WCN
Waste Connections, Inc.
NYSEUSDEQUITY
Industrials
DELAYED
Last price
169.40
▲ 1.07 (0.64%)
MARKET · —
Price
Open
168.33
Prev close
168.33
Day high
170.20
Day low
168.29
Volume
714.66K
Market cap
$42.62B
P/E (TTM)
41.02
52W range
146.89 – 185.33
Trailing performance
Returnvs SPY
1W
+1.87%
+3.2%
1M
+0.84%
-2.9%
3M
+8.75%
+5.7%
6M
+3.53%
-7.5%
YTD
-3.40%
-15.7%
1Y
-8.83%
-28.8%
3Y
+21.84%
-52.3%
5Y
—
—
Price return only. Dividends are not reinvested, so total return on a dividend payer will be higher than shown.
Fundamentals
Market cap$42.62B
Enterprise value$52.24B
Revenue (TTM)$9.76B
Gross profit$4.15B
EBITDA$3.12B
Net income$1.06B
EPS (TTM)$4.13
Free cash flow$1.05B
Total cash$100.52M
Total debt$9.64B
Book value / share$31.41
Shares outstanding251.57M
Float251.18M
Short % of float1.46%
Dividend yield0.83%
Beta (5Y)0.48
Valuation & profitability ratios
Trailing P/E41.02
Forward P/E27.29
PEG ratio2.36
Price / sales—
Price / book5.39
EV / revenue5.35
EV / EBITDA16.72
Gross margin42.53%
Operating margin19.70%
Profit margin10.86%
Return on equity13.03%
Return on assets5.49%
Debt / equity121.68
Current ratio0.66
Fourteen ratios including P/E, PEG, EV/EBITDA, margins and return on equity.
Financial statements
| Line item | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Total revenue | $9.47B | $8.92B | $8.02B | $7.21B |
| Cost of revenue | $0 | $0 | $0 | $0 |
| Gross profit | $0 | $0 | $0 | $0 |
| R&D | — | — | — | — |
| SG&A | — | — | — | — |
| Operating income | — | — | — | — |
| Pre-tax income | — | — | — | — |
| Tax provision | $0 | $0 | $0 | $0 |
| Net income | $1.08B | $617.57M | $762.80M | $835.66M |
| EBIT | $0 | $0 | $0 | $0 |
| Line item | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Cash & equivalents | — | — | — | — |
| Short-term investments | — | — | — | — |
| Net receivables | — | — | — | — |
| Inventory | — | — | — | — |
| Total current assets | — | — | — | — |
| Total assets | — | — | — | — |
| Total current liabilities | — | — | — | — |
| Long-term debt | — | — | — | — |
| Total liabilities | — | — | — | — |
| Retained earnings | — | — | — | — |
| Shareholder equity | — | — | — | — |
| Line item | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Net income | $1.08B | $617.57M | $762.80M | $835.66M |
| Depreciation | — | — | — | — |
| Change in working capital | — | — | — | — |
| Operating cash flow | — | — | — | — |
| Capital expenditure | — | — | — | — |
| Investing cash flow | — | — | — | — |
| Dividends paid | — | — | — | — |
| Buybacks | — | — | — | — |
| Financing cash flow | — | — | — | — |
| Net change in cash | — | — | — | — |
Earnings
Reported vs expected · EPS
| Quarter | Est. | Actual | Surprise |
|---|---|---|---|
| Jun 2026 | 1.35 | 1.50 | +10.8% |
| Mar 2026 | 1.18 | 1.23 | +3.9% |
| Dec 2025 | 1.27 | 1.29 | +1.5% |
| Sep 2025 | 1.38 | 1.44 | +4.5% |
Forward consensus
| Period | EPS | Analysts | Revenue | Growth |
|---|---|---|---|---|
| Current quarter | 1.51 | 23 | $2.60B | +5.9% |
| Next quarter | 1.39 | 23 | $2.51B | +5.8% |
| Current year | 5.64 | 26 | $10.04B | +6.1% |
| Next year | 6.21 | 26 | $10.62B | +5.7% |
Analyst targets & ownership
Mean target$200.60
High target$220.00
Low target$162.00
Implied upside18.42%
Analyst count25
ConsensusSTRONG BUY
Strong buy / Buy6 / 18
Hold4
Sell / Strong sell0 / 0
Held by insiders0.26%
Held by institutions91.84%
Institutions holding1.21K
Price targets, consensus spread, insider and institutional ownership.
