est: 1.55B (-18.4%)
|
1.52B
est: 1.73B (-11.9%)
|
1.60B
est: 1.88B (-15.2%)
|
1.17B
est: 1.87B (-37.4%)
|
1.75B
est: 2.04B (-14.3%)
|
2.17B
est: 2.59B (-16.3%)
|
2.26B
est: 2.90B (-22.1%)
|
2.25B
est: 2.84B (-20.6%)
|
2.98B
est: 3.07B (-2.8%)
|
3.16B
3.14B – 3.21B
+3.0% YoY
|
3.35B
3.30B – 3.44B
+6.0% YoY
|
3.54B
3.49B – 3.61B
+5.5% YoY
|
3.78B
3.73B – 3.86B
+6.8% YoY
|
3.98B
3.93B – 4.06B
+5.3% YoY
|
| EBIT |
-62.05M
est: 364.05M (-117.0%)
|
454.07M
est: 603.72M (-24.8%)
|
633.81M
est: 792.21M (-20.0%)
|
839.24M
est: 880.71M (-4.7%)
|
853.26M
est: 960.75M (-11.2%)
|
416.29M
est: 953.25M (-56.3%)
|
933.54M
est: 1.04B (-10.2%)
|
1.25B
est: 1.32B (-5.4%)
|
1.26B
est: 1.48B (-15.1%)
|
1.09B
est: 1.70B (-35.8%)
|
1.75B
est: 1.84B (-4.6%)
|
1.89B
1.88B – 1.92B
+3.0% YoY
|
2.01B
1.97B – 2.06B
+6.0% YoY
|
2.12B
2.09B – 2.16B
+5.5% YoY
|
2.26B
2.23B – 2.31B
+6.8% YoY
|
2.38B
2.35B – 2.43B
+5.3% YoY
|
| Net Income |
-95.76M
est: 428.72M (-122.3%)
|
246.54M
est: 409.08M (-39.7%)
|
576.82M
est: 548.33M (+5.2%)
|
546.87M
est: 679.46M (-19.5%)
|
566.84M
est: 678.71M (-16.5%)
|
204.68M
est: 678.02M (-69.8%)
|
618.05M
est: 817.56M (-24.4%)
|
835.66M
est: 989.73M (-15.6%)
|
762.80M
est: 1.10B (-30.6%)
|
617.57M
est: 1.23B (-49.8%)
|
1.08B
est: 1.33B (-19.3%)
|
1.39B
1.35B – 1.42B
+4.3% YoY
|
1.56B
1.49B – 1.67B
+12.1% YoY
|
1.73B
1.71B – 1.78B
+11.1% YoY
|
1.94B
1.91B – 1.99B
+11.7% YoY
|
2.12B
2.08B – 2.18B
+9.4% YoY
|
| SGA |
237.48M
est: 263.93M (-10.0%)
|
474.26M
est: 437.68M (+8.4%)
|
509.64M
est: 574.33M (-11.3%)
|
524.39M
est: 638.49M (-17.9%)
|
546.28M
est: 696.52M (-21.6%)
|
537.63M
est: 691.08M (-22.2%)
|
612.34M
est: 753.82M (-18.8%)
|
696.47M
est: 959.09M (-27.4%)
|
799.12M
est: 1.07B (-25.6%)
|
883.45M
est: 871.53M (+1.4%)
|
959.54M
est: 943.60M (+1.7%)
|
972.30M
963.41M – 986.94M
+3.0% YoY
|
1.03B
1.01B – 1.06B
+6.0% YoY
|
1.09B
1.07B – 1.11B
+5.5% YoY
|
1.16B
1.15B – 1.19B
+6.8% YoY
|
1.22B
1.21B – 1.25B
+5.3% YoY
|
| EPS |
-0.52
est: 1.66 (-131.4%)
|
1.07
est: 1.58 (-32.3%)
|
2.19
est: 2.12 (+3.3%)
|
2.07
est: 2.63 (-21.2%)
|
2.15
est: 2.62 (-18.1%)
|
0.78
est: 2.62 (-70.2%)
|
2.37
est: 3.16 (-25.0%)
|
3.25
est: 3.83 (-15.1%)
|
2.95
est: 4.25 (-30.6%)
|
2.39
est: 4.77 (-49.9%)
|
4.18
est: 5.17 (-19.2%)
|
5.39
5.25 – 5.51
+4.3% YoY
|
6.05
5.76 – 6.47
+12.1% YoY
|
6.72
6.61 – 6.90
+11.1% YoY
|
7.51
7.38 – 7.71
+11.7% YoY
|
8.21
8.08 – 8.44
+9.4% YoY
|
| Date | Firm | Previous | New Grade | Action |
|---|---|---|---|---|
| 2026-04-28 | Barclays | Equal Weight | Equal Weight | Maintain |
| 2026-04-24 | JP Morgan | Overweight | Overweight | Maintain |
| Date | Rating | Overall | DCF | ROE | ROA | D/E | P/E | P/B |
|---|---|---|---|---|---|---|---|---|
| 2026-05-28 | B | 3/5 | 4/5 | 4/5 | 4/5 | 1/5 | 2/5 | 1/5 |
| 2026-05-27 | B | 3/5 | 4/5 | 4/5 | 4/5 | 1/5 | 2/5 | 1/5 |
| 2026-05-26 | B | 3/5 | 4/5 | 4/5 | 4/5 | 1/5 | 2/5 | 1/5 |
| 2026-05-25 | B | 3/5 | 4/5 | 4/5 | 4/5 | 1/5 | 2/5 | 1/5 |
| 2026-05-22 | B | 3/5 | 4/5 | 4/5 | 4/5 | 1/5 | 2/5 | 1/5 |
| 2026-05-21 | B | 3/5 | 4/5 | 4/5 | 4/5 | 1/5 | 2/5 | 1/5 |
| 2026-05-20 | B | 3/5 | 4/5 | 4/5 | 4/5 | 1/5 | 2/5 | 1/5 |
| 2026-05-19 | B | 3/5 | 4/5 | 4/5 | 4/5 | 1/5 | 2/5 | 1/5 |
| 2026-05-15 | B | 3/5 | 4/5 | 4/5 | 4/5 | 1/5 | 2/5 | 1/5 |
