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Overview

WASTE MANAGEMENT INC

WMNYSEIndustrialsRefuse SystemsCIK 0000823768Large-cap benchmark

Latest 10-K: FY2025, filed Feb 9, 2026 · Open the 10-K (Inline XBRL) ↗

Revenue
$25.20B
14.2%YoYup from FY2024
TotalRevenue
Gross profit
$10.19B
17.4%YoYup from FY2024
GrossProfit
Operating income
$4.31B
6.0%YoYup from FY2024
OperatingIncome
Net income
$2.71B
1.4%YoYdown from FY2024
NetIncome
Diluted EPS
$6.70
1.6%YoYdown from FY2024
EPSDiluted
Diluted shares
404.2M
0.2%YoYup from FY2024
WeightedAvgSharesDiluted

At a glance

Growth

  • WASTE MANAGEMENT INC reported revenue of $25.20B for fiscal 2025, up 14.2% from fiscal 2024.
  • Revenue grew faster than the median S&P 500 member in 3 of the last 5 fiscal years.

Profitability

  • Operating margin was 17.1% and net margin was 10.7%, against a median net margin of 12.8% across S&P 500 members for the same fiscal year.

Per share

  • Diluted EPS was $6.70, down 1.6% from the prior year.
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Written from the filed figures on this page by fixed rules — no AI.

Data as of Oct 31, 2026 · Sources: SEC EDGAR 10-K

Financial statements

Annual figures from the 10-K, most recent fiscal year first.

Income Statement

5 annual periods

Chip: YoY change.

Income Statement, annual, newest fiscal year first. 4Y CAGR: compound annual growth from the oldest to the newest year shown. Muted line: large-cap benchmark median change. Line under a label: how many large-cap benchmark companies its median rests on.
Line itemFY2025FY2024FY2023FY2022FY20214Y CAGR
Revenue
$25.20B14.2%up
Benchmark median 6.4%
$22.06B8.0%up
Benchmark median 4.5%
$20.43B3.7%up
Benchmark median 4.8%
$19.70B9.9%up
Benchmark median 10.3%
$17.93B17.8%up
Benchmark median 13.8%
8.9%
Benchmark median 6.6%
Gross Profit
Median of 315 / 498
$10.19B17.4%up
Benchmark median 6.8%
$8.68B11.0%up
Benchmark median 5.5%
$7.82B5.6%up
Benchmark median 5.2%
$7.40B8.6%up
Benchmark median 8.3%
$6.82B16.0%up
Benchmark median 15.7%
10.6%
Benchmark median 6.2%
Operating Income
Median of 373 / 498
$4.31B6.0%up
Benchmark median 7.3%
$4.06B13.7%up
Benchmark median 7.4%
$3.58B6.2%up
Benchmark median 4.9%
$3.37B13.5%up
Benchmark median 7.5%
$2.96B21.8%up
Benchmark median 23.5%
9.8%
Benchmark median 7.2%
Net Income
$2.71B1.4%down
Benchmark median 4.8%
$2.75B19.2%up
Benchmark median 5.7%
$2.30B2.9%up
Benchmark median 1.9%
$2.24B23.2%up
Benchmark median 1.3%
$1.82B21.4%up
Benchmark median 33.9%
10.5%
Benchmark median 4.1%
EPS (Diluted)
$6.701.6%down
Benchmark median 6.2%
$6.8120.3%up
Benchmark median 7.9%
$5.665.0%up
Benchmark median 1.9%
$5.3925.6%up
Benchmark median 1.5%
$4.2921.9%up
Benchmark median 34.8%
11.8%
Benchmark median 5.6%

Balance Sheet

5 annual periods

Chip: YoY change.

Balance Sheet, annual, newest fiscal year first. 4Y CAGR: compound annual growth from the oldest to the newest year shown. Muted line: large-cap benchmark median change. Line under a label: how many large-cap benchmark companies its median rests on.
Line itemFY2025FY2024FY2023FY2022FY20214Y CAGR
Total Assets
$45.84B2.8%up
Benchmark median 5.6%
$44.57B35.8%up
Benchmark median 3.4%
$32.82B4.6%up
Benchmark median 4.1%
$31.37B7.8%up
Benchmark median 2.2%
$29.10B0.8%down
Benchmark median 6.7%
12.0%
Benchmark median 4.7%
Total Liabilities
Median of 357 / 498
$35.84B1.3%down
Benchmark median 6.4%
$36.31B40.1%up
Benchmark median 1.9%
$25.93B5.8%up
Benchmark median 2.9%
$24.50B11.5%up
Benchmark median 2.0%
$21.97B0.4%up
Benchmark median 5.2%
13.0%
Benchmark median 4.4%
Stockholders' Equity
$9.99B21.0%up
Benchmark median 6.8%
$8.25B19.7%up
Benchmark median 5.4%
$6.90B0.5%up
Benchmark median 7.3%
$6.86B3.7%down
Benchmark median 2.5%
$7.13B4.4%down
Benchmark median 9.0%
8.8%
Benchmark median 6.1%
Cash & Equivalents
$201.00M51.4%down
Benchmark median 5.2%
$414.00M9.6%down
Benchmark median 1.9%
$458.00M30.5%up
Benchmark median 6.7%
$351.00M197.5%up
Benchmark median -8.6%
$118.00M78.7%down
Benchmark median -2.9%
14.2%
Benchmark median 2.0%
Total Debt
$22.91B4.2%down
Benchmark median 2.1%
$23.90B47.3%up
Benchmark median 0.2%
$16.23B8.3%up
Benchmark median 0.3%
$14.98B11.8%up
Benchmark median 0.1%
$13.40B2.9%down
Benchmark median -0.1%
14.3%
Benchmark median 4.3%

Cash Flow Statement

5 annual periods

Chip: YoY change.

