Waste ConnectionsFRA:UI51 -0.24%81 FCF Margin % is 10.50% as of Mar. 2026, which is 30% below its 10-year median of 15.08. GuruFocus rates FRA:UI51 with a GF Score™ of 81/100 and a GF Value™ of €164.60 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 239 Waste Management companies, Waste Connections ranks better than 74.06% on this metric.
The historical rank and industry rank for Waste Connections's FCF Margin % or its related term are showing as below:
FRA:UI51'
s FCF Margin % Range Over the Past 10 Years
Min: 11.86 Med: 15.08 Max: 17.57
Current: 11.86
During the past 13 years, the highest FCF Margin % of Waste Connections was 17.57%. The lowest was 11.86%. And the median was 15.08%.
FRA:UI51's FCF Margin % is ranked better than 74.06% of 239
companies
in the Waste Management industry
Industry Median: 2.64
vs FRA:UI51: 11.86
Waste Connections FCF Margin % Related Terms
Waste Connections FCF Margin % Historical Data
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The historical data trend for Waste Connections's FCF 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.
FRA:UI51 vs CLH, RSG, GFL: FCF Margin % Comparison
For the Waste Management subindustry, Waste Connections's FCF Margin %, along with its competitors' market caps and FCF 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 FCF Margin % vs Waste Management Industry
For the Waste Management industry and Industrials sector, Waste Connections's FCF Margin % distribution charts can be found below:
* The bar in red indicates where Waste Connections's FCF 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 (FRA:UI51) has a FCF Margin % of 10.50% as of Mar. 2026. Free cash flow margin is the ratio of total free cash flow to net sales. View historical data on Waste Connections and its competitors. This is 30% below median its historical median of 15.08. Over the past decade, Waste Connections' FCF Margin % has ranged from 11.86 to 17.57. According to the industry distribution chart, Waste Connections ranks #62 out of 239 companies in the Waste Management industry, placing it in the top 25.9%.
Is Waste Connections' FCF Margin % too high?
Waste Connections' current FCF Margin % of 10.50% is 30% below median its 10-year median of 15.08. Over the past 10 years, this metric has ranged from a low of 11.86 to a high of 17.57. The Waste Management industry median FCF Margin % is 2.64. Waste Connections' value of 10.50% is 297.7% above this industry median. Based on the distribution chart, Waste Connections ranks #62 out of 239 companies in the Waste Management industry, which is above the industry midpoint. Overall, Waste Connections has a GF Score™ of 81/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Waste Connections' FCF Margin % compare to CLH and RSG?
According to the Waste Management industry distribution chart, Waste Connections ranks #62 out of 239 companies for FCF Margin %. This puts Waste Connections in the upper half of its industry. The industry median FCF Margin % is 2.64. Waste Connections' value of 10.50% is 297.7% above this benchmark. Historically, Waste Connections' own FCF Margin % has ranged from 11.86 to 17.57 over the past decade. While the company's 10-year median is 15.08 vs. the industry median of 2.64, 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 FCF Margin % for a Waste Management company?
The median FCF Margin % among Waste Management companies is 2.64, based on 239 companies in the industry. Companies in the top quartile (top 25%) have a FCF Margin % significantly above this median, while those in the bottom quartile fall well below. However, FCF Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Waste Connections's current FCF Margin % of 10.50% is 297.7% 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 FCF Margin % mean?
A high FCF Margin % can signal that a stock is expensive relative to its fundamentals. Free cash flow margin is the ratio of total free cash flow to net sales. View historical data on Waste Connections and its competitors. For the Waste Management industry, the median FCF Margin % is 2.64 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Waste Connections's current FCF Margin % is 10.50%, which is 30% below median its own 10-year median of 15.08. 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 (FRA:UI51) is currently considered Modestly Undervalued. The stock's GF Value™ is €164.60, compared to a current price of €139.66 — trading 15.2% below its estimated fair value. The current FCF Margin % is 10.50%, which is 30% below median its 10-year median of 15.08 and 297.7% above the Waste Management industry median of 2.64. Waste Connections' overall GF Score™ is 81/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is FCF Margin % calculated?
FCF Margin % is calculated from a company's financial statements. For Waste Connections (FRA:UI51), the current FCF Margin % is 10.50% 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 (FRA:UI51) Overvalued in 2026?
Based on GuruFocus' analysis, Waste Connections stock appears to be undervalued.
The current stock price of €139.66 is trading 15.2% below its estimated GF Value™ of €164.60.
GuruFocus considers Waste Connections to be Modestly Undervalued.
Key valuation signals for FRA:UI51:
FCF Margin %: 10.50% (30% below median its 10-year median of 15.08)
GF Value™: €164.60 vs. price of €139.66 (15.2% below fair value)
Industry Position: 297.7% above the Waste Management median (#62 of 239)
No single metric tells the full story. See the FRA:UI51 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.
81GF Score
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