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Waste Connections Gross Profit

: $2,315 Mil (TTM As of Jun. 2021)
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Waste Connections's gross profit for the three months ended in Jun. 2021 was $633 Mil. Waste Connections's gross profit for the trailing twelve months (TTM) ended in Jun. 2021 was $2,315 Mil.

Gross Margin % is calculated as gross profit divided by its revenue. Waste Connections's gross profit for the three months ended in Jun. 2021 was $633 Mil. Waste Connections's Revenue for the three months ended in Jun. 2021 was $1,534 Mil. Therefore, Waste Connections's Gross Margin % for the quarter that ended in Jun. 2021 was 41.25%.

Waste Connections had a gross margin of 41.25% for the quarter that ended in Jun. 2021 => Durable competitive advantage

During the past 13 years, the highest Gross Margin % of Waste Connections was 45.25%. The lowest was 39.83%. And the median was 42.23%.

Warning Sign:

Waste Connections Inc gross margin has been in long term decline. The average rate of decline per year is -1.8%.


Waste Connections Gross Profit Historical Data

The historical data trend for Waste Connections's Gross Profit can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Waste Connections Annual Data
Trend Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20
Gross Profit
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1,418.15 1,925.71 2,057.24 2,189.92 2,169.18

Waste Connections Quarterly Data
Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21
Gross Profit Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 520.07 560.73 551.40 570.02 632.74

Competitive Comparison

For the Waste Management subindustry, Waste Connections's Gross Profit, along with its competitors' market caps and Gross Profit data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

   

Waste Connections Gross Profit Distribution

For the Waste Management industry and Industrials sector, Waste Connections's Gross Profit distribution charts can be found below:

* The bar in red indicates where Waste Connections's Gross Profit falls into.



Waste Connections Gross Profit Calculation

Gross Profit is the different between the sale prices and the cost of buying or producing the goods.

Waste Connections's Gross Profit for the fiscal year that ended in Dec. 2020 is calculated as

Gross Profit (A: Dec. 2020 )=Revenue - Cost of Goods Sold
=5445.99 - 3276.808
=2,169

Waste Connections's Gross Profit for the quarter that ended in Jun. 2021 is calculated as

Gross Profit (Q: Jun. 2021 )=Revenue - Cost of Goods Sold
=1533.931 - 901.191
=633

Gross Profit for the trailing twelve months (TTM) ended in Jun. 2021 adds up the quarterly data reported by the company within the most recent 12 months, which was $2,315 Mil.

Gross Profit is the numerator in the calculation of Gross Margin.

Waste Connections's Gross Margin % for the quarter that ended in Jun. 2021 is calculated as

Gross Margin % (Q: Jun. 2021 )=Gross Profit (Q: Jun. 2021 ) / Revenue (Q: Jun. 2021 )
=(Revenue - Cost of Goods Sold) / Revenue
=633 / 1533.931
=41.25 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.


Waste Connections  (NYSE:WCN) Gross Profit Explanation

Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.

Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %

1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key

Waste Connections had a gross margin of 41.25% for the quarter that ended in Jun. 2021 => Durable competitive advantage


Waste Connections Gross Profit Related Terms

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Waste Connections Business Description

Waste Connections logo
Industry
Industrials » Waste Management NAICS : 221310 SIC : 4931
Traded in Other Exchanges
Address
610 Applewood Crescent, 2nd Floor, Vaughan, ON, CAN, L4K 0E3
Waste Connections is the third- largest integrated provider of traditional solid waste and recycling services in the North America, operating 91 active landfills (12 are E&P waste landfills), 132 transfer stations, and 68 recycling operations. The firm serves residential, commercial, industrial, and energy end markets. Waste Connections entered the Canadian market with its 2016 merger with Progressive Waste. In 2020, 13% of consolidated revenue was generated from the firm's Canadian segment.

Waste Connections Headlines

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