OakChart

Waste Management Inc

WMIndustrials·Waste Management·USA·Large·NYSE·Nov 11 • 8:44 AM ET

238.75+1.37 (0.58%)
2026-11-11 14:57 CET
Market cap
94,390.60 USD m
Revenue, TTM
26,070.00 USD m
Net income, TTM
3,070.00 USD m
Free cash flow, TTM
3,740.00 USD m
EPS diluted, TTM
7.62
P/E
31.32
Compare

Price

WM against its 20, 50 and 200-day averages
2050200miss
200.00220.00240.004.0M7.9MMay 26Jun 26Jul 26Aug 26Sep 26Oct 26Nov 26WMclose 238.7520-day 234.2450-day 220.46200-day 225.70238.75

3.8% under 248.13 on 6 Mar 2026. Last 15 sessions, 10.1% high to low

Profile

WM
52-week range, 80% of the way up
200.57248.13

Waste Management, Inc. is a holding company, which engages in the provision of waste management environmental services. It operates through the following segments: Collection and Disposal-East Tier (East Tier), Collection and Disposal-West Tier (West Tier), Recycling Processing and Sales, Renewable Energy, and Healthcare Solutions. The East Tier segment includes the Eastern United States, the Great Lakes Region, and Canada. The West Tier segment refers to the upper Midwest region and British Columbia, Canada. The Recycling Processing and Sales segment focuses on the processing and sales of materials collected from residential, commercial, and industrial customers. The Renewable Energy segment develops, operates, and promotes projects for landfill gas use. The Healthcare Solutions segment relates to its primarily business to business company providing services that protect people and brands, promote health and well-being and safeguard the environment. The company was founded on September 30, 1987 and is headquartered in Houston, TX.

IndexS&P 500, RUI
Employees60500
IPOJun 03, 1988
Beta0.38
ATR, 14d5.30
Rel volume0.00
Short float1.82%
Insider own0.24%
Inst own86.65%

Snapshot

6 groups

Valuation

IndexS&P 500, RUI
Market Cap94.94B
Enterprise Value118.05B
Income3.07B
Sales26.07B
Book/sh24.81
Cash/sh0.65
Dividend Est.3.77 (1.58%)
Dividend TTM3.66 (1.53%)
Dividend Ex-DateSep 11, 2026
Dividend Gr. 3/5Y8.27% 8.65%
Payout49.26%
Employees60500
IPOJun 03, 1988

Ratios

P/E31.32
Forward P/E26.87
PEG2.91
P/S3.64
P/B9.62
P/C367.97
P/FCF25.38
EV/EBITDA14.85
EV/Sales4.53
Quick Ratio0.78
Current Ratio0.82
Debt/Eq2.37
LT Debt/Eq2.21
Option/ShortYes / Yes

Earnings

EPS (ttm)7.62
EPS next Y8.89
EPS next Q2.08
EPS this Y7.42%
EPS next Y10.29%
EPS next 5Y9.23%
EPS past 3/5Y7.50% 13.74%
Sales past 3/5Y8.56% 10.62%
EPS Y/Y TTM19.97%
Sales Y/Y TTM5.19%
EPS Q/Q37.51%
Sales Q/Q6.25%
EarningsOct 27 AMC
EPS/Sales Surpr.-1.34% 0.49%

Ownership

Insider Own0.24%
Insider Trans-0.47%
Inst Own86.65%
Inst Trans-0.33%
ROA6.66%
ROE31.67%
ROIC9.68%
Gross Margin29.00%
Oper. Margin18.57%
Profit Margin11.78%
SMA201.93%
SMA508.30%
SMA2005.78%
Trades-

Technical

Shs Outstand397.72M
Shs Float396.69M
Short Float1.82%
Short Ratio3.20
Short Interest7.20M
52W High248.13 -3.78%
52W Low200.57 19.03%
Volatility2.03% 1.96%
ATR (14)5.30
RSI (14)61.11
Beta0.38
Rel Volume0.00
Avg Volume2.25M
Volume372

Performance

Perf Week0.11%
Perf Month12.71%
Perf Quarter6.48%
Perf Half Y10.31%
Perf YTD8.67%
Perf Year17.45%
Perf 3Y38.99%
Perf 5Y48.07%
Perf 10Y253.13%
Recom1.90
Target Price257.87
Prev Close237.38
Price238.75
Change %0.58%

Analyst ratings

latest 10 of 20
DateActionAnalystRating changeTargetImplied
Sep 15, 2026ResumedWWolfe ResearchPeer Perform
Jan 21, 2026DowngradeBScotiabankSector Outperform → Sector Perform$250+4.7%
Jan 09, 2026UpgradeUUBSNeutral → Buy$260+8.9%
Nov 25, 2025InitiatedDDZ BankBuy$250+4.7%
Nov 24, 2025InitiatedGGoldmanBuy$256+7.2%
Nov 14, 2025InitiatedWWells FargoOverweight
Nov 12, 2025InitiatedBBernsteinOutperform$255+6.8%
Nov 04, 2025UpgradeRRobert W. BairdNeutral → Outperform$242+1.4%
Sep 30, 2025InitiatedSStifelBuy$252+5.5%
Sep 19, 2025InitiatedBBarclaysOverweight$272+13.9%

