WM

Waste Management
D

WM

Arincen80/100B

If you had invested in Waste Management ago, it would be worth $4,316 today, against $4,096 in SPY and $6,368 in QQQ.

ArincenArincen ScoreBeta

80/100

Six parts of the company, five checks each, from its own reported figures. A part scores the checks it passes out of 10; the score is their average out of 100.

Profitability10

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Cash8

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Valuation10

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Growth10

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Financial strength2

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Shareholders8

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Figures to FY2025; the price as of today.

Waste Management key facts

Style
Blend stock · 5.4/10Growth 5.0 · Value 5.4 · Dividend 5.1
Day range
244.070 – 246.380
52-week range
200.580 – 248.130
Market capitalization
97.68B USD
P/E
32.11
PEG ratio
2.66
EPS
7.65
Div Yield
1.54%
EPS growth forecast (FY2026)
+7.4%
Volume
8,012
Beta
0.43
ESG score
66.3/100Environment 72 · Social 57 · Governance 71
Sector
Industrials
Industry
Waste Management
CEO
James C. Fish Jr.
Employees
61K
Website
wm.com
IPO date
22 Jun 1988

Waste Management earnings

Next earnings · Q4 FY2026
EPS estimate
2.07 USD
Revenue estimate
6.71B USD
Last quarter · Q3 FY2026
EPS2.15Missed -1.4%Revenue6.85BBeat +0.5%

Revenue

ReportedEstimate

EPS

ReportedEstimate
PeriodReport dateEPS estimateReported EPSSurpriseEPS growthRevenue estimateReported revenueSurpriseRevenue growth
Q3 FY20282.56———7.50B———
Q2 FY20282.46———7.35B———
Q1 FY20282.09———6.93B———
Q4 FY20262.07——+7.25%6.71B——+6.24%
Q3 FY20262.182.15-1.38%+8.59%6.81B6.85B+0.49%+6.25%
Q2 FY20261.982.02+2.02%+5.21%6.71B6.68B-0.38%+3.95%
Q1 FY20261.751.81+3.43%+8.38%6.28B6.23B-0.83%+3.47%
Q4 FY20251.951.93-1.03%+13.53%6.39B6.31B-1.15%+7.13%
Q3 FY20252.011.98-1.49%+1.02%6.49B6.44B-0.76%+14.87%
Q2 FY20251.891.92+1.59%+5.49%6.36B6.43B+1.08%+19.03%

Analysts' estimates for FY2026 over the last 7 days:EPS Revenue How the estimates moved

Waste Management analyst forecast

12-month price target
257.20 USD
+4.70%

Analysts' 1-year price targets range from 225.00 to 280.00, with an average of 257.20.

Past year
1-year forecast
Strong sellStrong buy
Buy
15 ratings
Buy
10
Hold
5
Sell
0

12-month price target

Highest target280.00
Average target257.20
Lowest target225.00
Current price245.66

Waste Management valuation

Price to earnings ratio (TTM)
32.11
Forward P/E (FY2026)
30.49
Price to sales (TTM)
3.75
Price to book
9.90
EV / EBITDA (TTM)
15.26

Capital structure

Market capitalization
97.68B USD
+
Total debt
23.37B USD
−
Cash and short-term investments
247.00M USD
=
Enterprise value
120.81B USD

Valuation over time

P/EForward P/EForward P/E · EstimateEstimate
Fiscal yearP/EForward P/EP/SP/BEV/EBITDA
FY2028 (est.)25.13————
FY2027 (est.)27.6525.13———
FY2026 (est.)30.4927.65———
Now (TTM)32.1127.993.759.9015.26
FY202532.6927.273.518.8621.92
FY202429.5026.883.679.8216.19
FY202331.4826.223.5510.5115.43
FY202228.9426.223.299.4614.58
FY202138.6324.303.919.8517.30

Waste Management against its own history

Each figure in the latest fiscal year against the same figure from FY2021 to FY2025: the range, its median (the line) and the latest (the dot, green on the good side of the median). The P/E is today's against its daily readings of five years.

Its peers: Republic Services, GFL Environmental, and Clean Harbors, the US Waste Management companies closest to it in size, each in its own latest fiscal year: their median (the line) and its rank among them, first being the best.

  • P/E (today)Below its median32.1
    28.539.6
  • Gross marginHighest in 5 years29.1%
    26.9%29.1%
    Against its peers: 3 of 4Peers' median 29.5%
  • Operating marginAt its median18.3%
    16.8%18.8%
    Against its peers: 2 of 4Peers' median 11.2%
  • Net marginBelow its median10.7%
    10.1%12.4%
    Against its peers: 3 of 4Peers' median 12.9%
  • Return on equityBelow its median27.1%
    25.5%33.4%
    Against its peers: 2 of 4Peers' median 17.9%
  • Free cash flow marginAbove its median11.2%
    8.9%13.6%
    Against its peers: 2 of 4Peers' median 7.3%
  • Revenue growthAbove its median14.2%
    3.7%17.8%
    Against its peers: 1 of 4Peers' median 3.5%
  • EPS growthLowest in 5 years-1.6%
    -1.6%25.6%
    Against its peers: 2 of 3Peers' median 1.8%
  • Debt to EBITDAHighest in 5 years4.52×
    2.75×4.52×
    Against its peers: 4 of 4Peers' median 3.05×
  • Current ratioAbove its median0.89
    0.750.90
    Against its peers: 2 of 4Peers' median 0.64

Peers: US companies of the same industry (of its sector when the industry has too few) from a tenth to ten times its market value, the six closest in size. Updated weekly.

