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Waste Management

WM

Waste Management, Inc. is North America’s leading provider of comprehensive environmental solutions, managing the waste lifecycle from collection to disposal while recovering resources and creating renewable energy.

Market cap
$93.94B+2.8%
Revenue$25.4B+10.9%
Net income$2.8B+4.5%
Free cash flow$3.3B+79.1%
EPS (diluted)$6.91+4.2%
Trailing twelve months · change vs. prior year

Earnings

Next report

Jul 28, 2026 (In 2 weeks)
Revenue estimate$6.7B
EPS estimate$2.01

Financials

Q1 2026

Income statement

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Revenue$6.2B+3.5%
Gross profit$2.5B+5.3%
Operating income$1.1B+9.9%
Net income$723.0M+13.5%
EPS (diluted)$1.79+13.3%

Balance sheet

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Cash & equivalents$158.0M-26.9%
Total equity$10.0B+15.8%
Total assets$45.7B+2.7%

Cash flow

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Operating cash flow$1.5B+24.3%
CapEx$650.0M-21.8%
Free cash flow$851.0M+126%

Valuation & ratios

Valuation

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Market cap$93.94B+2.8%
P/E33.6×0.0×
P/S3.7×-0.1×

Profitability

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Gross margin40.7%+1.2pp
Operating margin17.3%-0.4pp
Net margin11%-0.7pp
FCF margin12.9%+4.9pp

Returns & leverage

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Return on equity29.9%-4.1pp
Current ratio0.9×+0.1×

Segments

By segment

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East Tier Region Areas$2.8B+3.7%
West Tier Region Areas$2.7B+3.8%
All Other Segments$789.0M+4.9%
Healthcare Solutions$721.0M0.0%
Recycling Processing And Sales$455.0M-2.2%

By product

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Commercial$1.7B+4.0%
Landfill$1.2B+4.4%
Industrial$980.0M+4.3%
Residential$906.0M+1.3%
Other Collection$866.0M+5.0%

Competitors

Profile

Waste Management, Inc. is North America’s leading provider of comprehensive environmental solutions, managing the waste lifecycle from collection to disposal while recovering resources and creating renewable energy. The company operates the largest network of landfills and transfer stations in the U.S. and Canada, serving municipal, commercial, and residential customers. Its core value proposition centers on sustainability-led growth, leveraging a vast asset network to drive circularity through recycling and landfill gas-to-energy initiatives.

Competitive position

North America's largest landfill operator and leading provider of environmental solutions with a dominant market share in waste collection and disposal.

GeographiesUnited States, Canada, Western Europe
Customer segmentsMunicipal, Commercial, Industrial, Residential, Healthcare
Business modelAsset-heavy Service Provider, Contract-based Services, Commodity Sales, Regulated Utility-like Services
SuppliersHeavy Equipment Manufacturers, Natural Gas Vehicle Suppliers, Fuel Providers, Technology and Automation Vendors
CustomersMunicipal Governments, Commercial Enterprises, Manufacturing Plants, Utility Companies, Healthcare Facilities
Listed1988
Employees48.0K
CEOJames C. Fish Jr.
Websitewm.com
FilingsSEC EDGAR

Questions, answered.

What is Waste Management's market cap?
Waste Management (WM) has a market capitalization of $93.9B and trades on NYSE.
What is Waste Management's revenue and profitability?
Waste Management generated $25.4B in trailing twelve-month revenue with net income of $2.8B, representing a net margin of 11.0%. Gross margin stands at 40.7%, with free cash flow of $3.3B. These figures are based on the Q1 2026 filing.
Who are Waste Management's competitors?
Waste Management's key competitors include Republic Services, Inc., Waste Connections, Inc., Quest Resource Holding Corporation, and others. These companies compete in similar markets and product categories.
Who does Waste Management partner with?
Waste Management's notable partners include U.S. Environmental Protection Agency.
What subsidiaries does Waste Management have?
Waste Management's subsidiaries include Stericycle, Inc., Waste Management Holdings, Inc..
Where is Waste Management headquartered?
Waste Management is headquartered in United States of America and employs approximately 48,000 people. It has been publicly traded since 1988.