Yahoo! Finance Canada report covering Waste Connections Inc. (WCN) market action, institutional positioning, and fundamental catalysts.
Why WCN Stock advanced +1.16% Today — RQD Quant Desk Flash
Waste Connections Inc. (WCN) earns a Roarable Rating of B (Buy) with 73/100 RQD Confidence. High-quality cash engine (42% profit margin, 10% return on capital) with steady institutional support. The company’s underlying cash engine and institutional positioning keep the composite score in the Green Buy zone.
🤖 Mara Quenwick • AI Quant Lead (Click for Instant Brief)
Is WCN stock a Buy, Hold, or Sell right now according to Roarable's RQD model?
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As of 2026-11-02, Waste Connections Inc. (NYSE: WCN) is rated B (Buy / BUY) by Roarable's 5-pillar RQD engine with a composite confidence score of 73/100 at a spot price of $184.08 (+1.16% 1D, market cap $45.52B). Pillar breakdown: Fundamental Cash Engine 13/20, Institutional 13F & Options Flow 18/20, Executive Insider Alignment 16/20, FRED Macro Regime Fit 15/20, and SEC Balance-Sheet Forensics 11/20. Across 117 tracked Utilities issuers, WCN ranks #5 in composite RQD confidence.
🤖 Ellis Vennor • AI Peer & Flow Quant (Click for Instant Brief)
How does WCN compare to RSG and WM in the Utilities sector?
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Within the Utilities sector (Environmental Services), WCN carries a Roarable B (73/100 RQD), trailing P/E of 42.3x, gross margin of 42.4%, and ROIC of 9.9%. By comparison, RSG (Republic Services Inc.) holds a B+ grade (79/100 RQD, P/E 33.8x, ROIC 13.9%, cap $72.35B) and WM (Waste Management Inc.) posts a B- grade (71/100 RQD, P/E 33.9x, ROIC 13.7%, cap $91.81B). Among the 5-stock peer group, GFL leads on earnings multiple (32.8x) while RSG leads on capital efficiency (13.9% ROIC).
🤖 Gideon Ashmere • AI SEC 10-K Forensics (Click for Instant Brief)
What are the biggest fundamental strengths and SEC risk factors for WCN?
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Per WCN's SEC EDGAR XBRL 10-K filing (FY2025, filed 2025-12-31, CIK 0001318220), Waste Connections Inc. generated $9.47B in revenue (+6.1% YoY), $1.08B in net income, and $1.23B in free cash flow against $21.13B in total assets and $5.80B in total debt. Key quantitative strengths: Big institutional funds and options desks are actively positioning on the bullish side.. Primary risk factors monitored: Priced at 42x earnings—high expectations leave less room for a lukewarm quarter.. Institutional options positioning shows a 50% call / 50% put premium split.
Impersonal quantitative research (0–100 RQD rubric) — not individualized investment advice. Past performance does not guarantee future results. Full Disclaimer
20D Institutional Volume Accumulation (±5.5% realized swing band)
Altman Z-Score 3.13 (FORTRESS SAFE (>3.0)) • Piotroski F-Score 8/9
Cannibal Buyback (-0.96% YoY Shares) & executive Form 4 sales trim 9 pts from alignment
⚔️ Adversarial Opposing Case: Why the WCN Bull Thesis Could Fail
Even with a 73/100 (B) score, WCN faces multiple-compression risk if 42.3x trailing P/E re-rate toward historical sector medians or if hyperscaler/enterprise customer concentration slows in upcoming 10-Q filings.
Priced at 42x earnings—high expectations leave less room for a lukewarm quarter.
Dilution & Margin Drag: Cannibal Buyback (-0.96% YoY Shares) — any gross margin slip below 39.9% triggers an automatic RQD downgrade.
Technical & Forensic Kill-Switch: A daily close below the 50D SMA ($163.83) or 200D SMA ($163.61) invalidates the momentum regime and cuts Target Base ($196.51) toward Bear Floor ($150.95).
Why WCN Stock advanced +1.16% Today — RQD Quant Desk Flash
Waste Connections Inc. (WCN) advanced +1.16% to $184.08, trading at 90% of its 52-week range ($146.89 – $188.2). High-quality cash engine (42% profit margin, 10% return on capital) with steady institutional support.
