WCN

equitynet buying

Waste Connections, Inc · TORONTO STOCK EXCHANGE

View price on Yahoo Finance ↗
Disclosed trades
16
10 buys · 6 sells
Members involved
5
Estimated volume
$128.5K
sum of ranges
Most recent
Sep 23, 2025
since Jan 29, 2019

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Price, and when Congress traded it

Hollow marks where they traded, filled where the filing went public

WCN closing price, with each disclosed trade marked at the date it happened and the date it was filed$145$174$204Oct 24Oct 25Oct 26
they tradedyou found outthe delaygreen buys · red sells

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If you had bought it yourself

Paid at that day's close, held ever since. No member involved.

Amount
Latest stored close.

Working it out…

Financials

As each period's own 10-K or 10-Q reported it

Market value
$38.5B
P/E
36.3×
P/S
3.9×
P/B
4.9×
FCF yield
3.2%
EV/EBITDA
16.3×
Fair value
$177.58
price 14% below; its own 10-year multiples
Dividend yield
0.7%

At the $152.83 close on Oct 9, 2026, against 252.15M shares and the balance sheet at Jun 30, 2026; earnings, sales and cash flow over the four quarters to Jun 30, 2026. A ratio is left out where its denominator is not positive. Fair value is the company's own median P/E, price to sales and price to free cash flow at its last ten fiscal year ends, applied to its trailing figures, the middle of the three: its valuation against its own past, not against its growth or its rivals.

Line itemFY 2016
Dec 31, 2016
FY 2017
Dec 31, 2017
FY 2018
Dec 31, 2018
FY 2019
Dec 31, 2019
FY 2020
Dec 31, 2020
FY 2021
Dec 31, 2021
FY 2022
Dec 31, 2022
FY 2023
Dec 31, 2023
FY 2024
Dec 31, 2024
FY 2025
Dec 31, 2025
Revenue$3.4B$4.6B$4.9B$5.4B$5.4B$6.2B$7.2B$8B$8.9B$9.5B
Gross margin42.0%41.6%41.8%40.6%39.8%40.6%39.9%40.9%41.8%42.4%
Operating income$452.3M$627.1M$832.2M$837.8M$412.4M$1B$1.2B$1.2B$1.1B$1.7B
Operating margin13.4%13.5%16.9%15.6%7.6%16.9%17.2%15.4%12.0%18.1%
Net income$246.5M$576.8M$546.9M$566.8M$204.7M$618M$835.7M$762.8M$617.6M$1.1B
Net margin7.3%12.5%11.1%10.5%3.8%10.1%11.6%9.5%6.9%11.4%
EPS (diluted)$1.07$2.18$2.07$2.14$0.78$2.36$3.24$2.95$2.39$4.17
Operating cash flow$795.3M$1.2B$1.4B$1.5B$1.4B$1.7B$2B$2.1B$2.2B$2.4B
Capital spending$344.7M$479.3M$546.1M$634.4M$597.1M$744.3M$912.7M$934M$1.1B$1.2B
Free cash flow$450.6M$708M$865.1M$906.1M$811.5M$953.9M$1.1B$1.2B$1.2B$1.2B
Buybacks——$58.9M—$105.7M$339M$425M$0$0$505.5M
Dividends paid$92.5M$132M$152.6M$175.1M$199.9M$220.2M$243M$270.6M$302.3M$333.8M
Cash$154.4M$433.8M$319.3M$326.7M$617.3M$147.4M$78.6M$78.4M$62.4M$46M
Debt$3.6B$3.9B$4.2B$4.4B$4.7B$5B$6.9B$6.8B$8.1B$8.8B
Shareholders' equity$5.6B$6.3B$6.5B$6.9B$6.9B$7B$7.1B$7.7B$7.9B$8.2B
Shares outstanding262.8M263.49M263.14M263.62M262.82M260.21M257.15M257.6M258.02M255.61M

Figures come from the company's XBRL filings as the SEC publishes them. Quarters are worked out from year-to-date figures, and a fourth quarter is the year less its first nine months, which is why it has no EPS: per-share figures do not subtract. Earlier years are on today's share basis where a split has happened since. A later restatement is not mixed into a year it was never applied to, so where a 10-K restated the year before — a business sold, say — that year's fourth quarter is left blank rather than worked out across two bases. A dash means the company did not report that line under a standard tag for that period. Every filing on EDGAR.

