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Quest Resource vs Waste Management: revenue, profit, margins and growth compared

Quest Resource brought in $250.2M of revenue in fiscal 2025, Waste Management $25.2B in fiscal 2025. Revenue changed by -13.3% at Quest Resource and +14.2% at Waste Management on the year before, so Waste Management grew faster. Quest Resource kept -6.1% of its revenue as net profit, Waste Management 10.7%. Free cash flow was $9.3M at Quest Resource and $2.8B at Waste Management.

Side by side, latest fiscal year

QRHCWM
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$250.2M$25.2B
Revenue growth-13.3%+14.2%
Net income-$15.4M$2.7B
Net margin-6.1%10.7%
Free cash flow$9.3M$2.8B
Free cash flow margin3.7%11.2%
Earnings per share (diluted)-$0.73$6.70
Cash$1M$201M
Debt$64M$22.9B
Price to earningsn/a30.9
Market value$28.9M$82.7B
Dividend yieldn/a1.60%
Rank by revenue in sector#94 of 116 · Utilities#8 of 116 · Utilities

Over the years

Revenue
QRHC FY2018: $103.8MQRHC FY2019: $99MQRHC FY2020: $98.7MQRHC FY2021: $155.7MQRHC FY2022: $284MQRHC FY2023: $288.4MQRHC FY2024: $288.5MQRHC FY2025: $250.2MWM FY2018: $14.9BWM FY2019: $15.5BWM FY2020: $15.2BWM FY2021: $17.9BWM FY2022: $19.7BWM FY2023: $20.4BWM FY2024: $22.1BWM FY2025: $25.2BFY18FY19FY20FY21FY22FY23FY24FY25
QRHC $250.2MWM $25.2B
Net income
QRHC FY2018: -$2.4MQRHC FY2019: -$55.2KQRHC FY2020: $1MQRHC FY2021: $1.7MQRHC FY2022: -$6MQRHC FY2023: -$7.3MQRHC FY2024: -$15.1MQRHC FY2025: -$15.4MWM FY2018: $1.9BWM FY2019: $1.7BWM FY2020: $1.5BWM FY2021: $1.8BWM FY2022: $2.2BWM FY2023: $2.3BWM FY2024: $2.7BWM FY2025: $2.7BFY18FY19FY20FY21FY22FY23FY24FY25
QRHC -$15.4MWM $2.7B
Net margin
QRHC FY2018: -2.3%QRHC FY2019: -0.1%QRHC FY2020: 1.0%QRHC FY2021: 1.1%QRHC FY2022: -2.1%QRHC FY2023: -2.5%QRHC FY2024: -5.2%QRHC FY2025: -6.1%WM FY2018: 12.9%WM FY2019: 10.8%WM FY2020: 9.8%WM FY2021: 10.1%WM FY2022: 11.4%WM FY2023: 11.3%WM FY2024: 12.4%WM FY2025: 10.7%FY18FY19FY20FY21FY22FY23FY24FY25
QRHC -6.1%WM 10.7%
Revenue growth
QRHC FY2019: -4.6%QRHC FY2020: -0.3%QRHC FY2021: +57.8%QRHC FY2022: +82.4%QRHC FY2023: +1.5%QRHC FY2024: +0.1%QRHC FY2025: -13.3%WM FY2019: +3.6%WM FY2020: -1.5%WM FY2021: +17.8%WM FY2022: +9.9%WM FY2023: +3.7%WM FY2024: +8.0%WM FY2025: +14.2%FY19FY20FY21FY22FY23FY24FY25
QRHC -13.3%WM +14.2%
Free cash flow
QRHC FY2018: $2.9MQRHC FY2019: $2.1MQRHC FY2020: $2.7MQRHC FY2021: $2MQRHC FY2022: -$3.2MQRHC FY2023: -$1.6MQRHC FY2024: -$10.8MQRHC FY2025: $9.3MWM FY2018: $1.9BWM FY2019: $2.1BWM FY2020: $1.8BWM FY2021: $2.3BWM FY2022: $1.7BWM FY2023: $1.8BWM FY2024: $2.2BWM FY2025: $2.8BFY18FY19FY20FY21FY22FY23FY24FY25
QRHC $9.3MWM $2.8B

Fiscal years as each company reports them; the two may end in different months.

Questions about Quest Resource and Waste Management

Which is bigger by revenue, Quest Resource or Waste Management?

Waste Management is bigger by revenue: $25.2B in fiscal 2025, against $250.2M for Quest Resource in fiscal 2025.

Which keeps more of its revenue as profit, Quest Resource or Waste Management?

Quest Resource had a net margin of -6.1% in fiscal 2025; Waste Management had 10.7% in fiscal 2025.

Which grew revenue faster, Quest Resource or Waste Management?

In their latest fiscal years revenue changed by -13.3% at Quest Resource and +14.2% at Waste Management.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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