Waste Connections, Inc.

EDGAR

Annual consolidated revenue for 2025: about Unit_Standard_USD_mrK5a6TA4UO2Po29dDcyqA 9.467B, using the latest reported figures. The previous period, 2024, was about Unit_Standard_USD_mrK5a6TA4UO2Po29dDcyqA 8.92B.

Watchlist

Latest quarter

Revenue

2.64 billion Unit_Standard_USD_khAnUY1fo0aFMwMOfaQTlQ

2026 Q3 · Unit_Standard_USD_khAnUY1fo0aFMwMOfaQTlQ

Exact inputs and evidence
  • Revenue: 2638081000 Unit_Standard_USD_khAnUY1fo0aFMwMOfaQTlQ Source

Operating margin

20.54%

2026 Q3 · %

Exact inputs and evidence
  • Operating Income: 541745000 Unit_Standard_USD_khAnUY1fo0aFMwMOfaQTlQ Source
  • Revenue: 2638081000 Unit_Standard_USD_khAnUY1fo0aFMwMOfaQTlQ Source
Cash and cash equivalents
95.7 million Unit_Standard_USD_khAnUY1fo0aFMwMOfaQTlQ Source
Exact value

95694000 Unit_Standard_USD_khAnUY1fo0aFMwMOfaQTlQ

Long-term debt including current maturities
4.74 billion Unit_Standard_USD_kb4rum4voEeQA37t7FWSSw Source
Exact value

4743635000 Unit_Standard_USD_kb4rum4voEeQA37t7FWSSw

Shares outstanding
250 million Unit_Standard_shares_doozsXpxHUuTv1Fjdt9NdA Source
Exact value

250247624 Unit_Standard_shares_doozsXpxHUuTv1Fjdt9NdA

Company performance

Up to ten complete financial years · consolidated figures

Includes later revisions to earlier periods. Annual charts exclude incomplete years.

Latest filing recorded: 2026-10-22.

Financial data available through: 2025-12-31.

Coverage by financial measure
  • Revenue: 3 of 11 periods available· newest 2025-12-31
  • Operating income: 3 of 11 periods available· newest 2025-12-31
  • Net income: 3 of 11 periods available· newest 2025-12-31
  • Operating cash flow: 3 of 11 periods available· newest 2025-12-31
  • Capital expenditure: 3 of 11 periods available· newest 2025-12-31
  • Total assets: Multiple units; comparison withheld· newest 2025-12-31
  • Total liabilities: Multiple units; comparison withheld· newest 2025-12-31
  • Current assets: Multiple units; comparison withheld· newest 2025-12-31
  • Current liabilities: Multiple units; comparison withheld· newest 2025-12-31
  • Cash and cash equivalents: Multiple units; comparison withheld· newest 2025-12-31
  • Long-term debt including current maturities: 1 of 11 periods available· newest 2020-12-31
  • Shares outstanding: Multiple units; comparison withheld· newest 2025-12-31

Coverage describes values retained in this snapshot. Missing values are not zero; loading limits are reported separately.

What changed year over year

Latest complete year compared with the corresponding period one year earlier. These are measured changes; they do not establish their business causes.

  • Revenue

    +6.1%

    Prior period

    Unit_Standard_USD_mrK5a6TA4UO2Po29dDcyqA 8.92 billion

    –

    Current period

    Unit_Standard_USD_mrK5a6TA4UO2Po29dDcyqA 9.47 billion

    –

    Exact inputs and evidence

    9466915000 − 8919591000 = 547324000 Unit_Standard_USD_mrK5a6TA4UO2Po29dDcyqA

    8919591000 Unit_Standard_USD_mrK5a6TA4UO2Po29dDcyqA · 2024-01-01 – 2024-12-31

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    9466915000 Unit_Standard_USD_mrK5a6TA4UO2Po29dDcyqA · 2025-01-01 – 2025-12-31

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  • Net income

    +74.3%

    Prior period

    Unit_Standard_USD_mrK5a6TA4UO2Po29dDcyqA 617.57 million

    –

    Current period

    Unit_Standard_USD_mrK5a6TA4UO2Po29dDcyqA 1.08 billion

    –

    Exact inputs and evidence

    1076557000 − 617573000 = 458984000 Unit_Standard_USD_mrK5a6TA4UO2Po29dDcyqA

    617573000 Unit_Standard_USD_mrK5a6TA4UO2Po29dDcyqA · 2024-01-01 – 2024-12-31

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    1076557000 Unit_Standard_USD_mrK5a6TA4UO2Po29dDcyqA · 2025-01-01 – 2025-12-31