Peers

Mkt cap
TickerCompanyMkt cap
RSGRepublic Services Inc75.43B
WCNWaste Connections Inc47.16B
GFLGFL Environmental Inc18.32B
CWSTCasella Waste Systems Inc5.95B
CLHClean Harbors Inc15.34B
QRHCQuest Resource Holding Corp24.24M
ONTOnterris Inc829.53M
PESIPerma-Fix Environmental Services Inc334.07M
VLTOVeralto Corp28.74B
FSSFederal Signal Corp7.03B

Insider trading

latest 14 of 73
InsiderRelationshipDateTransactionCostSharesValueTotal heldForm
Varkey JohnsonSVP-Chief Information OfficerNov 05 '26Sale242.00500121,0008,713Nov 09 08:30 AM
Varkey JohnsonOfficerNov 05 '26Proposed Sale242.00500121,000Nov 05 01:57 PM
Carroll John A.VP & Chief Accounting OfficerSep 04 '26Sale219.901,365300,1643,509Sep 08 02:44 PM
Carroll John A.OfficerSep 04 '26Proposed Sale219.931,365300,198Sep 04 02:26 PM
Carrasco RafaelSVP of Enterprise StrategyJun 05 '26Option Exercise126.002,655334,54318,195Jun 08 03:53 PM
Carrasco RafaelSVP of Enterprise StrategyJun 05 '26Sale220.472,655585,33515,540Jun 08 03:53 PM
Carrasco RafaelOfficerJun 05 '26Proposed Sale220.472,655585,335Jun 05 04:56 PM
Reed David L.EVP & CFOMar 09 '26Sale245.267518,3948,495Mar 10 03:43 PM
Morris John JPresident & COOMar 09 '26Option Exercise150.125,484823,231104,140Mar 10 01:51 PM
Morris John JPresident & COOMar 09 '26Sale243.384,2111,024,86399,929Mar 10 01:51 PM
Varkey JohnsonSVP-Chief Information OfficerMar 09 '26Sale245.2712129,6779,293Mar 10 01:51 PM
Carroll John A.VP & Chief Accounting OfficerMar 09 '26Sale245.304711,5298,983Mar 10 01:51 PM
DeSantis Christopher P.SVP Operations - EastMar 09 '26Sale245.506114,9769,393Mar 10 01:50 PM
Reed David L.OfficerMar 09 '26Proposed Sale245.267518,394Mar 09 05:40 PM

Held by

AUM
TickerCompanyAUM
VTIVanguard Morningstar Total Stock Market ETFAUM: 687.42B
VOOVanguard S&P 500 ETFAUM: 1054.75B
IVViShares Core S&P 500 ETFAUM: 871.38B
SPYSPDR S&P 500 ETF TrustAUM: 793.23B
VTVVanguard Morningstar Value ETFAUM: 196.23B
XLIState Street Industrial Select Sector SPDR ETFAUM: 30.88B
VIGVanguard Dividend Appreciation FTFAUM: 117.07B
USMViShares MSCI USA Min Vol Factor ETFAUM: 24.30B
VYMVanguard High Dividend Yield Indx ETFAUM: 83.15B
SPYMState Street SPDR Portfolio S&P 500 ETFAUM: 183.48B

News

latest 14 of 206
  • WM Launches "I Recycle" Pledge Ahead of America Recycles Day (PR Newswire)
  • Waste Management: Q3 Earnings Snapshot (Associated Press)
  • WM Misses By 3 Cents As Fuel And Insurance Costs Stall Margins, While Healthcare Turnaround And Cash Flow Hold Firm (Earnings Whispers)
  • WM Announces Third Quarter 2026 Earnings (Business Wire)
  • Big Short Investor Predicts Imminent Market Correction: 3 Stocks to Buy in a Downturn (TIKR)
  • Loading…
  • WM Sets Date for Third Quarter 2026 Earnings Conference Call (Business Wire)
  • Waste Management Inc's Dividend Analysis (GuruFocus.com)
  • Jim Fish to Retire from WM; John Morris Named as Next CEO (Business Wire)
  • WM Announces Cash Dividend (Business Wire)
  • Reading Between The Lines Of WM's Latest Call (Trefis)
  • Waste Management Inc (WM) Q2 2026 Earnings Call Highlights: Strong Cash Flow and Margin ... (GuruFocus.com)
  • Waste Management: Q2 Earnings Snapshot (Associated Press)
  • WM Announces Second Quarter 2026 Earnings (Business Wire)

Quarterly earnings

actual against estimate
PeriodReportedEPS actEPS estEPS repSales actSales estAnalysts
2026Q32026-10-272.1502.1792.0506,8466,81324
2026Q22026-07-282.0201.9771.9516,6846,70924
2026Q12026-04-281.8101.7501.7886,2276,27923
2025Q42026-01-281.9301.9481.8346,3136,38723
2025Q32025-10-271.9802.0121.4926,4436,49221
2025Q22025-07-281.9201.8921.7966,4306,36119
2025Q12025-04-281.6701.5861.5776,0186,10819
2024Q42025-01-301.7001.8021.4825,8935,83620
2024Q32024-10-281.9601.8851.8855,6095,51320
2024Q22024-07-241.8201.8301.6875,4025,42918
2024Q12024-04-241.7501.5001.7555,1595,21516
2023Q42024-02-121.7401.5311.2205,2175,19320
2023Q32023-10-241.6301.6141.6335,1985,27418
2023Q22023-07-251.5101.5471.5095,1195,23319
2023Q12023-04-261.3101.2851.3034,8924,85518
2022Q42023-02-011.3001.4141.2134,9354,96716

