Waste Connections (WCN) EV to EBITDA (2016 - 2026)
Waste Connections' EV to EBITDA came in at 13.34 for Q2 2026, down 29.3% from 18.87 a year earlier but up 2.0% from the prior quarter.
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Analysis
Waste Connections (WCN) EV to EBITDA (2016 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Waste Connections reported EV to EBITDA of 13.25, down 29.4% year-over-year; for FY2025, it was 14.21, down 21.9% from FY2024.
- Going back by year, EV to EBITDA was 18.18 in FY2024 (+13.9%), 15.97 in FY2023 (+9.0%), 14.65 in FY2022 (-17.2%) and 17.68 in FY2021 (-12.5%).
- The five-year range for quarterly EV to EBITDA is 13.07 (Q1 2026) to 20.23 (Q1 2025).
- Year-over-year, EV to EBITDA has declined for three consecutive quarters, with an average decline of 6.1% over the last eight quarters.
- The fastest year-over-year change in EV to EBITDA over five years came in Q1 2024 (growth of 17.4%), and the weakest in Q1 2026 (a decline of 35.4%).
- Business Quant data shows WCN's EV to EBITDA at 13.07 (Q1 2026), 14.21 (Q4 2025) and 17.65 (Q3 2025) in the three quarters before Q2 2026.
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 | 11.76 |
| Jun 30, 2026 | 13.34 |
| Mar 31, 2026 | 13.07 |
| Dec 31, 2025 | 14.21 |
| Sep 30, 2025 | 17.65 |
| Jun 30, 2025 | 18.87 |
| Mar 31, 2025 | 20.23 |
| Dec 31, 2024 | 18.18 |
| Sep 30, 2024 | 16.88 |
| Jun 30, 2024 | 17.93 |
| Mar 31, 2024 | 18.75 |
| Dec 31, 2023 | 17.09 |
| Sep 30, 2023 | 14.85 |
| Jun 30, 2023 | 16.15 |
| Mar 31, 2023 | 15.97 |
| Dec 31, 2022 | 15.70 |
| Sep 30, 2022 | 16.65 |
| Jun 30, 2022 | 15.76 |
| Mar 31, 2022 | 18.50 |
| Dec 31, 2021 | 19.01 |
API Access
Waste Connections EV to EBITDA 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-ebitda&ticker=WCN&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ev-to-ebitda", "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-ebitda&ticker=WCN&period=max&api_key=YOUR_API_KEY");
const data = await res.json();