WM · Waste Management Inc - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $6.23B | - | $6.44B | $6.43B | $6.02B | - | $5.61B | $5.40B | $5.16B | - |
| Cost of Revenue | $3.69B | - | $3.83B | $3.84B | $3.65B | - | $3.40B | $3.29B | $3.14B | - |
| Gross Profit | $2.53B | - | $2.61B | $2.59B | $2.37B | - | $2.21B | $2.11B | $2.02B | - |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | $707.00M | - | $665.00M | $696.00M | $687.00M | - | $525.00M | $501.00M | $491.00M | - |
| Total Operating Expenses | $5.11B | - | $5.45B | $5.28B | $5.00B | - | $4.49B | $4.39B | $4.14B | - |
| D&A | $735.00M | - | $729.00M | $708.00M | $656.00M | - | $558.00M | $543.00M | $514.00M | - |
| Operating Income | $1.11B | - | $989.00M | $1.15B | $1.01B | - | $1.12B | $1.01B | $1.02B | - |
| Interest Expense | - | - | - | - | - | - | - | - | - | - |
| Income Tax | $168.00M | - | $172.00M | $201.00M | $151.00M | - | $235.00M | $214.00M | $162.00M | - |
| Net Income | $723.00M | - | $603.00M | $726.00M | $637.00M | - | $760.00M | $680.00M | $708.00M | - |
| EPS - Basic | $1.79 | - | $1.50 | $1.80 | $1.58 | - | $1.89 | $1.70 | $1.76 | - |
| EPS - Diluted | $1.79 | - | $1.49 | $1.80 | $1.58 | - | $1.88 | $1.69 | $1.75 | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $158.00M | $201.00M | $175.00M | $440.00M | $216.00M | $414.00M | $614.00M | $172.00M | $322.00M | $458.00M |
| Accounts Receivable | $3.37B | $3.44B | $3.40B | $3.41B | $3.26B | $3.27B | $2.84B | $2.73B | $2.53B | $2.63B |
| Inventory | - | - | - | - | - | - | - | - | - | - |
| Accounts Payable | $1.80B | $1.87B | $2.08B | $2.02B | $1.90B | $2.05B | $1.85B | $1.78B | $1.62B | $1.71B |
| Current Assets | $4.81B | $4.91B | $4.84B | $4.98B | $4.46B | $4.77B | $4.26B | $4.44B | $3.53B | $3.80B |
| Total Assets | $45.70B | $45.84B | $45.61B | $45.72B | $44.49B | $44.57B | $34.73B | $34.00B | $32.67B | $32.82B |
| Current Liabilities | $5.15B | $5.52B | $5.74B | $5.82B | $5.35B | $6.26B | $4.78B | $4.14B | $3.95B | $4.23B |
| Long-term Debt | - | - | - | - | - | - | - | - | - | - |
| Total Liabilities | $35.68B | $35.84B | $36.09B | $36.52B | $35.84B | $36.31B | $26.76B | $26.55B | $25.59B | $25.93B |
| Stockholders' Equity | $10.02B | $9.99B | $9.52B | $9.20B | $8.65B | $8.25B | $7.98B | $7.46B | $7.08B | $6.90B |
| Retained Earnings | $17.57B | $17.23B | $16.82B | $16.55B | $16.16B | $15.86B | $15.56B | $15.10B | $14.74B | $14.33B |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $1.50B | - | - | - | $1.21B | - | - | - | $1.37B | - |
| Investing Cash Flow | ($731.00M) | - | - | - | ($829.00M) | - | - | - | ($755.00M) | - |
| Financing Cash Flow | ($821.00M) | - | - | - | ($536.00M) | - | - | - | ($737.00M) | - |