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  • Operating cash flow

    +8.3%

    Prior period

    Unit_Standard_USD_mrK5a6TA4UO2Po29dDcyqA 2.23 billion

    –

    Current period

    Unit_Standard_USD_mrK5a6TA4UO2Po29dDcyqA 2.41 billion

    –

    Exact inputs and evidence

    2414069000 − 2228927000 = 185142000 Unit_Standard_USD_mrK5a6TA4UO2Po29dDcyqA

    2228927000 Unit_Standard_USD_mrK5a6TA4UO2Po29dDcyqA · 2024-01-01 – 2024-12-31

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    2414069000 Unit_Standard_USD_mrK5a6TA4UO2Po29dDcyqA · 2025-01-01 – 2025-12-31

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  • Capital expenditure

    +11.7%

    Prior period

    Unit_Standard_USD_mrK5a6TA4UO2Po29dDcyqA 1.06 billion

    –

    Current period

    Unit_Standard_USD_mrK5a6TA4UO2Po29dDcyqA 1.18 billion

    –

    Exact inputs and evidence

    1179228000 − 1055988000 = 123240000 Unit_Standard_USD_mrK5a6TA4UO2Po29dDcyqA

    1055988000 Unit_Standard_USD_mrK5a6TA4UO2Po29dDcyqA · 2024-01-01 – 2024-12-31

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    1179228000 Unit_Standard_USD_mrK5a6TA4UO2Po29dDcyqA · 2025-01-01 – 2025-12-31

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Where revenue goes

How a period’s revenue divides into costs and what remains as profit. Items marked Derived are calculated by subtraction from reported figures.

2025 2025-01-01 – 2025-12-31

  • Revenue Unit_Standard_USD_mrK5a6TA4UO2Po29dDcyqA 9.47 billion 100% of revenue
  • Operating costs Derived Unit_Standard_USD_mrK5a6TA4UO2Po29dDcyqA 7.76 billion 82% of revenue
  • Operating income Unit_Standard_USD_mrK5a6TA4UO2Po29dDcyqA 1.71 billion 18% of revenue
  • Tax, interest and other Derived Unit_Standard_USD_mrK5a6TA4UO2Po29dDcyqA 633.62 million 6.7% of revenue
  • Net income Unit_Standard_USD_mrK5a6TA4UO2Po29dDcyqA 1.08 billion 11% of revenue

Cash

  • Operating cash flow Unit_Standard_USD_mrK5a6TA4UO2Po29dDcyqA 2.41 billion 26% of revenue
  • Capital expenditure Unit_Standard_USD_mrK5a6TA4UO2Po29dDcyqA 1.18 billion 12% of revenue
  • Free cash flow Derived Unit_Standard_USD_mrK5a6TA4UO2Po29dDcyqA 1.23 billion 13% of revenue

Share of revenue by period

  • Net income
  • Tax, interest and other
  • Operating costs
  • 2023 9.5%85%
  • 2024 88%
  • 2025 11%82%
Values and sources
Revenue breakdown by annual reporting period
PeriodRevenueOperating costsOperating incomeTax, interest and otherNet incomeFree cash flowSource
2023 2023-01-01 – 2023-12-318021951000 6785639000 Derived 1236312000 473512000 Derived 762800000 1192817000 Derived
Source
2024 2024-01-01 – 2024-12-318919591000 7851932000 Derived 1067659000 450086000 Derived 617573000 1172939000 Derived
Source
2025 2025-01-01 – 2025-12-319466915000 7756741000 Derived 1710174000 633617000 Derived 1076557000 1234841000 Derived
Source

Amounts are exact, in Unit_Standard_USD_mrK5a6TA4UO2Po29dDcyqA.

Growth

Sales over time and how quickly they are changing.

Revenue

Revenue reported for each complete financial period.

Unit_Standard_USD_mrK5a6TA4UO2Po29dDcyqA 9.5B 2025
Revenue historyRevenue reported for each complete financial period. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.10.2B7.7B5.1B2.6B0.0202320242025
Values and sources
Revenue values and source evidence
PeriodSeriesValue(Unit_Standard_USD_mrK5a6TA4UO2Po29dDcyqA)Source evidence
2023Revenue8021951000
2024Revenue8919591000
2025Revenue9466915000

Revenue growth

Change in revenue from the same financial period one year earlier.

