Waste Connections (WCN) FCF Payout Ratio (2015 - 2026)

Waste Connections' (WCN) quarterly FCF Payout Ratio came in at 0.36 in Q1 2026, up 43.95% year-on-year from 0.25 in Q1 2025, and down 31.55% quarter-over-quarter from 0.52 in Q4 2025.

Waste Connections (WCN) FCF Payout Ratio (2015 - 2026) Analysis & Trends

Waste Connections has disclosed FCF Payout Ratio across 12 years of filings, most recently posting 0.36 for Q1 2026.

  • FCF Payout Ratio for Q1 2026 came in at 0.36, up 43.95% year-over-year; the trailing twelve-month figure through Mar 2026 was 0.3 (up 12.53% YoY), and the FY2025 annual result was 0.27, up 4.9% from the prior year.
  • FCF Payout Ratio came in at 0.36 for Q1 2026 at Waste Connections, down from 0.52 in the prior quarter.
  • In the past five years, FCF Payout Ratio ranged from a high of 0.52 in Q4 2025 to a low of 0.07 in Q4 2023.
  • The 5-year median for FCF Payout Ratio is 0.23 (2024), against an average of 0.25.
  • Across the five-year window, FCF Payout Ratio sank 76.14% in 2023 and jumped 588.23% in 2024, its largest moves.
  • Waste Connections' FCF Payout Ratio stood at 0.29 in 2022, then tumbled by 76.14% to 0.07 in 2023, then surged by 588.23% to 0.47 in 2024, then gained by 10.71% to 0.52 in 2025, then tumbled by 31.55% to 0.36 in 2026.
  • The last three FCF Payout Ratio figures came in at 0.36 (Q1 2026), 0.52 (Q4 2025), and 0.21 (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) FCF Cover (Qtr)
1 GFL Environmental 252.38 Bn 252.50 Bn 218.62 Mn -
2 Waste Connections 40.24 Bn 40.13 Bn 1.01 Bn 0.36
3 Clean Harbors 15.26 Bn 14.59 Bn 445.42 Mn -
4 Casella Waste Systems 5.57 Bn 5.43 Bn 148.40 Mn -
5 Enviri 1.71 Bn 1.63 Bn - -
6 Onterris 613.85 Mn 602.80 Mn - -
7 American Battery Technology 425.23 Mn 386.75 Mn 737,749.00 -
8 Waste Management 198.93 Mn 41.93 Mn 2.53 Bn 0.45
9 Perma Fix Environmental Services 184.86 Mn 164.86 Mn -2.88 Mn -
10 One & one Green Technologies 144.62 Mn 143.66 Mn - -

Historic Data

Download Data
DateValue
Mar 31, 2026 0.36
Dec 31, 2025 0.52
Sep 30, 2025 0.21
Jun 30, 2025 0.23
Mar 31, 2025 0.25
Dec 31, 2024 0.47
Sep 30, 2024 0.26
Jun 30, 2024 0.19
Mar 31, 2024 0.23
Dec 31, 2023 0.07
Sep 30, 2023 0.20
Jun 30, 2023 0.18
Mar 31, 2023 0.25
Dec 31, 2022 0.29
Sep 30, 2022 0.21
Jun 30, 2022 0.19
Mar 31, 2022 0.21
Dec 31, 2021 0.36
Sep 30, 2021 0.25
Jun 30, 2021 0.20