Waste Connections, Inc.
—- Market cap
- —
- Debt
- +$8.89B
- Cash
- −$45.97M
Complete market value, debt and cash evidence is required for enterprise value.
Compare price, profitability, solvency, and SEC-reported financials side by side—before deciding which assumptions deserve a closer look.
FY 2025 · Mkt capMarket cap $3.35B
Decision snapshot: WCN stock price vs NSA: inconclusive Relative valuation is incomplete for this pair. Review the available filing metrics before drawing a conclusion.
Quick read
Each company valued on the other's multiple, then compared with the market price.
Implied fair value · at NSA's multiple
Needs EPS (TTM), NSA P/E.
Implied fair value · at WCN's multiple
Needs WCN P/E.
Metric by metric
Snapshot Jul 20, 8:00 PM ET
Where each company leads, and how wide the gap is.
Growth edge
Pricing power
Operating leverage
Lower is better
Not comparable
Lower leverage
Statements
Core statements aligned to each company's latest fiscal year.
SEC periods: WCN FY 2025 (ended Dec 31, 2025) · NSA FY 2025 (ended Dec 31, 2025).
Trendline
Ten fiscal years of revenue, earnings, and margins before underwriting a re-rating.
Price framework
Market cap plus debt, less cash.
Complete market value, debt and cash evidence is required for enterprise value.
Capital structure 49% equity / 51% debt · EV / Revenue 9.13x · EV / EBITDA 28.68x
Price framework
The same filing-backed model used on each company's valuation page, with company-specific inputs and calculated scenarios.
Waste Connections, Inc. · implied price per share
The ordinary-share to listed-security ratio could not be verified.
National Storage Affiliates Trust · implied price per share
Five annual free-cash-flow observations are required for the filing-backed baseline.
Balance sheet health
Financial health checks to separate durable balance sheets from potential value traps.
Financial strength on a 0–9 scale.
Bankruptcy-risk signal from balance sheet and earnings power.
Not enough data to score either balance sheet.
Debt / equity
Total debt against shareholders' equity
1.08x
3.74x
Net debt / EBITDA
Leverage against operating earnings
2.98x
14.69x
Cash and equivalents
Liquid reserves on the balance sheet
$45.97M
$23.33M
Total debt
Interest-bearing obligations outstanding
Comparable set
Where the pair sits against the wider comparable set.
Keep comparing
Open adjacent comparisons from the same industry to pressure-test the read across multiple pairs.
$8.89B
$3.54B
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