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Waste Connections, Inc. (WCN)

NYSE Large Cap

Utilities › Refuse Systems

$162.59
Market Cap: $41.6B
Data as of Sep 30, 2025 (TTM)

Price History

Feb 9, 2026 — Apr 4, 2026

Investment Snapshot

  • Trading 188% above Graham Number — above intrinsic value estimate
  • Piotroski F-Score 5/9 — moderate financial health
  • ROE of 13.7% — below-average profitability
  • Revenue growing at 6% annually

Waste Connections, Inc. (WCN) is a Utilities company operating in Refuse Systems, listed on the NYSE , with a market capitalisation of $41.6 billion . Key value metrics: P/E ratio 36.9, P/B ratio 5.04, Piotroski F-Score 5 out of 9 (moderate financial health) .

Value Score

Key Metrics

P/E Ratio
36.92
5.04
EPS
$4.40
Div. Yield
0.8%
PEG Ratio
P/S Ratio
EV/EBITDA
ROE
ROA
Gross Margin
Op. Margin
Net Margin
Debt/Equity
Current Ratio

Current vs 5-Year Average

Based on 5 years of SEC filings
Net Margin
↑ +2.1pp avg —
Gross Margin
↑ +2.1pp avg —
Operating Margin
↑ +2.1pp avg —
Return on Equity
↑ +2.1pp avg —
Debt / Equity
↑ +2.1pp avg —

Revenue & Net Income

EPS & Free Cash Flow Per Share

Financial Statements

Metric FY22 FY23 FY24
Revenue $X.XB $X.XB $X.XB
Gross Profit $X.XB $X.XB $X.XB
Operating Income $X.XB $X.XB $X.XB
Net Income $X.XB $X.XB $X.XB
EBITDA $X.XB $X.XB $X.XB
Total Assets $X.XB $X.XB $X.XB
Total Liabilities $X.XB $X.XB $X.XB
Data sourced from SEC EDGAR and Polygon.io. Methodology. View more Utilities stocks →

Waste Connections, Inc. — Fundamental Analysis Summary

Waste Connections, Inc. (WCN) is currently trading 188% above its Graham Number of $56.53, suggesting the market price exceeds Benjamin Graham's intrinsic value estimate. The stock carries an elevated trailing P/E ratio of 36.9x.

On financial health, WCN shows a moderate Piotroski F-Score of 5/9, and modest return on equity of 13.7% (sector average: 6.7%), and elevated leverage with a debt-to-equity ratio of 1.08.

StockPik's composite Value Score for WCN is 44/100 — reflecting current market or financial concerns. The score is built from ten fundamental signals: P/E, P/B, PEG ratio, P/S ratio, return on equity, gross margin, debt-to-equity, current ratio, dividend yield, and Piotroski F-Score.

WCN reports a solid gross margin of 42.4% (sector average: 42.5%) and a solid operating margin of 18.7%.

WCN shows revenue growing at 6% year-over-year, with earnings growing at 74%.

WCN pays a modest dividend yield of 0.8%.

Top Value Stocks in Utilities

Symbol Price P/E Score
AWX $2.55 3.3 100
SOJF $25.13 5.2 100
SOJE $17.29 3.5 100
SOJC $21.17 4.3 100
SOJD $19.65 4.0 100
How is the Value Score calculated?
Read our full methodology →
How is the Graham Number calculated?
Benjamin Graham's intrinsic value formula, worked examples, and how to use it →
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