Waste Connections, Inc.
Description
Waste Connections, Inc. provides non-hazardous waste collection, transfer, disposal, and resource recovery services in the United States and Canada. It offers collection services to residential, commercial, municipal, industrial, and exploration and production (E&P) customers; landfill disposal services; and recycling services for various recyclable materials, including compost, cardboard, mixed paper, plastic containers, glass bottles, and ferrous and aluminum metals. The company owns and operates transfer stations that receive compact and/or load waste to be transported to landfills or treatment facilities through truck, rail, or barge; and intermodal services for the rail haul movement of cargo and solid waste containers in the Pacific Northwest through a network of intermodal facilities. In addition, it provides E&P waste treatment, recovery, and disposal services for waste resulting from oil and natural gas exploration and production activity, such as drilling fluids, drill cuttings, completion fluids, and flowback water; production wastes and produced water during a well's operating life; contaminated soils that require treatment during site reclamation; and substances, which require clean-up after a spill, reserve pit clean-up, or pipeline rupture. Further, the company offers leasing services to its customers. Waste Connections, Inc. was founded in 1997 and is based in Woodbridge, Canada.
About
CEO
Mr. Ronald J. Mittelstaedt
Employees
22,539
Instrument type
Common Stock
Sector
Industrials
Industry
Waste Management
MIC code
XNYS
Address
6220 Highway 7, Woodbridge, ON L4H 4G3, Canada
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Oscillators
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Summary
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Moving Averages
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Earnings
| Date | Estimate EPS | Actual EPS | Difference | % Surprise |
|---|---|---|---|---|
| Oct 21, 2025 | — | — | — | — |
| Jul 22, 2025 | — | — | — | — |
| Apr 22, 2025 | — | — | — | — |
| Feb 11, 2025 | 1.69 | — | — | — |
Earnings estimate
|
Next Quarter
(Mar 2025)
|
Next Year
(Dec 2025)
|
|||
|---|---|---|---|---|
| Number of analysts | — | 12 | — | 20 |
| Average estimate | — | 1.15 | — | 5.34 |
| Low estimate | — | 1.09 | — | 4.82 |
| High estimate | — | 1.22 | — | 5.59 |
| Last year EPS | — | 1.04 | — | 4.82 |
[stock_revenue_estimate]
Growth estimates
Current qtr
6.620%
Next qtr. (Mar 2025)
10.930%
Current year
14.950%
Next year (Dec 2025)
10.950%
Next 5 years (per annum)
—
Past 5 years (per annum)
—
Income statement
| 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|
| Fiscal date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Total reported revenue | 8.02B | 7.21B | 6.15B | 5.45B | 5.39B |
| Cost of revenue | 4.74B | 4.34B | 3.65B | 3.28B | 3.20B |
| Gross profit | 3.28B | 2.88B | 2.50B | 2.17B | 2.19B |
| Operating expense | |||||
| Research & development | — | — | — | — | — |
| Selling general and admin | 799.12M | 696.47M | 612.34M | 537.63M | 546.28M |
| Other operating expenses | — | — | — | — | — |
| Operating income | 1.48B | 1.26B | 1.07B | 879.15M | 899.73M |