- ▸Technical Tape: Trading at 90% of its 52-week range ($146.89 – $188.2) with RSI-14 at 66.8 (BULLISH MOMENTUM).
- ▸Volatility Profile: Historical 20-day realized swing band of ±5.5% around $184.08 (no active unusual options sweep snapshot on file).
- ▸Fundamental Anchor: Roarable B (Buy) backed by 42.4% gross margin and $1.2B annual free cash flow.
The Motley Fool report covering Waste Connections Inc. (WCN) market action, institutional positioning, and fundamental catalysts.
Yahoo! Finance Canada report covering Waste Connections Inc. (WCN) market action, institutional positioning, and fundamental catalysts.
Yahoo Finance report covering Waste Connections Inc. (WCN) market action, institutional positioning, and fundamental catalysts.
Yahoo Finance report covering Waste Connections Inc. (WCN) market action, institutional positioning, and fundamental catalysts.
Yahoo Finance report covering Waste Connections Inc. (WCN) market action, institutional positioning, and fundamental catalysts.
Yahoo Finance report covering Waste Connections Inc. (WCN) market action, institutional positioning, and fundamental catalysts.
Yahoo Finance report covering Waste Connections Inc. (WCN) market action, institutional positioning, and fundamental catalysts.
Emerson may extend its 70-year dividend growth streak as earnings rebound.
Get a weekly dividend summary for Champions, Contenders, and Challengers.
Scheduled RQD Strong Buys & Whale Accumulation Briefing (WCN Tape Review)
- ✓Breakdown of the highest-scoring RQD Green-Light breakouts across our 5,200+ rated universe
- ✓Forensic Red-Light accounting & dilution traps to review on your watchlist
- ✓Includes downloadable .ics calendar invite & nightly RQD rating-change email alerts
WCN Dilution Monitor, Expectations Hurdle, Butterfly Connections & Policy Exposure
Multi-year comparable XBRL diluted share count not disclosed (ETF or recent listing).
vs. +6.1% actual YoY revenue growth (assuming 9.25% cost of equity & 16.5x terminal multiple).
No active Ellis Vennor swing setup published on WCN today. View full Setup Ledger →
No direct multi-tier Butterfly edges indexed yet for WCN. Explore sector supply chains on /butterfly.
📊 Quantitative Sector Peer Comparison, SEC Filing Delta & Investment FAQ (WCN)
1. Head-to-Head Utilities Peer Comparison (WCN vs. RSG, WM, GFL, CWST)
Industry: Environmental Services (13 Tracked Issuers)Across 117 tracked Utilities securities in the Roarable RQD universe, Waste Connections Inc. (WCN) ranks #5 by composite RQD confidence (73/100, grade B) and #15 by equity capitalization ($45.52B). Within this direct 5-issuer industry benchmark cohort, GFL leads on earnings valuation at 32.8x trailing P/E, while RSG leads on capital efficiency and profitability with 13.9% ROIC and 42.0% gross margin. RSG currently holds the highest overall quantitative score in the immediate peer group at 79/100 (B+) compared with WCN at 73/100 (B).
| Ticker / Company | Roarable Grade | RQD Score | Trailing P/E | Gross Margin | ROIC | 1D Change | Market Cap | Head-to-Head |
|---|---|---|---|---|---|---|---|---|
| WCN
ACTIVE
Waste Connections Inc. | B | 73/100 | 42.3x | 42.4% | 9.9% | +1.16% | $45.52B | Benchmark Subject |
| RSG Republic Services Inc. | B+ | 79/100 | 33.8x | 42.0% | 13.9% | +3.28% | $72.35B | /rsg-vs-wcn → |
| WM Waste Management Inc. | B- | 71/100 | 33.9x | 40.4% | 13.7% | +1.10% | $91.81B | /wm-vs-wcn → |
| GFL GFL Environmental Inc. Subordinate voting shares no par value | B | 72/100 | 32.8x | — | 9.9% | +0.38% | $19.64B | /gfl-vs-wcn → |
| CWST Casella Waste Systems Inc. | D+ | 57/100 | — | 33.8% | 2.4% | +3.34% | $5.75B | /cwst-vs-wcn → |
2. Multi-Year SEC XBRL Revenue, Cash Flow & Balance-Sheet Trajectory (FY2023–FY2025)
SEC EDGAR 10-K • FILED 2025-12-31 • CIK 0001318220In its most recent audited fiscal period (FY2025, filed 2025-12-31), Waste Connections Inc. (WCN) reported GAAP revenue of $9.47B (+6.1% vs. FY2024 revenue of $8.92B , and +18.0% cumulative change since FY2023) , GAAP net income of $1.08B, operating cash flow of $2.41B, and free cash flow of $1.23B (+5.3% YoY). On the balance sheet, WCN closed FY2025 with $21.13B in total assets against $5.80B in total debt (Altman Z-Score: 3.13, Piotroski F-Score: 8/9).
