VLTO vs. WCN: Veralto vs. Waste Connections Stock Comparison

November 11, 2026

How do Veralto (VLTO) 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

Veralto (VLTO) and Waste Connections (WCN) are both classified in the Environmental & Facilities Services sub-industry within the broader Commercial Services & Supplies industry, placing them in the closest GICS peer bucket.

Waste Connections (WCN) has more than two decades of public-market history since May 22, 1998, whereas Veralto (VLTO) listed on October 4, 2023 and has a much shorter record to draw on.

Company profile comparison for Veralto (VLTO) and Waste Connections (WCN)
Profile Item	VLTO	WCN
Name	Veralto Corporation	Waste Connections, Inc.
Country/Region	United States	Canada
GICS Sector	Industrials	Industrials
GICS Industry Group	Commercial & Professional Services	Commercial & Professional Services
GICS Industry	Commercial Services & Supplies	Commercial Services & Supplies
GICS Sub-Industry	Environmental & Facilities Services	Environmental & Facilities Services
Market Capitalization	28.47 billion USD	47.31 billion USD
Currency	USD	USD
Exchange	NYSE	NYSE
Listing Date	October 4, 2023	May 22, 1998
Security Type	Common Stock	Common Stock

Price Performance

Cumulative Growth

VLTO

WCN

GSPC

Veralto (VLTO) 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

Loading price history…

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

Calendar-Year Returns

Loading price history…

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

Performance Metrics

Price performance metrics for Veralto (VLTO) and Waste Connections (WCN)
Metric	VLTO	WCN
Total Return (1Y)	20.35%	15.20%
Total Return (3Y, Annualized)	19.78%	14.07%
Total Return (5Y, Annualized)	--	7.98%

Risk Profile

Drawdown History

VLTO

WCN

GSPC

Veralto (VLTO) 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

Loading price history…

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

Risk Metrics

Risk profile metrics for Veralto (VLTO) and Waste Connections (WCN)
Metric	VLTO	WCN
Volatility (1Y, Annualized)	24.45%	25.62%
Beta (5Y)	0.45	0.41
Max Drawdown (5Y)	-27.09%	-24.90%
Avg. Volume (3M)	1.77M	1.56M

Risk-Adjusted Performance

Risk-Return Positioning

VLTO 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 Veralto (VLTO) and Waste Connections (WCN)
Metric	VLTO	WCN
Sharpe Ratio (1Y)	0.66	0.43
Sortino Ratio (1Y)	1.04	0.69

Profitability

ROE (TTM)

Veralto (VLTO) at 32.96% sits in the top ROE quartile, while Waste Connections (WCN) at 14.19% is closer to the peer norm — stronger capital efficiency for VLTO.

VLTO

Commercial & Professional Services industry group

32.96%

Max: 47.06%
VLTO: 32.96%
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%

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

Net Margin (TTM)

For every dollar of sales, both Veralto (VLTO) at 17.27% and Waste Connections (WCN) at 11.40% retain more as net profit than most peers, landing in the top net margin quartile of their industries.

VLTO

Commercial & Professional Services industry group

17.27%

Max: 23.28%
VLTO: 17.27%
Q3: 11.35%
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%

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

Operating Margin (TTM)

Both Veralto (VLTO) at 19.42% and Waste Connections (WCN) at 20.77% convert sales into operating profit at a top-quartile rate, pointing to tighter cost discipline before financing and tax.

VLTO

Commercial & Professional Services industry group

19.42%

Max: 38.50%
VLTO: 19.42%
Q3: 18.84%
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%

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

Profitability Metrics

Profitability metrics for Veralto (VLTO) and Waste Connections (WCN)
Metric	VLTO	WCN
ROE (TTM)	32.96%	14.19%
ROA (TTM)	9.96%	5.68%
Net Margin (TTM)	17.27%	11.40%
Operating Margin (TTM)	19.42%	20.77%
Gross Margin (TTM)	59.84%	42.62%

Growth

Revenue Growth

Both Veralto (VLTO) at 5.97% 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.

