Waste Management, Inc. logo

Waste Management, Inc.

WM

NYSEIndustrialsWaste Management

Previous close

$224.06

−$0.86 · -0.38%

Aug 21, 4:00 PM ET

WM company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Buy

Favorable setup — positive multi-factor alignment

Valuation

90

Deep Value

Momentum

46

Neutral

Sentiment

69

Bullish

Risk resilience

85

Low Risk

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Company profile

Company website

Waste Management, Inc. (WM) functions as a premier provider of environmental waste solutions across North America, serving a diverse client base that includes residential, commercial, industrial, and municipal customers. The company's core operations involve comprehensive collection services, which include gathering and transporting both waste materials and recyclables from their initial point of generation to designated transfer stations, material recovery facilities (MRFs), or final disposal sites. Waste Management maintains an extensive network of facilities, owning, developing, and operating landfill gas-to-energy plants within the United States, in addition to managing numerous transfer stations. As of December 31, 2021, its substantial infrastructure consisted of 255 solid waste landfills, 5 secure hazardous waste landfills, 96 material recovery facilities, and 340 transfer stations. Beyond primary collection and disposal, WM offers services in materials processing and commodities recycling. This extends to recycling brokerage, where they handle the marketing of recyclable goods for third-party entities, alongside providing various other strategic business solutions. Its service portfolio also encompasses construction and remediation projects, the responsible management of fly ash and other residues generated from coal and fuel combustion, and specialized in-plant services offering full-spectrum waste management consulting. Furthermore, the company delivers tailored disposal solutions for oil and gas exploration and production activities. Originally incorporated in 1987 as USA Waste Services, Inc., the company rebranded to Waste Management, Inc. in 1998. Its corporate headquarters are situated in Houston, Texas.

Industry
Waste Management
Sector
Industrials
Headquarters
US
CEO
James C. Fish Jr.
Listed since
Jun 22, 1988
Employees
60,500

Market position

Day range

Current $224.06

52-week range

Current $224.06

Open
$223.71
Previous close
$224.92
Volume
1.34M
0.63× average
Average volume
2.12M
Average daily volume
Market cap
89.56B USD
Beta
0.44
Market reference 1
50-day average
$227.87
-1.67% below average
200-day average
$224.35
-0.13% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
111.18B USD
P/E (TTM)
31.6×
P/B (TTM)
9.08×
P/S (TTM)
3.49×
EV / EBITDA
15.44×
Earnings yield
3.06%
Free cash flow yield
3.18%
Dividend yield
1.58%

Profitability & efficiency

Gross margin
35.04%
Operating margin
18.54%
Net margin
11.12%
Return on equity
27.11%
Return on assets
5.91%
Return on invested capital
8.88%

Financial health

Debt / equity
2.35×
Current ratio
0.89×

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends31%23%16%8%Gross margin, FY2021: 26.89%Gross margin, FY2022: 27.24%Gross margin, FY2023: 28.15%Gross margin, FY2024: 29.07%Gross margin, FY2025: 29.08%Operating margin, FY2021: 16.78%Operating margin, FY2022: 17.45%Operating margin, FY2023: 18.72%Operating margin, FY2024: 18.81%Operating margin, FY2025: 18.28%Net margin, FY2021: 10.13%Net margin, FY2022: 11.36%Net margin, FY2023: 11.28%Net margin, FY2024: 12.45%Net margin, FY2025: 10.74%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 26.89%. Gross margin FY2022 27.24%. Gross margin FY2023 28.15%. Gross margin FY2024 29.07%. Gross margin FY2025 29.08%. Operating margin FY2021 16.78%. Operating margin FY2022 17.45%. Operating margin FY2023 18.72%. Operating margin FY2024 18.81%. Operating margin FY2025 18.28%. Net margin FY2021 10.13%. Net margin FY2022 11.36%. Net margin FY2023 11.28%. Net margin FY2024 12.45%. Net margin FY2025 10.74%.

