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Asset Utilization RatioAssets AverageDebt RatioDebt to EquityEBIT MarginEBITDA MarginEBT MarginEnterprise ValueEquity AverageEquity RatioFCF MarginFCF Payout RatioGross MarginInterest Coverage RatioInvested CapitalNet MarginOperating MarginReturn on AssetsReturn on Capital EmployedReturn on EquityReturn on Invested CapitalReturn on SalesTimes Interest Earned

Waste Connections (WCN) Operating Margin (2016 - 2026)

Waste Connections has reported Operating Margin over the past 12 years, most recently at 15.36% for Q1 2026.

  • Quarterly Operating Margin fell 215.0% to 15.36% in Q1 2026 from the year-ago period, while the trailing twelve-month figure was 17.53% through Mar 2026, up 550.0% year-over-year, with the annual reading at 18.06% for FY2025, 609.0% up from the prior year.
  • Operating Margin was 15.36% for Q1 2026 at Waste Connections, down from 17.73% in the prior quarter.
  • Over five years, Operating Margin peaked at 20.33% in Q3 2024 and troughed at 8.81% in Q4 2024.
  • The 5-year median for Operating Margin is 17.38% (2022), against an average of 15.66%.
  • Biggest five-year swings in Operating Margin: crashed -1984bps in 2024 and later surged 2654bps in 2025.
  • Tracing WCN's Operating Margin over 5 years: stood at 16.69% in 2022, then tumbled by -34bps to 11.03% in 2023, then tumbled by -180bps to 8.81% in 2024, then surged by 301bps to 17.73% in 2025, then fell by -13bps to 15.36% in 2026.
  • According to Business Quant data, Operating Margin over the past three periods came in at 15.36%, 17.73%, and 17.88% for Q1 2026, Q4 2025, and Q3 2025 respectively.