Waste Connections (WCN) Return on Capital Employed [ROCE] (2011 - 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] (2011 - 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 | 96.96 Bn | 95.89 Bn | 2.75 Bn | 11.50% |
| 2 | Republic Services | 77.08 Bn | 76.69 Bn | 1.90 Bn | 10.87% |
| 3 | Waste Connections | 48.53 Bn | 48.18 Bn | 1.14 Bn | 9.14% |
| 4 | GFL Environmental | 15.55 Bn | 15.55 Bn | 304.74 Mn | - |
| 5 | Clean Harbors | 15.50 Bn | 12.85 Bn | 661.44 Mn | 12.77% |
| 6 | Casella Waste Systems | 6.38 Bn | 5.69 Bn | 184.65 Mn | 1.61% |
| 7 | Onterris | 817.60 Mn | 763.50 Mn | 88.27 Mn | 1.20% |
| 8 | Enviri | 710.45 Mn | 67.56 Mn | -162.22 Mn | -19.27% |
| 9 | Oio | 584.68 Mn | 583.11 Mn | - | - |
| 10 | Perma Fix Environmental Services | 315.74 Mn | 208.48 Mn | 552,000.00 | -30.00% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 9.14% |
| 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% |
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();