WM, previously known as Waste Management, ranks as the largest integrated provider of traditional solid waste services in the United States, operating 257 active landfill sites and about 342 transfer stations that help with transporting waste efficiently and economically.
It is a $83.9B industrial company. Revenue grew 7.2% over the last year, it keeps 11¢ of every dollar of sales as profit, and its net debt equals ~6.4 years of free cash flow. It trades at 29.5× earnings — near the lowest of its own history.
- Website
- wm.com
- Location
- Houston, TX
- Employees
- 60 500
- Sector
- Industrials
- Founded
- 1968
Skills
Six independent scores, 0–100, built from reported numbers and valuation history. Click a row to see how it was scored.
Strong valuation, profitability and quality; Health lags behind.
Valuation77
- P/E vs own history1th pct · 25/25
- FCF yield4.3% · 12/25
- P/S3.3x · 20/25
- EV/EBITDA14.3x · 20/25
Growth72
- Revenue CAGR8.9% · 12/25
- Net income CAGR10.5% · 20/25
- EPS CAGR ~5Y11.3% · 20/25
- Fwd implied growth25.2% · 20/25
Profitability77
- ROIC8.3% · 12/25
- ROE28.9% · 25/25
- Net margin11.1% · 20/25
- Operating margin17.6% · 20/25
Health21
- Altman Zn/a · 0/25
- Current ratio0.91 · 6/25
- Interest coverage4.8x · 10/25
- Net cash / debtD/A 50% · 5/25
Quality100
- Piotroski F8/9 · 25/25
- Beneish M-2.80 · 25/25
- FCF conversion125% · 25/25
- Margin stabilityσ 1.0% · 25/25
Moat69
- ROIC >12% years6/10 yrs · 13/25
- Median gross margin38.2% · 13/25
- FCF-positive years10/10 yrs · 25/25
- Worst-year net marginworst 8.7% · 18/25
Experience
The company's career so far — founding, the IPO, landmark products and acquisitions, plus revenue milestones and insider buying.
- FY2024FinancialBest year on record$2.75B net income
- 2024AcquisitionWM announced a $7.2 billion deal to acquire Stericycle, an Illinois-based medical waste and paper…
- FY2016FinancialProfitable every year on record10 consecutive profitable years in our data
- FY2016FinancialRevenue already above $10B$13.6B in first reported year
- FY2016FinancialPositive free cash flow every year since10-year streak
- Jul 14, 2008AcquisitionWaste Management made a $34 per share all-cash bid to acquire Republic Services, Inc., later…
- 1998AcquisitionWaste Management merged with USA Waste Services, Inc
- 1968FoundedFounded in 1968, the company is headquartered in the Bank of America Tower in Houston, Texas
Achievements
Verifiable track record, straight from the reported numbers.
Strengths & watch-outs
What a bull and a bear would each point to. Both lists come from the reported numbers, not opinions.
Strengths
- High gross margin (40.9%)
- Piotroski F-Score 8/9 — fundamentally strong checklist
Watch-outs
- Net debt equals ~6.4 years of free cash flow
Qualifications
The basics a company should meet before you research it further. Each check uses the reported numbers.
- Revenue growing — the company sells more than a year ago+7.2% YoY
- Profitable — makes more than it spends$2.85B TTM
- Profit growing — earnings are higher than last year+7.5% YoY
- Generates cash — cash left after running and investing$3.57B TTM
- Debt under control — could handle its obligations~6.4y of cash flow to repay
- Established company — not a micro-cap — lower blow-up risk$83.9B market cap
- Not printing shares — share count not ballooning — you keep your slice+6.2% shares over ~5y
- Proven track record — years of profitability behind it10/10 profitable years
- Financially stable — balance sheet not near distresshealth score 16/100
- Pays a dividend — returns cash to shareholdersyield 1.70%
- Valuation not extreme — price not wildly above earningsP/E 29.5
Peer comparisonWaste Management, Inc. vs 6 largest industrials peers — cap, P/E, growth and margin side by sideOpen ▾Close ▴
| Company | Market cap | P/E | Revenue growth | Net margin | Profile |
|---|---|---|---|---|---|
| WM this company | $83.9B | 29.5 | +7.2% | 11.1% | Strained |
| LRCX Lam Research Corp | $399.2B | 54.9 | +26.0% | 31.3% | Strong |
| CAT Caterpillar Inc. | $368.0B | 33.9 | +18.4% | 14.5% | Solid |
| RTX RTX Corporation | $251.3B | 32.4 | +11.8% | 8.3% | Strained |
| DE Deere & Company | $167.7B | 34.4 | +8.3% | 10.2% | Solid |
| ETN Eaton Corporation, plc | $167.2B | 43.6 | +15.5% | 12.8% | Mixed |
| UNP Union Pacific Corp. | $166.8B | 22.6 | +4.2% | 28.8% | Strained |
Head-to-head: WM vs LRCX · WM vs CAT · WM vs RTX
References
What covering analysts publish about the company — information only, not a recommendation.
Appendix · Financial records
The full statements behind this CV, FY2016–FY2025. For readers who want to check the numbers.
Live data and quarterly detail: stockcv.com/WM
Want the live picture — intraday moves, valuation history and full analysis?
Deeper analysis of WM on PreMarketPriceFigures are derived from company filings (quarterly values normalised from as-filed year-to-date data where applicable) and may be delayed, restated or incomplete. This page is information, not investment advice. Latest price $209.82 · market cap $83.9B.