Stocks Comparison
Waste Connections vs Waste Management: revenue, profit, margins and growth compared
Waste Connections brought in $9.5B of revenue in fiscal 2025, Waste Management $25.2B in fiscal 2025. Revenue changed by +6.1% at Waste Connections and +14.2% at Waste Management on the year before, so Waste Management grew faster. Waste Connections kept 11.4% of its revenue as net profit, Waste Management 10.7%. Free cash flow was $1.2B at Waste Connections and $2.8B at Waste Management.
Side by side, latest fiscal year
| WCN | WM | |
|---|---|---|
| Fiscal year ended | FY2025 (December 31, 2025) | FY2025 (December 31, 2025) |
| Revenue | $9.5B | $25.2B |
| Revenue growth | +6.1% | +14.2% |
| Net income | $1.1B | $2.7B |
| Net margin | 11.4% | 10.7% |
| Free cash flow | $1.2B | $2.8B |
| Free cash flow margin | 13.0% | 11.2% |
| Earnings per share (diluted) | $4.17 | $6.70 |
| Cash | $46M | $201M |
| Debt | $8.9B | $22.9B |
| Price to earnings | 37.3 | 30.9 |
| Market value | $39.7B | $82.7B |
| Dividend yield | 0.83% | 1.60% |
| Rank by revenue in sector | #30 of 109 · Utilities | #8 of 109 · Utilities |
Over the years
Questions about Waste Connections and Waste Management
Which is bigger by revenue, Waste Connections or Waste Management?
Waste Management is bigger by revenue: $25.2B in fiscal 2025, against $9.5B for Waste Connections in fiscal 2025.
Which keeps more of its revenue as profit, Waste Connections or Waste Management?
Waste Connections had a net margin of 11.4% in fiscal 2025; Waste Management had 10.7% in fiscal 2025.
Which grew revenue faster, Waste Connections or Waste Management?
In their latest fiscal years revenue changed by +6.1% at Waste Connections and +14.2% at Waste Management.
Where do these numbers come from?
From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.