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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) Gross margin

Alert me on Gross margin

Waste Management, Inc.'s gross margin over the twelve months to 30 June 2026 was 40.6%, up 0.2 percentage points from fiscal 2025 (40.4%). Over the past ten years it has ranged from 36.5% (fiscal 2015) to 40.4% (fiscal 2025) — the current reading is the highest in ten years. That is above the Waste Management industry median of 31.6% and above the Industrials sector median of 30.5%.

Gross margin, annual

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Annual newest first

Period Gross margin Change (points)
FY2025 40.4% 1.10
FY2024 39.3% 1.06
FY2023 38.3% 0.69
FY2022 37.6% (0.44)
FY2021 38.0% (0.59)
FY2020 38.6% 0.06
FY2019 38.6% 0.58
FY2018 38.0% 0.26
FY2017 37.7% 0.08
FY2016 37.6% 1.15

Quarterly newest first

Period Gross margin Change (points)
Jun 2026 40.8% 0.15
Mar 2026 40.7% 0.30
Dec 2025 40.4% (0.13)
Sep 2025 40.5% (0.35)
42 more quarters

Against its own ten years

Low 36.5% High 40.4%
Ten-year median 38.0%
Current reading's percentile 98

Gross margin against peers

Company Gross margin
WCN Waste Connections, Inc. compare 42.5%
RSG Republic Services, Inc. compare 42.0%
WM Waste Management, Inc. 40.6%
ONT Onterris, Inc. compare 40.4%
CWST Casella Waste Systems, Inc. compare 33.4%
CLH Clean Harbors, Inc. compare 32.3%
GFL GFL Environmental Inc. compare 20.0%
PESI Perma-Fix Environmental Services, Inc. compare −2.82%
ABAT American Battery Technology Company compare −14.2%
Waste Management industry median 31.6%
Industrials sector median 30.5%
Market median 46.2%

What Gross margin is

Gross Margin tells an investor how much of each sale a company keeps after paying the direct costs of making or buying what it sells.

Gross Profit ÷ Revenue

The full definition of Gross margin →

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