WASTE CONNECTIONS INC (WCN) Stock Fundamental Analysis

NYSE:WCN • CA94106B1013

170.21 USD
-1.49 (-0.87%)
Last: Feb 12, 2026, 03:32 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership News
Fundamental Rating

4

We assign a fundamental rating of 4 out of 10 to WCN. WCN was compared to 80 industry peers in the Commercial Services & Supplies industry. There are concerns on the financial health of WCN while its profitability can be described as average. WCN does not seem to be growing, but still is valued expensively.


Dividend Valuation Growth Profitability Health

6

1. Profitability

1.1 Basic Checks

  • In the past year WCN was profitable.
  • In the past year WCN had a positive cash flow from operations.
  • WCN had positive earnings in 4 of the past 5 years.
  • WCN had a positive operating cash flow in 4 of the past 5 years.
WCN Yearly Net Income VS EBIT VS OCF VS FCFWCN Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 500M 1B 1.5B 2B

1.2 Ratios

  • With a decent Return On Assets value of 2.99%, WCN is doing good in the industry, outperforming 62.50% of the companies in the same industry.
  • WCN has a Return On Equity of 7.69%. This is in the better half of the industry: WCN outperforms 65.00% of its industry peers.
  • With a decent Return On Invested Capital value of 7.55%, WCN is doing good in the industry, outperforming 67.50% of the companies in the same industry.
  • WCN had an Average Return On Invested Capital over the past 3 years of 7.10%. This is below the industry average of 10.58%.
  • The last Return On Invested Capital (7.55%) for WCN is above the 3 year average (7.10%), which is a sign of increasing profitability.
Industry RankSector Rank
ROA 2.99%
ROE 7.69%
ROIC 7.55%
ROA(3y)4.08%
ROA(5y)3.58%
ROE(3y)9.84%
ROE(5y)8.27%
ROIC(3y)7.1%
ROIC(5y)6.62%
WCN Yearly ROA, ROE, ROICWCN Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2 4 6 8 10

1.3 Margins

  • The Profit Margin of WCN (6.65%) is better than 76.25% of its industry peers.
  • WCN's Profit Margin has declined in the last couple of years.
  • WCN has a Operating Margin of 19.06%. This is amongst the best in the industry. WCN outperforms 91.25% of its industry peers.
  • In the last couple of years the Operating Margin of WCN has grown nicely.
  • Looking at the Gross Margin, with a value of 42.10%, WCN is in the better half of the industry, outperforming 75.00% of the companies in the same industry.
  • In the last couple of years the Gross Margin of WCN has remained more or less at the same level.
Industry RankSector Rank
OM 19.06%
PM (TTM) 6.65%
GM 42.1%
OM growth 3Y2.81%
OM growth 5Y2.48%
PM growth 3Y-11.67%
PM growth 5Y-8.02%
GM growth 3Y0.97%
GM growth 5Y0.56%
WCN Yearly Profit, Operating, Gross MarginsWCN Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 10 20 30 40

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3

2. Health

2.1 Basic Checks

  • WCN has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
  • There is no outstanding debt for WCN. This means it has a Debt/Equity and Debt/FCF ratio of 0 and it is amongst the best of the sector and industry.
WCN Yearly Shares OutstandingWCN Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 50M 100M 150M 200M 250M
WCN Yearly Total Debt VS Total AssetsWCN Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 5B 10B 15B

2.2 Solvency

  • An Altman-Z score of 3.11 indicates that WCN is not in any danger for bankruptcy at the moment.
  • WCN has a Altman-Z score of 3.11. This is in the better half of the industry: WCN outperforms 67.50% of its industry peers.
  • The Debt to FCF ratio of WCN is 6.99, which is on the high side as it means it would take WCN, 6.99 years of fcf income to pay off all of its debts.
  • The Debt to FCF ratio of WCN (6.99) is better than 67.50% of its industry peers.
  • A Debt/Equity ratio of 1.07 is on the high side and indicates that WCN has dependencies on debt financing.
  • WCN has a worse Debt to Equity ratio (1.07) than 71.25% of its industry peers.
Industry RankSector Rank
Debt/Equity 1.07
Debt/FCF 6.99
Altman-Z 3.11
ROIC/WACC0.95
WACC7.99%
WCN Yearly LT Debt VS Equity VS FCFWCN Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2B 4B 6B 8B

2.3 Liquidity

  • A Current Ratio of 0.67 indicates that WCN may have some problems paying its short term obligations.
  • Looking at the Current ratio, with a value of 0.67, WCN is doing worse than 87.50% of the companies in the same industry.
  • WCN has a Quick Ratio of 0.67. This is a bad value and indicates that WCN is not financially healthy enough and could expect problems in meeting its short term obligations.
  • WCN's Quick ratio of 0.67 is on the low side compared to the rest of the industry. WCN is outperformed by 81.25% of its industry peers.
Industry RankSector Rank
Current Ratio 0.67
Quick Ratio 0.67
WCN Yearly Current Assets VS Current LiabilitesWCN Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 500M 1B 1.5B

