Waste Management, Inc.(WM)Earnings, Financials & Key Ratios

WM•NYSE

$220.52

$88.94B mkt cap·32.9× P/E·Price updated May 6, 2026

SectorIndustrials IndustryWaste Management Sub-IndustrySolid Waste Collection and Disposal

AboutWaste Management, Inc., through its subsidiaries, provides waste management environmental services to residential, commercial, industrial, and municipal customers in North America. It offers collection services, including picking up and transporting waste and recyclable materials from where it was generated to a transfer station, material recovery facility (MRF), or disposal site; and owns, develops, and operates landfill gas-to-energy facilities in the United States, as well as owns and operates transfer stations. As of December 31, 2021, the company owned or operated 255 solid waste landfills; 5 secure hazardous waste landfills; 96 MRFs; and 340 transfer stations. It also provides materials processing and commodities recycling services; recycling brokerage services, such as managing the marketing of recyclable materials for third parties; and other strategic business solutions. In addition, the company offers construction and remediation services; services related with the disposal of fly ash, and residue generated from the combustion of coal and other fuel stocks; in-plant services comprising full-service waste management solutions and consulting services; and specialized disposal services for oil and gas exploration and production operations. The company was formerly known as USA Waste Services, Inc. and changed its name to Waste Management, Inc. in 1998. Waste Management, Inc. was incorporated in 1987 and is headquartered in Houston, Texas.Show more

Revenue$25.2B+14.2%
EBITDA$7.47B+14.1%
Net Income$2.71B-1.4%
EPS (Diluted)6.70-1.6%
Gross Margin29.08%
EBITDA Margin29.64%-0.2%
Operating Margin18.28%-2.8%
Net Margin10.74%-13.7%
ROE29.68%-18.1%
ROIC10.72%-6.2%
Debt/Equity2.29-20.8%
Interest Coverage4.76-29.9%

Analysis→Technical→

WM Key Insights

Waste Management, Inc. (WM) fundamental analysis — strengths, weaknesses & financial health based on data analysis

✓Strengths

✓Excellent 3Y average ROE of 33.1%
✓Strong Piotroski F-Score: 7/9
✓24 consecutive years of dividend growth
✓High quality earnings: Operating CF exceeds net income
✓Strong 5Y sales CAGR of 10.6%
✓Healthy 5Y average net margin of 11.2%

✗Weaknesses

✗High debt to equity ratio of 2.3x

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

WM Price & Volume

Waste Management, Inc. (WM) stock price & volume — 10-year historical chart

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WM Growth Metrics

Waste Management, Inc. (WM) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years6.88%

5 Years10.62%

3 Years8.56%

TTM10.87%

Profit CAGR

10 Years13.65%

5 Years12.6%

3 Years6.56%

TTM4.45%

EPS CAGR

10 Years15.04%

5 Years13.74%

3 Years7.52%

TTM4.22%

Return on Capital

10 Years12.73%

5 Years12.59%

3 Years12.63%

Last Year11.72%

WM Recent Earnings

Waste Management, Inc. (WM) EPS & revenue vs analyst estimates — last 4 quarters

Full history →

●Beat EPS 7/12 qtrs (58%)●Beat Revenue 4/12 qtrs (33%)

