Stock AnalizWaste Connections, Inc. WCN
Environmental Services · data as of November 13, 2026
Waste Connections, Inc. (WCN) is a utility company listed in the US with a market value of about $48.5B. In the twelve months to September 30, 2026 it had revenue of $9.9B and net income of $1.1B, a net margin of 11.4%.
Its overall Stock Analiz score is 2.2 out of 5 (weak). The strongest part is shareholder returns (4/5); the weakest is value (1/5).
Key numbers: a P/E of 43.6, a price to free cash flow of 41.2, 5-year revenue growth of 12% a year, a 5-year average ROIC of 7%. A discounted cash flow model with moderate assumptions puts its intrinsic value about 50% below the current price.
Score: 2.2 / 5
Checks passed
- PEG below 1.5
- Profit margin improving
- 5-year EPS growth above 10% a year
- 5-year revenue growth above 8% a year
- Profitable 5 years in a row
- Positive free cash flow
- Interest covered more than 5 times
- Pays a dividend
Checks not passed
- P/E below 25
- P/E below the industry median
- P/FCF below 20
- Price below intrinsic value (DCF, moderate assumptions)
- Revenue growth above 10% last year
- 3-year revenue growth above 10% a year
- 3-year free cash flow growth above 10% a year
- Strong R&D investment or growth above 20%
Valuation
Growth and quality
Financials, last 10 years
| Fiscal year | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $9.9B | $9.5B | $8.9B | $8.0B | $7.2B | $6.2B | $5.4B | $5.4B | $4.9B | $4.6B | $3.4B |
| Net income | $1.1B | $1.1B | $618M | $763M | $836M | $618M | $205M | $567M | $547M | $577M | $247M |
| Free cash flow | $1.2B | $1.2B | $1.2B | $1.2B | $1.1B | $954M | $811M | $906M | $865M | $708M | $451M |
| EPS (diluted) | $4.45 | $4.30 | $2.47 | $3.05 | $3.34 | $2.47 | $0.82 | $2.27 | $2.19 | $2.31 | $0.99 |
| Net margin | 11.4% | 11.4% | 6.9% | 9.5% | 11.6% | 10.1% | 3.8% | 10.5% | 11.1% | 12.5% | 7.3% |
| ROIC | — | 7.5% | 5.3% | 6.5% | 7.0% | 6.8% | 2.8% | 5.9% | 6.1% | 4.9% | 3.3% |
From the company’s 10-K and 10-Q filings with the SEC. TTM = trailing twelve months.
What analysts expect
The average 12-month price target from 25 analysts is $206.56, 6% above the current price; targets range from $170.00 to $225.00; the consensus rating is “Strong buy”; expected EPS is $5.70 for the fiscal year ending December 31, 2026.
Frequently asked questions
What is Waste Connections’s P/E ratio?
About 43.6, based on the last twelve months of diluted earnings per share (forward P/E about 33.2).
Is Waste Connections stock undervalued?
Our DCF model with moderate assumptions puts its intrinsic value about 50% below the current market value. A model is a range, not a promise; try your own assumptions in the DCF calculator.
Does Waste Connections pay a dividend?
Yes. The dividend yield is about 0.80%, and it has paid dividends for 10 years in our data.
Is Waste Connections a good stock to buy?
We do not give buy or sell advice. Waste Connections scores 2.2 out of 5 on our five checks (value, growth, track record, financial health and shareholder returns); the checks above show why.
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Generated from SEC filings, analyst consensus estimates and market prices, rebuilt every day. Educational information, not investment advice.