Waste Connections Stock Gross Profit

WCN Stock

USD 193.18 0.07 0.04%

Waste Connections fundamentals help investors to digest information that contributes to Waste Connections' financial success or failures. It also enables traders to predict the movement of Waste Stock. The fundamental analysis module provides a way to measure Waste Connections' intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Waste Connections stock.

	Last Reported	Projected for Next Year
Gross Profit	3.3 B	3.4 B
Gross Profit Margin	0.41	0.34

As of the 28th of November 2024, Gross Profit is likely to grow to about 3.4 B, while Gross Profit Margin is likely to drop 0.34.

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Waste Connections Company Gross Profit Analysis

Waste Connections' Gross Profit is the most basic measure of business operational efficiency. It is simply the difference between sales revenue and the cost associated with making a product or providing a service. It is calculated before deducting administrative expenses, taxes, and interest payments.

Gross Profit

Revenue

-

Cost of Revenue

More About Gross Profit | All Equity Analysis

Current Waste Connections Gross Profit

2.88 B

Most of Waste Connections' fundamental indicators, such as Gross Profit, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Waste Connections is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.

Waste Gross Profit Driver Correlations

Understanding the fundamental principles of building solid financial models for Waste Connections is extremely important. It helps to project a fair market value of Waste Stock properly, considering its historical fundamentals such as Gross Profit. Since Waste Connections' main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Waste Connections' historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Waste Connections' interrelated accounts and indicators.

