What is Waste Connection's earnings per share (EPS)?

Waste Connection (WCN) reported diluted earnings per share of $4.17 for fiscal year 2025. This represents a 74.5% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Waste Connection Financials

WCN

Source SEC Filings (10-K/10-Q) Updated Dec 31, 2025 Currency USD FYE December

This page shows Waste Connection (WCN) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 16 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Financial Health Signals

Financial Profile 48/100

Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores

Profitability

Waste Connection has an operating margin of 18.1%, meaning the company retains $18 of operating profit per $100 of revenue. This results in a moderate score of 62/100, indicating healthy but not exceptional operating efficiency. This is up from 12.0% the prior year.

Growth

Waste Connection's revenue grew 6.1% year-over-year to $9.5B, a solid pace of expansion. This earns a growth score of 44/100.

Leverage

Waste Connection carries a low D/E ratio of 1.07, meaning only $1.07 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 80/100, indicating a strong balance sheet with room for future borrowing.

Liquidity

Waste Connection's current ratio of 0.62 means current assets barely cover short-term liabilities. This tight liquidity results in a low score of 7/100, which could limit financial flexibility.

Cash Flow

Waste Connection has a free cash flow margin of 13.0%, earning a moderate score of 58/100. The company generates positive cash flow after capital investments, but with room for improvement.

Returns

Waste Connection's ROE of 13.1% shows moderate profitability relative to equity, earning a score of 40/100. This is up from 7.9% the prior year.

Altman Z-Score Safe

2.99

Waste Connection scores 2.99, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($42.5B) relative to total liabilities ($12.9B). This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.

Piotroski F-Score Neutral

6/9

Waste Connection passes 6 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), 1 of 3 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.

Earnings Quality Cash-Backed

2.24x

For every $1 of reported earnings, Waste Connection generates $2.24 in operating cash flow ($2.4B OCF vs $1.1B net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Interest Coverage Safe

5.1x

Waste Connection earns $5.1 in operating income for every $1 of interest expense ($1.7B vs $334.6M). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.

Key Financial Metrics

Export CSV

Earnings & Revenue

Revenue

$9.5B

YoY+6.1%

5Y CAGR+11.7%

10Y CAGR+17.3%

Waste Connection generated $9.5B in revenue in fiscal year 2025. This represents an increase of 6.1% from the prior year.

EBITDA

$2.9B

YoY+31.9%

5Y CAGR+20.4%

10Y CAGR+30.3%

Waste Connection's EBITDA was $2.9B in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 31.9% from the prior year.

Net Income

$1.1B

YoY+74.3%

5Y CAGR+39.4%

Waste Connection reported $1.1B in net income in fiscal year 2025. This represents an increase of 74.3% from the prior year.

EPS (Diluted)

$4.17

YoY+74.5%

5Y CAGR+39.8%

Waste Connection earned $4.17 per diluted share (EPS) in fiscal year 2025. This represents an increase of 74.5% from the prior year.

Cash & Balance Sheet

Free Cash Flow

$1.2B

YoY+5.3%

5Y CAGR+8.8%

10Y CAGR+12.5%

Waste Connection generated $1.2B in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 5.3% from the prior year.

Cash & Debt

$46.0M

YoY-26.3%

5Y CAGR-40.5%

10Y CAGR+15.4%

Waste Connection held $46.0M in cash against $8.8B in long-term debt as of fiscal year 2025.

Dividends Per Share

$1.29

YoY+10.7%

5Y CAGR+11.2%

10Y CAGR+13.8%

Waste Connection paid $1.29 per share in dividends in fiscal year 2025. This represents an increase of 10.7% from the prior year.

Shares Outstanding

256M

YoY-0.9%

5Y CAGR-0.5%

10Y CAGR+8.9%

Waste Connection had 256M shares outstanding in fiscal year 2025. This represents a decrease of 0.9% from the prior year.

Margins & Returns

Gross Margin

42.4%

YoY+0.6pp

5Y CAGR+2.5pp

10Y CAGR+3.5pp

Waste Connection's gross margin was 42.4% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 0.6 percentage points from the prior year.

Operating Margin

18.1%

YoY+6.1pp

5Y CAGR+10.5pp

10Y CAGR+21.3pp

Waste Connection's operating margin was 18.1% in fiscal year 2025, reflecting core business profitability. This is up 6.1 percentage points from the prior year.

