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Companies / Industrials / Waste Management
WM

Waste Management

IndustrialsElectric, Gas & WaterS&P 500
Ticker WMHOUSTON, TXFiscal year ends DecemberBook value per share $24.61Diluted shares 403.3M

Waste Management, Inc. (NYSE: WM) provides solid waste collection, transfer, disposal and recycling services across the United States and Canada, serving residential, commercial, industrial and municipal customers. Its five reportable segments are Collection and Disposal—East Tier and West Tier, Recycling Processing… From the company’s description.

In fiscal 2025, Waste Management reported revenue of $25.20B, up 14.2% from fiscal 2024, and net income of $2.71B. Its operating margin was 17.1%, and operations generated $6.04B in cash. Over the twelve months to Jun 30, 2026, revenue was $25.67B.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-06-30
Sales & profitability
$25.20BFY2025
+14.2% year over year
Last 12 mo $25.67B
17.09%FY2025
−1.3 percentage points
Last 12 mo 17.57%
$2.71BFY2025
−1.3% year over year
Last 12 mo $2.85B
29.47%FY2025
−4.6 percentage points
Last 12 mo 28.75%
Cash & financing
$6.04BFY2025
+12.1% year over year
Last 12 mo $6.52B
$2.82BFY2025
+30.4% year over year
Last 12 mo $3.57B
2.29FY2025
Was 2.90× a year earlier
Last 12 mo 2.35
404.2MFY2025
+0.2% year over year
Last 12 mo 403.3M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What Waste Management does

In the company’s own words

Waste Management, Inc. (NYSE: WM) provides solid waste collection, transfer, disposal and recycling services across the United States and Canada, serving residential, commercial, industrial and municipal customers. Its five reportable segments are Collection and Disposal—East Tier and West Tier, Recycling Processing and Sales, Renewable Energy, and Healthcare Solutions. Recycling operations process and sell recovered materials; Renewable Energy converts landfill gas into renewable natural gas, electricity and related credits; and Healthcare Solutions, expanded through the 2024 acquisition of Stericycle, provides regulated waste and compliance services and secure information destruction in North America and Western Europe. As of December 31, 2025, the company owned or operated 257 landfills and 342 transfer stations, and had approximately 60,500 full-time employees. It also operated 113 recycling facilities and 49 organics recycling facilities. Its website is www.wm.com.

Company details
Sector
Industrials
Industry (SIC)
Electric, Gas & Water
Headquarters
HOUSTON, TX
Fiscal year end
December
CIK
823768
SIC
4953

Financial performance, year by year

Fiscal 2013–2025 · USD
$-2.57B$5.13B$12.83B$20.53B$28.23B2013201420152016201720182019202020212022202320242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns Waste Management — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

783
funds hold it
0 of 35
superinvestors hold it
$23.08B
held by funds, at market
25.9%
of shares held by funds
24
bond issues held by funds

Largest fund holders · Waste Management’s weight in each

VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.12%of fund net assets
VANGUARD 500 INDEX FUND
VOO · VANGUARD INDEX FUNDS
0.13%of fund net assets
iShares Core S&P 500 ETF
IVV · iShares Trust
0.13%of fund net assets
Fidelity 500 Index Fund
FXAIX · Fidelity Concord Street Trust
0.12%of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Waste Management’s bonds, as funds hold them

Funds report holding 24 issues of Waste Management’s debt, $1.64B at market value — what funds hold, not the company’s total debt. Weighted-average coupon 4.32%, maturing 2027 to 2054.

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”.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

Compare this company with peers, find it in your funds and follow its financial history with your connected AI:

  • “How do Waste Management and its peers compare on margins and cash generation over ten years?”
  • “Where did five years of Waste Management's earnings go — cash, debt, buybacks, reinvestment?”
  • “What changed in Waste Management's last four quarterly filings that the numbers alone won't show?”
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