6.1% 2025
Revenue growth historyChange in revenue from the same financial period one year earlier. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.12.1%9.1%6.0%3.0%0.0%202320242025
Values and sources
Revenue growth values and source evidence
PeriodSeriesValueSource evidence
2023Year over yearNo prior comparable period
2024Year over year11.2%
2025Year over year6.1%

Profit and cash

How much revenue becomes profit, and how much cash operations generate.

Profit margins

Operating income, net income and free cash flow as a share of revenue.

Operating margin 18.1% 2025
Net margin 11.4% 2025
Free cash flow margin 13% 2025
Profit margins historyOperating income, net income and free cash flow as a share of revenue. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.19.5%14.6%9.8%4.9%0.0%202320242025
  • Operating margin
  • Net margin
  • Free cash flow margin
Values and sources
Profit margins values and source evidence
PeriodSeriesValueSource evidence
2023Operating margin15.4%
2024Operating margin12%
2025Operating margin18.1%
2023Net margin9.5%
2024Net margin6.9%
2025Net margin11.4%
2023Free cash flow margin14.9%
2024Free cash flow margin13.2%
2025Free cash flow margin13%

Operating cash flow

Cash generated by the company’s normal business operations.

Unit_Standard_USD_mrK5a6TA4UO2Po29dDcyqA 2.4B 2025
Operating cash flow historyCash generated by the company’s normal business operations. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.2.6B2.0B1.3B651.8M0.0202320242025
Values and sources
Operating cash flow values and source evidence
PeriodSeriesValue(Unit_Standard_USD_mrK5a6TA4UO2Po29dDcyqA)Source evidence
2023Operating cash flow2126817000
2024Operating cash flow2228927000
2025Operating cash flow2414069000

Free cash flow

Operating cash flow minus capital expenditure for the same period and unit.

Unit_Standard_USD_mrK5a6TA4UO2Po29dDcyqA 1.2B 2025
Free cash flow historyOperating cash flow minus capital expenditure for the same period and unit. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.1.3B1.0B666.8M333.4M0.0202320242025
Values and sources
Free cash flow values and source evidence
PeriodSeriesValue(Unit_Standard_USD_mrK5a6TA4UO2Po29dDcyqA)Source evidence
2023Free cash flow1192817000
2024Free cash flow1172939000
2025Free cash flow1234841000

Balance sheet

Liabilities and short-term ability to meet obligations at each period end.

Liabilities to assets

Total liabilities as a share of total assets.

Not enough comparable data to show this history.
Values and sources
Liabilities to assets values and source evidence
PeriodSeriesValueSource evidence
2023-12-31Liabilities / assetsNot reportedNo source recorded
2024-12-31Liabilities / assetsNot reportedNo source recorded
2025-12-31Liabilities / assetsNot reportedNo source recorded

Current assets to current liabilities

Current assets divided by current liabilities.

Not enough comparable data to show this history.
Values and sources
Current assets to current liabilities values and source evidence
PeriodSeriesValueSource evidence
2023-12-31Current assets / current liabilitiesNot reportedNo source recorded
2024-12-31Current assets / current liabilitiesNot reportedNo source recorded
2025-12-31Current assets / current liabilitiesNot reportedNo source recorded

Cash generation

Compare reported profit with operating cash and capital spending. Free cash flow is calculated as operating cash flow minus capital expenditure when both exact, consolidated amounts match the same period and unit.

Cash generation by annual reporting period
PeriodNet incomeOperating cash flowCapital expenditureFree cash flow
2023 2023-01-01 – 2023-12-31
Unit_Standard_USD_mrK5a6TA4UO2Po29dDcyqA 762.8 million
Exact value

Exact value: 762800000 Unit_Standard_USD_mrK5a6TA4UO2Po29dDcyqA

2023-01-01 – 2023-12-31: 762800000 Unit_Standard_USD_mrK5a6TA4UO2Po29dDcyqA Inspect Net Income Open source
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Unit_Standard_USD_mrK5a6TA4UO2Po29dDcyqA 2.13 billion
Exact value

Exact value: 2126817000 Unit_Standard_USD_mrK5a6TA4UO2Po29dDcyqA

2023-01-01 – 2023-12-31: 2126817000 Unit_Standard_USD_mrK5a6TA4UO2Po29dDcyqA Inspect Operating Cash Flow Open source
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Unit_Standard_USD_mrK5a6TA4UO2Po29dDcyqA 934 million
Exact value

