WASTE MANAGEMENT INC WM

Utilities SIC 4953 - Refuse Systems NAICS Administrative and Support and Waste Management and Remediation Services › Waste Management and Remediation Services › Waste Treatment and Disposal derived NYSE

Waste Management, Inc. is a holding company and all operations are conducted by its subsidiaries. When the terms "the Company," "we," "us" or "our" are used in this document, those terms refer to Waste Management, Inc., together with its consolidated subsidiaries and consolidated variable interest entities. When we use the term "WMI," we are referring only to Waste Management, Inc., the parent holding company.

WMI was incorporated in Oklahoma in 1987 under the name "USA Waste Services, Inc." and was reincorporated as a Delaware company in 1995. In a 1998 merger, the Illinois-based waste services company formerly known as Waste Management, Inc. became a wholly-owned subsidiary of WMI and changed its name to Waste Management Holdings, Inc. ("WM Holdings"). At the same time, our parent holding company changed its name from USA Waste Services to Waste Management, Inc. Like WMI, WM Holdings is a holding company and all operations are conducted by subsidiaries.

Last close 239.38 2026-10-23
Market cap $95.68B 2026-06-30 share count
52-week range 194.11 - 248.13

Valuation FY2025 figures against the last close

P/S3.8x
P/E35.7x
P/FCF34.0x
EV/EBITDA13.4x
Dividend yield1.4%
Diluted EPS6.70

Where the revenue comes from as reported in the latest 10-K

Revenue by geography

  • US
  • Canada
  • Western Europe and other
Revenue by geography, 3 categories over 1 years. The same figures are in the table below. FY2025 US, FY2025: 23.9B (94.9%) 95% US Canada, FY2025: 967M (3.8%) 4% Western Europe and other, FY2025: 326M (1.3%)
Region FY2025
US $23.91B
Canada $967.0M
Western Europe and other $326.0M

As the company reported it, from the “Segment and Related Information - Geographical (Detail)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Regions are the filer's own and are not mapped onto a standard list — one company's “Americas” and another's “United States” are different areas, and making them look comparable would mean making at least one of them wrong. Slices under 1% are folded into “Other”.

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $25.20B$22.06B$20.43B$19.70B$17.93B$15.22B$15.46B$14.91B$14.48B$13.61B
Cost of revenue $15.01B$13.38B$12.61B$12.29B$11.11B$9.34B$9.50B$9.25B$9.02B$8.49B
Gross profit $10.19B$8.68B$7.82B$7.40B$6.82B$5.88B$5.96B$5.67B$5.46B$5.12B
SG&A $2.72B$2.26B$1.93B$1.94B$1.86B$1.73B$1.63B$1.45B$1.47B$1.41B
Total operating expenses $20.90B$18.00B$16.85B$16.33B$14.97B$12.78B$12.75B$12.12B$11.85B$11.31B
Operating income $4.31B$4.06B$3.58B$3.37B$2.96B$2.43B$2.71B$2.79B$2.64B$2.30B
Pre-tax income $3.43B$3.46B$3.02B$2.92B$2.35B$1.89B$2.10B$2.38B$2.19B$1.82B
Income tax $717.0M$713.0M$745.0M$678.0M$532.0M$397.0M$434.0M$453.0M$242.0M$642.0M
Net income $2.71B$2.75B$2.30B$2.24B$1.82B$1.50B$1.67B$1.93B$1.95B$1.18B
EPS, basic 6.726.845.695.424.323.543.934.494.442.66
EPS, diluted 6.706.815.665.394.293.523.914.454.412.65
Shares, diluted (wtd. avg.) 404.2M403.4M406.9M415.0M422.9M425.1M427.5M432.2M441.9M446.5M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $201.0M$414.0M$458.0M$445.0M$194.0M$648.0M$3.65B$183.0M$293.0M$94.0M
Receivables $3.44B$3.27B$2.63B$2.46B$2.28B$2.10B$1.95B$1.93B$1.80B$1.70B
Total current assets $4.91B$4.77B$3.80B$3.55B$3.07B$3.54B$6.21B$2.65B$2.69B$2.38B
Property, plant and equipment ——————$12.89B$11.94B$11.56B$10.95B
Goodwill $13.88B$13.44B$9.25B$9.32B$9.03B$8.99B$6.53B$6.43B$6.25B$6.21B
Other intangibles $3.77B$4.19B$759.0M$827.0M$898.0M$1.02B$521.0M$572.0M$547.0M$591.0M
Total assets $45.84B$44.57B$32.82B$31.37B$29.10B$29.34B$27.74B$22.65B$21.83B$20.86B
Accounts payable $1.87B$2.05B$1.71B$1.77B$1.38B$1.12B$1.06B$1.04B$1.04B$799.0M
Short-term debt $711.0M$1.36B$334.0M$414.0M$708.0M$551.0M$218.0M$432.0M$739.0M$417.0M
Total current liabilities $5.52B$6.26B$4.23B$4.39B$4.08B$3.55B$3.14B$3.11B$3.26B$2.79B
Total liabilities $35.84B$36.31B$25.93B$24.50B$21.97B$21.89B$20.67B$16.37B$15.79B$15.54B
Retained earnings $17.23B$15.86B$14.33B$13.17B$12.00B$11.16B$10.59B$9.80B$8.59B$7.39B
Total equity $9.99B$8.25B$6.90B$6.86B$7.13B$7.45B$7.07B$6.28B$6.04B$5.32B

