earnings
confidence high
sentiment positive
materiality 0.85
Waste Connections Q4 adj. EBITDA $795.6M (33.5% margin); 2026 outlook strong
Waste Connections, Inc.
2025-FY EPS reported
$4.17
revenue$9,466,915,000
- Q4 revenue $2.373B; adj. EBITDA $795.6M, +8.7% YoY; adj. EPS $1.29 vs $1.16.
- FY2025 revenue $9.467B; adj. EBITDA $3.125B (33.0% margin), +100bps excluding commodities.
- FY2026 outlook: revenue $9.90-9.95B; adj. EBITDA $3.300-3.325B; adj. FCF $1.40-1.45B.
- Completed ~$330M annualized revenue acquisitions in 2025; record shareholder returns $839.3M.
- Employee turnover and safety incidents at multi-year lows; operating momentum for 2026.
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