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

Waste Connections has disclosed Net Margin across 12 years of filings, most recently posting 9.25% for Q1 2026.

• Net Margin for Q1 2026 came in at 9.25%, down 159.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 10.97% (up 467.0% YoY), and the FY2025 annual result was 11.37%, up 510.0% from the prior year.
• Net Margin came in at 9.25% for Q1 2026 at Waste Connections, down from 10.89% in the prior quarter.
• In the past five years, Net Margin ranged from a high of 13.17% in Q3 2024 to a low of 11.21% in Q4 2024.
• The 5-year median for Net Margin is 10.96% (2022), against an average of 9.67%.
• Across the five-year window, Net Margin plunged 1743 bps in 2024 and soared 2210 bps in 2025, its largest moves.
• Waste Connections' Net Margin stood at 10.39% in 2022, then plunged by 40 bps to 6.22% in 2023, then sank by 280 bps to 11.21% in 2024, then soared by 197 bps to 10.89% in 2025, then declined by 15 bps to 9.25% in 2026.
• The last three Net Margin figures came in at 9.25% (Q1 2026), 10.89% (Q4 2025), and 11.64% (Q3 2025), per Business Quant data.