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| Date | Value |
|---|---|
| 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 |