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NYSE · Industrials

WASTE MANAGEMENT INC (WM)

As-reported financials and recent SEC filings for WASTE MANAGEMENT INC, latest fiscal period FY2025. Financial statements come straight from the company’s EDGAR filings; valuation figures such as P/E and market cap use market data.

About WASTE MANAGEMENT INC

Waste Management Inc provides waste collection, transfer, disposal, recycling, and resource recovery services across the United States and Canada. The company operates landfill gas-to-energy facilities producing renewable electricity and natural gas, and offers regulated waste and secure information destruction services through its Healthcare Solutions segment. It serves municipalities, businesses, and households with a network of landfills, transfer stations, and recycling programs.

Snapshot

Revenue
$25.20B
Revenue growth (YoY)
14.2%
Net income
$2.71B
Diluted EPS
$6.70
Gross margin
40.4%
Operating margin
17.1%
Net margin
10.7%
FCF margin
11.2%
ROE
27.1%
P/E (TTM)
276.6×
Market cap
$95.53B
Debt / equity
2.2×

Fundamentals are from SEC filings. P/E and market cap are derived from recent market prices, refreshed on a rolling basis (typically within the past week).

What changed at Waste Management

  • Revenue grew 14.2% to $25.2B in FY2025, faster than the 8.0% the year before.
  • Operating margin is 17.1% in FY2025, +0.6 pp against 16.5% in FY2021.
  • Most recent quarter Q1 FY2026: revenue $6.2B, up 3.5% from Q1 FY2025.
  • Free cash flow was $2.8B in FY2025, 11.2% of revenue.
  • Net income fell 1.4% to $2.7B in FY2025.

Computed from the as-reported figures in the statements below. A change we cannot state from filed figures is left out rather than estimated.

Peer comparison

Where Waste Management’s fundamentals sit among the 684 Industrials companies. Each figure is ranked only against peers that report it, from lowest (left) to highest (right).

Gross margin40.4%
76th percentile of 467
Operating margin17.1%
83rd percentile of 606
Net margin10.7%
78th percentile of 646
FCF margin11.2%
74th percentile of 561
Revenue growth (YoY)+14.2%
75th percentile of 669
ROE27.1%
90th percentile of 601
P/E (TTM)276.6×
98th percentile of 435
Debt / equity2.22×
91st percentile of 406
Short interest3.74d
48th percentile of 676

Waste Management’s P/E of 276.6 ranks in the 98th percentile of the 435 peers with a meaningful P/E. Waste Management’s debt to equity of 2.22 ranks in the 91st percentile of the 406 Industrials companies reporting it. Waste Management’s return on equity of 27.1% ranks in the 90th percentile of the 601 Industrials companies reporting it.

No open-market insider buys in the last 90 days; 1 insider sale totaling $585,335. For context, about 16% of companies in the universe saw any open-market insider buying in the same window. Browse insider activity →

Percentiles describe where a figure sits among sector peers reporting it (100th = highest). They are position within a peer group, not a rating, and not investment advice. Short interest ranking uses days to cover from FINRA Consolidated Short Interest data; FINRA is the owner and source of that data, included at no additional charge.

Institutional ownership

Held by 2 of the superinvestors we track (plus 6 quant / multi-strat books), based on each investor’s most recent 13F (latest Q1 2026).

Conviction investors
2
+6 quant / multi-strat
Initiated / added
3
1 new, 2 added
Reduced / exited
5
5 trimmed, 0 exited
Combined position
$6.97B
reported long value
InvestorAs ofPosition valueSharesChange
Gates Foundation TrustQ1 2026$6.35B27.6MReduced
Two Sigma InvestmentsquantQ1 2026$468.6M2.0MAdded
AQR Capital ManagementquantQ1 2026$98.6M430.8KReduced
Citadel AdvisorsquantQ1 2026$23.7M102.9KReduced
Gotham Asset ManagementQ1 2026$8.5M37.0KReduced
Millennium ManagementquantQ1 2026$6.7M29.3KReduced
Renaissance TechnologiesquantQ1 2026$6.1M26.7KNew
D. E. ShawquantQ1 2026$5.0M22.0KAdded

From quarterly Form 13F filings, which can be up to 45 days delayed. Long US-listed positions only: excludes short positions, options, cash, bonds, and non-US holdings, so this is not a manager’s complete portfolio. Counts are of the investors we track, not all institutions. Not investment advice.