Net Margin

11.4%

YoY+4.5pp

5Y CAGR+7.6pp

10Y CAGR+16.3pp

Waste Connection's net profit margin was 11.4% in fiscal year 2025, showing the share of revenue converted to profit. This is up 4.5 percentage points from the prior year.

Return on Equity

13.1%

YoY+5.2pp

5Y CAGR+10.1pp

10Y CAGR+17.9pp

Waste Connection's ROE was 13.1% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 5.2 percentage points from the prior year.

Capital Allocation

R&D Spending

N/A

Share Buybacks

$505.5M

5Y CAGR+36.8%

10Y CAGR+18.7%

Waste Connection spent $505.5M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

Capital Expenditures

$1.2B

YoY+11.7%

5Y CAGR+14.6%

10Y CAGR+19.5%

Waste Connection invested $1.2B in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 11.7% from the prior year.

WCN Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	$9.5B+6.1%	$8.9B+11.2%	$8.0B+11.2%	$7.2B+17.2%	$6.2B+13.0%	$5.4B
Cost of Revenue	$5.5B+5.1%	$5.2B+9.4%	$4.7B+9.4%	$4.3B+18.7%	$3.7B+11.5%	$3.3B
Gross Profit	$4.0B+7.6%	$3.7B+13.7%	$3.3B+14.0%	$2.9B+15.2%	$2.5B+15.1%	$2.2B
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$959.5M+8.6%	$883.4M+10.6%	$799.1M+14.7%	$696.5M+13.7%	$612.3M+13.9%	$537.6M
Operating Income	$1.7B+60.2%	$1.1B-13.6%	$1.2B-0.5%	$1.2B+19.5%	$1.0B+152.1%	$412.4M
Interest Expense	$334.6M+2.4%	$326.8M+19.0%	$274.6M+35.7%	$202.3M+24.3%	$162.8M+0.3%	$162.4M
Income Tax	$341.4M+133.2%	$146.4M-33.7%	$220.7M+3.6%	$213.0M+39.9%	$152.3M+205.0%	$49.9M
Net Income	$1.1B+74.3%	$617.6M-19.0%	$762.8M-8.7%	$835.7M+35.2%	$618.0M+202.0%	$204.7M
EPS (Diluted)	$4.17+74.5%	$2.39-19.0%	$2.95-9.0%	$3.24+37.3%	$2.36+202.6%	$0.78

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Revenue	$2.4B-3.5%	$2.5B+2.1%	$2.4B+8.0%	$2.2B-1.4%	$2.3B-3.3%	$2.3B+4.0%	$2.2B+8.5%	$2.1B
Cost of Revenue	$1.4B-3.0%	$1.4B+1.0%	$1.4B+7.9%	$1.3B-2.5%	$1.3B-1.4%	$1.3B+3.3%	$1.3B+6.5%	$1.2B
Gross Profit	$1.0B-4.0%	$1.1B+3.7%	$1.0B+8.3%	$936.7M+0.1%	$935.5M-5.9%	$994.4M+5.0%	$947.1M+11.3%	$850.9M
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$230.0M-2.8%	$236.5M-2.7%	$243.0M-2.9%	$250.1M+18.4%	$211.3M-5.0%	$222.5M-2.8%	$228.8M+3.7%	$220.7M
Operating Income	$420.8M-4.3%	$439.6M-4.3%	$459.5M+17.8%	$390.2M+295.9%	-$199.2M-141.9%	$475.3M+11.9%	$424.7M+15.8%	$366.8M
Interest Expense	$86.5M+2.4%	$84.4M+2.1%	$82.8M+2.3%	$80.9M-1.9%	$82.4M-1.3%	$83.5M+1.4%	$82.4M+5.0%	$78.5M
Income Tax	$82.5M-6.8%	$88.5M-10.5%	$98.9M+38.4%	$71.5M+183.4%	-$85.6M-193.1%	$92.0M+14.2%	$80.6M+35.6%	$59.4M
Net Income	$258.5M-9.7%	$286.3M-1.4%	$290.3M+20.2%	$241.5M+223.2%	-$196.0M-163.6%	$308.0M+11.8%	$275.5M+19.7%	$230.1M
EPS (Diluted)	N/A	$1.11-0.9%	$1.12+20.4%	$0.93	N/A	$1.19+11.2%	$1.07+20.2%	$0.89

