Waste Connections Inc (WCN) - Cash Flow Conversion Efficiency

Latest as of December 2025: 0.293x

Based on the latest financial reports, Waste Connections Inc (WCN) has a cash flow conversion efficiency ratio of 0.293x as of December 2025. Cash flow conversion efficiency measures how effectively a company's net assets (equity) generate operating cash flow. It is calculated by dividing operating cash flow (CA$2.41 Billion ≈ $1.75 Billion USD) by net assets (CA$8.25 Billion ≈ $5.96 Billion USD). A higher ratio indicates that the company is more efficient at using its equity to generate cash flow from its core operations. See WCN equity to assets ratio to measure how much of total assets are equity-financed.

Waste Connections Inc - Cash Flow Conversion Efficiency Trend (1997–2025)

This chart illustrates how Waste Connections Inc's cash flow conversion efficiency has evolved over time, based on yearly financial data. Check Waste Connections Inc cash flow quality index to evaluate the quality of earnings relative to operating cash generation.

Waste Connections Inc Competitors by Cash Flow Conversion Efficiency

The table below lists competitors of Waste Connections Inc ranked by their cash flow conversion efficiency.

Company	Cash Flow Conversion Efficiency
Banco Bradesco DRC BA:BBD	0.005x
Ambev S.A. F:AMNA	0.149x
Takeda Pharmaceutical Company Limited F:TKDA	0.049x
Suzhou Dongshan Precision Manufacturing Co Ltd SHE:002384	0.020x
STANDARD CHART.UNSP.ADR/2 F:STD0	N/A
Goodman Group AU:GMG	0.025x
Flex Ltd NASDAQ:FLEX	0.080x
Cardinal Health Inc NYSE:CAH	-0.682x

Annual Cash Flow Conversion Efficiency for Waste Connections Inc (1997–2025)

The table below shows the annual cash flow conversion efficiency of Waste Connections Inc from 1997 to 2025. For the full company profile with market capitalisation and key ratios, see Waste Connections Inc stock valuation.

Year	Net Assets	Operating Cash Flow	Cash Flow Conversion Efficiency	Change
2025-12-31	CA$8.25 Billion ≈ $5.96 Billion	CA$2.41 Billion ≈ $1.75 Billion	0.293x	+3.25%
2024-12-31	CA$7.86 Billion ≈ $5.69 Billion	CA$2.23 Billion ≈ $1.61 Billion	0.284x	+2.63%
2023-12-31	CA$7.70 Billion ≈ $5.57 Billion	CA$2.13 Billion ≈ $1.54 Billion	0.276x	-2.82%
2022-12-31	CA$7.11 Billion ≈ $5.15 Billion	CA$2.02 Billion ≈ $1.46 Billion	0.284x	+17.08%
2021-12-31	CA$6.99 Billion ≈ $5.06 Billion	CA$1.70 Billion ≈ $1.23 Billion	0.243x	+18.33%
2020-12-31	CA$6.86 Billion ≈ $4.96 Billion	CA$1.41 Billion ≈ $1.02 Billion	0.205x	-7.57%
2019-12-31	CA$6.94 Billion ≈ $5.02 Billion	CA$1.54 Billion ≈ $1.11 Billion	0.222x	+1.64%
2018-12-31	CA$6.46 Billion ≈ $4.67 Billion	CA$1.41 Billion ≈ $1.02 Billion	0.218x	+15.44%
2017-12-31	CA$6.27 Billion ≈ $4.54 Billion	CA$1.19 Billion ≈ $858.85 Million	0.189x	+34.55%
2016-12-31	CA$5.65 Billion ≈ $4.09 Billion	CA$795.31 Million ≈ $575.32 Million	0.141x	-51.45%
2015-12-31	CA$1.99 Billion ≈ $1.44 Billion	CA$577.00 Million ≈ $417.39 Million	0.290x	+18.68%
2014-12-31	CA$2.23 Billion ≈ $1.62 Billion	CA$545.22 Million ≈ $394.40 Million	0.244x	+3.28%
2013-12-31	CA$2.05 Billion ≈ $1.48 Billion	CA$484.06 Million ≈ $350.16 Million	0.236x	+6.90%
2012-12-31	CA$1.88 Billion ≈ $1.36 Billion	CA$416.33 Million ≈ $301.16 Million	0.221x	-20.28%
2011-12-31	CA$1.40 Billion ≈ $1.01 Billion	CA$388.17 Million ≈ $280.80 Million	0.277x	+15.73%
2010-12-31	CA$1.37 Billion ≈ $991.34 Million	CA$328.40 Million ≈ $237.56 Million	0.240x	+7.10%
2009-12-31	CA$1.36 Billion ≈ $981.66 Million	CA$303.64 Million ≈ $219.65 Million	0.224x	+3.88%
2008-12-31	CA$1.26 Billion ≈ $908.13 Million	CA$270.41 Million ≈ $195.61 Million	0.215x	-20.81%
2007-12-31	CA$805.37 Million ≈ $582.59 Million	CA$219.07 Million ≈ $158.47 Million	0.272x	+1.82%
2006-12-31	CA$764.47 Million ≈ $553.01 Million	CA$204.23 Million ≈ $147.74 Million	0.267x	-0.45%
2005-12-31	CA$744.56 Million ≈ $538.60 Million	CA$199.81 Million ≈ $144.54 Million	0.268x	+9.35%
2004-12-31	CA$731.94 Million ≈ $529.48 Million	CA$179.62 Million ≈ $129.94 Million	0.245x	-12.36%
2003-12-31	CA$561.42 Million ≈ $406.12 Million	CA$157.22 Million ≈ $113.73 Million	0.280x	+3.94%
2002-12-31	CA$474.79 Million ≈ $343.46 Million	CA$127.92 Million ≈ $92.53 Million	0.269x	+23.52%
2001-12-31	CA$399.79 Million ≈ $289.20 Million	CA$87.20 Million ≈ $63.08 Million	0.218x	+35.55%
2000-12-31	CA$334.21 Million ≈ $241.76 Million	CA$53.78 Million ≈ $38.90 Million	0.161x	+60.54%
1999-12-31	CA$218.50 Million ≈ $158.06 Million	CA$21.90 Million ≈ $15.84 Million	0.100x	+0.39%
1998-12-31	CA$61.10 Million ≈ $44.20 Million	CA$6.10 Million ≈ $4.41 Million	0.100x	-73.50%
1997-12-31	CA$6.90 Million ≈ $4.99 Million	CA$2.60 Million ≈ $1.88 Million	0.377x	--

About Waste Connections Inc

TO:WCN Canada Waste Management

Market Cap

$43.43 Billion

CA$60.03 Billion CAD

Market Cap Rank

#622 Global

#27 in Canada

Share Price

CA$234.84

Change (1 day)

+0.78%

52-Week Range

CA$205.74 - CA$262.45

All Time High

CA$281.55