Waste Management Inc (WM)
Waste Management Inc brought in $25.7B of revenue over the twelve months to June 30, 2026, up 7.2% from a year earlier. Net income was $2.9B, a net margin of 11.1%. Operating cash flow minus capital spending left $2.8B of free cash flow in fiscal 2025. At June 30, 2026 it held $557M in cash against $23.4B of debt. Its latest periodic report to the SEC is the quarterly report (10-Q) filed on July 29, 2026.
Key facts about Waste Management Inc
- Net worth
- Waste Management Inc has a market value (market cap) of $82.6B at the latest share price, and shareholders' equity of $9.9B on its balance sheet at June 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
- Revenue and profit
- In fiscal 2025 revenue was $25.2B (+14.2% year on year), with net income of $2.7B. Over the 12 months to June 30, 2026: revenue $25.7B, net income $2.9B.
- Cash flow
- In fiscal 2025 operations brought in $6B of cash; after $3.2B of capital spending, free cash flow was $2.8B.
- Latest report
- The latest periodic report (quarterly report, 10-Q) was filed with the SEC on July 29, 2026 and covers the period to June 30, 2026. Open on SEC EDGAR
- Next earnings report
- Waste Management Inc's next report is expected around October 26, 2026. That is an estimate from its filing rhythm, not a date the company has announced.
- Dividend
- Waste Management Inc declared dividends of $3.30 per share in fiscal 2025, a yield of 1.60% at the current price.
What Waste Management Inc does
Waste Management provides environmental services, including the collection, transfer, disposal, and recycling of municipal solid waste. It serves residential, commercial, industrial, and municipal customers across North America, operating collection fleets, transfer stations, landfills, and recycling facilities. Its shares trade on NYSE under the ticker WM.
Revenue and profit by year
Key figures
| Fiscal year | Revenue | Net income | Diluted EPS | Free cash flow |
|---|---|---|---|---|
| 2025 | $25.2B | $2.7B | $6.70 | $2.8B |
| 2024 | $22.1B | $2.7B | $6.81 | $2.2B |
| 2023 | $20.4B | $2.3B | $5.66 | $1.8B |
| 2022 | $19.7B | $2.2B | $5.39 | $1.7B |
| 2021 | $17.9B | $1.8B | $4.29 | $2.3B |
| 2020 | $15.2B | $1.5B | $3.52 | $1.8B |
Full financial statements: income, balance sheet and cash flow
Where WM ranks in Utilities
Dividends
Waste Management Inc declared $3.30 per share in fiscal 2025. At the current price that is a yield of 1.60%. It paid out $1.3B in cash dividends, 49% of its net income.
| Fiscal year | Per share | Paid out | Of profit |
|---|---|---|---|
| 2025 | $3.30 | $1.3B | 49% |
| 2024 | $3.00 | $1.2B | 44% |
| 2023 | $2.80 | $1.1B | 49% |
| 2022 | $2.60 | $1.1B | 48% |
| 2021 | $2.30 | $970M | 53% |
| 2020 | $2.18 | $927M | 62% |
Latest SEC filings
What Waste Management Inc has filed recently, newest first. Each links to the original document on SEC EDGAR.
- August 26, 2026
- July 31, 2026
- July 29, 2026Quarterly report 10-Q · period to June 30, 2026Revenue rose 4% to $6.7B versus the same quarter last year; diluted EPS $1.95 versus $1.80.
- July 28, 2026
- June 18, 2026
- May 14, 2026
- May 13, 2026
- April 30, 2026Passive stake (5% or more) SCHEDULE 13G
- April 29, 2026Quarterly report 10-Q · period to March 31, 2026Revenue rose 3.5% to $6.2B versus the same quarter last year; diluted EPS $1.79 versus $1.58.
- April 28, 2026
What is WM worth? A DCF from its reported cash flow
Insider trades
What the people running Waste Management Inc did with its shares, from the Form 4 filings they must send the SEC within two business days.
Insiders sold $300.2K worth of shares in the last 90 days and bought none on the open market.
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| September 4, 2026 | Carroll John A.VP & Chief Accounting Officer | Soldindirect | 1,365 | $300.2K |
| September 3, 2026 | Stith Kimberly G.SVP - Chief HR Officer | Shares withheld for tax | 356 | $78.4K |
| August 28, 2026 | Carroll John A.VP & Chief Accounting Officer | Gave as a gift | 4,874 | - |
| August 28, 2026 | Carroll John A.VP & Chief Accounting Officer | Gave as a giftindirect | 4,874 | - |
| August 7, 2026 | Reed David L.EVP & CFO | Gave as a gift | 5,357 | - |
| August 7, 2026 | Reed David L.EVP & CFO | Gave as a giftindirect | 5,357 | - |
| June 5, 2026 | Carrasco RafaelSVP of Enterprise Strategy | Exercised options | 2,655 | $334.5K |
| June 5, 2026 | Carrasco RafaelSVP of Enterprise Strategy | Sold | 2,655 | $585.3K |
Who owns WM
Three views from three kinds of SEC filings, each with its own date. They overlap and are not added up.