Annual earnings

PeriodEPS actEPS estEPS repSales actSales est
2019FY4.4004.3763.90615,45515,582
2020FY4.0304.0003.51915,21815,129
2021FY4.8404.8564.29417,93117,873
2022FY5.5905.7045.39319,69819,737
2023FY6.1905.9855.66220,42620,403
2024FY7.2307.3096.80722,06321,994
2025FY7.5007.5066.70025,20425,278
2026FY-8.057--26,462
2027FY-8.886--27,863
2028FY-9.775--29,065
2029FY-10.856--30,906
2030FY-11.853--32,476

Estimate revisions

last 14 periods
PeriodTypeDateEstimatesUpDownMeanLowHigh
2026Q4S2026-11-0622716,7076,6326,743
2026Q4S2026-10-2922716,7076,6326,743
2026Q4S2026-10-2822716,7066,6326,743
2026Q4S2026-10-2722606,6976,6146,795
2026Q4S2026-10-2122616,6976,6146,795
2026Q4S2026-10-1422616,6986,6146,795
2026Q4S2026-10-1322616,6956,6146,795
2026Q4S2026-10-1222426,6886,6146,795
2026Q4S2026-10-0822476,6886,6146,795
2026Q4S2026-10-0722296,6816,6146,771
2026Q4S2026-10-0622296,6816,6146,771
2026Q4S2026-10-0122196,6766,6146,752
2026Q4S2026-09-2822196,6736,6146,752
2026Q4S2026-09-2522196,6736,6146,752

Estimate history

EPS, annual4.414.453.9063.5194.2945.3935.6626.8076.77.624
Period201720182019202020212022202320242025TTM
EPS, quarterly1.8851.4821.5771.7961.4921.8341.7881.9512.051
PeriodQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Sales, annual14485149141545515218179311969820426220632520426070
Period201720182019202020212022202320242025TTM
Sales, quarterly560958936018643064436313622766846846
PeriodQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Shares, annual433.319423.983424.326422.802416.124407.886401.455401.494402.942397.718
Period201720182019202020212022202320242025MRQ
Shares, quarterly401.354401.494402.371402.602402.862402.942402.274399.968397.718
PeriodQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26

Income statement, annual

Currency USD, millions
MetricTTM2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY
Total Revenue26,070.0025,204.0022,063.0020,426.0019,698.0017,931.0015,218.0015,455.0014,914.00
Cost of Goods Sold Incl. D&A18,509.0017,875.0015,650.0014,677.0014,332.0013,110.0011,012.0011,070.0010,726.00
Gross Profit7,561.007,329.006,413.005,749.005,366.004,821.004,206.004,385.004,188.00
Selling, General and Administrative Excl. Other2,719.002,722.002,264.001,926.001,928.001,813.001,728.001,631.001,453.00
Other Operating Expense0.000.000.000.000.000.000.000.000.00
Operating Income4,842.004,607.004,149.003,823.003,438.003,008.002,478.002,754.002,735.00
Interest Expense918.00912.00598.00500.00378.00365.00425.00411.00363.00
Unusual Expense39.00283.00119.00248.0078.00307.0062.0091.0042.00
Net Income Before Taxes3,894.003,426.003,458.003,021.002,918.002,349.001,893.002,105.002,376.00
Income Taxes823.00717.00713.00745.00678.00532.00397.00434.00453.00
Consolidated Net Income3,071.002,709.002,745.002,276.002,240.001,817.001,496.001,671.001,923.00
Net Income From Continuing Operations3,070.002,708.002,746.002,304.002,238.001,816.001,496.001,670.001,925.00
Net Income3,070.002,708.002,746.002,304.002,238.001,816.001,496.001,670.001,925.00
EPS (Recurring)7.757.197.016.095.524.803.624.064.52
EPS (Basic, Before Extraordinaries)7.646.726.845.695.424.323.543.934.49
EPS (Diluted)7.626.706.815.665.394.293.523.914.45
EBITDA7,952.007,612.006,549.006,024.005,588.005,118.004,252.004,426.004,307.00
Non-Operating Income (Expense)10.0014.0026.00-54.00-64.0013.00-98.00-147.0046.00
Other After Tax Adjustments0.000.000.000.000.000.000.000.000.00
Stock Option Compensation Expense-125.0081.0063.0057.0076.00172.00164.0062.00
Price To Earnings Ratio31.1431.1430.8331.6629.1438.8233.5129.1919.95
Price To Sales Ratio3.133.523.693.573.313.943.293.152.58
Gross Margin29.0029.0829.0728.1527.2426.8927.6428.3728.08
Operating Margin18.5718.2818.8118.7217.4516.7816.2817.8218.34
Net Margin11.7810.7412.4511.2811.3610.139.8310.8112.91
Shares Outstanding397.72402.94401.49401.46407.89416.12422.80424.33423.98
Market Capitalization94,390.6094,390.6080,991.6572,137.0064,395.6369,816.9449,837.9348,346.5037,940.62

