WM

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Waste Management, Inc.

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Key Metrics

Previous Close: $225.08
52-Week Range: $194.11 – $248.13
Market Cap: $89.90B
P/E (TTM): 59.19
EPS (TTM): 3.80
Dividend Yield: 1.57%

Advanced Metrics

Price/Book: 9.06
PEG Ratio: 2.30
Return on Equity: 29.84%
Return on Assets: 6.57%
Gross Margin: 40.60%
Operating Margin: 18.99%
Profit Margin: 11.12%
Current Ratio: 0.91
Debt/Equity: 2.35
Total Debt: $23.36B
Free Cash Flow: $2.35B
Revenue Growth: 4.00%
Earnings Growth: 8.30%
Enterprise Value: $112.70B

WM Income statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Revenue	$19.70B	$20.43B	$22.06B	$25.20B
Cost of Revenue	$12.29B	$12.61B	$13.38B	$15.01B
Gross Profit	$7.40B	$7.82B	$8.68B	$10.19B
Selling, General & Admin	$1.89B	$1.87B	$2.21B	$2.63B
Operating Expenses	$3.98B	$4.00B	$4.53B	$5.58B
Operating Income	$3.43B	$3.82B	$4.15B	$4.61B
EBITDA	$5.33B	$5.59B	$6.32B	$7.20B
Pretax Income	$2.92B	$3.02B	$3.46B	$3.43B
Income Tax	$678.00M	$745.00M	$713.00M	$717.00M
Net Income	$2.24B	$2.30B	$2.75B	$2.71B
Diluted EPS	5.39	5.66	6.81	6.70
Diluted Shares	415.00M	406.90M	403.40M	404.20M

WM Balance Sheet statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Cash & Equivalents	$351.00M	$458.00M	$414.00M	$201.00M
Receivables	$2.75B	$2.87B	$3.69B	$4.05B
Inventory	$164.00M	$173.00M	$206.00M	$225.00M
Current Assets	$3.55B	$3.80B	$4.77B	$4.91B
Total Assets	$31.37B	$32.82B	$44.57B	$45.84B
Current Liabilities	$4.39B	$4.23B	$6.26B	$5.52B
Long-Term Debt	$14.57B	$15.89B	$22.54B	$22.20B
Total Debt	$14.98B	$16.23B	$23.90B	$22.91B
Total Liabilities	$24.50B	$25.93B	$36.31B	$35.84B
Retained Earnings	$13.17B	$14.33B	$15.86B	$17.23B
Shareholders' Equity	$6.85B	$6.90B	$8.25B	$9.99B
Working Capital	-$843.00M	-$422.00M	-$1.48B	-$614.00M
Net Debt	$14.63B	$15.77B	$23.49B	$22.71B

WM Cash Flow statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Operating Cash Flow	$4.54B	$4.72B	$5.39B	$6.04B
Capital Expenditure	-$2.59B	-$2.90B	-$3.23B	-$3.23B
Free Cash Flow	$1.95B	$1.82B	$2.16B	$2.82B
Depreciation & Amortisation	$1.28B	$1.33B	$1.47B	$1.97B
Stock-Based Compensation	$84.00M	$93.00M	$118.00M	$169.00M
Investing Cash Flow	-$3.06B	-$3.09B	-$10.60B	-$3.57B
Financing Cash Flow	-$1.22B	-$1.52B	$5.16B	-$2.67B
Dividends Paid	-$1.08B	-$1.14B	-$1.21B	-$1.33B
Share Repurchases	-$1.50B	-$1.30B	-$262.00M	$0.00
Net Change in Cash	$257.00M	$104.00M	-$56.00M	-$196.00M

WM Income statement, quarterly periods, in USD
USD	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Revenue	$6.43B	$6.44B	$6.31B	$6.23B	$6.68B
Cost of Revenue	$3.80B	$3.83B	$3.69B	$3.69B	$3.96B
Gross Profit	$2.63B	$2.61B	$2.62B	$2.53B	$2.73B
Selling, General & Admin	$672.00M	$647.00M	$642.00M	$678.00M	$643.00M
Operating Expenses	$1.44B	$1.39B	$1.44B	$1.44B	$1.46B
Operating Income	$1.19B	$1.22B	$1.18B	$1.09B	$1.27B
EBITDA	$1.87B	$1.73B	$1.93B	$1.81B	$2.00B
Pretax Income	$928.00M	$775.00M	$935.00M	$891.00M	$1.02B
Income Tax	$201.00M	$172.00M	$193.00M	$168.00M	$238.00M
Net Income	$726.00M	$603.00M	$742.00M	$723.00M	$785.00M
Diluted EPS	1.80	1.49	1.83	1.79	0.24
Diluted Shares	404.30M	404.30M	404.50M	404.40M	3.22B

WM Balance Sheet statement, quarterly periods, in USD
USD	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Cash & Equivalents	$440.00M	$175.00M	$201.00M	$158.00M	$557.00M
Receivables	$3.93B	$4.02B	$4.05B	$3.96B	$4.21B
Inventory	$224.00M	$223.00M	$225.00M	$235.00M	$232.00M
Current Assets	$4.98B	$4.84B	$4.91B	$4.81B	$5.40B
Total Assets	$45.72B	$45.61B	$45.84B	$45.70B	$46.44B
Current Liabilities	$5.82B	$5.74B	$5.52B	$5.15B	$5.95B
Long-Term Debt	$23.06B	$22.48B	$22.20B	$22.25B	$22.28B
Total Debt	$24.02B	$23.36B	$22.91B	$22.89B	$23.36B
Total Liabilities	$36.52B	$36.09B	$35.84B	$35.68B	$36.52B
Retained Earnings	$16.55B	$16.82B	$17.23B	$17.57B	$17.98B
Shareholders' Equity	$9.20B	$9.52B	$9.99B	$10.02B	$9.93B
Working Capital	-$832.00M	-$898.00M	-$614.00M	-$338.00M	-$551.00M
Net Debt	$23.58B	$23.19B	$22.71B	$22.73B	$22.80B

WM Cash Flow statement, quarterly periods, in USD
USD	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Operating Cash Flow	$1.54B	$1.59B	$1.70B	$1.50B	$1.73B
Capital Expenditure	-$732.00M	-$776.00M	-$888.00M	-$650.00M	-$630.00M
Free Cash Flow	$813.00M	$816.00M	$810.00M	$851.00M	$1.10B
Depreciation & Amortisation	$488.00M	$502.00M	$502.00M	$504.00M	$508.00M
Stock-Based Compensation	$41.00M	$43.00M	$34.00M	$52.00M	$46.00M
Investing Cash Flow	-$1.09B	-$784.00M	-$867.00M	-$731.00M	-$696.00M
Financing Cash Flow	-$245.00M	-$1.05B	-$843.00M	-$821.00M	-$631.00M
Dividends Paid	-$333.00M	-$332.00M	-$333.00M	-$385.00M	-$379.00M
Share Repurchases	$0.00	$0.00	$0.00	-$344.00M	-$659.00M
Net Change in Cash	$214.00M	-$241.00M	-$12.00M	-$51.00M	$399.00M

Market Snapshot

About

Waste Management, Inc. is North America's leading provider of comprehensive waste management environmental services. The company provides collection, transfer, disposal, recycling, and resource recovery services to millions of residential, commercial, industrial, and municipal customers. Waste Management also develops and operates landfill gas-to-energy facilities and renewable energy projects.