PWR vs WCN vs WM Stock Comparison

Quanta Services, Waste Connections and Waste Management Prices as of Oct 29, 2026 Peers: Industry group
PWR Quanta Services, Inc.
$635.18 -2.6% 1M +41.6% 1Y
Market cap
$95.45B
P/E
56.7x
Revenue (TTM)
$37.29B
Div. yield
0.07%
Utility Construction Industrials
4 wins
WM Waste Management Inc
$230.86 +11.5% 1M +16.9% 1Y
Market cap
$91.81B
P/E
30.0x
Revenue (TTM)
$26.07B
Div. yield
1.58%
Solid Waste Industrials
5 wins

Head to Head

9 decided of 12

Waste Management leads on 5 of the 12 questions below (Waste Management 5, Quanta Services 4). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionPWRWCNWMLeader
Larger companyMarket capitalisation $95.45B $45.88B $91.81B PWR
Cheaper on earningsLower P/E, profitable companies only 56.7x 37.2x 30.0x WM
Cheaper on forward earningsLower price / next fiscal year consensus EPS 40.0x 33.7x 26.7x WM
Faster revenue growthRevenue growth, trailing twelve months +37.1% +6.3% +5.2% PWR
More profitableNet margin, trailing twelve months — — 11.8% –
Better return on capitalReturn on invested capital — — 11.4% –
Less leveragedLower net debt / EBITDA — — 3.0x –
Higher dividend yieldTrailing dividend yield 0.07% 0.77% 1.58% WM
Better 1-year returnPrice return, last 12 months +41.6% +8.0% +16.9% PWR
Better 5-year returnAnnualised price return, 5 years +39.3%/yr +6.0%/yr +7.6%/yr PWR
Less volatileAnnualised volatility, 1 year 45.2% 25.6% 21.3% WM
Higher overall scoreMean of the five percentile scores vs peers 46/100 45/100 54/100 WM

Percentile Scorecard

PWRWCNWM

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisPWRWCNWM
Valuation 20 #42 of 52 27 #12 of 16 47 #9 of 16
Growth 78 #9 of 37 69 #5 of 14 62 #6 of 14
Profitability 72 #11 of 37 69 #5 of 14 100 #1 of 14
Financial Health 41 #34 of 57 14 #13 of 15 7 #14 of 15
Shareholder Returns 19 #22 of 27 – –
Overall 46 45 54
  • PWR ranked among 57 companies in Construction Services
  • WCN ranked among 16 companies in Waste Management
  • WM ranked among 16 companies in Waste Management

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodPWRWCNWMSPY
1 month -2.6%+17.0%+11.5% +0.7%
3 months -3.5%+9.4%+2.0% +3.7%
6 months -12.7%+10.5%-0.7% +7.1%
Year to date +50.5%+3.8%+5.1% +12.8%
1 year +41.6%+8.0%+16.9% +11.9%
3 years +285.5%+40.1%+41.8% +85.2%
3 years, per year +56.8%+11.9%+12.4% +22.8%
5 years +423.7%+33.8%+44.1% +67.6%
5 years, per year +39.3%+6.0%+7.6% +10.9%
10 years +2,124.0%+263.0%+260.8% +262.0%
10 years, per year +36.4%+13.8%+13.7% +13.7%

Risk

MeasurePWRWCNWMSPY
Volatility, 1Y 45.2%25.6%21.3% 12.7%
Downside volatility, 1Y 42.8%23.2%20.3% 12.6%
Beta vs S&P 500, 1Y 1.72-0.20-0.43 1.00
Return / volatility, 1Y 0.920.310.79 0.94
Max drawdown, 5Y -33.9%-25.5%-18.7% -25.4%
From 52-week high -19.1%-2.5%-6.3% -1.2%
52-week high $785.24$186.62$246.51 $779.14
52-week low $413.17$149.02$196.77 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultiplePWRWCNWM
P/E now vs peer median 56.7xmedian 28.1x 37.2xmedian 30.9x 30.0xmedian 30.9x
P/S now vs peer median 2.6xmedian 0.8x 4.6xmedian 3.2x 3.5xmedian 3.2x
EV/EBITDA now vs peer median —median 12.7x —median 14.0x 14.8xmedian 14.0x
P/FCF now vs peer median 42.8xmedian 25.0x 31.8xmedian 17.3x 24.5xmedian 17.3x
P/B now vs peer median 9.0xmedian 2.5x 5.8xmedian 2.8x 9.3xmedian 2.8x
PEG now vs peer median 1.71median 0.60 —median 2.44 2.86median 2.44

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsPWRWCNWM
Revenue $37.29B $9.94B $26.07B
Gross profit $5.88B – $10.53B
Operating income $2.55B $1.76B $4.80B
Net income – $1.13B $3.07B
Free cash flow – – $3.74B
EPS (diluted) $11.04 – $7.68
Cash & equivalents $2.32B $95.69M $247.00M
Total debt – – $23.37B
Shares (diluted) 152.44M 253.86M 399.80M
Enterprise value $95.54B $45.88B $90.65B

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricPWRWCNWM
P/E 56.7x 37.2x 30.0x
P/FCF 42.8x 31.8x 24.5x
P/Operating cash flow – 18.2x 14.0x
P/S 2.6x 4.6x 3.5x
P/B 9.0x 5.8x 9.3x
P/Tangible book 12.8x 7.8x 14.5x
EV/EBITDA – – 14.8x
EV/EBIT – – 23.9x
EV/Revenue 2.6x 4.6x 4.4x
EV/FCF – – 30.7x
EV/Operating cash flow – 18.2x 17.5x
PEG (3Y EPS CAGR) 1.71 – 2.86

