Waste Connections WCN Revenue Breakdown

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As of: Oct 22, 2026 · 3:59 PM EDT
Annual revenue breakdowns for Waste Connections, fiscal 2011 to 2025, as reported in its filings.
Annual history

Waste Connections Revenue by Segment

Years FY 2011–2025
Lines 7
FY 2025 Total $9.47B

Southern was Waste Connections’s largest segment in fiscal 2025, bringing in $2.15B of $9.47B (23%).

Waste Connections revenue by segment, fiscal 2011 to 2025
Segment FY 2011 FY 2012 FY 2014 FY 2015 FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
Western $1.61B $1.88B $2.03B $2.11B
Southern $1.67B $1.85B $1.98B $2.15B
Eastern $1.45B $1.64B $1.88B $2.05B
Canada $1.05B $1.11B $1.39B $1.46B
Central $1.45B $1.62B $1.70B $1.78B
Midsouth $992.92M $1.07B $1.22B $1.30B
Intercompany Revenue -$998.07M -$1.15B -$1.28B -$1.39B
Total $7.21B $8.02B $8.92B $9.47B
Totals include 5 discontinued lines from earlier reporting.

Waste Connections revenue by segment: what the figures show

Waste Connections brought in $9.47B from its seven segments in fiscal 2025, the year ended December 31, 2025. That was up 6.1% from $8.92B in fiscal 2024. Southern was the largest at $2.15B (22.7%), ahead of Western at $2.11B (22.3%) and Eastern at $2.05B (21.7%). The other three segments brought in $4.55B combined.

Compared with fiscal 2024, Eastern grew fastest, up 9.3% to $2.05B. Every segment above 2% of revenue grew. From fiscal 2022 to 2025, combined revenue from these segments grew from $7.21B to $9.47B, a compound annual growth rate of 9.5%. Southern's share held steady at about 22.7%.

The total is net of Intercompany Revenue, which took $1.39B off revenue in fiscal 2025.

Annual history

Waste Connections Revenue by Product & Service

Years FY 2014–2017
Lines 6
FY 2017 Total $4.63B

Solid Waste Collection was Waste Connections’s largest product and service line in fiscal 2017, bringing in $3.18B of $4.63B (69%).

Waste Connections revenue by product and service, fiscal 2014 to 2017
Product and Service FY 2014 FY 2015 FY 2016 FY 2017
Solid Waste Collection $1.29B $1.38B $2.35B $3.18B
Solid Waste Disposal & Transfer $617.16M $670.37M $712.39M $1.58B
E&P Waste Treatment, Recovery & Disposal $326.93M $228.53M $120.20M $203.47M
Intermodal & Other $46.29M $66.32M $105.71M $146.75M
Solid Waste Recycling $58.23M $47.29M $85.52M $161.73M
Intercompany Revenues -$259.35M -$273.90M — -$640.89M
Total $2.08B $2.12B $3.38B $4.63B

Waste Connections revenue by product and service: what the figures show

Waste Connections brought in $4.63B from its six product and service lines in fiscal 2017, the year ended December 31, 2017. Waste Connections regrouped these lines after fiscal 2016, so the total does not compare directly with that year's $3.38B. Solid Waste Collection was the largest at $3.18B (68.7%), ahead of Solid Waste Disposal & Transfer at $1.58B (34.1%) and E&P Waste Treatment, Recovery & Disposal at $203.47M (4.4%). The other two lines brought in $308.48M combined.

Compared with fiscal 2016, Solid Waste Disposal & Transfer grew fastest, up 121.5% to $1.58B. Every line above 2% of revenue grew. From fiscal 2014 to 2017, combined revenue from these lines grew from $2.08B to $4.63B, a compound annual growth rate of 30.6%. Solid Waste Collection's share of the total rose from 62.0% to 68.7%.

The total is net of Intercompany Revenues, which took $640.89M off revenue in fiscal 2017.

Annual history

Waste Connections Revenue by Geography

Years FY 2013–2015
Lines 3
FY 2015 Total $1.93B

Ca was Waste Connections’s largest region in fiscal 2015, bringing in $664.84M of $1.93B (35%).

Waste Connections revenue by geography, fiscal 2013 to 2015
Geography FY 2013 FY 2014 FY 2015
Ca $769.08M $745.80M $664.84M
United States West — $602.38M $662.07M
United States East — $660.82M $598.69M
Total $2.03B $2.01B $1.93B
Totals include 2 discontinued lines from earlier reporting.

Waste Connections revenue by geography: what the figures show

Waste Connections brought in $1.93B from its three regions in fiscal 2015, the year ended December 31, 2015. That was down 4.2% from $2.01B in fiscal 2014. Ca was the largest at $664.84M (34.5%), ahead of United States West at $662.07M (34.4%) and United States East at $598.69M (31.1%).

Compared with fiscal 2014, United States West grew fastest, up 9.9% to $662.07M, while Ca fell the most, down 10.9% to $664.84M.

Waste Connections began breaking out United States West in fiscal 2014 and United States East in fiscal 2014. Waste Connections stopped reporting United States South ($876.89M in fiscal 2013) and United States Northeast ($380.07M in fiscal 2013) as separate regions.

Questions

Waste Connections Revenue Breakdown FAQ

How does Waste Connections make money?

Waste Connections (WCN) reports its revenue by segment, by product and service and by geography. In fiscal 2025, Southern was its largest segment, bringing in $2.15B (22.7% of the total), followed by Western at $2.11B (22.3%).

What is Waste Connections' largest segment?

Southern was Waste Connections' largest segment in fiscal 2025, bringing in $2.15B, or 22.7% of the $9.47B total across its seven segments.

What is Waste Connections' largest product and service line?

Solid Waste Collection was Waste Connections' largest product and service line in fiscal 2017, bringing in $3.18B, or 68.7% of the $4.63B total across its six product and service lines.

What is Waste Connections' largest region?

Ca was Waste Connections' largest region in fiscal 2015, bringing in $664.84M, or 34.5% of the $1.93B total across its three regions.

Which Waste Connections segment is growing the fastest?

Among Waste Connections' segments that make up at least 2% of revenue, Eastern grew fastest in fiscal 2025, up 9.3% from $1.88B to $2.05B.

Where does this revenue breakdown data come from?

Every figure comes from Waste Connections' annual financial filings, as reported. Each line keeps the name Waste Connections gives it, and years follow its fiscal calendar.

How far back does Waste Connections' revenue breakdown go?

Waste Connections' revenue by segment goes back to fiscal 2011, with figures through fiscal 2025. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.