Income statement, quarterly

Currency USD, millions
Metric2026Q32026Q22026Q12025Q42025Q32025Q22025Q12024Q4
Total Revenue6,846.006,684.006,227.006,313.006,443.006,430.006,018.005,893.00
Cost of Goods Sold Incl. D&A4,885.004,732.004,429.004,463.004,562.004,547.004,303.004,205.00
Gross Profit1,961.001,952.001,798.001,850.001,881.001,883.001,715.001,688.00
Selling, General and Administrative Excl. Other655.00683.00707.00674.00665.00696.00687.00747.00
Other Operating Expense0.000.000.000.000.000.000.000.00
Operating Income1,306.001,269.001,091.001,176.001,216.001,187.001,028.00941.00
Interest Expense237.00233.00225.00223.00225.00232.00232.00201.00
Unusual Expense9.006.004.0020.0014.0012.0013.009.00
Net Income Before Taxes1,044.001,024.00891.00935.00775.00928.00788.00700.00
Income Taxes224.00238.00168.00193.00172.00201.00151.00102.00
Consolidated Net Income820.00786.00723.00742.00603.00727.00637.00598.00
Net Income From Continuing Operations820.00785.00723.00742.00603.00726.00637.00598.00
Net Income820.00785.00723.00742.00603.00726.00637.00598.00
EPS (Recurring)2.071.961.791.871.521.821.601.50
EPS (Basic, Before Extraordinaries)2.061.961.791.841.501.801.581.49
EPS (Diluted)2.051.951.791.831.491.801.581.48
EBITDA2,098.002,046.001,826.001,982.001,980.001,931.001,719.001,627.00
Non-Operating Income (Expense)-16.00-6.0029.002.00-202.00-15.005.00-31.00
Other After Tax Adjustments0.000.000.000.000.000.000.000.00
Stock Option Compensation Expense73.4741.0863.99-68.7348.9854.51-
Price To Earnings Ratio31.1432.2634.3034.6232.7734.5134.0130.83
Price To Sales Ratio3.133.493.663.533.603.864.083.69
Gross Margin28.6429.2028.8729.3029.1929.2828.5028.64
Operating Margin19.0818.9917.5218.6318.8718.4617.0815.97
Net Margin11.9811.7411.6111.759.3611.2910.5810.15
Shares Outstanding397.72399.97402.27402.94402.86402.60402.37401.49
Market Capitalization94,390.6089,503.2692,682.5888,513.9188,956.9592,079.0093,093.6480,991.65

Balance sheet, annual

Currency USD, millions
Metric2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY
Cash & Short Term Investments310.00422.00468.00376.00125.00581.003,576.0061.0022.00
Short Term Receivables4,055.003,687.002,870.002,752.002,546.002,624.002,319.002,275.002,374.00
Inventories225.00206.00173.00164.00135.00124.00106.00102.0096.00
Other Current Assets320.00459.00293.00259.00263.00211.00208.00207.00202.00
Total Current Assets4,910.004,774.003,804.003,551.003,069.003,540.006,209.002,645.002,694.00
Net Property, Plant & Equipment21,337.0020,336.0017,421.0016,175.0014,870.0014,614.0013,317.0011,942.0011,559.00
Total Investments and Advances1,292.001,259.001,028.00926.00780.00773.00796.00702.00518.00
Intangible Assets17,647.0017,626.0010,013.0010,150.009,926.0010,018.007,053.007,002.006,794.00
Deferred Tax Assets560.00656.00422.00476.00517.00323.00408.00315.00212.00
Other Assets649.00572.00557.00565.00452.00400.00368.00359.00264.00
Total Assets46,395.0045,223.0033,245.0031,843.0029,614.0029,668.0028,151.0022,965.0022,041.00
Short Term Debt Incl. Current Port. of LT Debt876.001,521.00400.00478.00772.00614.00297.00432.00739.00
Accounts Payable1,867.002,046.001,709.001,766.001,375.001,121.001,065.001,037.001,040.00
Other Current Liabilities2,781.002,691.002,117.002,150.001,935.001,818.001,782.001,639.001,483.00
Total Current Liabilities5,524.006,258.004,226.004,394.004,082.003,553.003,144.003,108.003,262.00
Long Term Debt23,041.0023,419.0016,347.0015,030.0013,156.0013,712.0013,646.009,594.008,752.00
Provision for Risks Charges3,314.003,084.002,942.002,753.002,426.002,253.001,963.001,859.001,770.00
Deferred Tax Liabilities3,720.003,471.002,248.002,209.002,211.002,129.001,815.001,606.001,460.00
Other Liabilities805.00737.00586.00593.00613.00567.00513.00522.00755.00
Total Liabilities36,404.0036,969.0026,349.0024,979.0022,488.0022,214.0021,081.0016,689.0015,999.00
Non-Equity Reserves0.000.000.000.000.000.000.000.000.00
Preferred Stock - Carrying Value0.000.000.000.000.000.000.000.000.00
Common Equity9,990.008,252.006,903.006,849.007,124.007,452.007,068.006,275.006,019.00
Total Shareholders Equity9,990.008,252.006,903.006,849.007,124.007,452.007,068.006,275.006,019.00
Accumulated Minority Interest1.002.00-7.0015.002.002.002.001.0023.00
Total Equity9,991.008,254.006,896.006,864.007,126.007,454.007,070.006,276.006,042.00
Total Liabilities & Stockholders Equity46,395.0045,223.0033,245.0031,843.0029,614.0029,668.0028,151.0022,965.0022,041.00
Book Value Per Share24.7920.5517.1916.7917.1217.6316.6614.8013.89
Tangible Book Value Per Share-19.00-23.35-7.75-8.09-6.73-6.070.04-1.71-1.79
Full-Time Employees60,50061,70048,00049,50048,50048,25044,90043,70042,300
Price to Book Ratio9.5710.1510.389.199.756.696.846.017.10
Return on Assets5.917.007.087.286.135.176.538.558.99
Return on Equity29.6936.2433.5132.0324.9220.6125.0331.3234.45
Return on Invested Capital8.208.679.9110.238.957.078.0612.1313.19
Quick Ratio0.850.730.860.770.720.961.940.820.80
Current Ratio0.890.760.900.810.751.001.970.850.83

