WCN · Waste Connections, Inc.

Track WCN — free

$155.33 +0.10 (+0.06%) At close · Sep 18

Rebalance outlook locked

Market Cap

$40.41B

252.05M

Up next

Next earnings call

Oct 22, 2026 Est · unconfirmed · in 5 wks

Latest filing: 10-Q

filed Jul 23, 2026

Metrics snapshot

Useful current figures from the complete screener profile.

View all 115 metrics

Revenue (TTM)

$9.76B

Trailing 12 months

Net income (TTM)

$1.06B

Trailing 12 months

Revenue growth YoY

+6.4%

Year over year

Operating margin

17.0%

Trailing 12 months

P / E (TTM)

37.4

Trailing earnings · reciprocal yield 2.7%

FCF yield

3.1%

TTM · current market cap

Return on invested capital

—

Trailing 12 months

Net cash

—

Latest balance sheet

Dividend yield

—

Trailing 12 months

Shares change YoY

-2.0%

Year over year · fewer shares

Price change (1Y)

-11.4%

Trailing year

Short interest

1.5%

Latest settlement · 4.0 days to cover

View all 115 metrics

AI Brief

Q2 FY26 earnings call · Jul 23, 2026

Q2 FY26

TL;DR. Waste Connections beat Q2 expectations with revenue up 6.4% and adjusted EBITDA up 6.8%, including 70 bps of underlying margin expansion, and raised its full-year 2026 revenue and adjusted EBITDA outlook while reaffirming free cash flow guidance.

Bullish

+ Raised full-year 2026 adjusted EBITDA outlook to $3.33B–$3.34B from $3.30B–$3.325B
+ Raised full-year 2026 revenue outlook to $10.02B–$10.05B, up $100M–$120M
+ Q2 revenue beat expectations at $2.562B, up 6.4% year-over-year
+ Q2 adjusted EBITDA of $840.1M beat expectations, up 6.8% year-over-year
+ Underlying solid waste margin expanded 70 bps in Q2, with risk management savings contributing about half
+ Record year-to-date share repurchases of $614.5M, about 1.5% of shares outstanding

Bearish

− Q2 solid waste volumes declined 1.9% on macroeconomic uncertainty and construction slowdown
− Higher fuel surcharges increased customer churn, particularly in non-exclusive markets
− Q2 included $58.5M of impairment and closure-related charges primarily from Chiquita Canyon
− Chiquita Canyon landfill closure cash outflows expected to be $100M–$150M in 2026
− Year-to-date capex of ~$600M up more than $100M year-over-year
− Toughest quarterly margin comparisons expected in Q4 with typical seasonal step-down

AI-generated from the earnings call and 8-K · may contain errors · not investment advice

Equibles Rating

blended score · not investment advice

Overall

Neutral

SellHoldBuy

Technical Sell Momentum Very Weak Sentiment Neutral Fundamentals Strong Quant / Vol Very Low

Market backdrop VIX 14.8 · calm Equity put/call 0.58

Technical

price trend

Sell

50 / 200-day cross No cross

Price vs 200-day avg −6%

below

Price vs 50-day avg −7%

below

RSI (14) 30

oversold

MACD trend Negative

52-week position 21%

mid-range

Volume (OBV) Confirms

volume backs price

Momentum

relative strength

Very Weak

1-month return −8%

trailing

6-month return 0%

trailing

YTD return −11%

this year

Relative strength −21%

vs S&P · 6-mo

Sentiment

smart money

Neutral

Trend (MA cross) No cross

50d $166 › 200d $165 — 50d above 200d

Institutional flow Accumulating

+5% holders QoQ · +128 funds added

Insider flow Distributing

Net -$1.4M over 90 days · 100% sells

Short interest Rising

1.52% of float · ▲ +4.3% MoM · 4.0 days cover

Volume signal Normal

Volume near normal

Institution breadth Multi-yr high

841 holders — near 3-yr high, broad support

Squeeze score 49

elevated · 0–100

Fundamentals

Strong

Revenue growth +6%

Y/Y

EPS growth +74%

Y/Y

Free cash flow $1.2B

Valuation P/E 38.6

in line

Balance sheet $8.8B

net debt

Quant / Vol

risk profile

Very Low

Volatility 23%

annualized · 1-yr

Max drawdown −17%

past year

ATR 1.9%

of price · 14-day

Blended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.

Guidance & track record

what management promised — and delivered

Beat or met 6 of last 6

Latest guidance · from the Earnings Call filed Jun 30, 2026

full year 2026

Revenue Initiated $10.02B – $10.05B

prior FY $9.47B midpoint +6.0% Y/Y

Adjusted EBITDA Non-GAAP Initiated $3.33B – $3.34B

Adjusted EBITDA margin Non-GAAP Initiated 33.2% – 33.3%

Capital expenditures Initiated $1.25B

Adjusted free cash flow Non-GAAP Initiated $1.4B – $1.45B

this year

RNG CapEx $75M

Prior guidance period ended · from the 8-K filed Jul 24, 2024

Adjusted EBITDA margin · 2024 32.8%

Adjusted free cash flow as a percentage of revenues · Updated 2024 Outlook 13.6%

Guided vs delivered · last 6 settled

Revenue full year 2022

guided $6.88B

guided $6.88B $7.21B Beat +4.9%

Revenue Q1 2022

guided $1.61B

guided $1.61B $1.65B Beat +2.3%

Q4 revenue Q4

guided $1.58B

guided $1.58B $1.62B Beat +2.8%

Revenue full year

guided at least $6.11B

guided at least $6.11B $6.15B In line

Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.

