Waste Connections (WCN US)
WCN US$181.97
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Performance
Advanced charting functionality with the ability to amend timeframes, chart type & indicator selection, powered by TradingView.
Share price activity
Displays share price activity. Volume = number of shares traded, Turnover = value of shares traded, VWAP = volume-weighted average price for the day, sourced from Morningstar.
- Last (Price)
- 181.97
- Change
- ▲ 2.21 (1.23)
- Bid / Ask
- 181.93 - 181.97
- Volume
- 415,880
- Turnover
- 61,435,736
- Open
- 182.05
- Day Range
- 179.04 - 182.05
- VWAP
- 181.54
- Prev Close
- 179.76
- Last Trade
- 29/10 4:10pm
Key information
Displays key information on the security, sourced from Morningstar.
- Sector
- Industrials
- Shares Issued
- 250,534,572
- NTA/Share
- -8.42
- Last Dividend
- 0.35
- Dividend Ex Date
- 6 AUG 2026
- Dividend Pay Date
- 20 AUG 2026
Current (USD) · FY2025
Displays key financial data for the most recent fiscal year, in millions. Note - Per share data is in local currency terms irrespective of reporting currency, and may be different to the stated currency, sourced from Morningstar.
- Revenue
- 9,466.92
- EBITDA
- 2,972.43
- Profit
- 1,076.56
- Earnings Per Share (EPS)
- 4.17
- Dividend Per Share (DPS)
- 1.30
- Yield %
- 0.78
- Market Cap
- 45,537.56
- Price to Earnings Ratio (P/E)
- 40.80
Estimates (USD) · FY2027
Displays consensus analyst’s estimates for key measures for the next fiscal year, sourced from Morningstar.
- Revenue
- 10,739.75
- EBITDA
- 3,657.33
- Profit
- 1,555.02
- Earnings Per Share (EPS)
- 6.23
- Dividend Per Share (DPS)
- 1.55
Quantitative rating
Displays Morningstar’s Quantitative Equity Research Rating for the security: a star rating from 1 (overvalued) to 5 (undervalued) from the share price against a fair value estimated by a statistical model of Morningstar’s analyst ratings, with the model’s economic moat, financial health and fair value uncertainty, sourced from Morningstar.
Fairly valued
- Economic Moat
- Wide
- Financial Health
- Moderate
- Uncertainty
- Low
Morningstar Quantitative Rating as of 28 OCT 2026.
Quantitative Equity Rating Methodology – view here
Fair value estimate
Displays Morningstar’s quantitative fair value estimate for the security against the current share price, with the band around it: the five-star price below which the model would rate the stock five stars and the one-star price above which it would rate it one star, sourced from Morningstar.
Five-star price 168.37 Fair value 182.47 One-star price 197.75
Morningstar Quantitative Rating as of 28 OCT 2026.
Quantitative valuation
Displays where the share price sits in Morningstar’s quantitative fair value band, from the five-star price (undervalued) to the one-star price (overvalued), with the fair value estimate, the price to fair value ratio, the model’s valuation label and its uncertainty rating, sourced from Morningstar.
Buy
Sell
- Fair Value
- 182.47
- Price / Fair Value
- 0.99
- Valuation
- Fairly valued
- Uncertainty
- Low
Morningstar Quantitative Rating as of 28 OCT 2026. The slider runs from the five-star price (168.37) to the one-star price (197.75).
Displays useful ratios for the security, NB the pricing date used, sourced from Morningstar.
| Ratios |
|---|
| Currency (Price/reporting): USD/USD |
| Exchange Rate: 1.0000 |
Price, volume and trading statistics for the security, sourced from Morningstar.
