Waste Connections (WCN) Cost of Revenue (2015 - 2026)
Waste Connections' Cost of Revenue was $1.5 billion in Q3 2026, up 6.7% from $1.41 billion a year earlier and up 1.5% from the prior quarter.
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Analysis
Waste Connections (WCN) Cost of Revenue (2015 - 2026) Analysis & Trends
On a trailing twelve-month basis, Waste Connections' Cost of Revenue was $5.71 billion through Sep 30, 2026, up 5.4% year-over-year; for FY2025, it was $5.46 billion, up 5.1% from FY2024.
- Cost of Revenue has now increased for 11 consecutive years, with a five-year compound annual growth rate of 10.7% (FY2020 to FY2025).
- In earlier years, Cost of Revenue was $5.19 billion in FY2024 (+9.4%), $4.74 billion in FY2023 (+9.4%), $4.34 billion in FY2022 (+18.7%) and $3.65 billion in FY2021 (+11.5%).
- The Q3 2026 figure marks the highest quarterly Cost of Revenue in data going back to Q2 2015.
- Compared with a year earlier, Cost of Revenue has increased for 24 straight quarters, with growth averaging 6.2% over the last eight quarters.
- Across the past five years, year-over-year growth in Cost of Revenue ran from 3.0% in Q4 2025 to 20.7% in Q2 2022.
- Per Business Quant data, WCN's Cost of Revenue in the three quarters before Q3 2026 was $1.48 billion (Q2 2026), $1.36 billion (Q1 2026) and $1.36 billion (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Waste Management | 94.64 Bn | 93.47 Bn | 2.75 Bn | 4.09 Bn |
| 2 | Republic Services | 75.71 Bn | 75.32 Bn | 1.90 Bn | 2.66 Bn |
| 3 | Waste Connections | 47.82 Bn | 47.47 Bn | 1.14 Bn | 1.50 Bn |
| 4 | GFL Environmental | 17.10 Bn | 15.12 Bn | - | 1.73 Bn |
| 5 | Clean Harbors | 15.24 Bn | 12.58 Bn | 661.44 Mn | 1.21 Bn |
| 6 | Casella Waste Systems | 6.30 Bn | 5.42 Bn | 178.80 Mn | 364.95 Mn |
| 7 | Onterris | 832.63 Mn | 778.53 Mn | 88.27 Mn | 114.78 Mn |
| 8 | Perma Fix Environmental Services | 327.71 Mn | 220.45 Mn | 552,000.00 | 17.40 Mn |
| 9 | Comstock | 146.28 Mn | 5.50 Mn | -606,061.00 | 973,312.00 |
| 10 | Deep Isolation Nuclear | 103.79 Mn | 103.79 Mn | 707,000.00 | 612,000.00 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 1.50 Bn |
| Jun 30, 2026 | 1.48 Bn |
| Mar 31, 2026 | 1.36 Bn |
| Dec 31, 2025 | 1.36 Bn |
| Sep 30, 2025 | 1.41 Bn |
| Jun 30, 2025 | 1.39 Bn |
| Mar 31, 2025 | 1.29 Bn |
| Dec 31, 2024 | 1.32 Bn |
| Sep 30, 2024 | 1.34 Bn |
| Jun 30, 2024 | 1.30 Bn |
| Mar 31, 2024 | 1.22 Bn |
| Dec 31, 2023 | 1.20 Bn |
| Sep 30, 2023 | 1.20 Bn |
| Jun 30, 2023 | 1.20 Bn |
| Mar 31, 2023 | 1.15 Bn |
| Dec 31, 2022 | 1.14 Bn |
| Sep 30, 2022 | 1.12 Bn |
| Jun 30, 2022 | 1.09 Bn |
| Mar 31, 2022 | 989.52 Mn |
| Dec 31, 2021 | 980.87 Mn |
API Access
Waste Connections Cost of Revenue API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=cost-of-revenue&ticker=WCN&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "cost-of-revenue", "ticker": "WCN", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=cost-of-revenue&ticker=WCN&period=max&api_key=YOUR_API_KEY");
const data = await res.json();