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

Waste Connections' (WCN) quarterly EBT Margin came in at 11.96% in Q1 2026, down 209.0% year-on-year from 10.97% in Q1 2025, and down 16.75% quarter-over-quarter from 14.37% in Q4 2025.

Waste Connections (WCN) EBT Margin (2015 - 2026) Analysis & Trends

Waste Connections has disclosed EBT Margin across 12 years of filings, most recently posting 11.96% for Q1 2026.

  • EBT Margin for Q1 2026 came in at 11.96%, down 209.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 14.45% (up 577.0% YoY), and the FY2025 annual result was 14.98%, up 642.0% from the prior year.
  • EBT Margin came in at 11.96% for Q1 2026 at Waste Connections, down from 14.37% in the prior quarter.
  • In the past five years, EBT Margin ranged from a high of 17.11% in Q3 2024 to a low of 12.46% in Q4 2024.
  • The 5-year median for EBT Margin is 14.05% (2025), against an average of 12.55%.
  • Across the five-year window, EBT Margin plunged 2039 bps in 2024 and soared 2683 bps in 2025, its largest moves.
  • Waste Connections' EBT Margin stood at 13.45% in 2022, then tumbled by 41 bps to 7.93% in 2023, then tumbled by 257 bps to 12.46% in 2024, then soared by 215 bps to 14.37% in 2025, then declined by 17 bps to 11.96% in 2026.
  • The last three EBT Margin figures came in at 11.96% (Q1 2026), 14.37% (Q4 2025), and 15.24% (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) EBT Margin (Qtr)
1 GFL Environmental 252.38 Bn 252.50 Bn 218.62 Mn -16.56%
2 Waste Connections 40.24 Bn 40.13 Bn 1.01 Bn 11.96%
3 Clean Harbors 15.26 Bn 14.59 Bn 445.42 Mn 5.78%
4 Casella Waste Systems 5.57 Bn 5.43 Bn 148.40 Mn -1.93%
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 -436.17%
8 Waste Management 198.93 Mn 41.93 Mn 2.53 Bn 14.31%
9 Perma Fix Environmental Services 184.86 Mn 164.86 Mn -2.88 Mn -66.29%
10 One & one Green Technologies 144.62 Mn 143.66 Mn - -

Historic Data

Download Data
DateValue
Mar 31, 2026 11.96%
Dec 31, 2025 14.37%
Sep 30, 2025 15.24%
Jun 30, 2025 16.17%
Mar 31, 2025 14.05%
Dec 31, 2024 -12.46%
Sep 30, 2024 17.11%
Jun 30, 2024 15.83%
Mar 31, 2024 13.92%
Dec 31, 2023 7.93%
Sep 30, 2023 14.15%
Jun 30, 2023 13.74%
Mar 31, 2023 13.27%
Dec 31, 2022 13.45%
Sep 30, 2022 15.21%
Jun 30, 2022 15.55%
Mar 31, 2022 13.92%
Dec 31, 2021 13.06%
Sep 30, 2021 8.33%
Jun 30, 2021 14.67%