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

EPS Growth

Waste Connections (WCN) at 74.48% sits in the top EPS growth quartile, while Veralto (VLTO) at 12.57% is closer to the peer norm — faster per-share earnings growth for WCN.

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

Growth Metrics

Growth metrics for Veralto (VLTO) and Waste Connections (WCN)
Metric	VLTO	WCN
Revenue Growth (YoY)	5.97%	6.14%
Revenue Growth (3Y CAGR)	4.16%	9.49%
EPS Growth (YoY)	12.57%	74.48%
EPS Growth (3Y CAGR)	3.16%	8.78%

Financial Strength

Current Ratio (MRQ)

Veralto (VLTO) at 2.03 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.

VLTO

Commercial & Professional Services industry group

2.03

Max: 3.63
Q3: 2.14
VLTO: 2.03
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

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

Debt / Equity (MRQ)

Both Veralto (VLTO) at 0.97 and Waste Connections (WCN) at 1.24 fund their balance sheets with roughly industry-typical debt-to-equity mixes.

VLTO

Commercial & Professional Services industry group

0.97

Max: 2.37
Q3: 1.25
VLTO: 0.97
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

Veralto (VLTO) 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 Veralto (VLTO) and Waste Connections (WCN)
Metric	VLTO	WCN
Current Ratio (MRQ)	2.03	0.67
Debt / Equity (MRQ)	0.97	1.24
Net Debt / EBITDA	0.99	3.01

Dividends

Dividend Yield (TTM)

Both Veralto (VLTO) at 0.45% and Waste Connections (WCN) at 0.73% pay solid, industry-typical yields, sitting squarely within their peers’ usual range.

VLTO

Commercial & Professional Services industry group

0.45%

Max: 4.33%
Q3: 1.80%
Median: 0.60%
VLTO: 0.45%
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%

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

Dividend Payout Ratio (TTM)

Both Veralto (VLTO) at 12.84% 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.

VLTO

Commercial & Professional Services industry group

12.84%

Max: 99.58%
Q3: 41.99%
Median: 17.27%
VLTO: 12.84%
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%

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

Dividend Metrics

Dividend metrics for Veralto (VLTO) and Waste Connections (WCN)
Metric	VLTO	WCN
Dividend Yield (TTM)	0.45%	0.73%
Dividend Payout Ratio (TTM)	12.84%	31.39%

Valuation

P/E Ratio (TTM)

Veralto (VLTO) at 28.91 is near its industry’s usual P/E ratio, while Waste Connections (WCN) at 42.39 sits in the richer quartile — WCN needs stronger growth or earnings quality to justify the premium.

VLTO

Commercial & Professional Services industry group

28.91

Max: 49.47
Q3: 33.76
VLTO: 28.91
Median: 24.16
Q1: 16.01
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

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

P/S Ratio (TTM)

Both Veralto (VLTO) at 4.91 and Waste Connections (WCN) at 4.76 command a richer price per dollar of sales than most peers, sitting in the upper P/S ratio quartile of their industries.

VLTO

Commercial & Professional Services industry group

4.91

Max: 7.17
VLTO: 4.91
Q3: 3.35
Median: 1.33
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

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

P/B Ratio (MRQ)

Waste Connections (WCN) at 6.00 is valued about in line with its industry on P/B ratio, while Veralto (VLTO) at 8.82 carries an above-peer premium to book — VLTO is pricier on assets.

VLTO

Commercial & Professional Services industry group

8.82

Max: 11.25
VLTO: 8.82
Q3: 6.08
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

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

Valuation Metrics

Valuation metrics for Veralto (VLTO) and Waste Connections (WCN)
Metric	VLTO	WCN
P/E Ratio (TTM)	28.91	42.39
P/S Ratio (TTM)	4.91	4.76
P/B Ratio (MRQ)	8.82	6.00
Free Cash Flow Yield (TTM)	2.68%	2.28%