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.
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Waste Management, Inc. (WM) Free cash flow margin
Waste Management, Inc.'s free cash flow margin over the twelve months to 30 June 2026 was 13.9%, up 2.8 percentage points from fiscal 2025 (11.2%). Over the past ten years it has ranged from 8.93% (fiscal 2023) to 13.6% (fiscal 2021); the current reading is higher than 45% of that period. That is above the Waste Management industry median of 0.00% and above the Industrials sector median of 2.43%.
Free cash flow margin, annual
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Annual newest first
| Period | Free cash flow margin | Change (points) |
|---|---|---|
| FY2025 | 11.2% | 1.38 |
| FY2024 | 9.79% | 0.86 |
| FY2023 | 8.93% | (0.96) |
| FY2022 | 9.89% | (3.68) |
| FY2021 | 13.6% | 1.93 |
| FY2020 | 11.6% | (1.66) |
| FY2019 | 13.3% | 0.72 |
| FY2018 | 12.6% | 1.04 |
| FY2017 | 11.5% | (0.69) |
| FY2016 | 12.2% | 2.24 |
Against its own ten years
Free cash flow margin against peers
| Company | Free cash flow margin |
|---|---|
| RSG Republic Services, Inc. compare | 15.8% |
| WM Waste Management, Inc. | 13.9% |
| WCN Waste Connections, Inc. compare | 12.0% |
| CLH Clean Harbors, Inc. compare | 7.67% |
| ONT Onterris, Inc. compare | 6.84% |
| CWST Casella Waste Systems, Inc. compare | 5.45% |
| GFL GFL Environmental Inc. compare | 3.84% |
| PESI Perma-Fix Environmental Services, Inc. compare | −38.6% |
| ABAT American Battery Technology Company compare | −173.7% |
| Waste Management industry median | 0.00% |
| Industrials sector median | 2.43% |
| Market median | 0.00% |
What Free cash flow margin is
Free Cash Flow Margin tells an investor how much of each sale turns into cash the company keeps after paying for investment in its assets.
(Operating Cash Flow + Property, Plant, Equipment Change (Net) + Intangible Assets Change (Net)) ÷ Revenue
More on WM
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- Altman Z-score
- Beneish M-score
- The full statement