Waste Connections (WCN) EV to FCF (2016 - 2026)
Waste Connections' EV to FCF was 34.01 in Q2 2026, down 19.4% from 42.20 a year earlier and down 4.6% from the prior quarter.
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Analysis
Waste Connections (WCN) EV to FCF (2016 - 2026) Analysis & Trends
On a trailing twelve-month basis, Waste Connections' EV to FCF was 33.79 through Jun 30, 2026, down 19.4% year-over-year; for FY2025, it came in at 36.26, down 3.8% from FY2024.
- In earlier years, EV to FCF was 37.69 in FY2024 (+17.1%), 32.17 in FY2023 (+5.0%), 30.65 in FY2022 (-17.2%) and 37.02 in FY2021 (+14.0%).
- The Q2 2026 figure marks the lowest quarterly EV to FCF since Q4 2023.
- Compared with a year earlier, EV to FCF has declined for four straight quarters, with growth averaging 5.4% over the last eight quarters.
- The best year-over-year quarter for EV to FCF over five years was Q3 2021 (growth of 34.9%); the worst was Q2 2026 (a decline of 19.4%).
- Per Business Quant data, WCN's EV to FCF in the three quarters before Q2 2026 was 35.66 (Q1 2026), 36.26 (Q4 2025) and 36.36 (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Waste Management | 81.64 Bn | 80.55 Bn | 2.73 Bn |
| 2 | Republic Services | 64.27 Bn | 63.89 Bn | 1.87 Bn |
| 3 | Waste Connections | 38.82 Bn | 38.45 Bn | 1.08 Bn |
| 4 | Clean Harbors | 16.38 Bn | 13.39 Bn | 608.78 Mn |
| 5 | GFL Environmental | 15.51 Bn | 13.19 Bn | 385.80 Mn |
| 6 | Casella Waste Systems | 5.03 Bn | 4.15 Bn | 178.80 Mn |
| 7 | Onterris | 470.12 Mn | 429.40 Mn | 82.26 Mn |
| 8 | Perma Fix Environmental Services | 331.90 Mn | 223.46 Mn | -2.50 Mn |
| 9 | Deep Isolation Nuclear | 182.23 Mn | 182.23 Mn | 707,000.00 |
| 10 | Comstock | 177.73 Mn | 181.05 Mn | -896,073.00 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 34.01 |
| Mar 31, 2026 | 35.66 |
| Dec 31, 2025 | 36.26 |
| Sep 30, 2025 | 36.36 |
| Jun 30, 2025 | 42.20 |
| Mar 31, 2025 | 42.58 |
| Dec 31, 2024 | 37.69 |
| Sep 30, 2024 | 37.17 |
| Jun 30, 2024 | 35.15 |
| Mar 31, 2024 | 35.51 |
| Dec 31, 2023 | 32.17 |
| Sep 30, 2023 | 29.16 |
| Jun 30, 2023 | 32.50 |
| Mar 31, 2023 | 32.80 |
| Dec 31, 2022 | 30.65 |
| Sep 30, 2022 | 33.05 |
| Jun 30, 2022 | 32.33 |
| Mar 31, 2022 | 37.84 |
| Dec 31, 2021 | 37.02 |
| Sep 30, 2021 | 38.78 |
API Access
Waste Connections EV to FCF 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-fcf&ticker=WCN&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ev-to-fcf", "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-fcf&ticker=WCN&period=max&api_key=YOUR_API_KEY");
const data = await res.json();