Waste Connections (WCN) Net Margin (2015 - 2026)
Waste Connections (WCN) posted Net Margin of 11.57% for Q2 2026, down 0.49 percentage points from 12.06% a year earlier but up 2.32 percentage points from the prior quarter.
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Analysis
Waste Connections (WCN) Net Margin (2015 - 2026) Analysis & Trends
For the trailing twelve months through Jun 30, 2026, Net Margin at Waste Connections was 10.86%, up 3.89 percentage points year-over-year; for FY2025, it came in at 11.37%, up 4.45 percentage points from FY2024.
- Annual Net Margin shows a five-year change of +7.61 percentage points (FY2020 to FY2025).
- In prior years, Waste Connections' Net Margin was 6.92% in FY2024 (-2.59 pp), 9.51% in FY2023 (-2.08 pp), 11.59% in FY2022 (+1.54 pp) and 10.05% in FY2021 (+6.29 pp).
- Quarterly Net Margin has run from a low of -8.67% in Q4 2024 to a high of 13.17% in Q3 2024 over five years.
- On a year-over-year basis, Net Margin increased in two of the last eight quarters, with an average year-over-year change of +0.34 percentage points.
- The strongest year-over-year quarter for Net Margin in the past five years was Q4 2025, with a gain of 19.56 percentage points; the weakest was Q4 2024, with a drop of 14.90 percentage points.
- According to Business Quant data, Net Margin for the three prior quarters was 9.25% (Q1 2026), 10.89% (Q4 2025) and 11.64% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Waste Management | 82.84 Bn | 81.75 Bn | 2.73 Bn | 11.74% |
| 2 | Republic Services | 64.88 Bn | 64.50 Bn | 1.87 Bn | 12.78% |
| 3 | Waste Connections | 39.22 Bn | 38.85 Bn | 1.08 Bn | 11.57% |
| 4 | Clean Harbors | 16.45 Bn | 13.46 Bn | 608.78 Mn | 9.82% |
| 5 | GFL Environmental | 15.66 Bn | 13.34 Bn | 385.80 Mn | 18.91% |
| 6 | Casella Waste Systems | 5.02 Bn | 4.14 Bn | 178.80 Mn | 0.69% |
| 7 | Onterris | 495.05 Mn | 454.32 Mn | 82.26 Mn | 0.73% |
| 8 | Perma Fix Environmental Services | 326.81 Mn | 218.37 Mn | -2.50 Mn | -48.12% |
| 9 | Deep Isolation Nuclear | 204.72 Mn | 204.72 Mn | 707,000.00 | -230.17% |
| 10 | Comstock | 179.25 Mn | 182.57 Mn | -896,073.00 | -9,335.10% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 11.57% |
| Mar 31, 2026 | 9.25% |
| Dec 31, 2025 | 10.89% |
| Sep 30, 2025 | 11.64% |
| Jun 30, 2025 | 12.06% |
| Mar 31, 2025 | 10.84% |
| Dec 31, 2024 | -8.67% |
| Sep 30, 2024 | 13.17% |
| Jun 30, 2024 | 12.25% |
| Mar 31, 2024 | 11.10% |
| Dec 31, 2023 | 6.23% |
| Sep 30, 2023 | 11.09% |
| Jun 30, 2023 | 10.35% |
| Mar 31, 2023 | 10.41% |
| Dec 31, 2022 | 10.40% |
| Sep 30, 2022 | 12.60% |
| Jun 30, 2022 | 12.34% |
| Mar 31, 2022 | 10.95% |
| Dec 31, 2021 | 10.24% |
| Sep 30, 2021 | 7.16% |
API Access
Waste Connections Net Margin 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=net-margin&ticker=WCN&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "net-margin", "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=net-margin&ticker=WCN&period=max&api_key=YOUR_API_KEY");
const data = await res.json();