Waste Connections (WCN) reported $9.5B in revenue for fiscal 2025, +6.1% year on year. That ranks #521 by revenue among 2853 SEC filers and #32 in Utilities. Net income was $1.1B, a net margin of 11.4%. Revenue has grown 12.4% a year on average since 2011 ($1.8B then). The fiscal 2025 balance sheet shows $21.1B in total assets, $46.0M in cash and $8.8B in long-term debt.
Key figures
| Key figures | FY2025 | YoY | Source |
|---|---|---|---|
| RevenueRevenueFromContractWithCustomerExcludingAssessedTax | $9.5B | +6.1% | FY20252025-12-31 |
| Gross profit | Not reported | — | |
| Operating incomeOperatingIncomeLoss | $1.7B | +60.2% | FY20252025-12-31 |
| Net incomeNetIncomeLoss | $1.1B | +74.3% | FY20252025-12-31 |
| Operating cash flowNetCashProvidedByUsedInOperatingActivities | $2.4B | +8.3% | FY20252025-12-31 |
| Capital expenditurePaymentsToAcquirePropertyPlantAndEquipment | $1.2B | +11.7% | FY20252025-12-31 |
| Total assetsAssets | $21.1B | +6.6% | FY20252025-12-31 |
| Shareholders' equityStockholdersEquity | $8.2B | +4.9% | FY20252025-12-31 |
| CashCashAndCashEquivalentsAtCarryingValue | $46.0M | −26.3% | FY20252025-12-31 |
| Long-term debtLongTermDebtAndCapitalLeaseObligations | $8.8B | +9.1% | FY20252025-12-31 |
Revenue is total net sales for the fiscal year, taken from each company's own annual filing.
Reported since the last full year
Three-month figures this company has filed since FY2025. A quarter is not comparable with a full year, and these figures are used nowhere else on the site: not in any ranking, not in comparisons, not in the download.
| Quarter | Revenue | Net income | Source |
|---|---|---|---|
| Q1 20262026-03-31 | $2.4B | $219M | Open → |
| Q2 20262026-06-30 | $2.6B | $296M | Open → |
Only periods that end on a calendar quarter appear here. A company whose fiscal year ends in June files on a different calendar, so it has no row.
Where this sits in its sector
Each bar is the spread of the whole sector: the box covers the middle half of companies, the line inside it the median, and the triangle this company. The axis is clipped at the 5th and 95th percentile so a single outlier does not flatten it.
| Where this sits in its sector | FY2025 | Position in sector |
|---|---|---|
| Net marginRank 47 of 82 companies compared | 11.4% | |
| Operating marginRank 53 of 79 companies compared | 18.1% | |
| Cash as share of revenueRank 63 of 82 companies compared | 0.5% |
All four are ratios derived from two reported lines, not single filing items. Peer group: companies in the same sector with revenue of $1bn or more; loss-making companies are included.
Profile
- Legal name
- Waste Connections, Inc.
- Ticker
- WCN
- Exchange
- NYSE
- SIC classification
- Refuse Systems (4953)
- Fiscal year end
- 12-31
- CIK
- 0001318220
Filings
- 10-QJul 23, 2026Open filing →
- 10-QApr 23, 2026Open filing →
- 10-KFeb 12, 2026Open filing →
Similar in size, same sector
| Company | Revenue | Net income |
|---|---|---|
| TC EnergyTRP | $10.9B | $2.5B |
| Cheniere Energy PartnersCQP | $10.8B | $3.0B |
| Wec EnergyWEC | $9.8B | $1.6B |
| Waste ConnectionsWCN | $9.5B | $1.1B |
| CenterPoint EnergyCNP | $9.4B | $1.1B |
| PPLPPL | $9.2B | $1.2B |
| AmerenAEE | $8.8B | $1.5B |
Cite this page
Ready-made references for the figures on this page, as published on September 25, 2026.
Wikipedia
{{cite web |title=Waste Connections — Key figures |url=https://companiesranked.com/en/company/waste-connections |website=CompaniesRanked |date=2026-09-25 |language=en}}APA 7
CompaniesRanked. (September 25, 2026). Waste Connections — Key figures. CompaniesRanked. https://companiesranked.com/en/company/waste-connectionsBibTeX
@misc{companiesranked-en-company-waste-connections-2026,
author = {{CompaniesRanked}},
title = {{Waste Connections — Key figures}},
year = {2026},
howpublished = {\url{https://companiesranked.com/en/company/waste-connections}},
note = {Compiled from SEC EDGAR XBRL filings; data as of 2026-09-25},
urldate = {2026-09-25}
}The filing itself
The numbers above are read from this document: 10-K · 0001104659-26-013700 · February 12, 2026
{{cite web |title=Waste Connections — Key figures — 10-K (0001104659-26-013700) |url=https://www.sec.gov/Archives/edgar/data/1318220/000110465926013700/wcn-20251231x10k.htm |website=SEC EDGAR |publisher=U.S. Securities and Exchange Commission |date=2026-02-12}}The figures are rebuilt with every data refresh, so the reference carries the publication date. Add your own access date if your style requires one.