Waste Connections (WCN) Operating Income (2015 - 2026)
Waste Connections' (WCN) quarterly Operating Income came in at $364.1 million in Q1 2026, down 6.7% year-on-year from $390.2 million in Q1 2025, and down 13.48% quarter-over-quarter from $420.8 million in Q4 2025.
Waste Connections (WCN) Operating Income (2015 - 2026) Analysis & Trends
Waste Connections has disclosed Operating Income across 12 years of filings, most recently posting $364.1 million for Q1 2026.
- Operating Income for Q1 2026 came in at $364.1 million, down 6.7% year-over-year; the trailing twelve-month figure through Mar 2026 was $1.7 billion (up 54.35% YoY), and the FY2025 annual result was $1.7 billion, up 60.18% from the prior year.
- Operating Income came in at $364.1 million for Q1 2026 at Waste Connections, down from $420.8 million in the prior quarter.
- In the past five years, Operating Income ranged from a high of $475.3 million in Q3 2024 to a low of -$199.2 million in Q4 2024.
- The 5-year median for Operating Income is $353.0 million (2023), against an average of $330.6 million.
- Across the five-year window, Operating Income tumbled 188.72% in 2024 and soared 311.27% in 2025, its largest moves.
- Waste Connections' Operating Income stood at $312.0 million in 2022, then dropped by 28.03% to $224.5 million in 2023, then slumped by 188.72% to -$199.2 million in 2024, then jumped by 311.27% to $420.8 million in 2025, then slipped by 13.48% to $364.1 million in 2026.
- The last three Operating Income figures came in at $364.1 million (Q1 2026), $420.8 million (Q4 2025), and $439.6 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Op. Inc (Qtr) |
|---|---|---|---|---|---|
| 1 | GFL Environmental | 252.38 Bn | 252.50 Bn | 218.62 Mn | -181.94 Mn |
| 2 | Waste Connections | 40.24 Bn | 40.13 Bn | 1.01 Bn | 364.08 Mn |
| 3 | Clean Harbors | 15.26 Bn | 14.59 Bn | 445.42 Mn | 118.94 Mn |
| 4 | Casella Waste Systems | 5.57 Bn | 5.43 Bn | 148.40 Mn | 4.86 Mn |
| 5 | Enviri | 1.71 Bn | 1.63 Bn | - | - |
| 6 | Onterris | 613.85 Mn | 602.80 Mn | - | - |
| 7 | American Battery Technology | 425.23 Mn | 386.75 Mn | 737,749.00 | -34.41 Mn |
| 8 | Waste Management | 198.93 Mn | 41.93 Mn | 2.53 Bn | 1.11 Bn |
| 9 | Perma Fix Environmental Services | 184.86 Mn | 164.86 Mn | -2.88 Mn | -7.48 Mn |
| 10 | One & one Green Technologies | 144.62 Mn | 143.66 Mn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 364.08 Mn |
| Dec 31, 2025 | 420.83 Mn |
| Sep 30, 2025 | 439.59 Mn |
| Jun 30, 2025 | 459.55 Mn |
| Mar 31, 2025 | 390.21 Mn |
| Dec 31, 2024 | -199.19 Mn |
| Sep 30, 2024 | 475.34 Mn |
| Jun 30, 2024 | 424.71 Mn |
| Mar 31, 2024 | 366.80 Mn |
| Dec 31, 2023 | 224.52 Mn |
| Sep 30, 2023 | 352.98 Mn |
| Jun 30, 2023 | 344.13 Mn |
| Mar 31, 2023 | 314.69 Mn |
| Dec 31, 2022 | 311.97 Mn |
| Sep 30, 2022 | 326.77 Mn |
| Jun 30, 2022 | 329.59 Mn |
| Mar 31, 2022 | 273.86 Mn |
| Dec 31, 2021 | 249.32 Mn |
| Sep 30, 2021 | 285.14 Mn |
| Jun 30, 2021 | 266.79 Mn |