Waste Management (WM) Stock Insights

WM price $225.15 -10.66 -4.52%

Ticker
WM
Price
$225.15
Change
-10.66 -4.52%
Market cap ?
$90.00B
P/E ?
33.99
Forward P/E ?
27.77
Dividend yield ?
1.52%
Beta ?
0.43
Sector
Industrials
Industry
Waste Management
Stocklytics score
40
Value
26
Quality
52
Growth
42

Stocklytics score rationale: value 26, quality 52, growth 42.

Financials

2016201720182019202020212022202320242025
13609000000144850000001491400000015455000000152180000001793100000019698000000204260000002206300000025204000000

Waste Management, Inc. (WM) functions as a premier provider of environmental waste solutions across North America, serving a diverse client base that includes residential, commercial, industrial, and municipal customers. The company's core operations involve comprehensive collection services, which include gathering and transporting both waste materials and recyclables from their initial point of generation to…

Fair value

WM fair value $188.44. Price $225.15. Price is 19% above fair value.

Above fair value, but less expensive than usual. A smaller premium than on 78% of days in the past 5 years.

Fair value is an estimate of what one share is worth if future cash flows arrive as modeled. It is not a forecast of the share price. How discounted cash flow works.

Calculated with a 10-year free-cash-flow discount. Starting free cash flow 5.31B. Growth 8.24%. When analyst earnings forecasts are available, free cash flow in those years is forecast earnings times the company's usual conversion of earnings into free cash flow, kept between 60% and 130%. Years with fewer than 3 analyst estimates are left out. Growth then fades in a straight line to terminal growth by year 10, starting from the last well-covered year's growth, or from the pace across those years when the final year slows sharply, kept between 0% and 20%. Without those forecasts, year-1 growth is analyst revenue growth for the next full fiscal year, or 5-year historical revenue growth when that forecast is missing, held for five years, then fading in a straight line to terminal growth by year 10. Terminal growth 3.00%. Discount rate 8.70% (beta 0.8). Beta is kept between 0.8 and 2.0, which on its own would make the discount rate 8.7% to 15.3%. The rate is then capped at 12%. A cap is used because a discount above 12% pushes higher-beta stocks further from the price. The discount rate stays at least 5 percentage points above terminal growth. Shares 399.72M. Net debt 22.71B. The earnings value is next-12-months earnings per share, or trailing earnings when that forecast is missing, times the median P/E of the company's industry. That median uses listed stocks worth at least $10 billion with a positive P/E of 100 or below, and the industry needs at least eight of them. Otherwise the sector median is used when that group also has at least eight, then the market median of those large companies. The multiple used is the lower of that median and 1.25 times the stock's own 10-year median P/E, then kept between 8 and 30. If the stock has no 10-year median, the peer median is kept between 8 and 30. Fair value is the average of the cash-flow value and the earnings value when both exist. Card and credit companies use the earnings value only, because changes in customer receivables distort free cash flow. Model uncertainty is high when fair value is more than 60% from the price, or when most of the cash-flow value sits after year 10.

Free cash flow adds back growth capex above depreciation.

Compare WM

Earnings

DateEPS actualEPS estimateRevenueRevenue estimate
2027-01-27—2.08—6.70B
2026-10-272.152.186.85B6.81B
2026-07-282.021.986.68B6.71B
2026-04-281.811.756.23B6.28B
2026-01-281.931.956.31B6.39B
2025-10-271.982.016.44B6.49B
2025-07-281.921.896.43B6.36B
2025-04-281.671.596.02B6.11B
2025-01-291.701.805.89B5.84B
2024-10-281.961.895.61B5.51B
2024-07-241.821.835.40B5.43B
2024-04-241.751.515.16B5.22B
2024-02-121.741.535.22B5.19B
2023-10-241.631.615.20B5.27B
2023-07-251.511.545.12B5.32B
2023-04-261.311.294.89B5.24B
2023-01-311.301.414.93B4.97B
2022-10-261.561.515.08B5.05B
2022-07-271.441.405.03B4.85B
2022-04-261.291.144.66B4.45B
2022-02-021.261.264.68B4.62B
2021-10-261.261.364.67B4.54B
2021-07-271.271.184.48B4.53B
2021-04-271.061.014.11B3.91B
2021-02-181.131.094.07B3.97B
2020-11-021.091.023.86B3.61B
2020-07-300.880.813.56B3.28B
2020-05-060.930.923.73B3.69B
2020-02-131.191.153.85B3.72B
2019-10-231.191.143.97B3.80B
2019-07-251.111.083.95B3.84B
2019-04-250.940.923.70B3.62B
2019-02-141.131.063.84B3.60B
2018-10-251.151.113.82B3.69B
2018-07-251.010.993.74B3.66B
2018-04-200.910.833.51B3.20B
2018-02-150.850.833.65B3.57B
2017-10-260.890.883.72B3.63B
2017-07-260.820.813.68B3.68B
2017-04-260.660.663.44B3.44B

