WCN Waste Connections, Inc.
XNYS
168.28
Delayed
Stock quote, options chain, IV rank, technicals, AI analysis, and institutional ownership. Iron condor setups Expected move IV rank history Fibonacci levels Insider trading
Market data may be delayed, incomplete, or inaccurate. Not a recommendation to buy, sell, or hold any security. Verify quotes with your broker before trading. See Terms §17.
WCN
$168.28
—
Key stats
$168.28
- 52-Week Range
- $146.89 – $179.74
- YTD
- -3.35%
- IV Rank (30D)
- 65.63
- Straddle Price
- $10.60
- P/C Vol Ratio
- 0.18
- Market Cap
- $42.6B
- Open
- $169.41
- Day Range
- $167.32 – $169.41
- Volume
- 1,910,810
- Prev Close
- $169.48
Fair Value
MODEL: NEUTRAL
A blended fair-value estimate combining up to six valuation methods. Each method is weighted by how well it fits the company — DCF down-weights for unprofitable names; DDM only fires for steady dividend payers; comparables down-weight when peer multiples disagree.
- DCF (quality-aware) — projects free cash flow with a horizon that scales to business quality. True compounders (quality 6/6) get 10 years explicit + 10 years fade before terminal; cyclical/struggling names (quality 0-1) get a 5-year terminal cliff. Quality is scored from ROE, gross margin, growth, FCF margin, debt load, and FCF consistency — the same factors that drive market premium for compounders.
- Market-Implied Growth (in Model Inputs) — reverse-DCF that answers "what growth rate is the market pricing in?". Lets you sanity-check the deviation: if implied growth is plausible for the business, the model's bearish flag may be wrong; if implausible, the market may be over-extrapolating.
- DDM (Gordon Growth Dividend Model) — values the stream of future dividends. Only used when trailing yield ≥ 2% and dividend payments are stable — below that the dividend is a token payout and Gordon (which values only the dividend stream) systematically underprices growth names, so those route to DCF + comparables + market anchor instead.
- P/E, EV/EBITDA, P/B, P/S — applies the peer-group median multiple to this company's per-share metric. Peers come from the same set as the "Related symbols" card. Earnings/sales metrics are forward-tilted by the company's recent revenue growth (capped at 25%) so they're comparable to peers' growth-embedded multiples — mimics how analysts use NTM rather than TTM. Per-multiple weights are biased by company quality (e.g. P/B down-weighted for asset-light tech).
- Market Anchor (SMA50) — the 50-day moving average, weighted by recent trading-range stability (tighter Bollinger bands → higher weight). Captures information fundamentals miss (forward consensus, sentiment, supply/demand) — but only when recent trading is steady enough that the market has converged on a view. During wild breakouts or breakdowns the anchor's weight collapses.
- Options Expected (B-L 30d) — the risk-neutral expected stock price at 30-day options expiration, derived from the full implied-volatility surface via Breeden-Litzenberger (second derivative of call price wrt strike → implied PDF, then E[S_T]). Forward-looking, captures all options-implied information (smile, skew, term structure) in one number. Weighted by chain liquidity. SP500-only at present (pre-computed daily). Backtest evidence: adds modest alpha across most bucket × holding combos.
- Blended value — weighted average. Confidence reflects how many methods fired and how tight peer dispersion is.
- Deviation pill — green when blended FV ≥ 10% above current price (undervalued); red when ≥ 10% below; grey otherwise.
| 10-yr Treasury (rf) | 5.09% |
| Beta vs SPY | 0.58 |
| Cost of Equity (CAPM) | 8.00% (VRP-adj) |
| WACC | 7.57% |
| Volatility Risk Premium | +5.7pp (IV − HV30) |
| Effective Tax Rate | 23.3% |
| Rev. Growth (YoY, DCF input) | +4.2% |
| DCF Horizon | 5 years explicit + fade |
| Forward Tilt (NTM/TTM) | ×1.04 (applied to P/E, EV/EBITDA, P/S) |
| Free Cash Flow (TTM) | $1.2B |
| Return on Equity (TTM) | 13.4% |
| Book / Price | 18.2% |
| Gross Margin (TTM) | 42.5% |
| FCF Margin (TTM) | 12.1% |
| Debt / Equity | 1.17 |
| Quality Score | 1/6 — cyclical/struggling (5y DCF) |
| Market-Implied Growth | +21.5% (reverse-DCF on current price) |
| SMA 50 | $160.87 (Market Anchor value) |
| SMA 20 / Bollinger Mid | $157.07 |
| Bollinger Width / SMA20 | 8.5% (drives anchor stability) |
| Net Debt | $9.2B |
| Market Cap | $43B |
Peers used for multiples: AMZN, CLH, GFL, GOOG, NEE, NVDA, RSG, WM
60-Day Conviction
8%
20-Day Fair Value
≈ by Nov 19, 2026
$169.78
α +0.9%
rank 6%
conviction
54%
40-Day Fair Value
≈ by Dec 18, 2026
$171.66
α +2.0%
rank 2%
conviction
63%
60-Day Fair Value
≈ by Jan 18, 2027
$168.65
α +0.2%
rank 2%
conviction
8%
| Method | Implied Price | Weight | Detail |
|---|---|---|---|
| DCF | $64.57 | 21% | |
| DDM (Gordon) | $38.35 | 0% | |
| Peer P/E | $117.53 | 6% | median 27.2× · 7 peers |
| Peer EV/EBITDA | $190.38 | 6% | median 17.5× · 8 peers |
| Peer P/B | $178.31 | 6% | median 5.8× · 8 peers |
| Peer P/S | $157.58 | 6% | median 4.0× · 8 peers |
| Market Anchor (SMA50) | $160.87 | 43% | stability 100% (BB-width) |
| Options Expected (B-L 30d) | $171.06 | 11% | 10 strikes · skew +1.00 |
As of 2026-10-21 · updated
Related
About
- Industry (SIC)
- REFUSE SYSTEMS (4953) · industry map
- Exchange
- XNYS
- Market Cap
- $42.6B
- Employees
- 24,214
- List Date
- 1987-11-05
- CIK
- 0001318220
- Headquarters
- Woodbridge, A6
- Homepage
- https://www.wasteconnections.com
Waste Connections is a North American waste management company focused on integrated waste collection services. The firm primarily focuses on residential, commercial, municipal, and industrial waste collection, with a secondary market focus on rural areas. With 113 landfills and 222 transfer stations as of 2024, it is the third-largest waste management company by revenue. Revenue is split among six operating segments: Western, Southern, Eastern, Central, Canada, and Midsouth.
Summary
—
composite
—
No summary data available for this symbol yet.
Each spoke is this symbol's rank within its sector (0–100; the dotted ring marks the sector median at 50). Higher is more constructive for a long. One spoke — News sentiment — is an absolute reading, not a sector rank. Grayed spokes have no data. A fuller shape is a summary, not a recommendation.
