
Cancel anytime
- Chart
- Upturn Summary
- Highlights
- Revenue
- Valuation
Upturn AI SWOT
- About


Waste Connections Inc (WCN)



- BUY Advisory
- SELL Advisory (Profit)
- SELL Advisory (Loss)
- Profit
- Loss
- Pass (Skip investing)


(see disclosures)
- ALL
- YEAR
- MONTH
- WEEK
Upturn Advisory Summary
10/10/2025: WCN (1-star) is currently NOT-A-BUY. Pass it for now.
1 Year Target Price $208
1 Year Target Price $208
11 | Strong Buy |
6 | Buy |
6 | Hold |
0 | Sell |
2 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit 1.87% | Avg. Invested days 43 | Today’s Advisory PASS |
Upturn Star Rating ![]() ![]() | Upturn Advisory Performance ![]() | Stock Returns Performance ![]() |
![]() ![]() | ![]() ![]() |
Key Highlights
Company Size Large-Cap Stock | Market Capitalization 44.44B USD | Price to earnings Ratio 69.98 | 1Y Target Price 208 |
Price to earnings Ratio 69.98 | 1Y Target Price 208 | ||
Volume (30-day avg) 25 | Beta 0.61 | 52 Weeks Range 168.52 - 201.00 | Updated Date 10/13/2025 |
52 Weeks Range 168.52 - 201.00 | Updated Date 10/13/2025 | ||
Dividends yield (FY) 0.72% | Basic EPS (TTM) 2.47 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Revenue by Geography
Geography revenue - Year on Year
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 6.97% | Operating Margin (TTM) 19.37% |
Management Effectiveness
Return on Assets (TTM) 4.01% | Return on Equity (TTM) 7.88% |
Valuation
Trailing PE 69.98 | Forward PE 21.6 | Enterprise Value 53045054004 | Price to Sales(TTM) 4.81 |
Enterprise Value 53045054004 | Price to Sales(TTM) 4.81 | ||
Enterprise Value to Revenue 5.74 | Enterprise Value to EBITDA 22.45 | Shares Outstanding 257113830 | Shares Floating 256642110 |
Shares Outstanding 257113830 | Shares Floating 256642110 | ||
Percent Insiders 0.23 | Percent Institutions 90.65 |
Upturn AI SWOT
Waste Connections Inc

