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Waste Management WM

US equityMarket cap rank #195
$208.00
+$0.12 (+0.06%)
Market open · Sep 24, 2:00 pm ET
After hours $208.25 +0.18%
Open$208.88
Prev close$207.88
Day range$207.59 – $210.24
Volume846.5K
Market cap$83.14B
P/E (TTM)29.4
Dividend yield1.70%

Fundamentals

Latest reported quarter: Q2, ended Jun 2026

Revenue$6.68B+4.0% YoY
Operating profit$1.27B+6.9% YoY
Net profit$786.00M+8.1% YoY
Diluted EPS$1.95+8.3% YoY
Free cash flow$1.10B+34.8% YoY
Operating cash flow$1.73B

Revenue, last 8 quarters

$5.6BSep '24$5.9BDec '24$6.0BMar '25$6.4BJun '25$6.4BSep '25$6.3BDec '25$6.2BMar '26$6.7BJun '26

Net profit, last 8 quarters

$760.0MSep '24$598.0MDec '24$637.0MMar '25$727.0MJun '25$603.0MSep '25$742.0MDec '25$723.0MMar '26$786.0MJun '26

Diluted EPS by quarter

1.88Sep '241.48Dec '241.58Mar '251.80Jun '251.49Sep '251.83Dec '251.79Mar '261.95Jun '26

Free cash flow by quarter

$577.0MSep '24$396.0MDec '24$377.0MMar '25$813.0MJun '25$816.0MSep '25$810.0MDec '25$851.0MMar '26$1.1BJun '26

Annual revenue

$15.2BFY20$17.9BFY21$19.7BFY22$20.4BFY23$22.1BFY24$25.2BFY25

Profitability & balance sheet

Gross margin40.6%
Operating margin18.5%
Net margin11.1%
Return on equity29.8%
Return on assets6.2%
Return on invested capital10.7%
Current ratio0.91
Liabilities / assets78.6%
Cash & investments$557.00M
Total debt$23.36B
Net cash (debt)-$22.80B
Free cash flow / sales13.9%

Where the revenue comes from

Quarter 2026/Q2

By business line

  • East Tier$3.07B 37.5%
  • West Tier$2.87B 35.1%
  • Other Ancillary$840.00M 10.3%
  • Healthcare Solutions$742.00M 9.1%
  • Recycling Processing and Sales$491.00M 6.0%
  • Renewable energy$157.00M 1.9%
  • Corporate and Other$15.00M 0.2%

Income statement

Line item 2026 Q2 2026 Q1 2025 ANNUAL 2025 Q4 2025 Q3
Total Revenue as Reported $6.68B $6.23B $25.20B $6.31B $6.44B
Total Operating Revenue $6.68B $6.23B $25.20B $6.31B $6.44B
Cost of Revenue $3.96B $3.69B $15.01B $3.69B $3.83B
Gross Profit $2.73B $2.53B $10.19B $2.62B $2.61B
Operating Expense $1.46B $1.44B $5.59B $1.44B $1.39B
Selling and Admin Expenses $643.00M $678.00M $2.63B $642.00M $647.00M
-General & Admin Expense $643.00M $678.00M $2.63B $642.00M $647.00M
Depreciation & Amortization & Depletion $738.00M $696.00M $2.86B $770.00M $729.00M
-Depreciation & Amortization $508.00M $504.00M $2.86B $1.40B $502.00M
-Depletion $230.00M $192.00M – – $227.00M
Asset Impairment Loss $40.00M $29.00M $93.00M $32.00M $18.00M
Other Operating Expenses $39.00M $39.00M – – –
Operating Profit $1.27B $1.09B $4.61B $1.18B $1.22B
Net Non-Operating Interest Income (Expense) -$233.00M -$225.00M -$912.00M -$223.00M -$225.00M
Non-Operating Interest Expense $233.00M $225.00M $912.00M $223.00M $225.00M
Other Income (Expense) -$12.00M $25.00M -$269.00M -$18.00M -$216.00M
Special Income (Charges) -$16.00M $22.00M -$299.00M -$21.00M -$227.00M
-Less:Restructuring and Mergern & Acquisition $6.00M $4.00M $51.00M $12.00M $14.00M
-Gain on Sale Of Business -$10.00M $26.00M $0.00 $239.00M -$213.00M
Other Non-Operating Income (Expenses) $4.00M $3.00M $20.00M $4.00M $7.00M
Pretax Profit $1.02B $891.00M $3.43B $935.00M $775.00M
Tax $238.00M $168.00M $717.00M $193.00M $172.00M
Net Profit $786.00M $723.00M $2.71B $742.00M $603.00M
Profit from Continuing Operations $786.00M $723.00M $2.71B $742.00M $603.00M
Minority Interests $1.00M $0.00 $1.00M $0.00 $0.00
Net Income to Parent Company $785.00M $723.00M $2.71B $742.00M $603.00M
Net Income to Common Stockholders $785.00M $723.00M $2.71B $742.00M $603.00M
Basic EPS $1.96 $1.79 $6.72 $1.84 $1.50
Diluted EPS $1.95 $1.79 $6.70 $1.83 $1.49
Dividend Per Share $0.95 $0.95 $3.30 $0.83 $0.83
Earnings from Equity Interest – – $10.00M -$1.00M $4.00M
-Less:Impairment of Capital Assets – – $232.00M – –
-Less:Other Special Charges – – $16.00M – –

