Waste Management
WM
208.94
+1.06
+0.51%
Waste Management
US · WM
#261 by market cap
Listed 1970
208.94
+1.06
+0.51%
Live - 5344 symbols - heartbeat 204s ago
· 2026-10-08 08:24
Pre-market
210.51
+0.75%
After-hours
209.36
+0.20%
Overnight
209.00
+0.03%
- Market cap
- 83.52B
- P/E (TTM)i
- 29.55
- P/Bi
- 8.41
- EPSi
- 6.70
- Div yieldi
- 1.69%
- 52W posi
- 33%
Reader sentiment
Are you bullish or bearish on WM?
Anonymous reader poll. Unscientific, not investment advice.
✦ Quant Financial Health how this is computed
Fair
- Altman Z-Score is 2.79, in the 1.8-3.0 "grey zone".
- Most reliable for industrial/manufacturing companies; less meaningful for banks, insurers and other financials.
Revenue annual, last 8 years
Latest year +14.24% YoY
Margins
- Gross margin
- 40.44%
- Operating margin
- 18.28%
- Net margin
- 10.74%
Key ratios & quality
- Enterprise valuei
- 106.22B
- PEG ratioi
- 4.50
- Altman Z-Scorei
- 2.79
PEG uses trailing P/E against the 3-year net income growth rate (6.56%/yr) since forward earnings estimates aren't available here, so this is not a "forward PEG." Altman Z-Score below ~1.8 suggests financial distress risk, above ~3.0 suggests low risk; the model is most reliable for industrial/manufacturing companies and less meaningful for banks and other financial firms.
Income statement
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 14.91B | 15.46B | 15.22B | 17.93B | 19.70B | 20.43B | 22.06B | 25.20B |
| Gross profit | 5.67B | 5.96B | 5.88B | 6.82B | 7.40B | 7.82B | 8.68B | 10.19B |
| Selling & admin expenses | 1.40B | 1.59B | 1.67B | 1.83B | 1.89B | 1.87B | 2.21B | 2.63B |
| Research & development | -- | -- | -- | -- | -- | -- | -- | -- |
| Operating profit | 2.74B | 2.75B | 2.48B | 2.96B | 3.43B | 3.82B | 4.15B | 4.61B |
| Pretax profit | 2.38B | 2.11B | 1.89B | 2.35B | 2.92B | 3.02B | 3.46B | 3.43B |
| Tax | 453.00M | 434.00M | 397.00M | 532.00M | 678.00M | 745.00M | 713.00M | 717.00M |
| Net profit | 1.92B | 1.67B | 1.50B | 1.82B | 2.24B | 2.28B | 2.75B | 2.71B |
| Basic EPS | 4 | 4 | 4 | 4 | 5 | 6 | 7 | 7 |
| Diluted EPS | 4.45 | 3.91 | 3.52 | 4.29 | 5.39 | 5.66 | 6.81 | 6.70 |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Revenue | 6.02B | 6.43B | 6.44B | 6.31B | 6.23B | 6.68B |
| Gross profit | 2.41B | 2.63B | 2.61B | 2.62B | 2.53B | 2.73B |
| Selling & admin expenses | 668.00M | 672.00M | 647.00M | 642.00M | 678.00M | 643.00M |
| Research & development | -- | -- | -- | -- | -- | -- |
| Operating profit | 1.03B | 1.19B | 1.22B | 1.18B | 1.09B | 1.27B |
| Pretax profit | 788.00M | 928.00M | 775.00M | 935.00M | 891.00M | 1.02B |
| Tax | 151.00M | 201.00M | 172.00M | 193.00M | 168.00M | 238.00M |
| Net profit | 637.00M | 727.00M | 603.00M | 742.00M | 723.00M | 786.00M |
| Basic EPS | 2 | 2 | 2 | 2 | 2 | 2 |
| Diluted EPS | 1.58 | 1.80 | 1.49 | 1.83 | 1.79 | 1.95 |
Balance sheet
