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Waste Connections Inc. Quality Score

WCN

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Quality53

Valuation is the primary weakness (avg 40/100). No single area scores well.

Broad-market heuristics · Not a buy/sell signal

Valuation and growth

Earnings Multiple
40/100
42.9x

Above 30x, priced for sustained outperformance

Cash Flow Multiple
40/100
38.4x

Above 30x, cash flow yield is thin

Revenue Growth
70/100
8.4%

5–10% CAGR, steady but not exceptional

Cash Flow Growth
50/100
3.0%

2–5% CAGR, growing but slowly

Business Quality & Capital Allocation

Share Dilution
100/100
-2.4%

Shrinking >2%, active buybacks

Margin Trend
70/100
+0.5pp

Slight expansion, directionally positive

Capital Structure
0/100
$9.68B

Net debt/FCF of 7.7x, high leverage

2022
$79.0M
$7.11B
2023
$78.0M
$7.03B
2024
$62.0M
$8.40B
2025
$46.0M
$9.15B
TTM
$96.0M
$9.77B
CashDebt
Return on Capital
40/100
8.2%

8–10%, clearing the bar

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Waste Connections (WCN) quality: score, margins and returns

Waste Connections (WCN) scores 53/100 on Intrinsiqq's quality score (a mixed business), a weighted blend of 8 metrics each scored 0 to 100, on 17.7% operating margins and 8.2% ROIC. Every metric is computed from SEC filings; this is analysis, not investment advice.

Frequently asked

Is Waste Connections (WCN) a high-quality business?+

Waste Connections scores 53 out of 100 on Intrinsiqq's quality score, a weighted blend of 8 metrics each scored 0 to 100, which rates it a mixed business on these measures. Recent figures include a 17.7% operating margin and a 8.2% return on invested capital. Quality and price are separate questions: even a great business can be a poor investment if you overpay, so read this score alongside the valuation. The metric-by-metric breakdown is on this scorecard.

What does Waste Connections's quality score measure?+

Intrinsiqq's quality score weighs revenue and free-cash-flow growth, operating margins, return on invested capital, change in share count, and balance-sheet strength, each computed from WCN's SEC filings rather than opinion or sentiment. A higher score means a more durable, capital-efficient business; it is not a buy or sell signal. Open each metric on this page to see exactly where Waste Connections scores well and where it falls behind.

What is Waste Connections's return on invested capital (ROIC)?+

Waste Connections earns about 8.2% on its invested capital, which is modest. ROIC measures how much profit a company generates per dollar put to work; sustained ROIC above its cost of capital is one of the clearest signs of a real competitive moat. Compare it to WCN's margins and growth on this scorecard to judge durability.

How profitable is Waste Connections?+

Waste Connections runs an operating margin of about 17.7% and a net margin of about 11.4%. Revenue has grown at roughly 11.7% a year recently. High, stable margins usually point to pricing power and operating discipline. Margins are most telling next to growth and returns on capital, all of which feed this quality score. This is analysis from SEC filings, not investment advice.

How the market compares: US profitability statistics

SourceQuality score computed from the 10-Q filed 9 Oct 2026, covering the period ending 30 Sept 2026, as reported to the SEC. Data last refreshed 23 Oct 2026. How this is calculated.

Fiscal year ends Dec. Sector medians are approximate S&P 500 benchmarks and update periodically. Checks use broad-market heuristics, so sector norms may differ, and the valuation checks are more cyclical than the quality checks.

Peers

Refuse Systems · Pick stocks to compare with WCN

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WMWaste Management Inc.
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CLHClean Harbors Inc.
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WECWEC Energy Group Inc.
$118.11+2.35%26
CNPCenterPoint Energy Inc.
$41.04-3.50%24
PPLPPL Corporation
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CMSCMS Energy Corporation
$70.98+1.40%23

Held by ETFs

WCN is in 97 US ETFs. The largest of them, with WCN's weight in each:

Spot a number that looks wrong? Check it in WCN's SEC filings or

Download this analysis as a PDF (Pro)

Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.

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Not financial advice. Analytical data for research only.

Intrinsiqq is a Netherlands-based company operating in Rotterdam, KvK 73238007.