WCN Q2 2025 Earnings — Waste Connections, Inc. Revenue & Financial Results | Market Cap Arena

WCNWaste Connections, Inc.

$42B

Q2 2025 Earnings

Industrials Waste Management

Income Statement

Revenue

$2.4B+7.1% YoY

Gross Profit

$1.0B42.1% margin

Operating Income

$460M19.1% margin

Net Income

$290M12.1% margin

EPS (Diluted)

$1.12

QoQ Revenue Growth

+8.0%

Cash Flow

Operating Cash Flow

$638M

Free Cash Flow

$353M

Stock-Based Comp.

$19M

Balance Sheet

Total Assets

$20.7B

Total Liabilities

$12.3B

Stockholders' Equity

$8.4B

Cash & Equivalents

$110M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$2.4B	$2.2B	+7.1%
Gross Profit	$1.0B	$947M	+7.1%
Operating Income	$460M	$425M	+8.2%
Net Income	$290M	$275M	+5.4%

Revenue Segments

Solid Waste Collection

$1.7B61%

Landfill

$402M15%

Transfer

$382M14%

Exploration And Production Waste Treatment Recovery And Disposal

$178M6%

Solid Waste Recycling

$69M3%

Intermodal and Other

$44M2%

Geographic Segments

Southern

$539M22%

Eastern

$533M22%

Western

$529M22%

Central

$452M19%

Canada

$379M16%