Balance sheet

Line item 2026 Q2 2026 Q1 2025 ANNUAL 2025 Q4 2025 Q3
Total Assets $46.44B $45.70B $45.84B $45.84B $45.61B
Total Current Assets $5.40B $4.81B $4.91B $4.91B $4.84B
Cash and Cash Equivalents & Short-Term Investments $557.00M $158.00M $201.00M $201.00M $175.00M
-Cash and Cash Equivalents $557.00M $158.00M $201.00M $201.00M $175.00M
Receivables $4.21B $3.96B $4.06B $4.06B $4.02B
-Accounts Receivable $3.50B $3.37B $3.44B $3.44B $3.40B
-Other Receivables $711.00M $592.00M $620.00M $620.00M $620.00M
Inventory $232.00M $235.00M $225.00M $225.00M $223.00M
Other Current Assets $402.00M $451.00M $429.00M $429.00M $424.00M
Total Non-Current Assets $41.04B $40.89B $40.93B $40.93B $40.77B
Net PPE $20.44B $20.34B $20.38B $20.38B $20.07B
-Gross PPE $45.87B $45.79B $45.47B $45.47B $44.85B
-Accumulated Depreciation -$25.43B -$25.45B -$25.10B -$25.10B -$24.78B
Investments and Advances $738.00M $756.00M $779.00M $779.00M $791.00M
-Long Term Equity Investment $738.00M $756.00M $779.00M $779.00M $791.00M
Goodwill and Other Intangible Assets $17.64B $17.54B $17.65B $17.65B $17.77B
-Goodwill $14.00B $13.87B $13.88B $13.88B $13.89B
-Other Intangible Assets $3.64B $3.66B $3.77B $3.77B $3.87B
Other Non-Current Assets $2.22B $2.26B $2.12B $2.12B $2.14B
Total Liabilities $36.52B $35.68B $35.84B $35.84B $36.09B
Total Current Liabilities $5.95B $5.15B $5.52B $5.52B $5.74B
Payables $1.99B $1.80B $1.87B $1.87B $2.08B
-Accounts Payable $1.99B $1.80B $1.87B $1.87B $2.08B
Current Accrued Expenses $2.11B $1.94B $2.21B $2.21B $2.08B
Short-Term Debt and Capital Lease Obligation $1.08B $641.00M $711.00M $711.00M $880.00M
-Current Debt $1.08B $641.00M $711.00M $711.00M $880.00M
Current Deferred Liabilities $767.00M $764.00M $735.00M $735.00M $698.00M
Total Non-Current Liabilities $30.57B $30.53B $30.32B $30.32B $30.35B
Long Term Debt and Capital Lease Obligation $22.28B $22.25B $22.20B $22.20B $22.48B
-Long Term Debt $22.28B $22.25B $22.20B $22.20B $22.48B
Non-Current Liabilities $3.33B $3.31B $3.28B $3.28B $3.13B
Non-Current Deferred Liabilities $3.31B $3.27B $3.16B $3.16B $3.03B
Other Non-Current Liabilities $1.65B $1.71B $1.69B $1.69B $1.71B
Total Equity $9.93B $10.02B $9.99B $9.99B $9.52B
Stockholders' Equity $9.93B $10.02B $9.99B $9.99B $9.52B
Capital Stock $6.00M $6.00M $6.00M $6.00M $6.00M
-Common Stock $6.00M $6.00M $6.00M $6.00M $6.00M
Additional Paid-In Capital $5.86B $5.71B $5.68B $5.68B $5.64B
Retained Earnings $17.98B $17.57B $17.23B $17.23B $16.82B
Less: Treasury Stock $13.85B $13.22B $12.91B $12.91B $12.92B
Gains/Losses Not Affecting Retained Earnings -$71.00M -$44.00M -$10.00M -$10.00M -$31.00M
Minority Interests $1.00M $1.00M $1.00M $1.00M $1.00M