| Fiscal Period | Filing Date | Revenue | Net Income | Operating Cash Flow | Free Cash Flow | Total Assets | Total Debt |
|---|---|---|---|---|---|---|---|
| FY2025 (FY) | 2025-12-31 | $9.47B | $1.08B | $2.41B | $1.23B | $21.13B | $5.80B |
| FY2024 (FY) | 2024-12-31 | $8.92B | $617.6M | $2.23B | $1.17B | $19.82B | $5.38B |
| FY2023 (FY) | 2023-12-31 | $8.02B | $762.8M | $2.13B | $1.77B | $25.04B | $5.86B |
3. WCN Data-Verified Investor FAQ (RQD Rating, Sector Peers, SEC Forensics & Technicals)
✓ SCHEMA.ORG FAQPAGE JSON-LD ENABLEDIs WCN stock a Buy, Hold, or Sell right now according to Roarable's RQD model?
As of 2026-11-02, Waste Connections Inc. (NYSE: WCN) is rated B (Buy / BUY) by Roarable's 5-pillar RQD engine with a composite confidence score of 73/100 at a spot price of $184.08 (+1.16% 1D, market cap $45.52B). Pillar breakdown: Fundamental Cash Engine 13/20, Institutional 13F & Options Flow 18/20, Executive Insider Alignment 16/20, FRED Macro Regime Fit 15/20, and SEC Balance-Sheet Forensics 11/20. Across 117 tracked Utilities issuers, WCN ranks #5 in composite RQD confidence.
How does WCN compare to RSG and WM in the Utilities sector?
Within the Utilities sector (Environmental Services), WCN carries a Roarable B (73/100 RQD), trailing P/E of 42.3x, gross margin of 42.4%, and ROIC of 9.9%. By comparison, RSG (Republic Services Inc.) holds a B+ grade (79/100 RQD, P/E 33.8x, ROIC 13.9%, cap $72.35B) and WM (Waste Management Inc.) posts a B- grade (71/100 RQD, P/E 33.9x, ROIC 13.7%, cap $91.81B). Among the 5-stock peer group, GFL leads on earnings multiple (32.8x) while RSG leads on capital efficiency (13.9% ROIC).
What are the biggest fundamental strengths and SEC risk factors for WCN?
Per WCN's SEC EDGAR XBRL 10-K filing (FY2025, filed 2025-12-31, CIK 0001318220), Waste Connections Inc. generated $9.47B in revenue (+6.1% YoY), $1.08B in net income, and $1.23B in free cash flow against $21.13B in total assets and $5.80B in total debt. Key quantitative strengths: Big institutional funds and options desks are actively positioning on the bullish side.. Primary risk factors monitored: Priced at 42x earnings—high expectations leave less room for a lukewarm quarter.. Institutional options positioning shows a 50% call / 50% put premium split.
Where is WCN trading relative to its 50-day, 200-day, and 52-week technical levels?
WCN last traded at $184.08 (+1.16% on volume of 1,862,350 shares), positioning the stock +12.36% above its 50-day simple moving average ($163.83) and +12.51% above its 200-day simple moving average ($163.61). Across its 52-week range of $146.89 to $188.20, WCN sits at the 90.0% percentile with a 14-day RSI of 66.8 (BULLISH MOMENTUM) and an implied next-earnings move of ±5.5% ($173.96 to $194.20).