WCN Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$21.1B+6.6%	$19.8B+10.6%	$17.9B+4.6%	$17.1B+16.6%	$14.7B+5.1%	$14.0B
Current Assets	$1.3B+6.9%	$1.2B+7.5%	$1.1B+2.2%	$1.1B+8.2%	$1.0B-26.7%	$1.4B
Cash & Equivalents	$46.0M-26.3%	$62.4M-20.5%	$78.4M-0.3%	$78.6M-46.7%	$147.4M-76.1%	$617.3M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$1.0B+9.6%	$935.0M+9.1%	$857.0M+2.8%	$833.9M+17.5%	$709.6M+12.6%	$630.3M
Goodwill	$8.4B+5.6%	$8.0B+7.4%	$7.4B+7.3%	$6.9B+11.5%	$6.2B+8.0%	$5.7B
Total Liabilities	$12.9B+7.7%	$12.0B+17.0%	$10.2B+2.0%	$10.0B+30.0%	$7.7B+8.1%	$7.1B
Current Liabilities	$2.1B+13.1%	$1.9B+11.3%	$1.7B+11.6%	$1.5B+22.7%	$1.2B+19.8%	$1.0B
Long-Term Debt	$8.8B+9.1%	$8.1B+20.0%	$6.7B-2.4%	$6.9B+36.7%	$5.0B+7.0%	$4.7B
Total Equity	$8.2B+4.9%	$7.9B+2.2%	$7.7B+8.2%	$7.1B+1.7%	$7.0B+1.9%	$6.9B
Retained Earnings	$5.2B+16.7%	$4.5B+7.6%	$4.1B+13.5%	$3.6B+19.4%	$3.1B+15.0%	$2.7B

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Total Assets	$21.1B+1.7%	$20.8B+0.5%	$20.7B+2.1%	$20.3B+2.2%	$19.8B-1.4%	$20.1B+4.1%	$19.3B+1.1%	$19.1B
Current Assets	$1.3B-6.6%	$1.4B+4.0%	$1.3B+5.4%	$1.3B+4.4%	$1.2B-9.5%	$1.4B+9.7%	$1.2B+1.5%	$1.2B
Cash & Equivalents	$46.0M-60.9%	$117.6M+6.7%	$110.2M-1.0%	$111.2M+78.3%	$62.4M-45.9%	$115.3M+46.5%	$78.7M-29.8%	$112.0M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$1.0B-4.2%	$1.1B+3.7%	$1.0B+8.4%	$952.0M+1.8%	$935.0M-5.6%	$990.9M+3.1%	$961.5M+7.2%	$896.7M
Goodwill	$8.4B+1.4%	$8.3B+0.7%	$8.2B+2.0%	$8.1B+1.3%	$8.0B+0.3%	$7.9B+2.8%	$7.7B+1.4%	$7.6B
Total Liabilities	$12.9B+1.5%	$12.7B+3.0%	$12.3B+0.7%	$12.2B+2.4%	$12.0B+1.0%	$11.8B+4.6%	$11.3B+0.2%	$11.3B
Current Liabilities	$2.1B+1.8%	$2.1B+4.3%	$2.0B+9.4%	$1.8B-2.6%	$1.9B+7.1%	$1.8B-0.9%	$1.8B+8.5%	$1.6B
Long-Term Debt	$8.8B+2.2%	$8.6B+3.4%	$8.3B-0.6%	$8.4B+3.9%	$8.1B-1.1%	$8.2B+6.0%	$7.7B-1.3%	$7.8B
Total Equity	$8.2B+1.9%	$8.1B-3.1%	$8.4B+4.2%	$8.0B+2.0%	$7.9B-4.9%	$8.3B+3.5%	$8.0B+2.5%	$7.8B
Retained Earnings	$5.2B+3.4%	$5.0B+4.3%	$4.8B+4.5%	$4.6B+3.6%	$4.5B-5.9%	$4.7B+5.2%	$4.5B+4.7%	$4.3B

