Waste Connections (WCN) Free Cash Flow (2015 - 2026)

Waste Connections' (WCN) quarterly Free Cash Flow came in at $249.0 million in Q1 2026, down 24.33% year-on-year from $329.1 million in Q1 2025, and up 44.28% quarter-over-quarter from $172.6 million in Q4 2025.

Waste Connections (WCN) Free Cash Flow (2015 - 2026) Analysis & Trends

Waste Connections has disclosed Free Cash Flow across 12 years of filings, most recently posting $249.0 million for Q1 2026.

  • Free Cash Flow for Q1 2026 came in at $249.0 million, down 24.33% year-over-year; the trailing twelve-month figure through Mar 2026 was $1.2 billion (down 2.28% YoY), and the FY2025 annual result was $1.2 billion, up 5.28% from the prior year.
  • Free Cash Flow came in at $249.0 million for Q1 2026 at Waste Connections, up from $172.6 million in the prior quarter.
  • In the past five years, Free Cash Flow ranged from a high of $1.1 billion in Q4 2023 to a low of $172.2 million in Q4 2024.
  • The 5-year median for Free Cash Flow is $313.7 million (2022), against an average of $341.3 million.
  • Across the five-year window, Free Cash Flow surged 373.63% in 2023 and tumbled 84.05% in 2024, its largest moves.
  • Waste Connections' Free Cash Flow stood at $228.0 million in 2022, then soared by 373.63% to $1.1 billion in 2023, then sank by 84.05% to $172.2 million in 2024, then advanced by 0.2% to $172.6 million in 2025, then jumped by 44.28% to $249.0 million in 2026.
  • The last three Free Cash Flow figures came in at $249.0 million (Q1 2026), $172.6 million (Q4 2025), and $380.3 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Free Cash Flow (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 249.00 Mn
3 Clean Harbors 15.26 Bn 14.59 Bn 445.42 Mn -92.15 Mn
4 Casella Waste Systems 5.57 Bn 5.43 Bn 148.40 Mn 12.27 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 -9.42 Mn
8 Waste Management 198.93 Mn 41.93 Mn 2.53 Bn 851.00 Mn
9 Perma Fix Environmental Services 184.86 Mn 164.86 Mn -2.88 Mn -4.64 Mn
10 One & one Green Technologies 144.62 Mn 143.66 Mn - -

Historic Data

Download Data
DateValue
Mar 31, 2026 249.00 Mn
Mar 31, 2026 249.00 Mn
Dec 31, 2025 172.59 Mn
Dec 31, 2025 172.59 Mn
Sep 30, 2025 380.28 Mn
Sep 30, 2025 380.28 Mn
Jun 30, 2025 352.89 Mn
Jun 30, 2025 352.89 Mn
Mar 31, 2025 329.08 Mn
Mar 31, 2025 329.08 Mn
Dec 31, 2024 172.24 Mn
Dec 31, 2024 172.24 Mn
Sep 30, 2024 286.18 Mn
Sep 30, 2024 286.18 Mn
Jun 30, 2024 394.16 Mn
Jun 30, 2024 394.16 Mn
Mar 31, 2024 320.36 Mn
Mar 31, 2024 320.36 Mn
Dec 31, 2023 1.08 Bn
Dec 31, 2023 1.08 Bn