Chart
Seasonality
| Month | '21 | '22 | '23 | '24 | '25 | '26 | Avg |
|---|---|---|---|---|---|---|---|
| Jan | -2.65% | -6.98% | 0.90% | 4.46% | 8.17% | -3.74% | 0.03% |
| Feb | -0.72% | -1.07% | 0.68% | 5.08% | 1.30% | 2.40% | 1.28% |
| Mar | 8.71% | 11.04% | 4.22% | 4.00% | 1.68% | -6.19% | 3.91% |
| Apr | 8.90% | -1.26% | -0.22% | -4.87% | 0.57% | 1.17% | 0.71% |
| May | 0.95% | -5.20% | -1.80% | 1.39% | 0.46% | -7.57% | -1.96% |
| Jun | -1.04% | -2.71% | 3.88% | 7.47% | -4.89% | 11.49% | 2.37% |
| Jul | 5.95% | 6.42% | -0.14% | 2.21% | 0.43% | 2.05% | 2.82% |
| Aug | 2.30% | 5.32% | -4.12% | 4.30% | -0.94% | -1.48% | 0.90% |
| Sep | -3.11% | -3.08% | -3.58% | -3.42% | -3.86% | -6.08% | -3.85% |
| Oct | 7.87% | -4.43% | -2.28% | -0.58% | -4.25% | 11.70%* | 1.34% |
| Nov | -2.14% | 10.39% | 4.42% | 8.76% | 6.51% | -- | 5.59% |
| Dec | 2.98% | -7.91% | 6.90% | -10.09% | 0.69% | -- | -1.49% |
| Total | 30.49% | -1.79% | 8.52% | 18.45% | 5.15% | 1.68% | 10.42% |
Technical Indicators
Quick-reference for reading the values below. Indicators combine to confirm a view — no single one is a trade signal on its own.
Trend Indicators
- SMA 20 / 50 / 200 — price above = uptrend, below = downtrend. SMA 50 crossing SMA 200 is the golden/death cross.
- EMA 12 / 26 — faster-reacting averages; 12 above 26 is short-term bullish.
- MACD — bullish when MACD > signal (green badge), bearish when below. Divergence from price often precedes reversals.
- ADX (14) — trend strength regardless of direction. <20 range, 20–25 weak trend, 25–50 trend, >50 strong trend.
- +DI / −DI — +DI > −DI favors bulls; the reverse favors bears. Read alongside ADX.
Momentum Oscillators
- RSI (14) — <30 oversold, >70 overbought. 40–60 is neutral; trending names can stay extreme.
- Stochastic %K / %D — <20 oversold, >80 overbought. %K crossing %D is an early momentum signal.
- Williams %R — inverted scale: <−80 oversold, >−20 overbought.
Oscillators work best in range-bound markets; in strong trends they give premature reversal signals.
Volume & Volatility
- Bollinger Bands — price at upper band = overbought, lower = oversold. Narrow bands (squeeze) often precede expansion.
- OBV — cumulative volume; rising OBV confirms uptrend, falling OBV confirms downtrend. Divergence from price is a warning.
- Vol SMA 20 / Vol ROC — today's volume vs. 20-day average. Positive ROC with price move = conviction.
- ATR / True Range — average daily $ move; sizing and stop-loss reference.
- HV 20 / 30 / 60 — realized (historical) volatility. Compare to IV on the options cards: IV > HV = rich premium.
Confluence matters: trend + momentum + volume agreeing carries far more weight than any single indicator. For how these feed the spread scanner score, see the algorithm docs →
Trend Indicators
SMA 20: $157.71
SMA 50: $160.90
SMA 200: $162.89
Current: $168.28
EMA 12: $162.04
EMA 26: $160.02
MACD: 2.0230 | Signal: 2.0425
BEARISH
ADX (14): 31.66
TREND
+DI: 31.71
−DI: 13.35
Momentum Oscillators
RSI (14): 66.72
NEUTRAL
Stoch %K: 93.63
Stoch %D: 94.83
Williams %R: -6.55
Volume & Volatility
BB Upper: $169.26
BB Lower: $146.17
NEUTRAL
OBV: -16,241,274
Vol SMA 20: 1,827,627
Vol ROC: 11.69%
ATR: $3.28
True Range: $2.16
HV 20: 26.3%
HV 30: 23.2%
HV 60: 21.2%
Data Summary
Data Points: 500
Last Updated:
Date Range: 2024-10-23T00:00:00 – 2026-10-21T00:00:00
AI Analysis
LLM Stock Analysis Report
Executive Summary
Overall Assessment: NEUTRAL (Confidence Level: 6/10)
Key Drivers and Primary Risks:
- Strong technical signals from moving averages, RSI, and Bollinger Bands suggest a range-bound market with limited upside potential.
- Recent news headlines have been neutral, with no significant catalysts or events driving price movements.
- Low volatility indicates a less risky environment, but the stock's beta is relatively low compared to the broader market.
Investment Thesis:
The stock appears to be in a consolidation phase, with technical indicators suggesting a range-bound market. While there are no clear buy or sell signals, the stock's low volatility and stable fundamental performance make it an attractive option for investors seeking stability. However, the lack of significant catalysts or upside momentum limits the potential return.
Recent News Sentiment Impact:
The recent news headlines have been generally neutral, with no significant events driving price movements. The positive sentiment from a few articles is tempered by the overall neutral tone, which suggests that the stock's price movement is primarily driven by technical factors rather than news sentiment.
Technical Analysis
Trend Direction: Range-bound (Short-term and Medium-term), Neutral (Long-term)
Support/Resistance Levels:
- SMA 20: $157.13
- SMA 50: $160.12
- Upper Bollinger Band: $165.55
- Lower Bollinger Band: $148.71
Momentum Signals:
- RSI: 45.06 (neutral)
- MACD: -1.44 / Signal: 0.33 / Histogram: -1.77 (bearish)
News & Sentiment Analysis
Recent Headlines Summary: Neutral news sentiment, with no significant catalysts or events driving price movements.
Sentiment Assessment: Neutral
Catalyst Identification: No clear catalysts or events driving price movements.
Market Narrative: The stock's price movement is primarily driven by technical factors rather than news sentiment.
Risk & Volatility Assessment
Beta Interpretation: Low volatility, with a beta of 0.02 compared to the broader market (SPY).
Volatility Regime: Low volatility regime, with an HV20 of 20.9% and HV30 of 29.4%.
Options Market Signals:
- IV Rank: 38.7% (Medium)
- Current IV: 39.1%
- Expected Move: $7.85 (27 DTE)
Market Context & Positioning
Sector Performance: Neutral, with the stock's performance aligned with its sector and the broader market.
Institutional Activity: Low institutional interest, with a put/call volume ratio of 0.91 and an open interest of 1,386 calls vs 363 puts.
Correlation Analysis: The stock has a low correlation with the broader market (R-squared: 0.01), indicating that its price movement is relatively independent from market trends.
Key Levels & Action Items
Critical Price Levels:
- SMA 20: $157.13
- Upper Bollinger Band: $165.55
- Lower Bollinger Band: $148.71
Breakout/Breakdown Levels: No clear breakout or breakdown levels, as the stock is range-bound.