Q2 2026Latest

Apr 28, 2026

EPS

$1.81

Est $1.75

+3.4%

Revenue

$6.2B

Est $6.3B

-0.8%

Q1 2026

Jan 28, 2026

EPS

$1.93

Est $1.95

-1.0%

Revenue

$6.3B

Est $6.4B

-1.2%

Q4 2025

Oct 27, 2025

EPS

$1.98

Est $2.01

-1.5%

Revenue

$6.4B

Est $6.5B

-0.8%

Q3 2025

Jul 28, 2025

EPS

$1.92

Est $1.89

+1.6%

Revenue

$6.4B

Est $6.4B

+1.1%

Quarter	Date	EPS (Act vs Est)	Revenue (Act vs Est)
Q2 2026Latest	Apr 28, 2026	$1.81vs $1.75+3.4%	$6.2Bvs $6.3B-0.8%
Q1 2026	Jan 28, 2026	$1.93vs $1.95-1.0%	$6.3Bvs $6.4B-1.2%
Q4 2025	Oct 27, 2025	$1.98vs $2.01-1.5%	$6.4Bvs $6.5B-0.8%
Q3 2025	Jul 28, 2025	$1.92vs $1.89+1.6%	$6.4Bvs $6.4B+1.1%

Based on last 12 quarters of dataView full earnings history →

Company	Market Cap	Stock Price	P/E Ratio (TTM)	Revenue Growth 1Y	Net Margin	Return on Equity (ROE)	Debt / Equity
RSGRepublic Services, Inc.Direct Competitor	61.82B	199.69	29.15	3.49%	12.9%	17.88%	0.05
CWSTCasella Waste Systems, Inc.Direct Competitor	5.3B	84.58	704.83	17.95%	0.38%	0.46%	0.79
WCNWaste Connections, Inc.Direct Competitor	39.11B	153.48	36.72	6.55%	10.97%	12.93%	1.14
CLHClean Harbors, Inc.Product Competitor	15.35B	288.01	39.56	2.39%	6.53%	14.37%	1.26
CECOCECO Environmental Corp.Product Competitor	3.09B	86.25	62.96	38.79%	2.11%	5.45%	0.08
NVRIEnviri CorporationProduct Competitor	1.59B	19.24	-9.25	-4.3%	-7.62%	-43.66%	6.11
LKQLKQ CorporationSupply Chain	7.34B	28.77	12.24	-3.06%	3.71%	7.9%	0.77
IIPRInnovative Industrial Properties, Inc.Supply Chain	1.65B	57.69	14.68	-13.8%	45.58%	6.41%	0.21

Compare WM vs Peers

Waste Management, Inc. (WM) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs RSG

Most directly comparable listed peer for WM.

Scale Benchmark

vs CAT

Larger-name benchmark to compare WM against a more recognizable public peer.

Peer Set

Compare Top 5

vs RSG, CWST, WCN, CLH

WM Income Statement

Waste Management, Inc. (WM) annual income statement — 10-year revenue, gross profit & net income history

