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| Date | Value |
|---|---|
| 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% |