Waste Connections (WCN) Debt to Equity (2010 - 2026)

Waste Connections' (WCN) quarterly Debt to Equity came in at $1.14 in Q1 2026, up 8.46% year-on-year from $1.05 in Q1 2025, and up 6.23% quarter-over-quarter from $1.07 in Q4 2025.

Waste Connections (WCN) Debt to Equity (2010 - 2026) Analysis & Trends

Waste Connections has disclosed Debt to Equity across 17 years of filings, most recently posting $1.14 for Q1 2026.

  • Debt to Equity for Q1 2026 came in at $1.14, up 8.46% year-over-year; the trailing twelve-month figure through Mar 2026 was $1.14 (up 8.46% YoY), and the FY2025 annual result was $1.07, up 4.05% from the prior year.
  • Debt to Equity came in at $1.14 for Q1 2026 at Waste Connections, up from $1.07 in the prior quarter.
  • In the past five years, Debt to Equity ranged from a high of $1.14 in Q1 2026 to a low of $0.83 in Q2 2022.
  • The 5-year median for Debt to Equity is $0.98 (2022), against an average of $0.97.
  • Across the five-year window, Debt to Equity soared 35.4% in 2022 and declined 10.23% in 2023, its largest moves.
  • Waste Connections' Debt to Equity stood at $0.98 in 2022, then decreased by 10.23% to $0.88 in 2023, then climbed by 17.22% to $1.03 in 2024, then grew by 4.05% to $1.07 in 2025, then increased by 6.23% to $1.14 in 2026.
  • The last three Debt to Equity figures came in at $1.14 (Q1 2026), $1.07 (Q4 2025), and $1.08 (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Debt/Equity (Qtr)
1 GFL Environmental 252.38 Bn 252.50 Bn 218.62 Mn 1.26
2 Waste Connections 40.24 Bn 40.13 Bn 1.01 Bn 1.14
3 Clean Harbors 15.26 Bn 14.59 Bn 445.42 Mn 1.00
4 Casella Waste Systems 5.57 Bn 5.43 Bn 148.40 Mn 0.73
5 Enviri 1.71 Bn 1.63 Bn - -
6 Onterris 613.85 Mn 602.80 Mn - -
7 American Battery Technology 425.23 Mn 386.75 Mn 737,749.00 -
8 Waste Management 198.93 Mn 41.93 Mn 2.53 Bn 2.28
9 Perma Fix Environmental Services 184.86 Mn 164.86 Mn -2.88 Mn 0.04
10 One & one Green Technologies 144.62 Mn 143.66 Mn - -

Historic Data

Download Data
DateValue
Mar 31, 2026 1.14
Dec 31, 2025 1.07
Sep 30, 2025 1.08
Jun 30, 2025 1.00
Mar 31, 2025 1.05
Dec 31, 2024 1.03
Sep 30, 2024 0.99
Jun 30, 2024 0.98
Mar 31, 2024 1.00
Dec 31, 2023 0.88
Sep 30, 2023 0.91
Jun 30, 2023 0.90
Mar 31, 2023 0.97
Dec 31, 2022 0.98
Sep 30, 2022 0.90
Jun 30, 2022 0.83
Mar 31, 2022 0.86
Dec 31, 2021 0.72
Sep 30, 2021 0.71
Jun 30, 2021 0.70