Waste Connections (WCN) Invested Capital (2010 - 2026)
Waste Connections' Invested Capital came in at $17.24 billion for Q2 2026, up 3.2% from $16.71 billion a year earlier and up 0.4% from the prior quarter.
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Analysis
Waste Connections (WCN) Invested Capital (2010 - 2026) Analysis & Trends
For FY2025, Waste Connections' Invested Capital was $17.08 billion, up 7.0% from FY2024.
- Invested Capital has increased in each of the last 14 years, with a five-year compound annual growth rate of 8.0% (FY2020 to FY2025).
- Going back by year, Invested Capital was $15.96 billion in FY2024 (+10.3%), $14.46 billion in FY2023 (+3.1%), $14.03 billion in FY2022 (+16.3%) and $12.06 billion in FY2021 (+4.0%).
- The Q2 2026 figure represents the highest quarterly Invested Capital in data going back to Q4 2010.
- Year-over-year, Invested Capital has increased for 21 consecutive quarters, with growth averaging 6.5% over the last eight quarters.
- The year-over-year growth in Invested Capital has ranged between 1.8% (Q3 2025) and 16.3% (Q4 2022) over the last five years.
- Business Quant data shows WCN's Invested Capital at $17.17 billion (Q1 2026), $17.08 billion (Q4 2025) and $16.74 billion (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Invested Cap. (Qtr) |
|---|---|---|---|---|---|
| 1 | Waste Management | 80.76 Bn | 79.67 Bn | 2.73 Bn | 33.31 Bn |
| 2 | Republic Services | 63.36 Bn | 62.98 Bn | 1.87 Bn | 26.10 Bn |
| 3 | Waste Connections | 38.00 Bn | 37.62 Bn | 1.08 Bn | 17.24 Bn |
| 4 | Clean Harbors | 16.50 Bn | 13.51 Bn | 608.78 Mn | 5.70 Bn |
| 5 | GFL Environmental | 15.00 Bn | 12.68 Bn | 385.80 Mn | 17.14 Bn |
| 6 | Casella Waste Systems | 4.89 Bn | 4.01 Bn | 178.80 Mn | 2.93 Bn |
| 7 | Onterris | 446.25 Mn | 405.52 Mn | 82.26 Mn | 779.39 Mn |
| 8 | Perma Fix Environmental Services | 326.81 Mn | 218.37 Mn | -2.50 Mn | 60.31 Mn |
| 9 | Deep Isolation Nuclear | 201.83 Mn | 201.83 Mn | 707,000.00 | - |
| 10 | Comstock | 171.65 Mn | 174.97 Mn | -896,073.00 | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 17.24 Bn |
| Mar 31, 2026 | 17.17 Bn |
| Dec 31, 2025 | 17.08 Bn |
| Sep 30, 2025 | 16.74 Bn |
| Jun 30, 2025 | 16.71 Bn |
| Mar 31, 2025 | 16.42 Bn |
| Dec 31, 2024 | 15.96 Bn |
| Sep 30, 2024 | 16.44 Bn |
| Jun 30, 2024 | 15.71 Bn |
| Mar 31, 2024 | 15.62 Bn |
| Dec 31, 2023 | 14.46 Bn |
| Sep 30, 2023 | 14.44 Bn |
| Jun 30, 2023 | 14.17 Bn |
| Mar 31, 2023 | 14.19 Bn |
| Dec 31, 2022 | 14.03 Bn |
| Sep 30, 2022 | 13.17 Bn |
| Jun 30, 2022 | 12.53 Bn |
| Mar 31, 2022 | 12.62 Bn |
| Dec 31, 2021 | 12.06 Bn |
| Sep 30, 2021 | 11.77 Bn |
API Access
Waste Connections Invested Capital API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=invested-capital&ticker=WCN&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "invested-capital", "ticker": "WCN", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=invested-capital&ticker=WCN&period=max&api_key=YOUR_API_KEY");
const data = await res.json();