Dividends

Yield 1.63%. Payout ratio 48.01%. Frequency Quarterly.

Safety score 95/100 · Safe. Payout ratio is 48% of earnings. Dividends use less than 40% of free cash flow. Dividends were paid in 29 separate years. Yield is 1.6%, in a range that is usually sustainable.

Ex-dateDividendRecordPaymentFrequency
2026-09-11$0.942026-09-112026-09-25Quarterly
2026-06-05$0.942026-06-052026-06-18Quarterly
2026-03-13$0.942026-03-132026-03-27Quarterly
2025-12-05$0.822025-12-052025-12-19Quarterly
2025-09-12$0.822025-09-122025-09-26Quarterly
2025-06-06$0.822025-06-062025-06-20Quarterly
2025-03-14$0.822025-03-142025-03-28Quarterly
2024-12-06$0.752024-12-062024-12-20Quarterly
2024-09-13$0.752024-09-132024-09-27Quarterly
2024-06-07$0.752024-06-072024-06-21Quarterly
2024-03-14$0.752024-03-152024-03-28Quarterly
2023-11-30$0.702023-12-012023-12-15Quarterly
2023-09-07$0.702023-09-082023-09-22Quarterly
2023-06-01$0.702023-06-022023-06-16Quarterly
2023-03-09$0.702023-03-102023-03-24Quarterly
2022-12-01$0.652022-12-022022-12-16Quarterly
2022-09-08$0.652022-09-092022-09-23Quarterly
2022-06-02$0.652022-06-032022-06-17Quarterly
2022-03-16$0.652022-03-172022-03-31Quarterly
2021-12-02$0.572021-12-032021-12-17Quarterly
2021-09-02$0.572021-09-032021-09-17Quarterly
2021-06-03$0.572021-06-042021-06-18Quarterly
2021-03-11$0.572021-03-122021-03-26Quarterly
2020-12-03$0.552020-12-042020-12-18Quarterly
2020-09-03$0.552020-09-042020-09-18Quarterly
2020-06-04$0.552020-06-052020-06-19Quarterly
2020-03-05$0.552020-03-062020-03-20Quarterly
2019-12-05$0.512019-12-062019-12-20Quarterly
2019-09-05$0.512019-09-062019-09-20Quarterly
2019-06-06$0.512019-06-072019-06-21Quarterly
2019-03-07$0.512019-03-082019-03-22Quarterly
2018-11-29$0.472018-11-302018-12-14Quarterly
2018-09-06$0.472018-09-072018-09-21Quarterly
2018-06-07$0.472018-06-082018-06-22Quarterly
2018-03-08$0.472018-03-092018-03-23Quarterly
2017-11-30$0.422017-12-012017-12-15Quarterly
2017-09-07$0.422017-09-082017-09-22Quarterly
2017-06-07$0.422017-06-092017-06-23Quarterly
2017-03-08$0.422017-03-102017-03-24Quarterly
2016-11-30$0.412016-12-022016-12-16Quarterly
2016-09-07$0.412016-09-092016-09-23Quarterly
2016-06-01$0.412016-06-032016-06-17Quarterly
2016-03-03$0.412016-03-072016-03-18Quarterly
2015-12-02$0.392015-12-042015-12-18Quarterly
2015-09-10$0.392015-09-142015-09-24Quarterly
2015-06-03$0.392015-06-052015-06-19Quarterly
2015-03-05$0.392015-03-092015-03-20Quarterly
2014-12-03$0.382014-12-052014-12-19Quarterly
2014-09-03$0.382014-09-052014-09-19Quarterly
2014-06-04$0.382014-06-062014-06-20Quarterly
2014-03-06$0.382014-03-102014-03-21Quarterly
2013-12-02$0.362013-12-042013-12-20Quarterly
2013-09-04$0.362013-09-062013-09-20Quarterly
2013-06-05$0.362013-06-072013-06-21Quarterly
2013-03-07$0.362013-03-112013-03-22Quarterly
2012-11-26$0.352012-11-282012-12-14Quarterly
2012-09-05$0.352012-09-072012-09-21Quarterly
2012-06-06$0.352012-06-082012-06-22Quarterly
2012-03-07$0.352012-03-092012-03-23Quarterly
2011-11-28$0.342011-11-302011-12-16Quarterly
2011-09-01$0.342011-09-062011-09-23Quarterly
2011-05-31$0.342011-06-022011-06-17Quarterly
2011-03-09$0.342011-03-112011-03-25Quarterly
2010-11-29$0.322010-12-012010-12-17Quarterly
2010-09-02$0.322010-09-072010-09-24Quarterly
2010-05-27$0.322010-06-012010-06-18Quarterly
2010-03-01$0.322010-03-032010-03-19Quarterly
2009-11-30$0.292009-12-022009-12-18Quarterly
2009-09-03$0.292009-09-082009-09-25Quarterly
2009-05-28$0.292009-06-012009-06-19Quarterly
2009-03-05$0.292009-03-092009-03-20Quarterly
2008-11-26$0.272008-12-012008-12-19Quarterly
2008-08-28$0.272008-09-022008-09-19Quarterly
2008-05-29$0.272008-06-022008-06-20Quarterly
2008-03-06$0.272008-03-102008-03-21Quarterly
2007-11-29$0.242007-12-032007-12-19Quarterly
2007-08-30$0.242007-09-042007-09-21Quarterly
2007-05-31$0.242007-06-042007-06-22Quarterly
2007-03-08$0.242007-03-122007-03-23Quarterly
2006-11-30$0.222006-12-042006-12-22Quarterly

