Waste Connections (WCN) Net Margin (2015 - 2026)
Waste Connections (WCN) posted Net Margin of 11.57% for Q2 2026, up 25.24% sequentially from 9.24% in Q1 2026, and down 38.0% YoY from 18.66% in Q2 2025.
Waste Connections (WCN) Net Margin (2015 - 2026) Analysis & Trends
Waste Connections has reported Net Margin for 12 years, with the latest figure at 11.57% in Q2 2026.
- Quarterly Net Margin fell 38.0% year-over-year to 11.57% in Q2 2026, while the trailing twelve-month figure through Jun 2026 was 10.86% (up 456.0% YoY) and the FY2025 annual result came in at 11.37%, up 510.0% from the prior year.
- Net Margin advanced to 11.57% in Q2 2026 per WCN's latest filing, from 9.24% in the prior quarter.
- Over five years, Net Margin peaked at 13.17% in Q3 2024 and troughed at 11.21% in Q4 2024.
- A 5-year average of 9.74% and a median of 11.0% in 2023 frame the typical range for Net Margin.
- The sharpest annual moves came in 2024 and 2025: Net Margin plunged 1743 bps in 2024, then surged 2210 bps in 2025.
- Over 5 years, 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 surged by 197 bps to 10.89% in 2025, then advanced by 6 bps to 11.57% in 2026.
- According to Business Quant data, Net Margin over the past three periods registered 11.57%, 9.24%, and 10.89% for Q2 2026, Q1 2026, and Q4 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Waste Management | 90.39 Bn | 89.83 Bn | 2.73 Bn | 11.76% |
| 2 | Republic Services | 67.62 Bn | 67.51 Bn | 1.87 Bn | 12.78% |
| 3 | Waste Connections | 42.71 Bn | 42.61 Bn | 1.08 Bn | 11.57% |
| 4 | Clean Harbors | 17.07 Bn | 16.56 Bn | 608.78 Mn | 9.82% |
| 5 | GFL Environmental | 14.89 Bn | 14.70 Bn | 278.90 Mn | 11.35% |
| 6 | Casella Waste Systems | 5.91 Bn | 5.89 Bn | 178.80 Mn | 0.69% |
| 7 | Sino Green Land | 646.75 Mn | 646.67 Mn | -78,936.00 | -91.41% |
| 8 | Onterris | 529.21 Mn | 515.52 Mn | 82.26 Mn | 0.73% |
| 9 | Perma Fix Environmental Services | 334.90 Mn | 300.95 Mn | -2.50 Mn | -48.12% |
| 10 | American Battery Technology | 307.22 Mn | 267.94 Mn | 737,749.00 | -436.17% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 11.57% |
| Mar 31, 2026 | 9.24% |
| Dec 31, 2025 | 10.89% |
| Sep 30, 2025 | 11.64% |
| Jun 30, 2025 | 11.96% |
| Mar 31, 2025 | 10.73% |
| Dec 31, 2024 | -11.21% |
| Sep 30, 2024 | 13.17% |
| Jun 30, 2024 | 12.07% |
| Mar 31, 2024 | 10.86% |
| Dec 31, 2023 | 6.22% |
| Sep 30, 2023 | 11.10% |
| Jun 30, 2023 | 10.18% |
| Mar 31, 2023 | 10.25% |
| Dec 31, 2022 | 10.39% |
| Sep 30, 2022 | 12.61% |
| Jun 30, 2022 | 12.49% |
| Mar 31, 2022 | 11.17% |
| Dec 31, 2021 | 10.25% |
| Sep 30, 2021 | 7.18% |