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Waste Connections, Inc. (WCN) stock

WCNNYSERefuse SystemsFiscal year ends December 31
Financials through Q3 FY2026, quarter ended Sep 30, 2026Last filing: 10-Q on Oct 22, 2026Score 11/306% above fair value
$193.92+1.69 (+0.88%)

Close on Nov 12, 2026Market cap $48.51BP/E 43.4Yield 0.67%

Waste Connections, Inc. grew revenue 6.3% to $9.94B over the twelve months to Sep 30, 2026. Operating income rose 61.8% to $1.76B, moving the operating margin from 11.7% to 17.7%. Free cash flow was $1.25B, up 1.2% from a year earlier. At the latest close the market valued the company at $48.51B, 43.4 times its earnings.

Revenue
$9.94B
+6.3% vs. a year earlier
Operating income
$1.76B
+61.8% vs. a year earlier
Free cash flow
$1.25B
+1.2% vs. a year earlier
EPS, diluted
$4.47
+86.3% vs. a year earlier

Key statistics

Valuation at the latest close; fundamentals over the trailing twelve months, balances at Sep 30, 2026

Valuation

Market cap
$48.51B
P/E ratio
43.4
Price to sales
4.88
Price to book
–
Dividend yield
0.67%
Free cash flow yield
2.58%

Fundamentals

Revenue
$9.94B
Net income
$1.08B
EPS, diluted
$4.47
Free cash flow
$1.25B
Diluted shares
252M

Trading

Next earnings
Feb 10, 2027 (estimated, during market hours)
Previous close
$192.23
Open
$195.39
Day's range
$191.26 – $195.39
Volume
2,352,298
Average volume (20 days)
2,325,034
Beta (5 years)
0.37
52-week range
$146.89 – $195.39
RSI (14 days)
73.4
Volatility (1 year)
25.5%
Relative volume
1.54×
WACC
6.8%

Market cap history

Month-end market cap since 2011, using shares outstanding reported at the time

Total return vs. the S&P 500

Price change plus reinvested dividends, to the close on Nov 12, 2026. The S&P 500 is measured by the SPY fund.

PeriodWCNS&P 500DifferenceWCN per yearS&P 500 per year
1 month+26.2%-2.7%+28.9 pts
3 months+17.3%-1.7%+19.0 pts
Year to date+11.3%+11.9%−0.6 pts
1 year+15.6%+12.0%+3.6 pts
3 years+51.3%+78.2%−26.9 pts+14.8%+21.2%
5 years+47.6%+73.2%−25.6 pts+8.1%+11.6%
10 years+321.6%+309.6%+12.0 pts+15.5%+15.1%

Fifteen years at a glance

Fiscal years 2011 to 2025 and trailing twelve months, USD

Revenue

$9.94B+6.3% YoY

Gross profit

$4.24B+7.6% YoY

Operating income

$1.76B+61.8% YoY

Net income

–

EPS, diluted

$4.47+86.3% YoY

Free cash flow

$1.25B+1.2% YoY
Reported periodTrailing twelve months

Press releases

Releases Waste Connections filed with the SEC as exhibits to Form 8-K or 6-K

All press releases and earnings

About Waste Connections

Refuse Systems

Waste Connections, Inc. provides non-hazardous solid waste services, including collection, transfer, and disposal operations, resource recovery via recycling, and renewable fuels generation. The company also delivers non-hazardous oil and natural gas exploration and production waste treatment, recovery, and disposal, alongside intermodal transport for cargo and waste containers in the Pacific Northwest. Operations are decentralized across six geographic operating segments. Its customer base includes residential households, commercial businesses, municipalities, industrial clients, and oil and gas exploration and production operators.

Company profile, executives and history

Waste Connections stock: common questions

What is Waste Connections's stock price?

WCN closed at $193.92 on Nov 12, 2026, up 0.88% on the day. Over the past 52 weeks it traded between $146.89 and $195.39.

What is Waste Connections's market cap?

Waste Connections was worth $48.51B at the close on Nov 12, 2026: the share price times the diluted shares outstanding.

What is WCN's P/E ratio?

WCN trades at 43.4 times earnings, based on diluted earnings per share of $4.47 over the twelve months to Sep 30, 2026.

How much revenue does Waste Connections make?

Waste Connections reported revenue of $9.94B for the twelve months to Sep 30, 2026, up 6.3% from a year earlier.

Does Waste Connections pay a dividend?

Yes. Waste Connections paid $1.29 per share over the last twelve months, a yield of 0.67% at the latest price, and has raised its annual dividend 11 years in a row.

When does Waste Connections report earnings next?

Waste Connections is expected to report Q4 FY2026 results on Feb 10, 2027, during market hours. The date is estimated from its past reporting pattern until the company confirms it.

How has WCN stock performed over the past year?

Including dividends, WCN returned +15.6% over the past year, against +12.0% for the S&P 500.

How many WCN shares are sold short?

5M shares were sold short at the latest FINRA report, 1.82% of the float, or 1.9 days of average trading volume.

Who are Waste Connections's competitors?

Companies most similar to Waste Connections by business, industry and size include GFL, RSG, WM, CWST, CLH.

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