Is Waste Management (WM) overvalued or fairly valued?

MarketChacha shows Waste Management's valuation in context — a trailing P/E of about 31.3, a forward P/E of about 24.1, a price-to-book of about 8.9 — alongside its revenue and profit growth and whether reported profit converts into operating cash, so you can judge value for yourself. MarketChacha does not issue ratings, price targets, or buy/sell advice.

Does Waste Management's reported profit turn into cash?

Over 3 years, operating cash flow fully covered reported profit — earnings are backed by real cash. MarketChacha computes this cash-conversion check (2.08×) from reported figures — education, not a rating.

What is Waste Management's revenue?

Waste Management reported revenue of $25.2B for FY2025, with net profit of $2.7B, per official filings.

What is the share price of Waste Management (WM)?

Waste Management last traded at $220.11 (+0.2% on the day), as of 9/2/2026 — a delayed quote shown for education, not investment advice.

Waste Management

WM · NYSE · Industrials · United States

Snapshot

TickerWM

ExchangeNYSE

SectorIndustrials

IndustryWaste Management

CountryUnited States

Employees60,500

HeadquartersHouston, United States

Websitewww.wm.com

Filings tracked18

About Waste Management

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.

Who owns it

Insiders0.3%
Institutions86.0%
Public & other13.8%

3,107 institutional holders

Ownership breakdown from public market data.

Top holders

Blackrock Inc.7.69%
Gates Foundation Trust6.68%
Vanguard Capital Management LLC6.30%
State Street Corporation4.51%
Capital Research Global Investors2.61%
Vanguard Portfolio Management LLC2.53%
Geode Capital Management, LLC2.27%
Ameriprise Financial, Inc.1.77%

Largest institutional holders — last updated 6/30/2026.

Forensic scorecard

No major accounting red flags in the fundamentals we have — profit is backed by cash and returns look healthy.

Cash conversion2.08×

Over 3 years, operating cash flow fully covered reported profit — earnings are backed by real cash.

Net margin trend11.3% → 10.7%

Margin has held broadly steady over the period — stable profitability.

Return on equity27.1%

Latest ROE of 27.1% — capital is generating a healthy return.

Growth qualityrev 11% · PAT 8%

Profit growth is broadly tracking revenue growth — the earnings trend looks operational rather than one-off.

Computed by MarketChacha from reported figures (SEC XBRL). Education, not a rating or recommendation.

What's expected next

Next quarter

Rev $6.7B · EPS 2.10

Est. earnings growth +8.9%

Next fiscal year

Rev $27.8B · EPS 9.12

Est. earnings growth +12.2%

Analyst consensus estimates — not the company's own guidance.

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Financials at a glance

Source: SEC XBRL

Annual

Quarterly · last 8

Revenue (FY2025)

$25.2B

Net margin

10.7%

ROE

27.1%

Revenue CAGR (2y)

+11.1%

Profit CAGR (2y)

+8.4%

EPS (FY2025)

6.70

Net profit (FY2025)

$2.7B

Ask MarketChacha about WM

Get a cited, plain-English answer — the “why”, not just data. Finance research only, never buy/sell advice.

Financials

Yearly

Period	Revenue	Net profit	EPS	Net margin	ROE
FY2025	$25.2B	$2.7B	6.70	10.7%	27.1%
FY2024	$22.1B	$2.7B	6.81	12.4%	33.3%
FY2023	$20.4B	$2.3B	5.66	11.3%	33.4%

Quarterly

Period	Revenue	Net profit	EPS	Net margin
2026Q2	$6.7B	$785.0M	1.95	11.7%
2026Q1	$6.2B	$723.0M	1.79	11.6%
2025Q3	$6.4B	$603.0M	1.49	9.4%
2025Q2	$6.4B	$726.0M	1.80	11.3%
2025Q1	$6.0B	$637.0M	1.58	10.6%
2024Q3	$5.6B	$760.0M	1.88	13.5%
2024Q2	$5.4B	$680.0M	1.69	12.6%
2024Q1	$5.2B	$708.0M	1.75	13.7%
2023Q3	$5.2B	$663.0M	1.63	12.8%
2023Q2	$5.1B	$615.0M	1.51	12.0%
2023Q1	$4.9B	$533.0M	1.30	10.9%

Figures as reported, in reporting currency. Source: SEC XBRL.

Filings & announcements

2026

10-Q filing
SEC7/29/2026
8-K — Results of operations, Exhibits
SEC7/28/2026material
8-K — Shareholder vote results, Exhibits
SEC5/14/2026material
8-K — Executive/director change, Exhibits
SEC5/13/2026material
10-Q filing
SEC4/29/2026
8-K — Results of operations, Exhibits
SEC4/28/2026material
8-K — Material agreement, Exhibits
SEC3/25/2026material
8-K — Executive/director change, Exhibits
SEC3/13/2026material
8-K — Executive/director change, Exhibits
SEC3/6/2026material
10-K filing
SEC2/9/2026
8-K — Results of operations, Exhibits
SEC1/28/2026material

2025

8-K — Exhibits
SEC11/20/2025material
10-Q filing
SEC10/28/2025
8-K — Results of operations, Exhibits
SEC10/27/2025material
8-K — Executive/director change, Exhibits
SEC8/27/2025material
8-K — Executive/director change, Exhibits
SEC8/22/2025material
10-Q filing
SEC7/29/2025
8-K — Results of operations, Exhibits
SEC7/28/2025material

In the news

Education and discussion only — not investment advice. Financials from official filings (SEC/BSE) and reported company statements; market figures (delayed market data) are delayed and shown for reference only. Verify with the linked sources before acting.