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

Waste Management, Inc. (WM) Price to free cash flow

Alert me on Price to free cash flow

As of 16 October 2026, Waste Management, Inc. (WM) trades at a price to free cash flow of 25.5×. Over the past ten years it has ranged from 16.2× (June 2015) to 53.0× (June 2025); the current reading is higher than 52% of that period. That is in line with the Waste Management industry median of 26.1× and above the Industrials sector median of 20.1×.

Price to free cash flow, daily

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Annual newest first

Period Price to free cash flow Change
FY2025 31.4× (16.27%)
FY2024 37.5× (5.88%)
FY2023 39.9× 19.88%
FY2022 33.3× 15.38%
FY2021 28.8× 2.34%
FY2020 28.2× 19.68%
FY2019 23.5× 15.62%
FY2018 20.4× (9.97%)
FY2017 22.6× 20.29%
FY2016 18.8× 0.74%

Quarterly newest first

Period Price to free cash flow Change
Jun 2026 25.0× (11.07%)
Mar 2026 28.2× (10.37%)
Dec 2025 31.4× (15.20%)
Sep 2025 37.1× (13.01%)
42 more quarters

Against its own ten years

Low 16.2× High 53.0×
Ten-year median 25.2×
Current reading's percentile 52

Price to free cash flow against peers

Company Price to free cash flow
PESI Perma-Fix Environmental Services, Inc. compare n/m
ABAT American Battery Technology Company compare n/m
ONT Onterris, Inc. compare 9.5×
WM Waste Management, Inc. 25.5×
RSG Republic Services, Inc. compare 26.7×
CLH Clean Harbors, Inc. compare 35.3×
WCN Waste Connections, Inc. compare 36.1×
CWST Casella Waste Systems, Inc. compare 52.9×
GFL GFL Environmental Inc. compare 81.9×
Waste Management industry median 26.1×
Industrials sector median 20.1×
Market median 14.2×

What Price to free cash flow is

Price to Free Cash Flow Ratio shows how much investors pay for each dollar of cash a company generates after its capital spending.

Stock Price ÷ ((Operating Cash Flow (TTM) + Property, Plant, Equipment Change (Net) (TTM) + Intangible Assets Change (Net) (TTM)) ÷ (Shares (Basic, Weighted) (latest quarter)))

The full definition of Price to free cash flow →

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