Industrials · Environmental Services

Waste Management, Inc.

NYSEWM ISINUS94106L1098 SEC CIK0000823768 Listed on NYSE · USD

$243.20 +2.91 (+1.21%) Pre-market $242.50 (+0.92%) ≈ ₹22,825 a share

Open chart

Price, last 12 months+19.00% in a year

Key numbers

Market value: $96.71B
P/E (TTM): 31.9
Forward P/E: 28.9
EPS (TTM): $7.62
Dividend yield: 1.55%
Beta: 0.39
Day range: $241.38 – $245.00
52-week range: $200.58 – $248.13
Volume: 203,514
10-day avg volume: $2.13M
Revenue (TTM): $26.07B
EBITDA (TTM): $7.92B
Gross margin: 40.8%
Net margin: 11.8%
Return on equity: 31.7%
Debt / equity: 236.9%
Price / sales: 3.71
Shares out: 397.63M

52W low52W high

Quarterly results

Results for each quarter

Last 12 quarters from 10-Q and 10-K filings with the US SEC. Q4 = full year minus the first three quarters. Hover a bar to see the number.

Revenue and net income

$5.22B$785.00M$493.00M

Dec 23

$5.16B$1.02B$708.00M

Mar 24

$5.40B$1.01B$680.00M

Jun 24

$5.61B$1.12B$760.00M

Sep 24

$5.89B$919.00M$598.00M

Dec 24

$6.02B$1.01B$637.00M

Mar 25

$6.43B$1.15B$726.00M

Jun 25

$6.44B$989.00M$603.00M

Sep 25

$6.31B$1.16B$742.00M

Dec 25

$6.23B$1.11B$723.00M

Mar 26

$6.68B$1.25B$785.00M

Jun 26

$6.85B$1.28B$820.00M

Sep 26

Revenue · QoQ (vs last quarter)

—-1.1%+4.7%+3.8%+5.1%+2.1%+6.8%+0.2%-2.0%-1.4%+7.3%+2.4%

Revenue · YoY (vs a year ago)

————+13%+17%+19%+15%+7.1%+3.5%+4.0%+6.3%

Net income · QoQ (vs last quarter)

—+44%-4.0%+12%-21%+6.5%+14%-17%+23%-2.6%+8.6%+4.5%

Net income · YoY (vs a year ago)

————+21%-10%+6.8%-21%+24%+14%+8.1%+36%

RevenueOperating incomeNet incomeLine = trend

US$	Dec 23	Mar 24	Jun 24	Sep 24	Dec 24	Mar 25	Jun 25	Sep 25	Dec 25	Mar 26	Jun 26	Sep 26
Revenue	$5.22B	$5.16B	$5.40B	$5.61B	$5.89B	$6.02B	$6.43B	$6.44B	$6.31B	$6.23B	$6.68B	$6.85B
Cost of revenue	$3.15B	$3.14B	$3.29B	$3.40B	$3.55B	$3.61B	$3.80B	$3.80B	$3.80B	$3.69B	$3.96B	$4.09B
Gross profit	$2.07B	$2.02B	$2.11B	$2.21B	$2.34B	$2.41B	$2.63B	$2.65B	$2.51B	$2.53B	$2.73B	$2.75B
Gross margin	39.7%	39.1%	39.1%	39.4%	39.7%	40.0%	40.9%	41.1%	39.8%	40.7%	40.8%	40.2%
Selling, general & admin	$513.00M	$491.00M	$501.00M	$525.00M	$747.00M	$687.00M	$696.00M	$665.00M	$674.00M	$707.00M	$683.00M	$655.00M
Operating income	$785.00M	$1.02B	$1.01B	$1.12B	$919.00M	$1.01B	$1.15B	$989.00M	$1.16B	$1.11B	$1.25B	$1.28B
Operating margin	15.0%	19.7%	18.7%	20.0%	15.6%	16.8%	17.9%	15.3%	18.3%	17.9%	18.7%	18.7%
Pre-tax income	$644.00M	$869.00M	$894.00M	$995.00M	$700.00M	$788.00M	$928.00M	$775.00M	$935.00M	$891.00M	$1.02B	$1.04B
Income tax	$175.00M	$162.00M	$214.00M	$235.00M	$102.00M	$151.00M	$201.00M	$172.00M	$193.00M	$168.00M	$238.00M	$224.00M
Net income	$493.00M	$708.00M	$680.00M	$760.00M	$598.00M	$637.00M	$726.00M	$603.00M	$742.00M	$723.00M	$785.00M	$820.00M
Net margin	9.4%	13.7%	12.6%	13.5%	10.1%	10.6%	11.3%	9.4%	11.8%	11.6%	11.7%	12.0%
EPS (diluted)	—	$1.75	$1.69	$1.88	—	$1.58	$1.80	$1.49	—	$1.79	$1.95	$2.05

Income statement

Results for each year

8 fiscal years from the company's 10-K filings with the US SEC.