WCN Investor FAQ & Complete 8-Part Research Index
100% OPEN ACCESS • SEC EDGAR × CBOE × FREDWhy is WCN stock moving today?
Why WCN Stock advanced +1.16% Today — RQD Quant Desk Flash. High-quality cash engine (42% profit margin, 10% return on capital) with steady institutional support.
WCN — Waste Connections Inc.: What the Facts Mean to a Prospective Investor
Roarable Rating Brief: What This Means to a Prospective Investor
Per the Roarable RQD rating, WCN scores 73 out of 100, a letter grade of B, with the verdict label "Roarable Buy — Good Risk/Reward." The score is built from five pillars:
- Fundamental Cash Engine: 13 / 20. Per the Roarable RQD rating, this pillar reflects ROIC of 9.9% and an FCF yield of 2.71%. For a prospective investor, the cash-generation case is solid but not exceptional; the FCF yield is modest relative to the stock's valuation multiples, which means much of the return thesis depends on continued growth rather than current cash yield.
- Whale 13F Flow: 18 / 20. Per the Roarable RQD rating, this is the strongest pillar, described as institutional accumulation and options positioning. The source data does not itemize the underlying 13F filings, so the score is best read as a summary signal rather than a verified holder-by-holder picture.
- Insider Conviction: 11 / 20. Per the Roarable RQD rating, this pillar reflects SEC Form 4 and Congressional PTR cluster flow, scored at a mid-range level. Insider signals are neither a strong endorsement nor a warning in this framework.
- Macro Regime Fit: 15 / 20. Per the Roarable RQD rating, beta is 0.5 and the pillar reflects sector sensitivity. A beta of 0.5 implies the stock has historically moved less than the broader market, which can appeal to investors seeking lower volatility, though it does not guarantee lower drawdowns.
- Forensic Balance Sheet: 16 / 20. Per the Roarable RQD rating, this pillar cites an Altman Z-Score of 3.13, a Piotroski F-Score of 8/9, and Debt/Equity of 0.66. These are among the stronger forensic readings in the rating and suggest financial-health risk is comparatively contained.
Investor takeaways. The upside drivers in the rating are institutional positioning and balance-sheet strength. The principal valuation tradeoff is visible in the market data: per the market data section, the stock trades at a P/E (TTM) of 42.3 and a forward P/E of 39.3, which is a premium multiple. A prospective investor should weigh the strong forensic and flow signals against the fact that the current price embeds high growth expectations, leaving less margin for error if earnings disappoint. The rating is an analytical framework output, not a recommendation.
Snapshot
Business
Per the profile section, Waste Connections Inc. (WCN) is a NYSE-listed issuer in the Utilities sector, specifically the Environmental Services industry. Per the profile, its market capitalization is $45.5B. The source data does not describe the company's specific products, customer base, or revenue model beyond its sector and industry classification. Not available in source data for further business detail.
Financial Trend
| Period | Revenue | Operating Income | Net Income | EPS | FCF | Cash | Debt |
|---|---|---|---|---|---|---|---|
| FY 2025 | $9466.9M | $1710.2M | $1076.6M | N/A | $1234.8M | $46.0M | $5797.8M |
| FY 2024 | $8919.6M | $1067.7M | $617.6M | N/A | $1172.9M | $62.4M | $5380.9M |
| FY 2023 | $8022.0M | $1236.3M | $762.8M | N/A | $1765.8M | N/A | $5859.0M |
Per the SEC financials, revenue rose from $8022.0M in FY 2023 to $9466.9M in FY 2025, and net income rose from $762.8M to $1076.6M over the same span, though FY 2023 operating income ($1236.3M) exceeded FY 2024 ($1067.7M) before recovering to $1710.2M in FY 2025. Per the market data, gross margin is 42.4%, operating margin 18.1%, and net margin 11.4%, with ROIC of 9.9%. Per the Roarable RQD rating, the Altman Z-Score is 3.13 and the Piotroski F-Score is 8/9. Per the SEC financials, debt stood at $5797.8M against cash of $46.0M in FY 2025, and the rating cites Debt/Equity of 0.66, which together describe a leveraged but forensically sound balance-sheet posture.
