WM Stock Analysis: Waste Management | NYSE
Waste Management | NYSE, USA | Market Cap: 82.517m USD | 12M Return: -6.1% | US94106L1098 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 457M
EPS Trend: 89.6%
Qual. Beats: 0
Rev. Trend: 98.5%
Qual. Beats: 0
Warnings
Tailwinds
No distinct edge detected
Seasonality 11.7 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Waste Management, Inc. (NYSE: WM) is a leading provider of environmental services in North America, operating primarily in the United States, Canada, and Western Europe. The company serves residential, commercial, industrial, and municipal customers through an integrated business model that spans the entire waste value chain-from collection and transportation to processing, recycling, and disposal.
Its service portfolio includes curbside collection, transfer stations, and landfill operations, along with landfill gas-to-energy facilities that generate renewable electricity and natural gas. Waste Management also runs materials recovery and recycling brokerage operations, handling commodities such as paper, cardboard, metals, glass, and plastics. Additional offerings include organics processing (food and yard waste turned into mulch and compost), industrial and remediation services, fly ash management, regulated waste disposal for medical and hazardous materials, and secure information destruction services.
The company was founded in 1968 and is headquartered in Houston, Texas. It was originally known as USA Waste Services, Inc. before adopting its current name in 1998. As a large-cap constituent of the Industrials sector, Waste Management operates in the Environmental & Facilities Services sub-industry, which is generally regarded as an essential services segment with stable, recurring revenue tied to long-term municipal contracts and disposal volumes.
- Collection price-led revenue grows above volume
- Recycling commodity price swings pressure margins
- Renewable natural gas projects expand EBITDA mix
| Net Income: 2.85b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.08 > 0.02 and ΔFCF/TA 2.96 > 1.0 |
| NWC/Revenue: -2.15% < 20% (prev -3.47%; Δ 1.33% < -1%) |
| CFO/TA 0.14 > 3% & CFO 6.52b > Net Income 2.85b |
| Net Debt (22.8b) to EBITDA (7.54b): 3.03 < 3 |
| Current Ratio: 0.91 > 1.5 & < 3 |
| Outstanding Shares: last quarter (403.3m) vs 12m ago -0.25% < -2% |
| Gross Margin: 35.04% > 18% (prev 28.97%; Δ 6.07% > 0.5%) |
| Asset Turnover: 55.70% > 50% (prev 52.38%; Δ 3.32% > 0%) |
| Interest Coverage Ratio: 4.99 > 6 (EBIT TTM 4.53b / Interest Expense TTM 906.0m) |
| A: -0.01 (Total Current Assets 5.40b - Total Current Liabilities 5.95b) / Total Assets 46.4b |
| B: 0.39 (Retained Earnings 18.0b / Total Assets 46.4b) |
| C: 0.10 (EBIT TTM 4.53b / Avg Total Assets 46.1b) |
| D: 0.27 (Book Value of Equity 9.93b / Total Liabilities 36.5b) |
| Altman-Z'' = 2.13 = BBB |
| DSRI: 1.00 (Receivables 4.21b/3.93b, Revenue 25.7b/23.9b) |
| GMI: 0.83 (GM 28.97% / 35.04%) |
| AQI: 0.98 (AQ_t 0.44 / AQ_t-1 0.45) |
| SGI: 1.07 (Revenue 25.7b / 23.9b) |
| TATA: -0.08 (NI 2.85b - CFO 6.52b) / TA 46.4b) |
| Beneish M = -3.16 (Cap -4..+1) = AA |
As of October 01, 2026, the stock is trading at USD 203.92 with a total of 2,338,669 shares traded. Over the past week, the price has changed by -1.90%, over one month by -6.44%, over three months by -8.10% and over the past year by -6.12%.
Current recommended Stop Loss: 199.90 (which is 2% or 1.2 ATR below the current price).
