WM
Waste Management Inc.Stock · IndustrialsS&P 500 Equal Weight 0.2% · S&P 500 0.1% · US Stock Market 0.1% · Russell 1000 0.1% · Russell 3000 0.1% · MSCI ACWI 0.09% · MSCI World 0.09%$213.46-0.61%
as of market close, Sep 11, 2026
☾ AH — —
WM financial statements
The full income statement, balance sheet, and cash-flow statement for Waste Management Inc. (WM), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.
Shares outstanding (point-in-time)
2024-06 401.3M2024-09 401.4M2024-12 402.1M2025-03 402.4M2025-06 402.8M2025-09 402.9M2025-12 403.3M2026-03 401.6M2026-06 399.7M-0.4% over 8 periods
SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.
As-reported fiscal years.
| Line item | Trend | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Income Statement | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Revenue | 25.2B+14.2% | 22.1B+8.0% | 20.4B+3.7% | 19.7B+9.9% | 17.9B+17.8% | |
| Cost of revenue | 15.0B+12.2% | 13.4B+6.2% | 12.6B+2.5% | 12.3B+10.6% | 11.1B+18.9% | |
| Selling, general & administrative | 2.72B+20.2% | 2.26B+17.5% | 1.93B-0.6% | 1.94B+4.0% | 1.86B+7.9% | |
| Restructuring | 51.0M+1175.0% | 4.00M-20.0% | 5.00M+400.0% | 1.00M-87.5% | 8.00M-11.1% | |
| Amortization of intangibles | 421M+133.9% | 180M+39.5% | 129M+0.0% | 129M-9.8% | 143M+33.6% | |
| Provision for credit losses | 85.0M+30.8% | 65.0M+22.6% | 53.0M-3.6% | 55.0M+57.1% | 35.0M-31.4% | |
| Operating income | 4.31B+6.0% | 4.06B+13.7% | 3.58B+6.2% | 3.37B+13.5% | 2.96B+21.8% | |
| Other non-operating income | 20.0M+281.8% | -11.0M-283.3% | 6.00M+400.0% | -2.00M-140.0% | 5.00M+0.0% | |
| Equity-method income | 10.0M+150.0% | 4.00M+106.7% | -60.0M+10.4% | -67.0M-86.1% | -36.0M+47.1% | |
| Pre-tax income | 3.43B-0.9% | 3.46B+14.5% | 3.02B+3.5% | 2.92B+24.2% | 2.35B+24.1% | |
| Income tax | 717M+0.6% | 713M-4.3% | 745M+9.9% | 678M+27.4% | 532M+34.0% | |
| 2.71B-1.4% | 2.75B+19.2% | 2.30B+2.9% | 2.24B+23.2% | 1.82B+21.4% | ||
| Net income to non-controlling interest | 1.00M+200.0% | -1.00M+96.4% | -28.0M-1500.0% | 2.00M+100.0% | 1.00M | |
| $6.70-1.6% | $6.81+20.3% | $5.66+5.0% | $5.39+25.6% | $4.29+21.9% | ||
| EPS (basic) | $6.72-1.8% | $6.84+20.2% | $5.69+5.0% | $5.42+25.5% | $4.32+22.0% | |
| Weighted-avg shares (basic) | 403M+0.3% | 402M-0.8% | 405M-1.9% | 413M-1.8% | 420M-0.6% | |
| Weighted-avg shares (diluted) | 404M+0.2% | 403M-0.9% | 407M-2.0% | 415M-1.9% | 423M-0.5% | |
| Dividends per share | $3.30+10.0% | $3.00+7.1% | $2.80+7.7% | $2.60+13.0% | $2.30+5.5% | |
| Balance Sheet | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 4.91B+2.8% | 4.77B+25.5% | 3.80B+7.1% | 3.55B+15.7% | 3.07B-13.3% | ||
| Cash & equivalents | 201M-51.4% | 414M-9.6% | 458M+30.5% | 351M+197.5% | 118M-78.7% | |
| Accounts receivable | 3.44B+5.0% | 3.27B+24.3% | 2.63B+7.0% | 2.46B+8.0% | 2.28B+8.6% | |
| Other current assets | 429M-8.1% | 467M+54.1% | 303M+6.7% | 284M+5.2% | 270M+13.0% | |
