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

Waste Connections has disclosed Gross Margin across 12 years of filings, most recently posting 42.58% for Q1 2026.

• Gross Margin for Q1 2026 came in at 42.58%, up 54.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 42.5% (up 48.0% YoY), and the FY2025 annual result was 42.37%, up 58.0% from the prior year.
• Gross Margin came in at 42.58% for Q1 2026 at Waste Connections, roughly flat from 42.52% in the prior quarter.
• In the past five years, Gross Margin ranged from a high of 42.77% in Q3 2025 to a low of 39.12% in Q4 2022.
• The 5-year median for Gross Margin is 41.39% (2024), against an average of 41.29%.
• Across the five-year window, Gross Margin plunged 114 bps in 2022 and surged 214 bps in 2023, its largest moves.
• Waste Connections' Gross Margin stood at 39.12% in 2022, then grew by 5 bps to 41.26% in 2023, then grew by 0 bps to 41.39% in 2024, then advanced by 3 bps to 42.52% in 2025, then advanced by 0 bps to 42.58% in 2026.
• The last three Gross Margin figures came in at 42.58% (Q1 2026), 42.52% (Q4 2025), and 42.77% (Q3 2025), per Business Quant data.