Time-Sensitive Catalysts: No clear catalysts or events driving price movements.
Risk Management: Stop-loss levels should be set around the lower Bollinger Band ($148.71), with position sizing considerations based on the stock's volatility and market conditions.
Please note that this analysis is based on the provided data and does not constitute a buy or sell recommendation. It is essential to consider additional information, such as fundamental analysis, industry trends, and market conditions, before making an investment decision.
Generated
News
All WCN news →
Earnings History
16 of 23 under expected move
Avg Expected Move
4.07%
Avg Actual Move
2.57%
| Earnings Date | Timing | Expected Move | Actual Move | Ratio | Outcome |
|---|---|---|---|---|---|
| 2021-02-17 | After-Close | 2.09% | 1.39% | 0.67x | Within |
| 2021-04-28 | After-Close | 3.71% | 1.12% | 0.30x | Within |
| 2021-08-04 | After-Close | 1.69% | 0.98% | 0.58x | Within |
| 2021-10-27 | After-Close | 4.27% | 1.33% | 0.31x | Within |
| 2022-02-16 | After-Close | 2.93% | 0.79% | 0.27x | Within |
| 2022-05-03 | After-Close | 5.08% | 2.12% | 0.42x | Within |
| 2022-08-02 | After-Close | 2.49% | 3.49% | 1.40x | Exceeded |
| 2022-11-02 | After-Close | 2.85% | 6.57% | 2.31x | Exceeded |
| 2023-02-15 | After-Close | 3.14% | 0.61% | 0.19x | Within |
| 2023-04-26 | After-Close | 0.91% | 2.34% | 2.57x | Exceeded |
| 2023-08-02 | After-Close | 3.64% | 0.63% | 0.17x | Within |
| 2023-10-25 | After-Close | 4.82% | 6.94% | 1.44x | Exceeded |
| 2024-02-13 | After-Close | 4.65% | 4.84% | 1.04x | Exceeded |
| 2024-04-24 | After-Close | 4.14% | 0.60% | 0.14x | Within |
| 2024-07-24 | After-Close | 4.42% | 2.35% | 0.53x | Within |
| 2024-10-23 | After-Close | 5.45% | 1.00% | 0.18x | Within |
| 2025-02-12 | After-Close | 3.13% | 0.59% | 0.19x | Within |
| 2025-04-23 | After-Close | 5.21% | 0.53% | 0.10x | Within |
| 2025-07-23 | After-Close | 5.21% | 2.07% | 0.40x | Within |
| 2025-10-21 | After-Close | 5.29% | 2.69% | 0.51x | Within |
| 2026-02-11 | After-Close | 4.27% | 8.22% | 1.93x | Exceeded |
| 2026-04-22 | After-Close | 7.00% | 7.91% | 1.13x | Exceeded |
| 2026-07-22 | After-Close | 7.21% | 0.05% | 0.01x | Within |
Earnings calendar: this week’s reports with expected vs actual moves →
WCN Options Activity & IV Rank
WCN IV rank history, 52-week IV rank and IV percentile →
Volatility Metrics
Current IV: 27.1%
7-DTE IV: —
Expected Move: $10.60
7-DTE Move: $10.60
Days to Exp: 30 (2026-11-20)
Options Flow
Call Volume: 7,497
Put Volume: 1,352
P/C Volume: 0.18
BULLISH
Call OI: 5,020
Put OI: 1,635
P/C OI: 0.326
Total OI: 6,655
ATM Options Pricing
ATM Call: $4.65
ATM Put: $5.95
Call %: 2.8%
Put %: 3.5%
Chain Summary
Chain Volume: 9,254
Chain OI: 7,984
Last Updated: 10/21/2026
Spread Scanner GPU
Each spread is ranked by a composite score built in three stages. Full documentation →
Stage 1 — Base Score (GPU scanner)
score = P(profit) × (credit / spread_width)
P(profit) from short leg delta (1 − |delta|), penalised above 85%. Credit uses mid-price to handle illiquid chains fairly.
Stage 2 — Skew Adjustment (±25% cap)
RR and BF (30-delta) from the persisted per-symbol skew snapshot — wing strikes picked by real greeks.delta, not a moneyness proxy. Put skew boosts bull puts, penalises bear calls. High butterfly boosts iron condors. Calendars are skew-neutral.
Stage 3 — Technical Overlay (±50% cap, 5 groups)
Group 1 · Directional Bias (±0.25)
- RSI <40 bullish / >60 bearish
- MACD crossover + histogram trend
- Price vs SMA 50 & SMA 200
Group 2 · Momentum (±0.10)
- Stochastic %K <20 / >80
- Williams %R <−80 / >−20
Group 3 · Volatility (up to −0.25 / +0.15)
- Blended ATR + straddle expected-move penalty
- Bollinger Band signal (+ counter-trend penalty)
- BB width — vol contraction boost for ICs
Group 4 · IV Regime (±0.15)
- IV rank ≥ 75 → strong boost for credit spreads
- IV rank < 25 → penalty (selling cheap vol)
Group 5 · Liquidity (penalty up to −0.10)
- Min open interest across all legs
- OI < 100 → −0.10 · OI < 500 → −0.05
score = base_score × skew_multiplier × tech_multiplier
Both multipliers are shown per spread. Beta is informational only — ATR already captures realized vol. Full algorithm documentation →
Enter a ticker to scan for optimal spread opportunities.
Evaluates all bull put, bear call, iron condor, and calendar spread combinations using GPU-accelerated analysis.
Dealer Positioning
TYPICAL γ
Estimated net dealer gamma is at the 74th percentile of this name's own daily history, within its typical range. This describes current positioning; it is not a forecast or a trading signal.
Gamma percentile
74%
vs own history
GEX tilt
+0.64
OI-weighted, today
Vanna tilt
+0.46
δ-sensitivity to IV
Charm tilt
-0.59
δ-decay vs time
Vanna tilt +0.46: the estimated dealer exposure leans positive, so the modeled hedge would shift noticeably if implied volatility changed.
Charm tilt -0.59: the estimated dealer exposure leans negative, so the modeled hedge would shift noticeably as time passes and options approach expiry.
? What is this?
· 24 ATM contracts, 7k total OI
Net dealer gamma is an estimate of the aggregate gamma held by options market makers across this name's option chain, weighted by open interest. Dealer positions aren't public, so it uses a standard simplifying assumption: dealers are treated as long the calls and short the puts that are open. Actual dealer books can differ.
Gamma percentile ranks today's estimate against this name's own daily history, from 0% (the lowest reading on record) to 100% (the highest). Raw gamma scales with how much open interest a chain carries, so it isn't comparable across names; the percentile is. The badge marks the bottom 20% as low and the top 20% as high.
Tilts run from −1 to +1 and show how lopsided the estimated dealer exposure is. GEX tilt compares call gamma with put gamma. Vanna tilt describes how the hedge would shift if implied volatility changed, and charm tilt how it would shift with the passage of time.