10Y historyFree accessUpdated daily

Line item	Dec'17	Dec'18	Dec'19	Dec'20	Dec'21	Dec'22	Dec'23	Dec'24	Dec'25	TTM
Sales/Revenue	14.48B	14.91B	15.46B	15.22B	17.93B	19.7B	20.43B	22.06B	25.2B	25.41B
Revenue Growth %	6.44%	2.96%	3.63%	-1.53%	17.83%	9.85%	3.7%	8.01%	14.24%	10.87%
Cost of Goods Sold	10.4B	10.73B	11.07B	11.01B	13.11B	14.33B	14.68B	15.65B	17.88B	17.27B
COGS % of Revenue	71.78%	71.92%	71.63%	72.36%	73.11%	72.76%	71.85%	70.93%	70.92%	-
Gross Profit	4.09B▲ 0%	4.19B▲ 2.4%	4.38B▲ 4.7%	4.21B▼ 4.1%	4.82B▲ 14.6%	5.37B▲ 11.3%	5.75B▲ 7.1%	6.41B▲ 11.5%	7.33B▲ 14.3%	8.15B▲ 0%
Gross Margin %	28.22%	28.08%	28.37%	27.64%	26.89%	27.24%	28.15%	29.07%	29.08%	32.06%
Gross Profit Growth %	6.96%	2.45%	4.7%	-4.08%	14.62%	11.3%	7.14%	11.55%	14.28%	-
Operating Expenses	1.47B	1.45B	1.63B	1.73B	1.81B	1.93B	1.93B	2.26B	2.72B	3.46B
OpEx % of Revenue	10.13%	9.74%	10.55%	11.36%	10.11%	9.79%	9.43%	10.26%	10.8%	-
Selling, General & Admin	1.47B	1.45B	1.63B	1.73B	1.81B	1.93B	1.93B	2.26B	2.72B	2.74B
SG&A % of Revenue	10.13%	9.74%	10.55%	11.36%	10.11%	9.79%	9.43%	10.26%	10.8%	-
Research & Development	0	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	0	0	0	0	0	0	0	0	0	1000K
Operating Income	2.62B▲ 0%	2.73B▲ 4.4%	2.75B▲ 0.7%	2.48B▼ 10.0%	3.01B▲ 21.4%	3.44B▲ 14.3%	3.82B▲ 11.2%	4.15B▲ 8.5%	4.61B▲ 11.0%	4.69B▲ 0%
Operating Margin %	18.09%	18.34%	17.82%	16.28%	16.78%	17.45%	18.72%	18.81%	18.28%	18.46%
Operating Income Growth %	8.62%	4.39%	0.69%	-10.02%	21.39%	14.3%	11.2%	8.53%	11.04%	-
EBITDA	4.09B	4.31B	4.43B	4.25B	5.12B	5.59B	6.02B	6.55B	7.47B	7.67B
EBITDA Margin %	28.22%	28.88%	28.64%	27.94%	28.54%	28.37%	29.49%	29.68%	29.64%	30.18%
EBITDA Growth %	7.47%	5.36%	2.76%	-3.93%	20.37%	9.18%	7.8%	8.72%	14.06%	14.36%
D&A (Non-Cash Add-back)	1.47B	1.57B	1.67B	1.77B	2.11B	2.15B	2.2B	2.4B	2.86B	2.98B
EBIT	2.54B	2.74B	2.52B	2.32B	2.71B	3.3B	3.52B	4.06B	4.34B	4.43B
Net Interest Income	-351M	-363M	-411M	-425M	-365M	-378M	-500M	-598M	-912M	-905M
Interest Income	0	0	0	0	0	0	0	0	0	0
Interest Expense	351M	363M	411M	425M	365M	378M	500M	598M	912M	905M
Other Income/Expense	-429M	-359M	-649M	-585M	-659M	-520M	-802M	-691M	-1.18B	-1.16B
Pretax Income	2.19B▲ 0%	2.38B▲ 8.4%	2.1B▼ 11.4%	1.89B▼ 10.1%	2.35B▲ 24.1%	2.92B▲ 24.2%	3.02B▲ 3.5%	3.46B▲ 14.5%	3.43B▼ 0.9%	3.53B▲ 0%
Pretax Margin %	15.13%	15.93%	13.62%	12.44%	13.1%	14.81%	14.79%	15.67%	13.59%	13.89%
Income Tax	242M	453M	434M	397M	532M	678M	745M	713M	717M	734M
Effective Tax Rate %	11.05%	19.07%	20.62%	20.97%	22.65%	23.24%	24.66%	20.62%	20.93%	20.8%
Net Income	1.95B▲ 0%	1.93B▼ 1.2%	1.67B▼ 13.2%	1.5B▼ 10.4%	1.82B▲ 21.4%	2.24B▲ 23.2%	2.3B▲ 2.9%	2.75B▲ 19.2%	2.71B▼ 1.4%	2.79B▲ 0%
Net Margin %	13.46%	12.91%	10.81%	9.83%	10.13%	11.36%	11.28%	12.45%	10.74%	10.99%
Net Income Growth %	64.89%	-1.23%	-13.25%	-10.42%	21.39%	23.24%	2.95%	19.18%	-1.38%	4.45%
Net Income (Continuing)	1.95B	1.92B	1.67B	1.5B	1.82B	2.24B	2.28B	2.75B	2.71B	2.79B
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	23M	1M	2M	2M	2M	15M	-7M	2M	1M	1M
EPS (Diluted)	4.41▲ 0%	4.45▲ 0.9%	3.91▼ 12.1%	3.52▼ 10.0%	4.29▲ 21.9%	5.39▲ 25.6%	5.66▲ 5.0%	6.81▲ 20.3%	6.70▼ 1.6%	6.91▲ 0%
EPS Growth %	66.42%	0.91%	-12.13%	-9.97%	21.88%	25.64%	5.01%	20.32%	-1.62%	4.22%
EPS (Basic)	4.44	4.49	3.93	3.54	4.32	5.42	5.69	6.84	6.72	-
Diluted Shares Outstanding	441.9M	432.2M	427.5M	425.1M	422.9M	415M	406.9M	403.4M	404.2M	404.4M
Basic Shares Outstanding	438.8M	429.1M	424.6M	423M	420.4M	412.8M	404.9M	401.5M	402.7M	403.2M
Dividend Payout Ratio	38.48%	41.66%	52.46%	61.97%	53.41%	48.12%	49.31%	44.06%	49.26%	-

