Saturday 17 October 2026
Export WM’s income statement to Excel — free account
Waste Management, Inc.
WM Industrials Waste Management
Waste Management, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $25.2 billion, up 14.2% from fiscal 2024. In the quarter to June 2026, revenue grew 3.95%, EPS grew 8.89%, free cash flow grew 34.8% and total debt fell 2.76%, each against the same quarter a year earlier. Member of the S&P 500; dividend growth for ten consecutive years, revenue growth for five, operating cash flow growth for five; insiders bought in the last twelve months.
226.96
2.77
+1.24%
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| Dec '16 | Dec '17 | Dec '18 | Dec '19 | Dec '20 | Dec '21 | Dec '22 | Dec '23 | Dec '24 | Dec '25 | |
|---|---|---|---|---|---|---|---|---|---|---|
P/E ratio |
26.41 | 19.30 | 19.86 | 28.92 | 33.31 | 38.63 | 28.92 | 31.51 | 29.50 | 32.69 |
Piotroski F-Score |
7 | 8 | 6 | 6 | 6 | 7 | 7 | 6 | 5 | 6 |
P/S ratio |
2.30 | 2.61 | 2.56 | 3.13 | 3.28 | 3.91 | 3.29 | 3.56 | 3.67 | 3.51 |
Altman Z-Score |
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) |
2.12 | 2.33 | 2.51 | 2.98 | 2.15 | 2.14 | 2.21 | 2.35 | 1.79 | 2.06 |
P/FCF ratio |
18.80 | 22.61 | 20.35 | 23.53 | 28.17 | 28.83 | 33.26 | 39.87 | 37.53 | 31.42 |
Beneish M-Score |
(2.90) | (2.65) | (2.85) | (2.92) | (2.55) | (2.88) | (2.76) | (2.81) | (2.45) | (2.76) |
P/Operating CF |
41.65 | 47.70 | 41.87 | 47.35 | 66.25 | 70.80 | 61.79 | 52.62 | 53.62 | 52.11 |
Dividend Safety Score |
— | — | — | — | — | — | — | — | — | 77 |
P/B ratio |
5.88 | 6.25 | 6.08 | 6.84 | 6.69 | 9.85 | 9.44 | 10.55 | 9.82 | 8.86 |
Price to Tangible BV |
0.00 | 0.00 | 0.00 | 2,846.32 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
EV/Sales |
2.98 | 3.26 | 3.23 | 3.77 | 4.15 | 4.65 | 4.03 | 4.33 | 4.74 | 4.41 |
EV/EBITDA |
11.00 | 11.51 | 11.04 | 13.32 | 15.01 | 16.44 | 14.41 | 15.32 | 16.17 | 15.20 |
EV/Operating CF |
13.50 | 14.86 | 13.49 | 15.06 | 18.55 | 19.24 | 17.52 | 18.75 | 19.39 | 18.40 |
EV/FCF |
24.37 | 28.28 | 25.67 | 28.37 | 35.65 | 34.29 | 40.77 | 48.52 | 48.40 | 39.48 |
Quick Ratio |
0.77 | 0.73 | 0.75 | 1.87 | 0.89 | 0.65 | 0.71 | 0.79 | 0.66 | 0.77 |
Current Ratio |
0.85 | 0.83 | 0.85 | 1.97 | 1.00 | 0.75 | 0.81 | 0.90 | 0.76 | 0.89 |
Net Debt/EBITDA |
2.52 | 2.31 | 2.29 | 2.27 | 3.15 | 2.62 | 2.65 | 2.73 | 3.63 | 3.10 |
Debt/Assets |
44.63% | 43.48% | 44.26% | 48.65% | 47.06% | 46.07% | 47.77% | 49.44% | 53.63% | 49.98% |
Debt/Equity |
1.75 | 1.57 | 1.60 | 1.91 | 1.85 | 1.88 | 2.18 | 2.35 | 2.90 | 2.29 |
Asset Turnover |
0.66 | 0.68 | 0.67 | 0.61 | 0.53 | 0.61 | 0.65 | 0.64 | 0.57 | 0.56 |
Operating CF/Net income |
2.54 | 1.63 | 1.85 | 2.32 | 2.27 | 2.39 | 2.03 | 2.05 | 1.96 | 2.23 |
Capex/Depreciation |
(0.96) | (1.03) | (1.08) | (1.09) | (0.92) | (0.90) | (1.20) | (1.32) | (1.35) | (1.07) |
Interest Coverage |
6.11 | 7.26 | 7.46 | 6.58 | 5.73 | 8.12 | 8.90 | 7.15 | 6.79 | 4.72 |
| 22.12% | 34.31% | 31.26% | 25.03% | 20.60% | 24.91% | 31.99% | 33.49% | 36.25% | 29.68% | |
| 5.73% | 9.13% | 8.66% | 6.63% | 5.24% | 6.21% | 7.40% | 7.18% | 7.10% | 5.99% | |
ROIC |