	Total Assets	Total Stockholder Equity	Net Debt	Retained Earnings	Accounts Payable	Net Receivables	Total Liab	Total Current Assets	Intangible Assets	Short Term Debt	Common Stock	Long Term Debt	Good Will	Property Plant Equipment	Current Deferred Revenue	Net Tangible Assets	Deferred Long Term Liab	Long Term Investments	Short Long Term Debt	Long Term Debt Total	Capital Surpluse	Cash And Equivalents	Net Invested Capital	Net Working Capital	Capital Stock
Total Assets		0.98	0.97	0.95	0.96	1.0	0.99	0.94	0.99	0.7	0.86	0.98	1.0	0.99	0.46	-0.62	0.89	0.39	-0.74	0.91	0.93	0.09	0.81	-0.78	-0.73
Total Stockholder Equity	0.98		0.91	0.89	0.9	0.98	0.94	0.97	0.96	0.61	0.93	0.94	0.98	0.96	0.51	-0.48	0.9	0.42	-0.77	0.89	0.91	0.22	0.71	-0.68	-0.61
Net Debt	0.97	0.91		0.98	0.98	0.97	1.0	0.83	0.98	0.77	0.71	0.99	0.96	0.98	0.37	-0.78	0.82	0.34	-0.66	0.91	0.9	-0.11	0.9	-0.88	-0.86
Retained Earnings	0.95	0.89	0.98		0.96	0.96	0.98	0.82	0.95	0.81	0.67	0.97	0.95	0.96	0.32	-0.78	0.77	0.29	-0.65	0.88	0.89	-0.08	0.9	-0.89	-0.86
Accounts Payable	0.96	0.9	0.98	0.96		0.97	0.98	0.82	0.96	0.76	0.73	0.98	0.96	0.97	0.33	-0.76	0.82	0.32	-0.63	0.91	0.9	-0.12	0.89	-0.9	-0.85
Net Receivables	1.0	0.98	0.97	0.96	0.97		0.99	0.92	0.99	0.71	0.83	0.99	0.99	0.99	0.46	-0.65	0.88	0.37	-0.73	0.92	0.93	0.06	0.82	-0.8	-0.75
Total Liab	0.99	0.94	1.0	0.98	0.98	0.99		0.88	0.99	0.76	0.77	1.0	0.98	0.99	0.4	-0.73	0.85	0.36	-0.69	0.92	0.92	-0.02	0.87	-0.85	-0.81
Total Current Assets	0.94	0.97	0.83	0.82	0.82	0.92	0.88		0.9	0.55	0.93	0.88	0.93	0.89	0.56	-0.36	0.87	0.4	-0.76	0.83	0.86	0.43	0.61	-0.53	-0.49
Intangible Assets	0.99	0.96	0.98	0.95	0.96	0.99	0.99	0.9		0.7	0.82	0.99	0.98	0.99	0.46	-0.67	0.88	0.39	-0.71	0.91	0.92	0.01	0.82	-0.8	-0.76
Short Term Debt	0.7	0.61	0.77	0.81	0.76	0.71	0.76	0.55	0.7		0.37	0.76	0.72	0.73	0.11	-0.8	0.48	0.09	-0.21	0.7	0.7	-0.15	0.85	-0.83	-0.83
Common Stock	0.86	0.93	0.71	0.67	0.73	0.83	0.77	0.93	0.82	0.37		0.77	0.86	0.81	0.56	-0.21	0.88	0.44	-0.73	0.77	0.81	0.41	0.47	-0.43	-0.35
Long Term Debt	0.98	0.94	0.99	0.97	0.98	0.99	1.0	0.88	0.99	0.76	0.77		0.98	0.99	0.41	-0.74	0.84	0.38	-0.66	0.93	0.93	-0.02	0.88	-0.85	-0.82
Good Will	1.0	0.98	0.96	0.95	0.96	0.99	0.98	0.93	0.98	0.72	0.86	0.98		0.99	0.45	-0.64	0.89	0.39	-0.71	0.93	0.94	0.09	0.82	-0.79	-0.74
Property Plant Equipment	0.99	0.96	0.98	0.96	0.97	0.99	0.99	0.89	0.99	0.73	0.81	0.99	0.99		0.35	-0.67	0.85	0.39	-0.7	0.91	0.91	0.0	0.83	-0.82	-0.78
Current Deferred Revenue	0.46	0.51	0.37	0.32	0.33	0.46	0.4	0.56	0.46	0.11	0.56	0.41	0.45	0.35		-0.07	0.54	0.18	-0.48	0.44	0.51	0.38	0.23	-0.12	-0.04
Net Tangible Assets	-0.62	-0.48	-0.78	-0.78	-0.76	-0.65	-0.73	-0.36	-0.67	-0.8	-0.21	-0.74	-0.64	-0.67	-0.07		-0.47	-0.04	0.27	-0.7	-0.66	0.53	-0.93	0.93	0.96
Deferred Long Term Liab	0.89	0.9	0.82	0.77	0.82	0.88	0.85	0.87	0.88	0.48	0.88	0.84	0.89	0.85	0.54	-0.47		0.33	-0.78	0.92	0.93	0.14	0.69	-0.63	-0.53
Long Term Investments	0.39	0.42	0.34	0.29	0.32	0.37	0.36	0.4	0.39	0.09	0.44	0.38	0.39	0.39	0.18	-0.04	0.33		-0.06	0.34	0.34	0.15	0.19	-0.18	-0.15
Short Long Term Debt	-0.74	-0.77	-0.66	-0.65	-0.63	-0.73	-0.69	-0.76	-0.71	-0.21	-0.73	-0.66	-0.71	-0.7	-0.48	0.27	-0.78	-0.06		-0.63	-0.65	-0.23	-0.44	0.41	0.35
Long Term Debt Total	0.91	0.89	0.91	0.88	0.91	0.92	0.92	0.83	0.91	0.7	0.77	0.93	0.93	0.91	0.44	-0.7	0.92	0.34	-0.63		0.99	0.02	0.89	-0.81	-0.73
Capital Surpluse	0.93	0.91	0.9	0.89	0.9	0.93	0.92	0.86	0.92	0.7	0.81	0.93	0.94	0.91	0.51	-0.66	0.93	0.34	-0.65	0.99		0.07	0.86	-0.79	-0.7
Cash And Equivalents	0.09	0.22	-0.11	-0.08	-0.12	0.06	-0.02	0.43	0.01	-0.15	0.41	-0.02	0.09	0.0	0.38	0.53	0.14	0.15	-0.23	0.02	0.07		-0.28	0.45	0.45
Net Invested Capital	0.81	0.71	0.9	0.9	0.89	0.82	0.87	0.61	0.82	0.85	0.47	0.88	0.82	0.83	0.23	-0.93	0.69	0.19	-0.44	0.89	0.86	-0.28		-0.95	-0.93
Net Working Capital	-0.78	-0.68	-0.88	-0.89	-0.9	-0.8	-0.85	-0.53	-0.8	-0.83	-0.43	-0.85	-0.79	-0.82	-0.12	0.93	-0.63	-0.18	0.41	-0.81	-0.79	0.45	-0.95		0.96
Capital Stock	-0.73	-0.61	-0.86	-0.86	-0.85	-0.75	-0.81	-0.49	-0.76	-0.83	-0.35	-0.82	-0.74	-0.78	-0.04	0.96	-0.53	-0.15	0.35	-0.73	-0.7	0.45	-0.93	0.96

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Waste Gross Profit Historical Pattern

Today, most investors in Waste Connections Stock are looking for potential investment opportunities by analyzing not only static indicators but also various Waste Connections' growth ratios. Consistent increases or drops in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's gross profit growth rates may not be enough to decide which company is a better investment. That's why investors frequently use a static breakdown of Waste Connections gross profit as a starting point in their analysis.

Waste Connections Gross Profit

Timeline

Gross Profit varies significantly from one sector to another and tells an investor how much money a business would have made if it didn't have to pay any overhead expenses such as salary, taxes, or rent.

Competition

Predict Waste Connections

Gross Profit Over Time

According to the company disclosure, Waste Connections reported 2.88 B of gross profit. This is 28.97% lower than that of the Commercial Services & Supplies sector and 138.8% higher than that of the Industrials industry. The gross profit for all United States stocks is 89.5% higher than that of the company.

