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
DateValue
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%