Waste Connections annual gross margin
2014
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2025
Waste Connections Gross Margin Growth & History (WCN)
Waste Connections's gross margin was 42.37% for fiscal 2025.
View full Waste Connections company overviewWaste Connections annual gross margin history
| Fiscal year | Period ended | Gross margin | Change (percentage points) |
|---|---|---|---|
| 2025 | 2025-12-31 | 42.37% | +0.58 pp |
| 2024 | 2024-12-31 | 41.79% | +0.94 pp |
| 2023 | 2023-12-31 | 40.86% | +0.98 pp |
| 2022 | 2022-12-31 | 39.88% | −0.72 pp |
| 2021 | 2021-12-31 | 40.60% | +0.77 pp |
| 2020 | 2020-12-31 | 39.83% | −0.81 pp |
| 2019 | 2019-12-31 | 40.64% | −1.15 pp |
| 2018 | 2018-12-31 | 41.79% | +0.20 pp |
| 2017 | 2017-12-31 | 41.59% | −0.42 pp |
| 2016 | 2016-12-31 | 42.01% | +3.15 pp |
| 2015 | 2015-12-31 | 38.85% | −4.48 pp |
| 2014 | 2014-12-31 | 43.34% | — |
Waste Connections quarterly gross margin
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Q3.15
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Q4.16
Q1.17
Q2.17
Q3.17
Q4.17
Q1.18
Q2.18
Q3.18
Q4.18
Q1.19
Q2.19
Q3.19
Q4.19
Q1.20
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Q3.20
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Q1.21
Q2.21
Q3.21
Q4.21
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Q2.22
Q3.22
Q4.22
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Q2.23
Q3.23
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Q1.26
Q2.26
| Fiscal quarter | Period ended | Gross margin | Change (percentage points) |
|---|---|---|---|
| Q2 2026 | 2026-06-30 | 42.25% | +0.12 pp |
| Q1 2026 | 2026-03-31 | 42.58% | +0.54 pp |
| Q4 2025 | 2025-12-31 | 42.52% | +1.13 pp |
| Q3 2025 | 2025-09-30 | 42.77% | +0.25 pp |
| Q2 2025 | 2025-06-30 | 42.13% | +0.01 pp |
| Q1 2025 | 2025-03-31 | 42.04% | +0.99 pp |
| Q4 2024 | 2024-12-31 | 41.39% | +0.12 pp |
| Q3 2024 | 2024-09-30 | 42.52% | +0.87 pp |
| Q2 2024 | 2024-06-30 | 42.13% | +1.37 pp |
| Q1 2024 | 2024-03-31 | 41.05% | +1.40 pp |
| Q4 2023 | 2023-12-31 | 41.26% | +2.14 pp |
| Q3 2023 | 2023-09-30 | 41.66% | +1.27 pp |
| Q2 2023 | 2023-06-30 | 40.76% | +0.65 pp |
| Q1 2023 | 2023-03-31 | 39.65% | −0.24 pp |
| Q4 2022 | 2022-12-31 | 39.12% | −0.49 pp |
| Q3 2022 | 2022-09-30 | 40.39% | −0.38 pp |
| Q2 2022 | 2022-06-30 | 40.11% | −1.14 pp |
| Q1 2022 | 2022-03-31 | 39.89% | −0.94 pp |
| Q4 2021 | 2021-12-31 | 39.61% | +0.18 pp |
| Q3 2021 | 2021-09-30 | 40.76% | +0.41 pp |
| Q2 2021 | 2021-06-30 | 41.25% | +1.42 pp |
| Q1 2021 | 2021-03-31 | 40.83% | +1.13 pp |
| Q4 2020 | 2020-12-31 | 39.43% | −0.79 pp |
| Q3 2020 | 2020-09-30 | 40.35% | −0.52 pp |
| Q2 2020 | 2020-06-30 | 39.83% | −0.61 pp |
| Q1 2020 | 2020-03-31 | 39.71% | −1.35 pp |
| Q4 2019 | 2019-12-31 | 40.22% | −0.75 pp |
| Q3 2019 | 2019-09-30 | 40.88% | −1.66 pp |
| Q2 2019 | 2019-06-30 | 40.44% | −1.09 pp |
| Q1 2019 | 2019-03-31 | 41.05% | −1.08 pp |
| Q4 2018 | 2018-12-31 | 40.97% | −0.23 pp |
| Q3 2018 | 2018-09-30 | 42.54% | +0.16 pp |
| Q2 2018 | 2018-06-30 | 41.53% | −0.12 pp |
| Q1 2018 | 2018-03-31 | 42.13% | +1.09 pp |
| Q4 2017 | 2017-12-31 | 41.20% | +0.13 pp |
| Q3 2017 | 2017-09-30 | 42.38% | +1.03 pp |
| Q2 2017 | 2017-06-30 | 41.65% | −1.14 pp |
| Q1 2017 | 2017-03-31 | 41.04% | −3.16 pp |
| Q4 2016 | 2016-12-31 | 41.07% | — |
| Q3 2016 | 2016-09-30 | 41.35% | −3.73 pp |
| Q2 2016 | 2016-06-30 | 42.79% | −1.23 pp |
| Q1 2016 | 2016-03-31 | 44.20% | — |
| Q3 2015 | 2015-09-30 | 45.08% | — |
| Q2 2015 | 2015-06-30 | 44.02% | — |
Waste Connections gross margin trends
Over the last five fiscal years, Waste Connections's gross margin increased from 39.83% to 42.37%, a change of +2.54 percentage points. The latest reported quarter, Q2 2026, shows 42.25%.
About the metric
What gross margin means
Gross margin measures the percentage of revenue remaining after the direct costs of producing goods or services. It helps show how efficiently a company turns sales into gross profit before operating expenses.
Calculation and source
How gross margin is calculated
TickerStat calculates gross margin as SEC-reported gross profit divided by SEC-reported revenue for the same fiscal period. Changes are shown in percentage points. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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