Waste Connections Financial Ratios
NYSE: WCNUtilitiesEnvironmental ServicesUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
Waste Connections ratio analysis
Waste Connections earned a net margin of 11.4% in FY 2025, up from 6.9% a year earlier. Gross margin was 42.4% compared with a median of 40.9% over the prior 9 years. Return on equity reached 13.1%, meaning Waste Connections generated 0.13 dollars of profit for every dollar of shareholders' equity.
Debt-to-equity stood at 1.07 versus 1.03 the year before, and the current ratio was 0.62. At the end of FY 2025, WCN traded at 41.8 times earnings; across the 10 fiscal years shown, its year-end P/E ranged from 32.5 to 131.5, with a median of 45.9. Valuation ratios use the closing share price on each fiscal year-end date and diluted shares from the income statement; profitability and leverage ratios use reported annual figures. Current valuation multiples are on the statistics page.
Summary generated from market data by MetaCap's automated system. Methodology
Waste Connections financial ratios (annual)
| Ratio | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| P/E ratio (at fiscal year end) | 41.76 | 71.52 | 50.60 | 40.91 | 57.74 | 131.50 | 42.80 | 35.76 | 32.54 | 48.97 |
| Price / sales | 4.73 | 4.94 | 4.79 | 4.73 | 5.79 | 4.96 | 4.48 | 3.96 | 4.04 | 3.57 |
| Price / book | 5.43 | 5.61 | 5.00 | 4.80 | 5.09 | 3.94 | 3.49 | 3.02 | 2.98 | 2.14 |
| Gross margin | 42.4% | 41.8% | 40.9% | 39.9% | 40.6% | 39.8% | 40.6% | 41.8% | 41.6% | 42.0% |
| Operating margin | 18.1% | 12.0% | 15.4% | 17.2% | 16.9% | 7.6% | 15.5% | 16.9% | 13.5% | 13.4% |
| Net margin | 11.4% | 6.9% | 9.5% | 11.6% | 10.0% | 3.8% | 10.5% | 11.1% | 12.5% | 7.3% |
| Free cash flow margin | 13.0% | 13.2% | 14.9% | 15.4% | 15.5% | 14.9% | 16.8% | 17.6% | 15.3% | 13.3% |
| Return on equity (ROE) | 13.1% | 7.9% | 9.9% | 11.8% | 8.8% | 3.0% | 8.2% | 8.5% | 9.2% | 4.4% |
| Return on assets (ROA) | 5.1% | 3.1% | 4.3% | 4.9% | 4.2% | 1.5% | 4.1% | 4.3% | 4.8% | 2.2% |
| Debt / equity | 1.07 | 1.03 | 0.88 | 0.97 | 0.72 | 0.69 | 0.63 | 0.64 | 0.62 | 0.64 |
| Current ratio | 0.62 | 0.65 | 0.68 | 0.74 | 0.84 | 1.37 | 1.12 | 1.23 | 1.47 | 1.07 |
| Revenue growth | 6.1% | 11.2% | 11.2% | 17.2% | 13.0% | 1.1% | 9.5% | 6.3% | 37.2% | 75.3% |
| EPS growth | 74.5% | -19.0% | -9.0% | 37.3% | 202.6% | -63.6% | 3.4% | -5.0% | 103.7% | — |