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Total current assets | 2.65B | 6.21B | 3.54B | 3.07B | 3.55B | 3.80B | 4.77B | 4.91B |
| Cash & ST investments | 61.00M | 3.56B | 553.00M | 118.00M | 351.00M | 458.00M | 414.00M | 201.00M |
| Inventory | 102.00M | 106.00M | 124.00M | 135.00M | 164.00M | 173.00M | 206.00M | 225.00M |
| Total assets | 22.65B | 27.74B | 29.35B | 29.10B | 31.37B | 32.82B | 44.57B | 45.84B |
| Total current liabilities | 3.11B | 3.14B | 3.55B | 4.08B | 4.39B | 4.23B | 6.26B | 5.52B |
| Short-term debt | 432.00M | 218.00M | 551.00M | 708.00M | 414.00M | 334.00M | 1.36B | 711.00M |
| Long-term debt | 9.59B | 13.28B | 13.26B | 12.70B | 14.57B | 15.90B | 22.54B | 22.20B |
| Total liabilities | 16,374,000,000.00 | 20,673,000,000.00 | 21,891,000,000.00 | 21,971,000,000.00 | 24,503,000,000.00 | 25,927,000,000.00 | 36,313,000,000.00 | 35,844,000,000.00 |
| Total equity | 6.28B | 7.07B | 7.45B | 7.13B | 6.86B | 6.90B | 8.25B | 9.99B |
| Retained earnings | 9.80B | 10.59B | 11.16B | 12.00B | 13.17B | 14.33B | 15.86B | 17.23B |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Total current assets | 4.46B | 4.98B | 4.84B | 4.91B | 4.81B | 5.40B |
| Cash & ST investments | 216.00M | 440.00M | 175.00M | 201.00M | 158.00M | 557.00M |
| Inventory | 218.00M | 224.00M | 223.00M | 225.00M | 235.00M | 232.00M |
| Total assets | 44.49B | 45.72B | 45.61B | 45.84B | 45.70B | 46.44B |
| Total current liabilities | 5.35B | 5.82B | 5.74B | 5.52B | 5.15B | 5.95B |
| Short-term debt | 954.00M | 964.00M | 880.00M | 711.00M | 641.00M | 1.08B |
| Long-term debt | 22.88B | 23.06B | 22.48B | 22.20B | 22.25B | 22.28B |
| Total liabilities | 35,835,000,000.00 | 36,520,000,000.00 | 36,088,000,000.00 | 35,844,000,000.00 | 35,678,000,000.00 | 36,515,000,000.00 |
| Total equity | 8.65B | 9.20B | 9.52B | 9.99B | 10.02B | 9.93B |
| Retained earnings | 16.16B | 16.55B | 16.82B | 17.23B | 17.57B | 17.98B |
Cash flow
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Operating cash flow | 3.57B | 3.87B | 3.40B | 4.34B | 4.54B | 4.72B | 5.39B | 6.04B |
| Depreciation & amortization | 1.48B | 1.57B | 1.67B | 2.00B | 2.04B | 2.07B | 2.27B | 2.86B |
| Free cash flow | 1.88B | 2.06B | 1.77B | 2.43B | 1.95B | 1.82B | 2.16B | 2.82B |
| Dividends paid | -802.00M | -876.00M | -927.00M | -970.00M | -1.08B | -1.14B | -1.21B | -1.33B |
| Stock buybacks / issuance | -1.00B | -248.00M | -402.00M | -1.35B | -1.50B | -1.30B | -262.00M | 0 |
| Ending cash balance | 183.00M | 3.65B | 648.00M | 194.00M | 445.00M | 552.00M | 487.00M | 297.00M |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Operating cash flow | 1.21B | 1.55B | 1.59B | 1.70B | 1.50B | 1.73B |
| Depreciation & amortization | 656.00M | 708.00M | 729.00M | 770.00M | 696.00M | 738.00M |
| Free cash flow | 377.00M | 813.00M | 816.00M | 810.00M | 851.00M | 1.10B |
| Dividends paid | -336.00M | -333.00M | -332.00M | -333.00M | -385.00M | -379.00M |
