WASTE CONNECTIONS, INC. (WCN) FY2025 Q3 P&L / Income Statement

Revenue by Business Segment (6 categories)

2025-07-01 to 2025-09-30

Swipe to see the full flow
WASTE CONNECTIONS, INC. (WCN) FY2025 Q3 P&L / Income StatementIncome statement for 2025-07-01 through 2025-09-30. View: Business segment (6 categories). Revenue uses this breakdown; costs and expenses retain the consolidated categories.SOURCESREVENUEGROSSOPERATINGPRE-TAXNETWesternSouthernEasternCentralCanadaMidSouthRevenuesGross profit (calculated)Cost of operationsOperating incomeOperating expenses (calculated)DepreciationSelling, general and administrativeAmortization of intangiblesImpairments and other operating itemsIncome before income tax provisionOther income (expense), net (calculated)Net incomeIncome tax provisionGross profit (calculated)Gross profit(calculated)$1.05 BIncome before income tax provisionIncome beforeincome tax provision$374.77 MRevenuesRevenues$2.46 BOperating incomeOperating income$439.59 MNet incomeNet income$286.27 MWesternWestern$486.26 MOperating expenses (calculated)Operating expenses(calculated)$611.93 MSouthernSouthern$485.39 MIncome tax provisionIncome taxes$88.50 MDepreciationDepreciation$264.00 MOther income (expense), net (calculated)Other income,net (calculated)−$64.82 MCost of operationsCost of operations$1.41 BEasternEastern$440.77 MSelling, general and administrativeSelling, general and administrative$236.48 MCentralCentral$413.39 MAmortization of intangiblesAmortization of intangibles$51.33 MImpairments and other operating itemsImpairments andother operating items$60.13 MCanadaCanada$349.77 MMidSouthMidSouth$282.80 M
Chart details

WASTE CONNECTIONS, INC. (WCN) FY2025 Q3 P&L / Income Statement

Income statement for 2025-07-01 through 2025-09-30. View: Business segment (6 categories). Revenue uses this breakdown; costs and expenses retain the consolidated categories.

Revenues
2,458,378,000 US dollars
Cost of operations
1,406,854,000 US dollars
Gross profit (calculated)
1,051,524,000 US dollars
Operating expenses (calculated)
611,933,000 US dollars
Operating income
439,591,000 US dollars
Other income (expense), net (calculated)
negative 64,817,000 US dollars
Income before income tax provision
374,774,000 US dollars
Income tax provision
88,503,000 US dollars
Net income
286,271,000 US dollars
Southern
485,394,000 US dollars
Eastern
440,770,000 US dollars
Western
486,255,000 US dollars
Central
413,389,000 US dollars
Canada
349,766,000 US dollars
MidSouth
282,804,000 US dollars
Selling, general and administrative
236,476,000 US dollars
Depreciation
263,999,000 US dollars
Amortization of intangibles
51,331,000 US dollars
Impairments and other operating items
60,127,000 US dollars

Chart connections

  • Revenue less cost of revenue equals gross profit; gross profit less operating expenses equals operating income.
  • Operating income plus other income or expense equals income before tax. Income before tax less income tax expense or benefit equals net income.
WASTE CONNECTIONS, INC. (WCN) FY2025 Q3 Revenue by Business Segment (6 categories) Sankey chart
Free to share unchanged, with credit to Plicit.ai · CC BY-NC-ND 4.0Download PNG

Gross margin

42.8%

Gross profit / revenue

Operating margin

17.9%

Operating profit / revenue

Cash conversion

236.6%

Operating cash / net income, same period

Newsletter

Get the teardowns by email

Subscribe if you want the public-company teardowns in your inbox when they're released.

Product waitlist

Health Check and Teardown for your own company

A health check uncovers insights of your private books, not a public ticker. Join this list to get notified as soon as we go-live!