This card describes estimated positioning and where it sits historically. It is not a forecast of price direction or volatility and not a trading signal. Market-wide view: Dealer positioning screener.
Skew (Wing IV − ATM IV)
DTE:
Wing Δ:
Wing vs ATM
IV(put wing) − IV(ATM), in vol pointsHow much the OTM put trades above (or below) the at-the-money strike. Measures the height of the put-side tail relative to ATM — i.e. how expensive crash insurance is on this name.
- Positive (typical) — wing IV > ATM IV. Standard equity put skew: portfolios bid up crash protection, so OTM puts trade richer than ATM.
- Near zero or negative (unusual) — wing IV ≤ ATM IV. Flat or inverted put side. Common when there's no fear demand, in tightly mean-reverting names, or right after an earnings catalyst clears.
- Percentile vs own 3-yr history: high = wings rich (good time to sell wing premium); low = wings cheap (good time to buy protection).
- Not directional — high or low wings don't predict up or down moves. It's a price tag on tail insurance, not a forecast.
Risk Reversal
IV(call wing) − IV(put wing), equal delta on each sideWhich side of the smile is the market paying up for? Measures the tilt of the surface — call skew vs put skew at matched deltas.
- Negative (typical) — puts richer than calls. Standard equity behavior: hedging demand makes puts carry a premium. Most large-caps sit in the −1 to −5 vol-point range.
- Strongly negative (< −5 pts) — heavy downside hedging, elevated fear, or an upcoming catalyst (earnings, FDA, macro event). Worth flagging.
- Positive — calls richer than puts. Unusual for equities; signals bullish momentum, short-squeeze positioning, or takeover/M&A speculation.
- Near zero — symmetric surface. Market sees roughly equal up/down risk. Rare for large-caps; more common in commodities and FX.
Reading them together
Wing-vs-ATM tells you how expensive the tails are. Risk Reversal tells you which side is favored. Combined:
- High wing percentile + deeply negative RR → strong put bid; stress or major event priced in. Owning protection costs a premium; selling put premium is dangerous.
- Low wing percentile + near-zero RR → complacency; insurance cheap and balanced. Good environment to add cheap downside hedges.
- Positive RR + elevated wings → call-side fear-of-missing-out; common in squeeze setups. Upside calls expensive, downside puts not bid.
14 DTE / 10d
—
—
pts
EXTREME
as of Oct 21 · No data
30 DTE / 10d
0%
-1.6
pts
EXTREME
as of Oct 21 · ATM 27.0% / Wing 25.4%
Extreme reading.
Historically these have been contrarian — on the small set of observed earnings-day cases, large negative wing-vs-ATM gaps (calls pricing much richer than puts at the same delta) preceded sharp drops in the underlying within 1-12 days. Not financial advice and the dataset is small.
Percentile is the rank of today's reading within ~3 years of this symbol's own history. High percentile = wings are rich relative to history; not a directional signal. Skew is read off the chain in real time, not from CBOE SKEW.
Volatility Surface
Enter a ticker to render the implied volatility surface.
Volatility Smile
Enter a ticker to render the implied volatility smile.
IV Rank (7 DTE)
IV Rank (30 DTE)65.6MediumOct 21
Straddle Price (30 DTE)$10.60Oct 21
Beta Analysis
Risk Metrics
Beta: -0.1327
Alpha: 1.57%
Correlation: -0.0708
R-Squared: 0.5%
Stock Volatility: 23.8%
Market Volatility: 12.7%
Analysis Details
Benchmark: SPY
Data Points: 251
Period: 252 trading days
Data Points: 251
Period: 252 trading days
Interpretation:
Negative beta - stock moves opposite to market
Negative beta - stock moves opposite to market
Beta & Alpha Over Time
Notable investors who own WCN
7 of 37 tracked investors
| Investor | Value | Share of their portfolio | Rank | Q/Q shares | Source |
|---|---|---|---|---|---|
| Citadel Hedge fund Ken Griffin | $481.9M | #48 of 6285 | -7.2% | 13F | |
| Gates Foundation Trust Foundation Bill Gates | $339.9M | #11 of 24 | 0.0% | 13F | |
| Millennium Management Hedge fund Izzy Englander | $220.6M | #118 of 3716 | +57.7% | 13F | |
| Point72 Hedge fund Steve Cohen | $73.5M | #232 of 1945 | -22.7% | 13F | |
| Renaissance Technologies Hedge fund Jim Simons | $20.0M | #699 of 3138 | -16.2% | 13F | |
| Rockefeller Capital Management Family office Rockefeller family | $1.6M | #1494 of 4729 | -18.7% | 13F | |
| Bridgewater Associates Hedge fund Ray Dalio | $1.3M | #800 of 997 | 0.0% | 13F |
Hedge funds, activists, holding companies and family offices we track, from their latest 13F (quarter-end value) and Form 4 filings in the last 3 years. Family offices · all institutions
WCN Institutional Ownership (13F)
Latest filings — 2026-09-30
? 13F Guide
Diluted shares outstanding: 256,321,832 (as of 2026-06-30)
Institutional managers with $100M+ AUM file Form 13F-HR quarterly, due 45 days after quarter end. Holdings are reported gross at quarter-end market value — they are a snapshot, not a real-time position.
- Shares — long equity positions in this name, aggregated across share classes.
- Calls / Puts — notional value of long call / put exposure where this ticker is the underlying.
- % of Float — holder's reported shares divided by the latest diluted shares outstanding. Sums above 100% indicate large custodian / prime broker positions where the same shares are reported by multiple filers.
- Custodian badge — filers with more than 5,000 holdings are typically broker-dealers / custodians reporting customer-held shares, not active managers.
Each filer is counted once at its latest 13F-HR filing. New filings are ingested on a weekly cadence.
