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Waste Management, Inc.(WM)Earnings, Financials & Key Ratios
WM•NYSE
32.0× P/E·Price updated Jun 19, 2026
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%
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
- ✓22 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.
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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
●Beat EPS 7/12 qtrs (58%)●Beat Revenue 4/12 qtrs (33%)
Q2 2026Latest
Apr 28, 2026Metric
Actual
Est
EPS
$1.81+3.4%
$1.75
Rev
$6.2B-0.8%
$6.3B
Q1 2026
Jan 28, 2026Metric
Actual
Est
EPS
$1.93-1.0%
$1.95
Rev
$6.3B-1.2%
$6.4B
Q4 2025
Oct 27, 2025Metric
Actual
Est
EPS
$1.98-1.5%
$2.01
Rev
$6.4B-0.8%
$6.5B
Q3 2025
Jul 28, 2025Metric
Actual
Est
EPS
$1.92+1.6%
$1.89
Rev
$6.4B+1.1%
$6.4B
| 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 →
WM Peer Comparison
Waste Management, Inc. (WM) competitors in Solid Waste Collection and Disposal — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 RSG | 63.05B | 204.94 | 29.92 | 3.49% | 12.99% | 18.12% | 0.05 | |
 CWST | 5.45B | 86.98 | 724.83 | 17.95% | 0.38% | 0.46% | 0.79 | |
 WCN | 39.24B | 153.97 | 36.83 | 6.55% | 10.97% | 12.93% | 1.14 | |
 CLH | 15.39B | 288.60 | 39.64 | 2.39% | 6.53% | 14.37% | 1.26 | |
 CECO | 3.53B | 98.40 | 71.82 | 38.79% | 2.11% | 5.45% | 0.08 | |
 NVRI | 1.82B | 22.01 | -10.58 | -4.3% | -7.5% | -48.32% | 6.11 | |
 LKQ | 6.58B | 25.80 | 10.98 | -3.06% | 3.71% | 7.9% | 0.77 | |
 IIPR | 1.7B | 59.60 | 15.17 | -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.
WM Income Statement
Waste Management, Inc. (WM) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Metric | 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
| Metric | 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 | 3.02B |
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 | 0.93x |
Quick Ratio | 0.77x | 0.82x | 1.94x | 0.96x | 0.72x | 0.77x | 0.86x | 0.73x | 0.89x | 0.93x |
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 | 30.53B |
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 | 0.06x |
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 | 0.06x |
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
| Metric | 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 | 6.34B |
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% | 11.99% |
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 | 8.14 |
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% | 12.95% |
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 | 0.06x |
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% |
Related:WM Dividend History·WM Revenue History·WM Price History·WM P/E History·WM Financial Ratios·WM Institutional Holders
WM SEC Filings & Documents
Waste Management, Inc. (WM) SEC filings — annual & quarterly reports (10-K, 10-Q)
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 1.54%. 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.