Waste Connections Inc (WCN) — Cash Flow Quality Index
Waste Connections Inc (WCN) has a Cash Flow Quality Index of 2.24x as of December 2025. Operating cash flow of CA$2.41 Billion exceeds net income of CA$1.08 Billion, indicating high earnings quality where cash backs reported profits. Explore WCN operating cash flow to total debt to assess how comfortably operating cash covers total debt obligations.
Cash Flow Quality Index
Operating Cash Flow
Net Income
Data as of
Waste Connections Inc Cash Flow Quality Index (1998–2025)
Historical Cash Flow Quality Index for Waste Connections Inc across 27 annual periods. Values consistently above 1.0x indicate high-quality earnings. For the full cash flow conversion analysis, see WCN cash flow conversion.
Annual Cash Flow Quality Index for Waste Connections Inc (1998–2025)
Year-by-year earnings quality comparison for Waste Connections Inc.
| Year | Quality Index | Operating CF (CAD) | Net Income | YoY Change |
|---|---|---|---|---|
| 2025 | 2.24x | CA$2.41 Billion | CA$1.08 Billion | ▼ -38.0% |
| 2024 | 3.62x | CA$2.23 Billion | CA$616.57 Million | ▲ +29.7% |
| 2023 | 2.79x | CA$2.13 Billion | CA$762.83 Million | ▲ +15.2% |
| 2022 | 2.42x | CA$2.02 Billion | CA$836.00 Million | ▼ -11.9% |
| 2021 | 2.75x | CA$1.70 Billion | CA$618.49 Million | ▼ -60.2% |
| 2020 | 6.90x | CA$1.41 Billion | CA$203.99 Million | ▲ +154.0% |
| 2019 | 2.72x | CA$1.54 Billion | CA$566.68 Million | ▲ +5.4% |
| 2018 | 2.58x | CA$1.41 Billion | CA$547.15 Million | ▲ +25.4% |
| 2017 | 2.06x | CA$1.19 Billion | CA$577.42 Million | ▼ -36.1% |
| 2016 | 3.22x | CA$795.31 Million | CA$247.32 Million | ▲ +37.6% |
| 2014 | 2.34x | CA$545.22 Million | CA$233.33 Million | ▼ -5.4% |
| 2013 | 2.47x | CA$484.06 Million | CA$196.00 Million | ▼ -5.3% |
| 2012 | 2.61x | CA$416.33 Million | CA$159.66 Million | ▲ +11.6% |
| 2011 | 2.34x | CA$388.17 Million | CA$166.17 Million | ▼ -3.2% |
| 2010 | 2.41x | CA$328.40 Million | CA$136.14 Million | ▼ -12.0% |
| 2009 | 2.74x | CA$303.64 Million | CA$110.81 Million | ▲ +7.0% |
| 2008 | 2.56x | CA$270.41 Million | CA$105.56 Million | ▲ +15.9% |
| 2007 | 2.21x | CA$219.07 Million | CA$99.08 Million | ▼ -16.2% |
| 2006 | 2.64x | CA$204.23 Million | CA$77.42 Million | ▲ +10.8% |
| 2005 | 2.38x | CA$199.81 Million | CA$83.94 Million | ▼ -4.2% |
| 2004 | 2.49x | CA$179.62 Million | CA$72.27 Million | ▲ +3.7% |
| 2003 | 2.40x | CA$157.22 Million | CA$65.60 Million | ▲ +3.9% |
| 2002 | 2.31x | CA$127.92 Million | CA$55.47 Million | ▼ -19.3% |
| 2001 | 2.86x | CA$87.20 Million | CA$30.53 Million | ▲ +49.7% |
| 2000 | 1.91x | CA$53.78 Million | CA$28.19 Million | ▼ -19.9% |
| 1999 | 2.38x | CA$21.90 Million | CA$9.20 Million | ▲ +9.3% |
| 1998 | 2.18x | CA$6.10 Million | CA$2.80 Million | — |