Waste Connections (WCN) EBIT Margin (2015 - 2026)
Waste Connections' (WCN) quarterly EBIT Margin came in at 15.36% in Q1 2026, down 215.0% year-on-year from 13.35% in Q1 2025, and down 13.39% quarter-over-quarter from 17.73% in Q4 2025.
Waste Connections (WCN) EBIT Margin (2015 - 2026) Analysis & Trends
Waste Connections has disclosed EBIT Margin across 12 years of filings, most recently posting 15.36% for Q1 2026.
- EBIT Margin for Q1 2026 came in at 15.36%, down 215.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 17.53% (up 550.0% YoY), and the FY2025 annual result was 18.06%, up 609.0% from the prior year.
- EBIT Margin came in at 15.36% for Q1 2026 at Waste Connections, down from 17.73% in the prior quarter.
- In the past five years, EBIT Margin ranged from a high of 20.33% in Q3 2024 to a low of 8.81% in Q4 2024.
- The 5-year median for EBIT Margin is 17.38% (2022), against an average of 15.66%.
- Across the five-year window, EBIT Margin tumbled 1984 bps in 2024 and jumped 2654 bps in 2025, its largest moves.
- Waste Connections' EBIT Margin stood at 16.69% in 2022, then slumped by 34 bps to 11.03% in 2023, then sank by 180 bps to 8.81% in 2024, then surged by 301 bps to 17.73% in 2025, then slipped by 13 bps to 15.36% in 2026.
- The last three EBIT Margin figures came in at 15.36% (Q1 2026), 17.73% (Q4 2025), and 17.88% (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBIT Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | GFL Environmental | 252.38 Bn | 252.50 Bn | 218.62 Mn | -15.18% |
| 2 | Waste Connections | 40.24 Bn | 40.13 Bn | 1.01 Bn | 15.36% |
| 3 | Clean Harbors | 15.26 Bn | 14.59 Bn | 445.42 Mn | 8.15% |
| 4 | Casella Waste Systems | 5.57 Bn | 5.43 Bn | 148.40 Mn | 1.06% |
| 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 | -440.46% |
| 8 | Waste Management | 198.93 Mn | 41.93 Mn | 2.53 Bn | 17.87% |
| 9 | Perma Fix Environmental Services | 184.86 Mn | 164.86 Mn | -2.88 Mn | -67.26% |
| 10 | One & one Green Technologies | 144.62 Mn | 143.66 Mn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 15.36% |
| Dec 31, 2025 | 17.73% |
| Sep 30, 2025 | 17.88% |
| Jun 30, 2025 | 19.09% |
| Mar 31, 2025 | 17.51% |
| Dec 31, 2024 | -8.81% |
| Sep 30, 2024 | 20.33% |
| Jun 30, 2024 | 18.89% |
| Mar 31, 2024 | 17.70% |
| Dec 31, 2023 | 11.03% |
| Sep 30, 2023 | 17.10% |
| Jun 30, 2023 | 17.03% |
| Mar 31, 2023 | 16.56% |
| Dec 31, 2022 | 16.69% |
| Sep 30, 2022 | 17.38% |
| Jun 30, 2022 | 18.14% |
| Mar 31, 2022 | 16.64% |
| Dec 31, 2021 | 15.35% |
| Sep 30, 2021 | 17.85% |
| Jun 30, 2021 | 17.39% |