Waste Gross Profit Peer Comparison

Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Waste Connections' direct or indirect competition against its Gross Profit to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Waste Connections could also be used in its relative valuation, which is a method of valuing Waste Connections by comparing valuation metrics of similar companies.

Waste Connections is currently under evaluation in gross profit category among its peers.

Waste Connections Current Valuation Drivers

We derive many important indicators used in calculating different scores of Waste Connections from analyzing Waste Connections' financial statements. These drivers represent accounts that assess Waste Connections' ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Waste Connections' important valuation drivers and their relationship over time.

	2019	2020	2021	2022	2023	2024 (projected)
Market Cap	23.9B	27.0B	35.6B	34.1B	38.4B	40.4B
Enterprise Value	28.2B	31.3B	40.7B	41.1B	45.4B	47.7B

Waste Connections ESG Sustainability

Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, Waste Connections' sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Waste Connections' managers, analysts, and investors.

Environmental

Governance

Social

Waste Fundamentals

	Return On Equity	0.12
	Return On Asset	0.0507
	Profit Margin	0.11 %
	Operating Margin	0.21 %
	Current Valuation	58.21 B
	Shares Outstanding	258.01 M
	Shares Owned By Insiders	0.21 %
	Shares Owned By Institutions	90.05 %
	Number Of Shares Shorted	1.48 M
	Price To Earning	166.85 X
	Price To Book	6.04 X
	Price To Sales	5.73 X
	Revenue	8.02 B
	Gross Profit	2.88 B
	EBITDA	2.28 B
	Net Income	762.83 M
	Cash And Equivalents	78.64 M
	Cash Per Share	0.86 X
	Total Debt	7.02 B
	Debt To Equity	0.85 %
	Current Ratio	0.94 X
	Book Value Per Share	32.02 X
	Cash Flow From Operations	2.13 B
	Short Ratio	1.76 X
	Earnings Per Share	3.63 X
	Price To Earnings To Growth	2.09 X
	Target Price	195.26
	Number Of Employees	22.54 K
	Beta	0.72
	Market Capitalization	49.84 B
	Total Asset	17.92 B
	Retained Earnings	4.14 B
	Working Capital	(546.15 M)
	Current Asset	784.63 M
	Current Liabilities	689.25 M
	Annual Yield	0.01 %
	Five Year Return	0.70 %
	Net Asset	17.92 B
	Last Dividend Paid	1.14

About Waste Connections Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Waste Connections's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Waste Connections using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Waste Connections based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.

Please read more on our fundamental analysis page.

Pair Trading with Waste Connections

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Waste Connections position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Waste Connections will appreciate offsetting losses from the drop in the long position's value.

Moving together with Waste Stock

0.71

Genpact Limited

Pair Corr

Moving against Waste Stock

0.67	FC	Franklin Covey	Pair Corr
0.52	BCO	Brinks Company	Pair Corr
0.38	EXPO	Exponent	Pair Corr
0.37	CIX	CompX International	Pair Corr
0.34	VCIG	VCI Global Limited Trending	Pair Corr

The ability to find closely correlated positions to Waste Connections could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Waste Connections when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Waste Connections - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Waste Connections to buy it.

The correlation of Waste Connections is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Waste Connections moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Waste Connections moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Waste Connections can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

When determining whether Waste Connections offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Waste Connections' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Waste Connections Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Waste Connections Stock:

How To Invest In Waste

Details

Is Waste Stock a good investment?

Details

What is Waste Connections' Net Worth?

Details

Largest Environmental & Facilities Services Companies

View

Largest Commercial & Professional Services Companies

View

Check out Waste Connections Piotroski F Score and Waste Connections Altman Z Score analysis.

To learn how to invest in Waste Stock, please use our How to Invest in Waste Connections guide.

You can also try the Watchlist Optimization module to optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm.

Is Environmental & Facilities Services space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Waste Connections. If investors know Waste will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Waste Connections listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Quarterly Earnings Growth

0.339

Dividend Share

1.14

Earnings Share

3.63

Revenue Per Share

33.72

Quarterly Revenue Growth

0.133

The market value of Waste Connections is measured differently than its book value, which is the value of Waste that is recorded on the company's balance sheet. Investors also form their own opinion of Waste Connections' value that differs from its market value or its book value, called intrinsic value, which is Waste Connections' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Waste Connections' market value can be influenced by many factors that don't directly affect Waste Connections' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between Waste Connections' value and its price as these two are different measures arrived at by different means. Investors typically determine if Waste Connections is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Waste Connections' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

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Waste Connections Stock Gross Profit

Waste Connections Company Gross Profit Analysis

Gross Profit

Revenue

-

Cost of Revenue

Current Waste Connections Gross Profit

Waste Gross Profit Driver Correlations

Waste Gross Profit Historical Pattern

Waste Gross Profit Peer Comparison

Waste Connections Current Valuation Drivers

Waste Connections ESG Sustainability

Waste Fundamentals

About Waste Connections Fundamental Analysis

Pair Trading with Waste Connections

Moving together with Waste Stock

Moving against Waste Stock

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