Revenue, gross profit and net income

$14.91B$5.67B$1.93B

FY18

$15.46B$5.96B$1.67B

FY19

$15.22B$5.88B$1.50B

FY20

$17.93B$6.82B$1.82B

FY21

$19.70B$7.40B$2.24B

FY22

$20.43B$7.82B$2.30B

FY23

$22.06B$8.68B$2.75B

FY24

$25.20B$10.19B$2.71B

FY25

Revenue · YoY (vs a year ago)

—+3.6%-1.5%+18%+9.9%+3.7%+8.0%+14%

Net income · YoY (vs a year ago)

—-13%-10%+21%+23%+2.9%+19%-1.4%

RevenueGross profitNet incomeLine = trend

$4.45

FY18

$3.91

FY19

$3.52

FY20

$4.29

FY21

$5.39

FY22

$5.66

FY23

$6.81

FY24

$6.70

FY25

EPS (diluted) · YoY (vs a year ago)

—-12%-10.0%+22%+26%+5.0%+20%-1.6%

EPS (diluted)Line = trend

US$	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	$14.91B	$15.46B	$15.22B	$17.93B	$19.70B	$20.43B	$22.06B	$25.20B
Revenue growth	—	3.6%	-1.5%	17.8%	9.9%	3.7%	8.0%	14.2%
Cost of revenue	$9.25B	$9.50B	$9.34B	$11.11B	$12.29B	$12.61B	$13.38B	$15.01B
Gross profit	$5.67B	$5.96B	$5.88B	$6.82B	$7.40B	$7.82B	$8.68B	$10.19B
Gross margin	38.0%	38.6%	38.6%	38.0%	37.6%	38.3%	39.3%	40.4%
Selling, general & admin	$1.45B	$1.63B	$1.73B	$1.86B	$1.94B	$1.93B	$2.26B	$2.72B
Operating income	$2.79B	$2.71B	$2.43B	$2.97B	$3.37B	$3.58B	$4.06B	$4.31B
Operating margin	18.7%	17.5%	16.0%	16.5%	17.1%	17.5%	18.4%	17.1%
Depreciation & amortisation	$1.48B	$1.57B	$1.67B	$2.00B	$2.04B	$2.07B	$2.27B	$2.86B
Pre-tax income	$2.38B	$2.11B	$1.89B	$2.35B	$2.92B	$3.02B	$3.46B	$3.43B
Income tax	$453.00M	$434.00M	$397.00M	$532.00M	$678.00M	$745.00M	$713.00M	$717.00M
Tax rate	19.1%	20.6%	21.0%	22.6%	23.2%	24.7%	20.6%	20.9%
Net income	$1.93B	$1.67B	$1.50B	$1.82B	$2.24B	$2.30B	$2.75B	$2.71B
Net margin	12.9%	10.8%	9.8%	10.1%	11.4%	11.3%	12.4%	10.7%
EPS (diluted)	$4.45	$3.91	$3.52	$4.29	$5.39	$5.66	$6.81	$6.70

Balance sheet

Assets and debt

At each fiscal year end.

Equity, debt and cash

$6.28B$432.00M$61.00M

FY18

$7.07B$218.00M$3.56B

FY19

$7.45B$551.00M$553.00M

FY20

$7.12B$708.00M$118.00M

FY21

$6.85B$414.00M$351.00M

FY22

$6.90B$334.00M$458.00M

FY23

$8.25B$1.36B$414.00M

FY24

$9.99B$711.00M$201.00M

FY25

Shareholders' equity · YoY (vs a year ago)

