Income StatementBalance SheetCash FlowSegments
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Waste Management Business Segments

Business, geographic, and product segment breakdowns

Waste Management generates $25.4B in annual revenue across 4 key segments: All Other Segments ($2.5B), Corporate And Other ($55.0M), East Tier Region Areas ($10.5B), and Healthcare Solutions ($2.8B). The company-wide operating margin is 17.35%. Based on the Q1 2026 filing.

All Other Segments (TTM)$2.5BCorporate And Other (TTM)$55.0MEast Tier Region Areas (TTM)$10.5BHealthcare Solutions (TTM)$2.8BRecycling Processing And Sales (TTM)$1.9BRenewable Energy (TTM)$550.0MWest Tier Region Areas (TTM)$9.9B
Latest FilingQ1 2026
Report Date2026-04-29
Market Cap$87.5B
P/E Ratio31.32
ROE29.93%

Products & Services

Revenue

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Commercial$1.6B$1.6B$1.6B$1.6B$1.7B$1.7B
Landfill$1.2B$1.2B$1.4B$1.4B$1.3B$1.2B
Industrial$968.0M$940.0M$1.0B$1.0B$994.0M$980.0M
Residential$896.0M$894.0M$894.0M$906.0M$903.0M$906.0M
Other Collection$840.0M$825.0M$864.0M$888.0M$886.0M$866.0M
Transfer$629.0M$592.0M$681.0M$690.0M$666.0M$619.0M
Service Other$12.0M$10.0M$15.0M$14.0M$13.0M$13.0M

Geographic

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Property Plant And Equipment And Finance Lease Right Of Use Asset After Accumulated Depreciation And Amortization$123.0M———$113.0M—
Revenue$26.0M$81.5M$81.5M$81.5M$81.5M—

Business Segments

Total Assets

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
East Tier Region Areas$15.3B$15.2B$15.9B$16.0B$16.1B$15.9B
West Tier Region Areas$11.8B$11.8B$11.9B$12.0B$12.2B$12.2B
Healthcare Solutions$9.4B$9.3B$9.2B$9.1B$9.0B$8.9B
Corporate And Other$3.8B$3.8B$4.2B$4.0B$3.9B$4.0B
Recycling Processing And Sales$2.7B$2.8B$2.9B$2.7B$2.7B$2.8B
Renewable Energy$1.5B$1.7B$1.8B$1.9B$2.0B$2.0B
All Other Segments$779.0M$790.0M$819.0M$808.0M$801.0M$796.0M

Cost of Goods Sold

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
East Tier Region Areas—$1.7B———$1.7B
West Tier Region Areas—$1.6B———$1.6B
All Other Segments—$718.0M———$753.0M
Healthcare Solutions$77.5M$480.0M$406.0M$511.0M$501.0M$500.0M
Recycling Processing And Sales$403.0M$388.0M$398.0M$389.0M$362.0M$368.0M
Renewable Energy$46.0M$55.0M$59.0M$63.0M$75.0M$83.0M
Corporate And Other$39.0M-$3.0M$7.0M$6.0M$14.0M$32.0M

Depreciation Depletion Amortization And Accretion

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
East Tier Region Areas—$268.0M———$285.0M
West Tier Region Areas—$234.0M———$239.0M
Healthcare Solutions—$101.0M———$104.0M
Recycling Processing And Sales—$39.0M———$51.0M
Corporate And Other—$27.0M———$25.0M
Renewable Energy—$15.0M———$24.0M
All Other Segments—$7.0M———$7.0M

Goodwill

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
All Other Segments$27.0M———$11.0M—
Corporate And Other$1.0M———$1.0M—
East Tier Region Areas$5.6B———$5.9B—
Healthcare Solutions$3.6B———$3.8B—
Recycling Processing And Sales$370.0M———$412.0M—
West Tier Region Areas$3.8B———$3.8B—

Revenue

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
East Tier Region Areas—$2.7B———$2.8B
West Tier Region Areas—$2.6B———$2.7B
All Other Segments—$752.0M———$789.0M
Healthcare Solutions$117.8M$721.0M$647.0M$738.0M$732.0M$721.0M
Recycling Processing And Sales$476.0M$465.0M$482.0M$470.0M$449.0M$455.0M
Renewable Energy$93.0M$92.0M$115.0M$116.0M$158.0M$161.0M
Corporate And Other$12.0M$10.0M$15.0M$14.0M$13.0M$13.0M

Segment Expenditure Addition To Long Lived Assets

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
West Tier Region Areas—$222.0M———$236.0M
East Tier Region Areas—$197.0M———$179.0M
Renewable Energy$153.0M$122.0M$115.0M$114.0M$80.0M$43.0M
Recycling Processing And Sales$173.0M$38.0M$70.0M$59.0M$69.0M$30.0M
Healthcare Solutions$10.8M$34.0M$46.0M$42.0M$50.0M$27.0M
All Other Segments—$17.0M———$17.0M
Corporate And Other—$11.0M-$123.0M$1.0M-$73.0M$6.0M

