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Waste Connections (WCN) Ratios
Waste Connections Ratios
TSE:WCN's free cash flow for Q3 2026 was $394.82M. For the 2026 fiscal year, TSE:WCN's free cash flow was decreased by $-302.99M and operating cash flow was $697.80M. See a summary of the company’s cash flow.
| Ratios | Dec 25 | Dec 24 | Dec 23 | Dec 22 | Dec 21 |
|---|---|---|---|---|---|
| Liquidity Ratios | |||||
| Current Ratio | 0.62 | 0.65 | 0.68 | 0.74 | 0.84 |
| Quick Ratio | 0.58 | 0.62 | 0.64 | 0.70 | 0.80 |
| Cash Ratio | 0.02 | 0.03 | 0.05 | 0.05 | 0.12 |
| Solvency Ratio | 0.18 | 0.15 | 0.17 | 0.18 | 0.19 |
| Operating Cash Flow Ratio | 1.14 | 1.19 | 1.26 | 1.34 | 1.38 |
| Short-Term Operating Cash Flow Coverage | 278.54 | 283.90 | 80.37 | 299.23 | 282.10 |
| Net Current Asset Value | $ -11.57B | $ -10.73B | $ -9.08B | $ -8.90B | $ -6.67B |
| Leverage Ratios | |||||
| Debt-to-Assets Ratio | 0.43 | 0.42 | 0.39 | 0.41 | 0.35 |
| Debt-to-Equity Ratio | 1.11 | 1.07 | 0.91 | 1.00 | 0.75 |
| Debt-to-Capital Ratio | 0.53 | 0.52 | 0.48 | 0.50 | 0.43 |
| Long-Term Debt-to-Capital Ratio | 0.52 | 0.51 | 0.47 | 0.49 | 0.42 |
| Financial Leverage Ratio | 2.56 | 2.52 | 2.33 | 2.41 | 2.10 |
| Debt Service Coverage Ratio | 7.70 | 6.30 | 6.78 | 9.36 | 9.44 |
| Interest Coverage Ratio | 5.11 | 3.27 | 4.50 | 6.14 | 6.39 |
| Debt to Market Cap | 0.20 | 0.18 | 0.18 | 0.20 | 0.14 |
| Interest Debt Per Share | 36.78 | 33.80 | 28.22 | 28.36 | 20.59 |
| Net Debt to EBITDA | 3.04 | 3.70 | 3.07 | 3.23 | 2.90 |
| Profitability Margins | |||||
| Gross Profit Margin | 42.37% | 41.79% | 40.86% | 39.88% | 40.60% |
| EBIT Margin | 18.51% | 12.22% | 15.68% | 17.35% | 15.18% |
| EBITDA Margin | 31.53% | 25.26% | 28.19% | 30.09% | 28.39% |
| Operating Profit Margin | 18.06% | 11.97% | 15.41% | 17.22% | 16.90% |
| Pretax Profit Margin | 14.98% | 8.55% | 12.26% | 14.54% | 12.53% |
| Net Profit Margin | 11.37% | 6.92% | 9.51% | 11.59% | 10.05% |
| Continuous Operations Profit Margin | 11.37% | 6.91% | 9.51% | 11.59% | 10.05% |
| Net Income Per EBT | 75.93% | 80.95% | 77.56% | 79.67% | 80.19% |
| EBT Per EBIT | 82.91% | 71.46% | 79.55% | 84.44% | 74.14% |
| Return on Assets (ROA) | 5.10% | 3.12% | 4.26% | 4.88% | 4.20% |
| Return on Equity (ROE) | 13.06% | 7.86% | 9.92% | 11.76% | 8.84% |
| Return on Capital Employed (ROCE) | 9.00% | 5.95% | 7.62% | 7.95% | 7.72% |
| Return on Invested Capital (ROIC) | 6.81% | 4.80% | 5.89% | 6.32% | 6.17% |
| Return on Tangible Assets | 10.03% | 6.25% | 8.56% | 9.76% | 8.63% |
| Earnings Yield | 2.39% | 1.40% | 1.98% | 2.45% | 1.74% |
| Efficiency Ratios | |||||
| Receivables Turnover | 8.85 | 9.17 | 9.06 | 8.22 | 7.98 |
| Payables Turnover | 7.13 | 8.15 | 7.38 | 6.79 | 9.30 |
