Waste Management, Inc. (WM) Earnings History
Annual and quarterly earnings data from 1989 to 2025
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WM EPS Growth (CAGR)
Compound annual growth rate of diluted earnings per share
CAGR (Compound Annual Growth Rate) shows the annualized growth rate of EPS over the specified period. A higher CAGR indicates stronger earnings momentum.
WM Profitability Analysis
Margin trends over time
| Year | Gross Margin | Operating Margin | Net Margin |
|---|---|---|---|
| 2025 | 29.1% | 18.3% | 10.7% |
| 2024 | 29.1% | 18.8% | 12.4% |
| 2023 | 28.1% | 18.7% | 11.3% |
| 2022 | 27.2% | 17.5% | 11.4% |
| 2021 | 26.9% | 16.8% | 10.1% |
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Waste Management, Inc. (WM) Earnings Overview
As of May 8, 2026, Waste Management, Inc. (WM) reported trailing twelve-month net income of $2.79B, reflecting -1.6% year-over-year growth. The company earned $6.91 per diluted share over the past four quarters, with a net profit margin of 10.7%.
Looking at the long-term picture, WM's 5-year EPS compound annual growth rate (CAGR) stands at +13.7%, showing solid earnings momentum. The company achieved its highest annual net income of $2.75B in fiscal 2024.
Waste Management, Inc. maintains positive profitability with a gross margin of 29.1%, operating margin of 18.3%, and net margin of 10.7%. The company continues to generate positive earnings from operations. View revenue history →
Compared to peers including RSG ($2.17B net income, 12.9% margin), CWST ($7M net income, 0.4% margin), WCN ($1.06B net income, 11.4% margin), WM has room to improve margins relative to the peer group. Compare WM vs RSG →
WM Earnings vs Peers
Earnings metrics vs comparable public companies
WM Historical Earnings Data (1989–2025)
37 years| Fiscal Year | Net Income | YoY % | Operating Income | EPS (Diluted) | Net Margin | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $2.71B | -1.4% | $4.61B | $6.70 | 10.7% | 18.3% |
| 2024 | $2.75B | +19.2% | $4.15B | $6.81 | 12.4% | 18.8% |
| 2023 | $2.30B | +2.9% | $3.82B | $5.66 | 11.3% | 18.7% |
| 2022 | $2.24B | +23.2% | $3.44B | $5.39 | 11.4% | 17.5% |
| 2021 | $1.82B | +21.4% | $3.01B | $4.29 | 10.1% | 16.8% |
| 2020 | $1.50B | -10.4% | $2.48B | $3.52 | 9.8% | 16.3% |
| 2019 | $1.67B | -13.2% | $2.75B | $3.91 | 10.8% | 17.8% |
| 2018 | $1.93B | -1.2% | $2.73B | $4.45 | 12.9% | 18.3% |
| 2017 | $1.95B | +64.9% | $2.62B | $4.41 | 13.5% | 18.1% |
| 2016 | $1.18B | +57.0% | $2.41B | $2.65 | 8.7% | 17.7% |
Full WM Stock Analysis
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Start ComparisonWM — Frequently Asked Questions
Quick answers to the most common questions about buying WM stock.
Is WM growing earnings?
WM EPS of $6.91 reflects slowing growth at -1.6%, below the 5-year CAGR of +13.7%. TTM net income is $2.8B. Expansion rate has moderated.
What are WM's profit margins?
Waste Management, Inc. net margin is +10.7%, with operating margin at +18.3%. Margins sit within typical range for the sector.
How consistent are WM's earnings?
WM earnings data spans 1989-2025. The current earnings trend is -1.6% YoY. Historical data enables comparison across business cycles.