Company / Working Capital
Waste Connections, Inc. Working Capital History
FY2016-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Working Capital
-$812.7M
FY2025
5-year range
-$812.7M / -$200.0M
FY2021-FY2025
Trend
-24.7%
vs FY2024
Sector context
#334 of 346
Industrials
What the data says
Among 346 Industrials companies, Waste Connections, Inc. is in the bottom 3% for working capital. Working Capital has declined for 5 consecutive years, from $380M in FY2020 to -$813M in FY2025.
Based on SEC 10-K filings.
-$813M in FY2025.
Declined from -$546M to -$813M over the past 2 years.
Industrials sector context is included.
Working Capital over time
Growth rates
- 3-Year CAGR
- -
- 5-Year CAGR
- -
- 10-Year CAGR
- -
Sector benchmark
Bottom 3% in IndustrialsTop 97% of 346This company -$812.7M Sector average $689.5M
▼
-217.9% below sector average
Key checks
Key Insights
- Waste Connections, Inc.'s working capital has declined for 5 consecutive years.
- In FY2025, working capital decreased 24.7% year-over-year.
- Ranks #334 out of 346 companies in the Industrials sector.
- Peak working capital was recorded in FY2020.
Company context
Key Data Points
- Altman Z-Score 1.15 (distress zone, below 1.8 threshold)
- High earnings quality (cash-backed earnings)
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | Working CapitalValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | -$812.7M | -24.7% |
| FY2024 | -$651.9M | -19.4% |
| FY2023 | -$546.1M | -38.3% |
| FY2022 | -$395.0M | -97.5% |
| FY2021 | -$200.0M | -152.7% |
| FY2020 | $379.6M | +207.7% |
| FY2019 | $123.4M | -46.9% |
| FY2018 | $232.2M | -38.0% |
| FY2017 | $374.3M | +166.6% |
| FY2016 | $140.4M | +985.9% |
As of FY2025 · SEC 10-K · Updated Jun 30, 2026