| CapEx | $650.00M | - | - | - | $831.00M | - | - | - | $668.00M | - |
| Free Cash Flow | $851.00M | - | - | - | $377.00M | - | - | - | $699.00M | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | 40.7% | - | 40.5% | 40.3% | 39.4% | - | 39.4% | 39.1% | 39.1% | - |
| Operating margin | 17.9% | - | 15.3% | 17.9% | 16.8% | - | 20.0% | 18.7% | 19.7% | - |
| EBITDA margin | 29.7% | - | 26.7% | 28.9% | 27.7% | - | 29.9% | 28.7% | 29.7% | - |
| Net margin | 11.6% | - | 9.4% | 11.3% | 10.6% | - | 13.5% | 12.6% | 13.7% | - |
| Free cash flow margin | 13.7% | - | - | - | 6.3% | - | - | - | 13.5% | - |
| FCF / Net income | 1.18 | - | - | - | 0.59 | - | - | - | 0.99 | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | 11.4% | - | 10.3% | 10.8% | 11.4% | - | 9.4% | 9.3% | 9.5% | - |
| Effective tax rate | 18.9% | - | 22.2% | 21.7% | 19.2% | - | 23.6% | 23.9% | 18.6% | - |
| Return on assets | 1.6% | - | 1.3% | 1.6% | 1.4% | - | 2.2% | 2.0% | 2.2% | - |
| Return on equity | 7.2% | - | 6.3% | 7.9% | 7.4% | - | 9.5% | 9.1% | 10.0% | - |
| Return on invested capital | - | - | - | - | - | - | - | - | - | - |
| Liquidity | ||||||||||
| Current ratio | 0.93 | 0.89 | 0.84 | 0.86 | 0.83 | 0.76 | 0.89 | 1.07 | 0.89 | 0.90 |
| Quick ratio | 0.93 | 0.89 | 0.84 | 0.86 | 0.83 | 0.76 | 0.89 | 1.07 | 0.89 | 0.90 |
| Cash ratio | 0.03 | 0.04 | 0.03 | 0.08 | 0.04 | 0.07 | 0.13 | 0.04 | 0.08 | 0.11 |
| Leverage | ||||||||||
| Debt / Equity | - | - | - | - | - | - | - | - | - | - |
| Debt / Assets | - | - | - | - | - | - | - | - | - | - |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Interest coverage | - | - | - | - | - | - | - | - | - | - |
| Equity multiplier | 4.56 | 4.59 | 4.79 | 4.97 | 5.14 | 5.40 | 4.35 | 4.56 | 4.61 | 4.75 |
| Liabilities / Assets | 0.78 | 0.78 | 0.79 | 0.80 | 0.81 | 0.81 | 0.77 | 0.78 | 0.78 | 0.79 |
| Efficiency | ||||||||||
| Asset turnover | 0.14 | - | 0.14 | 0.14 | 0.14 | - | 0.16 | 0.16 | 0.16 | - |
| Inventory turnover | - | - | - | - | - | - | - | - | - | - |
| Days sales outstanding | 198d | - | 192d | 193d | 198d | - | 185d | 184d | 179d | - |
| Days inventory outstanding | - | - | - | - | - | - | - | - | - | - |
| Days payable outstanding | 178d | - | 198d | 193d | 190d | - | 199d | 198d | 188d | - |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | 128.4x | - | 148.2x | 127.1x | 146.5x | - | 110.4x | 126.2x | 121.8x | - |
| P / B | 9.3x | - | 9.4x | 10.1x | 10.8x | - | 10.5x | 11.5x | 12.1x | - |
| P / S | 14.9x | - | 13.9x | 14.4x | 15.5x | - | 14.9x | 15.9x | 16.7x | - |
| EV / EBITDA | 50.2x | - | 51.9x | 49.5x | 55.9x | - | 49.5x | 55.3x | 56.0x | - |
| Growth | ||||||||||
| Revenue growth (YoY) | 3.5% | - | 14.9% | 19.0% | 16.7% | - | 7.9% | 5.5% | 5.5% | - |
