Waste Connections (WCN) Gross Margin (2015 - 2026)
Waste Connections (WCN) posted Gross Margin of 42.25% for Q2 2026, down 0.78% sequentially from 42.58% in Q1 2026, and up 12.0% YoY from 37.73% in Q2 2025.
Waste Connections (WCN) Gross Margin (2015 - 2026) Analysis & Trends
Waste Connections has reported Gross Margin for 12 years, with the latest figure at 42.25% in Q2 2026.
- Quarterly Gross Margin rose 12.0% year-over-year to 42.25% in Q2 2026, while the trailing twelve-month figure through Jun 2026 was 42.53% (up 50.0% YoY) and the FY2025 annual result came in at 42.37%, up 58.0% from the prior year.
- Gross Margin slipped to 42.25% in Q2 2026 per WCN's latest filing, from 42.58% in the prior quarter.
- Over five years, Gross Margin peaked at 42.77% in Q3 2025 and troughed at 39.12% in Q4 2022.
- A 5-year average of 41.35% and a median of 41.52% in 2023 frame the typical range for Gross Margin.
- The sharpest annual moves came in 2022 and 2023: Gross Margin plunged 114 bps in 2022, then jumped 214 bps in 2023.
- Over 5 years, Gross Margin stood at 39.12% in 2022, then rose by 5 bps to 41.26% in 2023, then rose by 0 bps to 41.39% in 2024, then grew by 3 bps to 42.52% in 2025, then declined by 1 bps to 42.25% in 2026.
- According to Business Quant data, Gross Margin over the past three periods registered 42.25%, 42.58%, and 42.52% for Q2 2026, Q1 2026, and Q4 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Waste Management | 89.99 Bn | 89.43 Bn | 2.73 Bn | 40.83% |
| 2 | Republic Services | 67.72 Bn | 67.61 Bn | 1.87 Bn | 42.14% |
| 3 | Waste Connections | 42.89 Bn | 42.79 Bn | 1.08 Bn | 42.25% |
| 4 | Clean Harbors | 16.73 Bn | 16.21 Bn | 608.78 Mn | 35.09% |
| 5 | GFL Environmental | 14.89 Bn | 14.70 Bn | 278.90 Mn | 19.81% |
| 6 | Casella Waste Systems | 5.90 Bn | 5.87 Bn | 178.80 Mn | 32.88% |
| 7 | Sino Green Land | 972.56 Mn | 972.48 Mn | -78,936.00 | -23.58% |
| 8 | Onterris | 566.81 Mn | 553.11 Mn | 82.26 Mn | 44.07% |
| 9 | Perma Fix Environmental Services | 339.86 Mn | 305.91 Mn | -2.50 Mn | -19.43% |
| 10 | American Battery Technology | 336.89 Mn | 297.61 Mn | 737,749.00 | 9.44% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 42.25% |
| Mar 31, 2026 | 42.58% |
| Dec 31, 2025 | 42.52% |
| Sep 30, 2025 | 42.77% |
| Jun 30, 2025 | 42.13% |
| Mar 31, 2025 | 42.04% |
| Dec 31, 2024 | 41.39% |
| Sep 30, 2024 | 42.52% |
| Jun 30, 2024 | 42.13% |
| Mar 31, 2024 | 41.05% |
| Dec 31, 2023 | 41.26% |
| Sep 30, 2023 | 41.66% |
| Jun 30, 2023 | 40.76% |
| Mar 31, 2023 | 39.65% |
| Dec 31, 2022 | 39.12% |
| Sep 30, 2022 | 40.39% |
| Jun 30, 2022 | 40.11% |
| Mar 31, 2022 | 39.89% |
| Dec 31, 2021 | 39.61% |
| Sep 30, 2021 | 40.76% |