Waste Connections (WCN) Return on Capital Employed [ROCE] (2016 - 2026)
Waste Connections' Return on Capital Employed [ROCE] came in at 8.67% for Q2 2026, up 2.58 percentage points from 6.10% a year earlier but down 0.12 percentage points from the prior quarter.
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Analysis
Waste Connections (WCN) Return on Capital Employed [ROCE] (2016 - 2026) Analysis & Trends
For FY2025, Waste Connections' Return on Capital Employed [ROCE] was 9.32%, up 3.04 percentage points from FY2024.
- Return on Capital Employed [ROCE] carries a five-year change of +6.11 percentage points (FY2020 to FY2025).
- Going back by year, Return on Capital Employed [ROCE] was 6.28% in FY2024 (-1.52 pp), 7.81% in FY2023 (-0.82 pp), 8.62% in FY2022 (+0.70 pp) and 7.93% in FY2021 (+4.71 pp).
- The five-year range for quarterly Return on Capital Employed [ROCE] is 5.85% (Q3 2025) to 9.08% (Q4 2025).
- Year-over-year, Return on Capital Employed [ROCE] has increased for three consecutive quarters, with an average year-over-year change of +0.12 percentage points over the last eight quarters.
- The fastest year-over-year change in Return on Capital Employed [ROCE] over five years came in Q4 2021 (a gain of 4.64 percentage points), and the weakest in Q3 2025 (a drop of 2.46 percentage points).
- Business Quant data shows WCN's Return on Capital Employed [ROCE] at 8.79% (Q1 2026), 9.08% (Q4 2025) and 5.85% (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | Waste Management | 81.78 Bn | 80.69 Bn | 2.73 Bn | 11.24% |
| 2 | Republic Services | 64.17 Bn | 63.79 Bn | 1.87 Bn | 10.90% |
| 3 | Waste Connections | 38.78 Bn | 38.40 Bn | 1.08 Bn | 8.67% |
| 4 | Clean Harbors | 16.83 Bn | 13.84 Bn | 608.78 Mn | 11.31% |
| 5 | GFL Environmental | 15.57 Bn | 13.25 Bn | 385.80 Mn | -3.41% |
| 6 | Casella Waste Systems | 5.19 Bn | 4.31 Bn | 178.80 Mn | 2.13% |
| 7 | Onterris | 445.90 Mn | 405.17 Mn | 82.26 Mn | 0.92% |
| 8 | Perma Fix Environmental Services | 329.99 Mn | 221.55 Mn | -2.50 Mn | -29.66% |
| 9 | Deep Isolation Nuclear | 184.53 Mn | 184.53 Mn | 707,000.00 | -61.32% |
| 10 | Comstock | 172.41 Mn | 175.73 Mn | -896,073.00 | -31.61% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 8.67% |
| 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% |
API Access
Waste Connections Return on Capital Employed [ROCE] 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=return-on-capital-employed-%5Broce%5D&ticker=WCN&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-capital-employed-[roce]", "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=return-on-capital-employed-%5Broce%5D&ticker=WCN&period=max&api_key=YOUR_API_KEY");
const data = await res.json();