Touchstone
Last syncNov 1, 2026, 6:55 PM ET

WCN

Waste Connections, Inc. Industrials Refuse Systems Russell 3000
$184.08Close $47.1BMarket cap $148.70 – $186.7252-week range Mid-januaryNext report · estimated

Highlights

Strengths

  • Near its high 1% below its 52-week high

Cautions

  • Not in an uptrend 4 of 8 trend conditions
  • Extended 5.3 ATR above its 50-day average

Price

Filing Results Screen pick 52-week high and low Adjusted prices

Key figures

FY to Dec 31, 2025 · filed Oct 22, 2026
Off 12-month high 1%
1wk down 1.4% price change
1mo up 19.6% price change
12-month return up 8% market up 11% · its own down 1%
F-score 7 / 9 Strong
Altman Z″ 1.77 Moderate risk
P/E 43.7× price / earnings
PEG 0.58 P/E / EPS growth
P/B 5.7× price / book
Earnings yield up 3.1% EBIT / enterprise value
Cheaper than 40% of the market · around average
Revenue growth up 6% year on year
EPS growth — latest quarter
Sales growth up 7% latest quarter · +1 pts
ROE up 13% return on equity
Free cash margin up 13% $1.2B FCF
D/E 1.08 long-term debt / equity
Net debt / EBITDA 3.0×
Interest cover —EBIT / interest
Piotroski tests
  • short-term liquidity weakened
  • assets working less efficiently
  • profitable on its assets
  • generating cash from operations
  • profitability improving
  • profits backed by cash
  • reduced long-term debt
  • no new shares issued
  • gross margin widened

Trade setup

ATR% 2.4% $4.44 a day · 2×ATR $175.19
RS 64 / 99 vs the universe
Trend 4 / 8 trend template
Relative volume 1.2× vs 50-day average
Up/down volume 1.32 50 sessions
Implied move — no scheduled report
Trend template · 4 of 8
  • Price above the 150 and 200-day averages: passes
  • 150-day average above the 200-day: fails
  • 200-day average rising for a month: fails
  • 50-day average above the 150 and 200-day: passes
  • Price above the 50-day average: passes
  • At least 30% above the 52-week low: fails
  • Within 25% of the 52-week high: passes
  • RS rank 70 or higher: fails

Screen verdict

Did not qualify for any screen.

Warning signs

none flagged
  • No restatement or impairment
  • Equity positive
  • Interest covered
  • No material dilution
  • Profits tracking cash
  • Margins and revenue not shrinking
Last reported Oct 21, 2026
Results reaction Oct 21, 2026+10% vs market2 sessions after results

