Waste Management Inc (WM)
Industrials · Environmental & Facilities Services · US stock · S&P 500 component
$226.86
▲ +2.67 (1.19%)
Fair valueFair
$186 −17.9% to fair value
$93fair band $130–$242$279
Day's range
$223.67 – $227.16
52-week range
$190.92 – $246.06
About Waste Management Inc
Waste Management collects, transfers, recycles and disposes of waste for residential, commercial and industrial customers in North America. It operates landfills, transfer stations and recycling facilities, and it captures landfill gas for use as energy. Revenue comes from collection contracts, disposal fees and the sale of recycled materials, and landfill ownership gives it a hard-to-replicate asset base in many of its local markets.
The company reported trailing revenue of $25.7 billion and three-year growth of 8.6% a year. Profitability figures show an operating margin of 17.6% and a return on invested capital of 11%. Its net debt to EBITDA ratio stands at 3.0 times. The dividend yield is 1.6%. Its X-Ray Score is 52 out of 100.
Written with AI from public information and the filing figures on this page, then checked automatically for unsupported numbers. It can contain mistakes: read the company's own filings below before relying on it.
Price chart
52-wk range $190.92 – $246.06Volume 2,575,200Daily, split-adjusted
Vitals
Market cap$91.3B
52-week range$190.92 – $246.06
Volume (last day)2,575,200
P/E (TTM)32.1
EBIT / EV yield4.0%
Free-cash-flow yield3.9%
Dividend yield1.6%
Revenue (TTM)$25.7B
Net income (TTM)$2.9B
Operating margin17.6%
Return on capital10.9%
Debt incl. leases$23.4B
Cash & securities$557M
Debt = borrowings plus lease liabilities. Cash & securities = cash, equivalents and short-term marketable securities (long-term securities are not counted, so net cash can be understated for companies like Apple). Net debt = debt minus cash & securities. Source: latest SEC 10-Q/10-K. EBIT / EV yield = operating profit divided by market cap plus net debt.
Fair value estimate
$186model spread $175 – $200
Fair
−17.9% to fair value
Equal blend of three models: peer multiples, a fundamentals-adjusted multiple (growth, ROIC and margin) and a 10-year DCF scaled to the market's average. Earnings-power value (no growth) is a floor and not part of the blend. Model uncertainty is Medium, so the safety margin is 30%.
Price $227
Undervalued < $130Fair $130 – $242Overvalued > $242
10-year DCF (market-scaled)
$152
Peer multiples
$198
Earnings power floor (not blended)
$46
Fundamentals-adjusted multiple
$209
Growth the price implies
19.2%/yr
A model estimate, not a price target or recommendation. Inputs: risk-free 5.09%, equity risk premium 4.23% (Damodaran). How it works.
What this means
Average business, fairly priced
The price sits inside our fair-value band. A high score does not guarantee a good outcome; it shifts the odds a little. Use the checklist as a prompt for your own research.
Before you invest · decision checklist
Ticked boxes are filled in from our data; the rest are yours to answer.
The five-lens scan
Every score explained in one sentence, ranked against Industrials peers. Open a lens to see the numbers behind it.
Valuation
Weak
38/100
Expensive against its sector on earnings and cash flow.
See the numbers →
EBIT / EV yield4.0%
Free-cash-flow yield3.9%
Fair value vs price0.8×
Growth
Strong
70/100
Growing faster than most of its sector.
See the numbers →
Revenue growth (3y)8.6%
EPS growth (3y)7.5%
Growth consistency100%
Profitability
Fair
56/100
Returns on capital are typical for its sector.
See the numbers →
Return on invested capital10.9%
Operating margin17.6%
Gross profitability22.6%
Financial health
Weak
45/100
Balance sheet is more stretched than most peers.
See the numbers →
Piotroski F-Score7 / 9
Net debt / EBITDA3.0×
Interest coverNo interest cost
Dividends
Fair
52/100
Dividend is typical for its sector.
See the numbers →
Dividend yield1.6%
Dividends vs free cash flow41%
Dividend growth7.4%
Quarterly results: last 6 quarters
+16.7%
Mar '25
+19.0%
Jun '25
+14.9%
Sep '25
+7.1%
Dec '25
+3.5%
Mar '26
+4.0%
Jun '26
Revenue against the same quarter a year earlier. Latest quarter revenue $6.7B, diluted EPS $1.95.
Compare with peers
ROL Rollins Inc59 VLTO Veralto Corp55 RSG Republic Services, Inc...46Other Environmental & Facilities Services companies by X-Ray Score.
