COMP <GO>
WCN vs GFL // EV/EBITDA & P/E VALUATION
Waste Connections Inc. (NYSE) VS. GFL Environmental Inc. Subordinate voting shares no par value (NYSE) • 15-METRIC TALLY: WCN 8
— GFL 4
▲ EV/EBITDA & P/E VALUATION LEADER: WCN
LAST: $184.08 (+1.16%) • MKT CAP: $46.05B
valuation
18.8x
LAST: $45.21 (+0.38%) • MKT CAP: $19.71B
valuation
21.0x
15-METRIC INSTITUTIONAL SIDE-BY-SIDE SCORECARD (WCN VS. GFL)
EMERALD CELL = QUANTITATIVE EDGE
| INSTITUTIONAL METRIC | WCN | GFL | SPREAD (A - B) | ADVANTAGE | DEDICATED URL |
|---|---|---|---|---|---|
| Gross Profit Margin | 42.40% | — | — | TIE | /gross-margins <GO> |
| Return on Invested Capital (ROIC) | 9.90% | 9.90% | 0.00 | TIE | /roic <GO> |
| EV/EBITDA & P/E Valuation ACTIVE | 18.8x | 21.0x | -2.20 | WCN | /valuation <GO> |
| Free Cash Flow Yield | 2.71% | 2.21% | +0.50 | WCN | /fcf-yield <GO> |
| Operating Margin | 18.10% | 13.90% | +4.20 | WCN | /operating-margins <GO> |
| Net Profit Margin | 11.40% | 10.90% | +0.50 | WCN | /net-margins <GO> |
| Revenue Growth (YoY) | 6.10% | 2.20% | +3.90 | WCN | /revenue-growth <GO> |
| Dividend Yield & FCF Payout Safety | 0.73% | 3.40% | -2.67 | GFL | /dividend-safety <GO> |
| Altman Z-Score & Debt/Equity | 3.13 | 3.74 | -0.61 | GFL | /balance-sheet <GO> |
| Piotroski F-Score Quality | 8/9 | 7/9 | +1.00 | WCN | /piotroski-score <GO> |
| Options Implied Move & Put/Call Skew | — | — | — | TIE | /options-implied-move <GO> |
| RSI-14 & 200D SMA Momentum | 68.8 | 58.8 | +10.00 | WCN | /rsi-technicals <GO> |
| 10Y Yield & FRED Macro Beta | 0.50 | 0.59 | -0.09 | GFL | /macro-sensitivity <GO> |
| Forward P/E Multiple | 39.3x | 30.5x | +8.80 | GFL | /forward-pe <GO> |
| Enterprise Scale & Market Cap | $46.05B | $19.71B | $26.34B | WCN | /market-cap <GO> |
5-YEAR HISTORICAL XBRL REVENUE & MARGIN TRAJECTORY SEC FORM 10-K FY
| FISCAL YEAR | WCN REV | GFL REV | WCN GROSS % | GFL GROSS % | WCN FCF | GFL FCF |
|---|---|---|---|---|---|---|
| FY 2025 | $9.47B | — | 42.4% | — | $1.23B | — |
| FY 2024 | $8.92B | — | 41.8% | — | $1.17B | — |
| FY 2023 | $8.02B | — | — | — | $1.77B | — |
FRED MACRO REGIME CORRELATION COMPARISON PEARSON r
WCN // BETA 0.50
GFL // BETA 0.59