The Bid & Ask

Quotations, Dispatches, and the Daily Tape

Friday, August 14, 2026

Subject of the day

WCN.TO

Concerning the House

Waste Connections, Inc. provides non-hazardous waste collection, transfer, and disposal services in the United States and Canada. It offers collection services to residential, commercial, municipal, industrial, and exploration and production (E&P) customers; landfill disposal services; and recycling services for various recyclable materials, including compost, cardboard, mixed paper, plastic containers, glass bottles, and ferrous and aluminum metals. The company owns and operates transfer stations that receive, compact, and/or load waste to be transported to landfills or treatment facilities through truck, rail, or barge; develops, owns, and operates projects or the beneficial reuse of landfill gas through landfill network; and intermodal services for the movement of cargo and solid waste containers. In addition, it provides E&P waste treatment, recovery, and disposal services for waste created through the initial drilling and completion of an oil or natural gas well, such as drilling fluids, drill cuttings, completion fluids, and flowback water; production wastes and produced water during a well's operating life; contaminated soils that require treatment during site reclamation; and substances, which require clean-up after a spill, reserve pit clean-up, or pipeline rupture. Waste Connections, Inc. was founded in 1997 and is based in Woodbridge, Canada.

Canada · www.wasteconnections.com

The Ledger
LineJun 2025Sep 2025Dec 2025Mar 2026
Revenue$2.41B$2.46B$2.37B$2.37B
Gross profit$1.01B$1.05B$1.01B$1.01B
Operating income$463.57M$499.72M$459.94M$443.66M
Net income$290.28M$286.27M$258.50M$219.34M
Diluted EPS1.121.010.86
Free cash flow$352.89M$380.28M$157.45M$249.00M
CapEx-$285.31M-$297.17M-$399.43M-$296.60M
Quotation

$230.86

+0.34 (+0.1%)

52w hi$257.18
52w lo$205.30
Vol347.14K
As ofAug 13
The Verdict

Hold

Our score +0.01

Short-0.08
Medium+0.02
Long+0.15

computed 2026-08-13

By the Numbers

Waste Connections, Inc.

Industrials · Waste Management

Market cap$58.08B
Enterprise value$67.64B
Trailing P/E40.08x
Forward P/E26.73x
EV / EBITDA21.65x
P / S (ttm)5.95x
Profit margin10.9%
Return on equity13.0%
Revenue growth+6.4%
Earnings growth+4.4%
Debt / equity121.68
Risk Metrics
Beta vs SPX0.12
Corr SPX0.10
Annual vol20.6%
Annual ret-0.2%
Sharpe-0.01
Max DD-26.7%

Window: 504 trading days (493 obs)

Layer Breakdown
LayerRawContribution
Fundamental+0.26
Sector+0.07
Technical+0.00
Earnings+0.00
Sentiment+0.00

macro × 1.00 · 2026-08-13

Recent Sessions
DateOpenHighLowCloseVol
Aug 13$231.00$231.93$229.09$230.86347.14K
Aug 12$230.38$233.74$229.00$230.52313.40K
Aug 11$231.74$234.07$230.39195.02K
Aug 10$232.01$233.17$230.65$231.82229.40K
Aug 7$232.76$236.06$230.27$232.06363.60K