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WCN

Waste Connections Inc

US$153.53+1.90% (US$2.87)
Day's range
US$150.72 – US$152.50
Day's volume
US$124.4m
52-week range
US$148.70 – US$177.39

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See how WCN weighs in your net worth, what it has paid you and how far it is from your target allocation.

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WCN in numbers

Market cap
US$38.4bn
Dividend yield (12m)
0.91%

The 12-month dividend yield of WCN is 0.91%, above its 5-year average of 0.69%.

WCN price history

02/10/202502/10/2026
Compare with

WCN risk and return

Monthly closes adjusted for splits and distributions.

Metric12 months36 months60 months
Return-12.93%+14.79%+18.63%
Volatility (annualised)19.05%18.71%18.51%
Largest drawdown-15.23%-24.02%-24.02%
Positive months5/1219/3630/60

How much did investing in WCN return?

US$1,000.00 invested on 01/11/2021 would be worth US$1,192.53 today.

Value today in WCN
US$1,192.53
Return over the period
+19.25%
Return per year
+3.65%
In the S&P 500
US$1,689.81

With dividends reinvested, before taxes and costs, at month-end closes. Past returns do not guarantee future ones.

WCN fundamentals

Valuation

  • P/E
    —
  • P/B
    —
  • EV/EBITDA
    13.09
  • EV/EBIT
    23.12
  • EV/Revenue
    3.94
  • P/EBIT
    23.12
  • P/S
    3.94
  • P/OCF
    15.29
  • P/FCF
    31.18
  • Earnings yield
    4.32%
  • PEG ratio
    —
  • Earnings per share
    —
  • Book value per share
    —

Debt

  • Net debt
    —
  • Net debt/EBITDA
    —
  • Net debt/Equity
    —
  • Debt/Equity
    —
  • Current ratio
    0.66
  • Quick ratio
    —
  • Cash ratio
    0.05

Efficiency

  • Gross margin
    42.53%
  • EBITDA margin
    30.08%
  • Operating margin
    17.02%
  • Net margin
    —
  • Asset turnover
    0.46

Growth

  • Revenue CAGR (5 years)
    11.30%
  • Earnings CAGR (5 years)
    —
  • Revenue growth (year)
    —
  • Earnings growth (year)
    —
  • Revenue growth (quarter)
    —
  • Earnings growth (quarter)
    —

What is WCN's fair price?

Two classic value formulas, with today's numbers. The current price is US$153.53.

Graham's fair price
—
WCN's earnings per share and book value per share are not available, so the formula cannot be calculated.

Benjamin Graham paid no more than a P/E of 15 and a P/B of 1.5. Their product, 22.5, times earnings (EPS) and book value per share gives the fair price.

Bazin's ceiling price
US$17.68
88.48% below the price

US$1.06 (5-year average) ÷ 6%

Décio Bazin only bought shares yielding at least 6% a year in distributions. The ceiling price is the average dividend per share of recent years divided by 6%.

Graham ignores growth and debt; Bazin assumes past distributions will repeat. They are reference points for comparison, not a buy recommendation.

WCN indicators by year

Multiples at each year's closing price; margins and returns from that year's accounts.

Indicator20252024202320222021202020192018
P/E41.6571.7050.4240.8056.74131.4142.2335.75
P/B5.445.635.004.805.023.923.453.03
EV/EBITDA15.2419.8417.1818.9321.5726.6117.6815.46
Dividend yield0.74%0.68%0.70%0.71%0.62%0.74%0.73%0.78%
Earnings per shareUS$4.21US$2.39US$2.96US$3.25US$2.40US$0.78US$2.15US$2.08
Book value per shareUS$32.25US$30.46US$29.85US$27.64US$27.16US$26.16US$26.29US$24.52
ROE13.06%7.86%9.92%11.76%8.84%2.98%8.18%8.47%
ROIC15.75%10.98%12.47%7.11%7.02%3.02%6.14%6.26%
Gross margin42.37%41.79%40.86%39.88%40.60%39.83%40.64%41.79%
EBITDA margin31.08%25.02%27.92%29.97%30.12%21.39%29.35%30.73%
Net margin11.37%6.92%9.51%11.59%10.05%3.76%10.52%11.11%
Net debt/EBITDA———3.152.643.522.552.54

