SeekingAlpha•2026-04-23
Waste Connections, Inc. (WCN) Q1 2026 Earnings Call TranscriptWCN — Waste Connections Inc
NYSE · Commercial Services & Supplies · Commercial Services & Supplies
$168.89-2.17%Market cap58.44B
- Latest Close
- $168.89
- 30-Day Move
- -2.2%
- Market Cap
- $58.4B
- Shares Outstanding
- 255,680,000
- P/E Ratio
- 37.4
- P/B Ratio
- 5.49
Analyst consensus: Buy · 20 analysts
NYSE:WCNCommercial Services & Supplies / Commercial Services & SuppliesDelayed public snapshot
Waste Connections Inc
A read-only Alphactor snapshot forWaste Connections Inc. It uses the same research structure as the app, but with delayed data and shallow depth so search visitors can evaluate the stock before signing up.
Snapshot as of2026-04-23
Topline snapshot
Latest Close
$168.89
30-Day Move
-2.2%
Market Cap
$58.4B
Shares Outstanding
255,680,000
P/E Ratio
37.4
P/B Ratio
5.49
Not investment advice. Signals and scores shown here are model outputs derived from historical data, not recommendations. Past performance does not guarantee future results. Do your own research before trading. Full disclaimer
Chart snapshot
$168.89
-2.2%last 90 delayed daily bars
Market cap$58.4B
90D High
$179.56
90D Low
$154.90
Avg Volume
1,551,644
What stands out
Gross margin is running at 42.4%, which gives a quick read on operating quality before you open the full model.
Net margin is 11.4%, useful for comparing WCN against peers in Commercial Services & Supplies.
WCN is down 2.2% over the last 30 trading days shown on this page.
Latest operating income is $460M, which helps anchor the headline ratios with an actual earnings figure.
Research snapshot
Composite Fair Value
$80.89
Rule of 40
19.0%
Dark Pool Short %
33.0%
Fundamentals snapshot
Latest Close
$168.89
30-Day Move
-2.2%
Market Cap
$58.4B
Shares Outstanding
255,680,000
P/E Ratio
37.4
P/B Ratio
5.49
ROE
13.1%
ROA
5.1%
Gross Margin
42.4%
Operating Margin
18.1%
Net Margin
11.4%
Debt / Equity
1.07
Current Ratio
0.62
Dividend Yield
80.7%
Latest Revenue
$2.4B
Financial statement snapshot
Revenue
$2.4B
Gross Profit
$1.0B
Operating Income
$460M
Net Income
$259M
Gross Margin
4237.0%
Net Margin
1137.0%
Current Ratio
0.62
Debt / Equity
1.07
Valuation snapshot
Fair Value
$80.89
Upside / Downside
-52.1%
Signal
Overvalued
Implied Growth
18.9%
DCF
$65.75
EPV
$27.33
EV/Rev
$149.60
Growth Assumption
9.5%
Discount Rate
8.6%
Terminal Growth
2.0%
Base FCF
$1.2B
Valuation spread
Current Price
$168.89
Composite Fair Value
$80.89
DCF
$65.75
EPV
$27.33
EV/Rev
$149.60
After signup
The full valuation workspace goes deeper
Adjust DCF growth, discount, and terminal assumptions instead of relying on one static snapshot.
Open the deeper balance-sheet and cash-flow views to inspect debt, liquidity, and cash generation line by line.
Compare multiple valuation models against peers and save your own thesis instead of re-reading a fixed public state.
Moderate growth priced in
Quality snapshot
Altman Z
3.75
Safe
Piotroski
6
Moderate (4-6)
Cash Conversion
2.24x
Rule of 40
19.0%
Concerning
Annual financial history
Annual performance mix
| Period | Revenue | Operating Income | Net Income | Free Cash Flow |
|---|---|---|---|---|
| 2022-12-31 | $7.2B | $1.3B | $836M | $1.1B |
| 2023-12-31 | $8.0B | $1.5B | $763M | $1.2B |
| 2024-12-31 | $8.9B | $1.7B | $618M | $1.2B |
| 2025-12-31 | $9.5B | $1.8B | $1.1B | $1.2B |
After signup
The app opens the full statement deep dive
Extend the history well beyond this public snapshot to inspect longer cycles and regime changes.
Move from summary lines into detailed balance-sheet and cash-flow rows for working capital, debt, and capex analysis.
Cross-link statement changes with alerts, watchlists, and saved research workflows after signup.