Short interest

Shares sold short, as brokers report them to FINRA twice a month

Shares short
3.92M
at Sep 30, 2026
Of shares outstanding
1.6%
Days to cover
2.6
Since the last report
+14.7%
from 3.42M at Sep 15, 2026
Oct 15, 2024: 1.53M shares shortOct 31, 2024: 1.14M shares shortNov 15, 2024: 1.48M shares shortNov 29, 2024: 2.22M shares shortDec 13, 2024: 2.02M shares shortDec 31, 2024: 1.92M shares shortJan 15, 2025: 1.77M shares shortJan 31, 2025: 2.18M shares shortFeb 14, 2025: 2.62M shares shortFeb 28, 2025: 2.25M shares shortMar 14, 2025: 2.22M shares shortMar 31, 2025: 2.15M shares shortApr 15, 2025: 2.11M shares shortApr 30, 2025: 1.49M shares shortMay 15, 2025: 1.92M shares shortMay 30, 2025: 2.16M shares shortJun 13, 2025: 2.15M shares shortJun 30, 2025: 2.4M shares shortJul 15, 2025: 2.32M shares shortJul 31, 2025: 2.63M shares shortAug 15, 2025: 2.39M shares shortAug 29, 2025: 2.21M shares shortSep 15, 2025: 1.9M shares shortSep 30, 2025: 1.62M shares shortOct 15, 2025: 1.48M shares shortOct 31, 2025: 1.94M shares shortNov 14, 2025: 1.8M shares shortNov 28, 2025: 2.19M shares shortDec 15, 2025: 2.39M shares shortDec 31, 2025: 2.98M shares shortJan 15, 2026: 2.1M shares shortJan 30, 2026: 2.29M shares shortFeb 13, 2026: 2.01M shares shortFeb 27, 2026: 1.59M shares shortMar 13, 2026: 1.78M shares shortMar 31, 2026: 2.1M shares shortApr 15, 2026: 2.18M shares shortApr 30, 2026: 1.94M shares shortMay 15, 2026: 1.89M shares shortMay 29, 2026: 1.96M shares shortJun 15, 2026: 2.42M shares shortJun 30, 2026: 2.97M shares shortJul 15, 2026: 3.08M shares shortJul 31, 2026: 3.2M shares shortAug 14, 2026: 3.68M shares shortAug 31, 2026: 3.84M shares shortSep 15, 2026: 3.42M shares shortSep 30, 2026: 3.92M shares short
Oct 15, 2024Sep 30, 2026
Settlement dateShares shortChangeDays to cover
Sep 30, 20263.92M+14.7%2.6
Sep 15, 20263.42M-10.8%3.7
Aug 31, 20263.84M+4.3%4.0
Aug 14, 20263.68M+14.9%3.1
Jul 31, 20263.2M+3.7%2.2
Jul 15, 20263.08M+3.8%2.6
Jun 30, 20262.97M+22.9%1.4
Jun 15, 20262.42M+23.0%1.2

Largest fails to deliver, the last year

45 settlement days with at least $10,000 of shares sold and not delivered

Settlement dateSharesValue
Mar 13, 2026169.22K$28.3M
Aug 4, 202639.59K$6.6M
Jul 1, 202638.98K$6.5M
Dec 10, 202535.17K$5.9M
Jun 22, 202637.55K$5.8M

Short interest is every broker's short position at the settlement date, reported to FINRA and published about a week and a half later; it does not say who is short. Days to cover is the short position over the average day's trading, and the share of the company is against the shares outstanding on its latest filing. A fail to deliver is the balance of shares sold and not delivered by settlement, from the SEC: it can be a short seller who never borrowed the stock, but is as often a late delivery that clears within days.

What they lobby on

Disclosed to the Senate, largest spend first

  • MILLER STRATEGIES, LLC$230K

    Waste (hazardous/solid/interstate/nuclear), Environment/Superfund

    2nd Quarter (Apr 1 - June 30) 2026

  • MILLER STRATEGIES, LLC$230K

    Environment/Superfund, Waste (hazardous/solid/interstate/nuclear)

    1st Quarter (Jan 1 - Mar 31) 2026

  • AKIN GUMP STRAUSS HAUER & FELD$80K

    Energy/Nuclear, Environment/Superfund, Fuel/Gas/Oil

    1st Quarter (Jan 1 - Mar 31) 2026

  • AKIN GUMP STRAUSS HAUER & FELD$80K

    Energy/Nuclear, Environment/Superfund, Fuel/Gas/Oil

    2nd Quarter (Apr 1 - June 30) 2026

Federal contracts

Largest awards of the last two years

  • Department of Defense$2.5M

    WASTE CONNECTIONS OF ALASKA, INC · from Apr 19, 2019

  • Department of Defense$1.8M

    WASTE CONNECTIONS OF ALASKA, INC · from Aug 1, 2024

  • Department of Veterans Affairs$713.6K

    WASTE CONNECTIONS OF SOUTH DAKOTA, INC. · from Feb 1, 2022

  • Department of Justice$470.9K

    WASTE CONNECTIONS OF FLORIDA, INC. · from Oct 30, 2025

  • Department of the Interior$450K

    WASTE CONNECTIONS OF ARKANSAS, INC. · from Apr 17, 2023

  • Department of the Interior$433.8K

    WASTE CONNECTIONS OF FLORIDA, INC. · from Sep 12, 2019

More on WCN

Every disclosure

16 in total, newest first

MemberAmount
Valerie HoyleOR · housesellspouse$1K – $15K
Ritchie TorresNY · housesell$1K – $15K
Valerie HoyleOR · housebuyspouse$1K – $15K
Jonathan JacksonIL · housesell$15K – $50K
Alan LowenthalCA · housebuy—
Alan LowenthalCA · housebuy$1K – $15K
Alan LowenthalCA · housebuy$1K – $15K
Alan LowenthalCA · housebuy—
Alan LowenthalCA · housebuy$1K – $15K
Alan LowenthalCA · housebuy$1K – $15K
Alan LowenthalCA · housebuy$1K – $15K
Alan LowenthalCA · housebuy—
Susie LeeNV · houseselljoint$1K – $15K
Susie LeeNV · houseselljoint$1K – $15K
Susie LeeNV · housebuyjoint$1K – $15K
Susie LeeNV · houseselljoint$1K – $15K

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