Insider trades

DateInsiderActionSharesPriceValue
2026-09-04Carroll John A.Sell1.36K$219.90300.16K
2026-09-03Stith Kimberly G.Sell356$220.1378.37K
2026-08-28Carroll John A.Buy4.87K——
2026-08-28Carroll John A.Sell4.87K——
2026-08-07Reed David L.Buy5.36K——
2026-08-07Reed David L.Sell5.36K——
2026-06-05Carrasco RafaelBuy2.65K$126.00334.54K
2026-06-05Carrasco RafaelSell2.65K$220.47585.33K
2026-06-05Carrasco RafaelSell2.65K$126.00334.54K
2026-05-20Dalby MarcelBuy2.26K——
2026-05-20Hemmer Tara J.Buy2.54K——
2026-05-20Morris John JSell566$220.49124.80K
2026-05-15PLUMMER WILLIAM BBuy861$220.71190.03K
2026-05-15MENKE SEAN EBuy861$220.71190.03K
2026-05-15Sylvester MaryroseBuy861$220.71190.03K
2026-05-15MAZZARELLA KATHLEEN MBuy1.31K$220.71290.01K
2026-05-15HOLT VICTORIA MBuy861$220.71190.03K
2026-05-15Gluski AndresBuy861$220.71190.03K
2026-05-15Chinn Bruce E.Buy861$220.71190.03K
2026-05-15Bene ThomasBuy861$220.71190.03K
2026-05-13Dalby MarcelOther0——
2026-04-04Varkey JohnsonSell192$233.9444.92K
2026-03-09Reed David L.Sell75$245.2618.39K
2026-03-09Morris John JBuy5.48K$150.12823.23K
2026-03-09Morris John JSell4.21K$243.381.02M
2026-03-09Morris John JSell5.48K$150.12823.23K
2026-03-09Varkey JohnsonSell121$245.2729.68K
2026-03-09Carroll John A.Sell47$245.3011.53K
2026-03-09DeSantis Christopher P.Sell61$245.5014.98K
2026-03-07Reed David L.Sell121$246.3129.80K
2026-03-07Varkey JohnsonSell193$246.3147.54K
2026-03-07Carroll John A.Sell74$246.3118.23K
2026-03-07DeSantis Christopher P.Sell107$246.3126.36K
2026-03-06Morris John JSell7.98K$245.071.96M
2026-03-03Stith Kimberly G.Buy6.40K$241.551.55M
2026-03-03Watson Michael J.Buy6.80K$241.551.64M
2026-03-03Varkey JohnsonBuy6.40K$241.551.55M
2026-03-03Boettcher Charles CBuy7.80K$241.551.89M
2026-03-03Carrasco RafaelBuy8.40K$241.552.03M
2026-03-03Hemmer Tara J.Buy8.40K$241.552.03M
2026-03-03Smith Donald JBuy10.01K$241.552.42M
2026-03-03DeSantis Christopher P.Buy10.01K$241.552.42M
2026-03-03Reed David L.Buy10.81K$241.552.61M
2026-03-03Morris John JBuy19.01K$241.554.59M
2026-03-03Fish James C JrBuy57.03K$241.5513.78M
2026-03-03Carroll John A.Buy892——
2026-03-03Varkey JohnsonSell617$244.13150.63K
2026-03-02Reed David L.Sell21$242.655.10K
2026-03-02Stith Kimberly G.Sell21$243.135.11K
2026-03-02Watson Michael J.Buy12.64K$126.001.59M
2026-03-02Watson Michael J.Sell4.61K$241.831.11M
