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WM (Waste Management, Inc.) Stock Financials & Earnings | Market Cap Arena
WM
Waste Management, Inc.
Mkt Cap
$96B
Industrials
·
Waste Management
·
🇺🇸 United States
·
NYSE
Revenue (TTM)
$25.2B
Net Income (TTM)
$2.7B
EPS (TTM)
$6.70
Free Cash Flow (TTM)
$2.8B
Gross Margin
29.1%
Op. Margin
18.3%
Net Margin
10.7%
FCF Margin
11.2%
P/S Ratio (TTM)
3.8x
P/E Ratio (TTM)
35.4x
YoY Rev Growth
+14.2%
Employees
—
Earnings Reports
▶
Q4 2025
Browse All Reports
Quarterly
FY
Revenue & Profitability
Revenue
Gross Profit
Operating Income
Quarter
Revenue
Gross Profit
Op. Income
Q1 23
$4.9B
$1.3B
$825M
Q2 23
$5.1B
$1.4B
$945M
Q3 23
$5.2B
$1.5B
$1.0B
Q4 23
$5.2B
$1.5B
$1.0B
Q1 24
$5.2B
$1.5B
$1.0B
Q2 24
$5.4B
$1.6B
$1.1B
Q3 24
$5.6B
$1.7B
$1.1B
Q4 24
$5.9B
$1.7B
$941M
Q1 25
$6.0B
$1.7B
$1.0B
Q2 25
$6.4B
$1.9B
$1.2B
Q3 25
$6.4B
$1.9B
$1.2B
Q4 25
$6.3B
$1.9B
$1.2B
marketcaparena.com
Revenue Breakdown
WM
Waste Management, Inc.
Revenue Breakdown
Q4 2025
marketcaparena.com
Valuation
P/S Ratio
P/E Ratio
Quarter
P/S
P/E
Q1 23
4.8x
42.5x
Q2 23
4.8x
41.9x
Q3 23
4.8x
41.5x
Q4 23
4.7x
41.6x
Q1 24
4.6x
38.7x
Q2 24
4.6x
37.7x
Q3 24
4.5x
36.3x
Q4 24
4.3x
34.9x
Q1 25
4.2x
35.8x
Q2 25
4.0x
35.2x
Q3 25
3.9x
37.4x
Q4 25
3.8x
35.4x
marketcaparena.com
Operating Cash Flow
Operating Cash Flow
Free Cash Flow
Quarter
Operating CF
Free CF
Q1 23
$1.0B
$384M
Q2 23
$1.0B
$510M
Q3 23
$1.3B
$590M
Q4 23
$1.4B
$340M
Q1 24
$1.4B
$699M
Q2 24
$1.2B
$487M
Q3 24
$1.4B
$577M
Q4 24
$1.5B
$396M
Q1 25
$1.2B
$377M
Q2 25
$1.5B
$813M
Q3 25
$1.6B
$816M
Q4 25
$1.7B
$810M
marketcaparena.com
Capital Expenditures
CapEx
Quarter
CapEx
Q1 23
$660M
Q2 23
$520M
Q3 23
$673M
Q4 23
$1.0B
Q1 24
$668M
Q2 24
$667M
Q3 24
$781M
Q4 24
$1.1B
Q1 25
$831M
Q2 25
$732M
Q3 25
$776M
Q4 25
$888M
marketcaparena.com
OpEx vs Revenue Growth (YoY)
Revenue Growth
OpEx Growth
Quarter
Revenue Growth
OpEx Growth
Q1 23
+5.0%
+4.9%
Q2 23
+1.8%
+0.9%
Q3 23
+2.4%
+1.1%
Q4 23
+5.7%
+1.5%
Q1 24
+5.5%
+1.9%
Q2 24
+5.5%
+3.9%
Q3 24
+7.9%
+7.3%
Q4 24
+13.0%
+18.3%
Q1 25
+16.7%
+20.4%
Q2 25
+19.0%
+20.9%
Q3 25
+14.9%
+16.6%
Q4 25
+7.1%
+3.7%
marketcaparena.com
Stock-Based Compensation
SBC ($)
% of Revenue
Quarter
SBC ($)
% of Revenue
Q1 23
$26M
0.5%
Q2 23
$21M
0.4%
Q3 23
$24M