| Non operating interest income | |||||
| Income | 9.35M | 5.95M | 2.92M | 5.25M | 9.78M |
| Expense | 274.64M | 202.33M | 162.80M | 162.38M | 147.37M |
| Other income expense | -226.32M | -15.08M | -141.32M | -468.11M | -56.24M |
| Pretax income | 983.50M | 1.05B | 770.74M | 253.91M | 705.89M |
| Tax provision | 220.68M | 212.96M | 152.25M | 49.92M | 139.21M |
| Net income | 762.83M | 836.00M | 618.49M | 203.99M | 566.68M |
| Basic EPS | 2.96 | 3.25 | 2.37 | 0.78 | 2.15 |
| Diluted EPS | 2.95 | 3.24 | 2.36 | 0.78 | 2.14 |
| Basic average shares | 257.55M | 257.38M | 261.17M | 263.19M | 263.79M |
| Diluted average shares | 257.55M | 257.38M | 261.17M | 263.19M | 263.79M |
| EBITDA | 2.50B | 2.19B | 1.89B | 1.64B | 1.66B |
| Net income from continuing op. | 762.83M | 836.00M | 618.49M | 203.99M | 566.68M |
| Minority interests | -26,000 | -339,000 | -442,000 | 685,000 | 160,000 |
| Preferred stock dividends | — | — | — | — | — |
Balance sheet
| 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|
| Fiscal date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Total assets | 17.92B | 17.13B | 14.70B | 13.99B | 13.74B |
| Current assets | |||||
| Cash | — | — | — | — | — |
| Cash equivalents | — | — | — | — | — |
| Cash and cash equivalents | 78.40M | 78.64M | 147.44M | 617.29M | 326.74M |
| Other short term investments | — | — | — | — | — |
| Accounts receivable | 856.95M | 833.86M | 709.61M | 630.26M | 662.81M |
| Other receivables | — | — | — | — | — |
| Inventory | 61.67M | 55.19M | 44.26M | 36.73M | — |
| Prepaid assets | 40.51M | 43.70M | 33.15M | 27.40M | 141.05M |
| Restricted cash | — | — | — | — | — |
| Assets held for sale | — | — | — | — | — |
| Hedging assets | 15.84M | 17.91M | — | — | — |
| Other current assets | 60.29M | 45.29M | 37.01M | 46.52M | 141.05M |
| Non current assets | |||||
| Properties | 11.94B | 11.06B | 9.41B | 8.60B | 8.37B |
| Land and improvements | — | — | — | — | — |
| Machinery furniture equipment | 1.22B | 1.07B | 940.72M | 820.53M | 749.56M |
| Construction in progress | 167.03M | 132.37M | 82.19M | 41.67M | 23.74M |
| Leases | — | — | — | — | — |
| Accumulated depreciation | -5.84B | -5.12B | -4.55B | -4.00B | -3.45B |
| Goodwill | 16.41B | 15.48B | 13.73B | 12.61B | 12.18B |
| Investment properties | — | — | — | — | — |
| Financial assets | — | — | — | — | — |
| Intangible assets | 1.60B | 1.67B | 1.35B | 1.16B | 1.16B |
| Investments and advances | — | — | — | — | — |
| Other non current assets | 276.04M | 297.32M | 246.39M | 246.93M | 233.62M |
| Total liabilities | 10.22B | 10.02B | 7.71B | 7.13B | 6.80B |
| Current liabilities | |||||
| Accounts payable | 642.46M | 638.73M | 392.87M | 290.82M | 436.97M |
| Accrued expenses | 491.78M | 411.58M | 407.00M | 372.01M | 270.37M |
| Short term debt | 59.00M | 41.93M | 44.04M | 38.94M | 30.39M |
| Deferred revenue | 355.20M | 325.00M | 273.72M | 233.60M | 216.44M |
| Tax payable | 15.55M | 11.22M | 8.83M | 6.38M | — |
| Pensions | — | 2.34M | 2.42M | 868,000 | 930,000 |
| Other current liabilities | 95.00M | 60.09M | 81.48M | 63.32M | 30.34M |
| Non current liabilities | |||||
| Long term debt | 6.96B | 7.06B | 5.17B | 4.86B | 4.51B |
