Pulling SEC filings + quote and writing the call…
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $3.38B | $4.63B | $4.92B | $5.39B | $5.45B | $6.15B | $7.21B | $8.02B | $8.92B | $9.47B |
| Revenue growth | — | 37.2% | 6.3% | 9.5% | 1.1% | 13.0% | 17.2% | 11.2% | 11.2% | 6.1% |
| Operating income | $452M | $627M | $832M | $838M | $412M | $1.04B | $1.24B | $1.24B | $1.07B | $1.71B |
| Operating margin | 13.4% | 13.5% | 16.9% | 15.5% | 7.6% | 16.9% | 17.2% | 15.4% | 12.0% | 18.1% |
| Net income | $247M | $577M | $547M | $567M | $205M | $618M | $836M | $763M | $618M | $1.08B |
| Net margin | 7.3% | 12.5% | 11.1% | 10.5% | 3.8% | 10.0% | 11.6% | 9.5% | 6.9% | 11.4% |
| EPS (diluted) | $1.07 | $2.18 | $2.07 | $2.14 | $0.78 | $2.36 | $3.24 | $2.95 | $2.39 | $4.17 |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $795M | $1.19B | $1.41B | $1.54B | $1.41B | $1.70B | $2.02B | $2.13B | $2.23B | $2.41B |
| Capital expenditures | $345M | $479M | $546M | $634M | $597M | $744M | $913M | $934M | $1.06B | $1.18B |
| Free cash flow | $451M | $708M | $865M | $906M | $811M | $954M | $1.11B | $1.19B | $1.17B | $1.23B |
| Share buybacks | — | — | $58.9M | — | $106M | $339M | $425M | $0.00 | $0.00 | $506M |
| Dividends paid | $92.5M | $132M | $153M | $175M | $200M | $220M | $243M | $271M | $302M | $334M |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $154M | $434M | $319M | $327M | $617M | $147M | $78.6M | $78.4M | $62.4M | $46.0M |
| Total assets | $11.1B | $12.0B | $12.6B | $13.7B | $14.0B | $14.7B | $17.1B | $17.9B | $19.8B | $21.1B |
| Total liabilities | $5.45B | $5.74B | $6.17B | $6.80B | $7.13B | $7.71B | $10.0B | $10.2B | $12.0B | $12.9B |
| Long-term debt | $3.62B | $3.90B | $4.15B | $4.35B | $4.71B | $5.04B | $6.89B | — | — | — |
| Shareholders' equity | $5.65B | $6.27B | $6.45B | $6.93B | $6.86B | $6.99B | $7.11B | $7.69B | $7.86B | $8.25B |
| Retained earnings | $1.41B | $1.86B | $2.26B | $2.65B | $2.66B | $3.06B | $3.65B | $4.14B | $4.46B | $5.20B |
| Shares (wtd avg diluted) | 231M | 264M | 264M | 265M | 264M | 262M | 258M | 258M | 259M | 258M |
Every figure is extracted from Waste Connections, Inc.’s annual reports as filed with the SEC (XBRL company facts) — no third-party estimates. Fiscal years are labeled by period end; filers occasionally re-tag concepts, so a sparse cell means the company didn’t report that concept for that year. Free cash flow = operating cash flow − capital expenditures.
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