Waste Management growth and profitability

Revenue (TTM)
26.07B USD
Net income (TTM)
3.07B USD
Gross margin
32.19%
Operating margin
18.49%
Net margin
11.78%

Revenue / Net income

Revenue Net income Net margin
PeriodRevenueGrowthNet incomeGrowthGross marginOperating marginNet marginEBITDAGrowth
FY202525.20B+14.24%2.71B-1.38%29.08%18.28%10.74%5.07B-21.42%
FY202422.06B+8.01%2.75B+19.18%29.07%18.81%12.45%6.46B+12.83%
FY202320.43B+3.70%2.30B+2.95%28.15%18.72%11.28%5.72B+5.07%
FY202219.70B+9.85%2.24B+23.24%27.24%17.45%11.36%5.45B+12.89%
FY202117.93B+17.83%1.82B+21.39%26.89%16.78%10.13%4.82B+17.89%

Waste Management revenue breakdown

By product

FY2025
Commercial: 22.3%Landfill: 15.0%Residential: 13.9%Other Collection: 12.6%Industrial: 12.3%Healthcare Solutions: 10.0%Transfer: 6.0%Recycling Processing and Sales: 5.9%Renewable Energy: 1.9%Corporate and Other: 0.1%22.3%Commercial15.0%Landfill13.9%Residential12.6%Other Collection12.3%Industrial10.0%Healthcare Solutions6.0%Transfer5.9%Recycling Processing and Sales1.9%Renewable Energy
SegmentRevenueShare of revenueChange on the year
Commercial5.63B22.3%+4.8%
Landfill3.78B15.0%+9.8%
Residential3.51B13.9%+1.3%
Other Collection3.18B12.6%+7.1%
Industrial3.11B12.3%+0.6%
Healthcare Solutions2.51B10.0%+522.3%
Transfer1.50B6.0%+8.8%
Recycling Processing and Sales1.49B5.9%-6.9%
Renewable Energy478.00M1.9%+50.3%
Corporate and Other22.00M0.1%—

By region

FY2025
100.0%C [A]
RegionRevenueShare of revenueChange on the year
C [A]967.00M100.0%+13.5%

How Waste Management makes its money

Commercial5.63B 22.3%
Landfill3.78B 15.0%
Residential3.51B 13.9%
Other Collection3.18B 12.6%
Industrial3.11B 12.3%
Healthcare Solutions2.51B 10.0%
Transfer1.50B 6.0%
Recycling Processing and Sales1.49B 5.9%
Renewable Energy478.00M 1.9%
Corporate and Other22.00M 0.1%
Revenue25.20B 100.0%
Cost of revenue17.88B 70.9%
Gross profit7.33B 29.1%
Selling and administration2.72B 10.8%
Operating income4.61B 18.3%
Tax717.00M 2.8%
Other expense1.18B 4.7%
Net income2.71B 10.7%

FY2025, in USD. Each band is as wide as its money; the percentage is its share of revenue.

Waste Management dividends

Annual dividend
3.78 USD
Dividend yield (indicated)
1.54%
Payout ratio
47.84%
Years of dividend growth
23
Frequency
Quarterly
Last payment
0.95 USD
Last ex-dividend date
11 Sept 2026
Last payment date
25 Sept 2026

Dividends per share

Year2025202420232022202120202019201820172016
Dividends per share3.303.002.802.602.302.182.051.861.701.64

Waste Management financial health

Cash and short-term investments
247.00M USD
Total debt
23.37B USD
Net cash
-23.12B USD
Free cash flow (TTM)
3.74B USD
Current ratio
0.82
Debt to equity
2.37
Piotroski score
7 / 9
Altman Z-score
2.99

Cash, debt and free cash flow

Cash and short-term investments Total debt Free cash flow
Fiscal yearCash and short-term investmentsTotal debtFree cash flow
FY2025201.00M22.91B2.82B
FY2024414.00M23.90B2.16B
FY2023458.00M16.23B1.82B
FY2022351.00M14.98B1.95B
FY2021118.00M13.41B2.43B

Waste Management ownership

Institutions
83.03%
Institutional holders
2,435 (+7)
Free float
99.76%

Who owns the shares

Institutions 83.0% Others 17.0%
As of 30 Jun 2026

Shares free to trade

Free float 396.69M shares ·99.8% Closely held 943.19K shares ·0.2%

Closely held shares belong to insiders, founders and owners of more than 5%, and seldom change hands. The free float is the rest: the shares anyone can buy and sell.

Insider trading

QuarterPurchasesSalesShares acquiredShares disposed of
Q4 202600531.00876.00
Q3 20260110.23K11.95K
Q2 20260114.80K6.07K
Q1 2026032313.63K172.00K

Shares outstanding

Basic shares Diluted shares Change in diluted shares
Fiscal yearBasic sharesDiluted sharesChange in diluted shares
FY2025402.70M404.20M+0.20%
FY2024401.50M403.40M-0.86%
FY2023404.90M406.90M-1.95%
FY2022412.80M415.00M-1.87%
FY2021420.40M422.90M-0.52%

Source: Financial Modeling Prep

Related Instruments

Title: Waste Management

Sector: Industrials
Industry: Waste Management
WM, previously known as Waste Management, ranks as the largest integrated provider of traditional solid waste services in the United States, operating 257 active landfill sites and about 342 transfer stations that help with transporting waste efficiently and economically. The company serves residential, commercial, industrial, and medical end markets for waste collection, transfer, and disposal. The company also has an energy business emanating from the beneficial use of landfill gas and is a leading recycler in North America.

Common questions about Waste Management stock