Waste Connections (WCN) | Financial Analysis & Statements
Financial Overview
Latest Annual: 2024Income Metrics
Revenue
8.9B
Gross Profit
3.7B
41.79%
Operating Income
1.7B
18.84%
Net Income
616.6M
6.91%
EPS (Diluted)
$2.39
Balance Sheet Metrics
Total Assets
19.8B
Total Liabilities
12.0B
Shareholders Equity
7.9B
Debt to Equity
1.52
Cash Flow Metrics
Operating Cash Flow
2.0B
Free Cash Flow
1.2B
Revenue & Profitability Trend
Waste Connections Income Statement From 2020 to 2024
| Metric | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Revenue | 8.9B | 8.0B | 7.2B | 6.2B | 5.4B |
| Cost of Goods Sold | 5.2B | 4.7B | 4.3B | 3.7B | 3.3B |
| Gross Profit | 3.7B | 3.3B | 2.9B | 2.5B | 2.2B |
| Operating Expenses | 883.4M | 799.1M | 696.5M | 612.3M | 537.6M |
| Operating Income | 1.7B | 1.5B | 1.3B | 1.1B | 879.1M |
| Pre-tax Income | 762.9M | 983.5M | 1.0B | 770.7M | 253.9M |
| Income Tax | 146.4M | 220.7M | 213.0M | 152.3M | 49.9M |
| Net Income | 616.6M | 762.8M | 836.0M | 618.5M | 204.0M |
| EPS (Diluted) | $2.39 | $2.95 | $3.24 | $2.36 | $0.78 |
Income Statement Trend
Waste Connections Balance Sheet From 2020 to 2024
| Metric | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Assets | |||||
| Current Assets | 1.2B | 1.1B | 1.1B | 1.0B | 1.4B |
| Non-Current Assets | 18.6B | 16.8B | 16.0B | 13.7B | 12.6B |
| Total Assets | 19.8B | 17.9B | 17.1B | 14.7B | 14.0B |
| Liabilities | |||||
| Current Liabilities | 1.9B | 1.7B | 1.5B | 1.2B | 1.0B |
| Non-Current Liabilities | 10.1B | 8.5B | 8.5B | 6.5B | 6.1B |
| Total Liabilities | 12.0B | 10.2B | 10.0B | 7.7B | 7.1B |
| Equity | |||||
| Total Shareholders Equity | 7.9B | 7.7B | 7.1B | 7.0B | 6.9B |
Balance Sheet Composition
Waste Connections Cash Flow Statement From 2020 to 2024
| Metric | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Operating Activities | |||||
| Net Income | 616.6M | 762.8M | 836.0M | 618.5M | 204.0M |
| Operating Cash Flow | 2.0B | 2.0B | 2.0B | 1.5B | 876.5M |
| Investing Activities | |||||
| Capital Expenditures | - | - | - | - | - |
| Investing Cash Flow | -2.1B | -647.1M | -2.2B | -949.2M | -381.5M |
| Financing Activities | |||||
| Dividends Paid | -302.3M | -270.6M | -243.0M | -220.2M | -199.9M |
| Financing Cash Flow | 940.5M | -549.1M | 1.0B | -501.1M | -77.1M |
| Free Cash Flow | 1.2B | 1.2B | 1.1B | 953.9M | 744.0M |
Cash Flow Trend
Waste Connections Key Financial Ratios
Valuation Ratios
P/E Ratio (TTM)
77.43
Forward P/E
34.72
Price to Book
6.06
Price to Sales
5.36
PEG Ratio
34.72
Profitability Ratios
Profit Margin
6.93%
Operating Margin
18.31%
Return on Equity
7.96%
Return on Assets
4.00%
Financial Health
Current Ratio
0.70
Debt to Equity
108.77
Beta
0.62
Per Share Data
EPS (TTM)
$2.43
Book Value per Share
$31.02
Revenue per Share
$35.17
Peer Financial Comparison
| Company | Market Cap | P/E Ratio | P/B Ratio | ROE | Profit Margin | Debt/Equity |
|---|---|---|---|---|---|---|
| wcn | 48.6B | 77.43 | 6.06 | 7.96% | 6.93% | 108.77 |
| Waste Management | 94.4B | 35.32 | 10.91 | 34.01% | 11.67% | 275.54 |
| Republic Services | 78.3B | 37.81 | 6.71 | 18.55% | 12.88% | 115.99 |
| GFL Environmental | 18.4B | 347.30 | 2.28 | -9.64% | 35.79% | 90.27 |
| Clean Harbors | 12.3B | 31.90 | 4.80 | 16.02% | 6.58% | 125.04 |
| Casella Waste | 7.5B | 535.59 | 4.83 | 1.00% | 0.79% | 79.27 |
Financial data is updated regularly. All figures are in the company's reporting currency.