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Stock Waste Connections, Inc. WCN.TO

Waste Connections, Inc. — Investlytic score 3/5 on the five criteria.

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60/ 100
Score Investlytic · 5 criteria

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Investlytic score: 3/5 criteria met. Data as of 03/10/2026.

  • ✅ Price trend passed
  • ✅ Growth passed
  • ❌ Debt failed
  • ❌ P/E failed
  • ✅ Correction passed

Price trend

Overall trend (8 years): the price has been multiplied by at least 1.5.

Price change 2018 → 2019: 16.40%

Price change 2019 → 2020: 10.66%

Price change 2020 → 2021: 32.09%

Price change 2021 → 2022: 4.11%

Price change 2022 → 2023: 10.24%

Price change 2023 → 2024: 24.63%

Price change 2024 → 2025: -2.38%

Price change 2025 → 2026: -10.92%

Price change 2026 (year to date): -10.32%

Financial growth

Revenue CAGR (8 years): 9.79%

Earnings CAGR (8 years): 10.16%

Growth status: positive trend (>1%/yr) in revenue and earnings.

Debt

Debt-to-equity ratio: 1.11

Debt/equity > 0.5 (maximum threshold).

P/E (Price/Earnings)

P/E ratio: 30.49

P/E > 25.0 (maximum threshold).

Correction (6 months)

Current correction: 12.69% from the high over 6 months.

Correction between 10.0% and 20.0% (target range).

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Criteria of the Investlytic model

- / 5
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Score out of 100, model verdict (buy, watch, sell) and details of the 5 criteria · visible with a free account.

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Price trend

Price & trend

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Detailed analysis · Price trend

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Global model trend and annual price variations · visible with a free account.

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Revenues & profits

Revenue and net income

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Chart of revenues and net income over 8 periods · real data, no estimates.

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Financial indicators

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18 financial indicators analyzed by groups of criteria: valuation, profitability, growth, solidity, dividend, and momentum.

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Annual financial statements

Fiscal yearRevenueNet income Net marginEPSRevenue growth
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Complete annual financial statements: revenue, net income, margin, and EPS over 8 fiscal years.

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Key reported figures

Revenue, net income and net margin reported by Waste Connections, Inc. over the latest fiscal years.

Revenue
9.5 bn USD
fiscal year 2025
Net income
1.1 bn USD
fiscal year 2025
Net margin
11.4 %
fiscal year 2025
Average annual growth
+11.8 %
Revenue growth over 5 years
Average annual growth
+16.2 %
Revenue growth over 10 years
Market cap
47.3 bn USD
Fiscal yearRevenueNet incomeNet marginRevenue growth
20205.4 bn205 m3.8 %n/a
20216.2 bn618 m10.1 %+13.0 %
20227.2 bn836 m11.6 %+17.2 %
20238.0 bn763 m9.5 %+11.2 %
20248.9 bn618 m6.9 %+11.2 %
20259.5 bn1.1 bn11.4 %+6.5 %

Amounts converted to USD. Source: published annual accounts, collected on 09/11/2026.

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Valuation and competitors

Waste Connections, Inc. compared with its sector on the same exchange and with its main competitors.

Company P/E
36.0
38.4 % below the sector
Sector median P/E
58.4
industrials, Toronto Stock Exchange
Sector over 10 years
31.6
10-year median, range 21.2 to 44.9

Trailing 12-month P/E. Sector: median of companies in the same sector listed on the same exchange, collected on 09/11/2026. Competitors: comparable companies named by the data provider.

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Analyst consensus and forecasts

What the financial analysts covering Waste Connections, Inc. publish: ratings, price targets and earnings forecasts.

Majority rating
buy
33 analysts

Breakdown of ratings

strong buy 1buy 26hold 6sell 0strong sell 0

Price targets: published for companies listed in the United States only.

Analyst forecasts

Fiscal yearRevenueNet incomeExpected EPS (range)P/E on this EPSAnalysts
202610.1 bn1.4 bn5.71 (5.52 / 5.82)n/a16
202710.7 bn1.6 bn6.17 (6.01 / 6.50)n/a16
202811.3 bn1.7 bn6.82 (6.28 / 7.42)n/a11

Amounts in USD, the reporting currency.

Track record against expectations: reported EPS above consensus 11 times over the last 12 releases.

Rating changes (12 months)

DateFirmBeforeAfter
27/10/2026UBSBuyBuy
23/10/2026Morgan StanleyOverweightOverweight
23/10/2026Wells FargoOverweightOverweight
23/10/2026BarclaysEqual WeightEqual Weight
23/10/2026TD CowenBuyBuy

Source: ratings and forecasts published by analysts, collected on 07/11/2026. An analyst rating or target is not a guarantee. Company data collected from its WCN listing (same ISIN).

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PEA and practical information

PEA eligibility
no
head office outside the EU and EEA
Listing exchange
Toronto Stock Exchange
IPO: 25/04/2002
ISIN code
CA94106B1013
Workforce
23,854
full-time employees
Chief executive
Ronald J. Mittelstaedt
Next earnings
10/02/2027

Rule applied: the French PEA accepts shares of companies headquartered in the European Union or the European Economic Area and subject to corporate income tax; ADRs and tax-exempt property companies (SIIC) are excluded. The institution holding the PEA confirms eligibility.

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Frequently asked questions about Waste Connections, Inc.

What is the revenue of Waste Connections, Inc.?

9.5 bn USD for fiscal year 2025, with net income of 1.1 bn USD (net margin 11.4 %).

When does Waste Connections, Inc. report its next earnings?

The next release is expected on 10/02/2027. EPS expected by analysts: 1.40.

What do analysts say about Waste Connections, Inc.?

Out of 33 analysts: 27 buy or strong buy, 6 hold, 0 sell or strong sell.

What is the P/E ratio of Waste Connections, Inc.?

Trailing 12-month P/E of 36.0, against 58.4 for the sector median on the same exchange (10-year median: 31.6).

Is Waste Connections, Inc. stock eligible for the French PEA?

No: the company is headquartered outside the European Union and the European Economic Area (ISIN CA94106B1013).

How many employees does Waste Connections, Inc. have?

23,854 full-time employees according to the latest published profile.

Who runs Waste Connections, Inc.?

Ronald J. Mittelstaedt is the company's chief executive.