Waste Management financials
$207.09+0.31%
Close Sep 29, 2026 · split-adjustedRevenue
Net income
Income statement & cash flow
| Fiscal year | FY25 Dec 31 | FY24 Dec 31 | FY23 Dec 31 | FY22 Dec 31 | FY21 Dec 31 | FY20 Dec 31 | FY19 Dec 31 | FY18 Dec 31 | FY17 Dec 31 | FY16 Dec 31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $25.20B | $22.06B | $20.43B | $19.70B | $17.93B | $15.22B | $15.46B | $14.91B | $14.48B | $13.61B |
| Gross profit | $10.19B | $8.68B | $7.82B | $7.40B | $6.82B | $5.88B | $5.96B | $5.67B | $5.46B | $5.12B |
| Gross margin | 40.4% | 39.3% | 38.3% | 37.6% | 38.0% | 38.6% | 38.6% | 38.0% | 37.7% | 37.6% |
| Operating income | $4.31B | $4.06B | $3.58B | $3.37B | $2.96B | $2.43B | $2.71B | $2.79B | $2.64B | $2.30B |
| Net income | $2.71B | $2.75B | $2.30B | $2.24B | $1.82B | $1.50B | $1.67B | $1.93B | $1.95B | $1.18B |
| Net margin | 10.7% | 12.4% | 11.3% | 11.4% | 10.1% | 9.8% | 10.8% | 12.9% | 13.5% | 8.7% |
| Diluted EPS | $6.70 | $6.81 | $5.66 | $5.39 | $4.29 | $3.52 | $3.91 | $4.45 | $4.41 | $2.65 |
| EBITDA | $7.47B | $6.42B | $5.89B | $5.47B | $4.96B | $4.15B | $4.33B | $4.21B | $4.00B | $3.71B |
| Operating cash flow | $6.04B | $5.39B | $4.72B | $4.54B | $4.34B | $3.40B | $3.87B | $3.57B | $3.18B | $3.00B |
| Free cash flow | $2.82B | $2.16B | $1.82B | $1.95B | $2.43B | $1.77B | $2.06B | $1.88B | $1.67B | $1.66B |
| Diluted shares | 404.2M | 403.4M | 406.9M | 415.0M | 422.9M | 425.1M | 427.5M | 432.2M | 441.9M | 446.5M |
Balance sheet
| Period end | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 |
|---|---|---|---|---|---|---|
| Cash & equivalents | $201.0M | $414.0M | $458.0M | $351.0M | $118.0M | $553.0M |
| Short-term investments | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | — |
| Total debt | $22.91B | $23.90B | $16.23B | $14.98B | $13.40B | $13.81B |
| Total assets | $45.84B | $44.57B | $32.82B | $31.37B | $29.10B | $29.34B |
| Total liabilities | $35.84B | $36.31B | $25.93B | $24.50B | $21.97B | $21.89B |
| Shareholders' equity | $9.99B | $8.25B | $6.90B | $6.86B | $7.13B | $7.45B |
From SEC filings via Massive. Fiscal periods follow the company's own calendar; free cash flow is operating cash flow minus capital expenditure.
Sources: Massive / Polygon daily aggregates (split-adjusted) · SEC filings via Massive · FINRA settlements via Massive · Financial Modeling Prep. Figures are dated where shown; research is informational, not investment advice. Methodology