LDOS vs. WCN: Leidos vs. Waste Connections Stock Comparison

November 11, 2026

How do Leidos (LDOS) and Waste Connections (WCN) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.

Company Profile

Leidos (LDOS) and Waste Connections (WCN) both fall under the Commercial & Professional Services industry group, but LDOS is classified in Professional Services while WCN is classified in Commercial Services & Supplies.

Company profile comparison for Leidos (LDOS) and Waste Connections (WCN)
Profile Item	LDOS	WCN
Name	Leidos Holdings, Inc.	Waste Connections, Inc.
Country/Region	United States	Canada
GICS Sector	Industrials	Industrials
GICS Industry Group	Commercial & Professional Services	Commercial & Professional Services
GICS Industry	Professional Services	Commercial Services & Supplies
GICS Sub-Industry	Research & Consulting Services	Environmental & Facilities Services
Market Capitalization	16.19 billion USD	47.31 billion USD
Currency	USD	USD
Exchange	NYSE	NYSE
Listing Date	October 17, 2006	May 22, 1998
Security Type	Common Stock	Common Stock

Price Performance

Cumulative Growth

LDOS

WCN

GSPC

Leidos (LDOS) vs. Waste Connections (WCN), with S&P 500 (GSPC) for reference: Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

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Trailing total returns for Leidos (LDOS) and Waste Connections (WCN). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for Leidos (LDOS) and Waste Connections (WCN). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Price performance metrics for Leidos (LDOS) and Waste Connections (WCN)
Metric	LDOS	WCN
Total Return (1Y)	-30.14%	15.20%
Total Return (3Y, Annualized)	11.13%	14.07%
Total Return (5Y, Annualized)	8.97%	7.98%

Risk Profile

Drawdown History

LDOS

WCN

GSPC

Leidos (LDOS) vs. Waste Connections (WCN), with S&P 500 (GSPC) for reference: Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

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Distribution of monthly total returns for Leidos (LDOS) and Waste Connections (WCN). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for Leidos (LDOS) and Waste Connections (WCN)
Metric	LDOS	WCN
Volatility (1Y, Annualized)	35.87%	25.62%
Beta (5Y)	0.55	0.41
Max Drawdown (5Y)	-49.47%	-24.90%
Avg. Volume (3M)	1.21M	1.56M

Risk-Adjusted Performance

Risk-Return Positioning

LDOS and WCN are plotted by 1-year volatility (risk) and 1-year return. The dashed Capital Allocation Line runs from the risk-free rate through the shared industry median.

Risk-Adjusted Metrics

Risk-adjusted metrics for Leidos (LDOS) and Waste Connections (WCN)
Metric	LDOS	WCN
Sharpe Ratio (1Y)	-0.96	0.43
Sortino Ratio (1Y)	-1.29	0.69

Profitability

ROE (TTM)

Leidos (LDOS) at 28.27% sits in the top ROE quartile, while Waste Connections (WCN) at 14.19% is closer to the peer norm — stronger capital efficiency for LDOS.

LDOS

Commercial & Professional Services industry group

28.27%

Max: 47.06%
LDOS: 28.27%
Q3: 25.43%
Median: 14.11%
Q1: 3.92%
Min: -20.15%

WCN

Commercial & Professional Services industry group

14.19%

Max: 47.06%
Q3: 25.43%
WCN: 14.19%
Median: 14.11%
Q1: 3.92%
Min: -20.15%

Leidos (LDOS) vs. Waste Connections (WCN): A comparison of their ROE against the Commercial & Professional Services industry group benchmark.

Net Margin (TTM)

Waste Connections (WCN) at 11.40% retains a top-quartile share of revenue as profit, ahead of Leidos (LDOS) at 7.97%, which keeps about the industry-typical share.

LDOS

Commercial & Professional Services industry group

7.97%

Max: 23.28%
Q3: 11.35%
LDOS: 7.97%
Median: 5.65%
Q1: 0.87%
Min: -8.60%

WCN

Commercial & Professional Services industry group

11.40%

Max: 23.28%
WCN: 11.40%
Q3: 11.35%
Median: 5.65%
Q1: 0.87%
Min: -8.60%

Leidos (LDOS) vs. Waste Connections (WCN): A comparison of their net margin against the Commercial & Professional Services industry group benchmark.