WM Balance Sheet

Waste Management, Inc. (WM) balance sheet — assets, liabilities & shareholders' equity

Line item	Dec'17	Dec'18	Dec'19	Dec'20	Dec'21	Dec'22	Dec'23	Dec'24	Dec'25	TTM
Total Current Assets	2.62B	2.65B	6.21B	3.54B	3.07B	3.55B	3.8B	4.77B	4.91B	4.81B
Cash & Short-Term Investments	22M	61M	3.56B	553M	118M	351M	458M	414M	201M	158M
Cash Only	22M	61M	3.56B	553M	118M	351M	458M	414M	201M	158M
Short-Term Investments	0	0	0	0	0	0	0	0	0	0
Accounts Receivable	2.37B	2.27B	2.32B	2.62B	2.55B	2.75B	2.87B	3.69B	4.05B	3.96B
Days Sales Outstanding	59.82	55.68	54.77	62.94	51.83	50.99	51.29	61	58.72	57.33
Inventory	96M	102M	106M	124M	135M	164M	173M	206M	0	0
Days Inventory Outstanding	3.37	3.47	3.5	4.11	3.76	4.18	4.3	4.8	-	2.36
Other Current Assets	132M	207M	223M	239M	270M	284M	303M	467M	654M	686M
Total Non-Current Assets	19.2B	20B	21.53B	25.8B	26.03B	27.82B	29.02B	39.79B	40.92B	40.89B
Property, Plant & Equipment	11.56B	11.94B	12.89B	14.15B	14.42B	15.72B	16.97B	19.34B	20.38B	20.34B
Fixed Asset Turnover	1.25x	1.25x	1.20x	1.08x	1.24x	1.25x	1.20x	1.14x	1.24x	1.26x
Goodwill	6.25B	6.43B	6.53B	8.99B	9.03B	9.32B	9.25B	13.44B	13.88B	13.87B
Intangible Assets	547M	572M	521M	1.02B	898M	827M	759M	4.19B	3.77B	3.66B
Long-Term Investments	269M	406M	483M	426M	432M	578M	606M	846M	0	2.14B
Other Non-Current Assets	852M	-636M	1.59B	1.64B	1.68B	-364M	1.43B	1.98B	2.9B	9.64B
Total Assets	21.83B▲ 0%	22.65B▲ 3.8%	27.74B▲ 22.5%	29.34B▲ 5.8%	29.1B▼ 0.8%	31.37B▲ 7.8%	32.82B▲ 4.6%	44.57B▲ 35.8%	45.84B▲ 2.8%	45.7B▲ 0%
Asset Turnover	0.66x	0.66x	0.56x	0.52x	0.62x	0.63x	0.62x	0.50x	0.55x	0.56x
Asset Growth %	4.65%	3.76%	22.49%	5.77%	-0.85%	7.8%	4.64%	35.78%	2.85%	71.38%
Total Current Liabilities	3.26B	3.11B	3.14B	3.55B	4.08B	4.39B	4.23B	6.26B	5.52B	5.15B
Accounts Payable	1.04B	1.04B	1.06B	1.12B	1.38B	1.77B	1.71B	2.05B	0	0
Days Payables Outstanding	36.51	35.29	35.12	37.16	38.28	44.98	42.5	47.72	-	21.71
Short-Term Debt	739M	432M	218M	551M	708M	414M	334M	1.36B	711M	641M