| Provision for risks and charges | — | — | — | — | — |
| Deferred liabilities | 1.02B | 1.01B | 850.92M | 760.04M | 818.62M |
| Derivative product liabilities | — | — | — | — | — |
| Other non current liabilities | 544.47M | 438.96M | 452.58M | 484.33M | 459.68M |
| Shareholders equity | |||||
| Common stock | 3.28B | 3.27B | 3.69B | 4.03B | 4.14B |
| Retained earnings | 4.14B | 3.65B | 3.06B | 2.66B | 2.65B |
| Other shareholders equity | -9.83M | -56.83M | 39.58M | -651,000 | -10.96M |
| Total shareholders equity | 7.70B | 7.11B | 6.99B | 6.86B | 6.94B |
| Additional paid in capital | 284.28M | 244.08M | 199.48M | 170.56M | 154.92M |
| Treasury stock | — | — | — | — | — |
| Minority interest | 4.97M | 4.95M | 4.61M | 4.17M | 4.85M |
Cash flow statement
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||||||||||||||
| Net Income | 762.83M | 836.00M | 618.49M | 203.99M | 566.68M | 547.15M | 577.42M | 247.32M | -94.69M | 233.33M | 196.01M | 159.66M | 166.17M | 136.14M | 110.81M | 115.14M | 99.08M | 77.42M | 83.94M | 72.27M | 65.60M | 55.47M | 30.53M | 28.19M | 9.23M | 2.27M | -3.70M |
| Depreciation | 1.00B | 918.96M | 813.01M | 752.40M | 743.92M | 680.49M | 632.48M | 463.91M | 269.43M | 257.94M | 243.86M | 193.58M | 167.10M | 147.46M | 130.76M | 97.43M | 87.81M | 81.10M | 67.04M | 60.63M | 49.75M | 41.17M | 37.73M | 27.20M | 14.77M | 8.01M | 4.00M |
| Deferred Taxes | 6.33M | 93.48M | 14.56M | -50.49M | 54.64M | 77.86M | -153.28M | 42.30M | -132.45M | 31.03M | 38.68M | 29.69M | 50.99M | 26.43M | 38.22M | 30.28M | 12.44M | 26.59M | -792,000 | 26.57M | 27.93M | 10.13M | 12.44M | 1.30M | 2.20M | 1.36M | -400,000 |
| Stock-Based Compensation | 70.44M | 63.49M | 58.22M | 45.75M | 42.67M | 43.80M | 39.36M | 44.77M | 20.32M | 18.45M | 15.40M | 17.29M | 11.88M | 11.33M | 9.34M | 7.85M | — | — | — | — | — | — | — | — | — | — | — |
| Other Non-Cash Items | 215.17M | 10.89M | 22.20M | 35.19M | 20.69M | 20.30M | 27.52M | 10.64M | -12.75M | 3.19M | 4.30M | 5.39M | 3.74M | 4.09M | 2.06M | -543,000 | -7.54M | -4.27M | — | — | — | — | — | — | -9,000 | 1.20M | 100,000 |
| Accounts Receivable | -20.63M | -100.55M | -54.69M | 31.33M | -34.91M | -37.72M | -38.93M | -5.25M | 17.35M | -22.17M | 1.61M | 1.55M | -14.51M | -9.32M | -4.33M | 18.77M | -17.51M | -4.93M | -9.93M | -3.36M | -2.91M | -1.59M | -1.98M | -8.01M | -5.10M | -2.56M | -1.50M |
| Accounts Payable | 32.33M | 192.85M | 66.75M | -148.36M | 71.15M | 16.14M | 50.01M | 54.22M | -16.67M | 10.17M | -26.99M | 2.76M | -2.91M | -853,000 | 13.22M | -54,000 | — | — | — | — | — | — | — | — | — | — | — |
| Other Assets & Liabilities | -31.18M | 9.33M | 11.33M | 6.69M | 16.95M | 11.96M | -15.35M | 7.55M | 4.45M | 11.30M | 4.30M | 2.71M | 3.50M | 3.70M | 3.48M | -1.46M | 34.86M | 18.93M | 13.74M | 3.74M | -1.40M | 14.51M | -5.14M | 2.75M | — | 766,000 | 1.20M |
| Operating Cash Flow | 2.04B | 2.02B | 1.55B | 876.50M | 1.48B | 1.36B | 1.12B | 865.46M | 54.97M | 543.24M | 477.16M | 412.63M | 385.96M | 318.97M | 303.55M | 267.41M | 209.14M | 194.84M | 154.00M | 159.85M | 138.97M | 119.68M | 73.58M | 51.43M | 21.09M | 11.05M | -300,000 |
| Investing Activities | |||||||||||||||||||||||||||