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

3

3. Growth

3.1 Past

  • The Earnings Per Share has been growing slightly by 7.52% over the past year.
  • Measured over the past years, WCN shows a quite strong growth in Earnings Per Share. The EPS has been growing by 14.21% on average per year.
EPS 1Y (TTM)7.52%
EPS 3Y10.57%
EPS 5Y14.21%
EPS Q2Q%11.21%
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%5%

3.2 Future

  • Based on estimates for the next years, WCN will show a quite strong growth in Earnings Per Share. The EPS will grow by 8.51% on average per year.
  • The Revenue is expected to grow by 6.26% on average over the next years.
EPS Next Y11.61%
EPS Next 2Y12.62%
EPS Next 3Y13.89%
EPS Next 5Y8.51%
Revenue Next Year5.78%
Revenue Next 2Y6.14%
Revenue Next 3Y7.08%
Revenue Next 5Y6.26%

3.3 Evolution

  • When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
WCN Yearly Revenue VS EstimatesWCN Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 5B 10B 15B
WCN Yearly EPS VS EstimatesWCN Yearly EPS VS EstimatesYearly EPS VS Estimates 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2 4 6

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Find the best growth stocksShow best growing peers

3

4. Valuation

4.1 Price/Earnings Ratio

  • WCN is valuated quite expensively with a Price/Earnings ratio of 33.05.
  • The rest of the industry has a similar Price/Earnings ratio as WCN.
  • When comparing the Price/Earnings ratio of WCN to the average of the S&P500 Index (28.18), we can say WCN is valued inline with the index average.
  • Based on the Price/Forward Earnings ratio of 29.61, the valuation of WCN can be described as expensive.
  • WCN's Price/Forward Earnings is on the same level as the industry average.
  • Compared to an average S&P500 Price/Forward Earnings ratio of 28.01, WCN is valued at the same level.
Industry RankSector Rank
PE 33.05
Fwd PE 29.61
WCN Price Earnings VS Forward Price EarningsWCN Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30 40 50

4.2 Price Multiples

  • WCN's Enterprise Value to EBITDA is on the same level as the industry average.
  • Compared to the rest of the industry, the Price/Free Cash Flow ratio of WCN is on the same level as its industry peers.
Industry RankSector Rank
P/FCF 35.3
EV/EBITDA 17.39
WCN Per share dataWCN EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 10 20 30

4.3 Compensation for Growth

  • The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
  • WCN has a very decent profitability rating, which may justify a higher PE ratio.
  • WCN's earnings are expected to grow with 13.89% in the coming years. This may justify a more expensive valuation.
PEG (NY)2.85
PEG (5Y)2.33
EPS Next 2Y12.62%
EPS Next 3Y13.89%

More info and screens

Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

4

5. Dividend

5.1 Amount

  • WCN has a yearly dividend return of 0.81%, which is pretty low.
  • Compared to an average industry Dividend Yield of 0.80, WCN pays a bit more dividend than its industry peers.
  • With a Dividend Yield of 0.81, WCN pays less dividend than the S&P500 average, which is at 1.80.
Industry RankSector Rank
Dividend Yield 0.81%

5.2 History

  • The dividend of WCN is nicely growing with an annual growth rate of 12.03%!
  • WCN has paid a dividend for at least 10 years, which is a reliable track record.
  • WCN has not decreased its dividend in the last 3 years.
Dividend Growth(5Y)12.03%
Div Incr Years3
Div Non Decr Years3
WCN Yearly Dividends per shareWCN Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0.2 0.4 0.6 0.8 1

5.3 Sustainability

  • WCN pays out 52.24% of its income as dividend. This is a bit on the high side, but may be sustainable.
  • The dividend of WCN is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP52.24%
EPS Next 2Y12.62%
EPS Next 3Y13.89%
WCN Yearly Income VS Free CF VS DividendWCN Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M 800M 1B
WCN Dividend Payout.WCN Dividend Payout, showing the Payout Ratio.WCN Dividend Payout.PayoutRetained Earnings

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WASTE CONNECTIONS INC

NYSE:WCN (2/12/2026, 3:32:04 PM)