17 filers$97.80M notional
| # | Filer | Notional Value | % of Total | Period |
|---|---|---|---|---|
| 1 | TORONTO DOMINION BANK | $19.07M | 19.50% | 2026-06-30 |
| 2 | SIG North Trading, ULC | $16.95M | 17.33% | 2026-06-30 |
| 3 | Susquehanna International Group, LLP Custodian | $14.00M | 14.32% | 2026-06-30 |
| 4 | Wolverine Trading, LLC Custodian | $11.59M | 11.85% | 2025-09-30 |
| 5 | Jane Street Group, LLC Custodian | $8.75M | 8.95% | 2026-06-30 |
| 6 | JPMorgan Chase & Co Custodian | $6.28M | 6.43% | 2026-06-30 |
| 7 | Twin Tree Management, LP | $5.93M | 6.07% | 2026-06-30 |
| 8 | IMC-Chicago, LLC Custodian | $3.85M | 3.94% | 2026-06-30 |
| 9 | Bank of Montreal Custodian | $2.98M | 3.05% | 2026-06-30 |
| 10 | Citadel Advisors LLC Custodian | $2.40M | 2.45% | 2026-06-30 |
| 11 | Murchinson Ltd. | $2.40M | 2.45% | 2026-06-30 |
| 12 | National Bank of Canada Custodian | $1.55M | 1.58% | 2026-06-30 |
| 13 | Squarepoint Ops LLC | $683.43K | 0.70% | 2026-06-30 |
| 14 | Royal Bank of Canada Custodian | $550.00K | 0.56% | 2026-06-30 |
| 15 | Walleye Capital LLC | $383.39K | 0.39% | 2026-06-30 |
| 16 | Simplex Trading, LLC Custodian | $216.70K | 0.22% | 2026-06-30 |
| 17 | Walleye Trading LLC | $200.03K | 0.20% | 2026-06-30 |
16 filers$55.90M notional
| # | Filer | Notional Value | % of Total | Period |
|---|---|---|---|---|
| 1 | Oribel Capital Management, LP | $14.37M | 25.70% | 2026-06-30 |
| 2 | Citadel Advisors LLC Custodian | $11.50M | 20.57% | 2026-06-30 |
| 3 | Susquehanna International Group, LLP Custodian | $6.28M | 11.24% | 2026-06-30 |
| 4 | SIG North Trading, ULC | $4.52M | 8.08% | 2026-06-30 |
| 5 | Jane Street Group, LLC Custodian | $4.02M | 7.19% | 2026-06-30 |
| 6 | Walleye Trading LLC | $3.45M | 6.17% | 2026-06-30 |
| 7 | IMC-Chicago, LLC Custodian | $3.10M | 5.55% | 2026-06-30 |
| 8 | Murchinson Ltd. | $2.40M | 4.29% | 2026-06-30 |
| 9 | BRANT POINT INVESTMENT MANAGEMENT LLC | $1.67M | 2.98% | 2026-06-30 |
| 10 | BOOTHBAY FUND MANAGEMENT, LLC | $1.47M | 2.62% | 2026-06-30 |
| 11 | Wolverine Trading, LLC Custodian | $1.08M | 1.93% | 2025-09-30 |
| 12 | Simplex Trading, LLC Custodian | $1.00M | 1.79% | 2026-06-30 |
| 13 | Squarepoint Ops LLC | $716.77K | 1.28% | 2026-06-30 |
| 14 | Twin Tree Management, LP | $183.36K | 0.33% | 2026-06-30 |
| 15 | Walleye Capital LLC | $116.68K | 0.21% | 2026-06-30 |
| 16 | TORONTO DOMINION BANK | $33.30K | 0.06% | 2026-06-30 |
WCN Insider Trading (Form 4)
Latest: 2026-08-21Form 4 filings — insider beneficial-ownership changes by officers, directors, and 10%+ holders. Filed within 2 business days of transaction.
| Filed | Reporter | Role | Action | Shares | Avg Price | Net $ | Link |
|---|---|---|---|---|---|---|---|
| 2026-08-21 | III Robert Nielsen | SR VP Operations | Sell (S) | −700 | $170.00 | -$119.0K | EDGAR |
| 2026-08-20 | Philip Rivard | SR VP Business Development | Sell (S) | −2,500 | $166.57 | -$416.4K | EDGAR |
| 2026-08-17 | Susan Netherton | SR VP People, Training & Dev | Sell (S) | −1,750 | $166.00 | -$290.5K | EDGAR |
| 2026-07-31 | III Robert Nielsen | SR VP Operations | Sell (S) | −300 | $173.10 | -$51.9K | EDGAR |
| 2026-07-30 | Robert Michael Cloninger | SR VP, Deputy General Counsel | Sell (S) | −2,811 | $171.02 | -$480.7K | EDGAR |
| 2026-07-02 | Aaron Bradley | SR VP PERFORMANCE OPTIMIZATION | Other (J) | +42 | $158.36 | $6.7K | EDGAR |
| 2026-07-02 | Domenic Pio | SR VP Operations | Other (J) | +95 | $158.36 | $15.0K | EDGAR |
| 2026-07-02 | Jason Craft | Executive Vice President & COO | Other (J) | +54 | $158.36 | $8.6K | EDGAR |
| 2026-07-02 | Matthew Stephen Black | Sr VP Chief Tax Officer | Other (J) | +16 | $158.36 | $2.5K | EDGAR |
| 2026-06-09 | Jason Craft | Executive Vice President & COO | Sell (S) | −1,500 | $156.59 | -$234.9K | EDGAR |
| 2026-06-09 | Patrick James Shea | Exec VP, General Counsel & Sec | Mixed | −7,615 | $156.26 | -$1.17M | EDGAR |
| 2026-05-18 | III Robert Nielsen | SR VP Operations | Sell (S) | −500 | $155.56 | -$77.8K | EDGAR |
| 2026-05-14 | III Robert Nielsen | SR VP Operations | Sell (S) | −627 | $152.07 | -$95.4K | EDGAR |
| 2026-05-13 | Ronald J Mittelstaedt | President & CEO | Buy (P) | +50,000 | $152.24 | $7.61M | EDGAR |
| 2026-05-04 | Eric Hansen | Senior Vice President and CIO | Sell (S) | −6,000 | $164.82 | -$988.9K | EDGAR |
Codes: P = open-market purchase · S = open-market sale · A = grant/award · M = option exercise · F = tax withholding at vest · G = bona-fide gift · D = disposition to issuer · J = other (described in filing footnote — typically 401(k), trust, inheritance) · W = will/inheritance. Only P / S codes carry directional signal.
WCN Insider Holdings
23 insiders · @ $168.28
Officers, directors, and 10%+ owners who have filed a Form 4 in the past two years, ranked by current disclosed exposure (shares × today's price). Shares are direct + indirect (via trusts / LLCs / spouse). Excludes unvested RSU and option grants — those aren't beneficially owned until vest.
| # | Insider | Role | Shares | Disclosed Exposure | Lifetime OM Net | Filings | Last Filed |
|---|---|---|---|---|---|---|---|
| 1 | Ronald J Mittelstaedt | President & CEO | 301,017 | $50.66M | -$1.61M | 35 | 2026-05-13 |
| 2 | Darrell W Chambliss | EVP & COO | 92,000 | $15.48M | -$8.76M | 38 | 2025-06-10 |
| 3 | Mary Anne Whitney | Executive Vice President & CFO | 62,435 | $10.51M | -$2.90M | 27 | 2026-02-20 |
| 4 | James Little | Executive VP Engineering | 48,436 | $8.15M | -$7.61M | 46 | 2026-04-29 |
| 5 | Matthew Stephen Black | Sr VP Chief Tax Officer | 43,651 | $7.35M | -$2.92M | 45 | 2026-07-02 |
| 6 | Jason Craft | Executive Vice President & COO | 32,915 | $5.54M | -$407.6K | 19 | 2026-07-02 |
| 7 | Patrick James Shea | Exec VP, General Counsel & Sec | 19,847 | $3.34M | -$10.45M | 45 | 2026-06-09 |
| 8 | Edward E Guillet | Director | 15,321 | $2.58M | -$7.79M | 22 | 2026-02-18 |
| 9 | Robert Michael Cloninger | SR VP, Deputy General Counsel | 14,047 | $2.36M | -$2.28M | 16 | 2026-07-30 |
| 10 | Eric Hansen | Senior Vice President and CIO | 13,350 | $2.25M | -$3.15M | 28 | 2026-05-04 |
Lifetime OM Net = signed sum of open-market buys (P) and sells (S) over their career; excludes grants, tax withholdings, and dispositions to issuer. A large negative number is normal for long-tenured executives — they've sold compensation grants over many years.