| Inventory Turnover | 69.18 | 72.96 | 76.93 | 78.57 | 82.56 |
| Fixed Asset Turnover | 1.05 | 1.07 | 1.07 | 1.01 | 1.05 |
| Asset Turnover | 0.45 | 0.45 | 0.45 | 0.42 | 0.42 |
| Working Capital Turnover Ratio | -12.93 | -14.89 | -17.05 | -24.24 | 68.48 |
| Cash Conversion Cycle | -4.69 | -0.01 | -4.41 | -4.74 | 10.92 |
| Days of Sales Outstanding | 41.24 | 39.80 | 40.27 | 44.38 | 45.74 |
| Days of Inventory Outstanding | 5.28 | 5.00 | 4.74 | 4.65 | 4.42 |
| Days of Payables Outstanding | 51.20 | 44.81 | 49.42 | 53.77 | 39.24 |
| Operating Cycle | 46.51 | 44.80 | 45.02 | 49.03 | 50.16 |
| Cash Flow Ratios | |||||
| Operating Cash Flow Per Share | 9.38 | 8.64 | 8.23 | 7.86 | 6.50 |
| Free Cash Flow Per Share | 4.74 | 4.55 | 4.61 | 4.31 | 3.65 |
| Dividend Paid and CapEx Coverage Ratio | 1.58 | 1.64 | 1.77 | 1.75 | 1.76 |
| Capital Expenditure Coverage Ratio | 2.02 | 2.11 | 2.28 | 2.22 | 2.28 |
| Operating Cash Flow Coverage Ratio | 0.26 | 0.27 | 0.30 | 0.28 | 0.33 |
| Operating Cash Flow to Sales Ratio | 0.26 | 0.25 | 0.27 | 0.28 | 0.28 |
| Free Cash Flow Yield | 2.70% | 2.65% | 3.09% | 3.26% | 2.68% |
| Valuation Ratios | |||||
| Price-to-Earnings (P/E) Ratio | 41.94 | 71.70 | 50.57 | 40.78 | 57.60 |
| Price-to-Sales (P/S) Ratio | 4.76 | 4.96 | 4.81 | 4.73 | 5.79 |
| Price-to-Book (P/B) Ratio | 5.47 | 5.63 | 5.01 | 4.79 | 5.09 |
| Price-to-Free Cash Flow (P/FCF) Ratio | 36.98 | 37.70 | 32.34 | 30.71 | 37.32 |
| Price-to-Operating Cash Flow Ratio | 18.68 | 19.84 | 18.14 | 16.85 | 20.96 |
| Price-to-Earnings Growth (PEG) Ratio | 0.56 | -3.78 | -5.48 | 1.10 | 0.28 |
| Enterprise Value Multiple | 18.16 | 23.32 | 20.13 | 18.94 | 23.28 |
| Enterprise Value | 54.19B | 52.55B | 45.52B | 41.10B | 40.66B |
| EV to EBITDA | 18.16 | 23.32 | 20.13 | 18.94 | 23.28 |
| EV to Sales | 5.72 | 5.89 | 5.67 | 5.70 | 6.61 |
| EV to Free Cash Flow | 44.43 | 44.80 | 38.16 | 37.03 | 42.63 |
| EV to Operating Cash Flow | 22.45 | 23.57 | 21.40 | 20.32 | 23.94 |
| Tangible Book Value Per Share | -8.37 | -8.07 | -5.07 | -5.68 | -2.09 |
| Shareholders’ Equity Per Share | 32.04 | 30.46 | 29.75 | 27.62 | 26.76 |
| Tax and Other Ratios | |||||
| Effective Tax Rate | 0.24 | 0.19 | 0.22 | 0.20 | 0.20 |
| Revenue Per Share | 36.79 | 34.57 | 31.02 | 28.02 | 23.55 |
| Net Income Per Share | 4.18 | 2.39 | 2.95 | 3.25 | 2.37 |
| Tax Burden | 0.76 | 0.81 | 0.78 | 0.80 | 0.80 |
| Interest Burden | 0.81 | 0.70 | 0.78 | 0.84 | 0.83 |
| Research & Development to Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A to Revenue | 0.10 | 0.10 | 0.10 | 0.10 | 0.10 |
| Stock-Based Compensation to Revenue | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 |
| Income Quality | 2.24 | 3.62 | 2.79 | 2.42 | 2.75 |
Currency in USD