Waste Connections Inc. (WCN) scored on five pillars from its reported financial statements, and ranked against 270 Industrials companies.
Waste Connections Inc. (WCN) scores 5.7 out of 10 as of , computed from its reported financial statements. That reads as solid quality. The reading rests on growth, and solvency is what holds it back.
Data provided by Twelve Data. Scores are computed by Lemma Analysis from reported financials.
Waste Connections Inc.’s returns on capital beat their cost in most measured years: 5 of 5 indicators passed.
Quantitative signs of a moat, read from the filed statements. This is not a judgement of where it comes from (brand, network effects, switching costs). How Lemma measures a moat →
Waste Connections Inc. (WCN) has a Lemma Quality Score of 5.7 out of 10 as of October 18, 2026, which reads as solid quality. A solid reading is a respectable business with clear strengths and at least one area that falls short of the best in its field. Five pillars feed it, and every one of them is computed from what the company reported rather than from its share price.
Ranked with the 270 Industrials companies Lemma publishes, the score sits at the 53rd percentile, in the upper half of the group, short of the top quarter. A typical company in the group scores 5.6, and the best quarter starts from 6.5. Waste Connections Inc. is in line with that typical reading.
On profitability, Waste Connections Inc. scores 5.1, an average reading. Its peers have a median of 4.9 across 262 Industrials companies, which places it in line with them, at the 53rd percentile. Profitability in the middle of the range is neither a moat nor a warning: margins and returns look like those of an ordinary business in this line of work.
On solvency, Waste Connections Inc. scores 4.7, an average reading. Its peers have a median of 7.1 across 241 Industrials companies, which places it well below them, at the 22nd percentile. Leverage in the middle of the range is rarely a problem in good years, and it is worth watching how quickly it would tighten in a weak one.
Waste Connections Inc.’s growth score is 6.5 out of 10 (average). Against a median of 5.4 among 216 Industrials companies, that is above the group and the 65th percentile. A middling growth reading is typical of a mature company whose next step depends on reinvestment rather than on its market growing for it.
Efficiency scores 5.8 out of 10, which reads as average. The median across 264 Industrials companies is 6.2, so Waste Connections Inc. is in line with its peers on this pillar and ranks at the 40th percentile. An average efficiency reading suggests the business turns its assets and earnings into cash at roughly the rate its sector does.
Predictability scores 6.5 out of 10, which reads as average. The median across 267 Industrials companies is 5.0, so Waste Connections Inc. is well above its peers on this pillar and ranks at the 78th percentile. An average predictability reading means results have wobbled about as much as is normal for the sector.
The profile is uneven. Growth leads at 6.5 while solvency trails at 4.7, a gap of 1.8 points, so the overall averages a clear strength against a clear soft spot. A growth lead says the business is expanding faster than it is doing anything else well, which is worth checking against predictability. A solvency shortfall makes the business more exposed to rising rates and to a weak year.
Of everything that could lift Waste Connections Inc.’s score, solvency matters most. Bringing it up to the 7.1 median of Industrials companies would take the overall from 5.7 to roughly 6.2. All five pillars could be scored, so the overall uses the full set of weights out of 100: profitability 25, solvency 20, growth 20, efficiency 15, predictability 20.
These are the Industrials companies closest to Waste Connections Inc. in market value. Each has its own page scored on the same five pillars, so the comparison is like for like.
How much profit the company generates from its capital and sales.
The company’s ability to service debt and meet its obligations.
How fast revenue, earnings and cash flow are compounding.
How well assets and earnings convert into cash and output.
How stable and consistent results have been over time.
Each metric is scored from 0 to 10 against sector-aware benchmarks, where higher is better. Metrics roll up into five pillars, and the pillars combine into the overall score using the weights shown. Sector-sensitive metrics are judged relative to peers in the same sector.
This score is a systematic, backward-looking read of reported fundamentals. It does not judge valuation, management quality, competitive moat, or future prospects, and can be distorted by one-off items or unusual accounting. Treat it as a starting point, not a recommendation.
Educational only. Not investment advice.
On this reading Waste Connections Inc. scores 5.7 out of 10, which reads as solid quality. Its strongest pillar is growth, its weakest is solvency. Quality is not the same as a good investment: the score says nothing about the price you would pay.
Waste Connections Inc. ranks at the 53rd percentile of the 270 Industrials companies Lemma publishes a score for. The median there is 5.6 and the top quarter starts at 6.5, against Waste Connections Inc.’s 5.7.
Five pillars, each scored from 0 to 10 against sector-aware benchmarks and then weighted into one overall reading: profitability, solvency, growth, efficiency and predictability. Everything comes from reported financials, and nothing comes from price, sentiment or forecasts.
This page last changed on October 18, 2026. The score moves with the financial statements, so the page changes when a new filing moves the reading rather than on a schedule. Live figures for WCN are in the app.
No. Quality and valuation are separate questions, and a good business at the wrong price is still a bad purchase. Score the business here, then price it with a DCF you control.
Inside Lemma Analysis the same five pillars run on every company we cover, with the metrics behind each one, current fundamentals, a DCF you control and a watchlist that tells you when the price catches up.
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