Waste Connections, Inc. balance sheet

At the end of fiscal 2025, Waste Connections, Inc. had total assets of $21.13bn, total liabilities of $12.88bn and shareholders' equity of $8.25bn. It held $46.0m in cash against $8.89bn of debt: net debt of $8.84bn.

Balance sheet

US$ billions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Waste Connections, Inc.: balance sheet, annual
Fiscal year	2010Dec 2010	2011Dec 2011	2012Dec 2012	2013Dec 2013	2014Dec 2014	2015Dec 2015	2016Dec 2016	2017Dec 2017	2018Dec 2018	2019Dec 2019	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025	LTMSept 2026
Cash and equivalents	0.0	0.0	0.0	0.0	0.0	0.0	0.2	0.4	0.3	0.3	0.6	0.1	0.1	0.1	0.1	0.0	0.1
Receivables	0.2	0.2	0.2	0.2	0.2	0.3	0.5	0.6	0.6	0.7	0.6	0.7	0.8	0.9	0.9	1.0	1.1
Total current assets	0.3	0.3	0.3	0.3	0.3	0.4	0.7	1.2	1.1	1.1	1.4	1.0	1.1	1.1	1.2	1.3	1.4
Goodwill	1.1	0.8	0.9	0.9	1.7	1.4	4.4	4.7	5.0	5.5	5.7	6.2	6.9	7.4	8.0	8.4	8.4
Total assets	3.4	3.1	3.5	3.4	5.2	5.1	11.1	12.0	12.8	13.7	14.0	14.7	17.1	17.9	19.8	21.1	21.5
Accounts payable	0.1	0.1	0.1	0.1	0.1	0.1	0.3	0.3	0.4	0.4	0.3	0.4	0.6	0.6	0.6	0.8	0.8
Deferred revenue (current)	0.0	0.0	0.0	0.0	0.0	0.0	—	—	0.2	0.2	0.2	0.3	0.3	0.4	0.4	0.4	0.4
Total current liabilities	0.3	0.3	0.3	0.3	0.3	0.4	0.7	0.8	0.9	1.0	1.0	1.2	1.5	1.7	1.9	2.1	2.2
Short-term debt	0.0	0.0	—	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	—	—	—	—
Long-term debt	1.3	1.3	1.7	1.5	1.6	2.1	3.6	3.9	4.2	4.4	4.7	5.0	6.9	6.7	8.1	8.8	9.4
Total debt	1.3	1.3	1.7	1.5	1.6	2.2	3.6	3.9	4.2	4.4	4.8	5.1	7.0	6.8	8.2	8.9	9.5
Total liabilities	1.7	1.8	2.2	2.1	2.1	3.1	5.4	5.7	6.4	6.8	7.1	7.7	10.0	10.2	12.0	12.9	13.6
Shareholders' equity	1.6	1.3	1.3	1.3	1.2	2.0	5.6	6.3	6.5	6.9	6.9	7.0	7.1	7.7	7.9	8.2	7.9
Non-controlling interests and other (assets − liabilities − equity)	—	—	—	—	1.9	—	—	—	—	—	—	—	—	—	—	—	—
Net debt (negative = net cash)	1.2	1.3	1.7	1.5	1.5	2.1	3.5	3.5	3.8	4.0	4.1	5.0	6.9	6.7	8.1	8.8	9.4
Shares outstanding	—	—	—	—	—	—	263m	263m	263m	264m	263m	260m	257m	258m	258m	256m	250m

US$ billions unless shown otherwise. Fiscal quarters.

Waste Connections, Inc.: balance sheet, quarterly
Quarter	2024 Q4Dec 2024	2025 Q1Mar 2025	2025 Q2Jun 2025	2025 Q3Sept 2025	2025 Q4Dec 2025	2026 Q1Mar 2026	2026 Q2Jun 2026	2026 Q3Sept 2026
Receivables	0.9	1.0	1.0	1.1	1.0	1.0	1.1	1.1
Total current assets	1.2	1.3	1.3	1.4	1.3	1.4	1.4	1.4
Goodwill	8.0	8.1	8.2	8.3	8.4	8.4	8.4	8.4
Total assets	19.8	20.3	20.7	20.8	21.1	21.2	21.4	21.5
Accounts payable	0.6	0.6	0.7	0.8	0.8	0.7	0.8	0.8
Deferred revenue (current)	0.4	0.4	0.4	0.4	0.4	0.4	0.4	0.4
Total current liabilities	1.9	1.8	2.0	2.1	2.1	2.0	2.1	2.2
Long-term debt	8.1	8.4	8.3	8.6	8.8	9.1	9.3	9.4
Total debt	8.1	8.4	8.3	8.6	8.8	9.1	9.3	9.4
Total liabilities	12.0	12.2	12.3	12.7	12.9	13.1	13.5	13.6
Shareholders' equity	7.9	8.0	8.4	8.1	8.2	8.1	7.9	7.9
Shares outstanding	258m	258m	258m	256m	256m	254m	252m	250m

Balances at each fiscal year end (quarter end in the quarterly view). Total debt is short- plus long-term borrowings, including lease debt where the company reports it within debt. Where assets do not equal liabilities plus shareholders' equity, the difference (non-controlling interests, redeemable preferred shares) is shown on its own line.

Compare with peers

Head to head: ABM vs WCN CLH vs WCN VLTO vs WCN RSG vs WCN

More: Environmental & Facilities Services stocks compared, Industrials sector, rankings of US companies

Figures from Waste Connections, Inc.'s SEC filings (10-K and 10-Q), retrieved October 31, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Waste Connections, Inc.