Waste Connections (WCN) EBITDA Margin (2015 - 2026)

Waste Connections has disclosed EBITDA Margin across 12 years of filings, most recently posting 26.64% for Q1 2026.

• EBITDA Margin for Q1 2026 came in at 26.64%, down 175.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 28.51% (up 554.0% YoY), and the FY2025 annual result was 28.95%, up 606.0% from the prior year.
• EBITDA Margin came in at 26.64% for Q1 2026 at Waste Connections, down from 28.98% 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.
• The 5-year median for EBITDA Margin is 27.66% (2022), against an average of 26.43%.
• Across the five-year window, EBITDA Margin sank 1875 bps in 2024 and soared 2621 bps in 2025, its largest moves.
• Waste Connections' EBITDA Margin stood at 27.45% in 2022, then fell by 22 bps to 21.51% in 2023, then plunged by 87 bps to 2.76% in 2024, then soared by 949 bps to 28.98% in 2025, then fell by 8 bps to 26.64% in 2026.
• The last three EBITDA Margin figures came in at 26.64% (Q1 2026), 28.98% (Q4 2025), and 28.62% (Q3 2025), per Business Quant data.