W 
Waste Management WM · USD
Industrials · Commercial Services & Supplies · US listing · 🇺🇸 United States
S&P 500
236.61
+0.15%
Close of 9 Nov 2026, in USD
Search any instrument
Reference data, closing prices and charts across 45,000 companies, plus crypto, commodities and currencies.
At a glance
Figures in USD, from our data supplier.
Revenue
$25.20bn
FY2016FY2025
Net income
$2.71bn
FY2016FY2025
Free cash flow
$2.82bn
FY2016FY2025
Shareholders' equity
$9.99bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $25.20bn | $22.06bn | $20.43bn | $19.70bn | $17.93bn | $15.22bn | $15.46bn | $14.91bn | $14.48bn | $13.61bn |
| Gross profit | $7.33bn | $6.41bn | $5.75bn | $5.37bn | $4.82bn | $4.21bn | $4.38bn | $4.19bn | $4.09bn | $3.82bn |
| Operating income | $4.61bn | $4.15bn | $3.82bn | $3.44bn | $3.01bn | $2.48bn | $2.75bn | $2.73bn | $2.62bn | $2.41bn |
| Net income | $2.71bn | $2.75bn | $2.30bn | $2.24bn | $1.82bn | $1.50bn | $1.67bn | $1.93bn | $1.95bn | $1.18bn |
| Diluted earnings per share | 6.69 | 6.80 | 5.70 | 5.44 | 4.32 | 3.52 | 3.91 | 4.49 | 4.45 | 2.66 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | $45.84bn | $44.57bn | $32.82bn | $31.37bn | $29.10bn | $29.34bn | $27.74bn | $22.65bn | $21.83bn | $20.86bn |
| Cash and short-term investments | $201.0m | $414.0m | $458.0m | $351.0m | $118.0m | $553.0m | $3.56bn | $61.0m | $22.0m | $32.0m |
| Total liabilities | $35.84bn | $36.31bn | $25.93bn | $24.50bn | $21.97bn | $21.89bn | $20.67bn | $16.37bn | $15.79bn | $15.54bn |
| Debt | $22.91bn | $23.90bn | $16.23bn | $14.98bn | $13.40bn | $13.81bn | $13.50bn | $10.03bn | $9.49bn | $9.31bn |
| Shareholders' equity | $9.99bn | $8.25bn | $6.90bn | $6.85bn | $7.12bn | $7.45bn | $7.07bn | $6.28bn | $6.02bn | $5.30bn |
| Shares outstanding | 405m | 404m | 404m | 412m | 421m | 425m | 427m | 429m | 438m | 444m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | $6.04bn | $5.39bn | $4.72bn | $4.54bn | $4.34bn | $3.40bn | $3.87bn | $3.57bn | $3.18bn | $3.00bn |
| Capital spending | −$3.23bn | −$3.23bn | −$2.90bn | −$2.59bn | −$1.90bn | −$1.63bn | −$1.82bn | −$1.69bn | −$1.51bn | −$1.34bn |
| Free cash flow | $2.82bn | $2.16bn | $1.82bn | $1.95bn | $2.43bn | $1.77bn | $2.06bn | $1.88bn | $1.67bn | $1.66bn |
| Dividends paid | −$1.33bn | −$1.21bn | −$1.14bn | −$1.08bn | −$970.0m | −$927.0m | −$876.0m | −$802.0m | −$750.0m | −$726.0m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $6.68bn | $6.23bn | $6.31bn | $6.44bn | $6.43bn | $6.02bn | $5.89bn | $5.61bn |
| Gross profit | $2.73bn | $2.53bn | $1.85bn | $1.88bn | $1.88bn | $1.72bn | $1.69bn | $1.65bn |
| Operating income | $1.25bn | $1.11bn | $1.16bn | $1.00bn | $1.16bn | $1.02bn | $941.0m | $1.13bn |
| Net income | $785.0m | $723.0m | $742.0m | $603.0m | $726.0m | $637.0m | $598.0m | $760.0m |
| Diluted earnings per share | 1.95 | 1.79 | 1.83 | 1.49 | 1.79 | 1.57 | 1.48 | 1.88 |