WCN financial statements

Line202520242023202220212020
Net revenueUS$9.5bnUS$8.9bnUS$8bnUS$7.2bnUS$6.2bnUS$5.4bn
Cost of sales-US$5.5bn-US$5.2bn-US$4.7bn-US$4.3bn-US$3.7bn-US$3.3bn
Gross profitUS$4bnUS$3.7bnUS$3.3bnUS$2.9bnUS$2.5bnUS$2.2bn
EBITDAUS$2.9bnUS$2.2bnUS$2.2bnUS$2.2bnUS$1.9bnUS$1.2bn
EBITUS$1.7bnUS$1.1bnUS$1.2bnUS$1.2bnUS$1bnUS$412.4m
Net finance result——————
Profit before taxUS$1.4bnUS$762.9mUS$983.5mUS$1bnUS$770.7mUS$253.9m
Income tax-US$341.4m-US$146.4m-US$220.7m-US$213m-US$152.3m-US$49.9m
Net incomeUS$1.1bnUS$617.6mUS$762.8mUS$835.7mUS$618mUS$204.7m

Figures the company filed with the CVM. Debt excludes leases; each quarter is that quarter alone.

Does WCN pay dividends?

Dividend yield per year

  • 0.70%2017
  • 0.78%2018
  • 0.73%2019
  • 0.74%2020
  • 0.62%2021
  • 0.71%2022
  • 0.70%2023
  • 0.68%2024
  • 0.74%2025
  • 0.69%2026
Payment history
TypeLast day to ownPaymentPer share
Dividend05/08/202620/08/2026US$0.35
Dividend05/05/202621/05/2026US$0.35
Dividend24/02/202612/03/2026US$0.35
Dividend04/11/202520/11/2025US$0.35
Dividend05/08/202521/08/2025US$0.32
Dividend06/05/202522/05/2025US$0.32
Dividend26/02/202513/03/2025US$0.32
Dividend06/11/202421/11/2024US$0.32
Dividend06/08/202422/08/2024US$0.29
Dividend06/05/202423/05/2024US$0.29
Dividend26/02/202413/03/2024US$0.29
Dividend06/11/202328/11/2023US$0.29
See all 40 distributions
Earlier distributions
TypeLast day to ownPaymentPer share
Dividend14/08/202330/08/2023US$0.26
Dividend08/05/202324/05/2023US$0.26
Dividend27/02/202315/03/2023US$0.26
Dividend14/11/202201/12/2022US$0.26
Dividend16/08/202201/09/2022US$0.23
Dividend16/05/202201/06/2022US$0.23
Dividend28/02/202216/03/2022US$0.23
Dividend05/11/202123/11/2021US$0.23
Dividend16/08/202101/09/2021US$0.21
Dividend10/05/202126/05/2021US$0.21
Dividend01/03/202117/03/2021US$0.21
Dividend06/11/202025/11/2020US$0.21
Dividend31/07/202018/08/2020US$0.19
Dividend01/05/202019/05/2020US$0.19
Dividend25/02/202012/03/2020US$0.19
Dividend07/11/201926/11/2019US$0.19
Dividend08/08/201926/08/2019US$0.16
Dividend06/05/201922/05/2019US$0.16
Dividend27/02/201915/03/2019US$0.16
Dividend08/11/201827/11/2018US$0.16
Dividend03/08/201821/08/2018US$0.14
Dividend14/05/201830/05/2018US$0.14
Dividend26/02/201814/03/2018US$0.14
Dividend06/11/201722/11/2017US$0.14
Dividend03/08/201722/08/2017US$0.12
Dividend05/05/201724/05/2017US$0.12
Dividend02/03/201721/03/2017US$0.12
Dividend02/11/201621/11/2016US$0.12

About Waste Connections

Sector
Transportation and utilities

Questions about WCN

How much is WCN today?

WCN is at US$153.53 (1.90% on the day), last traded on 02/10/2026.

How much did WCN pay in dividends in 2025?

WCN paid US$1.30 per share in 2025, a dividend yield of 0.74%.

How much did WCN return in 12 months?

WCN returned -12.93% in 12 months, with annualised volatility of 19.05% and a largest drawdown of -15.23%.