
Waste Management, Inc.
NYSE•WM
CEO: Mr. James C. Fish Jr.
Sector: Industrials
Industry: Waste Management
Listing Date: 1988-06-22
Waste Management, Inc., through its subsidiaries, engages in the provision of environmental solutions to residential, commercial, industrial, and municipal customers in the United States and Canada. It offers collection services, including picking up and transporting waste and recyclable materials from where it was generated to a transfer station, material recovery facility (MRF), or disposal site; and owns and operates transfer stations, as well as owns, develops, and operates landfill facilities that produce landfill gas used as renewable natural gas for generating electricity. As of December 31, 2022, the company owned or operated 254 solid waste landfills, five secure hazardous waste landfills, 97 MRFs, and 337 transfer stations. It also provides materials processing and commodities recycling services at its MRFs, where cardboard, paper, glass, metals, plastics, construction and demolition materials, and other recycling commodities are recovered for resale or redirected for other purposes; recycling brokerage services, such as managing the marketing of recyclable materials for third parties; and other strategic business solutions. In addition, the company offers construction and remediation services; services related with the disposal of fly ash, and residue generated from the combustion of coal and other fuel stocks; in-plant services comprising full-service waste management solutions and consulting services; and specialized disposal services for oil and gas exploration and production operations. The company was formerly known as USA Waste Services, Inc. and changed its name to Waste Management, Inc. in 1998. Waste Management, Inc. was incorporated in 1987 and is headquartered in Houston, Texas.
Contact Information
Market Cap
$88.05B
P/E (TTM)
34.4
52.9
Dividend Yield
1.5%
52W High
$242.58
52W Low
$194.11
52W Range
Rank15Top 3.1%
6.6
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Strong • 6.6 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2016-2025
Financial Dashboard
Q3 2025 Data
Revenue
$6.44B+14.87%
4-Quarter Trend
EPS
$1.50-20.64%
4-Quarter Trend
FCF
$816.00M+41.42%
4-Quarter Trend
2025 Q3 Earnings Highlights
Key Highlights
Revenue Rises Post-Acquisition Net Operating Revenues reached $18.89B, up 16.8% for nine months, driven by Stericycle acquisition and yield growth.
Operating Cash Flow Strengthens Net cash provided by operations was $4.345B for nine months, increasing $466M from prior year period due to higher earnings.
Free Cash Flow Increased Free cash flow totaled $2.114B for nine months, up $252M, reflecting strong operations partially offset by capital investment.
Healthcare Segment Integration Progress New WM Healthcare Solutions segment established post-Stericycle acquisition, focusing on integration and synergy capture efforts.
Risk Factors
Income Declines Despite Revenue Income from operations fell 11.6% to $989M for Q3 2025, impacted by $208M in impairment and restructuring charges.
Recycling Segment Impairment $152M impairment charge recorded due to severe deterioration in market pricing and demand for post-consumer plastics.
Integration Costs Increase SG&A SG&A expenses rose $140M in Q3 2025, primarily due to consulting and technology costs supporting Stericycle integration.
Commodity Price Volatility Risk Recycling revenues decreased $72M in Q3 2025 due to nearly 35% decline in single-stream recycled commodity prices.
Outlook
Resume Share Repurchases Expect to resume common stock repurchases in Q2 2026 once leverage returns to targeted levels following acquisition financing.
Automation Drives Efficiency Focus remains on investing in automation to improve operational efficiency and reduce labor dependency across collection units.
Tax Legislation Evaluation Ongoing Evaluating new tax law provisions; expect beneficial impact to 2025 cash taxes from reinstatement of bonus depreciation.
Sustainability Growth Investments Continue investing in Recycling Processing and WM Renewable Energy segments to advance sustainability leadership position.
Peer Comparison
Revenue (TTM)
GD$51.51B
NOC$40.93B
MMM$24.83B
Gross Margin (Latest Quarter)
EMR51.9%
CTAS50.4%
MMM41.8%
Key Metrics
Symbol | Market Cap | P/E (TTM) | ROE (TTM) | Debt to Assets |
|---|---|---|---|---|
| PH | $118.67B | 32.3 | 27.0% | 33.7% |
| GD | $97.35B | 23.0 | 18.3% | 17.7% |
| NOC | $89.82B | 22.4 | 26.0% | 7.4% |
Long-Term Trends
Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
3.0%
Moderate Growth
4Q Net Income CAGR
0.3%
Profitability Slowly Improving
Cash Flow Stability
100%
Strong Cash Flow
Research & Insights
Next earnings:Jan 28, 2026
EPS:$1.95
|Revenue:$6.39B
Reports
All Years
Form 10-Q - Q3 2025
Period End: Sep 30, 2025|Filed: Oct 28, 2025|Revenue: $6.44B+14.9%|EPS: $1.50-20.6%MissForm 10-Q - Q2 2025
Period End: Jun 30, 2025|Filed: Jul 29, 2025|Revenue: $6.43B+19.0%|EPS: $1.80+6.5%MissForm 10-Q - Q1 2025
Period End: Mar 31, 2025|Filed: Apr 29, 2025|Revenue: $6.02B+16.7%|EPS: $1.58-10.2%MeetForm 10-K - FY 2024
Period End: Dec 31, 2024|Filed: Feb 19, 2025|Revenue: $22.06B+8.0%|EPS: $6.84+20.2%MissForm 10-Q - Q3 2024
Period End: Sep 30, 2024|Filed: Oct 28, 2024|Revenue: $5.61B+7.9%|EPS: $1.89+15.2%MeetForm 10-Q - Q2 2024
Period End: Jun 30, 2024|Filed: Jul 25, 2024|Revenue: $5.40B+5.5%|EPS: $1.69+11.2%MissForm 10-Q - Q1 2024
Period End: Mar 31, 2024|Filed: Apr 25, 2024|Revenue: $5.16B+5.5%|EPS: $1.76+34.4%BeatForm 10-K - FY 2023
Period End: Dec 31, 2023|Filed: Feb 13, 2024|Revenue: $20.43B+3.7%|EPS: $5.69+5.0%Miss