| 45.8B+2.8% | 44.6B+35.8% | 32.8B+4.6% | 31.4B+7.8% | 29.1B-0.8% | ||
| Operating lease right-of-use | 959M-3.7% | 996M+119.9% | 453M-0.7% | 456M+1.1% | 451M-3.2% | |
| Goodwill | 13.9B+3.3% | 13.4B+45.2% | 9.25B-0.7% | 9.32B+3.3% | 9.03B+0.4% | |
| Intangible assets | 3.77B-10.1% | 4.19B+451.8% | 759M-8.2% | 827M-7.9% | 898M-12.3% | |
| Other non-current assets | 1.61B+2.6% | 1.57B+55.2% | 1.01B-1.1% | 1.02B+13.1% | 903M+4.3% | |
| 5.52B-11.7% | 6.26B+48.1% | 4.23B-3.8% | 4.39B+7.6% | 4.08B+14.9% | ||
| Accounts payable | 1.87B-8.7% | 2.05B+19.7% | 1.71B-3.2% | 1.77B+28.4% | 1.38B+22.7% | |
| Accrued liabilities | 2.21B+1.4% | 2.18B+35.8% | 1.60B-1.2% | 1.63B+13.8% | 1.43B+6.4% | |
| Deferred revenue | 735M+9.2% | 673M+16.4% | 578M-1.9% | 589M+3.2% | 571M+5.9% | |
| Short-term & current debt | 711M-47.7% | 1.36B+306.9% | 334M-19.3% | 414M-41.5% | 708M+28.5% | |
| Current lease liability | 165M+1.9% | 162M+145.5% | 66.0M+3.1% | 64.0M+0.0% | 64.0M+1.6% | |
| Finance lease liability (current) | 86.0M+17.8% | 73.0M+37.7% | 53.0M+20.5% | 44.0M-6.4% | 47.0M-6.0% | |
| 35.8B-1.3% | 36.3B+40.1% | 25.9B+5.8% | 24.5B+11.5% | 22.0B+0.4% | ||
| Long-term debt | 22.2B-1.5% | 22.5B+41.8% | 15.9B+9.1% | 14.6B+14.8% | 12.7B-4.2% | |
| Non-current lease liability | 845M-3.8% | 878M+94.2% | 452M-1.7% | 460M+0.2% | 459M+1.3% | |
| Operating lease liability (total) | 1.01B-2.9% | 1.04B+100.8% | 518M-1.1% | 524M+0.2% | 523M+1.4% | |
| Finance lease liability (total) | 563M+26.0% | 447M+19.5% | 374M+23.8% | 302M-10.7% | 338M-7.1% | |
| Finance lease liability | 477M+27.5% | 374M+16.5% | 321M+24.4% | 258M-11.3% | 291M-7.3% | |
| Deferred tax liabilities | 3.16B+12.3% | 2.81B+54.2% | 1.83B+5.4% | 1.73B+2.3% | 1.69B-6.2% | |
| Other non-current liabilities | 1.69B+2.1% | 1.65B+51.2% | 1.09B-1.3% | 1.11B-1.7% | 1.13B+7.0% | |
| 9.99B+21.1% | 8.25B+19.5% | 6.90B+0.8% | 6.85B-3.9% | 7.12B-4.4% | ||
| Common stock | 6.00M+0.0% | 6.00M+0.0% | 6.00M+0.0% | 6.00M+0.0% | 6.00M+0.0% | |
| Additional paid-in capital | 5.68B+3.3% | 5.50B+2.7% | 5.35B+0.7% | 5.31B+2.8% | 5.17B+0.8% | |
| Retained earnings | 17.2B+8.7% | 15.9B+10.6% | 14.3B+8.9% | 13.2B+9.7% | 12.0B+7.6% | |
| Treasury stock | 12.9B-0.6% | 13.0B+1.9% | 12.8B+10.2% | 11.6B+14.9% | 10.1B+13.4% | |
| Accumulated other comprehensive income | -10.0M+91.3% | -115M-210.8% | -37.0M+46.4% | -69.0M-505.9% | 17.0M-56.4% | |
| Non-controlling interest | 1.00M-50.0% | 2.00M+128.6% | -7.00M-146.7% | 15.0M+650.0% | 2.00M+0.0% | |
| Total equity incl. non-controlling | 9.99B+21.0% | 8.25B+19.7% | 6.90B+0.5% | 6.86B-3.7% | 7.13B-4.4% | |
| Total liabilities & equity | 45.8B+2.8% | 44.6B+35.8% | 32.8B+4.6% | 31.4B+7.8% | 29.1B-0.8% | |
| Common shares issued | 630M+0.0% | 630M+0.0% | 630M+0.0% | 630M+0.0% | 630M+0.0% | |
| Common shares outstanding | 403M+0.3% | 402M+0.0% | 402M-1.6% | 408M-2.0% | 416M-1.6% | |
