Waste Connections (WCN) EBITDA Margin (2015 - 2026)
Waste Connections' EBITDA Margin came in at 31.75% for Q2 2026, down 2.29 percentage points from 34.05% a year earlier but up 1.03 percentage points from the prior quarter.
Powered by 
Analysis
Waste Connections (WCN) EBITDA Margin (2015 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Waste Connections reported EBITDA Margin of 32.21%, up 4.59 percentage points year-over-year; for FY2025, it was 33.30%, up 6.04 percentage points from FY2024.
- EBITDA Margin carries a five-year change of +9.36 percentage points (FY2020 to FY2025).
- Going back by year, EBITDA Margin was 27.26% in FY2024 (-2.71 pp), 29.96% in FY2023 (-2.24 pp), 32.20% in FY2022 (-0.26 pp) and 32.46% in FY2021 (+8.53 pp).
- The five-year range for quarterly EBITDA Margin is 8.18% (Q4 2024) to 34.90% (Q3 2024).
- Year-over-year, EBITDA Margin increased in four of the last eight quarters, with an average year-over-year change of +1.20 percentage points.
- The fastest year-over-year change in EBITDA Margin over five years came in Q4 2025 (a gain of 25.30 percentage points), and the weakest in Q4 2024 (a drop of 15.37 percentage points).
- Business Quant data shows WCN's EBITDA Margin at 30.72% (Q1 2026), 33.47% (Q4 2025) and 32.88% (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Waste Management | 93.34 Bn | 92.18 Bn | 2.75 Bn | 30.25% |
| 2 | Republic Services | 75.09 Bn | 74.70 Bn | 1.90 Bn | 31.70% |
| 3 | Waste Connections | 47.35 Bn | 46.99 Bn | 1.14 Bn | 35.34% |
| 4 | GFL Environmental | 15.32 Bn | 15.00 Bn | - | - |
| 5 | Clean Harbors | 15.15 Bn | 12.49 Bn | 661.44 Mn | 23.65% |
| 6 | Casella Waste Systems | 5.92 Bn | 5.04 Bn | 178.80 Mn | 20.08% |
| 7 | Onterris | 802.59 Mn | 748.49 Mn | 88.27 Mn | 12.25% |
| 8 | Enviri | 690.70 Mn | 1.79 Mn | -162.22 Mn | 16.23% |
| 9 | Perma Fix Environmental Services | 316.78 Mn | 209.52 Mn | 552,000.00 | -17.58% |
| 10 | Comstock | 137.16 Mn | -3.62 Mn | -606,061.00 | 691.41% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 35.34% |
| Jun 30, 2026 | 31.75% |
| Mar 31, 2026 | 30.72% |
| Dec 31, 2025 | 33.47% |
| Sep 30, 2025 | 32.88% |
| Jun 30, 2025 | 34.05% |
| Mar 31, 2025 | 32.75% |
| Dec 31, 2024 | 8.18% |
| Sep 30, 2024 | 34.90% |
| Jun 30, 2024 | 33.63% |
| Mar 31, 2024 | 32.52% |
| Dec 31, 2023 | 23.54% |
| Sep 30, 2023 | 29.49% |
| Jun 30, 2023 | 29.59% |
| Mar 31, 2023 | 29.45% |
| Dec 31, 2022 | 29.76% |
| Sep 30, 2022 | 29.81% |
| Jun 30, 2022 | 30.68% |
| Mar 31, 2022 | 29.92% |
| Dec 31, 2021 | 28.61% |
API Access
Waste Connections EBITDA Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=ebitda-margin&ticker=WCN&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ebitda-margin", "ticker": "WCN", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=ebitda-margin&ticker=WCN&period=max&api_key=YOUR_API_KEY");
const data = await res.json();