| Cash from operations | $1.73bn | $1.50bn | $1.70bn | $1.59bn | $1.54bn | $1.21bn | $1.51bn | $1.36bn |
| Capital spending | −$630.0m | −$650.0m | −$888.0m | −$776.0m | −$732.0m | −$831.0m | −$1.11bn | −$781.0m |
| Free cash flow | $1.10bn | $851.0m | $810.0m | $816.0m | $813.0m | $377.0m | $396.0m | $577.0m |
| Total assets | $46.44bn | $45.70bn | $45.84bn | $45.61bn | $45.72bn | $44.49bn | $44.57bn | $34.73bn |
| Cash and short-term investments | $557.0m | $158.0m | $201.0m | $175.0m | $440.0m | $216.0m | $414.0m | $614.0m |
| Debt | $23.36bn | $22.89bn | $22.91bn | $23.36bn | $24.02bn | $23.84bn | $23.90bn | $16.65bn |
| Shareholders' equity | $9.93bn | $10.02bn | $9.99bn | $9.52bn | $9.20bn | $8.65bn | $8.25bn | $7.98bn |
Financial ratios
Data as of 9 Sept 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 29.1% | 29.1% | 28.1% | 27.2% | 26.9% | 27.6% |
| Operating margin | 18.3% | 18.8% | 18.7% | 17.5% | 16.8% | 16.3% |
| Net margin | 10.7% | 12.4% | 11.3% | 11.4% | 10.1% | 9.8% |
| Return on equity | 27.1% | 33.3% | 33.4% | 32.7% | 25.5% | 20.1% |
| Return on assets | 5.9% | 6.2% | 7.0% | 7.1% | 6.2% | 5.1% |
| Free cash flow yield | 10.5% | 9.8% | 8.6% | 7.9% | 6.8% | 5.4% |
| Revenue growth | 14.2% | 8.0% | 3.7% | 9.9% | 17.8% | -1.5% |
| Earnings growth | -1.4% | 19.2% | 2.9% | 23.2% | 21.4% | -10.4% |
| Current ratio | 0.89x | 0.76x | 0.90x | 0.81x | 0.75x | 1.00x |
| Debt to equity | 2.29x | 2.90x | 2.35x | 2.19x | 1.88x | 1.81x |
| Equity ratio | 21.8% | 18.5% | 21.0% | 21.8% | 24.5% | 25.4% |
| Interest coverage | 5.05x | 6.94x | 7.65x | 9.10x | 8.24x | 5.83x |
| Buybacks as a share of market value | -0.2% | 0.1% | 1.8% | 2.2% | 1.1% | 0.5% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 8.6% | 10.6% | 6.9% |
| Operating income | 10.2% | 13.2% | 8.0% |
| Net income | 6.6% | 12.6% | 13.7% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 29.1% | 28.4% | 28.1% | 28.1% |
| Operating margin | 18.5% | 18.3% | 17.8% | 17.8% |
| Net margin | 11.5% | 11.4% | 11.0% | 10.8% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 32.8 | 29.7 | 31.4 | 28.9 | 38.7 | 33.5 | 29.2 | 19.8 | 19.4 | 26.6 |
| Price to sales | 3.5 | 3.7 | 3.5 | 3.3 | 3.9 | 3.3 | 3.1 | 2.6 | 2.6 | 2.3 |
Market value over time
30 Sept 2016 to 8 Sept 2026, in USD
$28.42bn$87.83bn
Share price return
Finished calendar years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Return | 6% | 16% | 12% | -2% | 38% | 3% | 29% | 3% | 21% | 36% |
Dividends and splits
Per share, in the currency the company pays
Paid for 28 years. Last went ex-dividend on 11 Sept 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 2.835 | 2.475 | 3.075 | 3.55 | 2.60 | 2.30 | 2.18 | 2.05 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
Nothing here is investment advice. Prices can be delayed or wrong, so check with the exchange before relying on them. Data for this page. How we cover markets.