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

240.83 2.34 +0.98%

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

Show all line items

Columns are period end dates · fundamentals updated 2 Nov 2026

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