Waste Management Inc (WM)

Waste Management, Inc., through its subsidiaries, provides environmental solutions to residential, commercial, industrial, and municipal customers in the United States, Canada, Western Europe, and internationally. It offers collection services, including picking up and transporting waste and recyclable materials from where it was generated to a transfer station, recovery facility, or disposal site; owns and operates transfer stations; and owns, develops, and operates landfill gas-to-energy facilities that produce renewable electricity and renewable natural gas. It also operates materials processing and commodities recycling services, including cardboard, paper, glass, metals, plastics, construction and demolition materials, and other recycling commodities are recovered for resale or redirected for other purposes; markets and resells recycling commodities; recycling brokerage services, such as managing the marketing of recyclable materials for third parties; and other strategic business solutions. In addition, the company collects recyclable food and yard waste, as well as markets and sells mulch, compost, soil amendments, and renewable energy; offers remediation and construction, and industrial waste services; and manages and markets fly ash. Further, it provides Regulated Waste and Compliance Services (RWCS), which offers compliance programs, as well as collection, processing, and disposal of regulated and specialized waste, including medical, pharmaceutical, and hazardous waste; and Secure Information Destruction (SID) services that include the collection of personal and confidential information for secure destruction and recycling of sorted office paper. The company was formerly known as USA Waste Services, Inc. and changed its name to Waste Management, Inc. in 1998. Waste Management, Inc. was founded in 1968 and is based in Houston, Texas.

Symbol
WM
Exchange
NYSE
Sector
Industrials
Industry
Waste Management
Market cap
$81.78B
52 week range
194.11 - 248.13

Valuation

Share price
$204.45 (close of 2026-10-02)
P/E (TTM)
28.84x
Price to book
8.24x
Price to free cash flow
22.89x
Enterprise value
$104.58B
Book value per share
$24.82

Price performance

PeriodChange
1 day+1.26%
5 days-1.15%
1 month-6.66%
3 months-11.26%
6 months-13.16%
Year to date-6.95%
1 year-5.74%
3 years+35.21%
5 years+36.45%
10 years+220.66%
All time+4315.77%

Members of Congress who disclosed WM trades

Lisa McClain · Gilbert Ray Cisneros · Julie Johnson · Rick Larsen · Robert Bresnahan

Super investors holding WM

Bill Gates (Gates Foundation Trust) · Ken Griffin (Citadel) · Mairs & Power (Mairs & Power Inc)

Profitability and growth

Return on equity
27.10%
Return on invested capital
10.98%
Return on assets
5.91%
Return on capital employed
10.69%
Gross margin
40.44%
Net margin
10.74%
EBITDA margin
28.45%
Revenue growth
14.24%
Net income growth
-1.38%
Free cash flow growth
30.43%

Cash flow and balance sheet

Free cash flow yield (TTM)
4.37%
Current ratio
0.91x
Net debt to EBITDA
3.05x

Latest reported year

Period end
2025-12-31
Fiscal year
2025
Revenue
$25.20B
Cost of revenue
$15.01B
Gross profit
$10.19B
EBITDA
$7.17B
Net income
$2.71B
Earnings per share
$6.72
Shares outstanding
402.70M

Income statement by year

Period endRevenueGross profitNet incomeEPS
2025-12-31$25.20B$10.19B$2.71B$6.72
2024-12-31$22.06B$8.68B$2.75B$6.84
2023-12-31$20.43B$7.82B$2.30B$5.69
2022-12-31$19.70B$7.40B$2.24B$5.42
2021-12-31$17.93B$6.82B$1.82B$4.32
2020-12-31$15.22B$5.88B$1.50B$3.54
2019-12-31$15.46B$5.96B$1.67B$3.93
2018-12-31$14.91B$5.67B$1.93B$4.49
2017-12-31$14.48B$5.46B$1.95B$4.44
2016-12-31$13.61B$5.12B$1.18B$2.66

Margins and returns by year

Period endGross marginNet marginReturn on equityReturn on capital
2025-12-3140.44%10.74%27.10%10.98%
2024-12-3139.34%12.45%33.27%10.55%
2023-12-3138.28%11.28%33.41%12.49%
2022-12-3137.59%11.36%32.60%12.50%
2021-12-3138.03%10.13%25.48%28.37%
2020-12-3138.62%9.83%20.07%24.45%
2019-12-3138.56%10.81%23.62%50.14%
2018-12-3137.98%12.91%30.67%35.14%
2017-12-3137.72%13.46%32.26%35.42%
2016-12-3137.64%8.69%22.22%27.87%

Cash and debt by year

Period endCashDebt
2025-12-31$201.00M-
2024-12-31$414.00M-
2023-12-31$458.00M-
2022-12-31$351.00M-
2021-12-31$118.00M-
2020-12-31$553.00M-
2019-12-31$3.56B-
2018-12-31$61.00M-
2017-12-31$22.00M-
2016-12-31$32.00M$230.00M

Free cash flow by year

Period endFree cash flowStock-based compensation
2025-12-31$2.82B$169.00M
2024-12-31$2.16B$118.00M
2023-12-31$1.82B$93.00M
2022-12-31$1.73B$84.00M
2021-12-31$2.30B$108.00M
2020-12-31$1.82B$94.00M
2019-12-31$2.06B$86.00M
2018-12-31$1.90B$89.00M
2017-12-31$1.61B$101.00M
2016-12-31$1.66B$90.00M

Dividend history

Most recent payment
2026-09-11
Paid in the last twelve months
$3.66
Payment dateDividend per share
2026-09-11$0.94
2026-06-05$0.94
2026-03-13$0.94
2025-12-05$0.82
2025-09-12$0.82
2025-06-06$0.82
2025-03-14$0.82
2024-12-06$0.75

Investor relations

Next earnings report

Next confirmed report
2026-10-27
Consensus EPS estimate
$2.18

Past earnings dates

ReportedFiscal periodEPS estimate
2026-07-28Jun/2026$1.99
2026-04-28Mar/2026$1.75
2026-01-28Dec/2025$1.95
2025-10-27Sep/2025$2.01
2025-07-28Jun/2025$1.89
2025-04-28Mar/2025$1.65
2025-01-29Dec/2024$1.79
2024-10-28Sep/2024$1.86

Filings and sources

Company website
wm.com
SEC filings
10-K, 10-Q and 8-K on EDGAR
Earnings calendar
All upcoming reports

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