Last 48 quarters of trend data · Industrials · Waste Management
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
| Metric | TTM | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 30.90 | 28.57 | 32.09 | 30.02 | 37.05 | 31.78 | 36.63 | 34.09 | 27.61 | 31.56 | 30.45 | 36.70 | 23.38 | 28.71 | 31.38 | 32.41 | 26.01 | 27.12 | 32.22 | 34.77 | 29.17 |
| — | -10.1% | -12.4% | -11.9% | +34.2% | +0.7% | +20.3% | -7.1% | +18.1% | +9.9% | -3.0% | +13.2% | -10.1% | +5.9% | -2.6% | -6.8% | -10.8% | -35.7% | -1.1% | +21.5% | -5.1% | |
| P/S Ratio | 3.28 | 3.36 | 3.73 | 3.52 | 3.46 | 3.60 | 3.88 | 3.46 | 3.73 | 3.98 | 4.17 | 3.47 | 2.98 | 3.45 | 3.41 | 3.27 | 3.27 | 3.17 | 3.55 | 3.75 | 3.38 |
| — | -6.5% | -4.0% | +1.9% | -7.1% | -9.6% | -6.8% | -0.4% | +25.4% | +15.3% | +22.2% | +6.1% | -9.0% | +9.0% | -4.0% | -12.8% | -3.2% | -4.4% | +6.7% | +21.7% | +8.6% | |
| P/B Ratio | 8.38 | 9.05 | 9.27 | 8.90 | 9.38 | 10.05 | 10.81 | 9.87 | 10.50 | 11.54 | 12.15 | 10.50 | 8.88 | 10.21 | 9.80 | 9.41 | 9.47 | 8.86 | 9.27 | 9.85 | 8.79 |
| — | -9.9% | -14.2% | -9.8% | -10.7% | -12.9% | -11.0% | -6.0% | +18.2% | +13.1% | +24.0% | +11.6% | -6.2% | +15.2% | +5.8% | -4.5% | +7.7% | +9.7% | +25.8% | +46.5% | +30.9% | |
| P/FCF | 29.39 | 20.50 | 27.30 | 27.43 | 27.35 | 28.45 | 62.01 | 51.42 | 36.27 | 44.16 | 30.76 | 53.23 | 26.22 | 34.66 | 43.45 | 86.30 | 39.04 | 32.04 | 19.71 | 80.87 | 21.89 |
| — | -27.9% | -56.0% | -46.7% | -24.6% | -35.6% | +101.6% | -3.4% | +38.3% | +27.4% | -29.2% | -38.3% | -32.8% | +8.2% | +120.5% | +6.7% | +78.4% | +39.7% | +22.4% | +131.7% | +25.0% | |
| EV / EBITDA | 14.12 | 13.88 | 15.65 | 14.33 | 14.46 | 15.03 | 17.03 | 16.12 | 14.51 | 15.61 | 16.30 | 13.85 | 12.27 | 14.33 | 15.02 | 14.31 | 13.61 | 13.52 | 15.36 | 16.56 | 14.40 |
| — | -7.7% | -8.1% | -11.1% | -0.4% | -3.7% | +4.5% | +16.4% | +18.3% | +8.9% | +8.5% | -3.2% | -9.8% | +6.0% | -2.2% | -13.6% | -5.5% | -1.3% | +5.7% | +13.4% | +13.5% | |
| EV / EBIT | 22.89 | 22.41 | 26.05 | 24.09 | 28.12 | 25.02 | 28.71 | 29.11 | 22.15 | 24.90 | 25.47 | 28.55 | 19.31 | 23.00 | 25.08 | 26.33 | 21.84 | 22.18 | 26.31 | 28.79 | 23.95 |
| — | -10.4% | -9.3% | -17.3% | +27.0% | +0.5% | +12.7% | +2.0% | +14.7% | +8.3% | +1.6% | +8.4% | -11.6% | +3.7% | -4.7% | -8.6% | -8.8% | -32.2% | -0.3% | +17.0% | +1.6% |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
| Metric | TTM | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 29.1% | 40.8% | 40.7% | 29.3% | 29.2% | 29.3% | 28.5% | 28.6% | 29.5% | 29.0% | 29.2% | 29.6% | 28.7% | 27.6% | 26.6% | 26.3% | 27.9% | 27.4% | 27.4% | 25.9% | 26.6% |
| — | +39.4% | +42.7% | +2.3% | -0.9% | +0.9% | -2.3% | -3.3% | +2.7% | +5.2% | +9.7% | +12.7% | +2.8% | +0.7% | -2.9% | +1.4% | +4.8% | -1.1% | -0.0% | -6.8% | -7.4% | |
| Operating Margin | 18.3% | 18.7% | 17.9% | 18.6% | 18.9% | 18.5% | 17.1% | 16.0% | 20.1% | 19.8% | 19.7% | 19.8% | 19.6% | 18.5% | 16.9% | 16.4% | 18.6% | 17.7% | 16.8% | 15.4% | 16.6% |
| — | +1.5% | +4.6% | +16.7% | -6.1% | -6.5% | -13.1% | -19.3% | +2.3% | +7.0% | +16.5% | +20.5% | +5.7% | +4.3% | +0.1% | +6.5% | +12.1% | -0.3% | +3.7% | +0.9% | -7.8% | |
| Net Margin | 10.7% | 11.7% | 11.6% | 11.8% | 9.4% | 11.3% | 10.6% | 10.1% | 13.5% | 12.6% | 13.7% | 9.4% | 12.8% | 12.0% | 10.9% | 10.1% | 12.6% | 11.7% | 11.0% | 10.8% | 11.5% |
| — | +4.0% | +9.7% | +15.8% | -30.9% | -10.3% | -22.9% | +7.4% | +6.2% | +4.8% | +26.0% | -6.5% | +1.3% | +2.9% | -1.0% | -6.5% | +9.2% | +48.9% | +7.5% | +0.4% | +14.2% |