Exact value: 934000000 Unit_Standard_USD_mrK5a6TA4UO2Po29dDcyqA

2023-01-01 – 2023-12-31: 934000000 Unit_Standard_USD_mrK5a6TA4UO2Po29dDcyqA Inspect Capital Expenditure Open source
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Unit_Standard_USD_mrK5a6TA4UO2Po29dDcyqA 1.19 billion
Calculation and evidence

2126817000 − 934000000 Unit_Standard_USD_mrK5a6TA4UO2Po29dDcyqA

Exact free cash flow: 1192817000 Unit_Standard_USD_mrK5a6TA4UO2Po29dDcyqA

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2024 2024-01-01 – 2024-12-31
Unit_Standard_USD_mrK5a6TA4UO2Po29dDcyqA 617.57 million
Exact value

Exact value: 617573000 Unit_Standard_USD_mrK5a6TA4UO2Po29dDcyqA

2024-01-01 – 2024-12-31: 617573000 Unit_Standard_USD_mrK5a6TA4UO2Po29dDcyqA Inspect Net Income Open source
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Unit_Standard_USD_mrK5a6TA4UO2Po29dDcyqA 2.23 billion
Exact value

Exact value: 2228927000 Unit_Standard_USD_mrK5a6TA4UO2Po29dDcyqA

2024-01-01 – 2024-12-31: 2228927000 Unit_Standard_USD_mrK5a6TA4UO2Po29dDcyqA Inspect Operating Cash Flow Open source
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Unit_Standard_USD_mrK5a6TA4UO2Po29dDcyqA 1.06 billion
Exact value

Exact value: 1055988000 Unit_Standard_USD_mrK5a6TA4UO2Po29dDcyqA

2024-01-01 – 2024-12-31: 1055988000 Unit_Standard_USD_mrK5a6TA4UO2Po29dDcyqA Inspect Capital Expenditure Open source
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Unit_Standard_USD_mrK5a6TA4UO2Po29dDcyqA 1.17 billion
Calculation and evidence

2228927000 − 1055988000 Unit_Standard_USD_mrK5a6TA4UO2Po29dDcyqA

Exact free cash flow: 1172939000 Unit_Standard_USD_mrK5a6TA4UO2Po29dDcyqA

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2025 2025-01-01 – 2025-12-31
Unit_Standard_USD_mrK5a6TA4UO2Po29dDcyqA 1.08 billion
Exact value

Exact value: 1076557000 Unit_Standard_USD_mrK5a6TA4UO2Po29dDcyqA

2025-01-01 – 2025-12-31: 1076557000 Unit_Standard_USD_mrK5a6TA4UO2Po29dDcyqA Inspect Net Income Open source
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Unit_Standard_USD_mrK5a6TA4UO2Po29dDcyqA 2.41 billion
Exact value

Exact value: 2414069000 Unit_Standard_USD_mrK5a6TA4UO2Po29dDcyqA

2025-01-01 – 2025-12-31: 2414069000 Unit_Standard_USD_mrK5a6TA4UO2Po29dDcyqA Inspect Operating Cash Flow Open source
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Unit_Standard_USD_mrK5a6TA4UO2Po29dDcyqA 1.18 billion
Exact value

Exact value: 1179228000 Unit_Standard_USD_mrK5a6TA4UO2Po29dDcyqA

2025-01-01 – 2025-12-31: 1179228000 Unit_Standard_USD_mrK5a6TA4UO2Po29dDcyqA Inspect Capital Expenditure Open source
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Unit_Standard_USD_mrK5a6TA4UO2Po29dDcyqA 1.23 billion
Calculation and evidence

2414069000 − 1179228000 Unit_Standard_USD_mrK5a6TA4UO2Po29dDcyqA

Exact free cash flow: 1234841000 Unit_Standard_USD_mrK5a6TA4UO2Po29dDcyqA

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Capital expenditure uses the canonical mapped positive-spending convention. A missing, ambiguous, incompatible, or negative-sign input is left blank. Values use the latest reported version.

Dataset coverage and company identifiers

Coverage reflects filings processed into this Fundies dataset; it does not imply every source filing is loaded.

290 filings · 15,451 latest values · 15,451 originally reported values

Dataset published . Source filing dates and reporting periods are shown separately.

Identifiers: 0001318220, 1318220, BIN, WCN, edgar:1318220

Also known as BFI Canada Income Fund, BFI Canada Ltd, IESI-BFC Ltd, Progressive Waste Solutions Ltd., WASTE CONNECTIONS, INC., WASTE CONNECTIONS, INC., Waste Connections, Inc.