| Price - closing or last bid | 179.76 |
| Price - 12 month high | 187.25 |
| Price - 12 month low | 147.11 |
| Pricing date | 27 OCT 2026 |
| Volume - avg. trading volume for the last ten days | 2.56 |
| Market capitalization | 44,984.51 |
| 12 Month High price date | 26 OCT 2026 |
| 12 Month Low price date | 2 JUN 2026 |
| Volume - avg. trading volume for the last 3 months | 1.49 |
| Price - 1 Day % Change | -1.21% |
| Price - 13 week price percent change | 6.23% |
| Price - 26 week price percent change | 9.92% |
| Price - 5 Day % Change | 6.82% |
| Price - 52 week price percent change | 3.23% |
| Price - YTD price percent change | 0.90% |
| Price % Change Month To Date | 15.11% |
Earnings, dividends, cash flow and book value per share, sourced from Morningstar.
| EPS excluding extraordinary items - most recent fiscal year | 4.170 |
| EPS excluding extraordinary items - trailing 12 month | 4.460 |
| EPS Normalized - most recent fiscal year | 5.150 |
| Revenue/share - most recent fiscal year | 36.697 |
| Revenue/share - trailing 12 month | 39.070 |
| Book value per share - most recent fiscal year | 32.257 |
| Book value per share - most recent quarter | 31.505 |
| Book value (tangible) per share - most recent fiscal year | -8.423 |
| Book value (tangible) per share - most recent quarter | -9.980 |
| Cash per share - most recent fiscal year | 0.180 |
| Cash per share - most recent quarter | 0.382 |
| Cash Flow per share - most recent fiscal year | 10.382 |
| Cash Flow per share - trailing 12 month | 11.066 |
| Dividend per share - most recent fiscal year | 1.295 |
| Dividends per share - trailing 12 month | 1.400 |
| EBITD per share - trailing 12 month | 12.209 |
| EPS Basic excluding extraordinary items - most recent fiscal year | 4.180 |
| EPS Basic excluding extraordinary items - trailing 12 month | 4.460 |
| EPS including extraordinary items - most recent fiscal year | 4.180 |
| EPS including extraordinary items - trailing 12 month | 4.460 |
| Free Cash Flow per share - trailing 12 month | 5.764 |
Valuation multiples such as P/E, price to sales, price to book and enterprise value ratios, sourced from Morningstar.
| P/E excluding extraordinary items, most recent fiscal year | 40.30 |
| P/E Normalized, most recent fiscal year | 32.04 |
| Price to sales - most recent fiscal year | 4.60 |
| Price to Tangible Book - most fiscal year | — |
| Price to Free Cash Flow per Share - most recent fiscal year | 31.19 |
| Price to Cash Flow per share - trailing 12 month | 16.24 |
| Price to Book - most recent fiscal year | 5.71 |
| P/E excluding extraordinary items high, trailing 12 months | 74.39 |
| P/E excluding extraordinary items low, trailing 12 months | 36.35 |
| Net Debt, LFI | 9,662.33 |
| Net Debt, LFY | 9,085.08 |
| Dividend Yield - 5 Year Average | 0.70% |
| Dividend Yield - indicated annual dividend divided by closing price | 0.77% |
| Current Dividend Yield - Common Stock Primary Issue, LTM | 0.78% |
Cash flow, liquidity and leverage measures, sourced from Morningstar.
| Free Cash Flow - most recent fiscal year | 1,483.87 |
| LT debt/equity - most recent fiscal year | 110.10% |
| Payout ratio - most recent fiscal year | 31.06% |
| Total debt/total equity - most recent fiscal year | 110.74% |
| LT debt/equity - most recent quarter | 123.06% |
| Total debt/total equity - most recent quarter | 123.77% |
| Free Cash Flow - trailing 12 month | 1,466.94 |
| Payout ratio - trailing 12 month | 31.39% |
Key income statement lines for the most recent fiscal year, in millions, sourced from Morningstar.
