WM

WASTE MANAGEMENT INC

Ticker: WMUtilitiesElectric, Gas & WaterS&P 500
HQ HOUSTON, TXCIK 823768FY end 12-31Book / share $24.61Shares 403M
Revenue (FY)
$25.20B+14.24%
TTM $25.67B
Op. margin
17.09%-1.32%
TTM 17.57%
Net income
$2.71B-1.31%
TTM $2.85B
Operating cash
$6.04B+12.12%
TTM $6.52B
Free cash flow
$2.82B+30.43%
TTM $3.57B
Return on equity
29.67%-4.45%
TTM 28.75%
Debt / equity
2.29-0.60%
TTM 2.35
Shares outstanding
404.2M+0.20%
TTM 403.3M

The business

Waste Management, Inc. (NYSE: WM) is North America's leading provider of comprehensive environmental solutions, operating through its website at www.wm.com. The company manages waste collection, transfer, disposal, recycling and resource recovery services throughout the United States and Canada, with a significant international presence in Western Europe following its 2024 acquisition of Stericycle, Inc.

The company operates through five reportable segments: Collection and Disposal–East Tier, Collection and Disposal–West Tier, Recycling Processing and Sales, Renewable Energy, and Healthcare Solutions. The Collection and Disposal segments form the core business, providing waste collection services to commercial, industrial and residential customers through three-year service agreements and municipal contracts. The company owns or operates 257 landfill sites, representing the largest landfill network in North America, along with 342 transfer stations that consolidate and transport waste efficiently.

The Recycling Processing and Sales segment positions the company as North America's leading recycler of post-consumer materials including paper, cardboard, glass, plastic and metal. As of December 31, 2025, the company operated 113 recycling facilities, of which 51 use single-stream technology, and 49 organics recycling facilities. The Renewable Energy segment develops and operates landfill gas-to-energy projects, with 103 beneficial use projects producing renewable electricity and renewable natural gas that fuel the company's natural gas fleet.

The Healthcare Solutions segment, acquired through Stericycle, provides regulated waste and compliance services and secure information destruction services across the U.S., Canada and Western Europe. The company operated 42 autoclave facilities, 9 alternative medical waste treatment facilities, 17 incinerator facilities and 99 secure information destruction facilities as of year-end 2025.

Waste Management employed approximately 60,500 full-time employees as of December 31, 2025, with roughly 53,600 in the U.S. and 6,900 outside the U.S. The company's brand promise is "ALWAYS WORKING FOR A SUSTAINABLE TOMORROW," reflecting its commitment to environmental stewardship and sustainable solutions embedded throughout operations.

Sector
Utilities
Industry
Electric, Gas & Water
HQ
HOUSTON, TX
FY end
12-31
CIK
823768
SIC
4953
Financial performance · annual
20132025
$-2.57B$5.13B$12.83B$20.53B$28.23B2013201420152016201720182019202020212022202320242025TTMTTMTTM

Ownership

Who holds WASTE MANAGEMENT INC — across funds, superinvestors and bonds · N-PORT 2026Q2 · 13F 2026-06-30

783
funds hold it
0 of 35
superinvestors hold it
$23.08B
fund-held value
25.9%
of shares held by funds
24
bond issues held by funds

Top fund holders

Fund% of fundValue
VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.12%$2.84B
VANGUARD 500 INDEX FUND
VOO · VANGUARD INDEX FUNDS
0.13%$2.13B
iShares Core S&P 500 ETF
IVV · iShares Trust
0.13%$1.13B
Fidelity 500 Index Fund
FXAIX · Fidelity Concord Street Trust
0.12%$1.00B
State Street(R) SPDR(R) S&P 500(R) ETF Trust
SPY
0.13%$997.93M

Bonds held by funds

Funds report holding 24 issues of WASTE MANAGEMENT INC's debt, $1.64B at fund-held market value — what funds hold, not the company's debt outstanding. Weighted-average coupon 4.32%, maturing 20272054.

IssueCouponMaturesFundsFund-held
Waste Management Inc4.950%2035-03-1565$202.00M
Waste Management Inc4.880%2034-02-1546$139.56M
Waste Management, Inc.4.150%2032-04-1542$118.22M
WASTE MANAGEMENT4.800%2032-03-1537$117.86M
Waste Management, Inc.4.500%2028-03-1551$113.86M
WASTE MANAGEMENT4.875%2029-02-1559$110.19M
Waste Management Inc4.950%2031-07-0345$109.78M
WASTE MANAGEMENT INC SR UNSEC 5.35% 10-15-545.350%2054-10-1557$94.36M
Waste Management, Inc.3.150%2027-11-1546$92.99M
Waste Management Inc1.500%2031-03-1550$91.29M

The 10 largest by fund-held value, of 24.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

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15 years of WASTE MANAGEMENT INC's financials

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