(WM) Waste Management - Overview

Sector: Industrials | Industry: Waste Management | Exchange: NYSE (USA) | Market Cap: 92.683m USD | Total Return: 0.9% in 12m

Stock Collection, Recycling, Disposal, Energy
Total Rating 49
Safety 77
Buy Signal 0.42
Waste Management -0.3
Environmental & Facilities Services +2.3
Market Cap: 92,683m
Avg Trading Vol: 448M USD
ATR: 2.16%
Peers RS (IBD): 63.9
Risk 5d forecast
Volatility18.4%
Rel. Tail Risk-9.00%
Reward TTM
Sharpe Ratio-0.09
Alpha-1.38
Character TTM
Beta-0.037
Beta Downside0.076
Drawdowns 3y
Max DD18.14%
CAGR/Max DD0.76
EPS (Earnings per Share) EPS (Earnings per Share) of WM over the last years for every Quarter: "2021-03": 1.06, "2021-06": 1.27, "2021-09": 1.26, "2021-12": 1.26, "2022-03": 1.29, "2022-06": 1.44, "2022-09": 1.56, "2022-12": 1.3, "2023-03": 1.31, "2023-06": 1.51, "2023-09": 1.63, "2023-12": 1.74, "2024-03": 1.75, "2024-06": 1.82, "2024-09": 1.96, "2024-12": 1.7, "2025-03": 1.67, "2025-06": 1.92, "2025-09": 1.98, "2025-12": 1.93, "2026-03": 0,
EPS CAGR: -45.21%
EPS Trend: -14.5%
Last SUE: -4.00
Qual. Beats: 0
Revenue Revenue of WM over the last years for every Quarter: 2021-03: 4112, 2021-06: 4476, 2021-09: 4665, 2021-12: 4678, 2022-03: 4661, 2022-06: 5027, 2022-09: 5075, 2022-12: 4935, 2023-03: 4892, 2023-06: 5119, 2023-09: 5198, 2023-12: 5217, 2024-03: 5159, 2024-06: 5402, 2024-09: 5609, 2024-12: 5893, 2025-03: 6018, 2025-06: 6430, 2025-09: 6443, 2025-12: 6313, 2026-03: null,
Rev. CAGR: 8.43%
Rev. Trend: 94.5%
Last SUE: -1.44
Qual. Beats: 0
Description: WM Waste Management

Waste Management, Inc. (NYSE: WM) delivers a full suite of environmental services across North America and Western Europe, ranging from residential and commercial waste collection to advanced recycling, landfill-gas-to-energy generation, and regulated-waste compliance. Its operations span transfer stations, landfills, renewable-energy facilities, and secure information-destruction services, positioning the company as an integrated waste-to-resource provider.

In FY 2023, WM reported revenue of $15.5 billion and adjusted EBITDA of $2.6 billion, reflecting a 4 % YoY increase driven by higher recycling volumes (+7 % to 12 million tons) and expanded renewable-energy output (landfill-gas-to-electricity capacity now exceeds 1.5 GW). Capital expenditures rose to $1.3 billion, focused on modernizing landfill sites and scaling its renewable natural-gas (RNG) projects, which are projected to supply ≈ 250 MMcf/d of RNG by 2025.

Key sector catalysts include tightening federal and state waste-diversion mandates, growing demand for ESG-aligned waste solutions, and rising commodity prices for recycled materials that boost margin potential. As municipalities accelerate zero-waste goals, WM’s integrated model is well-placed to capture incremental volume and revenue.
For a deeper dive into WM’s valuation, see ValueRay’s research.

