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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%
Market cap
$89.6B
P/E
32.0×
Fwd P/E
27.0×
Dividend yield
1.61%
F-score
6/9
Altman Z
2.85
Beneish M
−2.76
Dividend safety
77/100
Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios Filings 10-Q 10-K

Waste Management, Inc. (WM) Debt to equity

Alert me on Debt to equity

Waste Management, Inc.'s debt to equity at the end of the quarter to 30 June 2026 was 2.4×, up 0.1× from fiscal 2025 (2.3×). Over the past ten years it has ranged from 1.6× (fiscal 2017) to 2.9× (fiscal 2024); the current reading is higher than 82% of that period. That is above the Waste Management industry median of 0.9× and above the Industrials sector median of 0.3×.

Debt to equity, annual

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Annual newest first

Period Debt to equity Change
FY2025 2.3× (20.82%)
FY2024 2.9× 23.04%
FY2023 2.4× 7.81%
FY2022 2.2× 16.05%
FY2021 1.9× 1.53%
FY2020 1.9× (2.96%)
FY2019 1.9× 19.51%
FY2018 1.6× 1.70%
FY2017 1.6× (10.24%)
FY2016 1.8× 5.19%

Quarterly newest first

Period Debt to equity Change
Jun 2026 2.4× 3.02%
Mar 2026 2.3× (0.38%)
Dec 2025 2.3× (6.57%)
Sep 2025 2.5× (5.99%)
42 more quarters

Against its own ten years

Low 1.6× High 2.9×
Ten-year median 1.9×
Current reading's percentile 82

Debt to equity against peers

Company Debt to equity
ABAT American Battery Technology Company compare 0.0×
PESI Perma-Fix Environmental Services, Inc. compare 0.1×
CWST Casella Waste Systems, Inc. compare 0.9×
ONT Onterris, Inc. compare 0.9×
CLH Clean Harbors, Inc. compare 0.9×
RSG Republic Services, Inc. compare 1.1×
WCN Waste Connections, Inc. compare 1.2×
GFL GFL Environmental Inc. compare 1.3×
WM Waste Management, Inc. 2.4×
Waste Management industry median 0.9×
Industrials sector median 0.3×
Market median 0.1×

What Debt to equity is

Debt to Equity Ratio shows how much a company relies on borrowed money compared with the money its shareholders have in the business.

(Long Term Debt (Total) + Current Part of Debt) ÷ Shareholders Equity (Total)

The full definition of Debt to equity →

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