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Waste Management WM Recycling Processing And Sales — Operating Income

Other segment segments

West Tier Region Areas
$737M+10.0%
East Tier Region Areas
$723M+9.4%
Corporate And Other
-$400M-22.3%
Healthcare Solutions
$101M+7.4%
Renewable Energy
$48M+153%

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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:OperatingIncomeLoss.

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 recycling processing and sales — operating income?
Waste Management (WM) reported recycling processing and sales — operating income of $19M in Q1 2026.
How has Waste Management's recycling processing and sales — operating income changed year-over-year?
Waste Management's recycling processing and sales — operating income increased by 5.6% year-over-year, from $18M to $19M.
What is the long-term trend for Waste Management's recycling processing and sales — operating income?
Over 3 years (2021 to 2024), Waste Management's recycling processing and sales — operating income has grown at a -26.5% compound annual growth rate (CAGR), from $217M to $86M.
What does recycling processing and sales — operating income mean?
This metric represents the net profitability of the recycling processing and sales business segment after deducting operating expenses, including cost of goods sold, depreciation, and administrative costs. It serves as a primary indicator of the segment's ability to generate profit from its core recycling operations independent of corporate financing or tax structures.