Cash flow, annual

Currency USD, millions
MetricTTM2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY
Net Income3,071.002,709.002,745.002,276.002,240.001,817.001,496.001,671.001,923.00
Depreciation3,110.003,005.002,400.002,201.002,150.002,110.001,774.001,672.001,572.00
Other Funds (Non Cash)298.00479.00152.00410.00242.00362.00295.00351.0079.00
Funds from Operations6,797.006,556.005,421.004,970.004,681.004,212.003,730.003,794.003,599.00
Extraordinary Item0.000.000.000.000.000.000.000.000.00
Changes in Working Capital-232.00-513.00-31.00-251.00-145.00126.00-327.0080.00-29.00
Cash from Operating Activities6,565.006,043.005,390.004,719.004,536.004,338.003,403.003,874.003,570.00
Capital Expenditures-2,825.00-3,227.00-3,231.00-2,895.00-2,587.00-1,904.00-1,632.00-1,818.00-1,694.00
Net Assets From Acquisitions-89.00-395.00-7,488.00-170.00-377.00-75.00-4,085.00-521.00-460.00
Sale of Fixed Assets and Businesses92.00121.00158.0078.0027.0096.00885.0049.00208.00
Purchase or Sale of Investments0.000.000.000.000.000.000.000.00-
Purchase of Investments0.000.000.000.000.000.000.000.00-
Sale Or Maturity of Investments0.000.000.000.000.000.000.000.00-
Other Uses-104.00-65.00-40.00-104.00-126.00-11.00-15.00-86.00-223.00
Other Sources0.000.000.000.000.000.000.000.000.00
Cash from Investing Activities-2,926.00-3,566.00-10,601.00-3,091.00-3,063.00-1,894.00-4,847.00-2,376.00-2,169.00
Cash Dividends Paid-1,474.00-1,334.00-1,210.00-1,136.00-1,077.00-970.00-927.00-876.00-802.00
Change in Capital Stock-1,535.0061.00-209.00-1,258.00-1,456.00-1,284.00-339.00-181.00-952.00
Repurchase of Common Pref Stock-1,583.000.00-262.00-1,302.00-1,500.00-1,350.00-402.00-248.00-1,004.00
Sale of Common Pref Stock48.0061.0053.0044.0044.0066.0063.0067.0052.00
Proceedsfrom Stock Options0.000.000.000.000.000.000.000.000.00
Issuance or Reduction of Debt, Net-541.00-1,333.006,708.00912.001,360.00-667.00-209.003,149.00313.00
Change in Long Term Debt-541.00-1,333.006,708.00912.001,360.00-667.00-2,017.004,150.00-140.00
Issuance of Long Term Debt24,102.0020,414.0024,578.0021,306.008,688.007,948.005,790.004,683.00359.00
Reduction of Long Term Debt-24,643.00-21,747.00-17,870.00-20,394.00-7,328.00-8,615.00-7,807.00-533.00-499.00
Net Financing Active Other Cash Flow-59.00-67.00-134.00-42.00-43.0021.00-84.00-128.00-67.00
Other Financing Activities Uses-59.00-67.00-134.00-42.00-43.00-28.00-84.00-128.00-67.00
Cash from Financing Activities-3,609.00-2,673.005,155.00-1,524.00-1,216.00-2,900.00-1,559.001,964.00-1,508.00
Exchange Rate Effect-6.006.00-9.003.00-6.002.004.002.00-3.00
Net Change in Cash24.00-190.00-65.00107.00251.00-454.00-2,999.003,464.00-110.00
Free Cash Flow3,740.002,816.002,159.001,824.001,949.002,434.001,771.002,056.001,876.00
Preferred Dividends (Cash Flow)-0.000.000.000.000.000.000.000.00
Price to Free Cash Flow35.9859.9285.78105.9274.6648.2159.4041.2935.81
Deferred Taxes & Investment Tax Credit-363.00124.0083.0049.00-77.00165.00100.0025.00