Headlines to Watch Out For
  • Commercial and industrial waste volumes drive collection revenue
  • Landfill gas-to-energy projects boost renewable energy income
  • Commodity price fluctuations impact recycling segment profitability
  • Environmental regulations influence operating costs and capital expenditures
  • Fuel and labor expenses directly affect operating margins
Piotroski VR‑10 (Strict) 6.0
Net Income: 2.71b TTM > 0 and > 6% of Revenue
FCF/TA: 0.06 > 0.02 and ΔFCF/TA 1.30 > 1.0
NWC/Revenue: -2.44% < 20% (prev -6.73%; Δ 4.29% < -1%)
CFO/TA 0.13 > 3% & CFO 6.04b > Net Income 2.71b
Net Debt (22.71b) to EBITDA (7.27b): 3.12 < 3
Current Ratio: 0.89 > 1.5 & < 3
Outstanding Shares: last quarter (404.5m) vs 12m ago 0.22% < -2%
Gross Margin: 29.08% > 18% (prev 0.29%; Δ 2.88k% > 0.5%)
Asset Turnover: 55.76% > 50% (prev 49.51%; Δ 6.25% > 0%)
Interest Coverage Ratio: 4.76 > 6 (EBITDA TTM 7.27b / Interest Expense TTM 912.0m)
Altman Z'' 2.29
A: -0.01 (Total Current Assets 4.91b - Total Current Liabilities 5.52b) / Total Assets 45.84b
B: 0.38 (Retained Earnings 17.23b / Total Assets 45.84b)
C: 0.10 (EBIT TTM 4.34b / Avg Total Assets 45.20b)
D: 0.48 (Book Value of Equity 17.23b / Total Liabilities 35.84b)
Altman-Z'' Score: 2.29 = BBB
Beneish M -3.04
DSRI: 0.96 (Receivables 4.05b/3.69b, Revenue 25.20b/22.06b)
GMI: 1.00 (GM 29.08% / 29.07%)
AQI: 0.98 (AQ_t 0.45 / AQ_t-1 0.46)
SGI: 1.14 (Revenue 25.20b / 22.06b)
TATA: -0.07 (NI 2.71b - CFO 6.04b) / TA 45.84b)
Beneish M-Score: -3.04 (Cap -4..+1) = AA
What is the price of WM shares? As of April 04, 2026, the stock is trading at USD 229.79 with a total of 1,768,586 shares traded.
Over the past week, the price has changed by +4.60%, over one month by -2.91%, over three months by +7.71% and over the past year by +0.91%.
Is WM a buy, sell or hold? Waste Management has received a consensus analysts rating of 3.84. Therefore, it is recommended to buy WM.
  • StrongBuy: 9
  • Buy: 4
  • Hold: 11
  • Sell: 1
  • StrongSell: 0
What are the forecasts/targets for the WM price?
Wallstreet Target Price 254 10.6%
Analysts Target Price 254 10.6%
WM Fundamental Data Overview as of 02 April 2026
P/E Trailing = 34.2459
P/E Forward = 25.0627
P/S = 3.6773
P/B = 9.4966
P/EG = 2.4465
Revenue TTM = 25.20b USD
EBIT TTM = 4.34b USD
EBITDA TTM = 7.27b USD
Long Term Debt = 22.20b USD (from longTermDebt, last quarter)
Short Term Debt = 711.0m USD (from shortTermDebt, last quarter)
Debt = 22.91b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 22.71b USD (from netDebt column, last quarter)
Enterprise Value = 115.39b USD (92.68b + Debt 22.91b - CCE 201.0m)
Interest Coverage Ratio = 4.76 (Ebit TTM 4.34b / Interest Expense TTM 912.0m)
EV/FCF = 40.98x (Enterprise Value 115.39b / FCF TTM 2.82b)
FCF Yield = 2.44% (FCF TTM 2.82b / Enterprise Value 115.39b)
FCF Margin = 11.17% (FCF TTM 2.82b / Revenue TTM 25.20b)
Net Margin = 10.74% (Net Income TTM 2.71b / Revenue TTM 25.20b)
Gross Margin = 29.08% ((Revenue TTM 25.20b - Cost of Revenue TTM 17.88b) / Revenue TTM)
Gross Margin QoQ = 29.30% (prev 29.19%)
Tobins Q-Ratio = 2.52 (Enterprise Value 115.39b / Total Assets 45.84b)
Interest Expense / Debt = 0.97% (Interest Expense 223.0m / Debt 22.91b)
Taxrate = 20.64% (193.0m / 935.0m)
NOPAT = 3.44b (EBIT 4.34b * (1 - 20.64%))
Current Ratio = 0.89 (Total Current Assets 4.91b / Total Current Liabilities 5.52b)
Debt / Equity = 2.29 (Debt 22.91b / totalStockholderEquity, last quarter 9.99b)
Debt / EBITDA = 3.12 (Net Debt 22.71b / EBITDA 7.27b)
Debt / FCF = 8.06 (Net Debt 22.71b / FCF TTM 2.82b)
Total Stockholder Equity = 9.34b (last 4 quarters mean from totalStockholderEquity)
RoA = 5.99% (Net Income 2.71b / Total Assets 45.84b)
RoE = 28.99% (Net Income TTM 2.71b / Total Stockholder Equity 9.34b)
RoCE = 13.76% (EBIT 4.34b / Capital Employed (Equity 9.34b + L.T.Debt 22.20b))
RoIC = 10.47% (NOPAT 3.44b / Invested Capital 32.87b)
WACC = 4.84% (E(92.68b)/V(115.59b) * Re(5.85%) + D(22.91b)/V(115.59b) * Rd(0.97%) * (1-Tc(0.21)))
Discount Rate = 5.85% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 7.92%
Shares Correlation 3-Years: 33.33 | Cagr: 0.04%
[DCF] Terminal Value 87.01% ; FCFF base≈2.55b ; Y1≈2.74b ; Y5≈3.35b
[DCF] Fair Price = 188.5 (EV 98.75b - Net Debt 22.71b = Equity 76.05b / Shares 403.3m; r=6.0% [WACC]; 5y FCF grow 8.22% → 3.0% )
EPS Correlation: -14.53 | EPS CAGR: -45.21% | SUE: -4.0 | # QB: 0
Revenue Correlation: 94.49 | Revenue CAGR: 8.43% | SUE: -1.44 | # QB: 0
EPS next Quarter (2026-06-30): EPS=2.03 | Chg7d=-0.001 | Chg30d=+0.003 | Revisions Net=-6 | Analysts=23
EPS current Year (2026-12-31): EPS=8.21 | Chg7d=-0.000 | Chg30d=+0.000 | Revisions Net=-2 | Growth EPS=+9.4% | Growth Revenue=+5.1%
EPS next Year (2027-12-31): EPS=9.36 | Chg7d=+0.000 | Chg30d=-0.014 | Revisions Net=-4 | Growth EPS=+14.0% | Growth Revenue=+5.5%
[Analyst] Revisions Ratio: -0.43 (4 Up / 10 Down within 30d for Next Quarter)
[Growth] Implied Growth Rate = 5.0% (Discount Rate 7.9% - Earnings Yield 2.9%)
[Growth] Growth Spread = -0.9% (Analyst 4.1% - Implied 5.0%)
External Resources
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