Waste Connections, Inc. (WCN) - Stock Analysis

Last updated: Jul 26, 2026

Research Idea

Research content for general circulation. Not individualized advice. Methodology & Disclosures

Defensive growth name with a recent positive catalyst: the 2026-07-22 earnings update showed an EPS beat, revenue and adjusted EBITDA growth above 6%, 32.8% EBITDA margin, and a raised full-year 2026 outlook. Pricing power and margin expansion remain supportive.

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Idea window: 7/27/2026 – 8/3/2026Sector: Industrials

AI Analyst Overview

Last Price
$169.73
Market Cap
$38.36B
1D Return
+0.07%
YTD Return
-2.79%

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Valuation Metrics

P/E
36.4
P/B
4.8
P/S
4.0
EV/EBITDA
17.3
Div Yield
0.90%

Price Behavior

6.0

Key Price Behavior Insights: • Orderly pullback • Holding support • Lower highs Support Level: $167.9-$168.0 Resistance Level: $171.9-$174.3 WCN remains structurally constructive over the last month, but its orderly pullback and sequence of lower highs show fading momentum as it consolidates below $171.9-$174.3, with $167.9-$168.0 as near-term support.

WCN
Consolidation

Sentiment & News

7.0

Key News Insights: • Earnings Beat • Raised Outlook • Cash Flow Pressure WCN beat Q2 estimates, raised full-year guidance, and showed strong pricing-driven margin resilience despite higher diesel, volume pressure, and cash flow headwinds.

Margins
Guidance
AI

AI Summary

6.5
Positive

WCN now looks less like a simple defensive compounder and more like a premium-priced execution story: the Q2 beat and raised guidance show pricing and margin discipline can still drive earnings growth, but remediation costs, RNG capex, and weak volume trends mean free cash flow and multiple expansion will hinge on sustained execution rather than macro help.

Execution
CashFlow
Valuation
AI summary updated 1 days ago

Description

Waste Connections, Inc. provides non-hazardous waste collection, transfer, disposal and resource recovery services across the United States and Canada for residential, commercial, municipal, industrial and energy-sector clients. The company operates an integrated network of collection routes, transfer stations, landfills, recycling facilities, intermodal terminals and oil-and-gas waste treatment and injection assets to move, process and dispose of municipal and exploration-and-production wastes. As of year-end 2021, its asset base included several hundred collection operations, scores of transfer stations and landfills, and multiple recycling and E&P treatment facilities, supporting regional solid-waste and industrial waste flows.

Idea History

DateCloseTickerCompanySummaryStatusP/L
Jul 27Aug 3WCNWaste Connections, Inc.
Defensive growth name with a recent positive catalyst: the 2026-07-22 earnings update showed an EPS beat, revenue and adjusted EBITDA growth above 6%, 32.8% EBITDA margin, and a raised full-year 2026 outlook. Pricing power and margin expansion remain supportive.
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Research content for educational purposes only. Not investment advice. All decisions are your responsibility.