Operating Margin (TTM)

Waste Connections (WCN) at 20.77% operates in the top operating margin quartile, ahead of Leidos (LDOS) at 12.05%, which runs around its industry’s norm.

LDOS

Commercial & Professional Services industry group

12.05%

Max: 38.50%
Q3: 18.84%
LDOS: 12.05%
Median: 10.40%
Q1: 5.59%
Min: -12.00%

WCN

Commercial & Professional Services industry group

20.77%

Max: 38.50%
WCN: 20.77%
Q3: 18.84%
Median: 10.40%
Q1: 5.59%
Min: -12.00%

Leidos (LDOS) vs. Waste Connections (WCN): A comparison of their operating margin against the Commercial & Professional Services industry group benchmark.

Profitability Metrics

Profitability metrics for Leidos (LDOS) and Waste Connections (WCN)
Metric	LDOS	WCN
ROE (TTM)	28.27%	14.19%
ROA (TTM)	9.08%	5.68%
Net Margin (TTM)	7.97%	11.40%
Operating Margin (TTM)	12.05%	20.77%
Gross Margin (TTM)	17.63%	42.62%

Growth

Revenue Growth

Both Leidos (LDOS) at 3.07% and Waste Connections (WCN) at 6.14% land near their industries' usual revenue growth ranges, so top-line momentum looks broadly in line with peers on both sides.

Leidos (LDOS) vs. Waste Connections (WCN): A comparison of their Revenue Growth across different time periods.

EPS Growth

Both Leidos (LDOS) at 20.82% and Waste Connections (WCN) at 74.48% sit in the top peer quartile for EPS growth, so each is compounding per-share earnings faster than typical industry peers.

Leidos (LDOS) vs. Waste Connections (WCN): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for Leidos (LDOS) and Waste Connections (WCN)
Metric	LDOS	WCN
Revenue Growth (YoY)	3.07%	6.14%
Revenue Growth (3Y CAGR)	6.06%	9.49%
EPS Growth (YoY)	20.82%	74.48%
EPS Growth (3Y CAGR)	30.96%	8.78%

Financial Strength

Current Ratio (MRQ)

Leidos (LDOS) at 1.60 keeps current ratio within its industry’s typical mid-range, while Waste Connections (WCN) at 0.67 runs in the tighter-liquidity quartile — a thinner cushion against current liabilities for WCN.

LDOS

Commercial & Professional Services industry group

1.60

Max: 3.63
Q3: 2.14
LDOS: 1.60
Median: 1.55
Q1: 1.09
Min: 0.45

WCN

Commercial & Professional Services industry group

0.67

Max: 3.63
Q3: 2.14
Median: 1.55
Q1: 1.09
WCN: 0.67
Min: 0.45

Leidos (LDOS) vs. Waste Connections (WCN): A comparison of their current ratio against the Commercial & Professional Services industry group benchmark.

Debt / Equity (MRQ)

Waste Connections (WCN) at 1.24 carries an industry-typical debt-to-equity mix, while Leidos (LDOS) at 1.26 uses more debt funding than most peers.

LDOS

Commercial & Professional Services industry group

1.26

Max: 2.37
LDOS: 1.26
Q3: 1.25
Median: 0.88
Q1: 0.35
Min: 0.00

WCN

Commercial & Professional Services industry group

1.24

Max: 2.37
Q3: 1.25
WCN: 1.24
Median: 0.88
Q1: 0.35
Min: 0.00

Leidos (LDOS) vs. Waste Connections (WCN): A comparison of their debt-to-equity ratio against the Commercial & Professional Services industry group benchmark.

Financial Strength Metrics

Financial strength metrics for Leidos (LDOS) and Waste Connections (WCN)
Metric	LDOS	WCN
Current Ratio (MRQ)	1.60	0.67
Debt / Equity (MRQ)	1.26	1.24
Net Debt / EBITDA	2.46	3.01

Dividends

Dividend Yield (TTM)

Both Leidos (LDOS) at 1.27% and Waste Connections (WCN) at 0.73% pay solid, industry-typical yields, sitting squarely within their peers’ usual range.

