Friday 6 November 2026 Export WM’s income statement to Excel — free account

Waste Management, Inc.

Waste Management, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $25.2 billion, up 14.2% from fiscal 2024.

Revenue: +6.25%
EPS: +37.1%
Free cash flow: +20.5%
Total debt: +0.03%

Quarter to September 2026, against a year earlier

235.45 5.82 −2.41%

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Market cap: $95.9B
P/E: 31.5×
Fwd P/E: 29.5×
Dividend yield: 1.52%
F-score: 6/9
Altman Z: 2.85
Beneish M: −2.76
Dividend safety: 77/100

Overview Business Profile Earnings & Analysis Segments Valuation Filings

	Dec '16	Dec '17	Dec '18	Dec '19	Dec '20	Dec '21	Dec '22	Dec '23	Dec '24	Dec '25
P/E ratio Full definition →	26.41	19.30	19.86	28.92	33.31	38.63	28.92	31.51	29.50	32.69
Piotroski F-Score Full definition →	7	8	6	6	6	7	7	6	5	6
P/S ratio Full definition →	2.30	2.61	2.56	3.13	3.28	3.91	3.29	3.56	3.67	3.51
Altman Z-Score Full definition →	2.70	3.02	3.05	2.95	2.69	3.40	3.12	3.26	2.59	2.85
Altman Z″-Score (non-manufacturers) Full definition →	2.12	2.33	2.51	2.98	2.15	2.14	2.21	2.35	1.79	2.06
P/FCF ratio Full definition →	18.80	22.61	20.35	23.53	28.17	28.83	33.26	39.87	37.53	31.42
Beneish M-Score Full definition →	(2.90)	(2.65)	(2.85)	(2.92)	(2.55)	(2.88)	(2.76)	(2.81)	(2.45)	(2.76)
P/Operating CF Full definition →	41.65	47.70	41.87	47.35	66.25	70.80	61.79	52.62	53.62	52.11
Dividend Safety Score Full definition →	—	—	—	—	—	—	—	—	—	77
P/B ratio Full definition →	5.88	6.25	6.08	6.84	6.69	9.85	9.44	10.55	9.82	8.86
Price to Tangible BV Full definition →	0.00	0.00	0.00	2,846.32	0.00	0.00	0.00	0.00	0.00	0.00
EV/Sales Full definition →	2.98	3.26	3.23	3.77	4.15	4.65	4.03	4.33	4.74	4.41
EV/EBITDA Full definition →	11.00	11.51	11.04	13.32	15.01	16.44	14.41	15.32	16.17	15.20
EV/Operating CF Full definition →	13.50	14.86	13.49	15.06	18.55	19.24	17.52	18.75	19.39	18.40
EV/FCF Full definition →	24.37	28.28	25.67	28.37	35.65	34.29	40.77	48.52	48.40	39.48
Quick Ratio Full definition →	0.77	0.73	0.75	1.87	0.89	0.65	0.71	0.79	0.66	0.77
Current Ratio Full definition →	0.85	0.83	0.85	1.97	1.00	0.75	0.81	0.90	0.76	0.89
Net Debt/EBITDA Full definition →	2.52	2.31	2.29	2.27	3.15	2.62	2.65	2.73	3.63	3.10
Debt/Assets Full definition →	44.63%	43.48%	44.26%	48.65%	47.06%	46.07%	47.77%	49.44%	53.63%	49.98%
Debt/Equity Full definition →	1.75	1.57	1.60	1.91	1.85	1.88	2.18	2.35	2.90	2.29
Asset Turnover Full definition →	0.66	0.68	0.67	0.61	0.53	0.61	0.65	0.64	0.57	0.56
Operating CF/Net income Full definition →	2.54	1.63	1.85	2.32	2.27	2.39	2.03	2.05	1.96	2.23
Capex/Depreciation Full definition →	(0.96)	(1.03)	(1.08)	(1.09)	(0.92)	(0.90)	(1.20)	(1.32)	(1.35)	(1.07)
Interest Coverage Full definition →	6.11	7.26	7.46	6.58	5.73	8.12	8.90	7.15	6.79	4.72
ROE Full definition →	22.12%	34.31%	31.26%	25.03%	20.60%	24.91%	31.99%	33.49%	36.25%	29.68%
ROA Full definition →	5.73%	9.13%	8.66%	6.63%	5.24%	6.21%	7.40%	7.18%	7.10%	5.99%
ROIC Full definition →	9.83%	10.62%	10.73%	9.94%	7.35%	9.08%	9.78%	9.86%	8.00%	8.23%
Return on Tangible Assets Full definition →	11.22%	17.73%	16.77%	10.46%	10.58%	13.55%	15.04%	13.92%	15.38%	13.70%
Average Days of Receivables Full definition →	57.18	59.82	55.68	54.77	62.94	51.83	50.99	51.29	61.00	58.72
Research and Development Expense of Revenue Full definition →	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Selling, General and Administrative Expense of Revenue Full definition →	10.36%	10.13%	9.74%	10.55%	11.35%	10.40%	9.84%	9.43%	10.26%	10.80%
Intangible Assets out of Total Assets Full definition →	0.33	0.31	0.31	0.25	0.34	0.34	0.32	0.31	0.40	0.39
