Waste Connections, Inc. · Refuse Systems

WCN

Low riskNext report: Around Feb 10, 2027 (est.)

View price ↗

The short version

A profitable company with steady sales.

Going well

Profitable every year for 10 years
Brings in more cash than it spends
Raised its dividend (0.7% yield)

Money moves

No insider buying or selling in the last 30 days
Institutions added 1.4% to their holdings in the quarter ending June 2026 (403 bought, 379 sold)
Held by Ray Dalio (Bridgewater)

Facts from SEC filings, not a recommendation.

What the price means

Price as of Oct 26

$186.63+0.1% that day

Company value: $46.7B; Share price times all shares
Price vs profit (P/E): 41.8x; You pay about $42 for each $1 of yearly profit
Price vs sales: 4.7x; Company value is 4.7 times a year of sales
Dividend yield: 0.7%; Yearly dividend as a share of today's price
Cash vs value: 0%; Cash as a share of company value
Debt vs value: 19%; Debt as a share of company value

From WCN's last IEX trade and its SEC filings (profits and sales over the last four quarters). A starting point for research, not a verdict.

The business over time

Last 12 quarters, from SEC filings

Sales, Sep '26

$2.6B+7.3% vs a year earlier

Dec '23Tap a barSep '26

Last 12 months: $9.9B, up 6.3% from the 12 months before. Over 5 years, sales grew about 12% a year.

What the price assumes

Your guesses, our math

Move the sliders to your own view of WCN. Starting points are the company's recent numbers.

Sales growth+6% a yearRecently: +6.3% a yearProfit margin11%Last 12 months: 10.8%P/E at the end40xToday: 41.8x. Many steady companies trade at 12x to 25xShare count change0% a yearBelow zero means buybacks; above zero means new shares (dilution)

Sales in 5 years$13.3B

Profit in 5 years$1.5B

Price these guesses point to$234.04+25% vs $186.63 todayAbout +4.6% a year, before dividends

What today's price needs: with a 11% margin and a 40x P/E, sales would have to grow about 1.3% a year for 5 years just to match today's price.

Simple math on your guesses, not a forecast or a price target. Real results depend on many things these sliders leave out.

Price

Price chart by TradingView.

Business quality

The checklist Warren Buffett-style investors use. Annual numbers for 2025.

4/6Mixed

MissReturn on equity 15%+Earns a lot on the money owners have in the business.13.4%
MissDebt under half of equityNot relying on borrowed money.1.07x equity
PassNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.11.4%
PassProfitable every yearSteady profits, not one good year.10 of 10 years
PassFree cash flow positiveBrings in more cash than it spends to run and grow.$1.2B
PassShare count not growingNot diluting owners. Falling means buybacks.0.0% in 3 years

Revenue: $9.5B; +6.1% vs prior year
5-year growth: +11.7%/yr; revenue, per year
Total debt: $8.8B; 1.07x equity
Current ratio: 0.62x; short-term assets / bills due

From annual reports filed with the SEC. Not in this company's SEC data, so not scored: gross margin 40%+. A checklist is a starting point for research, not a verdict.