Balance sheet, quarterly

Currency USD, millions
Metric2026Q32026Q22026Q12025Q42025Q32025Q2
Cash & Short Term Investments258.00566.00172.00310.00235.00485.00
Short Term Receivables4,359.004,206.003,964.004,055.004,017.003,931.00
Inventories239.00232.00235.00225.00223.00224.00
Other Current Assets394.00393.00437.00320.00364.00344.00
Total Current Assets5,250.005,397.004,808.004,910.004,839.004,984.00
Net Property, Plant & Equipment20,849.0020,440.0020,335.0021,337.0020,069.0019,963.00
Total Investments and Advances1,322.001,386.001,410.001,292.001,332.001,363.00
Intangible Assets17,546.0017,642.0017,537.0017,647.0017,767.0017,850.00
Deferred Tax Assets---560.00--
Other Assets1,552.001,576.001,610.00649.001,601.001,562.00
Total Assets46,519.0046,441.0045,700.0046,395.0045,608.0045,722.00
Short Term Debt Incl. Current Port. of LT Debt1,524.001,075.00641.00876.00880.00964.00
Accounts Payable2,014.001,992.001,803.001,867.002,082.002,025.00
Other Current Liabilities2,848.002,881.002,702.002,781.002,775.002,827.00
Total Current Liabilities6,386.005,948.005,146.005,524.005,737.005,816.00
Long Term Debt21,846.0022,281.0022,250.0023,041.0022,482.0023,056.00
Provision for Risks Charges3,371.003,325.003,310.003,314.003,132.003,086.00
Deferred Tax Liabilities3,356.003,307.003,266.003,720.003,025.002,865.00
Other Liabilities1,692.001,654.001,706.00805.001,712.001,697.00
Total Liabilities36,651.0036,515.0035,678.0036,404.0036,088.0036,520.00
Non-Equity Reserves0.000.000.000.000.000.00
Preferred Stock - Carrying Value0.000.000.000.000.000.00
Common Equity9,867.009,925.0010,021.009,990.009,519.009,201.00
Total Shareholders Equity9,867.009,925.0010,021.009,990.009,519.009,201.00
Accumulated Minority Interest1.001.001.001.001.001.00
Total Equity9,868.009,926.0010,022.009,991.009,520.009,202.00
Total Liabilities & Stockholders Equity46,519.0046,441.0045,700.0046,395.0045,608.0045,722.00
Book Value Per Share24.8124.8124.9124.7923.6322.85
Tangible Book Value Per Share-19.31-19.29-18.68-19.00-20.47-21.48
Full-Time Employees---60,500--
Price to Book Ratio9.578.959.279.309.6610.64
Return on Assets6.666.196.205.916.386.83
Return on Equity31.6729.8329.9329.6929.3132.67
Return on Invested Capital2.592.442.242.251.882.25
Quick Ratio0.780.870.890.850.800.82
Current Ratio0.820.910.930.890.840.86

Cash flow, quarterly

Currency USD, millions
Metric2026Q32026Q22026Q12025Q42025Q32025Q2
Net Income820.00786.00723.00742.00603.00727.00
Depreciation792.00777.00735.00806.00764.00744.00
Other Funds (Non Cash)84.0091.0054.0069.00268.0084.00
Funds from Operations1,749.001,685.001,624.001,739.001,797.001,575.00
Extraordinary Item0.000.000.000.000.000.00
Changes in Working Capital-109.0041.00-123.00-41.00-205.00-30.00
Cash from Operating Activities1,640.001,726.001,501.001,698.001,592.001,545.00
Capital Expenditures-657.00-630.00-650.00-888.00-776.00-732.00
Net Assets From Acquisitions-4.00-85.000.000.00-29.00-363.00
Sale of Fixed Assets and Businesses2.008.0069.0013.005.005.00
Purchase or Sale of Investments0.000.000.000.000.000.00
Purchase of Investments0.000.000.000.000.000.00
Sale Or Maturity of Investments0.000.000.000.000.000.00
Other Uses27.0011.00-150.008.0016.004.00
Other Sources0.000.000.000.000.000.00
Cash from Investing Activities-632.00-696.00-731.00-867.00-784.00-1,086.00
Cash Dividends Paid-377.00-379.00-385.00-333.00-332.00-333.00
Preferred Dividends (Cash Flow)0.000.000.000.000.000.00
Change in Capital Stock-571.00-653.00-318.007.004.0025.00
Repurchase of Common Pref Stock-580.00-659.00-344.000.000.000.00
Sale of Common Pref Stock9.006.0026.007.004.0025.00
Proceedsfrom Stock Options0.000.000.000.000.000.00
Issuance or Reduction of Debt, Net-363.00416.00-77.00-517.00-717.0071.00
Change in Long Term Debt-363.00416.00-77.00-517.00-717.0071.00
Issuance of Long Term Debt5,821.006,775.006,048.005,458.005,821.004,142.00
Reduction of Long Term Debt-6,184.00-6,359.00-6,125.00-5,975.00-6,538.00-4,071.00
Net Financing Active Other Cash Flow-3.00-15.00-41.000.00-4.00-8.00
Other Financing Activities Uses-3.00-15.00-41.000.00-4.00-8.00
Cash from Financing Activities-1,314.00-631.00-821.00-843.00-1,049.00-245.00
Exchange Rate Effect0.00-6.00-1.001.00-3.007.00
Net Change in Cash-306.00393.00-52.00-11.00-244.00221.00
Free Cash Flow983.001,096.00851.00810.00816.00813.00
Price to Free Cash Flow35.9841.8348.7359.9781.17103.71