| Capital Expenditures | — | — | — | — | — | — | — | — | — | — | — | — | — | -134.83M | -128.25M | 2.56M | -123.22M | -94.32M | -92.23M | -69.11M | -68.72M | -54.83M | -37.17M | -25.10M | -17.75M | -8.73M | -18.30M |
| Net Intangibles | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Net Acquisitions | -676.79M | -2.21B | -985.45M | -388.79M | -761.61M | -830.09M | -410.70M | 53.64M | -230.52M | -126.18M | -46.16M | -1.58B | -257.85M | -81.01M | -420.01M | -355.15M | -109.43M | -38.59M | -80.85M | -46.78M | -84.86M | -166.63M | -52.85M | -168.31M | -233.75M | -56.57M | — |
| Purchase of Investments | — | — | — | — | — | — | — | — | — | — | — | — | — | -2.55M | -3.88M | — | — | — | — | — | — | — | — | — | — | — | — |
| Sale of Investments | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Investing Cash Flow | -647.08M | -2.17B | -949.17M | -381.48M | -759.92M | -825.68M | -381.63M | 52.14M | -231.70M | -122.13M | -41.14M | -1.58B | -258.08M | -216.78M | -548.23M | -354.15M | -235.61M | -134.55M | -173.27M | -112.47M | -160.99M | -223.18M | -90.84M | -192.97M | -256.20M | -65.40M | -18.90M |
| Financing Activities | |||||||||||||||||||||||||||
| Long-Term Debt Issuance | 1.82B | 4.82B | 2.11B | 1.82B | 1.58B | 1.02B | 973.75M | 3.47B | 1.49B | 432.50M | 327.60M | 1.65B | 592.50M | 483.25M | 426.50M | 302.00M | — | — | — | — | — | — | — | — | — | — | — |
| Long-Term Debt Payments | -2.05B | -3.07B | -1.89B | -1.54B | -1.47B | -970.77M | -770.11M | -3.71B | -1.43B | -525.91M | -493.56M | -609.01M | -421.87M | -467.66M | -402.16M | -229.50M | — | — | — | — | — | — | — | — | — | — | — |
| Other Financing Charges | -45.12M | -49.62M | -161.05M | -46.03M | -29.95M | -30.73M | -25.73M | -37.44M | -13.57M | -24.65M | -27.96M | -20.48M | -8.80M | 8.49M | 4.05M | 6.44M | 9.21M | -19.02M | -143,000 | -1.55M | -4.10M | -6.47M | -16.04M | 2.25M | -2.80M | -525,000 | -500,000 |
| Financing Cash Flow | -549.10M | 1.02B | -501.09M | -77.13M | -98.46M | -188.42M | 65.00M | -356.17M | -110.51M | -184.29M | -245.24M | 1.32B | 9.22M | -150.52M | -26.43M | 428.60M | -65.50M | -87.12M | -95.79M | -48.50M | -1.53M | -1.85M | -8.42M | 84.36M | 63.30M | 22.67M | 6.20M |
| Other Cash Details | |||||||||||||||||||||||||||
| End Cash Position | 184.04M | 181.36M | 219.62M | 714.39M | 423.22M | 403.97M | 553.23M | 168.48M | 10.97M | 14.35M | 13.59M | 23.21M | 12.64M | 9.87M | 9.64M | 265.26M | 10.30M | 34.95M | 7.51M | 3.61M | 5.28M | 4.07M | 7.28M | 2.46M | 2.40M | 3.40M | 1.30M |
| Income Tax Paid | 207.02M | 100.16M | 146.20M | 104.62M | 81.05M | 52.46M | 155.53M | 69.59M | 102.28M | 116.24M | -81.71M | 69.95M | — | 50.11M | 26.85M | 24.64M | — | — | — | — | — | — | — | — | — | — | — |
| Interest Paid | 260.92M | 177.42M | 157.49M | 142.31M | 139.69M | 124.34M | 115.65M | 87.65M | 55.67M | 60.22M | -66.99M | 49.83M | — | 39.91M | 41.66M | 32.63M | — | — | — | — | — | — | — | — | — | — | — |
| Free Cash Flow | 1.19B | 1.11B | 953.91M | 743.96M | 874.46M | 865.09M | 707.97M | 450.59M | 338.17M | 303.80M | 274.19M | 262.81M | 246.25M | 197.35M | 175.39M | 156.91M | 94.84M | 107.72M | 102.33M | 109.59M | 85.41M | 75.00M | 46.98M | 28.37M | 3.16M | 735,000 | -11.00M |
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