Technicals

trend & momentum for long-term holders Sell

3 · 4 · 0

50 / 200-day cross

No cross Neutral

Price vs 200-day avg

−6% Bearish

Price vs 50-day avg

−7% Bearish

RSI (14)

30 Neutral

MACD trend

Negative Bearish

52-week position

21% Neutral

Volume (OBV)

Confirms Neutral

Market signals — smart money & positioning

Mixed

Trend (MA cross) No cross

50d $166 › 200d $165 — 50d above 200d

Institutional flow Accumulating

+5% holders QoQ · +128 funds added

Insider flow Distributing

Net -$1.4M over 90 days · 100% sells

Short interest Rising

1.52% of float · ▲ +4.3% MoM · 4.0 days cover

Volume signal Normal

Volume near normal

Institution breadth Multi-yr high

841 holders — near 3-yr high, broad support

Price context

position in its 52-week range

Range low $149 Now $155 · 21% Range high $179

vs 200-day avg -6% vs 50-day avg -7%

Illustrative technical + ownership context — a signal mix, not investment advice.

Key metrics

the company's own KPIs, from written earnings releases and filings

Metric	Latest	Period	YoY
Adjusted EBITDA non-GAAP	$840.08M	Three Months Ended June 30, 2026 filing	—
Adjusted net income non-GAAP	$381.69M	Three Months Ended June 30, 2026 filing	—
Adjusted net income per diluted share non-GAAP	$1.5	Three Months Ended June 30, 2026 filing	—
Capital expenditures (Consolidated)	$353.4M	Three Months Ended June 30, 2026 filing	—
Segment EBITDA (Consolidated) non-GAAP	$821.9M	Three Months Ended June 30, 2026 filing	+6.6%

Segment EBITDA margin (Consolidated) non-GAAP	32.1%	Three Months Ended June 30, 2026 filing	—

Figures exactly as the company stated them in writing · click a metric with a to chart its history · period links open the stating document · "filing" marks figures stated in the 10-K/10-Q · YoY needs an exactly comparable prior-year period

Versus peers

Waste Management — same industry group

Open screener →

Company	Mkt cap	YTD	Rev growth Y/Y	P/E	Short % shares
WCN Waste Connections, Inc. this stock	$40.41B	-11.4%	+6.1%	38.6	1.5%
WM Waste Management Inc	$87.00B	-3.9%	+6.4%	30.8	1.4%
RSG Republic Services, Inc.	$66.78B	+2.9%	+3.3%	30.9	1.4%
CLH Clean Harbors Inc	$17.14B	+34.7%	+6.9%	43.9	2.0%
GFL GFL Environmental Inc.	$15.60B	-1.0%	—	—	6.1%

Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding

At a glance

key data from every section

Ownership

Institutional Holders Accumulating

Holders

841

% held: 85.8%
Net QoQ: +1.6M sh
Top holder: VANGUARD CAPITAL MANAGEME…

Held Float

View

Held by Funds

Fund positions

414

View

Short & Settlement

Short Interest Rising

Shares short

3.8M

Days to cover: 4.0d
Change: +159.7K sh

View

Short Volume

Short vol %

49%

As of: Sep 18, 2026

Short Total

View

Fails to Deliver

FTD shares

7.5K

Value: $1.3M
As of: Aug 20, 2026

View

Off-Exchange

Off-exchange %

46.3%

Week of: Aug 10, 2026

Off-exch Lit

View

Smart Money

Insider Trades Net selling

Net (90d)

-$1.4M

Buyers / Sellers: 0 / 4

Buyers Sellers

View

Congressional Trades Sell

Member

Valerie Hoyle

Amount: $1.0K–$15.0K
Traded: Sep 23, 2025

View

Financials

Revenue (FY)

$9.5B

Net income (FY): $1.1B
EPS diluted: $4.17

View

Buybacks

Authorized

shares 12.9M

Remaining: shares 7.6M

Spent Remaining

View

Filings

SEC Filings

Latest

8-K

Filed: Aug 7, 2026
This year: 14

View

Proposed Sales

Value

$416.4K

Shares: 2.5K
Filed: Aug 18, 2026

View

Earnings & Events

Earnings Calls Upcoming

Next call

Nov 17, 2026

Last call: Jul 23, 2026

View

Investor Relations

Performance

	5D	20D	120D	MTD	YTD
WCN	-2.8%	-7.7%	-0.4%	-6.0%	-11.4%
SPY	-0.3%	-0.1%	+20.1%	-0.7%	+11.7%
vs SPY	-2.4%	-7.6%	-20.6%	-5.3%	-23.1%

Capital returns

Buyback program · as of Jun 30, 2026

Authorized

shares 12.86M

Spent (derived)

shares 5.22M

Remaining

shares 7.64M

Spent Remaining

Dividends per share over the trailing 365 days by ex-date · buyback figures as last reported in SEC filings ("spent" derived as authorized − remaining; when several programs run concurrently, authorized is their combined total per the newest filing) · components shown separately — trailing-year buyback spend isn't tracked, so no combined shareholder yield is derived.

Key facts CIK 1318220 CUSIP 94106B101 13F (30d) 22 filings 19 filers Visit website Investor relations

WCN · Waste Connections, Inc.

Price & Indicators

Up next

Metrics snapshot

AI Brief

Equibles Rating

Guidance & track record

Technicals

Key metrics

Versus peers

At a glance

Performance

Capital returns