Growth Metrics

Waste Connections (WCN) FCF Margin (2016 - 2026)

Waste Connections has reported FCF Margin over the past 12 years, most recently at 10.5% for Q1 2026.

  • Quarterly FCF Margin fell 427.0% to 10.5% in Q1 2026 from the year-ago period, while the trailing twelve-month figure was 12.02% through Mar 2026, down 100.0% year-over-year, with the annual reading at 13.04% for FY2025, 11.0% down from the prior year.
  • FCF Margin was 10.5% for Q1 2026 at Waste Connections, up from 7.27% in the prior quarter.
  • Over five years, FCF Margin peaked at 53.05% in Q4 2023 and troughed at 7.27% in Q4 2025.
  • The 5-year median for FCF Margin is 14.87% (2022), against an average of 16.36%.
  • Biggest five-year swings in FCF Margin: surged 4085bps in 2023 and later plummeted -4543bps in 2024.
  • Tracing WCN's FCF Margin over 5 years: stood at 12.2% in 2022, then skyrocketed by 335bps to 53.05% in 2023, then tumbled by -86bps to 7.62% in 2024, then dropped by -5bps to 7.27% in 2025, then surged by 44bps to 10.5% in 2026.
  • According to Business Quant data, FCF Margin over the past three periods came in at 10.5%, 7.27%, and 15.47% for Q1 2026, Q4 2025, and Q3 2025 respectively.