| Revenue - most recent fiscal year | 9,466.92 |
| Revenue - trailing 12 month | 9,943.63 |
| EBITD - most recent fiscal year | 2,972.43 |
| EBITD - trailing 12 month | 3,107.21 |
| Earnings before taxes - most recent fiscal year | 1,417.92 |
| Earnings before taxes - trailing 12 month | 1,459.42 |
| Net Income available to common - most recent fiscal year | 1,076.56 |
| Net Income available to common - trailing 12 months | 1,133.47 |
| Earnings before taxes Normalized - most recent fiscal year | 1,720.63 |
| Net Income Available to Common, Normalized - most recent fiscal year | 1,328.33 |
| Earnings per Share, Normalized, Excluding Extraordinary Items, Avg. Diluted Shares Outstanding, TTM | 5.61 |
Profitability margins for the most recent fiscal year, sourced from Morningstar.
| Net Profit Margin % - 1st historical fiscal year | 11.37% |
| Net Profit Margin % - trailing 12 month | 11.40% |
| Operating margin - 1st historical fiscal year | 19.22% |
| Operating margin - trailing 12 month | 19.54% |
| Pretax margin - trailing 12 month | 14.68% |
| Pretax margin - 1st historical fiscal year | 14.98% |
| Operating Margin - 5 year average | 18.27% |
| Pretax Margin - 5 year average | 12.57% |
| Free Operating Cash Flow/Revenue, 5 Year Average | 15.07% |
| Free Operating Cash Flow/Revenue, TTM | 14.75% |
| Net Profit Margin - 5 year average | 9.89% |
Returns on average assets and equity for the fiscal year, the trailing 12 months and as 5 year averages, and net income and revenue per employee in whole currency, sourced from Morningstar.
| Return on average assets - most recent fiscal year | 5.24% |
| Return on average assets - trailing 12 month | 5.35% |
| Return on average equity - most recent fiscal year | 13.27% |
| Return on average equity - trailing 12 month | 14.10% |
| Return on average assets - 5 year average | 4.55% |
| Return on average equity - 5 year average | 10.80% |
| Net Income/employee - most recent fiscal year | 44,460.11 |
| Revenue/employee - most recent fiscal year | 390,968.65 |
Growth in revenue, earnings, dividends and book value over recent periods, sourced from Morningstar.
| Revenue growth rate, 5 year | 11.69% |
| EPS growth rate, 5 year | 39.83% |
| Growth rate% - dividend, 3 year | 11.07% |
| Revenue/share (5 yr growth) | 12.18% |
| Growth rate% - Revenue, 3 year | 9.49% |
| Growth rate% - EPS, 3 year | 8.78% |
| Book value per share growth rate, 5 year | 4.33% |
| Capital Spending growth rate, 5 year | 12.44% |
| Earnings Before Interest, Taxes, Depreciation & Amortization, 5 Year CAGR | 20.64% |
Displays analyst’s forecasts for key measures. The estimates can be expanded to see the spread of the calls. Full lines = reported, and dotted lines are forward estimates. Click a measure to add or remove it from the chart, sourced from Morningstar.
Financial forecast (USD, millions except per share)
| Actuals | Estimates | |||||||
| 2025 | 2026 | 2027 | 2028 | 2029 | ||||
| Estimate breakdown | ||||||||
Financial metrics can be plotted on the graph to see trends. Multiple metrics from multiple statements can be plotted against each other, sourced from Morningstar.
Financials (USD, millions)
| Period end: | DEC 21 | DEC 22 | DEC 23 | DEC 24 | DEC 25 |
| Fiscal year: | 2021 | 2022 | 2023 | 2024 | 2025 |
| Period length: | 12 months | 12 months | 12 months | 12 months | 12 months |
Displays all company announcements released by the company to the exchange, sourced from Morningstar.
Announcements
Announcements are available for ASX-listed companies only.
Opinion
No opinions for this company yet.
Action
No actions for this company yet.
Business Summary
Waste Connections is a North American waste management company focused on integrated waste collection services. The firm primarily focuses on residential, commercial, municipal, and industrial waste collection, with a secondary market focus on rural areas. With 113 landfills and 222 transfer stations as of 2024, it is the third-largest waste management company by revenue. Revenue is split among six operating segments: Western, Southern, Eastern, Central, Canada, and Midsouth
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