Share Based Compensation of Revenue Full definition →	0.66%	0.70%	0.60%	0.56%	0.62%	0.60%	0.43%	0.46%	0.53%	0.67%
Graham Net Nets Full definition →	(0.42)	(0.35)	(0.36)	(0.30)	(0.37)	(0.27)	(0.32)	(0.30)	(0.39)	(0.35)
Graham Number Full definition →	26.84	37.17	38.40	38.42	37.46	40.59	45.07	46.74	56.25	61.25
Earnings Yield Full definition →	3.79%	5.18%	5.03%	3.46%	3.00%	2.59%	3.46%	3.17%	3.39%	3.06%
Free Cash Flow Yield Full definition →	5.32%	4.42%	4.91%	4.25%	3.55%	3.47%	3.01%	2.51%	2.66%	3.18%
Revenue per Share Full definition →	30.69	33.01	34.76	36.40	35.98	42.65	47.72	50.45	54.95	62.59
Operating CF per Share Full definition →	6.77	7.25	8.32	9.12	8.04	10.32	10.99	11.65	13.42	15.01
Capex per Share Full definition →	(3.02)	(3.44)	(3.95)	(4.28)	(3.86)	(4.53)	(6.27)	(7.15)	(8.05)	(8.01)
Free Cash Flow per Share Full definition →	3.75	3.81	4.37	4.84	4.19	5.79	4.72	4.50	5.38	6.99
Cash per Share Full definition →	0.07	0.05	0.14	8.39	1.31	0.28	0.85	1.13	1.03	0.50
Shareholders Equity per Share Full definition →	12.00	13.77	14.63	16.65	17.62	16.95	16.63	17.03	20.56	24.81
Interest Debt per Share Full definition →	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Book value per Share Full definition →	12.00	13.77	14.63	16.65	17.62	16.95	16.63	17.03	20.56	24.81
Free Cash Flow Full definition →	1,664.00	1,671.00	1,876.00	2,056.00	1,771.00	2,434.00	1,949.00	1,824.00	2,159.00	2,816.00
Working Capital Full definition →	(418.00)	(568.00)	(463.00)	3,065.00	(13.00)	(1,013.00)	(843.00)	(422.00)	(1,484.00)	(614.00)
Capital Expenditures Full definition →	(1,339.00)	(1,509.00)	(1,694.00)	(1,818.00)	(1,632.00)	(1,904.00)	(2,587.00)	(2,895.00)	(3,231.00)	(3,227.00)
Net Current Asset Value Full definition →	(13,163.00)	(13,093.00)	(13,729.00)	(14,464.00)	(18,351.00)	(18,902.00)	(20,952.00)	(22,123.00)	(31,539.00)	(30,934.00)
EV/EBIT Full definition →	17.66	17.92	17.26	21.55	25.94	28.15	23.61	24.75	25.72	25.81
Capex to Sales Full definition →	0.10	0.10	0.11	0.12	0.11	0.11	0.13	0.14	0.15	0.13
Price to Operating Income Full definition →	13.62	14.33	13.69	17.88	20.49	23.66	19.26	20.34	19.94	20.54
Other line items
Depreciation/Fixed assets Full definition →	0.13	0.13	0.13	0.13	0.13	0.15	0.14	0.13	0.12	0.15
Cash ROIC Full definition →	11.35%	10.74%	11.46%	8.52%	8.12%	11.79%	8.78%	7.73%	6.63%	8.51%
Accounts Receivable Turnover Full definition →	6.44	6.43	6.42	6.73	6.16	6.94	7.44	7.27	6.73	6.51
Accounts Payable Turnover Full definition →	11.17	9.81	8.91	9.04	8.55	8.90	7.83	7.26	7.13	7.67
Inventory Turnover Full definition →	93.25	97.00	93.42	91.31	81.23	85.80	82.23	74.81	70.62	69.66
Average Days of Payables Full definition →	34.37	42.08	40.92	40.94	43.80	45.17	52.43	49.48	55.80	45.39
Days of Inventory on Hand Full definition →	3.87	3.88	4.03	4.07	4.85	4.43	4.87	5.01	5.62	5.47
Average Receivables Full definition →	2,113.00	2,253.00	2,324.50	2,297.00	2,471.50	2,585.00	2,649.00	2,811.00	3,278.50	3,871.00
Average Payables Full definition →	760.00	919.50	1,038.50	1,051.00	1,093.00	1,248.00	1,570.50	1,737.50	1,877.50	1,956.50
Average Inventory Full definition →	91.00	93.00	99.00	104.00	115.00	129.50	149.50	168.50	189.50	215.50
Average Assets Full definition →	20,613.00	21,344.00	22,239.50	25,196.50	28,544.00	29,221.00	30,232.00	32,095.00	38,695.00	45,201.00
Average Common Equity Full definition →	5,343.50	5,681.00	6,159.00	6,673.00	7,262.00	7,290.00	6,995.00	6,880.00	7,575.00	9,122.50

Show all line items

Columns are period end dates · fundamentals updated 2 Nov 2026

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