Waste Management, Inc. (WM) Financial Statements
Historical financial data — 42 statements covering FY2016–FY2025
WM, previously known as Waste Management, ranks as the largest integrated provider of traditional solid waste services in the United States, operating 257 active landfill sites and about 342 transf...
Waste Management, Inc.'s revenue increased 14.2% year over year, from $22.06B to $25.20B.
Net income decreased 1.4% over the same period, from $2.75B to $2.71B.
Over the 9-year period from FY2016 to FY2025, revenue grew by 85% in total.
Total debt remained relatively stable at $22.91B.
The debt-to-equity ratio stands at 2.29, indicating a high leverage profile.
Operating cash flow grew 12.1% to $6.04B.
Waste Management, Inc. maintains a healthy net profit margin of 10.7%.
Recent Financial Statements
Quarterly figures are standalone quarters, de-cumulated from YTD filings (Q4 = FY − Q3 YTD when not reported).
| Period | Revenue | Net Income | Gross Profit | EBIT | Op. Cash Flow | Total Assets | Total Debt | Equity |
|---|---|---|---|---|---|---|---|---|
| Q3 FY2024 | $5.61B+3.8% | $760.0M | $2.21B | $1.12B | $1.36B | $34.73B | $16.65B | $7.98B |
| Q4 FY2024 | $5.89B+5.1% | $598.0M | $2.34B | $919.0M | $1.51B | $44.57B | $23.94B | $8.25B |
| Q1 FY2025 | $6.02B+2.1% | $637.0M | $2.37B | $1.01B | $1.21B | $44.49B | $23.84B | $8.65B |
| Q2 FY2025 | $6.43B+6.8% | $726.0M | $2.59B | $1.15B | $1.54B | $45.72B | $24.02B | $9.20B |
| Q3 FY2025 | $6.44B+0.2% | $603.0M | $2.61B | $989.0M | $1.59B | $45.61B | $23.36B | $9.52B |
| Q4 FY2025 | $6.31B-2.0% | $742.0M | $2.62B | $1.16B | $1.70B | $45.84B | $22.91B | $9.99B |
| Q1 FY2026 | $6.23B-1.4% | $723.0M | $2.53B | $1.11B | $1.50B | $45.70B | $22.89B | $10.02B |
| Q2 FY2026 | $6.68B+7.3% | $785.0M | $2.73B | $1.25B | $1.73B | $46.44B | $23.36B | $9.93B |
Balance Sheet Summary (Q2 FY2026)
Waste Management, Inc. (WM) Financial Statements & Revenue History
Waste Management, Inc. (WM) is a US-listed stock operating in the Industrials sector, specifically the Waste Management industry trading at $226.87 with a market capitalization of $91. This page provides 42 historical financial statements for Waste Management, Inc., including income statement, balance sheet, and cash flow data across multiple reporting periods. Most recently, Waste Management, Inc. reported revenue of $25.2 billion, representing 14.2% year-over-year growth. The net profit margin of 10.7% indicates moderate profitability. The debt-to-equity ratio of 2.29 signals high leverage.
WM Income Statement, Balance Sheet & Cash Flow
The financial statements table above shows Waste Management, Inc.'s revenue, net income, gross profit, EBIT, operating cash flow, total assets, total debt, and shareholders' equity across the most recent reporting periods. Year-over-year growth rates help identify whether WM is accelerating or decelerating in terms of top-line revenue and bottom-line profitability.
- Revenue trend: Track WM's top-line growth across quarters and fiscal years to identify acceleration or deceleration in the business.
- Profitability: Net income and gross profit margins reveal how efficiently Waste Management, Inc. converts revenue into earnings.
- Balance sheet health: Total assets, liabilities, debt, and equity provide a snapshot of WM's financial position and leverage.
- Cash flow: Operating cash flow shows how much cash the business generates from its core operations, which is critical for funding dividends, buybacks, and growth.
How to Use WM Financial Data
Investors use Waste Management, Inc.'s financial statements to assess the company's financial health, growth trajectory, and valuation. Key metrics to focus on include:
- Revenue growth rate: Consistent double-digit revenue growth suggests a strong business; declining revenue may signal competitive pressure.
- Net profit margin: Higher margins indicate a more efficient business with pricing power. Compare WM's margins to sector peers for context.
- Debt levels: High debt-to-equity ratios increase financial risk, especially in rising-rate environments. Low debt provides flexibility.
- Valuation multiples: See how WM's P/E, P/S, and EV/EBITDA ratios compare to historical levels.
- Full analysis: View WM's financial health score, earnings, and pre-market pricing.
Financial data is sourced from Waste Management, Inc.'s SEC filings (10-K, 10-Q) via Polygon.io and Finnhub.WM trades on NYSE/NASDAQ. This page is for informational purposes only and is not financial advice.