| Revenue CAGR (3y) | 8.4% | - | 8.3% | 8.6% | 8.9% | - | 6.3% | 6.5% | 7.9% | - |
| Revenue CAGR (5y) | 8.7% | - | 10.8% | 12.5% | 10.0% | - | 7.2% | 6.5% | 6.9% | - |
| Gross profit growth (YoY) | 6.8% | - | 18.1% | 22.7% | 17.4% | - | 10.0% | 9.2% | 11.8% | - |
| Operating income growth (YoY) | 9.9% | - | -11.6% | 14.1% | -0.3% | - | 9.6% | 6.9% | 23.2% | - |
| Net income growth (YoY) | 13.5% | - | -20.7% | 6.8% | -10.0% | - | 14.6% | 10.6% | 32.8% | - |
| EPS growth (YoY) | 13.3% | - | -20.7% | 6.5% | -9.7% | - | 15.3% | 11.9% | 34.6% | - |
| EPS CAGR (3y) | 11.3% | - | -1.1% | 8.5% | 8.7% | - | 13.7% | 26.7% | 20.9% | - |
| EPS CAGR (5y) | 12.6% | - | 10.1% | 20.1% | 13.2% | - | 10.1% | 13.7% | 16.7% | - |
| FCF growth (YoY) | 125.7% | - | - | - | -46.1% | - | - | - | 82.0% | - |
| FCF CAGR (5y) | 0.0% | - | - | - | 4.3% | - | - | - | 10.8% | - |
| Book value growth (YoY) | 15.8% | 21.1% | 19.3% | 23.4% | 22.1% | 19.5% | 14.8% | 7.9% | 4.2% | 0.8% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Business segments
$45.91B totalCollection And Disposal$20.70B · 45.1%
East Tier Region Areas$9.04B · 19.7%
West Tier Region Areas$8.72B · 19.0%
All Other Segments$2.95B · 6.4%
Healthcare Solutions$2.51B · 5.5%
Recycling Processing And Sales$1.49B · 3.2%
Renewable Energy Segment$478.00M · 1.0%
Corporate And Other$22.00M · 0.0%
Product / service
$61.33B totalCollection And Disposal$20.70B · 33.8%
Collection$15.42B · 25.1%
Commercial$5.63B · 9.2%
Landfill$3.78B · 6.2%
Residential$3.51B · 5.7%
Other Collection$3.17B · 5.2%
Industrial$3.11B · 5.1%
Healthcare Solutions$2.51B · 4.1%
Transfer$1.50B · 2.4%
Recycling Processing And Sales$1.49B · 2.4%
Renewable Energy Segment$478.00M · 0.8%
Service Other$22.00M · 0.0%
Geographic
$25.20B totalUS$23.91B · 94.9%
CA$967.00M · 3.8%
Western Europe And Other Countries$326.00M · 1.3%
Peer comparison
Same SIC group: Refuse Systems
Comparing WASTE MANAGEMENT INC against the 5 most active filers in the same SIC group.
Dividends
$3.42/share trailing 12 months · +11.2% YoY
| Ex-date | Per share |
|---|---|
| Mar 13, 2026 | $0.9450 |
| Dec 5, 2025 | $0.8250 |
| Sep 12, 2025 | $0.8250 |
| Jun 6, 2025 | $0.8250 |
| Mar 14, 2025 | $0.8250 |
| Dec 6, 2024 | $0.7500 |
| Sep 13, 2024 | $0.7500 |
| Jun 7, 2024 | $0.7500 |
| Mar 14, 2024 | $0.7500 |
| Nov 30, 2023 | $0.7000 |
| Sep 7, 2023 | $0.7000 |
| Jun 1, 2023 | $0.7000 |
| Mar 9, 2023 | $0.7000 |
| Dec 1, 2022 | $0.6500 |
| Sep 8, 2022 | $0.6500 |
| Jun 2, 2022 | $0.6500 |
| Mar 16, 2022 | $0.6500 |
| Dec 2, 2021 | $0.5750 |
| Sep 2, 2021 | $0.5750 |
| Jun 3, 2021 | $0.5750 |
| Mar 11, 2021 | $0.5750 |
| Dec 3, 2020 | $0.5450 |
| Sep 3, 2020 | $0.5450 |
| Jun 4, 2020 | $0.5450 |