| Metric | TTM | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 29.7% | 7.9% | 7.2% | 7.6% | 6.4% | 8.1% | 7.5% | 7.4% | 9.9% | 9.4% | 10.1% | 7.1% | 9.5% | 9.0% | 7.8% | 7.2% | 9.0% | 8.2% | 7.2% | 7.1% | 7.4% |
| — | -3.2% | -4.1% | +3.2% | -34.6% | -13.1% | -25.6% | +3.6% | +3.3% | +4.5% | +30.0% | -1.1% | +6.1% | +9.4% | +8.5% | +1.6% | +21.5% | +72.4% | +27.1% | +18.0% | +33.4% | |
| ROA | 6.0% | 1.7% | 1.6% | 1.6% | 1.3% | 1.6% | 1.4% | 1.5% | 2.2% | 2.0% | 2.2% | 1.5% | 2.1% | 2.0% | 1.7% | 1.6% | 2.1% | 2.0% | 1.8% | 1.7% | 1.9% |
| — | +5.9% | +10.4% | +7.6% | -40.3% | -21.1% | -33.8% | -0.9% | +6.0% | +4.3% | +27.1% | -6.6% | -2.1% | -1.2% | -3.3% | -6.7% | +14.6% | +63.7% | +22.1% | +7.9% | +22.5% | |
| ROIC | 10.7% | 2.9% | 2.6% | 2.7% | 2.8% | 2.7% | 2.4% | 2.5% | 3.5% | 3.4% | 3.3% | 3.4% | 3.4% | 3.2% | 2.9% | 2.9% | 3.4% | 3.3% | 2.9% | 2.7% | 2.9% |
| — | +4.9% | +5.9% | +6.5% | -20.9% | -19.8% | -27.9% | -26.5% | +2.0% | +6.2% | +17.2% | +20.4% | +1.2% | -1.1% | -1.0% | +7.3% | +19.2% | +11.5% | +18.3% | +7.7% | -6.9% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
| Metric | TTM | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 2.29 | 2.35 | 2.28 | 2.29 | 2.45 | 2.61 | 2.76 | 2.90 | 2.09 | 2.25 | 2.27 | 2.35 | 2.22 | 2.22 | 2.26 | 2.18 | 2.01 | 1.99 | 1.89 | 1.88 | 1.82 |
| — | -9.9% | -17.1% | -20.8% | +17.5% | +16.2% | +21.2% | +23.0% | -5.7% | +1.3% | +0.7% | +7.8% | +10.4% | +11.7% | +19.6% | +16.0% | +10.3% | +10.2% | +4.0% | +1.5% | +24.9% | |
| Debt / EBITDA | 3.07 | 11.51 | 12.39 | 11.77 | 12.01 | 12.44 | 13.87 | 14.69 | 9.69 | 10.19 | 10.31 | 10.20 | 9.82 | 10.25 | 11.28 | 10.83 | 9.53 | 10.02 | 10.41 | 10.64 | 9.89 |
| — | -7.5% | -10.7% | -19.9% | +23.9% | +22.1% | +34.5% | +44.0% | -1.2% | -0.6% | -8.6% | -5.9% | +3.0% | +2.3% | +8.4% | +1.8% | -3.6% | +0.0% | -10.0% | -16.4% | +8.1% | |
| Current Ratio | 0.89 | 0.91 | 0.93 | 0.89 | 0.84 | 0.86 | 0.83 | 0.76 | 0.89 | 1.07 | 0.89 | 0.90 | 0.84 | 0.82 | 0.87 | 0.81 | 0.85 | 1.07 | 0.80 | 0.75 | 0.78 |
| — | +5.9% | +12.1% | +16.5% | -5.4% | -20.2% | -6.8% | -15.3% | +5.5% | +31.1% | +2.2% | +11.4% | -0.8% | -23.6% | +8.8% | +7.5% | +9.7% | +22.3% | -20.6% | -24.5% | -35.1% | |
| Quick Ratio | 0.85 | 0.87 | 0.89 | 0.85 | 0.80 | 0.82 | 0.79 | 0.73 | 0.85 | 1.03 | 0.85 | 0.86 | 0.80 | 0.78 | 0.83 | 0.77 | 0.81 | 1.03 | 0.76 | 0.72 | 0.74 |
| — | +6.1% | +12.1% | +16.2% | -5.6% | -20.5% | -6.3% | -15.0% | +6.2% | +32.2% | +1.9% | +11.5% | -0.8% | -24.3% | +8.6% | +7.2% | +8.8% | +22.2% | -21.6% | -25.2% | -35.6% | |
| Interest Coverage | 4.76 | 5.39 | 4.93 | 5.19 | 4.44 | 5.00 | 4.40 | 4.48 | 8.60 | 7.57 | 7.68 | 6.03 | 7.87 | 7.47 | 6.80 | 6.90 | 10.10 | 9.34 | 8.89 | 8.73 | 9.11 |
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Includes 30+ ratios · 48 years · Updated daily
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Quick answers to the most common questions about buying WM stock.
Waste Management, Inc.'s current P/E is 30.9x. The average P/E over the last 4 quarters is 31.9x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
Waste Management, Inc.'s current operating margin is 18.3%. Margins have been compressing over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking Waste Management, Inc.'s business trajectory between earnings reports.