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WM · NYSE

Waste Management

Waste Management · United States

USD 211.10-1.0% daily changeQuote 2026-09-18 · USD
Market cap (USD)
US$84.38B
Trailing P/E
29.86x
Forward P/E
23.16x
Quarterly revenue growth
4.0%
Trailing net margin
11.1%
Indicated dividend yield
1.8%

Snapshot 2026-09-20 · Latest financial period 2026-06-30 · Yahoo Finance. Quotes may be delayed; reporting periods can differ.

Next earnings: 2026-10-26 (provider estimate, not issuer-confirmed).

Company background

Waste Management, Inc., through its subsidiaries, provides environmental solutions to residential, commercial, industrial, and municipal customers in the United States, Canada, Western Europe, and internationally. It offers collection services, including picking up and transporting waste and recyclable materials from where it was generated to a transfer station, recovery facility, or disposal site; owns and operates transfer stations; and owns, develops, and operates landfill gas-to-energy facilities that produce renewable electricity and renewable natural gas. It also operates materials processing and commodities recycling services, including cardboard, paper, glass, metals, plastics, construction and demolition materials, and other recycling commodities are recovered for resale or redirected for other purposes; markets and resells recycling commodities; recycling brokerage services, such as managing the marketing of recyclable materials for third parties; and other strategic business solutions. In addition, the company collects recyclable food and yard waste, as well as markets and sells mulch, compost, soil amendments, and renewable energy; offers remediation and construction, and industrial waste services; and manages and markets fly ash. Further, it provides Regulated Waste and Compliance Services (RWCS), which offers compliance programs, as well as collection, processing, and disposal of regulated and specialized waste, including medical, pharmaceutical, and hazardous waste; and Secure Information Destruction (SID) services that include the collection of personal and confidential information for secure destruction and recycling of sorted office paper. The company was formerly known as USA Waste Services, Inc. and changed its name to Waste Management, Inc. in 1998. Waste Management, Inc. was founded in 1968 and is based in Houston, Texas.

Company website

Q1 2026

Go beyond the headline.

WM Stock: Revenue Beats, EPS Misses — Q1 2026

Published 2026-05-02

Comparable businesses

WM peer comparison

Same business group first, then company size. Preferred market cap: 0.5–2x; extended range: one-third–3x. Outside that range, industry benchmarks are labeled separately and excluded from peer medians.

Comparison stocks

Market metrics · missing or inapplicable values shown as —
MetricWMWaste Management, Inc.Snapshot 2026-09-20Financial period: 2026-06-30RSGRepublic Services, Inc.Snapshot 2026-09-20Financial period: 2026-06-30ABATAmerican Battery Technology CompanySnapshot 2026-09-20Financial period: 2026-06-30
Market capMarket value, converted to USDUS$84.38BUS$66.78BUS$310.82M
Forward P/EProvider forward earnings estimate23.16x27.06x
EV / EBITDAEnterprise value / trailing EBITDA13.79x15.40x
Revenue growthLatest quarter vs prior-year quarter4.0%4.6%196.6%
Operating marginLatest reported quarter19.0%20.4%-246.5%
Free cash flow yieldTrailing cash flow / market cap2.8%2.9%0.8%
Net debt / EBITDANet debt / trailing EBITDA2.93x2.70x
Debt / equityTotal debt / positive book equity2.35x1.19x0.00x
Trailing P/ETrailing twelve-month earnings29.86x30.84x
Price / bookPrice / positive book equity per share8.51x5.55x2.44x
EV / salesEnterprise value / trailing revenue4.18x4.79x12.03x
Earnings growthLatest quarter vs prior-year quarter8.3%5.1%
Gross marginTrailing twelve months40.6%43.0%-14.2%
Net marginTrailing twelve months11.1%12.9%0.0%
Return on equityProvider trailing return; positive equity only29.8%18.2%-74.5%
Free cash flow marginTrailing free cash flow / revenue9.1%11.5%11.7%
Dividend yieldIndicated annual dividend / price1.8%1.2%
Earnings payoutProvider trailing dividend payout50.1%35.4%0.0%
Current ratioCurrent assets / current liabilities0.91x0.64x9.53x
BetaProvider historical market sensitivity0.430.401.25

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Comparison methodology & limitations

Reviewed operating groups override broad sector classifications. Other companies are matched only within a sufficiently specific provider industry. Business mix, geography and accounting standards can still differ. Market caps are converted to USD using exchange rates captured during the snapshot refresh. Financial ratios that would mix currencies are omitted. Snapshots must be at most 14 days old and no more than seven days apart for automatic selection.

Peer medians require at least two valid similar-size peers for each metric. Negative earnings, nonpositive equity, missing data and irrelevant bank ratios are not presented as attractive valuations. A higher or lower number is not automatically a better investment. Financial statement periods are not calendar-aligned across companies.

Reported performance

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Earnings-multiple scenario

Illustrative price = your earnings-per-share assumption × your P/E assumption. This is not a price target or a complete valuation model.

Starting assumptions, when available, use provider forward estimates as of 2026-09-20. Negative earnings require a different valuation method. This calculation omits balance-sheet, dilution and execution risks.

THE RESEARCH RECORD

Research history for WM

All available reporting periods
Q1 20262026-05-02

Reported figures

Verify material figures against company filings. Market data and AI-assisted analysis may contain errors.