Deferred Revenue (Current)	503M	522M	534M	539M	571M	589M	578M	673M	0	10.71B
Other Current Liabilities	0	0	0	0	0	0	0	0	4.81B	0
Current Ratio	0.80x	0.85x	1.97x	1.00x	0.75x	0.81x	0.90x	0.76x	0.89x	0.89x
Quick Ratio	0.77x	0.82x	1.94x	0.96x	0.72x	0.77x	0.86x	0.73x	0.89x	0.89x
Cash Conversion Cycle	26.68	23.86	23.15	29.89	17.3	10.2	13.09	18.08	-	37.99
Total Non-Current Liabilities	12.53B	13.27B	17.53B	18.34B	17.89B	20.11B	21.7B	30.05B	30.32B	30.53B
Long-Term Debt	8.75B	9.59B	13.28B	13.26B	12.7B	14.57B	15.89B	22.54B	22.2B	0
Capital Lease Obligations	0	0	0	0	0	0	0	0	0	0
Deferred Tax Liabilities	1.25B	1.29B	1.41B	1.81B	1.69B	1.73B	1.83B	2.81B	0	5.89B
Other Non-Current Liabilities	2.52B	2.38B	2.84B	3.27B	3.5B	3.81B	3.98B	4.7B	8.12B	48.28B
Total Liabilities	15.79B	16.37B	20.67B	21.89B	21.97B	24.5B	25.93B	36.31B	35.84B	35.68B
Total Debt	9.49B	10.03B	13.5B	13.81B	13.4B	14.98B	16.23B	23.9B	22.91B	641M
Net Debt	9.47B	9.96B	9.94B	13.26B	13.29B	14.63B	15.77B	23.49B	22.71B	483M
Debt / Equity	1.57x	1.60x	1.91x	1.85x	1.88x	2.18x	2.35x	2.90x	2.29x	2.29x
Debt / EBITDA	2.32x	2.33x	3.05x	3.25x	2.62x	2.68x	2.69x	3.65x	3.07x	0.08x
Net Debt / EBITDA	2.32x	2.31x	2.25x	3.12x	2.60x	2.62x	2.62x	3.59x	3.04x	3.04x
Interest Coverage	7.24x	7.55x	6.12x	5.45x	7.44x	8.72x	7.04x	6.78x	4.76x	4.89x
Total Equity	6.04B▲ 0%	6.28B▲ 3.9%	7.07B▲ 12.7%	7.45B▲ 5.4%	7.13B▼ 4.4%	6.86B▼ 3.7%	6.9B▲ 0.5%	8.25B▲ 19.7%	9.99B▲ 21.0%	10.02B▲ 0%
Equity Growth %	13.57%	3.87%	12.65%	5.43%	-4.4%	-3.68%	0.47%	19.69%	21.04%	79.82%
Book Value per Share	13.67	14.52	16.54	17.53	16.85	16.54	16.95	20.46	24.72	24.78
Total Shareholders' Equity	6.02B	6.28B	7.07B	7.45B	7.12B	6.85B	6.9B	8.25B	9.99B	10.02B
Common Stock	6M	6M	6M	6M	6M	6M	6M	6M	6M	0
Retained Earnings	8.59B	9.8B	10.59B	11.16B	12B	13.17B	14.33B	15.86B	0	0
Treasury Stock	-7.52B	-8.43B	-8.57B	-8.88B	-10.07B	-11.57B	-12.75B	-12.99B	0	0
Accumulated OCI	8M	-87M	-8M	39M	17M	-69M	-37M	-115M	0	0
Minority Interest	23M	1M	2M	2M	2M	15M	-7M	2M	1M	1M

