Waste ConnectionsMEX:WCNN 87 ROA % is 4.15% as of Mar. 2026, which is 4% below its 10-year median of 4.33. 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 249 Waste Management companies, Waste Connections ranks better than 73.49% on this metric.
ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Waste Connections's annualizedNet Income for the quarter that ended in Mar. 2026 was MXN15,821 Mil.
Waste Connections's average Total Assets over the quarter that ended in Mar. 2026 was MXN381,248 Mil. Therefore, Waste Connections's annualized ROA % for the quarter that ended in Mar. 2026 was 4.15%.
The historical rank and industry rank for Waste Connections's ROA % or its related term are showing as below:
MEX:WCNN'
s ROA % Range Over the Past 10 Years
Min: 1.48 Med: 4.33 Max: 5.26
Current: 5.07
During the past 13 years, Waste Connections's highest ROA % was 5.26%. The lowest was 1.48%. And the median was 4.33%.
MEX:WCNN's ROA % is ranked better than 73.49% of 249
companies
in the Waste Management industry
Industry Median: 1.54
vs MEX:WCNN: 5.07
Waste Connections (MEX:WCNN) ROA % Explanation
ROA % measures the rate of return on the total assets (shareholder equity plus liabilities). It measures a firm's efficiency at generating profits from shareholders' equity plus its liabilities. ROA % shows how well a company uses what it has to generate earnings. ROA %s can vary drastically across industries. Therefore, ROA % should not be used to compare companies in different industries. For retailers, a ROA % of higher than 5% is expected. For example, Wal-Mart (WMT) has a ROA % of about 8% as of 2012. For banks, ROA % is close to their interest spread. A banks ROA % is typically well under 2%.
Similar to ROE, ROA % is affected by profit margins and asset turnover. This can be seen from the Du Pont Formula:
Note:
The Net Income data used here is four times the quarterly (Mar. 2026) net income data. The Revenue data used here is four times the quarterly (Mar. 2026) revenue data.
* 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.
Be Aware
Like ROE, ROA % is calculated with only 12 months data. Fluctuations in the company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. ROA % can be affected by events such as stock buyback or issuance, and by goodwill, a company's tax rate and its interest payment. ROA % may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).
Many analysts argue the higher return the better. Buffett states that really high ROA % may indicate vulnerability in the durability of the competitive advantage.
E.g. Raising $43b to take on KO is impossible, but $1.7b to take on Moody's is. Although Moody's ROA % and underlying economics is far superior to Coca Cola, the durability is far weaker because of lower entry cost.
Waste Connections ROA % Related Terms
Waste Connections ROA % Historical Data
* Premium members only.
The historical data trend for Waste Connections's ROA % 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.
For the Waste Management subindustry, Waste Connections's ROA %, along with its competitors' market caps and ROA % 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 ROA % vs Waste Management Industry
For the Waste Management industry and Industrials sector, Waste Connections's ROA % distribution charts can be found below:
* The bar in red indicates where Waste Connections's ROA % 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.
In the calculation of annual ROA %, the net income of the last fiscal year and the average total assets over the fiscal year are used. In calculating the quarterly data,
the Net Income data used here is four times the quarterly (Mar. 2026) net income data.
ROA % is displayed in the 30-year financial page.
Waste Connections (MEX:WCNN) has a ROA % of 4.15% as of Mar. 2026. Return on assets is the ratio of current-period net income to average two-period total assets. View historical data on Waste Connections and its competitors. This is near median its historical median of 4.33. Over the past decade, Waste Connections' ROA % has ranged from 1.48 to 5.26. According to the industry distribution chart, Waste Connections ranks #66 out of 249 companies in the Waste Management industry, placing it in the top 26.5%.
Is Waste Connections' ROA % too high?
Waste Connections' current ROA % of 4.15% is near median its 10-year median of 4.33. Over the past 10 years, this metric has ranged from a low of 1.48 to a high of 5.26. The Waste Management industry median ROA % is 1.54. Waste Connections' value of 4.15% is 169.5% above this industry median. Based on the distribution chart, Waste Connections ranks #66 out of 249 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' ROA % compare to CLH and RSG?
According to the Waste Management industry distribution chart, Waste Connections ranks #66 out of 249 companies for ROA %. This puts Waste Connections in the upper half of its industry. The industry median ROA % is 1.54. Waste Connections' value of 4.15% is 169.5% above this benchmark. Historically, Waste Connections' own ROA % has ranged from 1.48 to 5.26 over the past decade. While the company's 10-year median is 4.33 vs. the industry median of 1.54, 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 ROA % for a Waste Management company?
The median ROA % among Waste Management companies is 1.54, based on 249 companies in the industry. Companies in the top quartile (top 25%) have a ROA % significantly above this median, while those in the bottom quartile fall well below. However, ROA % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Waste Connections's current ROA % of 4.15% is 169.5% 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 ROA % mean?
A high ROA % can signal that a stock is expensive relative to its fundamentals. Return on assets is the ratio of current-period net income to average two-period total assets. View historical data on Waste Connections and its competitors. For the Waste Management industry, the median ROA % is 1.54 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Waste Connections's current ROA % is 4.15%, which is near median its own 10-year median of 4.33. 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 ROA % is 4.15%, which is near median its 10-year median of 4.33 and 169.5% above the Waste Management industry median of 1.54. 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 ROA % calculated?
ROA % is calculated from a company's financial statements. For Waste Connections (MEX:WCNN), the current ROA % is 4.15% 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:
ROA %: 4.15% (near median its 10-year median of 4.33)
GF Value™: MXN3,445.03 vs. price of MXN2,800.00 (18.7% below fair value)
Industry Position: 169.5% above the Waste Management median (#66 of 249)
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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