Recent insider activity

Non-derivative buys and sells (codes P/S) reported by officers, directors and 10% owners on SEC Form 4.

Buys (90d)
0
open-market
Bought (90d)
open-market value
Sells (90d)
1
$585K
Signal
Net selling
by $ value, 90d
Trade dateInsiderTypeSharesPriceValue
2026-06-05
filed 2026-06-08
Carrasco RafaelSVP of Enterprise StrategySell2.7K$220.47$585K

Reported non-derivative purchases and sales (codes P/S) — which may be open-market or private; excludes option exercises, grants, and shares withheld for taxes. Dates shown are the trade date; a Form 4 can be filed days to years later. A sale can be routine (e.g. a pre-set 10b5-1 plan), so read individual transactions in context. From SEC Form 4. Not investment advice.

Short interest

Total shares sold short as of each twice-monthly FINRA settlement. Rising short interest means more investors are positioned against the stock; days to cover estimates how many trading days of average volume that position represents.

Shares short
6.2M
settled 2026-07-15
Change vs prior
-2.2%
vs previous settlement
Days to cover
3.74
at avg daily volume
Avg daily volume
1.7M
FINRA reported
SettlementShares shortChangeDays to cover
2026-07-156.2M-2.2%3.74
2026-06-306.4M-1.5%2.27
2026-06-156.5M+12.7%2.95
2026-05-295.7M-14.8%2.44
2026-05-156.7M+0.3%3.34
2026-04-306.7M+8.2%3.11
2026-04-156.2M+5.9%3.38
2026-03-315.8M-2.1%3.24

Source: FINRA Consolidated Short Interest. FINRA is the owner and source of the FINRA-supplied data, which is included at no additional charge for your own personal or professional use; republishing or redistributing it is not permitted. Settlement dates are shown; FINRA publishes each settlement about nine business days later, so the latest figure can be two to four weeks old. Not presented as a percentage of float. No FINRA endorsement of this product is implied. Not investment advice.

Income statement (as reported)

 FY2025FY2024FY2023FY2022FY2021
Revenue$25.20B$22.06B$20.43B$19.70B$17.93B
Gross profit$10.19B$8.68B$7.82B$7.40B$6.82B
Operating income$4.31B$4.06B$3.58B$3.37B$2.96B
Net income$2.71B$2.75B$2.30B$2.24B$1.82B
Diluted EPS$6.70$6.81$5.66$5.39$4.29

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full methodology.

Balance sheet (as reported)

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full methodology.

Cash flow (as reported)

 FY2025FY2024FY2023FY2022FY2021
Operating cash flow$6.04B$5.39B$4.72B$4.54B$4.34B
Capital expenditure$3.23B$3.23B$2.90B$2.59B$1.90B
Free cash flow$2.82B$2.16B$1.82B$1.95B$2.43B

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full methodology.

Quarterly trend (as reported)

QuarterRevenueRevenue YoYNet incomeDiluted EPS
Q1 FY2026$6.23B3.5%$723.0M$1.79
Q4 FY2025$6.31B7.1%$742.0M$1.83
Q3 FY2025$6.44B14.9%$603.0M$1.49
Q2 FY2025$6.43B19.0%$726.0M$1.80
Q1 FY2025$6.02B16.7%$637.0M$1.58
Q4 FY2024$5.89B13.0%$598.0M$1.48
Q3 FY2024$5.61B7.9%$760.0M$1.88
Q2 FY2024$5.40B5.5%$680.0M$1.69

Latest 8 reported quarters, from company XBRL filings on SEC EDGAR.

Company facts

ExchangeNYSE
SectorIndustrials
SIC industryRefuse Systems
Fiscal year endDecember 31
Latest fiscal periodFY2025
SEC filings since2017
SEC CIK823768

Recent SEC filings

10-K2026-02-09
View on EDGAR →
10-K2025-02-19
View on EDGAR →
10-Q2026-04-29
View on EDGAR →
10-Q2025-10-28
View on EDGAR →
10-Q2025-07-29
View on EDGAR →
10-Q2025-04-29
View on EDGAR →
8-K2026-05-14
View on EDGAR →
8-K2026-05-13
View on EDGAR →

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Data sourced from SEC EDGAR (public domain). Figures are as-reported and may be unaudited or restated; verify against the source filing before relying on them. Informational only. Not investment advice.