2026-03-02Watson Michael J.Sell12.64K$241.813.06M
2026-03-02Watson Michael J.Sell12.64K$126.001.59M
2026-03-02Hemmer Tara J.Sell4.82K$241.831.17M
2026-03-01Reed David L.Sell31$238.217.38K
2026-03-01Stith Kimberly G.Sell31$238.217.38K
2026-02-26Reed David L.Sell37$229.678.50K
2026-02-26Carroll John A.Sell37$229.478.49K
2026-02-25Reed David L.Sell60$228.4813.71K
2026-02-25Carroll John A.Sell60$228.4813.71K
2026-02-17Smith Donald JBuy2.38K$110.81263.40K
2026-02-17Smith Donald JBuy2.46K$126.00310.60K
2026-02-17Smith Donald JSell4.84K$233.481.13M
2026-02-17Smith Donald JSell7.35K$233.481.72M
2026-02-17Smith Donald JSell2.46K$126.00310.60K
2026-02-17Smith Donald JSell2.38K$110.81263.40K
2026-02-13Carrasco RafaelSell7.35K$234.501.72M
2026-02-11Carroll John A.Sell1.02K$234.71239.63K
2026-02-10Fish James C JrSell5.71K$230.871.32M
2026-02-09Fish James C JrSell30.39K$230.367.00M
2026-02-06Fish James C JrSell657$230.00151.11K
2026-01-30DeSantis Christopher P.Sell215$218.8547.05K
2026-01-30Hemmer Tara J.Sell690$219.71151.60K
2026-01-30Watson Michael J.Sell687$219.79151.00K
2026-01-30Smith Donald JSell690$219.59151.51K
2026-01-30Stith Kimberly G.Sell157$219.6534.49K
2026-01-30Morris John JSell690$219.49151.44K
2026-01-30Carrasco RafaelSell690$219.01151.11K
2026-01-30Boettcher Charles CSell689$219.32151.11K
2026-01-30Reed David L.Sell270$218.6259.03K
2026-01-30Carroll John A.Sell220$219.5748.31K
2026-01-30Varkey JohnsonSell428$219.6394.00K
2026-01-29DeSantis Christopher P.Buy1.37K$226.41310.86K
2026-01-29DeSantis Christopher P.Sell430$226.4197.36K
2026-01-29Hemmer Tara J.Buy10.99K$226.412.49M
2026-01-29Hemmer Tara J.Sell3.69K$226.41834.32K
2026-01-29Watson Michael J.Buy8.67K$226.411.96M
2026-01-29Watson Michael J.Sell3.37K$226.41763.45K
2026-01-29Smith Donald JBuy12.21K$226.412.76M
2026-01-29Smith Donald JSell4.17K$226.41943.22K
2026-01-29Stith Kimberly G.Buy1.01K$226.41227.77K
2026-01-29Stith Kimberly G.Sell272$226.4161.58K
2026-01-29Fish James C JrBuy59.52K$226.4113.48M
2026-01-29Fish James C JrSell22.76K$226.415.15M
2026-01-29Morris John JBuy16.48K$226.413.73M
2026-01-29Morris John JSell5.84K$226.411.32M
2026-01-29Carrasco RafaelBuy12.21K$226.412.76M
2026-01-29Carrasco RafaelSell4.17K$226.41943.22K
2026-01-29Boettcher Charles CBuy10.38K$226.412.35M
2026-01-29Boettcher Charles CSell4.11K$226.41929.87K

