WCN Q3 2025 Earnings — Waste Connections, Inc. Revenue & Financial Results | Market Cap Arena

WCNWaste Connections, Inc.

$42B

Q3 2025 Earnings

Industrials Waste Management

Income Statement

Revenue

$2.5B+5.1% YoY

Gross Profit

$1.1B42.8% margin

Operating Income

$440M17.9% margin

Net Income

$286M11.6% margin

EPS (Diluted)

$1.11

QoQ Revenue Growth

+2.1%

Cash Flow

Operating Cash Flow

$677M

Free Cash Flow

$1.2B

Stock-Based Comp.

$18M

Balance Sheet

Total Assets

$20.8B

Total Liabilities

$12.7B

Stockholders' Equity

$8.1B

Cash & Equivalents

$118M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$2.5B	$2.3B	+5.1%
Gross Profit	$1.1B	$994M	+5.7%
Operating Income	$440M	$475M	-7.5%
Net Income	$286M	$308M	-7.1%

Revenue Segments

Solid Waste Collection

$1.7B61%

Landfill

$415M15%

Transfer

$390M14%

Exploration And Production Waste Treatment Recovery And Disposal

$189M7%

Solid Waste Recycling

$58M2%

Intermodal and Other

$43M2%

Geographic Segments

Western

$553M22%

Southern

$547M22%

Eastern

$532M21%

Central

$465M19%

Canada

$387M16%