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Waste Connections is the third-largest integrated provider of traditional solid waste and recycling services in the North America, operating 103 active landfills (9 are exploration and production waste landfills and 16 are nonmunicipal waste landfills), 157 transfer stations, and 81 recycling operations. The firm serves residential, commercial, industrial, and energy end markets. Waste Connections entered the Canadian market with its 2016 merger with Progressive Waste. In 2023, 12% of consolidated revenue was generated from the firm's Canadian segment.
2016
23.9K+
LTM Revenue $9.1B
LTM EBITDA $3.0B
$58.9B
Benchmark forward-looking revenue and EBITDA valuation multiples across generative AI, climate tech, semiconductors, online marketplaces, vertical SaaS and 220 more verticals.
Waste Connections has a last 12-month revenue of $9.1B and a last 12-month EBITDA of $3.0B.
In the most recent fiscal year, Waste Connections achieved revenue of $8.9B and an EBITDA of $2.3B.
Waste Connections expects next 12-month revenue of XXX and NTM EBITDA of XXX
See Waste Connections valuation multiples based on analyst estimates| FY 2023 | FY 2024 | FY 2025 | LTM | NTM | |
|---|---|---|---|---|---|
| Revenue | $8.0B | $8.9B | XXX | XXX | XXX |
| Gross Profit | $2.9B | $3.3B | XXX | XXX | XXX |
| Gross Margin | 36% | 37% | XXX | XXX | XXX |
| EBITDA | $2.3B | $2.3B | XXX | XXX | XXX |
| EBITDA Margin | 28% | 25% | XXX | XXX | XXX |
| Net Profit | $836M | $763M | XXX | XXX | XXX |
| Net Margin | 10% | 9% | XXX | XXX | XXX |
| Net Debt | $6.8B | $6.7B | XXX | XXX | XXX |
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As of April 15, 2025, Waste Connections's stock price is $196.
Waste Connections has current market cap of $50.6B, and EV of $58.9B.
See Waste Connections trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $58.9B | $50.6B | XXX | XXX | XXX | XXX | $4.92 |
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Sign UpAs of April 15, 2025, Waste Connections has market cap of $50.6B and EV of $58.9B.
Waste Connections's trades at 6.5x LTM EV/Revenue multiple, and 19.8x LTM EBITDA.
Analysts estimate Waste Connections's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See valuation multiples for Waste Connections and 10K+ public comps| FY 2024 | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|
| EV | $58.9B | XXX | XXX | XXX |
| EV/Revenue | 6.6x | XXX | XXX | XXX |
| EV/EBITDA | 26.1x | XXX | XXX | XXX |
| P/E | 81.9x | XXX | XXX | XXX |
| P/E/Growth | 1.4x | XXX | XXX | XXX |
| EV/FCF | 50.2x | XXX | XXX | XXX |
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Access all public comps and forward-looking valuation multiples like EV/Revenue in 2025, based on equity research analyst estimates.
Sign UpWaste Connections's NTM/LTM revenue growth is 7%
Waste Connections's revenue per employee for the last fiscal year averaged $0.4M, while opex per employee averaged $0.1M for the same period.
Over next 12 months, Waste Connections's ratio of sales and marketing spend to revenue is estimated to be XXX , while its R&D spend to revenue to be XXX .
Analysts estimate Waste Connections's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See operational valuation multiples for Waste Connections and other 10K+ public comps| FY 2024 | NTM | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|---|
| Revenue Growth | 11% | XXX | XXX | XXX | XXX |
| EBITDA Margin | 25% | XXX | XXX | XXX | XXX |
| EBITDA Growth | 0% | XXX | XXX | XXX | XXX |
| Rule of 40 (SaaS-only) | 32% | XXX | XXX | XXX | XXX |
| Revenue per Employee | $0.4M | XXX | XXX | XXX | XXX |
| Opex per Employee | $0.1M | XXX | XXX | XXX | XXX |
| S&M Expenses to Revenue | n/a | XXX | XXX | XXX | XXX |
| G&A Expenses to Revenue | n/a | XXX | XXX | XXX | XXX |
| R&D Expenses to Revenue | n/a | XXX | XXX | XXX | XXX |
| Opex to Revenue | 23% | XXX | XXX | XXX | XXX |
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Benchmark public comps and private revenue and EBITDA valuation multiples across GRC software, cloud infrastructure, DevOps, online marketplaces and so much more!
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| 2025E | 2026E | 2027E | 2025E | 2026E | 2027E | |
| Arcadis | XXX | XXX | XXX | XXX | XXX | XXX |
| Envipco | XXX | XXX | XXX | XXX | XXX | XXX |
| Cleanaway | XXX | XXX | XXX | XXX | XXX | XXX |
| The Environmental Group | XXX | XXX | XXX | XXX | XXX | XXX |
| EnviroSuite | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
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Waste Connections acquired XXX companies to date.
Last acquisition by Waste Connections was XXXXXXXX, XXXXX XXXXX XXXXXX . Waste Connections acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX ).
See M&A valuation multiples| Acquired Company | EV | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
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Sign Up| When was Waste Connections founded? | Waste Connections was founded in 2016. |
| Where is Waste Connections headquartered? | Waste Connections is headquartered in United States of America. |
| How many employees does Waste Connections have? | As of today, Waste Connections has 23.9K+ employees. |
| Who is the CEO of Waste Connections? | Waste Connections's CEO is Mr. Ronald J. Mittelstaedt. |
| Is Waste Connections publicy listed? | Yes, Waste Connections is a public company listed on NYS. |
| What is the stock symbol of Waste Connections? | Waste Connections trades under WCN ticker. |
| When did Waste Connections go public? | Waste Connections went public in 1987. |
| Who are competitors of Waste Connections? | Similar companies to Waste Connections include e.g. Arcadis, Envipco, Cleanaway, The Environmental Group. |
| What is the current market cap of Waste Connections? | Waste Connections's current market cap is $50.6B |
| What is the current revenue of Waste Connections? | Waste Connections's last 12-month revenue is $9.1B. |
| What is the current EBITDA of Waste Connections? | Waste Connections's last 12-month EBITDA is $3.0B. |
| What is the current EV/Revenue multiple of Waste Connections? | Current revenue multiple of Waste Connections is 6.5x. |
| What is the current EV/EBITDA multiple of Waste Connections? | Current EBITDA multiple of Waste Connections is 19.8x. |
| What is the current revenue growth of Waste Connections? | Waste Connections revenue growth between 2023 and 2024 was 11%. |
| Is Waste Connections profitable? | Yes, Waste Connections is EBITDA-positive (as of the last 12 months). |
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