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $6.04B$5.39B$4.72B$4.54B$4.34B$3.40B$3.87B$3.57B$3.18B$3.00B
Depreciation and amortisation $2.86B$2.27B$2.07B$2.04B$2.00B$1.67B$1.57B$1.48B$1.38B$1.30B
Stock-based compensation $169.0M$118.0M$93.0M$84.0M$108.0M$94.0M$86.0M$89.0M$101.0M$90.0M
Capital expenditure $3.23B$3.23B$2.90B$2.59B$1.90B$1.58B$1.81B$1.67B$1.57B$1.35B
Investing cash flow -$3.57B-$10.60B-$3.09B-$3.06B-$1.89B-$4.85B-$2.38B-$2.17B-$1.62B-$1.93B
Financing cash flow -$2.67B$5.16B-$1.52B-$1.22B-$2.90B-$1.56B$1.96B-$1.51B-$1.36B-$1.08B
Dividends paid $1.33B$1.21B$1.14B$1.08B$970.0M$927.0M$876.0M$802.0M$750.0M$726.0M
Buybacks —$262.0M$1.30B$1.50B$1.35B$402.0M$248.0M$1.00B$750.0M$725.0M

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001104659-26-012049.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. 0 10B 20B 30B Revenue, FY2016: 13.6B Gross profit, FY2016: 5.1B Net income, FY2016: 1.2B Revenue, FY2017: 14.5B Gross profit, FY2017: 5.5B Net income, FY2017: 1.9B Revenue, FY2018: 14.9B Gross profit, FY2018: 5.7B Net income, FY2018: 1.9B Revenue, FY2019: 15.5B Gross profit, FY2019: 6B Net income, FY2019: 1.7B Revenue, FY2020: 15.2B Gross profit, FY2020: 5.9B Net income, FY2020: 1.5B Revenue, FY2021: 17.9B Gross profit, FY2021: 6.8B Net income, FY2021: 1.8B Revenue, FY2022: 19.7B Gross profit, FY2022: 7.4B Net income, FY2022: 2.2B Revenue, FY2023: 20.4B Gross profit, FY2023: 7.8B Net income, FY2023: 2.3B Revenue, FY2024: 22.1B Gross profit, FY2024: 8.7B Net income, FY2024: 2.7B Revenue, FY2025: 25.2B Gross profit, FY2025: 10.2B Net income, FY2025: 2.7B FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $13.61B $14.48B $14.91B $15.46B $15.22B $17.93B $19.70B $20.43B $22.06B $25.20B
Gross profit $5.12B $5.46B $5.67B $5.96B $5.88B $6.82B $7.40B $7.82B $8.68B $10.19B
Net income $1.18B $1.95B $1.93B $1.67B $1.50B $1.82B $2.24B $2.30B $2.75B $2.71B

Recent filings and events

  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Officer or director change Item 5.02
  • Results announced Item 2.02
  • Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
  • Officer or director change Item 5.02
  • Officer or director change Item 5.02
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Results announced Item 2.02
  • Benefit plan trading suspension Employees temporarily cannot trade the shares inside a company plan. Item 5.04

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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OIO OIO Group — — —