Insider net activity
Net shares
0
Net selling
Buy transactions
0
0 shares
Sell transactions
0
—
Net transactions
0
Buys less sells
Sell : buy shares
—
Not enough filings
Insider-held shares
645.25K
Total on file
Insider transactions
| Date | Insider | Action | Shares | Value | Held |
|---|---|---|---|---|---|
| Aug 13, 26 | NETHERTON SUSAN RHEA Officer |
SELL | 1.75K | $290.50K | Direct |
| Jul 29, 26 | NIELSEN ROBERT III Officer |
SELL | 300 | $51.93K | Direct |
| Jul 28, 26 | CLONINGER ROBERT MICHAEL General Counsel |
SELL | 2.81K | $480.75K | Direct |
| Jun 9, 26 | SHEA PATRICK JAMES General Counsel |
STOCK | 115 | $0 | Direct |
| Jun 5, 26 | SHEA PATRICK JAMES General Counsel |
SELL | 7.50K | $1.17M | Direct |
| Jun 5, 26 | CRAFT JASON JON Chief Operating Officer |
SELL | 1.50K | $234.89K | Direct |
| May 14, 26 | NIELSEN ROBERT III Officer |
SELL | 500 | $77.78K | Direct |
| May 13, 26 | NIELSEN ROBERT III Officer |
SELL | 627 | $95.35K | Direct |
| May 12, 26 | MITTELSTAEDT RONALD JAMES Chief Executive Officer |
BUY | 50.00K | $7.61M | Direct |
| Apr 30, 26 | HANSEN ERIC O Chief Technology Officer |
SELL | 6.00K | $988.92K | Direct |
| Apr 27, 26 | LITTLE JAMES MICHAEL Officer |
SELL | 2.60K | $427.17K | Direct |
| Apr 1, 26 | FLORNESS DANIEL LARS Director |
— | 332 | — | Direct |
| Mar 4, 26 | TAN DEREK Officer |
SELL | 1.17K | $200.62K | Direct |
| Feb 18, 26 | MITTELSTAEDT RONALD JAMES Chief Executive Officer |
— | 878 | — | Direct |
What this is, and what it is not
These are SEC Form 4 filings — officers, directors and 10% owners reporting their own trades in the company's stock. Filing is due within two business days of the transaction, so this lags reality by days, and the provider adds its own lag on top.
A sale is not automatically bearish. Executives sell on scheduled 10b5-1 plans, to cover tax on vesting equity, and to diversify. Purchases with cash are generally the more informative signal, and they are far rarer.
This does not include congressional or senate trading. That comes from STOCK Act disclosures filed with the Senate eFD system and the House Clerk, which this data source does not carry.
Officer and director trades in their own stock, straight from Form 4 filings.
Insider holders
| Name | Relation | Shares held | Latest |
|---|---|---|---|
BLACK MATTHEW STEPHEN |
Officer | 43.76K | Conversion of Exercise of derivative security |
CHAMBLISS DARRELL W |
Officer | 92.00K | Stock Gift |
CRAFT JASON JON |
Chief Operating Officer | 32.86K | Sale |
GUILLET EDWARD E |
Director | 15.17K | Conversion of Exercise of derivative security |
HANSEN ERIC O |
Chief Technology Officer | 13.35K | Sale |
LITTLE JAMES MICHAEL |
Officer | 48.44K | Sale |
MITTELSTAEDT RONALD JAMES |
Chief Executive Officer | 301.02K | Purchase |
NETHERTON SUSAN RHEA |
Officer | 12.98K | Sale |
SHEA PATRICK JAMES |
General Counsel | 19.94K | Stock Gift |
WHITNEY MARY ANNE G |
Chief Financial Officer | 62.44K | Conversion of Exercise of derivative security |
Moving averages & technicals
SMA 10
166.72
+1.60% from price
SMA 20
167.21
+1.31% from price
SMA 50
166.26
+1.89% from price
SMA 100
162.09
+4.51% from price
SMA 200
165.64
+2.27% from price
EMA 12
167.30
+1.26% from price
EMA 26
167.08
+1.39% from price
EMA 50
165.84
+2.15% from price
RSI (14)
56.4
Neutral
MACD (12,26,9)
0.22
Hist 0.14
ATR (14)
3.02
1.78% of price
Realised vol 30D
19.2%
Annualised
Bollinger upper
171.11
20, 2σ
Bollinger lower
163.32
20, 2σ
50 / 200 cross
Golden
166.26 vs 165.64
Trend bias
Above 200
+2.27%
Risk profile
Beta vs SPY
-0.15
Less volatile than market
Correlation to SPY
-0.09
Largely independent
Realised vol 30D
19.2%
Annualised
Market vol 1Y
12.9%
SPY, annualised
Max drawdown 1Y
-20.1%
Peak to trough
Max drawdown 5Y
-25.5%
Peak to trough
ATR 14
3.02
1.78% of price
Beta (reported)
0.48
5Y monthly, from filing
Unusual options activity
Nothing crossed the thresholds in the expiries we scanned.
That is the normal state — most contracts trade well inside their existing open interest.
That is the normal state — most contracts trade well inside their existing open interest.
Contracts trading at or above their open interest, ranked by notional and where the print landed.
Options analytics
Put / call volume
0.38
Call-heavy session
Put / call open interest
1.31
Positioning, not flow
Max pain
175.00
+3.3% from spot
ATM implied vol
25.6%
Nearest strike to spot
Skew (10% OTM)
+8.0%
Puts bid over calls
Call volume
175
Contracts, this expiry
Put volume
66
Contracts, this expiry
Heaviest call OI
180.00
235 contracts
Heaviest put OI
160.00
206 contracts
Max pain is the strike at which the largest dollar value of open contracts expires worthless. It describes current positioning; it is not a forecast and it moves as open interest changes.
Put/call ratios, max pain, implied volatility skew and where open interest is concentrated.
Options chain
Calls
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Puts
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Every listed expiry, both sides of the book, with volume, open interest and implied volatility.
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PRIVATE STRATEGY · BY QUALIFICATION
The same data. A different seat.
The research you are reading is the input layer for a discretionary options program we run for a small number of qualified investors. Minimum $1,000,000.