0.5%
Q4 23
$22M
0.4%
Q1 24
$30M
0.6%
Q2 24
$27M
0.5%
Q3 24
$27M
0.5%
Q4 24
$34M
0.6%
Q1 25
$51M
0.8%
Q2 25
-$100M
-1.6%
Q3 25
$0
0.0%
Q4 25
$0
0.0%
marketcaparena.com
OpEx Breakdown
SG&A
Quarter
SG&A
Q1 23
$476M
Q2 23
$467M
Q3 23
$470M
Q4 23
$513M
Q1 24
$491M
Q2 24
$501M
Q3 24
$525M
Q4 24
$747M
Q1 25
$687M
Q2 25
$696M
Q3 25
$665M
Q4 25
$674M
marketcaparena.com
Revenue Segments
Commercial
Industrial
Landfill
Other Collection
Recycling Processing and Sales
Residential
Transfer
WM Renewable Energy
Healthcare Solutions
Quarter
Commercial
Industrial
Landfill
Other Collection
Recycling Processing and Sales
Residential
Transfer
WM Renewable Energy
Healthcare Solutions
Q1 23
$1.3B
$756M
$759M
$639M
$294M
$829M
$289M
$69M
—
Q2 23
$1.3B
$782M
$846M
$689M
$316M
$841M
$320M
$62M
—
Q3 23
$1.3B
$788M
$847M
$718M
$305M
$852M
$331M
$67M
—
Q4 23
$1.3B
$757M
$800M
$740M
$349M
$856M
$317M
$75M
—
Q1 24
$1.3B
$747M
$792M
$698M
$368M
$854M
$309M
$70M
—
Q2 24
$1.3B
$779M
$873M
$729M
$405M
$863M
$348M
$69M
—
Q3 24
$1.4B
$797M
$923M
$765M
$432M
$875M
$365M
$88M
—
Q4 24
$1.4B
$766M
$857M
$772M
$398M
$874M
$359M
$91M
$403M
Q1 25
$1.4B
$741M
$840M
$753M
$384M
$872M
$336M
$91M
$619M
Q2 25
$1.4B
$790M
$1.0B
$796M
$381M
$872M
$389M
$115M
$646M
Q3 25
$1.4B
$808M
$995M
$819M
$372M
$884M
$396M
$115M
$628M
marketcaparena.com
War Chest
Cash & Equivalents
Short-Term Investments
Quarter
Cash
Short-term Investments
Total
Q1 23
$257M
$0
$257M
Q2 23
$144M
$0
$144M
Q3 23
$150M
$0
$150M
Q4 23
$458M
$0
$458M
Q1 24
$322M
$0
$322M
Q2 24
$172M
$778M
$950M
Q3 24
$614M
$0
$614M
Q4 24
$414M
$0
$414M
Q1 25
$216M
$0
$216M
Q2 25
$440M
$0
$440M
Q3 25
$175M
$0
$175M
Q4 25
$201M
$0
$201M
marketcaparena.com
Shares Outstanding
Shares Outstanding
Quarter
Shares (Diluted)
QoQ Change
Q1 23
409M
-0.6%
Q2 23
408M
-0.3%
Q3 23
406M
-0.4%
Q4 23
404M
-0.4%
Q1 24
404M
-0.2%
Q2 24
403M
-0.1%
Q3 24
403M
+0.0%
Q4 24
404M
+0.1%
Q1 25
404M
+0.1%
Q2 25
404M
+0.1%
Q3 25
404M
+0.0%
Q4 25
405M
+0.0%
marketcaparena.com
Revenue Per Employee
Revenue / Employee
Year
Revenue/Employee
Employees
FY 14
$352K
40K
FY 15
$319K
41K
FY 16
$330K
41K
FY 17
$342K
42K
FY 18
$341K
44K
FY 19
$344K
45K
FY 20
$315K
48K
FY 21
$370K
49K
FY 22
$398K
50K
FY 23
$426K
48K
FY 24
$358K
62K
FY 25
$417K
61K
marketcaparena.com