Waste ConnectionsMEX:WCNN 87 Net Margin % is 9.25% as of Mar. 2026, which is 10% below its 10-year median of 10.29. GuruFocus rates MEX:WCNN with a GF Score™ of 87/100 and a GF Value™ of MXN3,445.03 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 242 Waste Management companies, Waste Connections ranks better than 73.14% on this metric.
The historical rank and industry rank for Waste Connections's Net Margin % or its related term are showing as below:
MEX:WCNN'
s Net Margin % Range Over the Past 10 Years
Min: 3.76 Med: 10.29 Max: 12.46
Current: 10.97
MEX:WCNN's Net Margin % is ranked better than 73.14% of 242
companies
in the Waste Management industry
Industry Median: 3.9
vs MEX:WCNN: 10.97
Waste Connections (MEX:WCNN) Net Margin % Explanation
Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.
But the long term trend of the net margin is a good indicator of the competitiveness and health of the business.
Waste Connections Net Margin % Related Terms
Waste Connections Net Margin % Historical Data
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The historical data trend for Waste Connections's Net 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.
MEX:WCNN vs CLH, RSG, GFL: Net Margin % Comparison
For the Waste Management subindustry, Waste Connections's Net Margin %, along with its competitors' market caps and Net 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 Net Margin % vs Waste Management Industry
For the Waste Management industry and Industrials sector, Waste Connections's Net Margin % distribution charts can be found below:
* The bar in red indicates where Waste Connections's Net 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 (MEX:WCNN) has a Net Margin % of 9.25% as of Mar. 2026. Net margin is the ratio of total net income to net sales. View historical data on Waste Connections and its competitors. This is 10% below median its historical median of 10.29. Over the past decade, Waste Connections' Net Margin % has ranged from 3.76 to 12.46. According to the industry distribution chart, Waste Connections ranks #65 out of 242 companies in the Waste Management industry, placing it in the top 26.9%.
Is Waste Connections' Net Margin % too high?
Waste Connections' current Net Margin % of 9.25% is 10% below median its 10-year median of 10.29. Over the past 10 years, this metric has ranged from a low of 3.76 to a high of 12.46. The Waste Management industry median Net Margin % is 3.90. Waste Connections' value of 9.25% is 137.2% above this industry median. Based on the distribution chart, Waste Connections ranks #65 out of 242 companies in the Waste Management industry, which is above the industry midpoint. Overall, Waste Connections has a GF Score™ of 87/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Waste Connections' Net Margin % compare to CLH and RSG?
According to the Waste Management industry distribution chart, Waste Connections ranks #65 out of 242 companies for Net Margin %. This puts Waste Connections in the upper half of its industry. The industry median Net Margin % is 3.90. Waste Connections' value of 9.25% is 137.2% above this benchmark. Historically, Waste Connections' own Net Margin % has ranged from 3.76 to 12.46 over the past decade. While the company's 10-year median is 10.29 vs. the industry median of 3.90, 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 Net Margin % for a Waste Management company?
The median Net Margin % among Waste Management companies is 3.90, based on 242 companies in the industry. Companies in the top quartile (top 25%) have a Net Margin % significantly above this median, while those in the bottom quartile fall well below. However, Net Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Waste Connections's current Net Margin % of 9.25% is 137.2% 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 Net Margin % mean?
A high Net Margin % can signal that a stock is expensive relative to its fundamentals. Net margin is the ratio of total net income to net sales. View historical data on Waste Connections and its competitors. For the Waste Management industry, the median Net Margin % is 3.90 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Waste Connections's current Net Margin % is 9.25%, which is 10% below median its own 10-year median of 10.29. 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 (MEX:WCNN) is currently considered Modestly Undervalued. The stock's GF Value™ is MXN3,445.03, compared to a current price of MXN2,800.00 — trading 18.7% below its estimated fair value. The current Net Margin % is 9.25%, which is 10% below median its 10-year median of 10.29 and 137.2% above the Waste Management industry median of 3.90. Waste Connections' overall GF Score™ is 87/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Net Margin % calculated?
Net Margin % is calculated from a company's financial statements. For Waste Connections (MEX:WCNN), the current Net Margin % is 9.25% 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 (MEX:WCNN) Overvalued in 2026?
Based on GuruFocus' analysis, Waste Connections stock appears to be undervalued.
The current stock price of MXN2,800.00 is trading 18.7% below its estimated GF Value™ of MXN3,445.03.
GuruFocus considers Waste Connections to be Modestly Undervalued.
Key valuation signals for MEX:WCNN:
Net Margin %: 9.25% (10% below median its 10-year median of 10.29)
GF Value™: MXN3,445.03 vs. price of MXN2,800.00 (18.7% below fair value)
Industry Position: 137.2% above the Waste Management median (#65 of 242)
No single metric tells the full story. See the MEX:WCNN 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.
87GF Score
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