Waste Connections (WCN) FCF Margin (2015 - 2026)

Waste Connections has disclosed FCF Margin across 12 years of filings, most recently posting 16.82% for Q2 2026.

• In Q2 2026, FCF Margin rose 216.0% year-over-year to 16.82%; the TTM figure through Jun 2026 stood at 12.63% (up 28.0% YoY), while the FY2025 annual figure was 13.04%, down 11.0% from the prior year.
• FCF Margin came in at 16.82% for Q2 2026 at Waste Connections, up from 10.5% in the prior quarter.
• In the past five years, FCF Margin ranged from a high of 17.61% in Q2 2023 to a low of 7.27% in Q4 2025.
• Average FCF Margin over 5 years is 14.09%, with a median of 14.82% recorded in 2025.
• Year-over-year, FCF Margin jumped 323 bps in 2025 and slumped 427 bps in 2026.
• Over 5 years, FCF Margin stood at 12.2% in 2022, then decreased by 4 bps to 11.67% in 2023, then slumped by 35 bps to 7.62% in 2024, then dropped by 5 bps to 7.27% in 2025, then soared by 131 bps to 16.82% in 2026.
• Per Business Quant data, the three most recent FCF Margin figures were 16.82% in Q2 2026, 10.5% in Q1 2026, and 7.27% in Q4 2025.