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Waste Management WM Q3 2025 earnings

Reported October 27, 2025 · After market close

Revenue$6.4BMiss by $49.3M
EPS$1.98Miss by $0.03
Revenue estimate$6.5B
EPS estimate$2.01

Next report

Oct 27, 2026 (In 3 weeks)
Revenue estimate$6.8B
EPS estimate$2.19

Financials

Q3 2025

Income statement

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Revenue$6.4B+14.9%
Gross profit$2.6B+18.1%
Operating income$989.0M-11.6%
Net income$603.0M-20.7%
EPS (diluted)$1.49-20.7%

Balance sheet

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Cash & equivalents$175.0M-71.5%
Total equity$9.5B+19.3%
Total assets$45.6B+31.3%

Cash flow

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Operating cash flow$1.6B+17.2%
CapEx$776.0M-0.6%
Free cash flow$816.0M+41.4%

Valuation & ratios

Valuation

as of 09/30/25
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Market cap$88.96B+6.8%
P/E34.7×+3.1×
P/S3.6×-0.3×

Profitability

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Gross margin40%+0.7pp
Operating margin16.4%-1.9pp
Net margin10.3%-2.0pp
FCF margin9.7%-0.1pp

Returns & leverage

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Return on equity29.3%-6.1pp
Current ratio0.8×0.0×

Segments

By product

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Commercial$1.6B+5.0%
Landfill$1.4B+6.9%
Industrial$1.0B+3.9%
Residential$906.0M+1.0%
Other Collection$888.0M+8.0%

By segment

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Healthcare Solutions$738.0M+615%
Recycling Processing And Sales$470.0M-6.6%
Renewable Energy$116.0M+31.8%
Corporate And Other$14.0M+16.7%

By geography

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Western Europe And Other Countries$81.5M+213%

FAQ

When did Waste Management report Q3 2025 earnings?
Waste Management (WM) reported Q3 2025 earnings on October 27, 2025 after market close.
What were Waste Management's Q3 2025 revenue and EPS?
Waste Management reported revenue of $6.4B and eps of $1.98 for Q3 2025.
Did Waste Management beat estimates in Q3 2025?
Revenue missed the consensus estimate of $6.5B by $49.3M. EPS missed the consensus estimate of $2.01 by $0.03.
How did Waste Management's Q3 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 14.9% from $5.6B a year earlier and eps grew 1.0% from $1.96.
Where can I find Waste Management's Q3 2025 SEC filings?
You can read the 8-K earnings release (0001104659-25-102615) and the 10-Q periodic report (0001104659-25-103136) directly on SEC EDGAR. The filing index links above go to sec.gov.