Waste Connections (WCN) EV to CFO (2016 - 2026)
Waste Connections' (WCN) EV to CFO stood at 15.36 in Q3 2026, down 17.0% from 18.50 a year earlier and down 8.0% from the prior quarter.
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Analysis
Waste Connections (WCN) EV to CFO (2016 - 2026) Analysis & Trends
For FY2025, Waste Connections' EV to CFO came in at 18.55, down 6.5% from FY2024.
- Across earlier years, EV to CFO came in at 19.83 in FY2024 (+9.9%), 18.05 in FY2023 (+7.3%), 16.82 in FY2022 (-19.1%) and 20.80 in FY2021 (+11.2%).
- The Q3 2026 figure is the lowest quarterly EV to CFO since Q1 2020.
- On a year-over-year basis, EV to CFO has declined for five consecutive quarters, with an average decline of 7.1% over the last eight quarters.
- Peak year-over-year performance for EV to CFO in the last five years was growth of 26.0% in Q3 2024, against a decline of 22.8% in Q1 2026 at the low end.
- Per Business Quant, the preceding three quarters came in at 16.69 (Q2 2026), 17.03 (Q1 2026) and 18.55 (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Waste Management | 93.34 Bn | 92.18 Bn | 2.75 Bn |
| 2 | Republic Services | 75.09 Bn | 74.70 Bn | 1.90 Bn |
| 3 | Waste Connections | 47.35 Bn | 46.99 Bn | 1.14 Bn |
| 4 | GFL Environmental | 15.32 Bn | 15.00 Bn | - |
| 5 | Clean Harbors | 15.15 Bn | 12.49 Bn | 661.44 Mn |
| 6 | Casella Waste Systems | 5.92 Bn | 5.04 Bn | 178.80 Mn |
| 7 | Onterris | 802.59 Mn | 748.49 Mn | 88.27 Mn |
| 8 | Enviri | 690.70 Mn | 1.79 Mn | -162.22 Mn |
| 9 | Perma Fix Environmental Services | 316.78 Mn | 209.52 Mn | 552,000.00 |
| 10 | Comstock | 137.16 Mn | -3.62 Mn | -606,061.00 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 15.20 |
| Jun 30, 2026 | 16.69 |
| Mar 31, 2026 | 17.03 |
| Dec 31, 2025 | 18.55 |
| Sep 30, 2025 | 18.50 |
| Jun 30, 2025 | 20.86 |
| Mar 31, 2025 | 22.06 |
| Dec 31, 2024 | 19.83 |
| Sep 30, 2024 | 20.77 |
| Jun 30, 2024 | 20.42 |
| Mar 31, 2024 | 20.35 |
| Dec 31, 2023 | 18.05 |
| Sep 30, 2023 | 16.48 |
| Jun 30, 2023 | 17.78 |
| Mar 31, 2023 | 17.63 |
| Dec 31, 2022 | 16.82 |
| Sep 30, 2022 | 17.92 |
| Jun 30, 2022 | 17.36 |
| Mar 31, 2022 | 20.43 |
| Dec 31, 2021 | 20.80 |
API Access
Waste Connections EV to CFO 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=ev-to-cfo&ticker=WCN&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ev-to-cfo", "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=ev-to-cfo&ticker=WCN&period=max&api_key=YOUR_API_KEY");
const data = await res.json();