What does recycling processing and sales — goodwill mean?

The intangible asset value recorded when the recycling segment acquires another business for a price exceeding the fair market value of its identifiable net assets. It reflects the premium paid for synergies, brand reputation, and market share within the recycling industry.

Waste Management WM Recycling Processing And Sales — Goodwill

Other segment segments

East Tier Region Areas

$5.89B—

West Tier Region Areas

$3.79B—

Healthcare Solutions

$3.78B+3.9%

All Other Segments

$11M—

Corporate And Other

$1M0.0%

Similar metrics at other companies

STLDMetals Recycling Operations — Goodwill

$189.41M0.0%

HZORetail Operations — Goodwill

$525.12M-0.4%

BSETRetail — Goodwill

$41K—

TDCProduct Sales — Goodwill

$392M+1.3%

DKLGathering and Processing — Goodwill

$4.2M0.0%

BRK.AService And Retailing Businesses — Goodwill

$5.68B-3.3%

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%

CapEx$650.0M-21.8%

Free cash flow$851.0M+126%

Valuation

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Market cap$95.88B+4.5%

P/E34.3×+0.6×

P/S3.8×-0.1×

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:Goodwill.

The official record: Waste Management’s 10-K, filed February 9, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Waste Management's recycling processing and sales — goodwill?: Waste Management (WM) reported recycling processing and sales — goodwill of $412M in Q4 2025.
How has Waste Management's recycling processing and sales — goodwill changed year-over-year?: Waste Management's recycling processing and sales — goodwill increased by 11.4% year-over-year, from $370M to $412M.
What does recycling processing and sales — goodwill mean?: The intangible asset value recorded when the recycling segment acquires another business for a price exceeding the fair market value of its identifiable net assets. It reflects the premium paid for synergies, brand reputation, and market share within the recycling industry.