News snapshot
Benzinga•2026-04-23
Transcript: Waste Connections Q1 2026 Earnings Conference CallBenzinga•2026-04-22
Waste Connections Q1 Adj. EPS $1.23 Beats $1.18 Estimate, Sales $2.371B Beat $2.352B EstimateBenzinga•2026-04-22
Earnings Scheduled For April 22, 2026After signup
The full sentiment workspace adds context
Go past the public headlines into fuller article history, source cross-checks, and deeper narrative tracking.
Tie news into alerts, watchlists, and conviction changes instead of browsing one static batch of stories.
Insider activity snapshot
Buy Value
$0
Sell Value
$200,618.19
Buys
0
Sells
1
Buy Value
$0
Sell Value
$200,618.19
Buy/Sell Ratio
0.00x
After signup
The full app goes deeper on insider behavior
Inspect longer insider history, recurring buyers and sellers, and the broader transaction context beyond this snapshot.
Continue into deeper institutional and alternative-data views once you sign up.
Recent insider transactions
| Date | Name | Type | Shares | Price |
|---|---|---|---|---|
| 2026-04-01 | FLORNESS DANIEL L | M | 332 | $0.00 |
| 2026-04-01 | FLORNESS DANIEL L | A | 663 | $0.00 |
| 2026-04-01 | FLORNESS DANIEL L | A | 419 | $0.00 |
| 2026-04-01 | FLORNESS DANIEL L | F | 178 | $162.98 |
| 2026-04-01 | FLORNESS DANIEL L | M | 332 | $0.00 |
| 2026-03-04 | TAN DEREK | Sell | 1,173 | $171.03 |
| 2026-02-18 | BRADLEY AARON | M | 310 | $0.00 |
| 2026-02-18 | BRADLEY AARON | F | 122 | $162.76 |
ETF holders snapshot
| ETF | Shares | Weight | As Of |
|---|---|---|---|
| VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund | 8,045,113 | 0.03% | 2025-12-31 |
| VANGUARD INDEX FUNDS-Vanguard Mid-Cap Index Fund | 5,572,532 | 0.02% | 2025-12-31 |
| VANGUARD STAR FUNDS-Vanguard Total International Stock Index Fund | 3,742,602 | 0.01% | 2026-01-31 |
| VANGUARD INDEX FUNDS-Vanguard Growth Index Fund | 3,066,972 | 0.01% | 2025-12-31 |
| VANGUARD TAX-MANAGED FUNDS-Vanguard Developed Markets Index Fund | 2,413,854 | 0.01% | 2025-12-31 |
| WASHINGTON MUTUAL INVESTORS FUND | 2,262,759 | 0.01% | 2026-03-31 |
| Fidelity Magellan Fund | 2,177,960 | 0.01% | 2026-02-28 |
| VANGUARD INDEX FUNDS-Vanguard Mid-Cap Growth Index Fund | 2,141,633 | 0.01% | 2025-12-31 |
After signup
The deeper ownership view shows who is leaning in
Open richer institutional and holder diffs to see position changes across filings instead of one static snapshot.
Use those ownership shifts alongside conviction and alerts in the full app workflow.
Institutional holders snapshot
Vanguard Group
Filed 2025-05-09
$5.9B
+3.3%
FMR LLC (Fidelity)
Filed 2026-02-17
$1.8B
-1.1%
BlackRock
Filed 2024-08-13
$1.5B
--
Goldman Sachs
Filed 2026-02-10
$509M
+58.1%
Two Sigma Advisers
Filed 2025-11-14
$269M
+46.4%
Dark-pool activity snapshot
Analyst consensus?
Rating(?)
4.15
Consensus
BuyTarget Mean(?)
—
Target High(?)
—
Target Low(?)
—
Analysts
20
For informational and educational purposes only. Not financial advice. Learn more
Related reading
Research and strategy guides from the alphactor blog.
Accruals Quality: How to Spot Earnings That Aren't Real
Accruals measure the gap between reported earnings and actual cash. Widening accruals is one of the most reliable red flags in financial analysis — Sloan's…
Altman Z-Score: A Bankruptcy Predictor That Still Works
Edward Altman's 1968 discriminant model predicts bankruptcy within two years about 72% of the time at its distress threshold.
Balance Sheet Deep Dive
Balance sheet changes lead income statements by 2-6 quarters. Net debt, receivables days, and goodwill are the lines that move stocks first.