WM Cash Flow Statement

Waste Management, Inc. (WM) cash flow — operating, investing & free cash flow history

Line item	Dec'17	Dec'18	Dec'19	Dec'20	Dec'21	Dec'22	Dec'23	Dec'24	Dec'25	TTM
Cash from Operations	3.18B	3.57B	3.87B	3.4B	4.34B	4.54B	4.72B	5.39B	6.04B	6.04B
Operating CF Margin %	21.95%	23.94%	25.07%	22.36%	24.19%	23.03%	23.1%	24.43%	23.98%	-
Operating CF Growth %	5.89%	12.26%	8.52%	-12.16%	27.48%	4.56%	4.03%	14.22%	12.12%	87.74%
Net Income	1.95B	1.92B	1.67B	1.5B	1.82B	2.24B	2.28B	2.75B	2.71B	2.79B
Depreciation & Amortization	1.38B	1.48B	1.57B	1.67B	2B	1.28B	1.33B	1.47B	3B	3.2B
Stock-Based Compensation	101M	89M	86M	94M	108M	84M	93M	118M	0	-48M
Deferred Taxes	-251M	25M	100M	165M	-77M	49M	83M	124M	363M	337M
Other Non-Cash Items	206M	85M	363M	304M	365M	1.02B	1.19B	962M	480M	245M
Working Capital Changes	-201M	-29M	80M	-327M	126M	-145M	-251M	-31M	-513M	-189M
Change in Receivables	-271M	-16M	-53M	-179M	28M	-329M	-161M	-313M	-511M	-209M
Change in Inventory	-16M	-30M	-243M	216M	-234M	0	59M	0	0	0
Change in Payables	126M	203M	243M	-37M	206M	393M	90M	281M	41M	-179M
Cash from Investing	-1.62B	-2.17B	-2.38B	-4.85B	-1.89B	-3.06B	-3.09B	-10.6B	-3.57B	-3.47B
Capital Expenditures	-1.51B	-1.69B	-1.82B	-1.63B	-1.9B	-2.59B	-2.9B	-3.23B	-3.23B	-3.05B
CapEx % of Revenue	10.42%	11.36%	11.76%	10.72%	10.62%	13.13%	14.17%	14.64%	12.8%	-
Acquisitions	-198M	-252M	-472M	-3.2B	21M	-350M	-92M	-7.49B	-395M	-379M
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	87M	-223M	-86M	-15M	-11M	-126M	-104M	118M	56M	-112M
Cash from Financing	-1.36B	-1.51B	1.96B	-1.56B	-2.9B	-1.22B	-1.52B	5.16B	-2.67B	-2.96B
Debt Issued (Net)	85M	313M	3.15B	-209M	-456M	1.36B	912M	6.71B	-1.33B	-1.24B
Equity Issued (Net)	-750M	-952M	-181M	-339M	-1.28B	-1.54B	-1.33B	-262M	61M	-336M
Dividends Paid	-750M	-802M	-876M	-927M	-970M	-1.08B	-1.14B	-1.21B	-1.33B	-1.38B
Share Repurchases	-750M	-1B	-248M	-402M	-1.35B	-1.5B	-1.3B	-262M	0	-344M
Other Financing	54M	-67M	-128M	-84M	-190M	40M	33M	-81M	-67M	1M
Net Change in Cash	-10M▲ 0%	-110M▼ 1000.0%	3.46B▲ 3249.1%	-3B▼ 186.6%	-454M▲ 84.9%	251M▲ 155.3%	107M▼ 57.4%	-65M▼ 160.7%	-190M▼ 192.3%	-109M▲ 0%
Free Cash Flow	1.67B▲ 0%	1.88B▲ 12.3%	2.06B▲ 9.6%	1.77B▼ 13.9%	2.43B▲ 37.4%	1.95B▼ 19.9%	1.82B▼ 6.4%	2.16B▲ 18.4%	2.82B▲ 30.4%	3.29B▲ 0%
FCF Margin %	11.54%	12.58%	13.3%	11.64%	13.57%	9.89%	8.93%	9.79%	11.17%	12.95%
FCF Growth %	3.08%	12.27%	9.59%	-13.86%	37.44%	-19.93%	-6.41%	18.37%	30.43%	79.1%
FCF per Share	3.78	4.34	4.81	4.17	5.76	4.70	4.48	5.35	6.97	6.97
FCF Conversion (FCF/Net Income)	1.63x	1.85x	2.32x	2.27x	2.39x	2.03x	2.05x	1.96x	2.23x	1.18x
Interest Paid	0	0	0	0	387M	348M	447M	530M	0	0
Taxes Paid	0	0	0	0	370M	736M	636M	656M	0	0