Institutional holders

Latest filed quarter: Q2 2026.

Institutions holding: 2.44K, holders +7 vs prior quarter. Ownership 83.03%.

HolderSharesChangeChange %Value
BLACKROCK, INC.30.73M535.08K+1.77%6.85B
GATES FOUNDATION TRUST26.72M-921.60K-3.33%5.96B
VANGUARD CAPITAL MANAGEMENT LLC25.18M10.20K+0.04%5.61B
STATE STREET CORP18.01M507.21K+2.90%4.01B
CAPITAL RESEARCH GLOBAL INVESTORS10.44M1.71M+19.54%2.33B
VANGUARD PORTFOLIO MANAGEMENT LLC10.12M-115.24K-1.13%2.26B
GEODE CAPITAL MANAGEMENT, LLC9.07M-122.54K-1.33%2.01B
AMERIPRISE FINANCIAL INC7.09M-341.29K-4.60%1.58B
MORGAN STANLEY6.58M-492.26K-6.96%1.47B
PARNASSUS INVESTMENTS, LLC4.79M-189.57K-3.81%1.07B
NORGES BANK4.77M4.77MNew1.06B
ROYAL BANK OF CANADA4.74M335.94K+7.63%1.06B
WELLS FARGO & COMPANY/MN4.34M73.37K+1.72%966.20M
NORTHERN TRUST CORP3.76M-149.54K-3.83%837.89M
GOLDMAN SACHS GROUP INC3.60M-48.30K-1.32%801.99M
BANK OF AMERICA CORP /DE/3.12M-225.46K-6.73%696.37M
UBS AM, A DISTINCT BUSINESS UNIT OF UBS ASSET MANAGEMENT AMERICAS LLC3.12M35.32K+1.14%695.70M
NORDEA INVESTMENT MANAGEMENT AB2.96M-510.75K-14.73%657.20M
AMUNDI2.88M-105.33K-3.53%641.45M
SWEDBANK AB2.77M378.55K+15.82%617.69M
DZ BANK AG DEUTSCHE ZENTRAL GENOSSENSCHAFTS BANK, FRANKFURT AM MAIN2.75M499.41K+22.15%613.73M
LEGAL & GENERAL GROUP PLC2.68M35.48K+1.34%597.40M
CLEARBRIDGE INVESTMENTS, LLC2.43M-41.50K-1.68%542.30M
VONTOBEL HOLDING LTD.2.38M-550.68K-18.82%529.55M
DIMENSIONAL FUND ADVISORS LP2.37M45.99K+1.98%527.57M

