15 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Overview →
| FY | Revenue | Net income | Gross M | Op M | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|
| 2025 | $25.2B | $2.7B | 40.4% | 17.1% | $2.8B | — | $201M |
| 2024 | $22.1B | $2.7B | 39.3% | 18.4% | $2.2B | — | $414M |
| 2023 | $20.4B | $2.3B | 38.3% | 17.5% | $1.8B | — | $458M |
| 2022 | $19.7B | $2.2B | 37.6% | 17.1% | $1.9B | — | $351M |
| 2021 | $17.9B | $1.8B | 38.0% | 16.5% | $2.4B | — | $118M |
| 2020 | $15.2B | $1.5B | 38.6% | 16.0% | $1.8B | — | $553M |
| 2019 | $15.5B | $1.7B | 38.6% | 17.5% | $2.1B | — | $3.6B |
| 2018 | $14.9B | $1.9B | 38.0% | 18.7% | $1.9B | — | $61M |
| 2017 | $14.5B | $1.9B | 37.7% | 18.2% | $1.7B | — | $22M |
| 2016 | $13.6B | $1.2B | 37.6% | 16.9% | $1.7B | — | $32M |
| 2015 | — | $753M | — | — | $1.3B | — | $39M |
| 2014 | — | $1.3B | — | — | — | — | $1.3B |
| 2013 | — | $98M | — | — | $1.2B | — | $58M |
| 2012 | — | $817M | — | — | $785M | — | $194M |
| 2011 | — | $961M | — | — | $1.1B | — | $258M |
| Quarter | Revenue | Net income | Gross M | Op M | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|
| Mar '26 | $6.2B | $723M | 40.7% | 17.9% | $851M | — | $158M |
| Dec '25 | $6.3B | $742M | 41.5% | 18.3% | $810M | — | $201M |
| Sep '25 | $6.4B | $603M | 40.5% | 15.3% | $816M | — | $175M |
| Jun '25 | $6.4B | $726M | 40.3% | 17.9% | $813M | — | $440M |
| Mar '25 | $6.0B | $637M | 40.0% | 16.8% | $377M | — | $216M |
| Dec '24 | $5.9B | $598M | 95.9% | 15.6% | $396M | — | $414M |
| Sep '24 | $5.6B | $760M | 39.4% | 20.0% | $577M | — | $614M |
| Jun '24 | $5.4B | $680M | 39.1% | 18.7% | $487M | — | $172M |
| Mar '24 | $5.2B | $708M | 39.1% | 19.7% | $699M | — | $322M |
| Dec '23 | $5.2B | $493M | 39.7% | 15.0% | $340M | — | $458M |
| Sep '23 | $5.2B | $663M | 38.7% | 19.6% | $590M | — | $150M |
| Jun '23 | $5.1B | $615M | 37.8% | 18.4% | $510M | — | $144M |
| Mar '23 | $4.9B | $533M | 36.9% | 16.9% | $384M | — | $257M |
| Dec '22 | $4.9B | $499M | 37.3% | 15.5% | $187M | — | $351M |
| Sep '22 | $5.1B | $639M | 37.8% | 18.6% | $425M | — | $137M |
| Jun '22 | $5.0B | $587M | 37.5% | 17.7% | $497M | — | $894M |
| Mar '22 | $4.7B | $513M | 37.7% | 16.5% | $840M | — | $155M |
| Dec '21 | $4.7B | $506M | 36.8% | 15.3% | $217M | — | $118M |
| Sep '21 | $4.7B | $538M | 37.7% | 17.3% | $720M | — | $116M |
| Jun '21 | $4.5B | $351M | 38.9% | 17.7% | $647M | — | $148M |
How the market has priced WM against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.
Over the past 5 years, Waste Management's revenue has grown 10.6% per year, and net income grown 12.6% per year. These are computed facts, not advice.
As of FY2025, Waste Management reported — of total debt against $201M of cash.
In FY2025, gross margin was 40.4%, operating margin 17.1%, and net margin 10.7%.
As of Jun '26, Waste Management traded at a price-to-earnings ratio of about 33.1× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S and dividend yield have moved with the share price. These are computed facts, not advice.
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.