Recent Catalysts & News Wire Analysis
Per the recent news section, the feed contains six items, all tagged to WCN. Two are marked as catalysts with GREEN signals: a Yahoo Finance report headlined "Waste Connections's (NYSE:WCN) Q3 2026: beats on revenue," and a Yahoo Finance report headlined "Waste Connections (WCN) Stock Jumps As Q3 Earnings Reveal Margin Strength." The remaining four are market-wire items with YELLOW signals, including a Motley Fool piece on the stock rising and a Yahoo Finance pre-earnings preview. The catalyst headlines point to revenue beats and margin strength in Q3 2026. Risk watch items are limited to the market-wire framing; the source data does not document specific adverse developments. Per the Butterfly Supply-Chain Graph, no supply-chain links or proprietary signals are recorded for WCN.
Butterfly Effect: 2nd-Order Supply-Chain & Sector Ripples
Per the Butterfly Supply-Chain Graph, the supply chain is recorded as NONE, with no butterfly links and no proprietary signals. The source data therefore does not establish upstream suppliers, downstream customers, or cross-sector dependencies. Not available in source data for specific upstream/downstream mapping, sector correlations, or 2nd-order bottlenecks. A prospective investor should treat this as a gap in the analysis rather than evidence that no ripple effects exist.
Open Questions
- What specific 13F holders are driving the Whale Flow pillar score of 18/20, and what is the direction and size of their recent position changes?
- What were the drivers of the FY 2024 operating income decline relative to FY 2023, and is the FY 2025 recovery to $1710.2M sustainable?
- What is the Congressional PTR and SEC Form 4 insider activity underlying the 11/20 insider pillar score?
- What is the company's debt maturity profile and interest cost, given $5797.8M in debt against $46.0M in cash?
- What do the Q3 2026 earnings releases disclose about guidance, and how does that reconcile with the premium forward P/E of 39.3?
WCN Live News Feed, Press Releases & Catalyst Wire
Real-time company headlines, analyst actions, and sector developments for Waste Connections Inc. (WCN) • Click "Debate This Headline" to argue it in the Roar Pit below
Yahoo! Finance Canada report covering Waste Connections Inc. (WCN) market action, institutional positioning, and fundamental catalysts.
The Motley Fool report covering Waste Connections Inc. (WCN) market action, institutional positioning, and fundamental catalysts.
Yahoo! Finance Canada report covering Waste Connections Inc. (WCN) market action, institutional positioning, and fundamental catalysts.
Yahoo Finance report covering Waste Connections Inc. (WCN) market action, institutional positioning, and fundamental catalysts.
Yahoo Finance report covering Waste Connections Inc. (WCN) market action, institutional positioning, and fundamental catalysts.
Yahoo Finance report covering Waste Connections Inc. (WCN) market action, institutional positioning, and fundamental catalysts.
Yahoo Finance report covering Waste Connections Inc. (WCN) market action, institutional positioning, and fundamental catalysts.
Yahoo Finance report covering Waste Connections Inc. (WCN) market action, institutional positioning, and fundamental catalysts.
WCN Bull vs. Bear Conversation Board — What's Your Call at $184.08?
🔥 Official Bull vs. Bear Debate: Is WCN (B • RQD 73/100) a Buy at $181.97?
Welcome to the WCN (Waste Connections Inc.) Roar Pit. Current RQD Composite is 73/100 (Roarable Buy — Good Risk/Reward) in Environmental Services. Bulls point to operating leverage and sector positioning, while bears focus on valuation multiple compression (42.3x trailing P/E). Pick your side (🐂 Bull or 🐻 Bear) and drop your price target below.
Pump the brakes on WCN — check the valuation vs. margin headwinds
Everyone in here is repeating the bull case on WCN, but look at what you are paying: 42.3x trailing P/E with 42.4% gross margins. Unless Waste Connections Inc. expands free cash flow yield next quarter, I would rather wait for a pullback closer to the 200-day moving average before touching this.
WCN cash flow & RQD setup is being underpriced by the Street here
Looking at the 5-pillar RQD breakdown on WCN, the market is fixating on short-term headline noise in Environmental Services and ignoring the balance sheet and cash flow trajectory. At $181.97 (52-wk range $146.89 - $188.20), any beat on forward guidance forces shorts and underweight funds to chase.