SuperworthWaste Connections profit margin WCN
Gross, operating and net profit as a share of revenue over the last twelve months, from 2015.
- Net margin, 12 months
- 10.9%
- Operating margin, 12 months
- 17.0%
- Net margin on a year earlier
- +3.9 pts
- Peer median
- 11.1%
Over the twelve months to Jun 30, 2026, Waste Connections kept 10.9% of its revenue as net profit, with an operating margin of 17.0% and a gross margin of 42.5%.
Five years earlier its net margin was 10.9%.
The median for 3 waste management stocks of a similar size is 11.1%.
Profit margin over time
Fiscal year by fiscal year
| Fiscal year | Net margin | Operating margin | Gross margin |
|---|---|---|---|
| FY2025 | 11.4% | 18.1% | 42.4% |
| FY2024 | 6.9% | 12.0% | 41.8% |
| FY2023 | 9.5% | 15.4% | 40.9% |
| FY2022 | 11.6% | 17.2% | 39.9% |
| FY2021 | 10.0% | 16.9% | 40.6% |
| FY2020 | 3.8% | 7.6% | 39.8% |
| FY2019 | 10.5% | 15.5% | 40.6% |
| FY2018 | 11.1% | 16.9% | 41.8% |
| FY2017 | 12.5% | 13.5% | 41.6% |
| FY2016 | 7.3% | 13.4% | 42.0% |
| FY2015 | −4.5% | −2.9% | 44.4% |
Quarter by quarter
| Quarter | Ended | Net margin, 12 months | Change on a year | Operating margin |
|---|---|---|---|---|
| Q2 FY26 | 10.9% | +3.9 pts | 17.0% | |
| Q1 FY26 | 11.0% | +4.0 pts | 17.5% | |
| Q4 FY25 | 11.4% | +4.4 pts | 18.1% | |
| Q3 FY25 | 6.7% | −4.2 pts | 11.7% | |
| Q2 FY25 | 7.0% | −3.3 pts | 12.2% | |
| Q1 FY25 | 6.9% | −2.8 pts | 12.0% | |
| Q4 FY24 | 6.9% | −2.6 pts | 12.0% | |
| Q3 FY24 | 10.8% | +0.2 pts | 17.2% | |
| Q2 FY24 | 10.2% | −0.7 pts | 16.3% | |
| Q1 FY24 | 9.7% | −1.7 pts | 15.7% | |
| Q4 FY23 | 9.5% | −2.1 pts | 15.4% | |
| Q3 FY23 | 10.6% | −1.0 pts | 16.9% |
Against its peers
Companies in Waste Management nearest Waste Connections' size, closest first, today.
| Company | Profit margin |
|---|---|
| WCNWaste Connections | 10.9% |
| RSGRepublic Services | 12.9% |
| WMWaste Management | 11.1% |
| CLHClean Harbors | 7.0% |
| Peer median | 11.1% |
Where Waste Connections ranks
What the profit margin tells you
Profit as a share of revenue at three levels: gross (after making the product), operating (after running the business) and net (after everything, including tax and interest).
Compare within an industry. 10% is superb for a retailer and poor for a software company.
More on Waste Connections
Valuation data, not investment advice. Prices as of . Reported figures come from the company's filings with the SEC.