Growth

14 metrics
MetricPWRWCNWM
Revenue growth (1Y) 37.1% 6.3% 5.2%
Revenue CAGR (3Y) 24.1% 8.2% 9.0%
Gross profit growth (1Y) 42.6% – -21.0%
Gross profit CAGR (3Y) 27.9% – 11.5%
Operating income growth (1Y) 61.2% 61.8% 17.9%
Operating income CAGR (3Y) 33.7% 10.0% 10.5%
Net income growth (1Y) – 82.2% 19.7%
Net income CAGR (3Y) – 10.9% 10.0%
EPS growth (1Y) 64.2% – 21.1%
EPS CAGR (3Y) 33.1% – 10.5%
Operating cash flow growth (1Y) – 4.2% 12.1%
Operating cash flow CAGR (3Y) – 6.5% 14.4%
Free cash flow growth (1Y) – – 55.7%
Free cash flow CAGR (3Y) – – 30.8%

Profitability

14 metrics
MetricPWRWCNWM
Gross margin – – 40.4%
EBITDA margin – – 29.8%
Operating margin – – 18.4%
Pretax margin – – 14.9%
Net margin – – 11.8%
FCF margin – – 14.3%
Operating cash flow margin – 25.4% 25.2%
Return on equity 16.8% 14.3% 31.0%
Return on assets 5.6% 5.3% 6.6%
Return on invested capital – – 11.4%
Return on capital employed – – 12.0%
Asset turnover 1.2x 0.5x 0.6x
Cash conversion (OCF / net income) – 2.2x 2.1x
Stock comp / revenue – 0.8% 0.7%

Financial Health

11 metrics
MetricPWRWCNWM
Debt / assets – – 50.2%
Debt / equity – – 2.4x
Net debt / EBITDA – – 3.0x
Debt / FCF – – 6.2x
Liabilities / assets 67.6% 63.3% 78.8%
Equity / assets 32.4% 36.7% 21.2%
Interest coverage – – –
Current ratio 1.2x 0.7x 0.8x
Quick ratio – – 0.7x
Cash ratio – – 0.0x
Altman Z-score – – 2.93

Shareholder Returns

7 metrics
MetricPWRWCNWM
Dividend yield 0.1% 0.8% 1.6%
Net buyback yield – – 1.7%
Shareholder yield 0.1% 0.8% 3.3%
Payout ratio (earnings) – – 48.0%
Payout ratio (FCF) – – 39.4%
Dividend growth (1Y) – – 13.2%
Dividend CAGR (3Y) – – 9.6%

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusPWRWCNWM
Forward P/E 40.0xFY2026 33.7xFY2026 26.7xFY2026
EPS, next fiscal year $15.88FY2026 $5.40FY2026 $8.65FY2026
EPS growth, next FY +47.7%FY2026 +5.9%FY2026 +15.3%FY2026
EPS growth, the year after +27.0% +18.7% +9.5%
Revenue, next fiscal year $40.73BFY2026 $10.30BFY2026 $25.84BFY2026
Revenue growth, next FY +43.0%FY2026 +10.0%FY2026 +2.6%FY2026
Revenue growth, the year after +9.6% 0.0% +12.0%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersPWRWCNWM
Held by institutions 88.9% 85.2% 82.3%
Institutions holding 1,921 830 2,350
Change in shares held, QoQ +13.5% +1.3% +0.8%
Institutions buying 972 411 1,096
Institutions selling 705 303 901
Buyers to sellers 1.38 1.36 1.22

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

PWRWCNWM
PWR 1.00 -0.22 -0.29
WCN -0.22 1.00 0.75
WM -0.29 0.75 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, PWR, WCN and WM?

Quanta Services (PWR) is the largest by market capitalisation: Quanta Services (PWR) $95.45B, Waste Connections (WCN) $45.88B, Waste Management (WM) $91.81B.

Which stock is cheaper, PWR, WCN and WM?

Waste Management (WM) trades on the lowest price-to-earnings ratio (Quanta Services (PWR) 56.7x, Waste Connections (WCN) 37.2x, Waste Management (WM) 30.0x). On next year's consensus earnings, Waste Management (WM) is cheapest (Quanta Services (PWR) 40.0x, Waste Connections (WCN) 33.7x, Waste Management (WM) 26.7x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Quanta Services (PWR) grew revenue fastest over the trailing twelve months: Quanta Services (PWR) +37.1%, Waste Connections (WCN) +6.3%, Waste Management (WM) +5.2%.

Which stock has performed better?

Over the past year Quanta Services (PWR) returned the most: Quanta Services (PWR) +41.6%, Waste Connections (WCN) +8.0%, Waste Management (WM) +16.9%. Over five years, Quanta Services (PWR) compounded fastest (Quanta Services (PWR) +39.3%/yr, Waste Connections (WCN) +6.0%/yr, Waste Management (WM) +7.6%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Waste Management (WM) has the highest dividend yield: Quanta Services (PWR) 0.07%, Waste Connections (WCN) 0.77%, Waste Management (WM) 1.58%.

Which stock is riskier?

By one-year price volatility, Waste Management (WM) has been the steadiest (Quanta Services (PWR) 45.2%, Waste Connections (WCN) 25.6%, Waste Management (WM) 21.3%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, PWR, WCN and WM?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Waste Management (WM) leads on 5. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.