Waste Management Inc (WM)
Fair ValueFundamental
62
Price
$239.38
Market Cap
$91.77B
Part 1 · What the company is worth
Overview
Waste Management, Inc., through its subsidiaries, provides environmental solutions to residential, commercial, industrial, and municipal customers in the United States, Canada, Western Europe, and internationally. It offers collection services, including picking up and transporting waste and recyclable materials from where it was generated to a transfer station, recovery facility, or disposal site; owns and operates transfer stations; and owns, develops, and operates landfill gas-to-energy facilities that produce renewable electricity and renewable natural gas. It also operates materials processing and commodities recycling services, including cardboard, paper, glass, metals, plastics, construction and demolition materials, and other recycling commodities are recovered for resale or redirected for other purposes; markets and resells recycling commodities; recycling brokerage services, such as managing the marketing of recyclable materials for third parties; and other strategic business solutions. In addition, the company collects recyclable food and yard waste, as well as markets and sells mulch, compost, soil amendments, and renewable energy; offers remediation and construction, and industrial waste services; and manages and markets fly ash. Further, it provides Regulated Waste and Compliance Services (RWCS), which offers compliance programs, as well as collection, processing, and disposal of regulated and specialized waste, including medical, pharmaceutical, and hazardous waste; and Secure Information Destruction (SID) services that include the collection of personal and confidential information for secure destruction and recycling of sorted office paper. The company was formerly known as USA Waste Services, Inc. and changed its name to Waste Management, Inc. in 1998. Waste Management, Inc. was founded in 1968 and is based in Houston, Texas.
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Direct competitors
Who this company fights with for the same customers
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No competitor list for this company yet.
Balance Sheet & Liquidity
Revenue
$25.67B
Trailing 12 months (through 6/30/2026)
Net Income
$2.85B
Trailing 12 months (through 6/30/2026)
Free Cash Flow
$2.82B
Total Equity
$9.99B
Total Liabilities
$35.84B
Current Ratio
0.91
Interest Coverage
-
Debt/EBITDA
3.26
Earnings Per Share
Revenue & Net Income
Free Cash Flow
Income Breakdown
Historical statement
Margins over time
Debt over time
How heavy the debt is
Growth grid
Growth — Revenue
Fair Value Estimation
Fair Value
$216.25
Current Price
$239.38
Margin of Safety
-10.7%
Fair Value Range
$168.29 - $264.22
Spread across the valuation methods used, not a statistically calibrated confidence interval.
Estimation Methods
Valuation Metrics
P/E Ratio
33.91
ROE
27.1%
P/B Ratio
9.64
P/FCF
26.78
Gross Margin
40.6%
ROIC
8.8%
Profitability Radar
Value Creation (Economic Moat)
ROIC
8.8%
WACC
6.3%
ROIC − WACC
+2.5 pp
ROIC exceeds the cost of capital — the company is creating value for shareholders.
Fundamental Analysis Criteria
Passed (17)
- EPS shows upward trend
- EPS CAGR 6.30%
- Price CAGR 11.77%
- ROIC 8.8%
- Gross margin 40.6%
- P/FCF 26.78
- Debt/equity ratio
- Operating margin 17.6%
- Positive free cash flow
- Current ratio
- Debt/EBITDA
- Return on tangible assets
- ROE 28.9%
- Revenue growth 5Y 10.6%
- Earnings quality (operating cash flow / net income) 2.28
- Share dilution 0.2%
- Piotroski F-Score 8/9
Failed (8)
- P/B ratio 9.64
- CapEx intensity
- Low reliance on intangibles
- Price below Graham Number
- DCF valuation (Overvalued)
- Earnings surprise, average -2.1%
- PEG ratio 2.28
- Net margin trend 11.1% vs 11.4%
Unavailable (2)
- Dividend payout –
- Interest coverage
Piotroski F-Score
Strong financial health
Earnings Quality
High quality: earnings backed by cash
Share Dilution
Share count is stable
Institutional Holdings
Governance
Executive Team
| Name | Title | Age |
|---|---|---|
| Mr. James C. Fish Jr. | CEO & Director | 63 |
| Mr. John J. Morris Jr. | President | 55 |
| Mr. David L. Reed | CFO & Executive VP | 47 |
| Ms. Tara J. Hemmer | Executive VP & COO | 52 |
| Mr. John A. Carroll | VP & Chief Accounting Officer | 52 |
| Mr. Johnson Varkey | Senior VP & Chief Information Officer | 52 |
| Mr. Edward A. Egl | Director of Investor Relations | - |
| Mr. Charles C. Boettcher J.D. | Executive VP of Corporate Development & Chief Legal Officer | 51 |
| Mr. Charles S. Schwager | VP and Chief Compliance & Ethics Officer | - |
| Ms. Kimberly G. Stith | Senior VP & Chief Human Resources Officer | 59 |
Audit Risk
1
Board Risk
1
Compensation Risk
1
Shareholder Rights Risk
4
Documents
- View document
Annual Report (10-K)
A yearly overview of the business, its financial results, and the risks it faces.
