To the full analysis
Waste Connections stock: growth
WCNWaste Connections reported $9.5B in revenue for fiscal 2025, up 6.5% on the prior year, up 11.8% a year on average over up to five years.
Daily figure as of 13 Nov 2026
Revenue (Annual rate)
13.9%
per year from 2006 to 2025, per share 10.9%
Earnings (Annual rate)
15%
per year from 2006 to 2025, per share 11.7%
Free cash flow (Annual rate)
13.6%
per year from 2006 to 2025, per share 10.6%
Growth per year by period
What reaches shareholders is growth per share: buybacks lift it, new shares dilute it.
| since 2020 | since 2015 | since 2006 | |
|---|---|---|---|
| Revenue | 11.8% | 16.2% | 13.9% |
| Revenue per share | 12.4% | 12.4% | 10.9% |
| Earnings | 39.5% | no data | 15.0% |
| Earnings per share | 40.0% | no data | 11.7% |
| Free cash flow | 10.4% | 13.7% | 13.6% |
| Free cash flow per share | 11.0% | 10.0% | 10.6% |
Fiscal years at a glance
How revenue and earnings grow
- Revenue
- Earnings
- Free cash flow
Figures as a table
| Year | Revenue | Earnings | Free cash flow |
|---|---|---|---|
| 2006 | $803.43M | $75.46M | $107.72M |
| 2007 | $1.04B | $107.76M | $94.84M |
| 2008 | $907.31M | $88.95M | $156.91M |
| 2009 | $1.3B | $119.48M | $175.39M |
| 2010 | $1.37B | $140.05M | $193.57M |
| 2011 | $1.46B | $160.56M | $246.25M |
| 2012 | $1.66B | $159.09M | $262.81M |
| 2013 | $1.93B | $195.66M | $274.19M |
| 2014 | $2.08B | $232.53M | $303.94M |
| 2015 | $2.12B | −$95.76M | $338.17M |
| 2016 | $3.38B | $246.54M | $450.59M |
| 2017 | $4.63B | $576.82M | $707.97M |
| 2018 | $4.92B | $546.87M | $865.09M |
| 2019 | $5.39B | $566.84M | $874.46M |
| 2020 | $5.45B | $204.68M | $743.96M |
| 2021 | $6.15B | $618.05M | $953.91M |
| 2022 | $7.21B | $835.66M | $1.11B |
| 2023 | $8.02B | $762.8M | $1.19B |
| 2024 | $8.92B | $617.57M | $1.17B |
| 2025 | $9.5B | $1.08B | $1.22B |
Revenue by region
Where Waste Connections, Inc. generates its revenue.
- Southern23%
- Western22%
- Eastern22%
- Central19%
- Canada15%
Figures as a table
| 2023 | 2024 | 2025 | Share 2025 | |
|---|---|---|---|---|
| Southern | $1.85B | $1.98B | $2.15B | 22.6% |
| Western | $1.88B | $2.03B | $2.11B | 22.2% |
| Eastern | $1.64B | $1.88B | $2.05B | 21.6% |
| Central | $1.62B | $1.7B | $1.78B | 18.8% |
| Canada | $1.11B | $1.39B | $1.46B | 15.4% |
| Total revenue | $8.02B | $8.92B | $9.5B | 100% |
Data status and sources
- Score
- Daily value of 13 Nov 2026, recalculated nightly
- Price
- Closing price of 12 Nov 2026
- Latest annual report
- Fiscal year 2025, period end 31 Dec 2025
- Source
- Financial statements, ratios and prices from Financial Modeling Prep (FMP), based on the company's reports. MEQIRI calculates the score and fair value from them.
Mandatory disclosures for this rating
- ; time horizon around 12 months
- Rated Neutral, published since 7 Nov 2026 (in the score history since 6 Feb 2026)
- Valuation signal Fairly valued since 7 Nov 2026
- End-of-day prices, metrics cached for up to 24 hours
- Score and fair value are estimates from a disclosed model. They are not facts and not a price target.
- Produced by SSM Ventures UG (haftungsbeschränkt), responsible person Sven Brostmeyer, Managing Director, automatically according to the disclosed model.
- Not investment advice. Losses up to and including a total loss are possible. Personal circumstances are not considered.