Waste ConnectionsMEX:WCNN +6.82%87 3-Year ROIIC % is 9.57 as of Dec. 2025, which is 12% above its 10-year median of 8.53. 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 233 Waste Management companies, Waste Connections ranks better than 64.38% on this metric.
3-Year Return on Invested Incremental Capital (3-Year ROIIC %) measures the change in earnings as a percentage of change in investment over 3-year.
Waste Connections's 3-Year ROIIC % for the quarter that ended in Dec. 2025 was 9.57%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for Waste Connections's 3-Year ROIIC % or its related term are showing as below:
MEX:WCNN's 3-Year ROIIC % is ranked better than 64.38% of 233
companies
in the Waste Management industry
Industry Median: 2.72
vs MEX:WCNN: 9.57
Return on Incremental Invested Capital (ROIIC) is an extension of Return on Investment Capital (ROIC). ROIC % tells investors how efficiently that profitability is earned per dollar of company capital. ROIIC narrows the focus even further and shows how profitable each additional unit of capital investment could be. ROIIC % is a more powerful metric than ROIC because it measures how much money the company can generate going forward on future capital investments.
High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
Be Aware
It's important to keep in mind that when tracking ROIIC, the metric is better suited to forecasting the trend of future returns rather than measuring current return on investment.
Waste Connections 3-Year ROIIC % Related Terms
Waste Connections 3-Year ROIIC % Historical Data
* Premium members only.
The historical data trend for Waste Connections's 3-Year ROIIC % 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: 3-Year ROIIC % Comparison
For the Waste Management subindustry, Waste Connections's 3-Year ROIIC %, along with its competitors' market caps and 3-Year ROIIC % 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 3-Year ROIIC % vs Waste Management Industry
For the Waste Management industry and Industrials sector, Waste Connections's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Waste Connections's 3-Year ROIIC % 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.
** Annual data of NOPAT and Invested Capital was used to calculate 3-Year ROIIC %.
*** Please be aware that the ROIIC (Return on Invested Capital) calculations are based on company-level data using the primary share class. The calculated data provided is for demonstration purposes and may slightly differ from the results displayed in the title due to potential variations caused by currency exchange rate differences throughout the year.
Waste Connections (MEX:WCNN) has a 3-Year ROIIC % of 9.57 as of Dec. 2025. 3-Year ROIIC % measures the change in earnings as a percentage of change in investment over 3-year. View historical data on Waste Connections and its competitors. This is 12% above median its historical median of 8.53. According to the industry distribution chart, Waste Connections ranks #83 out of 233 companies in the Waste Management industry, placing it in the top 35.6%.
Is Waste Connections' 3-Year ROIIC % too high?
Waste Connections' current 3-Year ROIIC % of 9.57 is 12% above median its 10-year median of 8.53. The Waste Management industry median 3-Year ROIIC % is 2.72. Waste Connections' value of 9.57 is 251.8% above this industry median. Based on the distribution chart, Waste Connections ranks #83 out of 233 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' 3-Year ROIIC % compare to CLH and RSG?
According to the Waste Management industry distribution chart, Waste Connections ranks #83 out of 233 companies for 3-Year ROIIC %. This puts Waste Connections in the upper half of its industry. The industry median 3-Year ROIIC % is 2.72. Waste Connections' value of 9.57 is 251.8% above this benchmark. While the company's 10-year median is 8.53 vs. the industry median of 2.72, 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 3-Year ROIIC % for a Waste Management company?
The median 3-Year ROIIC % among Waste Management companies is 2.72, based on 233 companies in the industry. Companies in the top quartile (top 25%) have a 3-Year ROIIC % significantly above this median, while those in the bottom quartile fall well below. However, 3-Year ROIIC % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Waste Connections's current 3-Year ROIIC % of 9.57 is 251.8% 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 3-Year ROIIC % mean?
A high 3-Year ROIIC % can signal that a stock is expensive relative to its fundamentals. 3-Year ROIIC % measures the change in earnings as a percentage of change in investment over 3-year. View historical data on Waste Connections and its competitors. For the Waste Management industry, the median 3-Year ROIIC % is 2.72 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Waste Connections's current 3-Year ROIIC % is 9.57, which is 12% above median its own 10-year median of 8.53. 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 3-Year ROIIC % is 9.57, which is 12% above median its 10-year median of 8.53 and 251.8% above the Waste Management industry median of 2.72. 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 3-Year ROIIC % calculated?
3-Year ROIIC % is calculated from a company's financial statements. For Waste Connections (MEX:WCNN), the current 3-Year ROIIC % is 9.57 as of Dec. 2025. 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:
3-Year ROIIC %: 9.57 (12% above median its 10-year median of 8.53)
GF Value™: MXN3,445.03 vs. price of MXN2,800.00 (18.7% below fair value)
Industry Position: 251.8% above the Waste Management median (#83 of 233)
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
Get the complete analysis for MEX:WCNN
3-Year ROIIC % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
MEX:WCNN has been successfully added to your 
