WCN Stock Analysis: Waste Connections | NYSE
Waste Management | NYSE, USA | Market Cap: 43.229m USD | 12M Return: -7.3% | Charts, Fundamentals & Technical Analysis
Avg Turnover: 263M
EPS Trend: 97.6%
Qual. Beats: 1
Rev. Trend: 99.3%
Qual. Beats: 2
Warnings
No concerns identified
Tailwinds
No distinct edge detected
Seasonality 10.5 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Waste Connections, Inc. is a Canada-based, U.S.-listed provider of non-hazardous solid waste management services, operating across the United States and Canada. Its core offerings include waste collection for residential, commercial, municipal, industrial, and oil & gas exploration and production (E&P) customers, along with landfill disposal, recycling, transfer station operations, landfill gas-to-energy projects, and intermodal container logistics. The company also runs a specialized E&P waste services business that handles drilling fluids, cuttings, flowback and produced water, contaminated soils, and spill cleanup. Waste Connections was founded in 1997 and is headquartered in Woodbridge, Canada, and trades on the NYSE under the ticker WCN after its 1998 IPO. As a large-cap constituent of the Industrials sector (Environmental & Facilities Services sub-industry), it operates a vertically integrated, asset-heavy model built on long-term collection contracts, owned/operated landfills, and an extensive transfer station network that creates geographic density advantages typical of the regulated North American solid waste industry.
- M&A roll-up pipeline drives revenue and margin expansion
- Landfill pricing gains offset labor and fuel cost pressures
- E&P waste segment recovers as oilfield activity rebounds
| Net Income: 1.06b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.05 > 0.02 and ΔFCF/TA -0.46 > 1.0 |
| NWC/Revenue: -6.54% < 20% (prev -6.04%; Δ -0.50% < -1%) |
| CFO/TA 0.11 > 3% & CFO 2.42b > Net Income 1.06b |
| Net Debt (9.64b) to EBITDA (3.08b): 3.13 < 3 |
| Current Ratio: 0.69 > 1.5 & < 3 |
| Outstanding Shares: last quarter (255.9m) vs 12m ago -1.17% < -2% |
| Gross Margin: 39.14% > 18% (prev 42.02%; Δ -2.88% > 0.5%) |
| Asset Turnover: 46.55% > 50% (prev 44.81%; Δ 1.75% > 0%) |
| Interest Coverage Ratio: 5.31 > 6 (EBIT TTM 1.82b / Interest Expense TTM 342.1m) |
| A: -0.03 (Total Current Assets 1.38b - Total Current Liabilities 2.01b) / Total Assets 21.2b |
| B: 0.25 (Retained Earnings 5.33b / Total Assets 21.2b) |
| C: 0.09 (EBIT TTM 1.82b / Avg Total Assets 20.7b) |
| D: 0.61 (Book Value of Equity 8.06b / Total Liabilities 13.1b) |
| Altman-Z'' = 1.86 = BBB |
| DSRI: 1.02 (Receivables 1.03b/952.0m, Revenue 9.65b/9.08b) |
| GMI: 1.07 (GM 42.02% / 39.14%) |
| AQI: 0.99 (AQ_t 0.51 / AQ_t-1 0.52) |
| SGI: 1.06 (Revenue 9.65b / 9.08b) |
| TATA: -0.06 (NI 1.06b - CFO 2.42b) / TA 21.2b) |
| Beneish M = -2.91 (Cap -4..+1) = A |
As of July 15, 2026, the stock is trading at USD 169.57 with a total of 915,121 shares traded. Over the past week, the price has changed by -1.94%, over one month by +9.41%, over three months by +6.48% and over the past year by -7.31%.
Current recommended Stop Loss: 162.40 (which is 4.2% or 2 ATR below the current price).
Waste Connections has received a consensus analysts rating of 3.96. Therefore, it is recommended to buy WCN.