WCN Board & Officers
As of SEC filings through Aug 21, 2026Directors 9
- Edward E Guillet · since Jun 1, 2016
- Michael W Harlan · since Jun 1, 2016
- Ronald J Mittelstaedt · since Jun 1, 2016
- Susan Lee · since Jun 1, 2016
- Elise Lipman Jordan · since Aug 1, 2019
- Andrea E. Bertone · since Nov 18, 2022
- Carl Sparks · since Mar 1, 2024
- Cherylyn Harley LeBon · since Aug 1, 2024
- Daniel L Florness · since Apr 1, 2026
Officers 15
- Ronald J Mittelstaedt · President & CEO · listed since May 2023
- Eric Hansen · Senior Vice President and CIO · since Feb 1, 2019
- Mary Anne Whitney · Executive Vice President & CFO · listed since Feb 2021
- Jason Craft · Executive Vice President & COO · listed since Aug 2025
- Derek Tan · SR VP Chief Accounting Officer · since May 19, 2025
- Matthew Stephen Black · Sr VP Chief Tax Officer · listed since Jul 2025
- Patrick James Shea · Exec VP, General Counsel & Sec · listed since Aug 2019
- Robert Michael Cloninger · SR VP, Deputy General Counsel · since Feb 1, 2022
- James Little · Executive VP Engineering · listed since Aug 2019
- Susan Netherton · SR VP People, Training & Dev · listed since Feb 2022
- Domenic Pio · SR VP Operations · since Jul 10, 2023
- III Robert Nielsen · SR VP Operations · since Jul 10, 2023
- Philip Rivard · SR VP Business Development · since Jul 10, 2023
- Aaron Bradley · Sr VP Performance Optimization · since Feb 1, 2025
- Derek M Dague · Sr VP Performance Optimization · since Jul 27, 2026
Changes in the last 10 years (36)
| Jul 27, 2026 | Derek M Dague became Sr VP Performance Optimization |
| Apr 1, 2026 | Daniel L Florness became a director |
| Aug 15, 2025 | Jason Craft listed as Executive Vice President & COO (previously Sr Vice President-Operations) in SEC filings |
| Jul 24, 2025 | The company announced the departure of Darrell W Chambliss as EVP & COO in an SEC filing |
| Jul 2, 2025 | Matthew Stephen Black listed as Sr VP Chief Tax Officer (previously Sr VP Chief Accounting Officer) in SEC filings |
| May 19, 2025 | Derek Tan became SR VP Chief Accounting Officer |
| Feb 1, 2025 | Aaron Bradley became Sr VP Performance Optimization |
| Aug 1, 2024 | Cherylyn Harley LeBon became a director |
| Jul 23, 2024 | The company announced the departure of Larry Sanford Hughes from the board in an SEC filing |
| Mar 1, 2024 | Carl Sparks became a director |
| Jul 10, 2023 | Philip Rivard became SR VP Business Development |
| Jul 10, 2023 | III Robert Nielsen became SR VP Operations |
| Jul 10, 2023 | Domenic Pio became SR VP Operations |
| May 12, 2023 | Ronald J Mittelstaedt listed as President & CEO (previously Executive Chairman) in SEC filings |
| Apr 24, 2023 | The company announced the departure of Worthing Jackman as President and CEO in an SEC filing |
| Apr 23, 2023 | The company announced the departure of Worthing Jackman from the board in an SEC filing |
| Feb 16, 2023 | Matthew Stephen Black listed as Sr VP Chief Accounting Officer (previously Sr. Vice President - Tax) in SEC filings |
| Feb 16, 2023 | David Eddie listed as Sr VP Performance Optimization (previously Sr. VP & Chief Accting Officer) in SEC filings |
| Nov 18, 2022 | Andrea E. Bertone became a director |
| Feb 16, 2022 | Susan Netherton listed as SR VP People, Training & Dev (previously VP People, Training & Devlpmnt) in SEC filings |
| Feb 1, 2022 | Robert Michael Cloninger became SR VP, Deputy General Counsel |
| Mar 1, 2021 | Susan Netherton became VP People, Training & Devlpmnt |
| Feb 17, 2021 | Mary Anne Whitney listed as Executive Vice President & CFO (previously Sr Vice President & CFO) in SEC filings |
| Jul 1, 2020 | Jason Craft became Sr Vice President-Operations |
| Feb 13, 2020 | Worthing Jackman listed as President and CEO (previously President) in SEC filings |
| Feb 13, 2020 | Worthing Jackman first listed as a director in an SEC filing |
| Feb 13, 2020 | Ronald J Mittelstaedt listed as Executive Chairman (previously Chief Executive Officer) in SEC filings |
| Aug 12, 2019 | Patrick James Shea listed as Exec VP, General Counsel & Sec (previously Sr. VP, General Counsel & Sec) in SEC filings |
| Aug 6, 2019 | James Little listed as Executive VP Engineering (previously Sr. Vice President Engineering) in SEC filings |
| Aug 1, 2019 | Elise Lipman Jordan became a director |
| Feb 13, 2019 | Mary Anne Whitney listed as Sr Vice President & CFO (previously Sr Vice President - Finance) in SEC filings |
| Feb 13, 2019 | David M Hall listed as Sr. Vice President - Sales (previously Sr. Vice President) in SEC filings |
| Feb 1, 2019 | Eric Hansen became Senior Vice President and CIO |
| Jan 8, 2019 | Worthing Jackman listed as President (previously EVP & CFO) in SEC filings |
| Feb 1, 2018 | Mary Anne Whitney became Sr Vice President - Finance |
| Jan 11, 2017 | Matthew Stephen Black became Sr. Vice President - Tax |
Not reported recently (5)
- William J Razzouk · Last reported as a director in an SEC filing dated Feb 21, 2024
- David Eddie · Last reported as Sr VP Performance Optimization in an SEC filing dated Feb 21, 2024
- David M Hall · Last reported as Sr. Vice President - Sales in an SEC filing dated Feb 23, 2022
- Robert Davis · Last reported as a director in an SEC filing dated Feb 22, 2019
- Steven F Bouck · Last reported as President in an SEC filing dated May 23, 2018
Compiled from SEC filings by the company and its directors and officers. Dates are as stated in those filings. Where no filing says when someone left, we show the last filing that listed them.
