Waste Connections (WCN) Return on Capital Employed [ROCE] (2010 - 2025)
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] (2010 - 2025) 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 (Yr) |
|---|---|---|---|---|---|
| 1 | Waste Management | 94.39 Bn | 93.32 Bn | 2.75 Bn | 10.86% |
| 2 | Republic Services | 75.41 Bn | 75.02 Bn | 1.90 Bn | 11.21% |
| 3 | Waste Connections | 47.83 Bn | 47.48 Bn | 1.14 Bn | 9.32% |
| 4 | GFL Environmental | 15.73 Bn | 15.73 Bn | 304.74 Mn | 11.79% |
| 5 | Clean Harbors | 15.30 Bn | 12.64 Bn | 661.44 Mn | 10.58% |
| 6 | Casella Waste Systems | 5.92 Bn | 5.24 Bn | 184.65 Mn | 2.14% |
| 7 | Onterris | 832.01 Mn | 777.91 Mn | 88.27 Mn | 1.43% |
| 8 | Enviri | 710.17 Mn | 67.28 Mn | -162.22 Mn | - |
| 9 | Oio | 619.48 Mn | 617.91 Mn | - | -29.89% |
| 10 | Perma Fix Environmental Services | 328.26 Mn | 221.00 Mn | 552,000.00 | -16.75% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Dec 31, 2025 | 9.32% |
| Dec 31, 2024 | 6.28% |
| Dec 31, 2023 | 7.81% |
| Dec 31, 2022 | 8.62% |
| Dec 31, 2021 | 7.93% |
| Dec 31, 2020 | 3.21% |
| Dec 31, 2019 | 6.88% |
| Dec 31, 2018 | 7.28% |
| Dec 31, 2017 | 5.83% |
| Dec 31, 2016 | 6.12% |
| Dec 31, 2015 | -1.29% |
| Dec 31, 2014 | 11.26% |
| Dec 31, 2013 | 7.44% |
| Dec 31, 2012 | 8.01% |
| Dec 31, 2011 | -3.01% |
| Dec 31, 2010 | 7.72% |
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-annual&ticker=WCN&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-capital-employed-[roce]-annual", "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-annual&ticker=WCN&period=max&api_key=YOUR_API_KEY");
const data = await res.json();