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Waste Management WM Commercial — Revenue

Other product segments

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$89.66B-3.9%
Enterprise value$112.46B
P/E31.4×-2.9×
P/S3.5×-0.4×

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
2026
Commercial$1,485$236$1,721
Industrial8202451,065
Residential91119930
Other collection84974923
Total collection4,0655744,639
Landfill1,0044291,433
Transfer410300710

Item 1. Financial Statements.

FAQ

What is Waste Management's commercial — revenue?
Waste Management (WM) reported commercial — revenue of $1.72B in Q2 2026.
How has Waste Management's commercial — revenue changed year-over-year?
Waste Management's commercial — revenue increased by 6.4% year-over-year, from $1.62B to $1.72B.
What is the long-term trend for Waste Management's commercial — revenue?
Over 4 years (2021 to 2025), Waste Management's commercial — revenue has grown at a 8.2% compound annual growth rate (CAGR), from $4.76B to $6.52B.
What does commercial — revenue mean?
This metric represents the total gross revenue generated from the commercial waste collection and disposal services segment, excluding any pass-through taxes collected on behalf of government entities. It reflects the core top-line performance of the business unit serving business and industrial clients, capturing the impact of pricing strategies, service volume, and contract renewals. This figure is a primary indicator of the segment's market penetration and its ability to capture value within the commercial waste management sector.

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