Company Overview
History and Background
Waste Connections Inc. was founded in 1997. It grew through acquisitions and organic growth, becoming a leading integrated solid waste services company.
Core Business Areas
- Solid Waste Collection: Provides residential, commercial, and industrial solid waste collection services.
- Transfer Stations: Operates transfer stations that consolidate and transfer waste to landfills.
- Landfills: Owns and operates landfills for the disposal of solid waste.
- Recycling: Provides recycling services for residential and commercial customers.
- E&P Waste Treatment and Disposal: Provides services to the oil and gas exploration and production industry
Leadership and Structure
Ronald J. Mittelstaedt founded the company and currently the Chairman of the Board, Worthing F. Jackman is the Chief Executive Officer. The company has a typical corporate structure with a board of directors and various executive leadership roles overseeing different operational and financial aspects.
Top Products and Market Share
Key Offerings
- Solid Waste Collection: Collection of waste from various sources. Market share is estimated at around 15-20% of the North American market. Competitors include Waste Management and Republic Services.
- Landfill Disposal: Landfill space for waste disposal. Revenue is significant, contributing a large portion of overall revenue. Competitors include Waste Management and Republic Services.
- Recycling Services: Processing and sale of recycled materials. This segment is more volatile due to commodity price fluctuations. Competitors include WM, RSG, and local/regional players.
Market Dynamics
Industry Overview
The solid waste industry is characterized by its essential service nature, relatively stable demand, and significant regulatory oversight. Increasing focus on sustainability and recycling is shaping the industry.
Positioning
Waste Connections Inc. is positioned as a leading integrated provider with a focus on secondary markets. It has a reputation for strong operational efficiency and strategic acquisitions.
Total Addressable Market (TAM)
The estimated total addressable market is $75 billion. Waste Connections Inc. is well-positioned to capture a significant portion of this market through organic growth and acquisitions.
Upturn SWOT Analysis
Strengths
- Strong market position in secondary markets
- Integrated business model
- Experienced management team
- Efficient operations and cost control
- Proven acquisition strategy
Weaknesses
- Exposure to economic cycles
- Dependence on landfill capacity
- Recycling market volatility
- Regulatory risks
Opportunities
- Further acquisitions and market consolidation
- Expansion of recycling and sustainability services
- Growth in E&P waste services
- Development of new waste treatment technologies
Threats
- Increased competition
- Stricter environmental regulations
- Fluctuations in commodity prices
- Economic downturns affecting waste generation
- Labor shortages
Competitors and Market Share
Key Competitors
- WM
- RSG
- GFL
Competitive Landscape
Waste Connections Inc. differentiates itself through its focus on secondary markets and strong operational efficiency. While it is smaller than Waste Management and Republic Services, it maintains strong profitability and growth rates.
Major Acquisitions
Secure Energy Services' US Landfill Business
- Year: 2021
- Acquisition Price (USD millions): 300
- Strategic Rationale: Expanded Waste Connections' footprint in the E&P waste disposal market and enhanced its service offerings to energy customers.
Growth Trajectory and Initiatives
Historical Growth: Waste Connections Inc. has demonstrated consistent revenue and earnings growth over the past decade, driven by organic growth and strategic acquisitions.
Future Projections: Analysts project continued revenue and earnings growth in the mid-single digits over the next few years, supported by industry tailwinds and the company's execution capabilities.
Recent Initiatives: Recent initiatives include investments in recycling infrastructure, expansion into new geographic markets through acquisitions, and focus on sustainability solutions.
Summary
Waste Connections Inc. is a well-managed company with a strong position in the solid waste industry. Its focus on secondary markets and efficient operations has fueled consistent growth. Potential threats include regulations and economic downturns, but strategic acquisitions and sustainability initiatives present significant opportunities. WCN is financially strong.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Company SEC filings, Investor presentations, Analyst reports
Disclaimers:
The information provided is for informational purposes only and should not be considered investment advice. Market share data is based on estimates and may not be precise.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Waste Connections Inc
Exchange NYSE | Headquaters Woodbridge, ON, Canada | ||
IPO Launch date 1998-05-20 | Founder, CEO, President & Director Mr. Ronald J. Mittelstaedt | ||
Sector Industrials | Industry Waste Management | Full time employees 23854 | Website https://www.wasteconnections.com |
Full time employees 23854 | Website https://www.wasteconnections.com |
Waste Connections, Inc. provides non-hazardous waste collection, transfer, disposal, and resource recovery services in the United States and Canada. It offers collection services to residential, commercial, municipal, industrial, and exploration and production (E&P) customers; landfill disposal services; and recycling services for various recyclable materials, including compost, cardboard, mixed paper, plastic containers, glass bottles, and ferrous and aluminum metals. The company owns and operates transfer stations that receive compact and/or load waste to be transported to landfills or treatment facilities through truck, rail, or barge; and intermodal services for the rail haul movement of cargo and solid waste containers in the Pacific Northwest through a network of intermodal facilities. In addition, it provides E&P waste treatment, recovery, and disposal services for waste resulting from oil and natural gas exploration and production activity, such as drilling fluids, drill cuttings, completion fluids, and flowback water; production wastes and produced water during a well's operating life; contaminated soils that require treatment during site reclamation; and substances, which require clean-up after a spill, reserve pit clean-up, or pipeline rupture. Further, the company offers leasing services. Waste Connections, Inc. was founded in 1997 and is based in Woodbridge, Canada.

Note: This website is maintained by Upturn Corporation, which is an investment adviser registered with the U.S. Securities and Exchange Commission. Such registration does not imply a certain level of skill or training. Investing in securities has risks. Past performance is no guarantee of future returns. No assurance is provided as to any particular investment return, and you may lose money using our services. You are strongly advised to consult appropriate counsel before making any investments in companies you learn about through our services. You should obtain appropriate legal, tax, investment, accounting, and other advice that takes into account your investment portfolio and overall financial situation. You are solely responsible for conducting due diligence on a potential investment. We do not affect trades for you. You will select your own broker through which to transact. Investments are not FDIC insured, they are not guaranteed, and they may lose value. Please see the Privacy Policy, Terms of Use, and Disclosure for more information.