Waste Connections (WCN) EBITDA Margin (2015 - 2026)
Waste Connections' (WCN) quarterly EBITDA Margin came in at 27.94% in Q2 2026, down 184.0% year-over-year from 33.27% in Q2 2025, and up 4.89% quarter-over-quarter from 26.64% in Q1 2026.
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Waste Connections (WCN) EBITDA Margin (2015 - 2026) Analysis & Trends
Waste Connections has disclosed EBITDA Margin across 12 years of filings, most recently posting 27.94% for Q2 2026.
- In Q2 2026, EBITDA Margin fell 184.0% year-over-year to 27.94%; the TTM figure through Jun 2026 stood at 28.05% (up 492.0% YoY), while the FY2025 annual figure was 28.95%, up 606.0% from the prior year.
- EBITDA Margin came in at 27.94% for Q2 2026 at Waste Connections, up from 26.64% in the prior quarter.
- In the past five years, EBITDA Margin ranged from a high of 30.95% in Q3 2024 to a low of 2.76% in Q4 2024.
- Average EBITDA Margin over 5 years is 26.51%, with a median of 27.8% recorded in 2022.
- Year-over-year, EBITDA Margin plunged 1875 bps in 2024 and jumped 2621 bps in 2025.
- Over 5 years, EBITDA Margin stood at 27.45% in 2022, then fell by 22 bps to 21.51% in 2023, then slumped by 87 bps to 2.76% in 2024, then soared by 949 bps to 28.98% in 2025, then fell by 4 bps to 27.94% in 2026.
- Per Business Quant data, the three most recent EBITDA Margin figures were 27.94% in Q2 2026, 26.64% in Q1 2026, and 28.98% in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Waste Management | 86.82 Bn | 86.26 Bn | 2.73 Bn | 18.75% |
| 2 | Republic Services | 68.56 Bn | 68.46 Bn | 1.87 Bn | 20.34% |
| 3 | Waste Connections | 40.73 Bn | 40.63 Bn | 1.08 Bn | 27.94% |
| 4 | GFL Environmental | 15.53 Bn | 15.34 Bn | 385.80 Mn | 30.35% |
| 5 | Casella Waste Systems | 5.74 Bn | 5.71 Bn | 178.80 Mn | 3.67% |
| 6 | Comstock | 230.85 Mn | 230.85 Mn | -896,073.00 | -9,744.96% |
| 7 | Quest Resource Holding | 29.23 Mn | 28.20 Mn | 10.43 Mn | -15.55% |
| 8 | ReTo Eco-Solutions | 50,241.15 | -5.98 Bn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 27.94% |
| Mar 31, 2026 | 26.64% |
| Dec 31, 2025 | 28.98% |
| Sep 30, 2025 | 28.62% |
| Jun 30, 2025 | 29.79% |
| Mar 31, 2025 | 28.39% |
| Dec 31, 2024 | 2.76% |
| Sep 30, 2024 | 30.95% |
| Jun 30, 2024 | 29.62% |
| Mar 31, 2024 | 28.44% |
| Dec 31, 2023 | 21.51% |
| Sep 30, 2023 | 27.51% |
| Jun 30, 2023 | 27.58% |
| Mar 31, 2023 | 27.30% |
| Dec 31, 2022 | 27.45% |
| Sep 30, 2022 | 27.66% |
| Jun 30, 2022 | 28.55% |
| Mar 31, 2022 | 27.57% |
| Dec 31, 2021 | 26.13% |
| Sep 30, 2021 | 28.62% |