Cash flow

Line item 2026 Q2 2026 Q1 2025 ANNUAL 2025 Q4 2025 Q3
Operating Cash Flow $1.73B $1.50B $6.04B $1.70B $1.59B
Net cash flow from continuing operations $1.73B $1.50B $6.04B $1.70B $1.59B
Net Income from Continuing Operations $786.00M $723.00M $2.71B $742.00M $603.00M
Gain/Loss from Continuing Operations $5.00M -$27.00M $217.00M $3.00M $200.00M
Depreciation & Depletion & Amortization $738.00M $696.00M $2.86B $770.00M $729.00M
Deferred Tax $31.00M $112.00M $363.00M $122.00M $162.00M
Other Non-Cash Items $39.00M $39.00M $142.00M $36.00M $35.00M
Change in Working Capital $41.00M -$123.00M -$513.00M -$41.00M -$198.00M
-Change in Receivables -$254.00M $30.00M -$511.00M -$58.00M -$130.00M
-Change in Payables and Accrued Expense $312.00M -$178.00M $41.00M $6.00M -$7.00M
-Change in Other Current Assets $109.00M $21.00M $176.00M $75.00M $19.00M
-Change In Other Working Capital -$126.00M $4.00M -$219.00M -$64.00M -$80.00M
Net cash flow from investing -$696.00M -$731.00M -$3.57B -$867.00M -$784.00M
Net Cash Flow from Continuing Investing Activities -$696.00M -$731.00M -$3.57B -$867.00M -$784.00M
Capital Expenditure -$630.00M -$650.00M -$3.23B -$888.00M -$776.00M
Net Business Purchase and Sale -$77.00M $69.00M -$274.00M $13.00M -$24.00M
Net Other Investing Changes $11.00M -$150.00M -$65.00M $8.00M $16.00M
Financing Cash Flow -$631.00M -$821.00M -$2.67B -$843.00M -$1.05B
Net Cash Flow from Continuing Financing Activities -$631.00M -$821.00M -$2.67B -$843.00M -$1.05B
Net Issuance Payments Of Debt $416.00M -$77.00M -$1.33B -$517.00M -$717.00M
Net Common Stock Issuance -$659.00M -$344.00M $0.00 $0.00 $0.00
Cash Dividends Paid -$379.00M -$385.00M -$1.33B -$333.00M -$332.00M
Proceeds from Stock Option Exercised $6.00M $26.00M $61.00M $7.00M $4.00M
Net Other Financing Charges -$15.00M -$41.00M -$67.00M $0.00 -$4.00M
Ending Cash Balance $638.00M $245.00M $297.00M $297.00M $308.00M
Net Change in Cash $399.00M -$51.00M -$196.00M -$12.00M -$241.00M
Beginning Cash Balance $245.00M $297.00M $487.00M $308.00M $552.00M
Effect of Exchange Rate Changes -$6.00M -$1.00M $6.00M $1.00M -$3.00M
Free Cash Flow $1.10B $851.00M $2.82B $810.00M $816.00M
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