Waste Management Inc
WM- Exchange
- NYSE
- Industry
- Refuse Systems
- SEC CIK
- 0000823768
In the last 90 days, Waste Management Inc insiders filed 0 open-market purchases and 2 sales; 2,387 institutions reported holding it in 13F filings for Q2 2026, worth $74.1B in total; Gates Foundation Trust is the only superinvestor holding it.
- Currency
- USD
- Source
- SEC XBRL data (10-K, 10-Q, 20-F, 40-F)
- Updated
- Oct 29, 2026, 1:11 AM ET
Revenue flow, FY2025
Where the revenue went in FY2025, from the income statement below. Green is profit; orange is costs, expenses and taxes. Percentages are shares of revenue; hover over a band or a bar for the exact amount.
Income statement
Each column is one fiscal year, newest first.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Period end | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 |
| Filing | 10-K | 10-K | 10-K | 10-K | 10-K |
| Reported | Jan 28, 2026 | Jan 30, 2025 | Feb 13, 2024 | Feb 1, 2023 | Feb 2, 2022 |
| Revenue | $25.2B | $22.1B | $20.4B | $19.7B | $17.9B |
| Cost of revenue | $15.0B | $13.4B | $12.6B | $12.3B | $11.1B |
| Selling, general and administrative | $2.72B | $2.26B | $1.93B | $1.94B | $1.86B |
| Operating income | $4.31B | $4.06B | $3.58B | $3.37B | $2.96B |
| Income tax | $717.0M | $713.0M | $745.0M | $678.0M | $532.0M |
| Net income | $2.71B | $2.75B | $2.30B | $2.24B | $1.82B |
| EPS, basic | $6.72 | $6.84 | $5.69 | $5.42 | $4.32 |
| EPS, diluted | $6.70 | $6.81 | $5.66 | $5.39 | $4.29 |
| Weighted shares, basic | 402.7M | 401.5M | 404.9M | 412.8M | 420.4M |
| Weighted shares, diluted | 404.2M | 403.4M | 406.9M | 415.0M | 422.9M |
| Margins and growth | |||||
| Operating margin | 17.1% | 18.4% | 17.5% | 17.1% | 16.5% |
| Net margin | 10.7% | 12.4% | 11.3% | 11.4% | 10.1% |
| Revenue growth, year over year | +14.2% | +8.0% | +3.7% | +9.9% | +17.8% |
| Net income growth, year over year | −1.4% | +19.2% | +2.9% | +23.2% | +21.4% |
Balance sheet
Each column is one fiscal year, newest first.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Period end | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 |
| Filing | 10-K | 10-K | 10-K | 10-K | 10-K |
| Reported | Jan 28, 2026 | Jan 30, 2025 | Feb 13, 2024 | Feb 1, 2023 | Feb 2, 2022 |
| Cash and equivalents | $201.0M | $414.0M | $458.0M | $351.0M | $118.0M |
| Accounts receivable | $3.44B | $3.27B | $2.63B | $2.46B | $2.28B |
| Total current assets | $4.91B | $4.77B | $3.80B | $3.55B | $3.07B |
| Goodwill | $13.9B | $13.4B | $9.25B | $9.32B | $9.03B |
| Intangible assets | $3.77B | $4.19B | $759.0M | $827.0M | $898.0M |
| Total assets | $45.8B | $44.6B | $32.8B | $31.4B | $29.1B |
| Accounts payable | $1.87B | $2.05B | $1.71B | $1.77B | $1.38B |
| Short-term debt | $711.0M | $1.36B | $334.0M | $414.0M | $708.0M |
| Total current liabilities | $5.52B | $6.26B | $4.23B | $4.39B | $4.08B |
| Total liabilities | $35.8B | $36.3B | $25.9B | $24.5B | $22.0B |
| Shareholders' equity | $9.99B | $8.25B | $6.90B | $6.86B | $7.13B |
Cash flow statement
Each column is one fiscal year, newest first. Free cash flow is operating cash flow minus capital expenditures.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Period end | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 |
| Filing | 10-K | 10-K | 10-K | 10-K | 10-K |
| Reported | Jan 28, 2026 | Jan 30, 2025 | Feb 13, 2024 | Feb 1, 2023 | Feb 2, 2022 |
| Operating cash flow | $6.04B | $5.39B | $4.72B | $4.54B | $4.34B |
| Capital expenditures | $3.23B | $3.23B | $2.90B | $2.81B | $2.04B |
| Free cash flow | $2.82B | $2.16B | $1.82B | $1.73B | $2.30B |
| Depreciation and amortization | $2.86B | $2.27B | $2.07B | $2.04B | $2.00B |
| Stock-based compensation | $169.0M | $118.0M | $93.0M | $84.0M | $108.0M |
| Dividends paid | $1.33B | $1.21B | $1.14B | $1.08B | $970.0M |
| Share buybacks | – | $262.0M | $1.30B | $1.50B | $1.35B |
| Investing cash flow | -$3.57B | -$10.6B | -$3.09B | -$3.06B | -$1.89B |
| Financing cash flow | -$2.67B | $5.16B | -$1.52B | -$1.22B | -$2.90B |
| Net change in cash | -$190.0M | -$65.0M | $107.0M | $251.0M | -$454.0M |
| Ratio | |||||
| Stock-based compensation, % of revenue | 0.7% | 0.5% | 0.5% | 0.4% | 0.6% |
Shares outstanding
Common shares outstanding as stated on the cover of each 10-K and 10-Q. The date is the cover date, not the period end; a rising count means dilution.
| Cover date | Shares outstanding | Change in a year | Filing |
|---|---|---|---|
| Oct 23, 2026 | 397.6M | −1.3% | SEC |
| Jul 24, 2026 | 399.7M | −0.8% | SEC |
| Apr 24, 2026 | 401.6M | −0.2% | SEC |
| Feb 5, 2026 | 403.3M | +0.3% | SEC |
| Oct 24, 2025 | 402.9M | +0.4% | SEC |
| Jul 25, 2025 | 402.8M | +0.4% | SEC |
| Apr 25, 2025 | 402.4M | +0.3% | SEC |
| Feb 14, 2025 | 402.1M | +0.1% | SEC |
Notes and known gaps
How these numbers are put together, and what they can't tell you.
- Numbers come from the XBRL data in each period's original 10-K, 10-Q, 20-F or 40-F, or its amendment. They are shown as filed: later filings don't restate earlier periods here.
- Reported is the filing date of the first 8-K with Item 2.02 (results of operations) after the period ended, no later than the 10-Q or 10-K and within 120 days. Companies that release results only in the 10-Q, and foreign companies, which use Form 6-K, have none.
Known gaps
- Foreign companies that file Form 20-F or 40-F have annual statements only: their quarterly results are furnished on Form 6-K, which has no XBRL data.
- EPS and share counts are as reported at the time, not adjusted for later stock splits.
- For ADRs, EPS is per ordinary share, not per ADS (one TSMC ADS is five ordinary shares).
- For banks, revenue may be interest income only, depending on how the bank tags its filings; cost of revenue and gross profit are usually blank.
- Companies with several share classes, such as Berkshire Hathaway, may have no EPS and no cover share count.
- Depreciation and amortization is missing for some companies that report it under their own XBRL tags.