# Waste Management, Inc. (WM) — Stock CV

Waste Management, Inc. 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.

> 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.

## Identity

- **Ticker**: WM
- **Sector**: Industrials
- **Industry**: Waste Management
- **Headquarters**: HOUSTON, TX
- **Employees**: 60 500
- **Website**: https://www.wm.com
- **Market cap**: $83.9B
- **Last price**: $209.82
- **Financial profile**: Strained

## Vitals (TTM)

- **Revenue**: $25.7B
- **Net income**: $2.85B
- **Free cash flow**: $3.57B
- **Net debt**: $22.7B
- **P/E**: 29.5
- **Revenue growth (YoY)**: 7.2%

## Skills (profile scores, 0–100)

| Pillar | Score |
|---|---|
| Valuation | 77 |
| Growth | 72 |
| Profitability | 77 |
| Health | 21 |
| Quality | 100 |
| Moat | 69 |

## Qualifications (beginner checklist) — 9 of 11 passed

- [x] Revenue growing — +7.2% YoY
- [x] Profitable — $2.85B TTM
- [x] Profit growing — +7.5% YoY
- [x] Generates cash — $3.57B TTM
- [ ] Debt under control — ~6.4y of cash flow to repay
- [x] Established company — $83.9B market cap
- [x] Not printing shares — +6.2% shares over ~5y
- [x] Proven track record — 10/10 profitable years
- [ ] Financially stable — health score 16/100
- [x] Pays a dividend — yield 1.70%
- [x] Valuation not extreme — P/E 29.5

## Experience (career milestones)

- **FY2024** — Best year on record: $2.75B net income
- **2024** — WM announced a $7.2 billion deal to acquire Stericycle, an Illinois-based medical waste and paper…
- **FY2016** — Profitable every year on record: 10 consecutive profitable years in our data
- **FY2016** — Revenue already above $10B: $13.6B in first reported year
- **FY2016** — Positive free cash flow every year since: 10-year streak
- **Jul 14, 2008** — Waste Management made a $34 per share all-cash bid to acquire Republic Services, Inc., later…
- **1998** — Waste Management merged with USA Waste Services, Inc
- **1968** — Founded in 1968, the company is headquartered in the Bank of America Tower in Houston, Texas

## 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

## Track record

| Year | Revenue | Net income | Free cash flow |
|---|---|---|---|
| FY2021 | $17.9B | $1.82B | $2.43B |
| FY2022 | $19.7B | $2.24B | $1.95B |
| FY2023 | $20.4B | $2.30B | $1.82B |
| FY2024 | $22.1B | $2.75B | $2.16B |
| FY2025 | $25.2B | $2.71B | $2.82B |

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Source: https://stockcv.com/WM — derived from company filings; may be delayed or incomplete. Information, not investment advice.