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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) Operating margin

Alert me on Operating margin

Waste Management, Inc.'s operating margin over the twelve months to 30 June 2026 was 17.6%, up 0.5 percentage points from fiscal 2025 (17.1%). Over the past ten years it has ranged from 15.8% (fiscal 2015) to 18.7% (fiscal 2018); the current reading is higher than 55% of that period. That is above the Waste Management industry median of 0.50% and above the Industrials sector median of 5.13%.

Operating margin, annual

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Annual newest first

Period Operating margin Change (points)
FY2025 17.1% (1.33)
FY2024 18.4% 0.92
FY2023 17.5% 0.42
FY2022 17.1% 0.54
FY2021 16.5% 0.55
FY2020 16.0% (1.52)
FY2019 17.5% (1.19)
FY2018 18.7% 0.50
FY2017 18.2% 1.33
FY2016 16.9% 1.09

Quarterly newest first

Period Operating margin Change (points)
Jun 2026 18.8% 0.88
Mar 2026 17.9% (0.43)
Dec 2025 18.3% 2.95
Sep 2025 15.4% (2.55)
42 more quarters

Against its own ten years

Low 15.8% High 18.7%
Ten-year median 17.1%
Current reading's percentile 64

Operating margin against peers

Company Operating margin
RSG Republic Services, Inc. compare 19.9%
WM Waste Management, Inc. 17.6%
WCN Waste Connections, Inc. compare 17.0%
CLH Clean Harbors, Inc. compare 11.8%
GFL GFL Environmental Inc. compare 7.99%
CWST Casella Waste Systems, Inc. compare 3.38%
ONT Onterris, Inc. compare 1.00%
PESI Perma-Fix Environmental Services, Inc. compare −33.4%
ABAT American Battery Technology Company compare −343.6%
Waste Management industry median 0.50%
Industrials sector median 5.13%
Market median 0.00%

What Operating margin is

EBIT Margin tells an investor how much operating profit, before interest and taxes, a company keeps from each unit of revenue.

EBIT ÷ Revenue

The full definition of Operating margin →

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