Waste Connections, Inc. WCN.TO TSX

Waste Connections, Inc. (WCN.TO) generated $2.41B in operating cash flow for fiscal year 2025. After capital expenditures of $1.19B, free cash flow was $1.22B.

Free cash flow margin was 12.9% of revenue. Cash conversion ratio was 2.24x, indicating earnings are backed by cash.

The company returned $333.81M in dividends and $505.52M in share buybacks to shareholders during the period.

Criteria supported by this page:

• HEALTH (33/100, Fail) — weak cash flow raises concerns about debt servicing
• MOAT (73/100, Pass) — $1.22B (12.9% FCF margin) supports a durable competitive advantage
• INCOME (55/100) — Cash conversion ratio was 2.24x confirms earnings are backed by real cash flow

Overall SharesGrow Score: 61/100 with 4/7 criteria passed.