Revenue breakdown

Commercial2024: 5.37B 2025: 5.63B
Healthcare Solutions2024: 403.00M 2025: 2.51B
Industrial2024: 3.09B 2025: 3.11B
Landfill2024: 3.45B 2025: 3.78B
Other Collection2024: 2.96B 2025: 3.18B
Recycling Processing and Sales2024: 1.60B 2025: 1.49B
Residential2024: 3.47B 2025: 3.51B
Service, Other2024: 23.00M 2025: 22.00M
Transfer2024: 1.38B 2025: 1.50B
WM Renewable Energy2024: 318.00M 2025: 478.00M
Canada2024: 852.00M 2025: 967.00M
United States2024: 21.11B 2025: 23.91B
Western Europe and Other Countries2024: 104.00M 2025: 326.00M
Corporate and Other2024: 23.00M 2025: 22.00M
East Tier2024: 8.70B 2025: 9.04B
Healthcare Solutions2024: 403.00M 2025: 2.51B
Other2024: 2.73B 2025: 2.95B
Recycling Processing and Sales2024: 1.60B 2025: 1.49B
WM Renewable Energy2024: 318.00M 2025: 478.00M
West Tier2024: 8.29B 2025: 8.72B

Short interest

shares short against float, oldest to newest
SettlementOf floatShares shortFloatAvg volume
2026-10-301.82%7.2M396.7M2.28M
2026-10-151.88%7.5M398.8M2.13M
2026-09-301.95%7.8M398.8M2.01M
2026-09-151.45%5.8M398.8M2.11M
2026-08-311.45%5.8M398.8M2.10M
2026-08-141.54%6.1M398.8M2.14M
2026-07-311.55%6.2M398.8M2.14M
2026-07-151.55%6.2M400.6M2.19M
2026-06-301.59%6.4M400.6M2.21M
2026-06-151.61%6.5M400.5M2.05M
2026-05-291.43%5.7M400.6M2.12M
2026-05-151.68%6.7M400.6M2.13M
2026-04-301.67%6.7M400.6M2.19M
2026-04-151.54%6.2M402.0M2.27M
2026-03-311.45%5.8M402.3M2.28M
2026-03-131.48%6.0M402.3M2.21M
2026-02-271.24%5.0M402.3M2.10M
2026-02-131.26%5.1M402.3M2.13M
2026-01-301.23%4.9M401.7M2.08M
2026-01-151.16%4.7M401.9M1.98M

Option chain

expiry 2026-11-20
TypeStrikeBidAskLastIVOpen intVolumeDeltaThetaVega
call14096.3099.2096.002.1360.000.000.996-0.0290.004
call14591.3094.200.002.0030.000.000.996-0.0290.004
call15086.3089.200.001.8990.000.000.996-0.0300.004
call15581.3084.200.001.7850.000.000.996-0.0300.005
call16076.5079.100.001.6530.000.000.995-0.0300.005
call16571.2074.200.001.5680.000.000.995-0.0300.005
call17066.5069.2034.011.4632.000.000.995-0.0310.005
call17561.5064.200.001.3600.000.000.994-0.0310.006
call18056.5058.900.001.2030.000.000.994-0.0310.006
call18551.5053.900.001.1070.000.000.993-0.0310.007
call19046.4048.9032.821.0055.000.000.993-0.0320.007
call19541.4044.1027.000.9466.000.000.992-0.0320.008
call20036.4038.9042.070.82234.000.000.975-0.0730.022
call21026.6029.4026.580.7103090.000.968-0.0700.027
call22016.7019.0018.790.47039513.000.941-0.0830.046
call2307.809.806.800.3401,0913.000.760-0.1880.121
call2402.202.702.350.2441,34351.000.409-0.1990.151
call2500.300.700.450.2744,06431.000.153-0.1410.092
call2600.000.200.100.3132533.000.044-0.0590.036
call2700.000.050.300.33064.000.000.011-0.0180.012
call2800.000.050.050.42082.000.000.009-0.0210.010
call2900.000.050.000.4800.000.000.008-0.0200.009
call3000.002.150.100.56961.000.000.007-0.0220.008
call3100.002.151.110.6281.000.000.006-0.0230.007
call3200.000.051.060.6791.000.000.006-0.0210.007
put1400.000.750.001.2290.000.00-0.003-0.0240.004
put1450.002.150.001.1230.000.00-0.004-0.0230.004
put1500.002.150.001.0510.000.00-0.004-0.0230.004
put1550.002.150.070.9811.000.00-0.004-0.0220.005
put1600.002.150.360.9132.000.00-0.004-0.0220.005
put1650.002.150.140.8480.000.00-0.005-0.0220.005
put1700.000.050.220.76532.000.00-0.005-0.0200.006
put1750.000.050.210.70417.000.00-0.005-0.0200.006
put1800.000.050.030.6852050.00-0.006-0.0220.006
put1850.000.050.010.6223120.00-0.006-0.0210.007
put1900.000.050.030.5302810.00-0.007-0.0190.008
put1950.000.050.050.5024431.00-0.008-0.0210.008
put2000.000.200.080.5442800.00-0.024-0.0610.022
put2100.000.400.160.4118122.00-0.031-0.0570.027
put2200.000.200.170.2787923.00-0.059-0.0690.046
put2300.251.301.000.26066319.00-0.241-0.1740.121
put2404.405.404.300.2591855.00-0.591-0.1830.151
put25011.7014.109.050.37040.000.00-0.847-0.1240.092
put26021.2023.9019.000.5070.000.00-0.956-0.0410.036
put27031.2033.700.000.6190.000.00-0.988-0.0010.012
put28041.2043.700.000.7350.000.00-0.990-0.0010.010
put29051.2053.700.000.8490.000.00-0.9920.0000.009
put30061.4063.700.000.9560.000.00-0.9920.0000.008
put31071.2073.700.001.0570.000.00-0.9930.0010.007
put32081.0083.700.001.1520.000.00-0.9940.0010.006