Fundamentals checklist
● 5 Good · ● 6 Average · ● 5 BadCash quality
Earnings backed by cashGood
Free-cash-flow yieldAverage
Risk models
Altman Z''Bad
Piotroski F-ScoreGood
Growth
EPS growth (3y)Average
Free-cash-flow growth (3y)Average
Revenue growth (3y)Good
Growth consistencyGood
Balance sheet
Current ratioBad
Net debt / EBITDABad
Interest coverGood
Valuation
Fair value vs priceBad
EBIT / EV yieldAverage
Profitability
Return on invested capitalBad
Operating marginAverage
Gross profitabilityAverage
Each check is graded against the company's sector, not a fixed number. Checklist score 49/100.
Financials
| FY21 | FY22 | FY23 | FY24 | FY25 | |
|---|---|---|---|---|---|
| Revenue | $17.9B | $19.7B | $20.4B | $22.1B | $25.2B |
| Operating income | $3.0B | $3.4B | $3.6B | $4.1B | $4.3B |
| Net income | $1.8B | $2.2B | $2.3B | $2.7B | $2.7B |
| Operating cash flow | $4.3B | $4.5B | $4.7B | $5.4B | $6.0B |
| Operating margin | 16.5% | 17.1% | 17.5% | 18.4% | 17.1% |
| Free cash flow | $2.3B | $1.7B | $1.8B | $2.2B | $2.8B |
| Diluted EPS | $4.29 | $5.39 | $5.66 | $6.81 | $6.70 |
Fiscal years, from SEC filings.
Technical summary
Daily
Bullish
12 bullish · 0 neutral · 4 bearish
Weekly
Strongly bullish
9 bullish · 1 neutral · 2 bearish
Monthly
Strongly bullish
7 bullish · 1 neutral · 0 bearish
Moving averages (daily)
| SMA 10 | 213.2 | Bullish |
| EMA 10 | 215.4 | Bullish |
| SMA 20 | 209.7 | Bullish |
| EMA 20 | 213.1 | Bullish |
| SMA 50 | 215.8 | Bullish |
| EMA 50 | 215.4 | Bullish |
| SMA 100 | 220.3 | Bullish |
| EMA 100 | 218.5 | Bullish |
| SMA 200 | 222.9 | Bullish |
| EMA 200 | 219.9 | Bullish |
Oscillators (daily)
| RSI (14) | 73.20 | Bearish |
| MACD (12, 26) | 1.26 | Bullish |
| Momentum (12) | 11.25 | Bullish |
| Stochastic %K (14) | 98.87 | Bearish |
| Williams %R (14) | -1.13 | Bearish |
| CCI (20) | 285.2 | Bearish |
Pivot points (classic, last session)
S3 221.1 | S2 222.4 | S1 224.6 | Pivot 225.9 | R1 228.1 | R2 229.4 | R3 231.6 |
Signals describe what the chart is doing, not what to do. Moving averages: price above the average is bullish. Oscillators use the usual thresholds (RSI 30/70, Stochastic 20/80, CCI ±100, Williams %R −80/−20; MACD and momentum above zero are bullish). Weekly and monthly views use closing prices only.
Dividends
Paid, last 12 months
3.66 USD
Yield on today's price
1.61%
Frequency
Quarterly
Next ex-dividend date
Not announced
| Ex-dividend date | Amount per share |
|---|---|
| 11 Sep 2026 | 0.9450 |
| 5 Jun 2026 | 0.9450 |
| 13 Mar 2026 | 0.9450 |
| 5 Dec 2025 | 0.8250 |
| 12 Sep 2025 | 0.8250 |
| 6 Jun 2025 | 0.8250 |
| 14 Mar 2025 | 0.8250 |
| 6 Dec 2024 | 0.7500 |
| 13 Sep 2024 | 0.7500 |
| 7 Jun 2024 | 0.7500 |
| 14 Mar 2024 | 0.7500 |
| 30 Nov 2023 | 0.7000 |
Ex-dividend dates and amounts from EODHD. Shown as declared, before tax.
WM SEC filings
26 Aug 2026
8-KSEC EDGAR
Director or officer change; Regulation FD disclosure
29 Jul 2026
10-QSEC EDGAR
Quarterly report
28 Jul 2026
8-KSEC EDGAR
Results of operations
14 May 2026
8-KSEC EDGAR
Shareholder vote results
13 May 2026
8-KSEC EDGAR
Director or officer change
29 Apr 2026
10-QSEC EDGAR
Quarterly report
28 Apr 2026
8-KSEC EDGAR
Results of operations
31 Mar 2026
DEF 14ASEC EDGAR
Proxy statement
Where the numbers come from
Statements SEC EDGAR filings (10-K, 10-Q), quarters derived from year-to-date figures.
Prices end-of-day closes, split-adjusted.
Industry inputs beta, multiples and equity risk premium from Damodaran Online (NYU Stern).
StocksXray is for education only and is not financial advice. Scores and fair values are model estimates from public filings and carry uncertainty.