| 2026-05-14 | B | 3/5 | 4/5 | 4/5 | 4/5 | 1/5 | 2/5 | 1/5 |
| 2026-05-13 | B | 3/5 | 4/5 | 4/5 | 4/5 | 1/5 | 2/5 | 1/5 |
| 2026-05-12 | B | 3/5 | 4/5 | 4/5 | 4/5 | 1/5 | 2/5 | 1/5 |
| 2026-05-11 | B | 3/5 | 4/5 | 4/5 | 4/5 | 1/5 | 2/5 | 2/5 |
| 2026-05-08 | B | 3/5 | 4/5 | 4/5 | 4/5 | 1/5 | 2/5 | 2/5 |
| 2026-05-07 | B | 3/5 | 4/5 | 4/5 | 4/5 | 1/5 | 2/5 | 2/5 |
| 2026-05-06 | B | 3/5 | 4/5 | 4/5 | 4/5 | 1/5 | 2/5 | 2/5 |
| 2026-05-05 | B | 3/5 | 4/5 | 4/5 | 4/5 | 1/5 | 2/5 | 2/5 |
| 2026-05-04 | B | 3/5 | 4/5 | 4/5 | 4/5 | 1/5 | 2/5 | 2/5 |
| 2026-05-01 | B | 3/5 | 4/5 | 4/5 | 4/5 | 1/5 | 2/5 | 2/5 |
| 2026-04-30 | B | 3/5 | 4/5 | 4/5 | 4/5 | 1/5 | 2/5 | 2/5 |
| 2026-04-29 | B | 3/5 | 3/5 | 4/5 | 4/5 | 1/5 | 2/5 | 2/5 |
| 2026-04-28 | B | 3/5 | 3/5 | 4/5 | 4/5 | 1/5 | 2/5 | 2/5 |
| 2026-04-27 | B | 3/5 | 3/5 | 4/5 | 4/5 | 1/5 | 2/5 | 2/5 |
| 2026-04-24 | B | 3/5 | 3/5 | 4/5 | 5/5 | 1/5 | 2/5 | 2/5 |
| 2026-04-23 | B | 3/5 | 3/5 | 4/5 | 5/5 | 1/5 | 2/5 | 2/5 |
| 2026-04-22 | B | 3/5 | 3/5 | 4/5 | 5/5 | 1/5 | 2/5 | 1/5 |
| 2026-04-21 | B | 3/5 | 3/5 | 4/5 | 5/5 | 1/5 | 2/5 | 1/5 |
| 2026-04-20 | B | 3/5 | 3/5 | 4/5 | 5/5 | 1/5 | 2/5 | 1/5 |
| 2026-04-17 | B | 3/5 | 3/5 | 4/5 | 5/5 | 1/5 | 2/5 | 1/5 |
| 2026-04-16 | B | 3/5 | 3/5 | 4/5 | 5/5 | 1/5 | 2/5 | 1/5 |
| 2026-04-15 | B | 3/5 | 3/5 | 4/5 | 5/5 | 1/5 | 2/5 | 1/5 |
Owner Earnings
Ownership Overview
Ownership breakdown not available.
No beneficial ownership filings recorded.
Institutional Activity (13F)
Institutional history not available.
Top holders not available.
Insider Activity
No insider activity available.
Insider history not available.
No recent insider transactions.
Executive team
Executive compensation
Executive compensation not available.
No CEO compensation history available.
Proxy statements
No proxy statements available for this company yet.
Recent SEC filings
No SEC filings available for this company yet.
Executive team
| Name | Title | Compensation | Gender |
|---|---|---|---|
| Ronald J. Mittelstaedt | Founder, Chief Executive Officer, President & Director | 6M | male |
| Mary Anne Whitney | Executive Vice President & Chief Financial Officer | 2M | female |
| Patrick J. Shea | Executive Vice President, General Counsel & Secretary | 2M | male |
| James Little | Executive Vice President of Engineering & Disposal | 2M | male |
| Robert A. Nielsen | Senior Vice President of Operations | 2M | male |
| Domenico D. Pio | Senior Vice President of Operations | 2M | male |
| Jason J. Craft | Chief Operating Officer & Executive Vice President | 2M | male |
| Philip J. Rivard | Senior Vice President of Business Development | — | male |
| Aaron J. Bradley | Senior Vice President of Performance Optimization | — | male |
| Susan R. Netherton | Senior Vice President of People, Training & Development | — | female |
| Derek Tan | Senior Vice President & Chief Accounting Officer | — | male |
| Eric O. Hansen | Senior Vice President & Chief Information Officer | — | male |
No data available for this company.
No Senate trading activity found for this company.
No House trading activity found for this company.
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Target Price Distribution
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