Latest SEC filings

30
FiledFormDescriptionPeriodLink
2026-11-094Statement of changes in beneficial ownership of securities2026-11-05SEC
2026-11-05144Filing for proposed sale of securities under Rule 144.SEC
2026-11-054Statement of changes in beneficial ownership of securities2026-11-04SEC
2026-11-044Statement of changes in beneficial ownership of securities2026-11-03SEC
2026-10-2810-QQuarterly report pursuant to Section 13 or 15(d)2026-09-30SEC
2026-10-278-KCurrent report2026-10-27SEC
2026-09-084Statement of changes in beneficial ownership of securities2026-09-04SEC
2026-09-084Statement of changes in beneficial ownership of securities2026-09-03SEC
2026-09-04144Filing for proposed sale of securities under Rule 144.SEC
2026-08-314Statement of changes in beneficial ownership of securities2026-08-28SEC
2026-08-268-KCurrent report2026-08-24SEC
2026-08-104Statement of changes in beneficial ownership of securities2026-08-07SEC
2026-07-31S-8Initial registration statement for securities to be offered to employees pursuant to employee benefit plansSEC
2026-07-2910-QQuarterly report pursuant to Section 13 or 15(d)2026-06-30SEC
2026-07-288-KCurrent report2026-07-28SEC
2026-06-1811-KAnnual reports of employee stock purchase, savings and similar plans pursuant to Section 15(d)2025-12-31SEC
2026-06-084Statement of changes in beneficial ownership of securities2026-06-05SEC
2026-06-05144Filing for proposed sale of securities under Rule 144.SEC
2026-05-214Statement of changes in beneficial ownership of securities2026-05-20SEC
2026-05-214Statement of changes in beneficial ownership of securities2026-05-20SEC
2026-05-214Statement of changes in beneficial ownership of securities2026-05-20SEC
2026-05-184Statement of changes in beneficial ownership of securities2026-05-15SEC
2026-05-184Statement of changes in beneficial ownership of securities2026-05-15SEC
2026-05-184Statement of changes in beneficial ownership of securities2026-05-15SEC
2026-05-184Statement of changes in beneficial ownership of securities2026-05-15SEC
2026-05-184Statement of changes in beneficial ownership of securities2026-05-15SEC
2026-05-184Statement of changes in beneficial ownership of securities2026-05-15SEC
2026-05-184Statement of changes in beneficial ownership of securities2026-05-15SEC
2026-05-184Statement of changes in beneficial ownership of securities2026-05-15SEC
2026-05-143Initial statement of beneficial ownership of securities2026-05-13SEC

Insider activity by month

MonthBoughtBuysSoldSells
2026-1100121.00K1
2026-100000
2026-0900300.16K1
2026-080000
2026-070000
2026-0600585.33K1
2026-050000
2026-040000
2026-03008.55M11
2026-020013.30M8
2026-01001.19M11
2025-120000
2025-11392.84K1299.54K1

Institutional holders

Manager% owned
BlackRock, Inc.7.65%
GATES FOUNDATION TRUST6.65%
VANGUARD CAPITAL MANAGEMENT LLC6.27%
STATE STREET CORP4.48%
Capital Research Global Investors2.60%
VANGUARD PORTFOLIO MANAGEMENT LLC2.52%
GEODE CAPITAL MANAGEMENT, LLC2.31%
AMERIPRISE FINANCIAL INC1.76%
MORGAN STANLEY1.64%
NORGES BANK1.19%

Funds

Fund% owned
VOYA INTERMEDIATE BOND FUND6.23%
First Trust Enhanced Short Maturity ETF5.00%
VANGUARD INTERMEDIATE-TERM CORPORATE BOND INDEX FUND4.94%
MFS Total Return Fund4.85%
College Retirement Equities Fund - Core Bond Account4.73%
VANGUARD TOTAL BOND MARKET INDEX FUND4.69%
VANGUARD LONG-TERM INVESTMENT-GRADE FUND3.73%
THE HARTFORD BALANCED INCOME FUND3.65%
iShares iBoxx $ Investment Grade Corporate Bond ETF3.29%
VANGUARD TOTAL STOCK MARKET INDEX FUND3.17%

OakChart. WM. Cached 15 minutes.