—+13%+5.4%-4.4%-3.9%+0.8%+20%+21%

Shareholders' equityTotal debtCash + short-term investmentsLine = trend

US$	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Cash & equivalents	$61.00M	$3.56B	$553.00M	$118.00M	$351.00M	$458.00M	$414.00M	$201.00M
Current assets	$2.65B	$6.21B	$3.54B	$3.07B	$3.55B	$3.80B	$4.77B	$4.91B
Total assets	$22.65B	$27.74B	$29.35B	$29.10B	$31.37B	$32.82B	$44.57B	$45.84B
Current liabilities	$3.11B	$3.14B	$3.55B	$4.08B	$4.39B	$4.23B	$6.26B	$5.52B
Short-term debt	$432.00M	$218.00M	$551.00M	$708.00M	$414.00M	$334.00M	$1.36B	$711.00M
Total debt	$432.00M	$218.00M	$551.00M	$708.00M	$414.00M	$334.00M	$1.36B	$711.00M
Total liabilities	$16.37B	$20.67B	$21.89B	$21.97B	$24.50B	$25.93B	$36.31B	$35.84B
Shareholders' equity	$6.28B	$7.07B	$7.45B	$7.12B	$6.85B	$6.90B	$8.25B	$9.99B
Current ratio	0.85	1.97	1.00	0.75	0.81	0.90	0.76	0.89
Debt / equity	0.07	0.03	0.07	0.10	0.06	0.05	0.16	0.07
Return on equity	30.7%	23.6%	20.1%	25.5%	32.7%	33.4%	33.3%	27.1%

Cash flow

Cash coming in and going out

Free cash flow = cash from operations minus capital spending. Shareholder returns = dividends + buybacks.

Free cash flow and shareholder returns

$3.57B$1.90B$1.81B

FY18

$3.87B$2.06B$1.12B

FY19

$3.40B$1.82B$1.33B

FY20

$4.34B$2.30B$2.32B

FY21

$4.54B$1.73B$2.58B

FY22

$4.72B$1.82B$2.44B

FY23

$5.39B$2.16B$1.47B

FY24

$6.04B$2.82B$1.33B

FY25

Operating cash flow · YoY (vs a year ago)

—+8.5%-12%+27%+4.6%+4.0%+14%+12%

Free cash flow · YoY (vs a year ago)

—+8.4%-12%+26%-25%+5.6%+18%+30%

Operating cash flowFree cash flowDividends + buybacksLine = trend

US$	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Cash from operations	$3.57B	$3.87B	$3.40B	$4.34B	$4.54B	$4.72B	$5.39B	$6.04B
Capital spending	$-1.67B	$-1.82B	$-1.59B	$-2.04B	$-2.81B	$-2.90B	$-3.23B	$-3.23B
Free cash flow	$1.90B	$2.06B	$1.82B	$2.30B	$1.73B	$1.82B	$2.16B	$2.82B
FCF margin	12.7%	13.3%	11.9%	12.8%	8.8%	8.9%	9.8%	11.2%
Stock-based pay	$89.00M	$86.00M	$94.00M	$108.00M	$84.00M	$93.00M	$118.00M	$169.00M
Cash from investing	$-2.17B	$-2.38B	$-4.85B	$-1.89B	$-3.06B	$-3.09B	$-10.60B	$-3.57B
Cash from financing	$-1.51B	$1.96B	$-1.56B	$-2.90B	$-1.22B	$-1.52B	$5.16B	$-2.67B
Dividends paid	$-802.00M	$-876.00M	$-927.00M	$-970.00M	$-1.08B	$-1.14B	$-1.21B	$-1.33B
Share buybacks	$-1.00B	$-248.00M	$-402.00M	$-1.35B	$-1.50B	$-1.30B	$-262.00M	—

About

About Waste Management, Inc.

Waste Management, Inc., doing business as WM, is an American waste management company operating in North America. Founded in 1968, the company is headquartered in the Bank of America Tower in Houston, Texas.

From Wikipedia (CC BY-SA 4.0).

Company details

Company name: Waste Management, Inc.
Ticker: WM
Exchange: NYSE
ISIN: US94106L1098
SEC CIK: 0000823768
Sector: Industrials
Industry: Environmental Services
SEC industry (SIC): Refuse Systems (4953)
Incorporated in: Delaware
Financial year ends: 31 December
Filer type: Large accelerated filer
Latest annual report (10-K): 9 Feb 2026
CEO: James C. Fish, Jr.
Chair: Kathleen M. Mazzarella
Headquarters: Houston
Address: 800 Capitol Street, Ste 3000, Houston, Tx 77002
Founded: 1968
Employees: 60,500
Formerly known as: Usa Waste Services Inc
Trades in: US dollars (USD)
Website: wm.com

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Waste Management, Inc.

Key numbers

Quarterly results

Revenue and net income

Income statement

Revenue, gross profit and net income

Balance sheet

Equity, debt and cash

Cash flow

Free cash flow and shareholder returns

About

Company details

News

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