WCN Q4 2025 Earnings — Waste Connections, Inc. Revenue & Financial Results | Market Cap Arena

WCNWaste Connections, Inc.

$42B

Q4 2025 Earnings

Industrials Waste Management

Income Statement

Revenue

$2.4B+6.6% YoY

Gross Profit

$701M29.1% margin

Operating Income

$433M18.0% margin

Net Income

$262M10.9% margin

EPS (Diluted)

$1.02

QoQ Revenue Growth

-2.0%

Cash Flow

Operating Cash Flow

$557M

Free Cash Flow

$157M

Stock-Based Comp.

$19M

Balance Sheet

Total Assets

$21.2B

Total Liabilities

$13.0B

Stockholders' Equity

$8.2B

Cash & Equivalents

$46M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$2.4B	$2.3B	+6.6%
Gross Profit	$701M	$936M	-25.1%
Operating Income	$433M	-$199M	+317.5%
Net Income	$262M	-$196M	+233.9%

Revenue Segments

Solid Waste Collection

$1.7B63%

Landfill

$386M14%

Transfer

$371M14%

Exploration And Production Waste Treatment Recovery And Disposal

$171M6%

Solid Waste Recycling

$51M2%

Intermodal and Other

$42M2%

Geographic Segments

Southern

$553M23%

Western

$530M22%

Eastern

$503M21%

Central

$451M19%

Canada

$364M15%