Waste Connections (WCN) EBITDA Margin (2015 - 2026)
Waste Connections (WCN) posted EBITDA Margin of 17.08% for Q2 2026, up 11.22% sequentially from 15.36% in Q1 2026, and down 201.0% YoY from 16.91% in Q2 2025.
Waste Connections (WCN) EBITDA Margin (2015 - 2026) Analysis & Trends
Waste Connections has reported EBITDA Margin for 12 years, with the latest figure at 17.08% in Q2 2026.
- Quarterly EBITDA Margin fell 201.0% year-over-year to 17.08% in Q2 2026, while the trailing twelve-month figure through Jun 2026 was 17.02% (up 483.0% YoY) and the FY2025 annual result came in at 18.06%, up 609.0% from the prior year.
- EBITDA Margin rose to 17.08% in Q2 2026 per WCN's latest filing, from 15.36% in the prior quarter.
- Over five years, EBITDA Margin peaked at 20.33% in Q3 2024 and troughed at 8.81% in Q4 2024.
- A 5-year average of 15.74% and a median of 17.24% in 2023 frame the typical range for EBITDA Margin.
- The sharpest annual moves came in 2024 and 2025: EBITDA Margin tumbled 1984 bps in 2024, then soared 2654 bps in 2025.
- Over 5 years, EBITDA 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 jumped by 301 bps to 17.73% in 2025, then retreated by 4 bps to 17.08% in 2026.
- According to Business Quant data, EBITDA Margin over the past three periods registered 17.08%, 15.36%, and 17.73% for Q2 2026, Q1 2026, and Q4 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Waste Management | 90.39 Bn | 89.83 Bn | 2.73 Bn | 18.75% |
| 2 | Republic Services | 67.62 Bn | 67.51 Bn | 1.87 Bn | 20.34% |
| 3 | Waste Connections | 42.71 Bn | 42.61 Bn | 1.08 Bn | 27.94% |
| 4 | Clean Harbors | 17.07 Bn | 16.56 Bn | 608.78 Mn | 15.50% |
| 5 | GFL Environmental | 14.89 Bn | 14.70 Bn | 278.90 Mn | 30.35% |
| 6 | Casella Waste Systems | 5.91 Bn | 5.89 Bn | 178.80 Mn | 3.67% |
| 7 | Sino Green Land | 646.75 Mn | 646.67 Mn | -78,936.00 | -83.62% |
| 8 | Onterris | 529.21 Mn | 515.52 Mn | 82.26 Mn | 5.28% |
| 9 | Perma Fix Environmental Services | 334.90 Mn | 300.95 Mn | -2.50 Mn | -50.50% |
| 10 | American Battery Technology | 307.22 Mn | 267.94 Mn | 737,749.00 | -440.46% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 17.08% |
| 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% |