Waste Management, Inc. (WM) Earnings History
Growth Compounder37 years of earnings data (1989–2025) · Consistent double-digit EPS growth over 5 years
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Waste Management, Inc. (WM) Earnings Overview
As of June 22, 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% |
| 2015 | $753M | -42.0% | $2.14B | $1.65 | 5.8% | 16.5% |
| 2014 | $1.30B | +1224.5% | $2.26B | $2.79 | 9.3% | 16.1% |
| 2013 | $98M | -88.0% | $2.08B | $0.21 | 0.7% | 14.9% |
| 2012 | $817M | -15.0% | $1.99B | $1.76 | 6.0% | 14.6% |
| 2011 | $961M | +0.8% | $2.06B | $2.04 | 7.2% | 15.4% |
| 2010 | $953M | -4.1% | $2.04B | $1.98 | 7.6% | 16.3% |
| 2009 | $994M | -8.6% | $2.02B | $2.01 | 8.4% | 17.1% |
| 2008 | $1.09B | -6.5% | $2.21B | $2.19 | 8.1% | 16.5% |
| 2007 | $1.16B | +1.2% | $2.24B | $2.23 | 8.7% | 16.8% |
| 2006 | $1.15B | -2.8% | $2.05B | $2.10 | 8.6% | 15.4% |
| 2005 | $1.18B | +25.9% | $1.81B | $2.09 | 9.0% | 13.8% |
| 2004 | $939M | +49.0% | $1.69B | $1.61 | 7.5% | 13.5% |
| 2003 | $630M | -23.4% | $1.54B | $1.06 | 5.4% | 13.3% |
| 2002 | $822M | +63.4% | $1.64B | $1.33 | 7.4% | 14.8% |
| 2001 | $503M | +618.6% | $1.28B | $0.80 | 4.4% | 11.3% |
| 2000 | -$97M | +75.6% | $1.79B | $-0.16 | -0.8% | 14.3% |
| 1999 | -$398M | +48.4% | $1.32B | $-0.65 | -3.0% | 10.1% |
| 1998 | -$771M | -388.7% | $2.51B | $-1.32 | -6.1% | 19.8% |
| 1997 | $267M | +711.6% | $680M | $-1.68 | 10.2% | 26.0% |
| 1996 | $33M | +8.6% | $295M | $0.04 | 2.5% | 22.4% |
| 1995 | $30M | +119.6% | $85M | $0.54 | 6.6% | 18.5% |
| 1994 | $14M | +43.8% | $33M | $0.08 | 7.8% | 18.6% |
| 1993 | $10M | +31.5% | $20M | $0.32 | 12.3% | 25.2% |
| 1992 | $7M | +143.3% | $14M | $0.65 | 14.0% | 27.2% |
| 1991 | $3M | +1400.0% | $5M | $0.32 | 16.4% | 28.4% |
| 1990 | $200,000 | +100.0% | $200,000 | $0.08 | 5.4% | 5.4% |
| 1989 | $100,000 | - | $-200,000 | $0.03 | 3.8% | -7.7% |
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WM — Frequently Asked Questions
Quick answers to the most common questions about buying WM stock.
What is WM earnings per share (EPS)?
WM trailing twelve-month (TTM) diluted EPS is $6.91, reflecting -1.6% year-over-year growth. The 5-year EPS CAGR is +13.7%. Complete EPS history from 1989 to 2025 is available in the table on this page.
What is Waste Management, Inc.'s net income?
Waste Management, Inc. (WM) trailing twelve-month net income is $2.8B as of 2025. Earnings declined -1.6% year-over-year. Waste Management, Inc. has been profitable for 25 consecutive years.
Is WM profitable?
Yes, WM is profitable with a TTM net income of $2.8B and a net profit margin of +10.7%. Waste Management, Inc. has generated profits for 25 consecutive years.
What is WM's earnings growth rate?
WM compound annual EPS growth rates (CAGR): 1-Year: -1.6%, 3-Year: +7.5%, 5-Year: +13.7%, 10-Year: +15.0%. These figures measure the annualised rate of diluted EPS growth over each period, based on data from 1989 to 2025.
What are WM's profit margins?
Waste Management, Inc. net profit margin is +10.7%, operating margin is +18.3%, and gross margin is +29.1%. Margins are within a typical range for the sector. Return on Equity is +29.7%.
Is WM growing earnings?
WM earnings growth is slowing. Current YoY EPS growth of -1.6% trails the 5-year CAGR of +13.7%. TTM net income is $2.8B.
What was WM's best earnings year?
Waste Management, Inc.'s highest annual net income on record is $2.7B, achieved in fiscal year 2024. Earnings history on this page spans 1989 to 2025 and includes all annual and quarterly figures.
What were WM's earnings last quarter?
WM's most recent reported quarter was Q1 2026. Net income was $723M with diluted EPS of $1.79. For a full breakdown of all quarters, see the quarterly earnings table on this page.