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Waste Management WM Renewable Energy — Operating Income

Other segment segments

West Tier Region Areas
$761M+0.5%
Corporate And Other
-$382M-9.5%
Healthcare Solutions
$101M+539%
Recycling Processing And Sales
$36M+50.0%
All Other Segments
$5M+129%

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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:OperatingIncomeLoss.

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 / RevenuesOperating / ExpensesSelling, / General and / AdministrativeOther / Net / Expenses(b)Depreciation, / Depletion, / Amortization / and AccretionIncome / from / Operations(c)Capital / Expenditures / (d)
Other Ancillary78258840800287516
Collection and Disposal(e)(f)(g)5,4791,3036,7824,4572105651,550611
Recycling Processing and Sales(e)40388491385142543664
Renewable Energy(f)157157815244761
Healthcare Solutions(g)(h)6381047425061263105228
Corporate and Other(f)7815223351129(382)(41)
Total$6,684$1,503$8,187$5,451$690$16$777$1,253$723
Intercompany Elimination(a)(1,503)(1,496)(7)

Item 1. Financial Statements.

FAQ

What is Waste Management's renewable energy — operating income?
Waste Management (WM) reported renewable energy — operating income of $47M in Q2 2026.
How has Waste Management's renewable energy — operating income changed year-over-year?
Waste Management's renewable energy — operating income increased by 23.7% year-over-year, from $38M to $47M.
What is the long-term trend for Waste Management's renewable energy — operating income?
Over 4 years (2021 to 2025), Waste Management's renewable energy — operating income has grown at a 5.7% compound annual growth rate (CAGR), from $108M to $135M.
What does renewable energy — operating income mean?
This is the core profitability metric for the renewable energy segment, calculated as revenue minus cost of goods sold, SG&A, and depreciation. It measures the segment's ability to generate profit from its primary business activities before interest and taxes. It is the key indicator of the segment's financial health and contribution to the parent company.

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