FN2 Earnings Intelligence
Waste Connections, Inc. cash flow
Waste Connections, Inc. (WCN) Cash Flow (annual) derived from persisted SEC financial facts.
Key Stats
USD in millions, except per-share values and percentages.
| Metric | 12/31/2021 | 12/31/2022 | 12/31/2023 | 12/31/2024 | 12/31/2025 |
|---|---|---|---|---|---|
| Market Cap | - | - | - | - | - |
| - Cash | $147.4 | $78.6 | $78.4 | $62.4 | $46 |
| + Debt | - | - | - | - | - |
| Enterprise Value | - | - | - | - | - |
| Revenue | $6,151.4 | $7,211.9 | $8,022 | $8,919.6 | $9,466.9 |
| % Growth | 13.0% | 17.2% | 11.2% | 11.2% | 6.1% |
| Gross Profit | $2,497.3 | $2,875.8 | $3,277.4 | $3,727.9 | $4,011.5 |
| % Margin | 40.6% | 39.9% | 40.9% | 41.8% | 42.4% |
| EBITDA | $1,852.6 | $2,161.2 | $2,239.5 | $2,231.4 | $2,942.3 |
| % Margin | 30.1% | 30.0% | 27.9% | 25.0% | 31.1% |
| Net Income | $618 | $835.7 | $762.8 | $617.6 | $1,076.6 |
| % Margin | 10.0% | 11.6% | 9.5% | 6.9% | 11.4% |
| Diluted EPS | $2.36 | $3.24 | $2.95 | $2.39 | $4.17 |
| % Growth | 202.6% | 37.3% | -9.0% | -19.0% | 74.5% |
| Operating Cash Flow | $1,698.2 | $2,022.5 | $2,126.8 | $2,228.9 | $2,414.1 |
| CapEx | $744.3 | $912.7 | $934 | $1,056 | $1,179.2 |
| Free Cash Flow | $953.9 | $1,109.8 | $1,192.8 | $1,172.9 | $1,234.8 |
Historical market capitalization is not persisted, so Market Cap and Enterprise Value remain unavailable rather than mixing today's market value into prior periods.
Income Statement
USD in millions, except per-share values and percentages.
| Metric | 12/31/2021 | 12/31/2022 | 12/31/2023 | 12/31/2024 | 12/31/2025 |
|---|---|---|---|---|---|
| Revenue | $6,151.4 | $7,211.9 | $8,022 | $8,919.6 | $9,466.9 |
| Gross Profit | $2,497.3 | $2,875.8 | $3,277.4 | $3,727.9 | $4,011.5 |
| EBITDA | $1,852.6 | $2,161.2 | $2,239.5 | $2,231.4 | $2,942.3 |
| Net Income | $618 | $835.7 | $762.8 | $617.6 | $1,076.6 |
| Diluted EPS | $2.36 | $3.24 | $2.95 | $2.39 | $4.17 |
Balance Sheet
USD in millions, except per-share values and percentages.
| Metric | 12/31/2021 | 12/31/2022 | 12/31/2023 | 12/31/2024 | 12/31/2025 |
|---|---|---|---|---|---|
| Cash & Equivalents | $147.4 | $78.6 | $78.4 | $62.4 | $46 |
| Short-term Debt | - | - | - | - | - |
| Long-term Debt | $5,040.5 | $6,890.1 | $850 | $2,164.3 | $2,381.6 |
| Total Debt | - | - | - | - | - |
Cash Flow
USD in millions, except per-share values and percentages.
| Metric | 12/31/2021 | 12/31/2022 | 12/31/2023 | 12/31/2024 | 12/31/2025 |
|---|---|---|---|---|---|
| Operating Cash Flow | $1,698.2 | $2,022.5 | $2,126.8 | $2,228.9 | $2,414.1 |
| Capital Expenditure | $744.3 | $912.7 | $934 | $1,056 | $1,179.2 |
| Free Cash Flow | $953.9 | $1,109.8 | $1,192.8 | $1,172.9 | $1,234.8 |
Ratios
USD in millions, except per-share values and percentages.
| Metric | 12/31/2021 | 12/31/2022 | 12/31/2023 | 12/31/2024 | 12/31/2025 |
|---|---|---|---|---|---|
| Revenue Growth | 13.0% | 17.2% | 11.2% | 11.2% | 6.1% |
| Gross Margin | 40.6% | 39.9% | 40.9% | 41.8% | 42.4% |
| EBITDA Margin | 30.1% | 30.0% | 27.9% | 25.0% | 31.1% |
| Net Margin | 10.0% | 11.6% | 9.5% | 6.9% | 11.4% |
| FCF Margin | 15.5% | 15.4% | 14.9% | 13.2% | 13.0% |
| Diluted EPS Growth | 202.6% | 37.3% | -9.0% | -19.0% | 74.5% |
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