170.21

-1.49 (-0.87%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCommercial & Professional Services
GICS IndustryCommercial Services & Supplies
Earnings (Last)02-11
Earnings (Next)04-21
Inst Owners89.12%
Inst Owner Change-3.01%
Ins Owners0.11%
Ins Owner Change-1.45%
Market Cap43.58B
Revenue(TTM)N/A
Net Income(TTM)622.05M
Analysts83
Price Target152.34 (-10.5%)
Short Float %0.82%
Short Ratio1.66
Dividend
Industry RankSector Rank
Dividend Yield 0.81%
Yearly Dividend1.17
Dividend Growth(5Y)12.03%
DP52.24%
Div Incr Years3
Div Non Decr Years3
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)2.57%
Min EPS beat(2)2.03%
Max EPS beat(2)3.11%
EPS beat(4)3
Avg EPS beat(4)0.47%
Min EPS beat(4)-5.03%
Max EPS beat(4)3.11%
EPS beat(8)7
Avg EPS beat(8)1.66%
EPS beat(12)9
Avg EPS beat(12)1.16%
EPS beat(16)12
Avg EPS beat(16)1.4%
Revenue beat(2)0
Avg Revenue beat(2)-0.52%
Min Revenue beat(2)-0.59%
Max Revenue beat(2)-0.45%
Revenue beat(4)0
Avg Revenue beat(4)-0.51%
Min Revenue beat(4)-0.75%
Max Revenue beat(4)-0.25%
Revenue beat(8)2
Avg Revenue beat(8)-0.18%
Revenue beat(12)3
Avg Revenue beat(12)-0.28%
Revenue beat(16)6
Avg Revenue beat(16)-0.06%
PT rev (1m)2.27%
PT rev (3m)-26.3%
EPS NQ rev (1m)-0.89%
EPS NQ rev (3m)-1.03%
EPS NY rev (1m)-0.04%
EPS NY rev (3m)-0.09%
Revenue NQ rev (1m)-0.13%
Revenue NQ rev (3m)-0.13%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0%
Valuation
Industry RankSector Rank
PE 33.05
Fwd PE 29.61
P/S 4.66
P/FCF 35.3
P/OCF 17.96
P/B 5.38
P/tB N/A
EV/EBITDA 17.39
EPS(TTM)5.15
EY3.03%
EPS(NY)5.75
Fwd EY3.38%
FCF(TTM)4.82
FCFY2.83%
OCF(TTM)9.48
OCFY5.57%
SpS36.54
BVpS31.61
TBVpS-8.54
PEG (NY)2.85
PEG (5Y)2.33
Graham Number60.52
Profitability
Industry RankSector Rank
ROA 2.99%
ROE 7.69%
ROCE 9.54%
ROIC 7.55%
ROICexc 7.6%
ROICexgc 17.01%
OM 19.06%
PM (TTM) 6.65%
GM 42.1%
FCFM 13.2%
ROA(3y)4.08%
ROA(5y)3.58%
ROE(3y)9.84%
ROE(5y)8.27%
ROIC(3y)7.1%
ROIC(5y)6.62%
ROICexc(3y)7.13%
ROICexc(5y)6.71%
ROICexgc(3y)16.04%
ROICexgc(5y)15.16%
ROCE(3y)8.97%
ROCE(5y)8.36%
ROICexgc growth 3Y4.71%
ROICexgc growth 5Y6.27%
ROICexc growth 3Y5.49%
ROICexc growth 5Y5.39%
OM growth 3Y2.81%
OM growth 5Y2.48%
PM growth 3Y-11.67%
PM growth 5Y-8.02%
GM growth 3Y0.97%
GM growth 5Y0.56%
F-Score6
Asset Turnover0.45
Health
Industry RankSector Rank
Debt/Equity 1.07
Debt/FCF 6.99
Debt/EBITDA 2.86
Cap/Depr 96.51%
Cap/Sales 12.74%
Interest Coverage 250
Cash Conversion 80.4%
Profit Quality 198.46%
Current Ratio 0.67
Quick Ratio 0.67
Altman-Z 3.11
F-Score6
WACC7.99%
ROIC/WACC0.95
Cap/Depr(3y)94.39%
Cap/Depr(5y)92.61%
Cap/Sales(3y)12.05%
Cap/Sales(5y)12.09%
Profit Quality(3y)159.7%
Profit Quality(5y)199.37%
High Growth Momentum
Growth
EPS 1Y (TTM)7.52%
EPS 3Y10.57%
EPS 5Y14.21%
EPS Q2Q%11.21%
EPS Next Y11.61%
EPS Next 2Y12.62%
EPS Next 3Y13.89%
EPS Next 5Y8.51%
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%5%
Revenue Next Year5.78%
Revenue Next 2Y6.14%
Revenue Next 3Y7.08%
Revenue Next 5Y6.26%
EBIT growth 1Y4.81%
EBIT growth 3Y16.36%
EBIT growth 5Y13.35%
EBIT Next Year77.97%
EBIT Next 3Y27.4%
EBIT Next 5Y19.26%
FCF growth 1Y4.33%
FCF growth 3Y7.13%
FCF growth 5Y6.05%
OCF growth 1Y15.9%
OCF growth 3Y9.49%
OCF growth 5Y7.67%

WASTE CONNECTIONS INC / WCN FAQ

What is the ChartMill fundamental rating of WASTE CONNECTIONS INC (WCN) stock?

ChartMill assigns a fundamental rating of 5 / 10 to WCN.


What is the valuation status of WASTE CONNECTIONS INC (WCN) stock?

ChartMill assigns a valuation rating of 2 / 10 to WASTE CONNECTIONS INC (WCN). This can be considered as Overvalued.


What is the profitability of WCN stock?

WASTE CONNECTIONS INC (WCN) has a profitability rating of 7 / 10.


What are the PE and PB ratios of WASTE CONNECTIONS INC (WCN) stock?

The Price/Earnings (PE) ratio for WASTE CONNECTIONS INC (WCN) is 33.05 and the Price/Book (PB) ratio is 5.38.


Can you provide the dividend sustainability for WCN stock?

The dividend rating of WASTE CONNECTIONS INC (WCN) is 4 / 10 and the dividend payout ratio is 52.24%.