What is Waste Management's total cost of revenue?

Waste Management (WM) reported total cost of revenue of $3.69B in Q1 2026.

How has Waste Management's total cost of revenue changed year-over-year?

Waste Management's total cost of revenue increased by 2.3% year-over-year, from $3.61B to $3.69B.

What is the long-term trend for Waste Management's total cost of revenue?

Over 4 years (2021 to 2025), Waste Management's total cost of revenue has grown at a 7.8% compound annual growth rate (CAGR), from $11.11B to $14.98B.

What does total cost of revenue mean?

The aggregate of all direct costs attributable to producing goods and delivering services that generated the company's revenue, including materials, labor, and overhead.

Waste Management WM Total Cost of Revenue

Total Cost of Revenue at other companies

EnviriNVRI

$417.6M-33.3%

Casella Waste SystemsCWST

$308.93M+10.2%

Republic ServicesRSG

$2.37B+2.2%

Waste ConnectionsWCN

$1.36B+5.4%

TerexTEX

$1.53B+55.6%

Smurfit Kappa GroupSW

$6.44B+6.0%

Segments

By segment

See full

East Tier Region Areas$1.7B+1.3%

West Tier Region Areas$1.65B+3.2%

All Other Segments$753M+4.9%

Healthcare Solutions$500M+4.2%

Recycling Processing And Sales$368M-5.2%

Renewable Energy$83M+50.9%

Other financials

Income statement

See full

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

See full

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

See full

Operating cash flow$1.5B+24.3%

CapEx$650.0M-21.8%

Free cash flow$851.0M+126%

Valuation

See full

Market cap$89.58B-4.0%

P/E32.1×-2.8×

P/S3.5×-0.5×

Profitability

See full

Gross margin40.7%+1.2pp

Operating margin17.3%-0.4pp

Net margin11%-0.7pp

FCF margin12.9%+4.9pp

Returns & leverage

See full

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:CostOfGoodsAndServicesSold.

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 total cost of revenue?: Waste Management (WM) reported total cost of revenue of $3.69B in Q1 2026.
How has Waste Management's total cost of revenue changed year-over-year?: Waste Management's total cost of revenue increased by 2.3% year-over-year, from $3.61B to $3.69B.
What is the long-term trend for Waste Management's total cost of revenue?: Over 4 years (2021 to 2025), Waste Management's total cost of revenue has grown at a 7.8% compound annual growth rate (CAGR), from $11.11B to $14.98B.
What does total cost of revenue mean?: The aggregate of all direct costs attributable to producing goods and delivering services that generated the company's revenue, including materials, labor, and overhead.