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
| Analysts Target Price | 259.9 | 27.5% |
P/E Trailing = 29.2408
P/E Forward = 22.5225
P/S = 3.2149
P/B = 8.3721
P/EG = 1.9016
Revenue TTM = 25.7b USD
EBIT TTM = 4.53b USD
EBITDA TTM = 7.54b USD
Long Term Debt = 22.3b USD (from longTermDebt, last quarter)
Short Term Debt = 1.07b USD (from shortTermDebt, last quarter)
Debt = 23.4b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 22.8b USD (calculated: Debt 23.4b - CCE 557.0m)
Enterprise Value = 105b USD (82.5b + Debt 23.4b - CCE 557.0m)
Interest Coverage Ratio = 4.99 (Ebit TTM 4.53b / Interest Expense TTM 906.0m)
EV/FCF = 29.48x (Enterprise Value 105b / FCF TTM 3.57b)
FCF Yield = 3.39% (FCF TTM 3.57b / Enterprise Value 105b)
FCF Margin = 13.92% (FCF TTM 3.57b / Revenue TTM 25.7b)
Net Margin = 11.12% (Net Income TTM 2.85b / Revenue TTM 25.7b)
Gross Margin = 35.04% ((Revenue TTM 25.7b - Cost of Revenue TTM 16.7b) / Revenue TTM)
Gross Margin QoQ = 40.83% (prev 40.68%)
Tobins Q-Ratio = 2.27 (Enterprise Value 105b / Total Assets 46.4b)
Interest Expense / Debt = 3.88% (Interest Expense 906.0m / Debt 23.4b)
Taxrate = 21.27% (771.0m / 3.62b)
NOPAT = 3.56b (EBIT 4.53b * (1 - 21.27%))
Current Ratio = 0.91 (Total Current Assets 5.40b / Total Current Liabilities 5.95b)
Debt / Equity = 2.35 (Debt 23.4b / totalStockholderEquity, last quarter 9.93b)
Debt / EBITDA = 3.03 (Net Debt 22.8b / EBITDA 7.54b)
Debt / FCF = 6.38 (Net Debt 22.8b / FCF TTM 3.57b)
Total Stockholder Equity = 9.86b (last 4 quarters mean from totalStockholderEquity)
RoA = 6.19% (Net Income 2.85b / Total Assets 46.4b)
RoE = 28.92% (Net Income TTM 2.85b / Total Stockholder Equity 9.86b)
RoCE = 14.08% (EBIT 4.53b / Capital Employed (Equity 9.86b + L.T.Debt 22.3b))
RoIC = 8.69% (NOPAT 3.56b / Invested Capital 41.0b)
WACC = 4.48% (E(82.5b)/V(106b) * Re(4.88%) + D(23.4b)/V(106b) * Rd(3.88%) * (1-Tc(0.21)))
Discount Rate = 4.88% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 54.80 | Cagr: -0.02%
[DCF] Terminal Value 77.97% ; FCFF base≈3.01b ; Y1≈3.45b ; Y5≈5.08b
[DCF] Fair Price = 134.1 (EV 76.4b - Net Debt 22.8b = Equity 53.6b / Shares 399.7m; r=8.35% [WACC [floored]]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: 89.58 | EPS CAGR: 9.12% | SUE: 0.47 | # QB: 0
Revenue Correlation: 98.49 | Revenue CAGR: 10.63% | SUE: -0.39 | # QB: 0
EPS current Quarter (2026-09-30): EPS=2.19 | Chg30d=+0.00% | Revisions=-12% | Analysts=24
EPS current Year (2026-12-31): EPS=8.14 | Chg30d=+0.19% | Revisions=-15% | GrowthEPS=+8.6% | GrowthRev=+4.7%
EPS next Year (2027-12-31): EPS=9.12 | Chg30d=-0.03% | Revisions=-28% | GrowthEPS=+11.9% | GrowthRev=+5.4%
[Analyst] Revisions Ratio: -20% (up=28, down=43)