5% holders
| Holder | Of class | Filed |
|---|---|---|
| Gates Foundation Trust13G, passive with 1 related filers | 7.2% | November 14, 2025 |
| Vanguard Capital Management13G, passive | 7.16% | April 30, 2026 |
Largest institutional holders
Positions that investment managers reported on Form 13F for the quarter ended June 30, 2026, largest first, with the change on the quarter ended March 31, 2026. Managers file 13F up to 45 days after a quarter ends. 2,364 managers reported a position.
| Holder | Shares | Change on quarter |
|---|---|---|
| BlackRock, Inc. | 30,733,944 | +535,079 |
| Gates Foundation Trust | 26,720,744 | -921,600 |
| Vanguard Capital Management LLC | 25,179,716 | +10,203 |
| State Street Corp | 18,008,931 | +507,209 |
| Capital Research Global Investors | 10,438,136 | +1,706,093 |
| Vanguard Portfolio Management LLC | 10,121,428 | -115,237 |
| Geode Capital Management, LLC | 9,068,808 | -122,542 |
| Ameriprise Financial Inc | 7,086,113 | -341,294 |
| Morgan Stanley | 6,584,906 | -492,264 |
| Parnassus Investments, LLC | 4,792,005 | -189,573 |
| Norges Bank | 4,771,642 | new |
| Royal Bank of Canada | 4,739,983 | +335,941 |
| Wells Fargo & Company | 4,335,084 | +73,374 |
| Northern Trust Corp | 3,759,398 | -149,540 |
| Goldman Sachs Group Inc | 3,598,308 | -48,305 |
| Bank of America Corp | 3,124,403 | -225,463 |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | 3,121,427 | +35,322 |
| Nordea Investment Management AB | 2,957,041 | -510,747 |
| Amundi | 2,878,103 | -105,330 |
| Swedbank AB | 2,771,422 | +378,554 |
Insiders
21 insiders reported holding 645,747 shares in total, about $133.4M at the last price.
| Holder | Shares |
|---|---|
| Fish James C JrChief Executive Officer | 220,087 |
| Morris John JPresident | 99,363 |
| Hemmer Tara J.EVP & Chief Operating Officer | 81,462 |
| Boettcher Charles CEVP, Chief Legal Officer | 56,159 |
| Watson Michael J.Sr. VP-Chief Customer Officer | 44,146 |
| Holt Victoria MDirector | 23,88123,881 held indirectly |
| Gluski AndresDirector | 18,383 |
| Mazzarella Kathleen MDirector | 18,27618,276 held indirectly |
| Carrasco RafaelSVP of Enterprise Strategy | 15,540 |
| DeSantis Christopher P.SVP Operations - East | 9,393 |
Questions about WM
What does Waste Management Inc do?
Waste Management provides environmental services, including the collection, transfer, disposal, and recycling of municipal solid waste. It serves residential, commercial, industrial, and municipal customers across North America, operating collection fleets, transfer stations, landfills, and recycling facilities. Its shares trade on NYSE under the ticker WM.
What is Waste Management Inc's net worth?
Waste Management Inc has a market value (market cap) of $82.6B at the latest share price, and shareholders' equity of $9.9B on its balance sheet at June 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
Is Waste Management Inc profitable?
Yes. Over the twelve months to June 30, 2026 it reported net income of $2.9B on revenue of $25.7B, a net margin of 11.1%.
How much revenue does Waste Management Inc make?
Over the twelve months to June 30, 2026 Waste Management Inc reported revenue of $25.7B. That is 7.2% more than a year earlier.
When did Waste Management Inc last report?
Its most recent periodic report is the quarterly report (10-Q) filed on July 29, 2026. It covers the period to June 30, 2026. Its newest filing of any kind is the insider trade from September 8, 2026.
When is Waste Management Inc's next earnings report?
Waste Management Inc's next report is expected around October 26, 2026. That is an estimate from its filing rhythm, not a date the company has announced.
Does Waste Management Inc pay a dividend?
Yes. Waste Management Inc declared dividends of $3.30 per share in fiscal 2025, a yield of 1.60% at the current price.
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Follow WM: get an email when it filesWhere the numbers come from
Financial figures are the values Waste Management Inc tagged in its own SEC filings (XBRL), taken from the latest filing for each period, so restatements replace older figures. Revenue, profit and cash flow are for full fiscal years unless marked as the last twelve months, which is the sum of the four most recent quarters. Where a company reports only the full year, the fourth quarter is the year minus the first three.
Prices are delayed end-of-day market data in the listing currency, and market cap moves with the price. P/E is shown only when earnings per share are positive. Nothing here is investment advice.