WCN Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	$2.4B+8.3%	$2.2B+4.8%	$2.1B+5.2%	$2.0B+19.1%	$1.7B+20.6%	$1.4B
Capital Expenditures	$1.2B+11.7%	$1.1B+13.1%	$934.0M+2.3%	$912.7M+22.6%	$744.3M+24.7%	$597.1M
Free Cash Flow	$1.2B+5.3%	$1.2B-1.7%	$1.2B+7.5%	$1.1B+16.3%	$953.9M+17.6%	$811.5M
Investing Cash Flow	-$2.0B+36.0%	-$3.2B-99.8%	-$1.6B+48.8%	-$3.1B-82.3%	-$1.7B-61.9%	-$1.0B
Financing Cash Flow	-$360.0M-138.1%	$944.9M+273.6%	-$544.4M-152.9%	$1.0B+305.9%	-$499.5M-538.5%	-$78.2M
Dividends Paid	$333.8M+10.4%	$302.3M+11.7%	$270.6M+11.4%	$243.0M+10.4%	$220.2M+10.2%	$199.9M
Share Buybacks	$505.5M	$0	$0-100.0%	$425.0M+25.4%	$339.0M+220.9%	$105.7M

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Operating Cash Flow	$556.9M-17.8%	$677.4M+6.1%	$638.2M+17.8%	$541.5M-4.8%	$568.9M+1.9%	$558.3M-8.7%	$611.4M+24.7%	$490.3M
Capital Expenditures	$384.3M+29.3%	$297.2M+4.2%	$285.3M+34.3%	$212.5M-46.4%	$396.7M+45.8%	$272.1M+25.3%	$217.2M+27.8%	$170.0M
Free Cash Flow	$172.6M-54.6%	$380.3M+7.8%	$352.9M+7.2%	$329.1M+91.1%	$172.2M-39.8%	$286.2M-27.4%	$394.2M+23.0%	$320.4M
Investing Cash Flow	-$589.3M-42.4%	-$413.9M+0.7%	-$416.8M+30.9%	-$603.2M-17.5%	-$513.4M+39.7%	-$851.7M-85.3%	-$459.5M+65.6%	-$1.3B
Financing Cash Flow	-$28.5M+88.1%	-$239.0M-16.1%	-$205.9M-281.6%	$113.4M+218.8%	-$95.4M-128.2%	$338.5M+291.7%	-$176.6M-120.1%	$878.5M
Dividends Paid	$89.9M+10.9%	$81.0M-0.6%	$81.5M0.0%	$81.5M+0.6%	$81.0M+9.5%	$74.0M+0.4%	$73.7M+0.2%	$73.6M
Share Buybacks	$63.3M-85.7%	$441.8M	N/A	N/A	$0	$0	N/A	N/A

WCN Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	42.4%+0.6pp	41.8%+0.9pp	40.9%+1.0pp	39.9%-0.7pp	40.6%+0.8pp	39.8%
Operating Margin	18.1%+6.1pp	12.0%-3.4pp	15.4%-1.8pp	17.2%+0.3pp	16.9%+9.3pp	7.6%
Net Margin	11.4%+4.5pp	6.9%-2.6pp	9.5%-2.1pp	11.6%+1.5pp	10.1%+6.3pp	3.8%
Return on Equity	13.1%+5.2pp	7.9%-2.1pp	9.9%-1.8pp	11.8%+2.9pp	8.8%+5.9pp	3.0%
Return on Assets	5.1%+2.0pp	3.1%-1.1pp	4.3%-0.6pp	4.9%+0.7pp	4.2%+2.7pp	1.5%
Current Ratio	0.62-0.0	0.65-0.0	0.68-0.1	0.74-0.1	0.84-0.5	1.37
Debt-to-Equity	1.07+0.0	1.03+0.2	0.87-0.1	0.97+0.2	0.72+0.0	0.69
FCF Margin	13.0%-0.1pp	13.2%-1.7pp	14.9%-0.5pp	15.4%-0.1pp	15.5%+0.6pp	14.9%