Income trends

Revenue

25.2B USD+14.24%

Operating income

4.61B USD+11.04%

Net income

2.71B USD-1.38%
Income trends across reported periods27.54B USD18.19B USD8.83B USD−522.8M USDRevenue, FY2021: 17.93B USDRevenue, FY2022: 19.7B USDRevenue, FY2023: 20.43B USDRevenue, FY2024: 22.06B USDRevenue, FY2025: 25.2B USDOperating income, FY2021: 3.01B USDOperating income, FY2022: 3.44B USDOperating income, FY2023: 3.82B USDOperating income, FY2024: 4.15B USDOperating income, FY2025: 4.61B USDNet income, FY2021: 1.82B USDNet income, FY2022: 2.24B USDNet income, FY2023: 2.3B USDNet income, FY2024: 2.75B USDNet income, FY2025: 2.71B USDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 17.93B USD. Revenue FY2022 19.7B USD. Revenue FY2023 20.43B USD. Revenue FY2024 22.06B USD. Revenue FY2025 25.2B USD. Operating income FY2021 3.01B USD. Operating income FY2022 3.44B USD. Operating income FY2023 3.82B USD. Operating income FY2024 4.15B USD. Operating income FY2025 4.61B USD. Net income FY2021 1.82B USD. Net income FY2022 2.24B USD. Net income FY2023 2.3B USD. Net income FY2024 2.75B USD. Net income FY2025 2.71B USD.
Metric (USD)FY2025FY2024FY2023FY2022FY2021
Revenue25.2B USD22.06B USD20.43B USD19.7B USD17.93B USD
Cost of goods sold17.88B USD15.65B USD14.68B USD14.33B USD13.11B USD
Gross profit7.33B USD6.41B USD5.75B USD5.37B USD4.82B USD
Selling, general, and administrative2.72B USD2.26B USD1.93B USD1.93B USD1.81B USD
Operating expenses2.72B USD2.26B USD1.93B USD1.93B USD1.81B USD
Interest expense912M USD598M USD500M USD378M USD365M USD
Depreciation and amortization2.86B USD2.4B USD2.2B USD2.15B USD2.11B USD
Operating income4.61B USD4.15B USD3.82B USD3.44B USD3.01B USD
Net income2.71B USD2.75B USD2.3B USD2.24B USD1.82B USD

Company facts updated Aug 24, 2026.

Earnings

Latest fiscal-year EPS
6.7
FY2025 · -1.62% year over year
Latest fiscal-year revenue
25.2B USD
FY2025 · +14.24% year over year

Annual EPS trend

Reported history and fiscal-year consensus

ReportedConsensus forecast
Annual EPS trend7.066.055.054.04FY21FY22FY23FY24FY25

Annual revenue trend

Reported history and fiscal-year consensus

ReportedConsensus forecast
Annual revenue trend25.93B23.02B20.11B17.2BFY21FY22FY23FY24FY25

Analyst ratings

Third-party consensus; not a GoAI recommendation.

Rating distribution

35 ratings
Strong buy00%
Buy2057%
Hold1543%
Sell00%
Strong sell00%

Recent analyst actions

12 institutions

WM news

Corporate actions

Annual dividends per share

Cash distributions grouped by calendar year; partial years are marked.

$3.30

2025 complete year+43.5% since 2021

2026 partial: $1.89

* Partial calendar year in the available dividend history.

Corporate action history

Dividend

Ex-dividend Jun 5, 2026

$0.945

Quarterly

Record Jun 5, 2026 · Payment Jun 18, 2026

Dividend

Ex-dividend Mar 13, 2026

$0.945

Quarterly

Record Mar 13, 2026 · Payment Mar 27, 2026

Dividend

Ex-dividend Dec 5, 2025

$0.825

Quarterly

Record Dec 5, 2025 · Payment Dec 19, 2025

Dividend

Ex-dividend Sep 12, 2025

$0.825

Quarterly

Record Sep 12, 2025 · Payment Sep 26, 2025

Dividend

Ex-dividend Jun 6, 2025

$0.825

Quarterly

Record Jun 6, 2025 · Payment Jun 20, 2025

Dividend

Ex-dividend Mar 14, 2025

$0.825

Quarterly

Record Mar 14, 2025 · Payment Mar 28, 2025

WM peers

ETFs holding WM

Funds reporting this stock among their holdings, ordered by reported position size.

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