Waste Connections Inc.

WCN ·Industrials, Waste Management, Ontario, Canada
Financial Statements Income Statement
Annual Quarterly

Income Statement

Line Item FY2026 FY2025 FY2024 FY2023 FY2022 FY2021 FY2020 FY2019
Revenue $9.47B $8.92B $8.02B $7.21B $6.15B $5.45B $5.39B
Cost of Revenue $5.46B $5.19B $4.74B $4.34B $3.65B $3.28B $3.20B
Gross Profit $4.01B $3.73B $3.28B $2.88B $2.50B $2.17B $2.19B
Gross Margin 42.4% 41.8% 40.9% 39.9% 40.6% 39.8% 40.6%
Operating Expenses
Research & Development
SG&A Expense $959.5M $883.4M $799.1M $696.5M $612.3M $537.6M $546.3M
Operating Income $1.71B $1.07B $1.24B $1.24B $1.04B $412.4M $837.8M
Operating Margin 18.1% 12.0% 15.4% 17.2% 16.9% 7.6% 15.5%
Interest Expense $274.6M $202.3M $162.8M $162.4M $147.4M
Pretax Income $1.42B $762.9M $983.5M $1.05B $770.7M $253.9M $705.9M
Income Tax Expense $341.4M $146.4M $220.7M $213.0M $152.3M $49.9M $139.2M
Net Income $1.08B $617.6M $762.8M $835.7M $618.0M $204.7M $566.8M
Net Margin 11.4% 6.9% 9.5% 11.6% 10.0% 3.8% 10.5%
EPS (Basic) $4.18 $2.39 $2.96 $3.25 $2.37 $0.78 $2.15
EPS (Diluted) $4.17 $2.39 $2.95 $3.24 $2.36 $0.78 $2.14
Shares Outstanding (Basic) 255.7M 257.3M 258.0M 257.6M 257.4M 261.2M 263.2M 263.8M
Shares Outstanding (Diluted) 255.7M 258.0M 258.7M 258.1M 258.0M 261.7M 263.7M 264.5M
Dividends Per Share $1.30 $1.17 $1.05 $0.95 $0.85 $0.76 $0.67
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