WM Key Ratios

Waste Management, Inc. (WM) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios

Metric	2017	2018	2019	2020	2021	2022	2023	2024	2025	TTM
Return on Equity (ROE)	34.31%	31.26%	25.03%	20.6%	24.91%	31.99%	33.49%	36.25%	29.68%	28.85%
Return on Invested Capital (ROIC)	13.05%	12.92%	12.42%	9.85%	10.97%	12.3%	12.98%	11.44%	10.72%	10.72%
Gross Margin	28.22%	28.08%	28.37%	27.64%	26.89%	27.24%	28.15%	29.07%	29.08%	32.06%
Net Margin	13.46%	12.91%	10.81%	9.83%	10.13%	11.36%	11.28%	12.45%	10.74%	10.99%
Debt / Equity	1.57x	1.60x	1.91x	1.85x	1.88x	2.18x	2.35x	2.90x	2.29x	2.29x
Interest Coverage	7.24x	7.55x	6.12x	5.45x	7.44x	8.72x	7.04x	6.78x	4.76x	4.89x
FCF Conversion	1.63x	1.85x	2.32x	2.27x	2.39x	2.03x	2.05x	1.96x	2.23x	1.18x
Revenue Growth	6.44%	2.96%	3.63%	-1.53%	17.83%	9.85%	3.7%	8.01%	14.24%	10.87%

WM SEC Filings & Documents

Waste Management, Inc. (WM) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

Material company update

Apr 28, 2026·SEC

Material company update

Mar 25, 2026·SEC

Material company update

Mar 13, 2026·SEC

10-K Annual Reports

FY 2026

Feb 9, 2026·SEC

FY 2025

Feb 19, 2025·SEC

10-Q Quarterly Reports

FY 2026

Apr 29, 2026·SEC

FY 2025

Oct 28, 2025·SEC

FY 2025

Jul 29, 2025·SEC

WM Frequently Asked Questions

Waste Management, Inc. (WM) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials

Waste Management, Inc. (WM) reported $25.41B in revenue for fiscal year 2025. This represents a 1835% increase from $1.31B in 1996.

Waste Management, Inc. (WM) grew revenue by 14.2% over the past year. This is steady growth.

Yes, Waste Management, Inc. (WM) is profitable, generating $2.79B in net income for fiscal year 2025 (10.7% net margin).

Dividend & Returns

Yes, Waste Management, Inc. (WM) pays a dividend with a yield of 1.50%. This makes it attractive for income-focused investors.

Waste Management, Inc. (WM) has a return on equity (ROE) of 29.7%. This is excellent, indicating efficient use of shareholder capital.

Waste Management, Inc. (WM) generated $3.29B in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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