Waste Connections (WCN) Operating Income (2015 - 2026)
Waste Connections' Operating Income was $541.75 million in Q3 2026, up 23.2% from $439.59 million a year earlier and up 23.8% from the prior quarter.
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Analysis
Waste Connections (WCN) Operating Income (2015 - 2026) Analysis & Trends
On a trailing twelve-month basis, Waste Connections' Operating Income was $1.76 billion through Sep 30, 2026, up 61.8% year-over-year; for FY2025, it came in at $1.71 billion, up 60.2% from FY2024.
- Operating Income shows a five-year compound annual growth rate of 32.9% (FY2020 to FY2025).
- In earlier years, Operating Income was $1.07 billion in FY2024 (-13.6%), $1.24 billion in FY2023 (-0.5%), $1.24 billion in FY2022 (+19.5%) and $1.04 billion in FY2021 (+152.1%).
- The Q3 2026 figure marks the highest quarterly Operating Income in data going back to Q2 2015.
- Compared with a year earlier, Operating Income was higher in three of the last six quarters, with growth averaging 3.1%.
- The best year-over-year quarter for Operating Income over five years was Q3 2024 (growth of 34.7%); the worst was Q4 2023 (a decline of 28.0%).
- Per Business Quant data, WCN's Operating Income in the three quarters before Q3 2026 was $437.55 million (Q2 2026), $364.08 million (Q1 2026) and $420.83 million (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Op. Inc (Qtr) |
|---|---|---|---|---|---|
| 1 | Waste Management | 93.34 Bn | 92.18 Bn | 2.75 Bn | 1.28 Bn |
| 2 | Republic Services | 75.09 Bn | 74.70 Bn | 1.90 Bn | 921.00 Mn |
| 3 | Waste Connections | 47.35 Bn | 46.99 Bn | 1.14 Bn | 541.75 Mn |
| 4 | GFL Environmental | 15.32 Bn | 15.00 Bn | - | - |
| 5 | Clean Harbors | 15.15 Bn | 12.49 Bn | 661.44 Mn | 318.11 Mn |
| 6 | Casella Waste Systems | 5.92 Bn | 5.04 Bn | 178.80 Mn | 19.96 Mn |
| 7 | Onterris | 802.59 Mn | 748.49 Mn | 88.27 Mn | 12.28 Mn |
| 8 | Enviri | 690.70 Mn | 1.79 Mn | -162.22 Mn | 23.55 Mn |
| 9 | Perma Fix Environmental Services | 316.78 Mn | 209.52 Mn | 552,000.00 | -3.67 Mn |
| 10 | Comstock | 137.16 Mn | -3.62 Mn | -606,061.00 | 2.16 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 541.75 Mn |
| Jun 30, 2026 | 437.55 Mn |
| 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 |
API Access
Waste Connections Operating Income 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=operating-income&ticker=WCN&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-income", "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=operating-income&ticker=WCN&period=max&api_key=YOUR_API_KEY");
const data = await res.json();