Waste Connections Inc
Research Waste Connections Inc (WCN) on Bullrun: valuation model: 17.0% overvalued, market cap USD 38.54B, P/E 36.9, dividend yield 0.7%. Explore financials, valuation history, model signals, and stock context.
Key Metrics
- TickerWCN
- ExchangeNYSE
- CountryCanada
- SectorIndustrials
- IndustryWaste Management
- CurrencyUSD
- Valuation signal17.0% overvalued
- Market capUSD 38.54B
- P/E36.9
- Dividend yield0.7%
- Financial periodQ2 2026
- RevenueUSD 2.56B
- Net incomeUSD 296.40M
- Free cash flowUSD 379.89M
- Gross margin42.3%
Valuation Snapshot
Bullrun's latest valuation model marks Waste Connections Inc as 17.0% overvalued; latest market cap is USD 38.54B; P/E is 36.9; dividend yield is 0.7%.
Peer valuation comparison
Latest P/E is 36.88x versus a Industrials sector median of 21.2x (74.0% above).
Latest dividend yield is 0.68% versus a Industrials sector median of 2.27% (70.0% below).
Five-year financial history
| Year | Revenue | Net income | Free cash flow | Gross margin | Diluted EPS | Cash | Total debt | Equity |
|---|---|---|---|---|---|---|---|---|
| FY2025 | USD 9.47B | USD 1.08B | USD 1.23B | 42.4% | 4.17 | USD 45.97M | USD 9.13B | USD 8.25B |
| FY2024 | USD 8.92B | USD 617.57M | USD 1.17B | 41.8% | 2.39 | USD 62.37M | USD 8.39B | USD 7.86B |
| FY2023 | USD 8.02B | USD 762.80M | USD 1.19B | 40.9% | 2.95 | USD 78.40M | USD 7.02B | USD 7.69B |
| FY2022 | USD 7.21B | USD 835.66M | USD 1.11B | 39.9% | 3.24 | USD 78.64M | USD 6.90B | USD 7.11B |
Valuation history
| Year | Snapshot date | Market cap | P/E | Dividend yield | Annual dividend/share |
|---|---|---|---|---|---|
| 2026 | 2026-10-09 | USD 38.54B | 36.9 | 0.7% | 1.05 |
| 2025 | 2025-12-31 | USD 44.82B | 42.1 | 0.2% | 0.32 |
| 2024 | 2024-12-31 | USD 44.27B | 71.8 | 0.7% | 1.19 |
| 2023 | 2023-12-29 | USD 38.46B | 46.4 | 0.7% | 1.07 |
| 2022 | 2022-12-30 | USD 34.09B | 42.5 | 0.7% | 0.95 |
| 2021 | 2021-12-31 | USD 35.46B | 57.7 | 0.6% | 0.86 |
Dividend history
Latest trailing dividend snapshot: annual dividend/share 1.05 USD, yield 0.7%.
| Year | Dividends/share |
|---|---|
| FY2025 | 1.3 USD |
| FY2024 | 1.17 USD |
| FY2023 | 1.05 USD |
| FY2022 | 0.95 USD |
About Waste Connections Inc
Waste Connections, Inc. provides non-hazardous waste collection, transfer, and disposal services in the United States and Canada. It offers collection services to residential, commercial, municipal, industrial, and exploration and production (E&P) customers; landfill disposal services; and recycling services for various recyclable materials, including compost, cardboard, mixed paper, plastic containers, glass bottles, and ferrous and aluminum metals.
ETFs that hold Waste Connections Inc
Waste Connections Inc is one of the ten largest holdings of one ETF that investors in Europe can buy:
| ETF | Weight | TER |
|---|---|---|
| Xtrackers MSCI Global Clean Water & Sanitation UCITS ETF 1C USD | 4.28% | 0.35% |
Related stock research
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Frequently asked questions
Is Waste Connections Inc overvalued or undervalued?
Bullrun's valuation model currently marks Waste Connections Inc as 17.0% overvalued.
What is Waste Connections Inc's market cap?
Waste Connections Inc's market capitalization is USD 38.54B.
What is Waste Connections Inc's P/E ratio?
Waste Connections Inc's price-to-earnings (P/E) ratio is 36.9.
Does Waste Connections Inc pay a dividend?
Waste Connections Inc has a dividend yield of 0.7%.
What does Waste Connections Inc do?
Waste Connections, Inc. provides non-hazardous waste collection, transfer, and disposal services in the United States and Canada. It offers collection services to residential, commercial, municipal, industrial, and exploration and production (E&P) customers; landfill disposal services; and recycling services for various recyclable materials, including compost, cardboard, mixed paper, plastic containers, glass bottles, and ferrous and aluminum metals.