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Gross Margin	42.5%-0.3pp	42.8%+0.6pp	42.1%+0.1pp	42.0%+0.7pp	41.4%-1.1pp	42.5%+0.4pp	42.1%+1.1pp	41.0%
Operating Margin	17.7%-0.1pp	17.9%-1.2pp	19.1%+1.6pp	17.5%+26.3pp	-8.8%-29.1pp	20.3%+1.4pp	18.9%+1.2pp	17.7%
Net Margin	10.9%-0.8pp	11.6%-0.4pp	12.1%+1.2pp	10.8%+19.5pp	-8.7%-21.8pp	13.2%+0.9pp	12.3%+1.1pp	11.1%
Return on Equity	3.1%-0.4pp	3.5%+0.1pp	3.5%+0.5pp	3.0%+5.5pp	-2.5%-6.2pp	3.7%+0.3pp	3.5%+0.5pp	2.9%
Return on Assets	1.2%-0.2pp	1.4%-0.0pp	1.4%+0.2pp	1.2%+2.2pp	-1.0%-2.5pp	1.5%+0.1pp	1.4%+0.2pp	1.2%
Current Ratio	0.62-0.1	0.670.0	0.67-0.0	0.70+0.0	0.65-0.1	0.77+0.1	0.70-0.0	0.75
Debt-to-Equity	1.070.0	1.07+0.1	1.00-0.0	1.05+0.0	1.03+0.0	0.99+0.0	0.96-0.0	1.00
FCF Margin	7.3%-8.2pp	15.5%+0.8pp	14.7%-0.1pp	14.8%+7.1pp	7.6%-4.6pp	12.2%-5.3pp	17.5%+2.1pp	15.5%

Note: The current ratio is below 1.0 (0.62), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.

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Frequently Asked Questions

What is Waste Connection's annual revenue?

Waste Connection (WCN) reported $9.5B in total revenue for fiscal year 2025. This represents a 6.1% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Waste Connection's revenue growing?

Waste Connection (WCN) revenue grew by 6.1% year-over-year, from $8.9B to $9.5B in fiscal year 2025.

Is Waste Connection profitable?

Yes, Waste Connection (WCN) reported a net income of $1.1B in fiscal year 2025, with a net profit margin of 11.4%.

What is Waste Connection's EBITDA?

Waste Connection (WCN) had EBITDA of $2.9B in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does Waste Connection have?

As of fiscal year 2025, Waste Connection (WCN) had $46.0M in cash and equivalents against $8.8B in long-term debt.

What is Waste Connection's gross margin?

Waste Connection (WCN) had a gross margin of 42.4% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

What is Waste Connection's operating margin?

Waste Connection (WCN) had an operating margin of 18.1% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

What is Waste Connection's net profit margin?

Waste Connection (WCN) had a net profit margin of 11.4% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Does Waste Connection pay dividends?

Yes, Waste Connection (WCN) paid $1.29 per share in dividends during fiscal year 2025.

What is Waste Connection's return on equity (ROE)?

Waste Connection (WCN) has a return on equity of 13.1% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Waste Connection's free cash flow?

Waste Connection (WCN) generated $1.2B in free cash flow during fiscal year 2025. This represents a 5.3% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Waste Connection's operating cash flow?

Waste Connection (WCN) generated $2.4B in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Waste Connection's total assets?

Waste Connection (WCN) had $21.1B in total assets as of fiscal year 2025, including both current and long-term assets.

What are Waste Connection's capital expenditures?

Waste Connection (WCN) invested $1.2B in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

Does Waste Connection buy back shares?

Yes, Waste Connection (WCN) spent $505.5M on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

How many shares does Waste Connection have outstanding?

Waste Connection (WCN) had 256M shares outstanding as of fiscal year 2025.

What is Waste Connection's current ratio?

Waste Connection (WCN) had a current ratio of 0.62 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.

What is Waste Connection's debt-to-equity ratio?

Waste Connection (WCN) had a debt-to-equity ratio of 1.07 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Waste Connection's return on assets (ROA)?

Waste Connection (WCN) had a return on assets of 5.1% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Waste Connection's Altman Z-Score?

Waste Connection (WCN) has an Altman Z-Score of 2.99, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios—working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets—to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.

What is Waste Connection's Piotroski F-Score?

Waste Connection (WCN) has a Piotroski F-Score of 6 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Waste Connection's earnings high quality?

Waste Connection (WCN) has an earnings quality ratio of 2.24x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Can Waste Connection cover its interest payments?

Waste Connection (WCN) has an interest coverage ratio of 5.1x, meaning it can comfortably cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.

How financially healthy is Waste Connection?

Waste Connection (WCN) scores 48 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.