Waste Management (WM) financials
Waste Management revenue and earnings by year
Waste Management's revenue was $25.2 billion in the fiscal year to December 31, 2025, up 14.2% from the year before. Net income was $2.71 billion, 10.7% of revenue. Since the fiscal year to December 31, 2016, revenue has grown 7.1% a year on average.
Fiscal years, each labelled by the calendar year it ended in.
Income statement, the last 10 fiscal years
| Fiscal year to | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 25.2 | 22.1 | 20.4 | 19.7 | 17.9 | 15.2 | 15.5 | 14.9 | 14.5 | 13.6 |
| Revenue growth | 14.2% | 8.0% | 3.7% | 9.9% | 17.8% | -1.5% | 3.6% | 3.0% | 6.4% | — |
| Gross profit | 10.2 | 8.7 | 7.8 | 7.4 | 6.8 | 5.9 | 6.0 | 5.7 | 5.5 | 5.1 |
| Gross margin | 40.4% | 39.3% | 38.3% | 37.6% | 38.0% | 38.6% | 38.6% | 38.0% | 37.7% | 37.6% |
| Operating income | 4.3 | 4.1 | 3.6 | 3.4 | 3.0 | 2.4 | 2.7 | 2.8 | 2.6 | 2.3 |
| Operating margin | 17.1% | 18.4% | 17.5% | 17.1% | 16.5% | 16.0% | 17.5% | 18.7% | 18.2% | 16.9% |
| Net income | 2.7 | 2.7 | 2.3 | 2.2 | 1.8 | 1.5 | 1.7 | 1.9 | 1.9 | 1.2 |
| 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 | $4.46 | $4.41 | $2.65 |
| Free cash flow | 2.8 | 2.2 | 1.8 | 1.9 | 2.4 | 1.8 | 2.1 | 1.9 | 1.7 | 1.7 |
Diluted EPS is stated in today's shares (adjusted for every split since). Quarterly statements and the income statement as a flow chart are in the app: open WM in Markets.
How Waste Management makes money
Revenue by segment in the quarter to September 30, 2026, as the company reports it.
| Segment | Revenue | Share |
|---|---|---|
| East Tier | $3.09B | 45.5% |
| West Tier Region Areas | $2.95B | 43.5% |
| Healthcare Solutions | $752M | 11.1% |
See also: WM valuation and P/E history · WM returns
No forecast, no recommendation. This page describes Waste Management from published data; it is not advice to buy, sell or hold any security.
Figures as of the close on Oct 30, 2026 unless a row says otherwise. Prices are split adjusted; returns include dividends reinvested. Data may be delayed. See the disclaimer and how TrendArc works.