Filed on 2026-02-09
- View document
Quarterly Report (10-Q)
A snapshot of financial performance for the most recent three-month period.
Filed on 2026-07-29
- View document
Current Report (8-K)
An announcement of a major event, such as a leadership change or big news.
Filed on 2026-08-26
via SEC EDGAR
Income History
via SEC EDGAR
Part 2 · The price and its context
This part shows how the price has behaved, not whether the company is worth owning. Inside: technical analysis, potential, historical drawdowns, gamma exposure.
Market Reaction Profile
How much WM moves, measured on its daily prices.
More volatile than 12% of the tracked stocks (90-day volatility).
- Volatility 30d
- 22.7%
- Volatility 90d
- 22.2%
- Beta vs S&P 500 (1y)
- -0.41Correlation -0.25
- Max drawdown (12m)
- -18.1%
- ATR (14d, % of price)
- 1.75%
Earnings reactions
How WM moved around its past quarterly results.
Next earnings release
Oct 27, 2026 · In 3 days · After the close
EPS estimate: 2.18Revenue estimate: $6.8B
What usually happens
- Over the last 12 releases the stock moved a median of 4.1% the next day, up or down.
- Next-day moves: up 7, down 5 (out of 12).
Release history
| Date | When | EPS est. | EPS actual | Surprise | Gap | 1 day | 5 days |
|---|---|---|---|---|---|---|---|
| Jul 28, 2026 | After the close | 2.04 | 2.02 | -1.1% | -1.1% | -1.2% | -5.9% |
| Apr 28, 2026 | After the close | 1.79 | 1.81 | +0.9% | -0.6% | +1.3% | -1.3% |
| Jan 28, 2026 | After the close | 2.00 | 1.93 | -3.5% | -1.3% | -3.7% | -2.2% |
| Oct 27, 2025 | After the close | 2.08 | 1.98 | -4.8% | -6.9% | -4.5% | -8.0% |
| Jul 28, 2025 | After the close | n/a | n/a | n/a | +0.7% | +3.4% | +1.2% |
| Apr 28, 2025 | After the close | n/a | n/a | n/a | -2.2% | -0.1% | +2.5% |
| Jan 29, 2025 | After the close | n/a | n/a | n/a | +2.8% | +6.1% | +7.3% |
| Oct 28, 2024 | After the close | n/a | n/a | n/a | +2.5% | +5.2% | +2.9% |
| Jul 24, 2024 | After the close | n/a | n/a | n/a | -6.7% | -8.0% | -6.8% |
| Apr 24, 2024 | After the close | n/a | n/a | n/a | -0.3% | +1.1% | -1.7% |
| Feb 12, 2024 | After the close | n/a | n/a | n/a | +4.5% | +6.0% | +7.2% |
| Oct 24, 2023 | After the close | n/a | n/a | n/a | +1.6% | +6.1% | +6.3% |
Release dates from SEC 8-K filings.
Updated 10/24/2026
Historical statistics for educational purposes only. They are not forecasts and not investment advice.
Price reaction to the news
Latest news on WM and what the price did next.
- 4/9/2026PositiveHere's How Much $1000 Invested In Waste Management 15 Years Ago Would Be Worth Today
- +1 day
- -1.5%
- +3 days
- -4.7%
Return of the stock minus return of SPY over the same days. A news item close to a price move did not necessarily cause it. Historical data for educational purposes only, not investment advice.
Latest News
Recent headlines for WM.
- 4/9/2026POSITIVEHere's How Much $1000 Invested In Waste Management 15 Years Ago Would Be Worth Today
An investment of $1000 in Waste Management Inc. (WM) 15 years ago would have grown to approximately $5,400 today, representing a substantial return on investment. This growth trajectory highlights the company's consistent performance and its resilience in the waste management sector. The stock has demonstrated steady appreciation, outperforming many market benchmarks over the long term. For investors, this underscores the value of holding stable, essential service providers through various economic cycles, suggesting continued potential for capital appreciation and dividend growth.