Waste Connections, Inc.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $9.47B | $8.92B | $8.02B | $7.21B | $6.15B | $5.45B | $5.39B | $4.92B |
| Cost of Revenue | $5.46B | $5.19B | $4.74B | $4.34B | $3.65B | $3.28B | $3.20B | $2.87B |
| Gross Profit | $4.01B | $3.73B | $3.28B | $2.88B | $2.50B | $2.17B | $2.19B | $2.06B |
| Gross Margin | 42.4% | 41.8% | 40.9% | 39.9% | 40.6% | 39.8% | 40.6% | 41.8% |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | $959.5M | $883.4M | $799.1M | $696.5M | $612.3M | $537.6M | $546.3M | $524.4M |
| Operating Income | $1.71B | $1.07B | $1.24B | $1.24B | $1.04B | $412.4M | $837.8M | $832.2M |
| Operating Margin | 18.1% | 12.0% | 15.4% | 17.2% | 16.9% | 7.6% | 15.5% | 16.9% |
| Interest Expense | — | — | $274.6M | $202.3M | $162.8M | $162.4M | $147.4M | $132.1M |
| Pretax Income | $1.42B | $762.9M | $983.5M | $1.05B | $770.7M | $253.9M | $705.9M | $707.1M |
| Income Tax Expense | $341.4M | $146.4M | $220.7M | $213.0M | $152.3M | $49.9M | $139.2M | $160.0M |
| Net Income | $1.08B | $617.6M | $762.8M | $835.7M | $618.0M | $204.7M | $566.8M | $546.9M |
| Net Margin | 11.4% | 6.9% | 9.5% | 11.6% | 10.0% | 3.8% | 10.5% | 11.1% |
| EPS (Basic) | $4.18 | $2.39 | $2.96 | $3.25 | $2.37 | $0.78 | $2.15 | $2.07 |
| EPS (Diluted) | $4.17 | $2.39 | $2.95 | $3.24 | $2.36 | $0.78 | $2.14 | $2.07 |
| Shares Outstanding (Basic) | 257.3M | 258.0M | 257.6M | 257.4M | 261.2M | 263.2M | 263.8M | 263.7M |
| Shares Outstanding (Diluted) | 258.0M | 258.7M | 258.1M | 258.0M | 261.7M | 263.7M | 264.5M | 264.4M |
| Dividends Per Share | $1.30 | $1.17 | $1.05 | $0.95 | $0.85 | $0.76 | $0.67 | $0.58 |