WCN Proposed Insider Sales (Form 144)
Latest: 2026-08-18
? Form 144 Guide
Last 30d:
0 filings
· Last 90d:
3 filings
· $1.2M notice value
· 3 unique filers
What is Form 144? A notice of intent to sell restricted or control stock under Rule 144. Affiliates (officers, directors, 10%+ owners) and holders of restricted shares must file Form 144 when planning to sell more than 5,000 shares or $50,000 in any 3-month rolling window.
How it relates to Form 4: Form 144 is filed before the trade (up to 90 days in advance); Form 4 is filed within 2 business days after the trade executes. Not every Form 144 results in a sale — the filer may cancel or delay. Look for the corresponding Form 4 on the Insider Activity card to confirm a sale actually happened.
10b5-1 plans: Trades made under a pre-scheduled Rule 10b5-1 plan are not discretionary — they execute automatically on dates set months earlier, regardless of news. High 10b5-1 percentages mean less per-filing signal value, though cumulative selling volume still matters.
"Notice value": Aggregate market value the filer wrote into the Form 144 — i.e. the size of the planned sale, not necessarily the executed dollars. An amended notice (Form 144/A) replaces the original it amends, and cancelled notices are dropped, so neither is double-counted above. A filed value that is clearly inconsistent with the share count at the stock's price (a filer typo) shows as a dash and is left out of the totals.
Source & freshness: Sourced from public Form 144 filings. Refreshed daily; new filings typically appear here the morning after they are filed.
Top 90-day filers:
Robert M Cloninger (1, $472K) · PHILIP RIVARD (1, $416K) · SUSAN NETHERTON (1, $290K)
| Filed | Filer | Role | Shares | Notice Value | Planned Sale | Broker | Plan | Link |
|---|---|---|---|---|---|---|---|---|
| 2026-08-18 | PHILIP RIVARD | Officer | 2,500 | $416.4K | 2026-08-18 | Morgan Stanley Smith Barney LLC … | — | EDGAR |
| 2026-08-13 | SUSAN NETHERTON | Officer | 1,750 | $290.5K | 2026-08-13 | Morgan Stanley Smith Barney LLC … | — | EDGAR |
| 2026-07-28 | Robert M Cloninger | Officer | 2,811 | $472.2K | 2026-07-28 | MERRILL LYNCH | — | EDGAR |
| 2026-06-05 | JASON J. CRAFT | Officer | 1,500 | $234.9K | 2026-06-05 | Morgan Stanley Smith Barney LLC … | — | EDGAR |
| 2026-06-05 | Patrick J Shea | Officer | 7,500 | $1.17M | 2026-06-05 | Merrill Lynch | — | EDGAR |
| 2026-04-27 | Eric Hansen | Officer | 6,000 | $984.0K | 2026-04-27 | UBS Financial Services Inc | — | EDGAR |
| 2026-04-27 | JAMES AND MICHELLE LITTLE REV LIV TR | Officer | 2,605 | $427.2K | 2026-04-27 | Morgan Stanley Smith Barney LLC … | — | EDGAR |
| 2026-03-04 | Derek Tan | Employee | 1,174 | $201.0K | 2026-03-04 | Merrill Lynch | — | EDGAR |
| 2025-10-28 | GUILLET EDWARD E | Director | 9,000 | $1.57M | 2025-10-28 | Fidelity Brokerage Services LLC | — | EDGAR |
| 2025-08-12 | Shea Patrick James | Officer | 5,000 | $952.4K | 2025-08-12 | Merrill Lynch | — | EDGAR |
Notice value is the aggregate market value the filer states they intend to sell — not a confirmed transaction. Compare to Insider Activity (Form 4) to see which planned sales actually executed. Market-wide feed: Planned sales (Form 144).
ETF Holders
100 ETFs hold WCN
25 shown · $4.75B total exposure · 0.31% AUM-weighted avg weight
| # | ETF | Provider | Weight | $ Exposure | ETF AUM | As Of |
|---|---|---|---|---|---|---|
| 1 | VTI Vanguard Morningstar Total Stock Market ETF | Vanguard | 0.05% | $1.2B | — | 2026-09-30 |
| 2 | VO Vanguard Morningstar Mid-Cap ETF | Vanguard | 0.38% | $831.8M | — | 2026-09-30 |
| 3 | VXUS Vanguard Total International Stock ETF | Vanguard | 0.09% | $573.2M | — | 2026-09-30 |
| 4 | VUG Vanguard Morningstar Growth ETF | Vanguard | 0.13% | $495.4M | — | 2026-09-30 |
| 5 | VEA Vanguard FTSE Developed Markets ETF | Vanguard | 0.12% | $378.4M | — | 2026-09-30 |
| 6 | VOT Vanguard Morningstar Mid-Cap Growth ETF | Vanguard | 0.92% | $304.9M | — | 2026-09-30 |
| 7 | USMV iShares MSCI USA Min Vol Factor ETF | iShares (BlackRock) | 1.21% | $286.6M | $24.0B | 2026-10-19 |
| 8 | VEU Vanguard FTSE All-World Ex-US ETF | Vanguard | 0.10% | $92.4M | — | 2026-09-30 |
| 9 | SCHF Schwab International Equity ETF | Nport | 0.13% | $84.6M | — | 2026-05-31 |
| 10 | VIGI Vanguard International Dividend Appreciation ETF | Vanguard | 0.70% | $63.7M | — | 2026-09-30 |
| 11 | NFRA FlexShares STOXX Global Broad Infrastructure Index Fund | Nport | 2.02% | $60.6M | — | 2026-07-31 |
| 12 | SPDW State Street® SPDR® Portfolio Developed World ex-US ETF | SPDR (State Street) | 0.13% | $52.2M | $41.0B | 2026-10-19 |
| 13 | VV Vanguard Morningstar Large-Cap ETF | Vanguard | 0.06% | $45.7M | — | 2026-09-30 |
| 14 | VIS Vanguard Industrials ETF | Vanguard | 0.53% | $45.7M | — | 2026-09-30 |
| 15 | VT Vanguard Total World Stock ETF | Vanguard | 0.03% | $34.1M | — | 2026-09-30 |
| 16 | TCAF T. Rowe Price Capital Appreciation Equity ETF | Nport | 0.37% | $27.3M | — | 2026-06-30 |
| 17 | DIHP Dimensional International High Profitability ETF | Dimensional | 0.41% | $26.7M | $6.5B | 2026-10-19 |
| 18 | DFAI Dimensional International Core Equity Market ETF | Dimensional | 0.11% | $20.6M | $18.1B | 2026-10-19 |
| 19 | FIDU Fidelity MSCI Industrials Index ETF | Fidelity | 0.64% | $14.4M | $2.2B | 2026-10-19 |
| 20 | DFIC Dimensional International Core Equity 2 ETF | Dimensional | 0.09% | $13.7M | $15.2B | 2026-10-19 |
| 21 | TDVG T. Rowe Price Dividend Growth ETF | Nport | 0.97% | $13.3M | — | 2026-06-30 |
| 22 | ACWI iShares MSCI ACWI ETF | iShares (BlackRock) | 0.04% | $13.0M | $32.8B | 2026-10-19 |
| 23 | FNDF Schwab Fundamental International Equity ETF | Nport | 0.05% | $12.1M | — | 2026-05-31 |
| 24 | TMFG Motley Fool Global Opportunities ETF | Nport | 3.36% | $12.0M | — | 2026-05-31 |
| 25 | ACWV iShares MSCI Global Min Vol Factor ETF | iShares (BlackRock) | 0.34% | $11.4M | $3.4B | 2026-10-19 |
Fundamentals
Quarterly filings sourced from SEC 10-Q / 10-K reports. TTM tiles aggregate the most recent four quarters; bars show the last ~12 quarters oldest → newest.
