Waste Connections, Inc.

Refuse Systems·WOODBRIDGE, A6·FY end 12/31·CIK 1318220

CEO Pay Ratio

130:1

Ronald J. Mittelstaedt

CEO Total Comp

—

Ronald J. Mittelstaedt

Median Employee

—

Revenue

$9.5B

FY 2025

Net Income

$1.1B

FY 2025

Free Cash Flow

$1.2B

FY 2025

Net Margin

11.4%

Insider Net (180d)

-$1.6M

0 buys / 3 sales

CEO Pay Accountability

CEO comp as % of net income

—

Not enough data to compute.

CEO comp as % of buybacks

—

No buyback data for the most recent fiscal year.

5-year history · USD

Metric	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	Trend
Revenue	$9.5B	$8.9B	$8.0B	$7.2B	$6.2B
Gross Profit	—	—	—	—	—	—
Operating Income	$1.7B	$1.1B	$1.2B	$1.2B	$1.0B
Net Income	$1.1B	$617.6M	$762.8M	$835.7M	$618.0M
Operating CF	$2.4B	$2.2B	$2.1B	$2.0B	$1.7B
Capex	$1.2B	$1.1B	$934.0M	$912.7M	$744.3M
Free Cash Flow	$1.2B	$1.2B	$1.2B	$1.1B	$953.9M
Buybacks	$505.5M	$0	$0	$425.0M	$339.0M
Dividends	$333.8M	$302.3M	$270.6M	$243.0M	$220.2M

Gross Margin	—	—	—	—	—	—
Operating Margin	18.1%	12.0%	15.4%	17.2%	16.9%
Net Margin	11.4%	6.9%	9.5%	11.6%	10.0%
FCF Margin	13.0%	13.2%	14.9%	15.4%	15.5%
R&D / Revenue	—	—	—	—	—	—
Effective Tax	24.1%	19.2%	22.4%	20.3%	19.8%
Debt / Equity	—	—	—	0.97	0.72
Buybacks / FCF	40.9%	0.0%	0.0%	38.3%	35.5%

FY 2025

Executive	Salary	Stock	Options	Bonus / Inc.	Other	Total
Domenico D. “Dan” PioSenior Vice President – Operations	$2.0K	—	—	$554.2K	$960.1K	$732.2K
James M. LittleExecutive Vice President – Engineering and Disposal	$515.6K	—	—	$1.2M	$851.6K	—
Mary Anne WhitneyExecutive Vice President and Chief Financial Officer	$635.3K	—	—	$1.4M	$1.1M	—
Patrick J. SheaExecutive Vice President, General Counsel and Secretary	$561.4K	—	—	$1.3M	$927.2K	—
Ronald J. MittelstaedtPresident and Chief Executive Officer	$1.2M	—	—	$5.3M	$3.1M	—
Worthing F. JackmanFormer President and CEO	—	—	—	—	—	—