Waste Connections (WCN) EBT Margin (2015 - 2026)
Waste Connections' (WCN) quarterly EBT Margin came in at 14.98% in Q2 2026, down 119.0% year-over-year from 78.84% in Q2 2025, and up 25.24% quarter-over-quarter from 11.96% in Q1 2026.
Analysis
Waste Connections (WCN) EBT Margin (2015 - 2026) Analysis & Trends
Waste Connections has disclosed EBT Margin across 12 years of filings, most recently posting 14.98% for Q2 2026.
- In Q2 2026, EBT Margin fell 119.0% year-over-year to 14.98%; the TTM figure through Jun 2026 stood at 14.17% (up 528.0% YoY), while the FY2025 annual figure was 14.98%, up 642.0% from the prior year.
- EBT Margin came in at 14.98% for Q2 2026 at Waste Connections, up from 11.96% 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.
- Average EBT Margin over 5 years is 12.69%, with a median of 14.1% recorded in 2023.
- Year-over-year, EBT Margin tumbled 2039 bps in 2024 and jumped 2683 bps in 2025.
- Over 5 years, EBT Margin stood at 13.45% in 2022, then sank by 41 bps to 7.93% in 2023, then sank by 257 bps to 12.46% in 2024, then soared by 215 bps to 14.37% in 2025, then gained by 4 bps to 14.98% in 2026.
- Per Business Quant data, the three most recent EBT Margin figures were 14.98% in Q2 2026, 11.96% in Q1 2026, and 14.37% in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBT Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Waste Management | 86.70 Bn | 86.15 Bn | 2.73 Bn | 15.32% |
| 2 | Republic Services | 68.30 Bn | 68.20 Bn | 1.87 Bn | 15.78% |
| 3 | Waste Connections | 40.78 Bn | 40.69 Bn | 1.08 Bn | 14.98% |
| 4 | GFL Environmental | 15.50 Bn | 15.31 Bn | 385.80 Mn | -9.45% |
| 5 | Casella Waste Systems | 5.77 Bn | 5.74 Bn | 178.80 Mn | 0.62% |
| 6 | Comstock | 230.47 Mn | 230.47 Mn | -896,073.00 | -9,797.26% |
| 7 | Quest Resource Holding | 30.08 Mn | 29.06 Mn | 10.43 Mn | -19.00% |
| 8 | ReTo Eco-Solutions | 52,556.85 | -5.98 Bn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 14.98% |
| 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% |