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How Waste Connections, Inc. makes its money

Start with a dollar of revenue and follow what the filing says remains.

revenueBranching filed flows with values and percentages directly labeled. Missing filing concepts are omitted rather than estimated.Revenue$9.5B · 100%Cost of revenue$5.5B · 58%Gross profit$4.0B · 42%Operating income$1.7B · 18%Income before tax$1.4B · 15%Income tax$341M · 4%Net income$1.1B · 11%As of 2025-12-31 · 1 SEC filing sourceBuy Like Buffett · buylikebuffett.com

Honest partial: the filing did not provide a normalized tag for Research and development, Selling, general and administrative; those components are omitted, not plugged.

Table alternative
Filed lineValue% of revenueSource
$9.5B100%
Cost of revenue$5.5B58%
$4.0B42%
$1.7B18%
Income before tax$1.4B15%
Income tax$341M4%
$1.1B11%
Source: · event Dec 31, 2025 · retrieved Oct 18, 2026 · annual-row source set
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