Waste ConnectionsTSX:WCN +0.13%84 EBITDA Margin % is 28.94% as of Mar. 2026, which is 2% above its 10-year median of 28.29. GuruFocus rates TSX:WCN with a GF Score™ of 84/100 and a GF Value™ of C$279.14 (Modestly Undervalued). The stock has 1 warning sign investors should review. Among 239 Waste Management companies, Waste Connections ranks better than 84.1% on this metric.
EBITDA Margin % is calculated as EBITDA divided by its Revenue. Waste Connections's EBITDA for the
three
months ended in Mar. 2026 was C$941 Mil. Waste Connections's Revenue for the
three
months ended in Mar. 2026 was C$3,253 Mil. Therefore, Waste Connections's EBITDA margin for the quarter that ended in Mar. 2026 was 28.94%.
EBITDA Margin % is the ratio of EBITDA divided by net sales or Revenue. It is an performance metric measuring company's operating profitability. EBITDA Margin takes depreciation and amortization, interest expense and tax into account, which makes it easy to compare the relative profitability of companies of different sizes in the same industry.
Waste Connections EBITDA Margin % Related Terms
Waste Connections EBITDA Margin % Historical Data
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The historical data trend for Waste Connections's EBITDA Margin % 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.
TSX:WCN vs RSG, CLH, GFL: EBITDA Margin % Comparison
For the Waste Management subindustry, Waste Connections's EBITDA Margin %, along with its competitors' market caps and EBITDA Margin % 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 EBITDA Margin % vs Waste Management Industry
For the Waste Management industry and Industrials sector, Waste Connections's EBITDA Margin % distribution charts can be found below:
* The bar in red indicates where Waste Connections's EBITDA Margin % falls into.
* 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.
Waste Connections (TSX:WCN) has a EBITDA Margin % of 28.94% as of Mar. 2026. EBITDA Margin is the ratio of EBITDA divided by net sales or Revenue, usually presented in percent. View historical data on Waste Connections and its competitors. This is near median its historical median of 28.29. Over the past decade, Waste Connections' EBITDA Margin % has ranged from 21.46 to 31.53. According to the industry distribution chart, Waste Connections ranks #38 out of 239 companies in the Waste Management industry, placing it in the top 15.9%.
Is Waste Connections' EBITDA Margin % too high?
Waste Connections' current EBITDA Margin % of 28.94% is near median its 10-year median of 28.29. Over the past 10 years, this metric has ranged from a low of 21.46 to a high of 31.53. The Waste Management industry median EBITDA Margin % is 12.29. Waste Connections' value of 28.94% is 135.5% above this industry median. Based on the distribution chart, Waste Connections ranks #38 out of 239 companies in the Waste Management industry, which is in the top quartile — a strong position relative to peers. Overall, Waste Connections has a GF Score™ of 84/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Waste Connections' EBITDA Margin % compare to RSG and CLH?
According to the Waste Management industry distribution chart, Waste Connections ranks #38 out of 239 companies for EBITDA Margin %. This places Waste Connections in the top 16% of its industry — outperforming the majority of peers. The industry median EBITDA Margin % is 12.29. Waste Connections' value of 28.94% is 135.5% above this benchmark. Historically, Waste Connections' own EBITDA Margin % has ranged from 21.46 to 31.53 over the past decade. While the company's 10-year median is 28.29 vs. the industry median of 12.29, Waste Connections has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EBITDA Margin % for a Waste Management company?
The median EBITDA Margin % among Waste Management companies is 12.29, based on 239 companies in the industry. Companies in the top quartile (top 25%) have a EBITDA Margin % significantly above this median, while those in the bottom quartile fall well below. However, EBITDA Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Waste Connections's current EBITDA Margin % of 28.94% is 135.5% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EBITDA Margin % mean?
A high EBITDA Margin % can signal that a stock is expensive relative to its fundamentals. EBITDA Margin is the ratio of EBITDA divided by net sales or Revenue, usually presented in percent. View historical data on Waste Connections and its competitors. For the Waste Management industry, the median EBITDA Margin % is 12.29 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Waste Connections's current EBITDA Margin % is 28.94%, which is near median its own 10-year median of 28.29. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Waste Connections stock overvalued right now?
Based on GuruFocus' analysis, Waste Connections (TSX:WCN) is currently considered Modestly Undervalued. The stock's GF Value™ is C$279.14, compared to a current price of C$239.82 — trading 14.1% below its estimated fair value. The current EBITDA Margin % is 28.94%, which is near median its 10-year median of 28.29 and 135.5% above the Waste Management industry median of 12.29. Waste Connections' overall GF Score™ is 84/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EBITDA Margin % calculated?
EBITDA Margin % is calculated from a company's financial statements. For Waste Connections (TSX:WCN), the current EBITDA Margin % is 28.94% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Waste Connections (TSX:WCN) Overvalued in 2026?
Based on GuruFocus' analysis, Waste Connections stock appears to be undervalued.
The current stock price of C$239.82 is trading 14.1% below its estimated GF Value™ of C$279.14.
GuruFocus considers Waste Connections to be Modestly Undervalued.
Key valuation signals for TSX:WCN:
EBITDA Margin %: 28.94% (near median its 10-year median of 28.29)
GF Value™: C$279.14 vs. price of C$239.82 (14.1% below fair value)
Industry Position: 135.5% above the Waste Management median (#38 of 239)
No single metric tells the full story. See the TSX:WCN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Waste Connections is a North American waste management company focused on integrated waste collection services. The firm primarily focuses on residential, commercial, municipal, and industrial waste collection, with a secondary market focus on rural areas. With 113 landfills and 222 transfer stations as of 2024, it is the third-largest waste management company by revenue. Revenue is split among six operating segments: Western, Southern, Eastern, Central, Canada, and Midsouth.
84GF Score
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