9.83% | 10.62% | 10.73% | 9.94% | 7.35% | 9.08% | 9.78% | 9.86% | 8.00% | 8.23% |
Return on Tangible Assets |
11.22% | 17.73% | 16.77% | 10.46% | 10.58% | 13.55% | 15.04% | 13.92% | 15.38% | 13.70% |
Average Days of Receivables |
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 |
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 |
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 |
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 |
0.66% | 0.70% | 0.60% | 0.56% | 0.62% | 0.60% | 0.43% | 0.46% | 0.53% | 0.67% |
Graham Net Nets |
(0.42) | (0.35) | (0.36) | (0.30) | (0.37) | (0.27) | (0.32) | (0.30) | (0.39) | (0.35) |
Graham Number |
26.84 | 37.17 | 38.40 | 38.42 | 37.46 | 40.59 | 45.07 | 46.74 | 56.25 | 61.25 |
Earnings Yield |
3.79% | 5.18% | 5.03% | 3.46% | 3.00% | 2.59% | 3.46% | 3.17% | 3.39% | 3.06% |
Free Cash Flow Yield |
5.32% | 4.42% | 4.91% | 4.25% | 3.55% | 3.47% | 3.01% | 2.51% | 2.66% | 3.18% |
Revenue per Share |
30.69 | 33.01 | 34.76 | 36.40 | 35.98 | 42.65 | 47.72 | 50.45 | 54.95 | 62.59 |
Operating CF per Share |
6.77 | 7.25 | 8.32 | 9.12 | 8.04 | 10.32 | 10.99 | 11.65 | 13.42 | 15.01 |
Capex per Share |
(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 |
3.75 | 3.81 | 4.37 | 4.84 | 4.19 | 5.79 | 4.72 | 4.50 | 5.38 | 6.99 |
Cash per Share |
0.07 | 0.05 | 0.14 | 8.39 | 1.31 | 0.28 | 0.85 | 1.13 | 1.03 | 0.50 |
Shareholders Equity per Share |
12.00 | 13.77 | 14.63 | 16.65 | 17.62 | 16.95 | 16.63 | 17.03 | 20.56 | 24.81 |
Interest Debt per Share |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Book value per Share |
12.00 | 13.77 | 14.63 | 16.65 | 17.62 | 16.95 | 16.63 | 17.03 | 20.56 | 24.81 |
Free Cash Flow |
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 |
(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 |
(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 |
(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 |
17.66 | 17.92 | 17.26 | 21.55 | 25.94 | 28.15 | 23.61 | 24.75 | 25.72 | 25.81 |
Capex to Sales |
0.10 | 0.10 | 0.11 | 0.12 | 0.11 | 0.11 | 0.13 | 0.14 | 0.15 | 0.13 |
Price to Operating Income |
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 |
0.13 | 0.13 | 0.13 | 0.13 | 0.13 | 0.15 | 0.14 | 0.13 | 0.12 | 0.15 |
Cash ROIC |
11.35% | 10.74% | 11.46% | 8.52% | 8.12% | 11.79% | 8.78% | 7.73% | 6.63% | 8.51% |
Accounts Receivable Turnover |
6.44 | 6.43 | 6.42 | 6.73 | 6.16 | 6.94 | 7.44 | 7.27 | 6.73 | 6.51 |
Accounts Payable Turnover |
11.17 | 9.81 | 8.91 | 9.04 | 8.55 | 8.90 | 7.83 | 7.26 | 7.13 | 7.67 |
Inventory Turnover |
93.25 | 97.00 | 93.42 | 91.31 | 81.23 | 85.80 | 82.23 | 74.81 | 70.62 | 69.66 |
Average Days of Payables |
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 |
3.87 | 3.88 | 4.03 | 4.07 | 4.85 | 4.43 | 4.87 | 5.01 | 5.62 | 5.47 |
Average Receivables |
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 |
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 |
91.00 | 93.00 | 99.00 | 104.00 | 115.00 | 129.50 | 149.50 | 168.50 | 189.50 | 215.50 |
Average Assets |
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 |
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 |
Columns are period end dates