Waste Management, Inc. (WM) Financial Statements

Waste Management, Inc.

WM · NYSE

	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Total Revenue	$25.20B	$22.06B	$20.43B	$19.70B	$17.93B	$15.22B	$15.46B	$14.91B
Cost of Revenue	$15.01B	$13.38B	$12.61B	$12.29B	$11.11B	$9.34B	$9.50B	$9.25B
Selling, General & Administrative	$2.72B	$2.26B	$1.93B	$1.94B	$1.86B	$1.73B	$1.63B	$1.45B
Operating Expenses	$20.90B	$18.00B	$16.85B	$16.33B	$14.97B	$12.78B	$12.75B	$12.13B
Operating Income	$4.31B	$4.06B	$3.58B	$3.37B	$2.96B	$2.43B	$2.71B	$2.79B
Other Income / (Expense)	$20.00M	-$11.00M	$6.00M	-$2.00M	$5.00M	$5.00M	-$50.00M	$2.00M
Income Before Taxes	$3.43B	$3.46B	$3.02B	$2.92B	$2.35B	$1.89B	$2.10B	$2.38B
Provision for Income Taxes	$717.00M	$713.00M	$745.00M	$678.00M	$532.00M	$397.00M	$434.00M	$453.00M
Net Income	$2.71B	$2.75B	$2.30B	$2.24B	$1.82B	$1.50B	$1.67B	$1.93B
Basic EPS	$6.72	$6.84	$5.69	$5.42	$4.32	$3.54	$3.93	$4.49
Diluted EPS	$6.70	$6.81	$5.66	$5.39	$4.29	$3.52	$3.91	$4.45
Basic Shares Outstanding	402.70M	401.50M	404.90M	412.80M	420.40M	423.00M	424.60M	429.10M
Diluted Shares Outstanding	404.20M	403.40M	406.90M	415.00M	422.90M	425.10M	427.50M	432.20M

Analyst Estimates

Period	Consensus EPS	Low	High	Estimates	Revisions
Dec 2026	$8.13	$7.99	$8.48	13	↑4 ↓8
Dec 2027	$9.07	$8.66	$9.47	13	↑4 ↓8
Dec 2028	$9.96	$9.38	$10.59	4	↑0 ↓3
Dec 2029	$11.36	$10.98	$11.73	2	↑0 ↓1

Forward estimates are the sell-side consensus reported by Nasdaq, not a metir forecast.

Symbol: WM
Type: Stock
Sector: Utilities
Industry: Environmental Services
Country: North America
Exchange: NYSE

WM ( WM.com ) is North America's leading provider of comprehensive environmental solutions. Previously known as Waste Management and based in Houston, Texas, WM is driven by commitments to put people first and achieve success with integrity. WM, through its subsidiaries, provides collection, recycling and disposal services to millions of residential, commercial, industrial, medical and municipal customers throughout the U.S. and Canada. With innovative infrastructure and capabilities in recycling, organics and renewable energy, WM provides environmental solutions to and collaborates with its customers in helping them pursue their sustainability goals. In North America, WM has the largest disposal network and collection fleet, is the largest recycler and is a leader in beneficial use of landfill gas, with a growing network of renewable natural gas plants and the most landfill gas-to-electricity plants, as well as the largest heavy-duty natural gas truck fleet in the industry.

Key Issues

Bullish view

Pricing discipline is supporting operating EBITDA growth even as volumes soften, suggesting WM can protect revenue quality and profitability through contractual increases and execution.

Bearish view

Softer volumes could constrain organic growth, and pricing may not fully offset weaker demand or operational pressure if customers reduce activity.

Analyst Consensus

See all

Buy

18 analysts

$224

Current

—

Low

$264

Average

—

High

Average target implies +17.93% versus the current price.

Earnings History

BeatMissNo estimate

Peers

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