SG&A Expense

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Corporate And Other$355.0M$312.0M$331.0M$316.0M$318.0M$355.0M
Healthcare Solutions$39.3M$156.0M$150.0M$129.0M$139.0M$122.0M
West Tier Region Areas—$86.0M———$96.0M
East Tier Region Areas—$90.0M———$90.0M
All Other Segments—$30.0M———$29.0M
Recycling Processing And Sales$13.0M$15.0M$14.0M$16.0M$13.0M$15.0M
Renewable Energy$5.0M$3.0M$3.0M$5.0M$4.0M$6.0M

Number Of Third Party Power Generating Facilities

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Collection And Disposal—4.754.754.754.75—

Number Of Third Party Projects Delivering Landfill Gas By Pipeline

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Collection And Disposal—2.252.252.252.25—

Number Of Third Party RNG Facilities

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Collection And Disposal—4.254.254.254.25—

Operating Income

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
West Tier Region Areas—$670.0M———$737.0M
East Tier Region Areas—$661.0M———$723.0M
Corporate And Other-$441.0M-$327.0M-$349.0M-$342.0M-$397.0M-$400.0M
Healthcare Solutions-$17.3M$94.0M-$23.0M$108.0M$110.0M$101.0M
Renewable Energy$32.0M$19.0M$38.0M$21.0M$57.0M$48.0M
Recycling Processing And Sales$17.0M$18.0M$24.0M-$137.0M—$19.0M

Segment Reporting Other Item Amount

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
West Tier Region Areas-$3.8M$500.0K$500.0K$500.0K$500.0K-$34.0M
Healthcare Solutions—$9.0M$9.0M$9.0M$5.0M$9.0M
Recycling Processing And Sales$4.0M$5.0M$1.0M$155.0M$14.0M$2.0M
Corporate And Other$13.0M$1.0M—$6.0M—$1.0M
East Tier Region Areas$1.0M$13.8M$13.8M$13.8M$13.8M—

Number Of Landfill Beneficial Use Renewable Energy Methane Gas Project For Electricity Generator Fuel

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Corporate And Other—1.251.251.251.25—
Renewable Energy—15.5015.5015.5015.50—

Number Of Landfill Beneficial Use Renewable Energy Methane Gas Project For Pipeline Quality RNG

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Corporate And Other—0.500.500.500.50—
Renewable Energy—4.254.254.254.25—

Number Of Landfill Beneficial Use Renewable Energy Methane Gas Project Fossil Fuel Substitute

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Corporate And Other—0.500.500.500.50—
Renewable Energy—6.006.006.006.00—

Goodwill Acquired

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
East Tier Region Areas$138.3M$68.0M$68.0M$68.0M$68.0M—
Recycling Processing And Sales$1.3M$7.5M$7.5M$7.5M$7.5M—
West Tier Region Areas$7.5M$3.3M$3.3M$3.3M$3.3M—

Goodwill Foreign Currency Translation Gain Loss

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
East Tier Region Areas-$8.0M$1.8M$1.8M$1.8M$1.8M—
Healthcare Solutions—$35.5M$35.5M$35.5M$35.5M—
Recycling Processing And Sales-$250.0K$3.0M$3.0M$3.0M$3.0M—
West Tier Region Areas—-$4.5M-$4.5M-$4.5M-$4.5M—

Asset Impairment

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Healthcare Solutions—$0.0$0.0$0.0$0.0—

Number Of Autoclaves Or Other Alternative Medical Waste Treatment Facilities

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Healthcare Solutions—12.7512.7512.7512.75—

Number Of Leased And Owned Facilities

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Healthcare Solutions—76.7576.7576.7576.75—

Number Of Medical Waste Incinerator Facilities

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Healthcare Solutions—4.254.254.254.25—

Number Of SID Processing Facilities

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Healthcare Solutions—24.7524.7524.7524.75—

Number Of Transfer Stations

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Healthcare Solutions—35.0035.0035.0035.00—

Property Plant And Equipment Gross

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Healthcare Solutions$419.0M———$340.0M—
Recycling Processing And Sales$1.7B———$1.7B—
Renewable Energy$834.0M———$1.2B—

Number Of Landfill Beneficial Use Renewable Energy Methane Gas Projects Total

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Renewable Energy—25.7525.7525.7525.75—

Number Of Landfill Beneficial Use Renewable Energy Projects

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Renewable Energy—21.5021.5021.5021.50—

Number Of Landfill Beneficial Use Renewable Energy Projects In Form Of Royalties

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Renewable Energy—13.5013.5013.5013.50—

Number Of Landfill Beneficial Use Renewable Energy Projects In Return For Service Revenue

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Renewable Energy—1.501.501.501.50—

Number Of Landfill Beneficial Use Renewable Energy Projects On Closed Sites

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Renewable Energy—4.254.254.254.25—

Number Of Projects On Third Party Landfills

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Renewable Energy—0.750.750.750.75—