What is Waste Management's capex?

Waste Management (WM) reported capex of $650M in Q1 2026.

How has Waste Management's capex changed year-over-year?

Waste Management's capex decreased by 21.8% year-over-year, from $831M to $650M.

What is the long-term trend for Waste Management's capex?

Over 4 years (2021 to 2025), Waste Management's capex has grown at a 14.1% compound annual growth rate (CAGR), from $1.9B to $3.23B.

What does capex mean?

Cash spent on property, plant, and equipment — the primary measure of investment in productive capacity and infrastructure.

Waste Management WM CapEx

CapEx at other companies

EnviriNVRI

$33.73M+56.0%

Clean HarborsCLH

$98.44M-17.1%

Casella Waste SystemsCWST

$49.98M-9.9%

Republic ServicesRSG

$476M+3.7%

Waste ConnectionsWCN

$296.6M+39.6%

Smurfit Kappa GroupSW

$624M+30.8%

Other financials

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 debt$1.6B+5.8%

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%

Free cash flow$851.0M+126%

Valuation

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Market cap$89.58B-4.0%

P/E32.1×-2.8×

P/S3.5×-0.5×

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

Debt / equity0.2×0.0×

Current ratio0.9×+0.1×

Where this comes from

Reported directly by Waste Management in its filing.

Tagged under the XBRL concept us-gaap:PaymentsToAcquireProductiveAssets.

The official record: Waste Management’s 10-Q, filed April 29, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Waste Management's capex?: Waste Management (WM) reported capex of $650M in Q1 2026.
How has Waste Management's capex changed year-over-year?: Waste Management's capex decreased by 21.8% year-over-year, from $831M to $650M.
What is the long-term trend for Waste Management's capex?: Over 4 years (2021 to 2025), Waste Management's capex has grown at a 14.1% compound annual growth rate (CAGR), from $1.9B to $3.23B.
What does capex mean?: Cash spent on property, plant, and equipment — the primary measure of investment in productive capacity and infrastructure.