| Shares outstanding (cover) | 403M+0.3% | 402M+0.1% | 402M-1.6% | 408M-1.6% | 415M-2.0% | |
| Cash Flow | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 6.04B+12.1% | 5.39B+14.2% | 4.72B+4.0% | 4.54B+4.6% | 4.34B+27.5% | ||
| Depreciation & amortization | 2.86B+26.3% | 2.27B+9.5% | 2.07B+1.6% | 2.04B+2.0% | 2.00B+19.6% | |
| Intangible amortization | 421M+133.9% | 180M+39.5% | 129M+0.0% | 129M-9.8% | 143M+33.6% | |
| Share-based compensation | 169M+43.2% | 118M+26.9% | 93.0M+10.7% | 84.0M-22.2% | 108M+14.9% | |
| Deferred income taxes | 363M+192.7% | 124M+49.4% | 83.0M+69.4% | 49.0M+163.6% | -77.0M-146.7% | |
| -3.57B+66.4% | -10.6B-243.0% | -3.09B-0.9% | -3.06B-61.7% | -1.89B+60.9% | ||
| Capital expenditure | 3.23B-0.1% | 3.23B+11.6% | 2.90B+3.1% | 2.81B+37.8% | 2.04B+28.6% | |
| Free cash flow | 2.82B+30.4% | 2.16B+18.4% | 1.82B+5.6% | 1.73B-24.9% | 2.30B+26.5% | |
| Acquisitions | 395M-94.7% | 7.49B+4304.7% | 170M-54.9% | 377M+402.7% | 75.0M-98.2% | |
| Other investing activities | 65.0M+62.5% | 40.0M-61.5% | 104M-17.5% | 126M+1045.5% | 11.0M-26.7% | |
| -2.67B-151.9% | 5.16B+438.3% | -1.52B-25.3% | -1.22B+58.1% | -2.90B-86.0% | ||
| Long-term debt issued | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Long-term debt repaid | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock issued | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock repurchased | 0.00-100.0% | 262M-79.9% | 1.30B-13.2% | 1.50B+11.1% | 1.35B+235.8% | |
| Dividends paid | 1.33B+10.2% | 1.21B+6.5% | 1.14B+5.5% | 1.08B+11.0% | 970M+4.6% | |
| Other financing activities | -16.0M+80.5% | -82.0M-645.5% | -11.0M-175.0% | -4.00M-108.2% | 49.0M+345.0% | |
| FX effect on cash | — | — | — | — | 2.00M-50.0% | |
| Net change in cash | -190M-192.3% | -65.0M-160.7% | 107M-57.4% | 251M+155.3% | -454M+84.9% | |
| Interest paid | 927M+74.9% | 530M+18.6% | 447M+28.4% | 348M-10.1% | 387M-16.1% | |
| Income taxes paid | 494M-23.4% | 645M+1.9% | 633M-14.0% | 736M+98.9% | 370M-12.3% | |
| Valuation Ratios | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Market cap | 88.6B+9.2% | 81.1B+12.5% | 72.1B+12.0% | 64.4B-6.9% | 69.2B+38.7% | |
| P/E | 32.7×+10.7% | 29.5×-5.4% | 31.2×+8.9% | 28.7×-24.7% | 38.1×+14.2% | |
| P/S | 3.5×-4.4% | 3.7×+2.7% | 3.6×+8.1% | 3.3×-14.2% | 3.9×+17.7% | |
| P/B | 8.9×-9.8% | 9.8×-5.3% | 10.4×+13.0% | 9.2×-5.4% | 9.7×+45.0% | |
| P/FCF | 31.5×-16.3% | 37.6×-10.0% | 41.8×+49.1% | 28.0×-6.9% | 30.1×+9.6% | |
| Earnings yield | 3.1%-9.7% | 3.4%+5.7% | 3.2%-8.1% | 3.5%+32.8% | 2.6%-12.5% | |
| FCF yield | 3.2%+19.4% | 2.7%+11.1% | 2.4%-32.9% | 3.6%+7.5% | 3.3%-8.8% | |
| Dividend yield | 1.5%+1.0% | 1.5%-4.9% | 1.6%-5.7% | 1.7%+20.3% | 1.4%-25.5% | |
| Source filing | 10-K | 10-K | 10-K | 10-K | 10-K |
About this data
Source: WM’s SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn’t file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all WM filings on SEC EDGAR → Not investment advice.