Waste Connections, Inc.(WCN)— Stock Profile, AI Score & Financials
Utilities · NYSE · AI-powered stock analysis, 32-signal quality score, SEC EDGAR financials, and institutional holdings. Updated .
Waste Connections, Inc. (WCN) stock profile, AI quality score, and SEC EDGAR financial data, a Utilities sector company. 13F Pro's AI-powered ranking engine scores WCN at 66.7/100 on a 32-signal composite quality model, placing it at rank #404 of 2,961 stocks — the top 25% of the AI-ranked universe. Based on the latest XBRL financial filings (Q2 2026), Waste Connections, Inc. reports quarterly revenue of $2.6B, net income of $296.4M, an operating margin of 17.1%. Top institutional holders of WCN by reported 13-F value include VANGUARD CAPITAL MANAGEMENT, ROYAL BANK OF CANADA, VANGUARD PORTFOLIO MANAGEMENT, based on the most recent SEC filings. WCN trades on the NYSE exchange and files with the SEC under CIK 1318220. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate WCN daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for Waste Connections, Inc. directly from SEC EDGAR.
AI Quality Score
66.7/100
AI Rank
#404
Revenue
$2.6B
Net Income
$296.4M
Free Cash Flow
$430.9M
Operating Margin
17.1%
WCN key financials by period
Waste Connections, Inc. reported revenue, net income and margins by fiscal period, from SEC filings.
Period
Form
Revenue
Net income
Operating margin
FY 2025
10-K
$9.5B
$1.1B
18.1%
FY 2024
10-K
$8.9B
$617.6M
12.0%
FY 2023
10-K
$8.0B
$762.8M
15.4%
FY 2022
10-K
$7.2B
$835.7M
17.2%
FY 2021
10-K
$6.2B
$618.0M
16.9%
FY 2020
10-K
$5.4B
$204.7M
7.6%
Institutions holding WCN
Institutional investors reporting a position in Waste Connections, Inc. on SEC Form 13F.
AI-extracted from the 10-Q filed 2026-07-23 — Q2 FY2026 (quarter ended June 30, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.
Q2 revenue rose 6.4% YoY to $2.56B driven by 6.1% price increases, but operating income fell 4.8% due to $55M in landfill closure liability adjustments.
Biggest Revenue Drivers
Solid Waste Collection$1.78B+5.9% YoY
Core price increases of 6.1% and acquisitions, partially offset by volume losses in roll-off and commercial services.
Landfill$252M+3.1% YoY
Higher disposal volumes and tipping fees, partially offset by lower waste volumes from volume declines.
Biggest Revenue Drivers
Total revenue: $2.56B+6.4% YoY
Solid Waste Collection$1.78B+5.9% YoY
Core price increases of 6.1% and acquisitions, partially offset by volume losses in roll-off and commercial services.
Landfill$252M+3.1% YoY
Higher disposal volumes and tipping fees, partially offset by lower waste volumes from volume declines.
Transfer$212M+7.6% YoY
Price increases partially offset by lower volumes from reduced collection activity.
E&P Waste$201M+18.3% YoY
Higher crude oil and natural gas prices, increased disposal capacity, resumed operations, and production increases.
Largest Expense Items
Cost of operations$1.48B+6.2% YoY
Higher fuel costs (+$19.3M), increased labor (+$10.6M), and higher trucking costs (+$12.3M), partially offset by lower risk management expenses.
Depreciation$278M+8.1% YoY
Fleet and equipment additions to support operations, plus acquisition-related depreciation.
Impairments and other operating items$58.5M loss+$54.5M YoY
Adjustments to closure and post-closure liabilities (+$55.8M) and losses on asset disposals (+$3.6M).
Margins: Operating margin declined 200 basis points YoY to 17.1%, driven by $55.8M in landfill closure and post-closure liability adjustments (2.2 percentage point impact) and higher depreciation. Gross margin improved slightly as price-led revenue growth offset higher fuel and labor costs.
Watch Items from the Filing
Jefferson Parish Landfill: Crossman mass action of 6,211 plaintiffs as of May 2026 over odors; causation preclusion ruling granted May 27, 2026; settlement amounts not yet estimated.
Volume declines: Roll-off and commercial collection volumes down in Eastern, Southern, and Canada segments; residential volumes also pressured despite price increases.
Net debt at $9.36B with revolving facility at $2.27B drawn; issued $600M 4.80% Senior Notes in March 2026; leverage elevated but refinancing capacity intact under shelf registration.
AI-extracted and verified against SEC EDGAR filing text. Not investment advice.