LDOS

Commercial & Professional Services industry group

1.27%

Max: 4.33%
Q3: 1.80%
LDOS: 1.27%
Median: 0.60%
Q1: 0.00%
Min: 0.00%

WCN

Commercial & Professional Services industry group

0.73%

Max: 4.33%
Q3: 1.80%
WCN: 0.73%
Median: 0.60%
Q1: 0.00%
Min: 0.00%

Leidos (LDOS) vs. Waste Connections (WCN): A comparison of their dividend yield against the Commercial & Professional Services industry group benchmark.

Dividend Payout Ratio (TTM)

Both Leidos (LDOS) at 15.37% and Waste Connections (WCN) at 31.39% keep payout ratio within their industries’ typical mid-ranges — dividend policies that share earnings without consuming too much of them.

LDOS

Commercial & Professional Services industry group

15.37%

Max: 99.58%
Q3: 41.99%
Median: 17.27%
LDOS: 15.37%
Q1: 0.00%
Min: -17.94%

WCN

Commercial & Professional Services industry group

31.39%

Max: 99.58%
Q3: 41.99%
WCN: 31.39%
Median: 17.27%
Q1: 0.00%
Min: -17.94%

Leidos (LDOS) vs. Waste Connections (WCN): A comparison of their payout ratio against the Commercial & Professional Services industry group benchmark.

Dividend Metrics

Dividend metrics for Leidos (LDOS) and Waste Connections (WCN)
Metric	LDOS	WCN
Dividend Yield (TTM)	1.27%	0.73%
Dividend Payout Ratio (TTM)	15.37%	31.39%

Valuation

P/E Ratio (TTM)

Leidos (LDOS) at 11.86 sits in the cheaper P/E ratio quartile, while Waste Connections (WCN) at 42.39 sits in the richer quartile — a clear split in what investors pay for each dollar of trailing earnings.

LDOS

Commercial & Professional Services industry group

11.86

Max: 49.47
Q3: 33.76
Median: 24.16
Q1: 16.01
LDOS: 11.86
Min: 1.89

WCN

Commercial & Professional Services industry group

42.39

Max: 49.47
WCN: 42.39
Q3: 33.76
Median: 24.16
Q1: 16.01
Min: 1.89

Leidos (LDOS) vs. Waste Connections (WCN): A comparison of their P/E ratio against the Commercial & Professional Services industry group benchmark.

P/S Ratio (TTM)

Leidos (LDOS) at 0.91 is priced about in line with its industry on P/S ratio, while Waste Connections (WCN) at 4.76 sits in the pricier quartile — WCN costs more per dollar of sales.

LDOS

Commercial & Professional Services industry group

0.91

Max: 7.17
Q3: 3.35
Median: 1.33
LDOS: 0.91
Q1: 0.69
Min: 0.11

WCN

Commercial & Professional Services industry group

4.76

Max: 7.17
WCN: 4.76
Q3: 3.35
Median: 1.33
Q1: 0.69
Min: 0.11

Leidos (LDOS) vs. Waste Connections (WCN): A comparison of their P/S ratio against the Commercial & Professional Services industry group benchmark.

P/B Ratio (MRQ)

On P/B ratio, both Leidos (LDOS) at 3.13 and Waste Connections (WCN) at 6.00 are valued close to their industries’ norm against book — neither stands out from peers.

LDOS

Commercial & Professional Services industry group

3.13

Max: 11.25
Q3: 6.08
LDOS: 3.13
Median: 2.92
Q1: 1.55
Min: -2.78

WCN

Commercial & Professional Services industry group

6.00

Max: 11.25
Q3: 6.08
WCN: 6.00
Median: 2.92
Q1: 1.55
Min: -2.78

Leidos (LDOS) vs. Waste Connections (WCN): A comparison of their P/B ratio against the Commercial & Professional Services industry group benchmark.

Valuation Metrics

Valuation metrics for Leidos (LDOS) and Waste Connections (WCN)
Metric	LDOS	WCN
P/E Ratio (TTM)	11.86	42.39
P/S Ratio (TTM)	0.91	4.76
P/B Ratio (MRQ)	3.13	6.00
Free Cash Flow Yield (TTM)	6.41%	2.28%