Cash Flow Statement, annual, newest fiscal year first. 4Y CAGR: compound annual growth from the oldest to the newest year shown. Muted line: large-cap benchmark median change. Line under a label: how many large-cap benchmark companies its median rests on.
Line itemFY2025FY2024FY2023FY2022FY20214Y CAGR
Operating Cash Flow
$6.04B12.1%up
Benchmark median 6.3%
$5.39B14.2%up
Benchmark median 4.8%
$4.72B4.0%up
Benchmark median 9.9%
$4.54B4.6%up
Benchmark median -0.7%
$4.34B27.5%up
Benchmark median 10.7%
8.6%
Benchmark median 7.0%
Capital Expenditures
$3.23B0.1%down
Benchmark median 5.4%
$3.23B11.6%up
Benchmark median 2.8%
$2.90B11.9%up
Benchmark median 11.3%
$2.59B35.9%up
Benchmark median 14.0%
$1.90B20.1%up
Benchmark median 8.1%
14.1%
Benchmark median 9.0%
Free Cash Flow
Median of 378 / 498
$2.82B30.4%up
Benchmark median 7.3%
$2.16B18.4%up
Benchmark median 6.1%
$1.82B6.4%down
Benchmark median 8.8%
$1.95B19.9%down
Benchmark median -11.3%
$2.43B33.9%up
Benchmark median 10.2%
3.7%
Benchmark median 4.9%

n/m: not meaningful — the base (the prior year, or the first year for the CAGR) was zero or negative, or a per-share figure’s share basis changed (stock split). “—” means the figure is not available.

Benchmark median = median of the companies in the benchmark universe on Dec 31 of each fiscal year, from their own 10-K filings; a change counts only companies whose prior year was positive. Each median uses every member that reports the line item; where fewer than 80% do (banks and insurers file no gross profit), the row names how many. Published where at least 250 companies report it. Updated 2026-10-27. This compares reported figures, not share-price returns. Methodology

Ratios & valuation

FY2025

Every ratio read two ways: Wall Street’s popular formula and the value investor’s stricter one. Same question, same unit. Pick a ratio.

Valuation · Earnings yield

What a dollar of market value earned

3.0%

Wall Street

on net earnings

FY2024 3.4%

3.2%

Value investor

on free cash flow

FY2024 2.7%

Gap +0.2 pts: Value-investor figure 0.2 points higher

How it’s calculated

Wall Street · on net earnings

Diluted EPS ÷ fiscal-year-end share price (1 ÷ P/E)

pe_ratio (ratio table)

P/E 32.8×

Value investor · on free cash flow

(Operating cash flow − capital expenditures) ÷ market capitalisation (fiscal-year-end close × weighted-average diluted shares)

free cash flow ÷ market cap

Each ratio measures one thing two ways, in the same unit: the popular formula, then a stricter one, so a lower figure is the stricter reading. Gap = value-investor figure minus Wall Street figure, from the figures shown.

Price-based ratios use the fiscal-year-end closing price. Free cash flow = operating cash flow − capital expenditures (we compute it; filings rarely report it). n/m = not meaningful (denominator ≤ 0); “—” = not reported. Each ratio’s formulas are under “How it’s calculated”.

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Smart money

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Showing the most recent 5 annual periods. Get longer history on the Pro plan, or the full history (1993–present) plus the smart-money dataset and webhooks on Institutional.

Peers, filings & research

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Research Reports

No published research on WM yet.

Reports appear here as analysts publish research on this company — built with Valuein's agentic workflows on data pinned to its SEC filing. Be the first: run equity_research_brief on WM and publish the result to your public profile.

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Cite this page

Data as of Oct 31, 2026. Canonical address: https://valuein.biz/data/WM

APA-style text
Valuein. (2026, October 31). WASTE MANAGEMENT INC (WM) financial statements, earnings power and smart-money summary [Data set]. Source: SEC EDGAR filings. https://valuein.biz/data/WM
BibTeX
@misc{valuein_wm_2026,
  author = {{Valuein}},
  title = {WASTE MANAGEMENT INC (WM) financial statements, earnings power and smart-money summary},
  year = {2026},
  howpublished = {\url{https://valuein.biz/data/WM}},
  note = {Data as of 2026-10-31; source: SEC EDGAR filings}
}
Open 10-K in SEC Inline XBRL viewer

10-K filed Feb 9, 2026 · accession 0001104659-26-012049

Agents: every figure Valuein's tools return carries a fact_id that traces to its SEC filing.

point-in-time · survivorship-free · every number traceable to its SEC filing

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