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Waste Management Inc (WM) Financial History

20 years of revenue, earnings, cash-flow and balance-sheet history from public filings.

INDUSTRIALS · Environmental & Facilities Services · DATA UPDATED 2026-07-13

Waste Management Inc (WM) operates in the Environmental & Facilities Services industry and is headquartered in Houston, United States with about 60,500 employees. Its market capitalization is roughly $96 billion. In the fiscal year ended 2025-12-31, WM reported $25.2B in revenue and $2.7B in net income.

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.

Interactive charts & full statements → Open the WM valuation workbench →

WM Revenue & Earnings History — Annual Income Statement

Income statement	TTM → 2026-03-31	2025-12-31	2024-12-31	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31	2011-12-31	2010-12-31	2009-12-31	2008-12-31	2007-12-31	2006-12-31
Total Revenue	$25.4B	$25.2B	$22.1B	$20.4B	$19.7B	$17.9B	$15.2B	$15.5B	$14.9B	$14.5B	$13.6B	$13.0B	$14.0B	$14.0B	$13.6B	$13.4B	$12.5B	$11.8B	$13.4B	$13.3B	$13.4B
Gross Profit	$8.1B	$7.3B	$6.4B	$5.7B	$5.4B	$4.8B	$4.2B	$4.4B	$4.2B	$4.1B	$3.8B	$3.5B	$3.7B	$3.5B	$3.5B	$3.6B	$3.5B	$3.4B	$3.7B	$3.7B	$3.4B
Gross Margin %	32.1%	29.1%	29.1%	28.1%	27.2%	26.9%	27.6%	28.4%	28.1%	28.2%	28.1%	26.9%	26.5%	25.4%	25.4%	27.0%	27.9%	28.7%	27.5%	27.6%	25.8%
Operating Income (EBIT)	$4.7B	$4.6B	$4.1B	$3.8B	$3.4B	$3.0B	$2.5B	$2.8B	$2.7B	$2.6B	$2.4B	$2.1B	$2.3B	$2.1B	$2.0B	$2.1B	$2.0B	$2.0B	$2.2B	$2.2B	$2.1B
Operating Margin %	18.5%	18.3%	18.8%	18.7%	17.4%	16.8%	16.3%	17.8%	18.3%	18.1%	17.7%	16.5%	16.2%	14.9%	14.6%	15.4%	16.3%	17.1%	16.5%	16.8%	15.4%
Net Income	$2.8B	$2.7B	$2.7B	$2.3B	$2.2B	$1.8B	$1.5B	$1.7B	$1.9B	$1.9B	$1.2B	$753M	$1.3B	$98M	$817M	$961M	$953M	$994M	$1.1B	$1.2B	$1.1B
Net Margin %	11.0%	10.7%	12.4%	11.3%	11.4%	10.1%	9.8%	10.8%	12.9%	13.5%	8.7%	5.8%	9.3%	0.7%	6.0%	7.2%	7.6%	8.4%	8.1%	8.7%	8.6%
EBITDA	$7.4B	$7.2B	$6.5B	$5.7B	$5.4B	$4.8B	$4.1B	$4.2B	$4.3B	$4.0B	$3.6B	$2.8B	$3.6B	$2.4B	$3.2B	$3.4B	$3.4B	$3.2B	$3.5B	$3.7B	$3.6B
Earnings Per Share (EPS)	$6.91	$6.70	$6.81	$5.66	$5.39	$4.29	$3.52	$3.91	$4.45	$4.41	$2.65	$1.65	$2.79	$0.21	$1.76	$2.04	$1.98	$2.01	$2.19	$2.23	$2.10
Shares Outstanding (M)	404M	404M	403M	407M	415M	423M	425M	428M	432M	442M	446M	456M	466M	470M	464M	471M	482M	494M	495M	522M	546M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

WM Quarterly Revenue & Earnings — Last 8 Quarters

Quarterly income statement	2026-03-31	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30
Total Revenue	$6.2B	$6.3B	$6.4B	$6.4B	$6.0B	$5.9B	$5.6B	$5.4B
Gross Profit	$2.5B	$1.9B	$1.9B	$1.9B	$1.7B	$1.7B	$1.7B	$1.6B
Gross Margin %	40.7%	29.3%	29.2%	29.3%	28.5%	28.6%	29.4%	29.0%
Operating Income (EBIT)	$1.1B	$1.2B	$1.2B	$1.2B	$1.0B	$941M	$1.1B	$1.1B
Operating Margin %	17.9%	18.6%	18.9%	18.5%	17.1%	16.0%	20.1%	19.8%
Net Income	$723M	$742M	$603M	$726M	$637M	$598M	$760M	$680M
Net Margin %	11.6%	11.8%	9.4%	11.3%	10.6%	10.2%	13.6%	12.6%
EBITDA	$1.8B	$1.9B	$1.7B	$1.9B	$1.7B	$1.6B	$1.7B	$1.6B
Earnings Per Share (EPS)	$1.79	$1.83	$1.49	$1.80	$1.58	$1.48	$1.88	$1.69
Shares Outstanding (M)	404M	404M	404M	404M	404M	404M	403M	403M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

