Waste Management, Inc.

$220.00

-0.78%

2026-09-04 10:32:39 EDT-$1.72

Industrials

Waste Management

NYSE

Active Trading

Waste Management, Inc. (WM) functions as a premier provider of environmental waste solutions across North America, serving a diverse client base that ...

Price Action of WM

$220.00

-0.78%-$1.72

High—

Low—

52W High-11.0%

Rel. vol—

Interval

Range6.5h

Volume—SMA5SMA10

—

Waste Management, Inc. (WM), headquartered in Houston, Texas, is the premier provider of comprehensive waste management and environmental services in North America. Founded in 1968 by Wayne Huizenga, Dean Buntrock, and Larry Beck, WM has grown into an industry giant with a market capitalization of over $91 billion as of ...Waste Management, Inc. (WM), headquartered in Houston, Texas, is the premier provider of comprehensive waste management and environmental services in North America. Founded in 1968 by Wayne Huizenga, Dean Buntrock, and Larry Beck, WM has grown into an industry giant with a market capitalization of over $91 billion as of recent data. The company serves a diverse clientele, including residential, commercial, industrial, and municipal customers, offering a full spectrum of services from trash collection and recycling pickup to dumpster rental and specialized waste disposal. WM's core operations involve the collection and transportation of waste and recyclables, which are processed at its extensive network of facilities. As of the end of 2021, WM owned or operated 255 solid waste landfills, 5 secure hazardous waste landfills, 96 material recovery facilities, and 340 transfer stations. This infrastructure forms the backbone of its collection and disposal services, ensuring efficient waste management across the continent. Beyond basic collection, WM provides materials processing and commodities recycling, including recycling brokerage services that market recyclables for third parties. The company also handles construction and remediation projects, manages residues from coal and fuel combustion, and offers in-plant services with full-spectrum waste management consulting. Financially, WM demonstrates robust performance. It reported a revenue of approximately $25.7 billion (implied by price-to-sales ratio and market cap), with a net profit margin of 11.1%. The company's operational efficiency is reflected in an EBITDA margin of 29.4% and an operating cash flow margin of 25.4%. WM maintains a healthy balance sheet with an enterprise value of $113.8 billion, and a debt-to-equity ratio of 2.35, indicating significant leverage but also strong cash flow generation to cover debt service (interest coverage ratio of 5.25). The company has also returned value to shareholders, paying dividends with a payout ratio of approximately 50% and a dividend yield of 1.6%. The company's leadership is headed by CEO James C. Fish Jr., who joined WM in 2001 and took the helm in November 2016. Under his direction, WM has focused on sustainability and innovation, emphasizing waste-to-energy solutions and environmental stewardship. WM employs approximately 60,500 full-time employees, making it a major employer in the industrial sector. The company is publicly traded on the New York Stock Exchange under the symbol WM and is listed in the Industrials sector. With a strong commitment to its mission, WM continues to lead the way in transforming waste into valuable resources, aiming to create a sustainable future for communities and businesses across North America.ExpandCollapse

Founded

1968

Employees

60500

CEO

James C. Fish Jr.

Full Name

Waste Management, Inc.

Sector

Industrials

Industry

Waste Management

ROE

28.92%

Market Cap

$87.94B

Current Ratio

0.91

WACC

5.96%

ROIC

9.49%

Contact Information

https://www.wm.com

713-512-6200

800 Capitol Street, Houston, TX 77002

Key Metrics of WM

Snapshot

Latest / TTM · 6 periods

Market Cap

$87.94B

ROCE

11.8%

EV / EBITDA

14.79x

+0.3% YoY

FCF Yield

4.0%

+0.8% YoY

Cash Conversion Cycle

21.3d

Current Ratio

0.91

Quick take

TTM —

Current ratio below 1.0

Negative working capital

Financial Highlights of WM

Profitability trend

Latest / TTM · 6 periods

Gross Margin

35.0%

Net Margin

11.1%

P/E Ratio

31.27x

n/a

Debt / Equity

2.35

n/a

Current Ratio

0.91

Dividend Yield

1.6%

Understanding

TTM —

Current ratio below 1.0

High debt to equity

Calendar of WM

Upcoming

Sep 11, 2026In 7 days
Ex-dividend date
$3.54 per share
Sep 25, 2026In 21 days
Dividend payment
$3.54 per share
Dec 31, 2026
FY2026 · Estimated annual results
Est. EPS $8.11 · Revenue $26.38B · 17 analysts
Dec 31, 2027
FY2027 · Estimated annual results
Est. EPS $9.06 · Revenue $27.78B · 18 analysts

Recent history

Jul 29, 2026
Q2 FY2026 · Results reported
EPS $1.95 · Revenue $6.68B
View filing
Apr 29, 2026
Q1 FY2026 · Results reported
EPS $1.79 · Revenue $6.23B
View filing
Feb 9, 2026
FY2025 · Annual results
EPS $6.70 · Revenue $25.20B
View filing
Oct 28, 2025
Q3 FY2025 · Results reported
EPS $1.49 · Revenue $6.44B
View filing
Jul 29, 2025
Q2 FY2025 · Results reported
EPS $1.80 · Revenue $6.43B
View filing
Apr 29, 2025
Q1 FY2025 · Results reported
EPS $1.58 · Revenue $6.02B
View filing

