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Waste Connections is the third-largest integrated provider of traditional solid waste and recycling services in the North America, operating 113 active landfills (20 are exploration and production waste landfills and 16 are nonmunicipal waste landfills), 163 transfer stations, and 89 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 2024, 14% of consolidated revenue was generated from the firm's Canadian segment.
2016
23.9K+
LTM Revenue $9.2B
LTM EBITDA $3.0B
$59.5B
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 (LTM) of $9.2B 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| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue | $9.2B | XXX | $8.9B | XXX | XXX | XXX |
| Gross Profit | $3.8B | XXX | $3.7B | XXX | XXX | XXX |
| Gross Margin | 42% | XXX | 42% | XXX | XXX | XXX |
| EBITDA | $3.0B | XXX | $2.3B | XXX | XXX | XXX |
| EBITDA Margin | 33% | XXX | 25% | XXX | XXX | XXX |
| EBIT | $1.9B | XXX | $1.7B | XXX | XXX | XXX |
| EBIT Margin | 20% | XXX | 19% | XXX | XXX | XXX |
| Net Profit | $1.3B | XXX | $618M | XXX | XXX | XXX |
| Net Margin | 14% | XXX | 7% | XXX | XXX | XXX |
| Net Debt | XXX | XXX | $8.0B | XXX | XXX | XXX |
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As of May 30, 2025, Waste Connections's stock price is $197.
Waste Connections has current market cap of $50.9B, and EV of $59.5B.
See Waste Connections trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $59.5B | $50.9B | XXX | XXX | XXX | XXX | $4.96 |
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Start Free TrialAs of May 30, 2025, Waste Connections has market cap of $50.9B and EV of $59.5B.
Waste Connections's trades at 6.7x EV/Revenue multiple, and 26.4x EV/EBITDA.
Equity research analysts estimate Waste Connections's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Waste Connections has a P/E ratio of 39.6x.
See valuation multiples for Waste Connections and 12K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $50.9B | XXX | $50.9B | XXX | XXX | XXX |
| EV (current) | $59.5B | XXX | $59.5B | XXX | XXX | XXX |
| EV/Revenue | 6.5x | XXX | 6.7x | XXX | XXX | XXX |
| EV/EBITDA | 19.8x | XXX | 26.4x | XXX | XXX | XXX |
| EV/EBIT | 31.8x | XXX | 35.4x | XXX | XXX | XXX |
| EV/Gross Profit | 15.5x | XXX | n/a | XXX | XXX | XXX |
| P/E | 39.6x | XXX | 82.5x | XXX | XXX | XXX |
| EV/FCF | 47.1x | XXX | 50.7x | 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.
Start Free TrialWaste Connections's last 12 month revenue growth is 7%
Waste Connections's revenue per employee in the last FY averaged $0.4M, while opex per employee averaged $0.1M for the same period.
Waste Connections's rule of 40 is 35% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Waste Connections's rule of X is 50% (created by Bessemer, rule of X is another metric relevant for SaaS companies only, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
See operational valuation multiples for Waste Connections and other 12K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 7% | XXX | 7% | XXX | XXX | XXX |
| EBITDA Margin | 33% | XXX | 25% | XXX | XXX | XXX |
| EBITDA Growth | 9% | XXX | 18% | XXX | XXX | XXX |
| Rule of 40 | 35% | XXX | 32% | XXX | XXX | XXX |
| Bessemer Rule of X | XXX | XXX | 50% | XXX | XXX | XXX |
| Revenue per Employee | XXX | XXX | $0.4M | XXX | XXX | XXX |
| Opex per Employee | XXX | XXX | $0.1M | XXX | XXX | XXX |
| S&M Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| G&A Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| R&D Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| Opex to Revenue | XXX | XXX | 23% | 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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Start Free Trial| 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 $50.9B |
| What is the current revenue of Waste Connections? | Waste Connections's last 12 months revenue is $9.2B. |
| What is the current revenue growth of Waste Connections? | Waste Connections revenue growth (NTM/LTM) is 7%. |
| What is the current EV/Revenue multiple of Waste Connections? | Current revenue multiple of Waste Connections is 6.5x. |
| Is Waste Connections profitable? | Yes, Waste Connections is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Waste Connections? | Waste Connections's last 12 months EBITDA is $3.0B. |
| What is Waste Connections's EBITDA margin? | Waste Connections's last 12 months EBITDA margin is 33%. |
| What is the current EV/EBITDA multiple of Waste Connections? | Current EBITDA multiple of Waste Connections is 19.8x. |
| What is the current FCF of Waste Connections? | Waste Connections's last 12 months FCF is $1.3B. |
| What is Waste Connections's FCF margin? | Waste Connections's last 12 months FCF margin is 14%. |
| What is the current EV/FCF multiple of Waste Connections? | Current FCF multiple of Waste Connections is 47.1x. |
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