Insights

Revenue by product
PeriodValue
FY2010All Other Segments: 314000000.0, Collection: 8247000000.0, Landfill Line Of Business: 2540000000.0, Recycling: 1169000000.0, Transfer: 1318000000.0
FY2011Collection: 8406000000.0, Landfill Line Of Business: 2611000000.0, Recycling: 1580000000.0, Transfer: 1280000000.0
FY2012Operating Group: 16008000000.0
FY2013Operating Group: 16507000000.0
FY2014Operating Group: 16457000000.0
FY2015All Other Segments: 2065000000.0, Operating Group: 15350000000.0
FY2016All Other Segments: 2278000000.0, Operating Group: 16246000000.0
FY2017All Other Segments: 1713000000.0, Collection: 9264000000.0, Commercial: 3714000000.0, Industrial: 2583000000.0, Landfill Line Of Business: 3370000000.0, Other Collection: 439000000.0, Recycling: 1432000000.0, Residential: 2528000000.0, Transfer: 1591000000.0
FY2018All Other Segments: 1736000000.0, Collection: 9724000000.0, Commercial: 3972000000.0, Industrial: 2773000000.0, Landfill Line Of Business: 3560000000.0, Other Collection: 450000000.0, Recycling: 1293000000.0, Residential: 2529000000.0, Transfer: 1711000000.0
FY2019All Other Segments: 1758000000.0, Collection: 10240000000.0, Commercial: 4229000000.0, Industrial: 2916000000.0, Landfill Line Of Business: 3846000000.0, Other Collection: 482000000.0, Recycling: 1040000000.0, Residential: 2613000000.0, Transfer: 1820000000.0
FY2020All Other Segments: 1776000000.0, Collection: 10053000000.0, Commercial: 4102000000.0, Industrial: 2770000000.0, Landfill Line Of Business: 3667000000.0, Other Collection: 465000000.0, Recycling: 1127000000.0, Residential: 2716000000.0, Transfer: 1855000000.0
FY2021Commercial: 4760000000.0, Industrial: 3210000000.0, Landfill: 4153000000.0, Other Collection: 533000000.0, Recycling Processing and Sales: 1681000000.0, Residential: 3172000000.0, Transfer: 2072000000.0
FY2022Commercial: 5450000000.0, Industrial: 3681000000.0, Landfill: 4600000000.0, Other Collection: 699000000.0, Recycling Processing and Sales: 1701000000.0, Residential: 3339000000.0, Transfer: 2143000000.0
FY2023Commercial: 5109000000.0, Industrial: 3083000000.0, Landfill: 3252000000.0, Other Collection: 2786000000.0, Recycling Processing and Sales: 1264000000.0, Residential: 3378000000.0, Transfer: 1257000000.0, WM Renewable Energy: 273000000.0
FY2024Commercial: 5371000000.0, Healthcare Solutions: 403000000.0, Industrial: 3089000000.0, Landfill: 3445000000.0, Other Collection: 2964000000.0, Recycling Processing and Sales: 1603000000.0, Residential: 3466000000.0, Transfer: 1381000000.0, WM Renewable Energy: 318000000.0
FY2025Commercial: 5630000000.0, Corporate and Other: 22000000.0, Healthcare Solutions: 2508000000.0, Industrial: 3106000000.0, Landfill: 3781000000.0, Other Collection: 3175000000.0, Recycling Processing and Sales: 1492000000.0, Renewable Energy: 478000000.0, Residential: 3510000000.0, Transfer: 1502000000.0
Revenue by region
PeriodValue
FY2010Eastern: 2943000000.0, Midwest: 3048000000.0, Southern: 3461000000.0, Western: 3173000000.0
FY2013C [A]: 929000000.0, U [S]: 13054000000.0
FY2014C [A]: 932000000.0, U [S]: 13064000000.0
FY2015C [A]: 765000000.0, U [S]: 12196000000.0
FY2016C [A]: 694000000.0, U [S]: 12915000000.0
FY2017C [A]: 717000000.0, U [S]: 13768000000.0
FY2018C [A]: 747000000.0, U [S]: 14167000000.0
FY2019C [A]: 754000000.0, U [S]: 14701000000.0
FY2020C [A]: 713000000.0, U [S]: 14505000000.0
FY2021C [A]: 795000000.0, U [S]: 17136000000.0
FY2022C [A]: 838000000.0, U [S]: 18860000000.0
FY2023C [A]: 813000000.0, U [S]: 19595000000.0
FY2024C [A]: 852000000.0, U [S]: 21107000000.0
FY2025C [A]: 967000000.0

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Waste Management (WM) Stock Insights

WM$225.15-10.66 -4.52%

$90.00B

Market Cap

33.99

P/E

27.77

Forward P/E

40

Score

Price History