- StrongBuy: 11
- Buy: 6
- Hold: 6
- Sell: 0
- StrongSell: 2
| Analysts Target Price | 204 | 20.3% |
P/E Trailing = 41.8034
P/E Forward = 22.0751
P/S = 4.4987
P/B = 5.4101
P/EG = 2.7135
Revenue TTM = 9.65b USD
EBIT TTM = 1.82b USD
EBITDA TTM = 3.08b USD
Long Term Debt = 9.09b USD (from longTermDebt, last quarter)
Short Term Debt = 54.7m USD (from shortTermDebt, last quarter)
Debt = 9.75b USD (from shortLongTermDebtTotal, last quarter) + Leases 324.5m
Net Debt = 9.64b USD (calculated: Debt 9.75b - CCE 112.4m)
Enterprise Value = 52.9b USD (43.2b + Debt 9.75b - CCE 112.4m)
Interest Coverage Ratio = 5.31 (Ebit TTM 1.82b / Interest Expense TTM 342.1m)
EV/FCF = 46.39x (Enterprise Value 52.9b / FCF TTM 1.14b)
FCF Yield = 2.16% (FCF TTM 1.14b / Enterprise Value 52.9b)
FCF Margin = 11.81% (FCF TTM 1.14b / Revenue TTM 9.65b)
Net Margin = 10.97% (Net Income TTM 1.06b / Revenue TTM 9.65b)
Gross Margin = 39.14% ((Revenue TTM 9.65b - Cost of Revenue TTM 5.87b) / Revenue TTM)
Gross Margin QoQ = 42.58% (prev 29.07%)
Tobins Q-Ratio = 2.50 (Enterprise Value 52.9b / Total Assets 21.2b)
Interest Expense / Debt = 3.51% (Interest Expense 342.1m / Debt 9.75b)
Taxrate = 24.06% (335.4m / 1.39b)
NOPAT = 1.38b (EBIT 1.82b * (1 - 24.06%))
Current Ratio = 0.69 (Total Current Assets 1.38b / Total Current Liabilities 2.01b)
Debt / Equity = 1.21 (Debt 9.75b / totalStockholderEquity, last quarter 8.06b)
Debt / EBITDA = 3.13 (Net Debt 9.64b / EBITDA 3.08b)
Debt / FCF = 8.46 (Net Debt 9.64b / FCF TTM 1.14b)
Total Stockholder Equity = 8.18b (last 4 quarters mean from totalStockholderEquity)
RoA = 5.11% (Net Income 1.06b / Total Assets 21.2b)
RoE = 12.93% (Net Income TTM 1.06b / Total Stockholder Equity 8.18b)
RoCE = 10.51% (EBIT 1.82b / Capital Employed (Equity 8.18b + L.T.Debt 9.09b))
RoIC = 7.21% (NOPAT 1.38b / Invested Capital 19.1b)
WACC = 4.78% (E(43.2b)/V(53.0b) * Re(5.26%) + D(9.75b)/V(53.0b) * Rd(3.51%) * (1-Tc(0.24)))
Discount Rate = 5.26% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -67.83 | Cagr: -0.42%
[DCF] Terminal Value 74.95% ; FCFF base≈1.16b ; Y1≈1.13b ; Y5≈1.12b
[DCF] Fair Price = 31.30 (EV 17.6b - Net Debt 9.64b = Equity 7.95b / Shares 254.1m; r=8.35% [WACC [floored]]; 5y FCF grow -3.56% → 2.50% )
EPS Correlation: 97.64 | EPS CAGR: 11.41% | SUE: 1.23 | # QB: 1
Revenue Correlation: 99.33 | Revenue CAGR: 8.99% | SUE: 1.43 | # QB: 2
EPS current Quarter (2026-06-30): EPS=1.36 | Chg30d=-0.13% | Revisions=-17% | Analysts=23
EPS next Quarter (2026-09-30): EPS=1.51 | Chg30d=+0.26% | Revisions=+0% | Analysts=23
EPS current Year (2026-12-31): EPS=5.51 | Chg30d=+0.07% | Revisions=+17% | GrowthEPS=+6.9% | GrowthRev=+5.6%
EPS next Year (2027-12-31): EPS=6.19 | Chg30d=+0.18% | Revisions=+50% | GrowthEPS=+12.4% | GrowthRev=+5.9%
[Analyst] Revisions Ratio: +19% (up=8, down=5)