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WASTE CONNECTIONS, INC.

CIK: 1318220 SIC: 4953
$9.47B
Revenue
$1.08B
Net Income
42.37%
Gross Margin
18.06%
Op. Margin
$2.25B
Free Cash Flow
Financial Statements Quarterly (10-Q)
Showing 7 of 29 quarterly reports available
Breakdown Q4 2025
(Dec 31, 2025)
Q3 2025
(Sep 30, 2025)
Q2 2025
(Jun 30, 2025)
Q1 2025
(Mar 31, 2025)
Q4 2024
(Dec 31, 2024)
Q3 2024
(Sep 30, 2024)
Q2 2024
(Jun 30, 2024)
+ Total Revenue $2.37B $2.46B $2.41B $2.23B $2.26B $2.34B $2.25B
Revenue Growth % (YoY) 5.0% 5.1% 7.1% nan% nan% nan% nan%
Cost of Revenue $1.36B $1.41B $1.39B $1.29B $1.32B $1.34B $1.30B
+ Gross Profit $1.01B $1.05B $1.01B $936.73M $935.51M $994.41M $947.10M
Gross Margin % 42.5% 42.8% 42.1% 42.0% 41.4% 42.5% 42.1%
Selling General & Admin $229.97M $236.48M $242.97M $250.13M $211.34M $222.53M $228.85M
+ Operating Income $420.83M $439.59M $459.55M $390.21M $-199.19M $475.34M $424.70M
Operating Margin % 17.7% 17.9% 19.1% 17.5% -8.8% 20.3% 18.9%
Interest Expense $60.24M $84.45M $82.75M $80.88M $54.55M $83.52M $82.38M
Other Income/Expense $3.69M $14.54M $10.05M $1.87M $-2.26M $4.90M $9.65M
Income Before Tax $341.01M $374.77M $389.16M $312.98M $-281.65M $400.06M $355.98M
Income Tax Expense $82.51M $88.50M $98.88M $71.47M $-85.64M $92.01M $80.58M
+ Net Income $258.50M $286.27M $290.28M $241.51M $-196.00M $308.05M $275.48M
Net Margin % 10.9% 11.6% 12.1% 10.8% -8.7% 13.2% 12.3%
Basic EPS 1.01 1.11 1.12 0.94 -0.76 1.19 1.07
Diluted EPS 1.01 1.11 1.12 0.93 -0.76 1.19 1.07
Basic Shares Outstanding - 256.9M 258.4M 258.2M 26K 258.0M 258.0M
Diluted Shares Outstanding - 257.6M 259.0M 258.9M 60K 258.8M 258.6M
Breakdown Q4 2025
(Dec 31, 2025)
Q3 2025
(Sep 30, 2025)
Q2 2025
(Jun 30, 2025)
Q1 2025
(Mar 31, 2025)
Q4 2024
(Dec 31, 2024)
Q3 2024
(Sep 30, 2024)
Q2 2024
(Jun 30, 2024)
Cash & Cash Equivalents $45.97M $117.60M $110.17M $111.23M $62.37M $115.27M $78.66M
Accounts Receivable $1.02B $1.07B $1.03B $952.01M $935.03M $990.90M $961.49M
Other Current Assets $240.60M $216.40M $207.66M $217.80M $229.52M $248.97M $195.56M
Total Current Assets $1.31B $1.40B $1.35B $1.28B $1.23B $1.36B $1.24B
Property Plant & Equipment $8.73B $8.42B $8.38B $8.22B $8.04B $8.23B $7.90B
Goodwill $8.39B $8.28B $8.22B $8.06B $7.95B $7.92B $7.70B
Intangible Assets $2.01B $2.00B $2.06B $2.07B $1.99B $1.98B $1.89B
Other Non-current Assets $109.15M $107.92M $105.23M $103.29M $90.81M $86.09M $84.69M
Total Assets $21.13B $20.78B $20.68B $20.25B $19.82B $20.10B $19.30B
Accounts Payable $765.23M $759.27M $729.89M $625.58M $637.37M $706.28M $663.16M
Accrued Liabilities $810.37M $762.14M $705.55M $690.22M $736.82M $552.74M $569.73M
Deferred Revenue $416.02M $411.58M $412.42M $404.38M $382.50M $377.48M $375.63M
Total Current Liabilities $2.12B $2.09B $2.00B $1.83B $1.88B $1.75B $1.77B
Long-term Debt $8.81B $8.62B $8.34B $8.39B $8.07B $8.16B $7.70B
Deferred Tax Liabilities $1.09B $1.07B $1.04B $1.01B $958.34M $1.10B $1.07B
Other Non-current Liabilities $576.34M $621.80M $651.78M $716.18M $747.25M $517.30M $491.86M
Total Liabilities $12.88B $12.69B $12.32B $12.24B $11.96B $11.83B $11.32B
Retained Earnings $5.20B $5.03B $4.83B $4.62B $4.46B $4.73B $4.50B
Total Stockholders Equity $8.25B $8.09B $8.35B $8.01B $7.86B $8.26B $7.98B
Total Liabilities & Equity $21.13B $20.78B $20.68B $20.25B $19.82B $20.10B $19.30B
Breakdown Q4 2025
(Dec 31, 2025)
Q3 2025
(Sep 30, 2025)
Q2 2025
(Jun 30, 2025)
Q1 2025
(Mar 31, 2025)
Q4 2024
(Dec 31, 2024)
Q3 2024
(Sep 30, 2024)
