Waste Connections (WCN) Return on Capital Employed (2016 - 2026)
Waste Connections' (WCN) quarterly Return on Capital Employed came in at 8.79% in Q1 2026, up 280.0% year-on-year from 2.31% in Q1 2025, and down 3.17% quarter-over-quarter from 9.08% in Q4 2025.
Waste Connections (WCN) Return on Capital Employed (2016 - 2026) Analysis & Trends
Waste Connections has disclosed Return on Capital Employed across 11 years of filings, most recently posting 8.79% for Q1 2026.
- Return on Capital Employed for Q1 2026 came in at 8.79%, up 280.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 8.79% (up 280.0% YoY), and the FY2025 annual result was 9.32%, up 304.0% from the prior year.
- Return on Capital Employed came in at 8.79% for Q1 2026 at Waste Connections, down from 9.08% in the prior quarter.
- In the past five years, Return on Capital Employed ranged from a high of 9.08% in Q4 2025 to a low of 5.85% in Q3 2025.
- The 5-year median for Return on Capital Employed is 8.08% (2022), against an average of 7.65%.
- Across the five-year window, Return on Capital Employed soared 443 bps in 2022 and plunged 246 bps in 2025, its largest moves.
- Waste Connections' Return on Capital Employed stood at 8.22% in 2022, then slipped by 7 bps to 7.66% in 2023, then fell by 23 bps to 5.91% in 2024, then soared by 54 bps to 9.08% in 2025, then dropped by 3 bps to 8.79% in 2026.
- The last three Return on Capital Employed figures came in at 8.79% (Q1 2026), 9.08% (Q4 2025), and 5.85% (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | GFL Environmental | 252.38 Bn | 252.50 Bn | 218.62 Mn | -1.20% |
| 2 | Waste Connections | 40.24 Bn | 40.13 Bn | 1.01 Bn | 8.79% |
| 3 | Clean Harbors | 15.26 Bn | 14.59 Bn | 445.42 Mn | 10.40% |
| 4 | Casella Waste Systems | 5.57 Bn | 5.43 Bn | 148.40 Mn | 2.16% |
| 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 | -56.67% |
| 8 | Waste Management | 198.93 Mn | 41.93 Mn | 2.53 Bn | 10.85% |
| 9 | Perma Fix Environmental Services | 184.86 Mn | 164.86 Mn | -2.88 Mn | -9.76% |
| 10 | One & one Green Technologies | 144.62 Mn | 143.66 Mn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 8.79% |
| Dec 31, 2025 | 9.08% |
| Sep 30, 2025 | 5.85% |
| Jun 30, 2025 | 6.10% |
| Mar 31, 2025 | 5.99% |
| Dec 31, 2024 | 5.91% |
| Sep 30, 2024 | 8.31% |
| Jun 30, 2024 | 7.86% |
| Mar 31, 2024 | 7.64% |
| Dec 31, 2023 | 7.66% |
| Sep 30, 2023 | 8.29% |
| Jun 30, 2023 | 8.20% |
| Mar 31, 2023 | 8.12% |
| Dec 31, 2022 | 8.22% |
| Sep 30, 2022 | 8.19% |
| Jun 30, 2022 | 8.08% |
| Mar 31, 2022 | 7.79% |
| Dec 31, 2021 | 7.84% |
| Sep 30, 2021 | 7.57% |
| Jun 30, 2021 | 7.19% |