Metrics
- Revenue — top-line sales. Look for consistent YoY growth; seasonal businesses need same-quarter comparisons (Q4 '24 vs Q4 '23).
- Net Income — bottom-line profit after all expenses. Can be volatile from one-time items; red bars = net loss.
- Diluted EPS — net income per share assuming options/converts are exercised. Direct input to the P/E ratio.
- Operating Cash Flow — cash generated from core operations, before capex and financing. Harder to manipulate than net income; growing OCF is a quality signal.
How to read the bars
- Sequential growth — quarter-over-quarter trend. Accelerating bars are a momentum signal.
- YoY growth — compare to the same quarter a year earlier to remove seasonality.
- Quality — OCF should roughly track Net Income over time. Large divergence (net income ≫ OCF) flags accruals risk.
- Margins — scan the bar ratios: Net Income / Revenue tells you margin trend without needing a separate chart.
TTM (trailing-twelve-month) smooths seasonality and is used for the P/E calculation. Filings appear 30–90 days after the period closes.
Trailing P/E
40.55
TTM Diluted EPS
$4.15
TTM Revenue
$9.76B
TTM Net Income
$1.06B
TTM Op. Cash Flow
$2.51B
Quarterly figures (12 quarters)
| Quarter | Period End | Revenue | Net Income | Diluted EPS | Op. Cash Flow |
|---|---|---|---|---|---|
| Q2 '26 | 2026-06-30 | $2.56B | $296.40M | $1.17 | $733.29M |
| Q1 '26 | 2026-03-31 | $2.37B | $219.34M | $0.86 | $545.60M |
| Q4 '25 | 2025-12-31 | $2.37B | $258.50M | $1.01 | $556.88M |
| Q3 '25 | 2025-09-30 | $2.46B | $286.27M | $1.11 | $677.45M |
| Q2 '25 | 2025-06-30 | $2.41B | $290.28M | $1.12 | $638.20M |
| Q1 '25 | 2025-03-31 | $2.23B | $241.51M | $0.93 | $541.54M |
| Q4 '24 | 2024-12-31 | $2.26B | $-196.00M | $-0.76 | $568.93M |
| Q3 '24 | 2024-09-30 | $2.34B | $308.05M | $1.19 | $558.31M |
| Q2 '24 | 2024-06-30 | $2.25B | $275.48M | $1.07 | $611.38M |
| Q1 '24 | 2024-03-31 | $2.07B | $230.05M | $0.89 | $490.31M |
| Q4 '23 | 2023-12-31 | $2.04B | $126.75M | $0.49 | $555.94M |
| Q3 '23 | 2023-09-30 | $2.06B | $229.03M | $0.89 | $522.89M |
Q2 2026 • period ending 2026-06-30 • filed 2026-07-23
Valuation
Ratios derived from TTM financials and the current market price, sampled daily. History chart shows how expensive the stock is today relative to its own recent past.
Price Multiples
- P/E — price / TTM earnings. Rough market rule: 10–15 value, 15–25 market, >30 growth/premium. Negative when earnings are negative.
- P/B — price / book value. Useful for financials and asset-heavy names; meaningless for asset-light software.
- P/S — price / TTM revenue. Useful when earnings are negative or noisy (early-stage growth).
- EV/EBITDA — capital-structure-neutral. <10 cheap, 10–15 reasonable, >20 rich. Good for comparing across leverage profiles.
- EV/Sales — like P/S but accounts for debt + cash. Compare within sector.
Profitability & Yields
- ROE — return on equity. >15% strong, >25% exceptional. Caution: high leverage inflates ROE.
- ROA — return on assets. Leverage-neutral; >5% solid, >10% exceptional.
- Div Yield — annual dividend / price. Compare to 10Y Treasury; sustained yield >6% often signals distress.
- FCF Yield — free cash flow / market cap. >5% is attractive; negative means burning cash.
Balance Sheet
- Debt/Equity — leverage. <1 conservative, >2 aggressive. Sector-dependent (utilities naturally high, tech low).
- Current Ratio — short-term liquidity. >1.5 comfortable, <1 raises short-term solvency flags.
Reading the history chart
- Compare current level to the 3-year band: near the high end = relatively expensive; near the low = relatively cheap.
- Multiples expanding while earnings are flat = sentiment-driven rally.
- Multiples compressing while earnings grow = value coming from fundamentals.
P/E
40.55
P/B
5.45
P/S
4.42
EV/EBITDA
16.48
EV/Sales
5.36
ROE
13.4%
ROA
5.0%
Div Yield
0.82%
FCF Yield
5.83%
Debt/Equity
1.17
Current Ratio
—
Market Cap
$43.13B
as of 2026-10-21
Short Interest & Float
Regulatory short-interest reports publish on a bi-weekly settlement cadence; short-volume is reported daily by the trade-reporting facilities. Float is derived from insider-ownership filings.
Metric definitions
- Short Interest — total shares currently sold short as of the settlement date. Lags real time by ~8 business days.
- SI % of Float — short interest / free float. The key crowding metric.
- Days to Cover — short interest / avg daily volume. How many full trading days it would take shorts to buy back. High DTC + catalyst = squeeze fuel.
- Short Vol Ratio — today's short-sale volume / total volume. Intraday selling pressure proxy (not the same as short interest).
- Free Float — shares available for public trading (total shares minus insider / restricted).
- Float % — free float / shares outstanding. <50% = tightly held, more prone to squeezes.
How to read the signals
- SI % of Float < 5% — typical, no particular signal.
- 5–15% — elevated; watch for catalysts (earnings, guidance, macro).
- 15–30% — heavily shorted; tight-float names in this range have produced notable squeezes historically.
- >30% — extreme; borrow is likely expensive and squeeze risk is material.
- Days to Cover > 5 combined with high SI% amplifies squeeze potential.
History chart
- Trend matters more than level. Rapidly rising short interest often precedes negative catalysts or heavy hedging.
- A sudden drop in SI after a rally may indicate a squeeze in progress.
Short interest is reported mid-month and end-of-month; short volume is daily.
Short Interest
3.92M
SI % of Float
1.56%
Days to Cover
2.63
Short Vol Ratio
53.4%
Free Float
252.00M
Float %
100.0%
Short interest 2026-09-30 • Short volume 2026-10-21 • Float 2026-10-02