Waste Connections annual free cash flow
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Waste Connections Free Cash Flow (FCF) History (WCN)
Waste Connections reported $1.23B in free cash flow for fiscal 2025, an increase of 5.28% from the previous fiscal year, with a free cash flow margin of 13.04%.
View full Waste Connections company overviewWaste Connections free cash flow by year
| Fiscal year | Period ended | Free cash flow | Change | Growth | FCF margin |
|---|---|---|---|---|---|
| 2025 | 2025-12-31 | $1.23B | $61.9M | +5.28% | +13.04% |
| 2024 | 2024-12-31 | $1.17B | −$19.9M | −1.67% | +13.15% |
| 2023 | 2023-12-31 | $1.19B | $83.0M | +7.48% | +14.87% |
| 2022 | 2022-12-31 | $1.11B | $155.9M | +16.34% | +15.39% |
| 2021 | 2021-12-31 | $953.9M | $142.4M | +17.55% | +15.51% |
| 2020 | 2020-12-31 | $811.5M | −$94.7M | −10.45% | +14.90% |
| 2019 | 2019-12-31 | $906.1M | $41.1M | +4.75% | +16.82% |
| 2018 | 2018-12-31 | $865.1M | $157.1M | +22.19% | +17.57% |
| 2017 | 2017-12-31 | $708.0M | $257.4M | +57.12% | +15.29% |
| 2016 | 2016-12-31 | $450.6M | $71.5M | +18.86% | +13.35% |
| 2015 | 2015-12-31 | $379.1M | $162.2M | +74.79% | +19.69% |
| 2014 | 2014-12-31 | $216.9M | −$25.6M | −10.57% | +10.80% |
| 2013 | 2013-12-31 | $242.5M | $86.1M | +55.03% | +11.97% |
| 2012 | 2012-12-31 | $156.4M | −$126.9M | −44.79% | +8.25% |
| 2011 | 2011-12-31 | $283.4M | $87.1M | +44.41% | +15.40% |
| 2010 | 2010-12-31 | $196.2M | — | — | +13.72% |
Waste Connections quarterly free cash flow
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Q1.23
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Q2.25
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Q1.26
Q2.26
| Fiscal quarter | Period ended | Free cash flow | Change | YoY growth | FCF margin |
|---|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $430.9M | $78.0M | +22.12% | +16.82% |
| Q1 2026 | 2026-03-31 | $249.0M | −$80.1M | −24.33% | +10.50% |
| Q4 2025 | 2025-12-31 | $172.6M | $345,000 | +0.20% | +7.27% |
| Q3 2025 | 2025-09-30 | $380.3M | $94.1M | +32.88% | +15.47% |
| Q2 2025 | 2025-06-30 | $352.9M | −$41.3M | −10.47% | +14.66% |
| Q1 2025 | 2025-03-31 | $329.1M | $8.7M | +2.72% | +14.77% |
| Q4 2024 | 2024-12-31 | $172.2M | −$65.3M | −27.48% | +7.62% |
| Q3 2024 | 2024-09-30 | $286.2M | −$46.6M | −14.00% | +12.24% |
| Q2 2024 | 2024-06-30 | $394.2M | $38.2M | +10.72% | +17.53% |
| Q1 2024 | 2024-03-31 | $320.4M | $53.8M | +20.18% | +15.46% |
| Q4 2023 | 2023-12-31 | $237.5M | $9.5M | +4.17% | +11.67% |
| Q3 2023 | 2023-09-30 | $332.8M | $53.2M | +19.02% | +16.12% |
| Q2 2023 | 2023-06-30 | $356.0M | $42.3M | +13.49% | +17.61% |
| Q1 2023 | 2023-03-31 | $266.6M | −$22.0M | −7.63% | +14.03% |
| Q4 2022 | 2022-12-31 | $228.0M | $64.6M | +39.50% | +12.20% |
| Q3 2022 | 2022-09-30 | $279.6M | $66.2M | +31.01% | +14.87% |
| Q2 2022 | 2022-06-30 | $313.7M | $40.2M | +14.69% | +17.27% |
| Q1 2022 | 2022-03-31 | $288.6M | −$15.0M | −4.95% | +17.53% |
| Q4 2021 | 2021-12-31 | $163.4M | $116.8M | +250.80% | +10.06% |
| Q3 2021 | 2021-09-30 | $213.4M | −$67.0M | −23.90% | +13.36% |
| Q2 2021 | 2021-06-30 | $273.5M | $20.8M | +8.24% | +17.83% |
| Q1 2021 | 2021-03-31 | $303.6M | $71.8M | +30.97% | +21.75% |
| Q4 2020 | 2020-12-31 | $46.6M | −$107.6M | −69.79% | +3.33% |
| Q3 2020 | 2020-09-30 | $280.4M | $27.8M | +10.99% | +20.18% |
| Q2 2020 | 2020-06-30 | $252.7M | $2.9M | +1.18% | +19.35% |
| Q1 2020 | 2020-03-31 | $231.8M | −$17.7M | −7.10% | +17.14% |
| Q4 2019 | 2019-12-31 | $154.2M | −$46.6M | −23.19% | +11.32% |
| Q3 2019 | 2019-09-30 | $252.6M | $51.6M | +25.66% | +17.89% |
| Q2 2019 | 2019-06-30 | $249.7M | $2.5M | +1.03% | +18.23% |
| Q1 2019 | 2019-03-31 | $249.5M | $33.5M | +15.51% | +20.05% |
| Q4 2018 | 2018-12-31 | $200.8M | $63.8M | +46.59% | +15.92% |
| Q3 2018 | 2018-09-30 | $201.1M | −$20.6M | −9.31% | +15.69% |
| Q2 2018 | 2018-06-30 | $247.2M | $94.2M | +61.54% | +19.94% |
| Q1 2018 | 2018-03-31 | $216.0M | $19.8M | +10.07% | +18.95% |
| Q4 2017 | 2017-12-31 | $137.0M | $20.3M | +17.39% | +11.84% |
| Q3 2017 | 2017-09-30 | $221.7M | $35.4M | +18.98% | +18.38% |
| Q2 2017 | 2017-06-30 | $153.0M | $113.6M | +288.19% | +13.02% |
| Q1 2017 | 2017-03-31 | $196.3M | $88.1M | +81.50% | +17.99% |
| Q4 2016 | 2016-12-31 | $116.7M | $38.8M | +49.79% | +11.13% |
| Q3 2016 | 2016-09-30 | $186.3M | — | — | +17.18% |
| Q2 2016 | 2016-06-30 | $39.4M | — | — | +5.42% |
| Q1 2016 | 2016-03-31 | $108.1M | — | — | +21.01% |
| Q3 2015 | 2015-09-30 | $77.9M | — | — | +14.22% |
Waste Connections free cash flow growth trends
Over the last five reported fiscal years, free cash flow grew from $811.5M to $1.23B, a compound annual growth rate of 8.76%. Waste Connections's latest reported quarter, Q2 2026, generated $430.9M in free cash flow, an increase of 22.12% year over year.
About the metric
What free cash flow means
Free cash flow is the cash a company generates from operations after capital expenditures. Positive FCF can fund dividends, buybacks, debt repayment, or reinvestment; negative FCF means capital spending exceeded operating cash flow for that period.
Calculation and source
How free cash flow is calculated
TickerStat calculates free cash flow as SEC-reported operating cash flow minus capital expenditures. FCF margin equals free cash flow divided by revenue. Fiscal periods can differ from calendar years, so the tables include exact period-end dates.
Review Waste Connections filings at SEC.gov ↗