Financial Statements of WM

5Y Trend (Revenue, Earnings, FCF)

Metric	Latest	YoYYoY means Year-over-Year. It compares the latest annual value with the previous annual value to show long-term trend strength.	QoQQoQ means Quarter-over-Quarter. It compares the latest quarter with the immediately previous quarter to show short-term momentum changes.
RevenueThe total money that came through the front door from selling things, before paying a single bill. Think of it as the grand total of every credit card swipe from customers. (YoY compares this year to last year's performance, while QoQ compares the current three months to the previous three).	$25.2B	+14.2%	+7.3%
Net IncomeThe absolute bottom line. If the company paid every single supplier, employee, banker, and tax collector, this is the actual money left in their pocket at the end of the day.	$2.7B	-1.4%	+8.6%
Gross MarginThe basic markup. If they sell a $100 pair of sneakers, this percentage tells you how much of that price tag is profit right after paying for the rubber and shoelaces, but before paying for things like store rent or TV commercials.	+29.1%	+0.0%	+0.4%
Operating MarginThe 'day job' efficiency score. Out of every dollar a customer spends, this shows how many cents the company keeps after making the product AND paying for all the everyday corporate overhead (like salaries, marketing, and keeping the lights on).	+18.3%	-2.8%	+4.9%
Net MarginThe final take-home percentage. When you strip away every conceivable cost, tax, and interest payment, this is the exact number of cents the company truly gets to keep from every dollar in sales.	+10.7%	-13.7%	+1.2%
Free Cash FlowThe holy grail of corporate cash. It's the spendable, physical money left over after the business pays for its daily operations AND buys the big, expensive upgrades (like new factories or servers) it needs to survive. This is the 'free' money they can use to pay dividends or buy back stock.	$2.8B	+30.4%	+28.8%
FCF MarginThe ultimate cash conversion rate. It shows how good the company is at turning regular sales directly into cold, hard, spendable cash. A high percentage means the business is an absolute cash-printing machine.	+11.2%	+14.2%	+20.0%
Debt / EquityThe financial risk gauge. It compares how much of the company's empire was built using borrowed money (loans) versus the owners' own money (shareholders). A high number means they are heavily leveraged and playing a riskier game; a low number means they are playing it safe.	229.3%	-20.8%	+3.0%
Current RatioThe 12-month survival check. It simply compares the cash they have right now (plus things they can quickly turn into cash) against the immediate bills they absolutely must pay this year. A score above 1 means they have enough in the wallet to cover the upcoming bills without panicking.	0.89x	+16.5%	-2.9%
Total AssetsThe absolute size of the company's empire. It bundles together absolutely everything of value they own—from the cash in the register and the inventory in the warehouse, to the software patents in the vault and the factories on the ground.	$45.8B	+2.8%	+1.6%

Actual vs Estimate

A Dec 31Q Sep 30

Metric	Annual (A vs E)	Annual Surprise	Quarter (A vs E)	Quarter Surprise
EPS Surprise	6.70 vs 7.51	-10.7%	1.95 vs 2.66	-26.6%
Revenue Surprise	$25.2B vs $25.3B	-0.3%	$6.7B vs $7.5B	-10.8%

Insider Transactions of WM

Acquisitions (A)

Since May 20, 2026

Disposals (D)

Since May 20, 2026

Monthly shares of acquisitions/disposals with close price trend (shared daily price source)

Insider Trading Snapshot

Date	Executive	Title	Security	Side	Shares	Price
Aug 28, 2026	Carroll John A.	officer: VP & Chief Accounting Officer	Common Stock	A	4,874	—
Aug 28, 2026	Carroll John A.	officer: VP & Chief Accounting Officer	Common Stock	D	4,874	—
Aug 7, 2026	Reed David L.	officer: EVP & CFO	Common Stock	A	5,357	—
Aug 7, 2026	Reed David L.	officer: EVP & CFO	Common Stock	D	5,357	—
Jun 5, 2026	Carrasco Rafael	officer: SVP of Enterprise Strategy	Common Stock	A	2,655	$126.00

