Waste Connections stock (CA94106B1013): valuation picture after Q1 2026 earnings and recent price levels

Waste Connections shares are trading below their recent highs after the New York-listed waste management group reported higher first-quarter 2026 revenue, giving investors fresh data points on growth and valuation multiples.

Waste Connections shares remain in focus for North American investors after the New York Stock Exchange-listed waste management group reported higher revenue for the first quarter of 2026 and continues to trade below earlier 12-month highs, providing an updated basis for assessing valuation and growth prospects.

The stock is listed on the NYSE under the ticker WCN, making the United States and Canada the core investor base for the company. According to Stock Analysis, Waste Connections last traded at USD 183.24 on the NYSE on 06/04/2026, giving the company a market capitalization of USD 39.12 billion on that date, based on its latest market cap overview as of 06/04/2026.Stock Analysis as of 06/04/2026

The latest fundamental reference point is the first-quarter 2026 results. For Q1 2026, Waste Connections reported revenue of USD 2.371 billion, up from USD 2.228 billion in the same quarter a year earlier, according to a sector report on 05/02/2026 summarizing the company’s earnings release.Waste360 as of 05/02/2026 The article highlighted that revenue increased by 6.4 percent year over year, providing a clear indication of mid-single-digit top-line growth at the start of the fiscal year.

For investors in Germany who follow US-listed names, the stock is also available via secondary venues such as Tradegate, where it is typically quoted in euros. This offers an additional access point alongside the primary listing in the United States, although trading volumes and liquidity are generally concentrated on the NYSE under the home-country ticker.

As of: 05.06.2026

By the editorial team - specialized in equity coverage.

At a glance

• Name: WCN
• Sector/industry: Integrated waste management and recycling services
• Headquarters/country: Woodlands, United States
• Core markets: United States and Canada
• Key revenue drivers: Solid waste collection, transfer and disposal services, plus recycling and related environmental services
• Home exchange/listing venue: New York Stock Exchange (WCN)
• Trading currency: USD

Waste Connections: core business model

Waste Connections focuses on providing non-hazardous solid waste collection, transfer, disposal and recycling solutions, largely in secondary and rural markets across the United States and Canada, where long-term contracts and local scale typically support recurring cash flows.

Valuation metrics and multiples for Waste Connections

With the Q1 2026 revenue base and recent share price data, investors can frame the current valuation in the context of the company’s growth profile. Using the market capitalization figure of USD 39.12 billion reported for 06/04/2026 and the quarterly revenue of USD 2.371 billion disclosed for Q1 2026, the market is effectively valuing Waste Connections at around 16.5 times its annualized first-quarter sales if Q1 2026 revenue is extrapolated over a full year.

The Q1 2026 revenue growth of 6.4 percent year over year, from USD 2.228 billion in Q1 2025 to USD 2.371 billion in Q1 2026, underpins a growth profile that investors can compare with other North American waste management peers when examining valuation multiples such as price-to-earnings and enterprise-value-to-EBITDA. While detailed earnings and cash flow figures are disclosed in the company’s own filings, the combination of mid-single-digit revenue growth and a nearly USD 40 billion equity valuation helps frame how the market is pricing the company’s position in the US and Canadian waste services sector.

For investors looking at income characteristics, Waste Connections has historically returned capital through regular dividends, as disclosed in its investor materials. However, the specific dividend per share, payout ratio and forward yield need to be taken from the latest company announcements and financial reports, as these can change over time with board approvals and cash flow developments.

Conclusion

The latest available figures for Waste Connections, including Q1 2026 revenue of USD 2.371 billion and a market capitalization of USD 39.12 billion as of 06/04/2026, provide investors with tangible data points to gauge the company’s current scale and growth trajectory in the United States and Canada.

Combined with the NYSE listing under ticker WCN and the focus on infrastructure-like waste management services, these metrics help position the stock within the broader North American waste services universe and support ongoing assessment of valuation multiples and portfolio fit for investors following the sector.

Disclaimer: This article does not constitute investment advice. The comprehensive scope of this informative article was made possible through the use of a.i.. Stocks are volatile financial instruments.