Financials

6 fiscal years · from filings
Revenue What customers paid the company over its fiscal year, before any cost, as filed in its annual report. The change is against the year before. Methodology $9.5B +6% on FY2024
$0 $10B FY20 FY21 FY22 FY23 FY24 FY25 FY2020 · $5.4B FY2021 · $6.2B FY2022 · $7.2B FY2023 · $8.0B FY2024 · $8.9B FY2025 · $9.5B
Net income Profit left after every cost, interest and tax for the year. A column below the line is a loss. Methodology $1.1B +74% on FY2024
$0 $2B FY20 FY21 FY22 FY23 FY24 FY25 FY2020 · $204.7M FY2021 · $618.0M FY2022 · $835.7M FY2023 · $762.8M FY2024 · $617.6M FY2025 · $1.1B
Free cash flow Cash from running the business less what it spent on equipment and buildings: the cash a year actually left behind, which profit alone does not show. Not shown for banks and insurers, whose cash moves with their loans. Methodology $1.2B +5% on FY2024
$0 $2B FY20 FY21 FY22 FY23 FY24 FY25 FY2020 · $811.5M FY2021 · $953.9M FY2022 · $1.1B FY2023 · $1.2B FY2024 · $1.2B FY2025 · $1.2B
Margins Each as a share of revenue. Gross: left after the direct cost of what was sold. Net: left after every cost. Free cash: free cash flow over revenue. A margin rising over years means the business keeps more of each dollar it sells. Methodology
  • Gross 42%
  • Net 11%
  • Free cash 13%
0% 50% FY20 FY21 FY22 FY23 FY24 FY25 FY2020 · Gross 40% · Net 4% · Free cash 15% FY2021 · Gross 41% · Net 10% · Free cash 16% FY2022 · Gross 40% · Net 12% · Free cash 15% FY2023 · Gross 41% · Net 10% · Free cash 15% FY2024 · Gross 42% · Net 7% · Free cash 13% FY2025 · Gross 42% · Net 11% · Free cash 13%
Cash and long-term debt Cash on the balance sheet at the year's end beside debt due after a year. Net cash is cash less that debt; net debt is the shortfall. Debt some filers do not tag shows as a gap, not as zero. Methodology $8.8B net debt
  • Cash
  • Long-term debt
$0 $10B FY20 FY21 FY22 FY23 FY24 FY25 FY2020 · Cash $617.3M · Long-term debt $4.7B FY2021 · Cash $147.4M · Long-term debt $5.0B FY2022 · Cash $78.6M · Long-term debt $6.9B FY2023 · Cash $78.4M · Long-term debt $6.8B FY2024 · Cash $62.4M · Long-term debt $8.2B FY2025 · Cash $46.0M · Long-term debt $8.9B
Shares outstanding Shares in issue at the year's end. A rising count means each share owns a smaller slice of the company (stock pay, share sales); a falling one, buybacks. The chart's scale is fitted to the count, so a small change looks large: read the percentage. Methodology 255.61m -2.7% since FY2020
262.82m 255.61m FY20 FY21 FY22 FY23 FY24 FY25 FY2020 · 262.82m FY2021 · 260.21m FY2022 · 257.15m FY2023 · 257.60m FY2024 · 258.02m FY2025 · 255.61m
  FY2020Dec 31, 2020 FY2021Dec 31, 2021 FY2022Dec 31, 2022 FY2023Dec 31, 2023 FY2024Dec 31, 2024 FY2025Dec 31, 2025
Revenue $5.4B $6.2B $7.2B $8.0B $8.9B $9.5B
Gross margin 40% 41% 40% 41% 42% 42%
Operating income $412.4M $1.0B $1.2B $1.2B $1.1B $1.7B
Net income $204.7M $618.0M $835.7M $762.8M $617.6M $1.1B
Net margin 4% 10% 12% 10% 7% 11%
Earnings per share $0.78 $2.36 $3.24 $2.95 $2.39 $4.17
Free cash flow $811.5M $953.9M $1.1B $1.2B $1.2B $1.2B
Free cash margin 15% 16% 15% 15% 13% 13%
Cash $617.3M $147.4M $78.6M $78.4M $62.4M $46.0M
Long-term debt $4.7B $5.0B $6.9B $6.8B $8.2B $8.9B
Shareholders' equity $6.9B $7.0B $7.1B $7.7B $7.9B $8.2B
Shares outstanding 262.82m 260.21m 257.15m 257.60m 258.02m 255.61m

Filings

SEC EDGAR
FiledReportPeriod to Lag
Oct 22, 2026 Quarterly ↗ Sep 30, 2026 22d
Jul 23, 2026 Quarterly ↗ Jun 30, 2026 23d
Apr 23, 2026 Quarterly ↗ Mar 31, 2026 23d
Feb 12, 2026 Annual ↗ Dec 31, 2025 43d
Oct 22, 2025 Quarterly ↗ Sep 30, 2025 22d
Jul 24, 2025 Quarterly ↗ Jun 30, 2025 24d
Apr 24, 2025 Quarterly ↗ Mar 31, 2025 24d
Feb 13, 2025 Annual ↗ Dec 31, 2024 44d
Oct 24, 2024 Quarterly ↗ Sep 30, 2024 24d
Jul 25, 2024 Quarterly ↗ Jun 30, 2024 25d
Apr 25, 2024 Quarterly ↗ Mar 31, 2024 25d
Feb 14, 2024 Annual ↗ Dec 31, 2023 45d

Current reports

FiledDisclosed
Oct 21, 2026 Results · Regulation FD ↗
Aug 7, 2026 Other events ↗
Aug 4, 2026 Material agreement · New obligation ↗
Jul 28, 2026 Material agreement · Regulation FD ↗
Jul 22, 2026 Results · Regulation FD ↗
May 15, 2026 Shareholder vote · Other events ↗
Apr 22, 2026 Results · Regulation FD ↗
Mar 18, 2026 Director or officer change ↗
Mar 16, 2026 Material agreement · New obligation ↗
Mar 6, 2026 Material agreement · Regulation FD ↗
Feb 11, 2026 Results · Regulation FD ↗
Oct 21, 2025 Results · Regulation FD ↗