Earnings Call Transcript of WM

1 transcript segments

Q2 2026

Unknown Speaker

Operator: Good day, and thank you for standing by. Welcome to the WM Second Quarter Earnings Conference Call. Please be advised that today's conference is being recorded. I will now hand the conference over to your first speaker today, Ed Egl, Vice President of Investor Relations. Please go ahead. Edward Egl: [indiscernible] earnings conference call. With me this morning are Jim Fish, Chief Executive Officer; John Morris, President; David Reed, Executive Vice President and Chief Financial Officer; and Tara Hemmer, Executive Vice President and Chief Operating Officer. [indiscernible] strategic update. John will cover an operating overview [indiscernible] our prepared remarks, each of these members of our leadership team will be available during the Q&A portion of the call. Before we get started, please note that we have filed a Form 8-K that includes the earnings press release and is available on our website at www.wm.com. The Form 8-K, the press release and the schedules in the press release include important information. During the call, you will hear forward-looking statements, which are based on current expectations, projections or opinions about future periods. All forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially. Some of these risks and uncertainties are discussed in today's press release and in our filings with the SEC, including our most recent Form 10-K and Form 10-Qs. John will discuss our results in the areas of yield and volume, which unless stated otherwise, are more specifically references to internal revenue growth or IRG from yield or volume. During the call, Jim, John and David will discuss operating EBITDA, which is income from operations before depreciation, depletion, amortization and accretion. Beginning this year, landfill accretion expense was moved from operating expense to depreciation, depletion, amortization and accretion to enhance comparability and better reflect operating performance. For comparability purposes, 2025 actuals have been updated to reflect this change. Any comparisons, unless stated otherwise, will be with the prior year period. Net income, EPS, income from operations and margin, operating EBITDA and margin and SG&A expense and margin have been adjusted to enhance comparability by excluding certain items that management believes do not reflect our fundamental business performance or results of operations. These adjusted measures, in addition to free cash flow are non-GAAP measures. Please refer to the earnings press release and tables, which can be found on the company's website at www.wm.com for reconciliations to the most comparable GAAP measures and additional information about our use of non-GAAP measures. This call is being recorded and will be available 24 hours a day beginning approximately 1:00 p.m. Eastern Time today. To hear a replay of the call, access the WM website at www.investors.wm.com. Time-sensitive …

Leadership Team of WM

11 executives

Name	Title	Compensation	Gender	Year Born	Status
James C. Fish Jr.	CEO & Director	USD 4,242,287	Male	1962	Active
John J. Morris Jr.	President	USD 2,344,000	Male	1970	Active
Tara J. Hemmer	Executive Vice President & Chief Operating Officer	USD 1,507,213	Female	1973	Active
Rafael E. Carrasco	Senior Vice President of Enterprise Strategy	USD 1,455,586	Male	1972	Active
Charles C. Boettcher	Executive Vice President of Corporate Development & Chief Legal Officer	USD 1,357,356	Male	1974	Active
David L. Reed	Chief Financial Officer & Executive Vice President	USD 973,849	Male	1978	Active
Kimberly Stith	Senior Vice President & Chief Human Resources Officer	—	Female	1966	Active
Johnson Varkey	Senior Vice President & Chief Information Officer	—	Male	1973	Active
Charles S. Schwager	Vice President and Chief Compliance & Ethics Officer	—	Male	—	Active
Edward A. Egl	Director of Investor Relations	—	Male	—	Active
John A. Carroll	Vice President & Chief Accounting Officer	—	Male	1973	Active

Recent News of WM

Fool - Investing News8/6/2026Neutral

Peter Lynch Beat the S&P 500 in 11 of His 13 Years Running Magellan. Here's Why He Says "Turning Over the Most Rocks" Is the Key to Winning.

The celebrated investor's core philosophy still holds up today.

Defense World8/1/2026Neutral

Bank of America Corp DE Has $769.77 Million Stock Holdings in Waste Management, Inc. $WM

Bank of America Corp DE decreased its holdings in shares of Waste Management, Inc. (NYSE: WM) by 6.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,349,866 shares of the business services provider's stock after selling 216,362

MarketBeat8/1/2026Neutral

Waste Management Q2 Earnings Call Highlights

Waste Management NYSE: WM reported second-quarter operating EBITDA growth of 5.5%, or 9.1% excluding contributions from wildfire cleanup activity in the prior-year period, as pricing discipline, cost controls and technology investments supported profitability despite softer volume trends.

Defense World7/31/2026Neutral

Ashton Thomas Securities LLC Acquires New Shares in Waste Management, Inc. $WM

Ashton Thomas Securities LLC bought a new stake in Waste Management, Inc. (NYSE: WM) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 3,027 shares of the business services provider's stock, valued at approximately $696,000. Other institutional investors and

Zacks Investment Research7/30/2026Neutral

WM Q2 Earnings Call Highlights Margin Gains, Volume and Cash Flow

Waste Management highlights margin gains, technology investments and healthcare integration while maintaining profitability guidance despite softer volumes.

Historical Employee Count of WM

Current

60,500

Change

-1.94%

Minimum

48,000

Maximum

61,700

Recent Filings

Report Date	Employees	Form Type	Filing Date	SEC Filing
Dec 31, 2025	60,500	10-K	Feb 9, 2026	View
Dec 31, 2024	61,700	10-K	Feb 19, 2025	View
Dec 31, 2023	48,000	10-K	Feb 13, 2024	View
Dec 31, 2022	49,500	10-K	Feb 7, 2023	View
Dec 31, 2021	48,500	10-K	Feb 15, 2022	View

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Waste Management, Inc.