Stock research

Waste Management, Inc. (WM) Stock Research

Waste Management collects, disposes of, and recycles waste across North America.

For the fiscal year ended December 31, 2025, Waste Management, Inc. reported revenue of $25.2B and net income of $2.7B, with operating cash flow of $6.0B. Source: Form 10-K filed February 9, 2026

SEC data as of

Revenue
$25.2B
FY ending 2025-12-31
Net income
$2.7B
FY ending 2025-12-31
Diluted EPS
$6.70
Net margin
10.7%

Reported SEC XBRL figures. Each metric’s period and original filing are listed below.

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About Waste Management

Exchange
NYSE: WM
Sector
Industrials
SEC industry
Refuse Systems (SIC 4953)
Fiscal year end
December 31

WM key financials

Reported figures from Waste Management, Inc.'s filings, pulled directly from SEC XBRL data rather than a third-party terminal. Each row links to the filing it came from.

MetricValuePeriodSource
Revenue$25.2B2025-01-01 – 2025-12-31SEC filing
Net income$2.7B2025-01-01 – 2025-12-31SEC filing
Operating cash flow$6.0B2025-01-01 – 2025-12-31SEC filing
Diluted EPS$6.702025-01-01 – 2025-12-31SEC filing
Net margin10.7%2025-01-01 – 2025-12-31SEC filing
Shares outstanding403MAs of 2026-02-05SEC filing

Values are as tagged by the issuer in XBRL. Revenue for banks and insurers is net of interest expense where that is the reported line. Fiscal years that do not follow the calendar are shown by their period-end date. No price, market cap, or valuation multiple is shown because Yield Theory does not republish unlicensed market data.

Diluted EPS is the earnings figure behind the price-to-earnings ratio; the P/E multiple compression calculator shows how a change in that multiple moves a share price. Shares outstanding multiplied by the share price gives market capitalization.

What investors should watch in WM

Waste Management, Inc. sits in Industrials. Aerospace, machinery, defense, and transports — a cyclical read on capex, reshoring, and the physical economy. We have not yet written company-specific drivers for WM; the forces that matter most for the sector are:

  • ◆Capital-spending and manufacturing PMIs
  • ◆Reshoring and supply-chain reconfiguration
  • ◆Defense budgets and geopolitical conflict
  • ◆Freight rates and logistics demand

Key questions for the WM thesis

Each question starts with what the filings show, then why it matters. None of these is a rating or a forecast.

Does WM's reported profit turn into cash?

Operating cash flow was $6.0B, 2.23 times net income of $2.7B, for the fiscal year ended December 31, 2025.

Cash from operations exceeded reported earnings. Non-cash charges such as depreciation, amortization and stock-based compensation usually explain the gap; the cash-flow statement shows which.

Form 10-K filed February 9, 2026

How much of WM's revenue is left as profit?

Net income was 10.7% of revenue for the fiscal year ended December 31, 2025, based on revenue and net income reported for the same period.

Net margin reflects the business model as much as execution, so compare it with companies in the same SEC industry and read the income statement for one-time items before treating it as a run rate.

Form 10-K filed February 9, 2026

Members-only research

What members are reading this month

The thesis, the numbers behind it, and what would break it. Full access is $39 a month.

Read the full research

Congressional trading in WM

PoliticianTrade dateTypeOwnerAmountSource
Rick Larsen2026-01-07PurchaseSelf$1,001 - $15,000Filing #20033814
Gilbert Cisneros2025-09-26SaleSelf$1,001 - $15,000Filing #20032248
Lisa McClain2025-06-24SaleSpouse$1,001 - $15,000Filing #20030891
Lisa McClain2025-06-17PurchaseSpouse$1,001 - $15,000Filing #20030891
Robert Bresnahan2025-05-15SaleSelf$1,001 - $15,000Filing #20030482
Julie Johnson2025-04-07SaleJoint$1,001 - $15,000Filing #20030296

All verified WM congressional disclosures

Congressional disclosures are delayed, range-based records—not real-time signals or proof of motive. See the source-linked tracker for scope and limitations.

WM — frequently asked questions

What does Waste Management, Inc. do?

Waste Management collects, disposes of, and recycles waste across North America.

What were WM's latest reported annual revenue and net income?

For the fiscal year ended December 31, 2025, Waste Management, Inc. reported revenue of $25.2B and net income of $2.7B, with operating cash flow of $6.0B. The figures come from Waste Management, Inc.'s SEC XBRL filings.

When does Waste Management, Inc.'s fiscal year end?

The SEC lists Waste Management, Inc.'s fiscal year end as December 31.

Do members of Congress trade WM?

The current verified House and Senate snapshot contains 6 transaction rows for WM, each linked to the original filing.

Is WM a good investment?

This page does not rate WM as a buy or sell. It sets out what Waste Management, Inc. reports, what investors should watch and the questions a thesis has to answer, with links to the SEC filings. It is research, not investment advice.

This page is independent research and educational information, not investment advice or a recommendation to buy or sell any security. Company facts are compiled from public sources. Do your own research.

What do the WM numbers leave unanswered?

Financials describe the business. The next question is which assumptions an investment thesis depends on. Explore the member reports below for analysis of catalysts, risks, and what would change the view. $39/month or $249/year.

$39/mo or $249/yr · cancel future renewals anytime · sources included