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Waste Management WM Collection — Revenue

Other product segments

Commercial
$1.72B+6.4%
Landfill
$1.43B-0.9%
Industrial
$1.07B+5.1%
Residential
$930M+4.0%
Other Collection
$923M+6.8%
Transfer
$710M+4.3%
Service Other
$15M0.0%

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Other financials

Income statement

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Revenue$6.7B+4.0%
Gross profit$2.7B+5.3%
Operating income$1.3B+8.9%
Net income$785.0M+8.1%
EPS (diluted)$1.95+8.3%

Balance sheet

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Cash & equivalents$557.0M+26.6%
Total debt$23.4B
Total equity$9.9B+7.9%
Total assets$46.4B+1.6%

Cash flow

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Operating cash flow$1.7B+11.7%
CapEx$630.0M-13.9%
Free cash flow$1.1B+34.8%

Valuation

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Market cap$91.54B-1.9%
Enterprise value$114.34B
P/E32.1×-2.2×
P/S3.6×-0.3×

Profitability

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Gross margin40.9%+1.2pp
Operating margin17.6%0.0pp
Net margin11.1%-0.2pp
FCF margin13.9%+4.9pp

Returns & leverage

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Return on equity29.8%-2.8pp
Debt / equity2.4×
Current ratio0.9×+0.1×

Where this comes from

Reported directly by Waste Management in its filing.

Tagged under the XBRL concept us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.

The source filing: Waste Management’s 10-Q, filed July 29, 2026.

Filed
Jul 29, 2026, 12:37 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001104659-26-088016
Three Months Ended June 30:Net / Operating / RevenuesIntercompany / Operating / Revenues (a)Gross / Operating / Revenues
Industrial8202451,065
Residential91119930
Other collection84974923
Total collection4,0655744,639
Landfill1,0044291,433
Transfer410300710
Total Collection and Disposal5,4791,3036,782
Recycling Processing and Sales40388491

Item 1. Financial Statements.

FAQ

What is Waste Management's collection — revenue?
Waste Management (WM) reported collection — revenue of $4.64B in Q2 2026.
How has Waste Management's collection — revenue changed year-over-year?
Waste Management's collection — revenue increased by 5.7% year-over-year, from $4.39B to $4.64B.
What is the long-term trend for Waste Management's collection — revenue?
Over 4 years (2021 to 2025), Waste Management's collection — revenue has grown at a 10.8% compound annual growth rate (CAGR), from $11.68B to $17.57B.
What does collection — revenue mean?
This metric represents the total gross revenue generated from core waste collection services provided to residential, commercial, and industrial customers, excluding any pass-through taxes or environmental fees. It serves as the primary indicator of the scale and pricing power of the company's foundational waste hauling operations. By isolating revenue from service contracts, it allows investors to assess the underlying demand and organic growth trends within the collection segment.

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