| Stock buybacks / issuance | 0 | 0 | 0 | 0 | -344.00M | -659.00M |
| Ending cash balance | 331.00M | 552.00M | 308.00M | 297.00M | 245.00M | 638.00M |
Returns & efficiency
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| ROE %i | 31.32 | 25.03 | 20.61 | 24.92 | 32.03 | 33.51 | 36.24 | 29.69 |
| ROA %i | 8.66 | 6.63 | 5.24 | 6.21 | 7.40 | 7.18 | 7.10 | 5.99 |
| ROIC %i | 14.01 | 10.83 | 8.76 | 10.04 | 11.94 | 11.92 | 11.65 | 10.54 |
| 5-year avg ROE %i | 24.77 | 25.29 | 26.72 | 27.26 | 26.78 | 27.22 | 29.46 | 31.28 |
| EBIT margin %i | 18.44 | 16.28 | 15.23 | 15.14 | 16.73 | 17.24 | 18.38 | 17.21 |
| FCF / sales %i | 12.58 | 13.30 | 11.64 | 13.57 | 9.89 | 8.93 | 9.79 | 11.17 |
| Current ratioi | 0.85 | 1.97 | 1.00 | 0.75 | 0.81 | 0.90 | 0.76 | 0.89 |
| Quick ratioi | 0.75 | 1.87 | 0.89 | 0.65 | 0.71 | 0.79 | 0.66 | 0.77 |
| Debt / assetsi | 44.26 | 48.65 | 47.06 | 46.07 | 47.77 | 49.44 | 53.63 | 49.98 |
| LT debt / equityi | 152.89 | 187.89 | 177.93 | 178.23 | 212.73 | 230.26 | 273.16 | 222.18 |
| Interest coveragei | 7.35 | 6.12 | 5.45 | 7.44 | 8.72 | 7.04 | 6.78 | 4.76 |
| Revenue CAGR (3Y) %i | 4.79 | 4.33 | 1.66 | 6.33 | 8.42 | 10.31 | 7.16 | 8.56 |
| Net income CAGR (3Y) %i | 36.73 | 12.21 | -8.44 | -1.92 | 10.25 | 15.48 | 14.78 | 6.56 |
| FCF CAGR (3Y) %i | 13.15 | 7.31 | 1.96 | 9.07 | -1.77 | 0.99 | -3.92 | 13.05 |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| ROE %i | 34.01 | 32.67 | 29.31 | 29.69 | 29.93 | 29.83 |
| ROA %i | 6.93 | 6.83 | 6.38 | 5.99 | 6.20 | 6.19 |
| ROIC %i | 11.60 | 11.69 | 11.40 | 10.54 | 10.74 | 10.73 |
| 5-year avg ROE %i | -- | -- | -- | -- | -- | -- |
| EBIT margin %i | 17.79 | 17.57 | 16.47 | 17.21 | 17.45 | 17.65 |
| FCF / sales %i | 8.01 | 9.03 | 9.69 | 11.17 | 12.95 | 13.92 |
| Current ratioi | 0.83 | 0.86 | 0.84 | 0.89 | 0.93 | 0.91 |
| Quick ratioi | 0.71 | 0.75 | 0.73 | 0.77 | 0.80 | 0.80 |
| Debt / assetsi | 53.58 | 52.53 | 51.22 | 49.98 | 50.09 | 50.29 |
| LT debt / equityi | 264.54 | 250.58 | 236.18 | 222.18 | 222.03 | 224.49 |
| Interest coveragei | 5.82 | 5.29 | 4.59 | 4.76 | 4.90 | 5.00 |
| Revenue CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
| Net income CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
| FCF CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
✦ Quant Revenue Concentration how this is computed
Lead segment, long tail
- East Tier is the largest reported line at 45.92% of revenue, across 8 reported segments.
- West Tier follows at 42.98%, so the top line still matters most but isn’t the whole story.
Revenue breakdown most recent period
Business
East Tier45.92%
West Tier42.98%
Other Ancillary12.57%
Healthcare Solutions11.10%
Recycling Processing and Sales7.35%
Renewable energy2.35%
Corporate and Other0.22%
Quote time 2026-10-08 08:24:00 · For reference only, not investment advice and not tailored to your situation.