Q2 2024
(Jun 30, 2024)
Net Income $258.50M $286.27M $290.28M $241.51M $-196.00M $813.58M $505.53M
Stock-based Compensation $19.02M $60.43M $41.96M $23.44M $16.66M $61.23M $40.81M
Deferred Income Tax $22.82M $93.84M $58.29M $36.16M $-138.56M $81.27M $47.59M
Change in Working Capital - $177.12M $123.73M $72.03M - $149.83M $73.11M
Operating Cash Flow $556.88M $1.86B $1.18B $541.54M $568.93M $1.66B $1.10B
Capital Expenditure $384.29M $794.94M $497.76M $212.46M $396.69M $659.30M $387.17M
Acquisitions $190.27M $627.31M $510.74M $380.42M $110.60M $2.01B $1.44B
Investing Cash Flow $-589.33M $-1.43B $-1.02B $-603.21M $-513.37M $-2.65B $-1.79B
Debt Repayment $321.37M $1.81B $1.49B $541.74M $485.74M $2.76B $2.23B
Stock Issued $-1.00K $324.00K $324.00K $324.00K $816.00K $1.20M $286.00K
Stock Repurchased $63.34M $442.18M $389.00K - - - -
Dividends Paid $89.86M $243.95M $162.95M $81.48M $81.00M $221.25M $147.27M
Financing Cash Flow $-28.55M $-331.49M $-92.48M $113.38M $-95.41M $1.04B $701.88M
Net Change in Cash $-61.01M $92.41M $69.30M $51.27M $-40.34M $54.47M $8.37M
SEC Filing Format - Data shown as it appears in the Q3 2025 (10-Q) filing Period ended: Sep 30, 2025
Condensed Consolidated Statements of Operations
Description Sep 30, 2025 Sep 30, 2025
Current Prior Year Current YTD Prior Year YTD
Total Revenue $2.46B - $7.09B -
Cost of Revenue $1.41B - $4.09B -
Selling General & Admin $236.48M - $729.58M -
Operating Income $439.59M - $1.29B -
Interest Expense $84.45M - $248.07M -
Other Income/Expense $14.54M - $26.46M -
Income Before Tax $374.77M - $1.08B -
Income Tax Expense $88.50M - $258.85M -
Net Income $286.27M $275.40M $818.06M -
Basic EPS 1.11 - 3.17 -
Diluted EPS 1.11 - 3.16 -
Basic Shares Outstanding $256.95M - $257.84M -
Diluted Shares Outstanding $257.58M - $258.48M -
Condensed Consolidated Balance Sheets
Description Sep 30, 2025 Dec 31, 2024
Cash & Cash Equivalents $117.60M $62.37M
Accounts Receivable $1.07B $935.03M
Other Current Assets $216.40M $229.52M
Total Current Assets $1.40B $1.23B
Property Plant & Equipment $8.42B $8.04B
Goodwill $8.28B $7.95B
Intangible Assets $2.00B $1.99B
Other Non-current Assets $107.92M $90.81M
Total Assets $20.78B $19.82B
Accounts Payable $759.27M $637.37M
Accrued Liabilities $762.14M $736.82M
Deferred Revenue $411.58M $382.50M
Total Current Liabilities $2.09B $1.88B
Long-term Debt $8.62B $8.07B
Deferred Tax Liabilities $1.07B $958.34M
Other Non-current Liabilities $621.80M $747.25M
Total Liabilities $12.69B $11.96B
Retained Earnings $5.03B $4.46B
Total Stockholders Equity $8.09B $7.86B
Total Liabilities & Equity $20.78B $19.82B
Condensed Consolidated Statements of Cash Flows
Description Sep 30, 2025 Sep 30, 2025
Current Prior Year Current YTD Prior Year YTD
Net Income $286.27M $275.40M $818.06M -
Stock-based Compensation - - $60.43M -
Deferred Income Tax - - $93.84M -
Change in Working Capital - - $177.12M -
Operating Cash Flow - - $1.86B -
Capital Expenditure - - $794.94M -
Acquisitions - - $627.31M -
Investing Cash Flow - - $-1.43B -
Debt Repayment - - $1.81B -
Stock Issued - - $324.00K -
Stock Repurchased - - $442.18M -
Dividends Paid - - $243.95M -
Financing Cash Flow - - $-331.49M -
Net Change in Cash - - $92.41M -

All values are in USD (United States Dollars). Data is sourced from SEC EDGAR 10-Q filings.

Quarterly data represents single quarter results (Q1-Q4). Some items may show year-to-date values if quarterly breakdown is unavailable.

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