WM Free Cash Flow History

Cash flow	TTM → 2026-03-31	2025-12-31	2024-12-31	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31	2011-12-31	2010-12-31	2009-12-31	2008-12-31	2007-12-31	2006-12-31
Cash from Operations (CFO)	$6.3B	$6.0B	$5.4B	$4.7B	$4.5B	$4.3B	$3.4B	$3.9B	$3.6B	$3.2B	$3.0B	$2.5B	$2.3B	$2.5B	$2.3B	$2.5B	$2.3B	$2.4B	$2.6B	$2.4B	$2.5B
Capital Expenditures (CapEx)	$3.0B	$3.2B	$3.2B	$2.9B	$2.6B	$1.9B	$1.6B	$1.8B	$1.7B	$1.5B	$1.3B	$1.2B	$1.2B	$1.3B	$1.5B	$1.3B	$1.1B	$1.2B	$1.2B	$1.2B	$1.3B
Free Cash Flow (FCF)	$3.3B	$2.8B	$2.2B	$1.8B	$1.9B	$2.4B	$1.8B	$2.1B	$1.9B	$1.7B	$1.7B	$1.3B	$1.2B	$1.2B	$785M	$1.1B	$1.2B	$1.2B	$1.4B	$1.2B	$1.2B
FCF Margin %	13.0%	11.2%	9.8%	8.9%	9.9%	13.6%	11.6%	13.3%	12.6%	11.5%	12.2%	9.8%	8.4%	8.5%	5.8%	8.6%	9.4%	10.0%	10.1%	9.2%	9.1%
Dividends Paid	$1.4B	$1.3B	$1.2B	$1.1B	$1.1B	$970M	$927M	$876M	$802M	$750M	$726M	$695M	$693M	$683M	$658M	$696M	$604M	$619M	$531M	$495M	$476M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

WM Quarterly Free Cash Flow — Last 8 Quarters

Quarterly cash flow	2026-03-31	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30
Cash from Operations (CFO)	$1.5B	$1.7B	$1.6B	$1.5B	$1.2B	$1.5B	$1.4B	$1.2B
Capital Expenditures (CapEx)	$650M	$888M	$776M	$732M	$831M	$1.1B	$781M	$667M
Free Cash Flow (FCF)	$851M	$810M	$816M	$813M	$377M	$396M	$577M	$487M
FCF Margin %	13.7%	12.8%	12.7%	12.6%	6.3%	6.7%	10.3%	9.0%
Dividends Paid	$385M	$333M	$332M	$333M	$336M	$301M	$301M	$301M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

WM Balance Sheet History

Balance sheet	2026-03-31	2025-12-31	2024-12-31	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31	2011-12-31	2010-12-31	2009-12-31	2008-12-31	2007-12-31	2006-12-31
Total Assets	$45.7B	$45.8B	$44.6B	$32.8B	$31.4B	$29.1B	$29.3B	$27.7B	$22.6B	$21.8B	$20.9B	$20.4B	$21.4B	$22.6B	$23.1B	$22.6B	$21.5B	$21.2B	$20.2B	$20.2B	$20.6B
Cash & Cash Equivalents	$158M	$201M	$414M	$458M	$351M	$118M	$553M	$3.6B	$61M	$22M	$32M	$39M	$1.3B	$58M	$194M	$258M	$539M	$1.1B	$480M	$348M	$614M
Total Liabilities	$35.7B	$35.8B	$36.3B	$25.9B	$24.5B	$22.0B	$21.9B	$20.7B	$16.4B	$15.8B	$15.5B	$15.1B	$15.5B	$16.6B	$16.4B	$16.2B	$14.9B	$14.6B	$14.0B	$14.1B	$14.1B
Total Debt (Short + Long-Term)	$22.9B	$22.9B	$23.9B	$16.2B	$15.0B	$13.4B	$13.5B	$13.5B	$10.0B	$9.5B	$9.3B	$8.9B	$9.4B	$10.2B	$9.9B	$9.8B	$8.9B	$8.9B	$8.3B	$8.3B	$8.3B
Total Shareholders' Equity	$10.0B	$10.0B	$8.3B	$6.9B	$6.8B	$7.1B	$7.5B	$7.1B	$6.3B	$6.0B	$5.3B	$5.3B	$5.9B	$5.7B	$6.4B	$6.1B	$6.3B	$6.3B	$5.9B	$5.8B	$6.2B

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

Quarterly statements, profitability ratios, price history, insider activity and institutional holders are in the interactive WM viewer.

Other Companies in Environmental & Facilities Services

RSG · Republic Services — $67 billion
VLTO · Veralto — $23 billion
ROL · Rollins, Inc. — $19 billion

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