WCN Q1 2025 Earnings — Waste Connections, Inc. Revenue & Financial Results | Market Cap Arena

WCNWaste Connections, Inc.

$42B

Q1 2025 Earnings

Industrials Waste Management

Income Statement

Revenue

$2.2B+7.5% YoY

Gross Profit

$937M42.0% margin

Operating Income

$390M17.5% margin

Net Income

$242M10.8% margin

EPS (Diluted)

$0.93

QoQ Revenue Growth

-1.4%

Cash Flow

Operating Cash Flow

$542M

Free Cash Flow

$329M

Stock-Based Comp.

$23M

Balance Sheet

Total Assets

$20.3B

Total Liabilities

$12.2B

Stockholders' Equity

$8.0B

Cash & Equivalents

$111M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$2.2B	$2.1B	+7.5%
Gross Profit	$937M	$851M	+10.1%
Operating Income	$390M	$367M	+6.4%
Net Income	$242M	$230M	+5.0%

Revenue Segments

Solid Waste Collection

$1.6B64%

Landfill

$339M13%

Transfer

$319M13%

Exploration And Production Waste Treatment Recovery And Disposal

$151M6%

Solid Waste Recycling

$61M2%

Intermodal and Other

$47M2%

Geographic Segments

Southern

$508M23%

Western

$500M22%

Eastern

$481M21%

Central

$415M19%

Canada

$333M15%