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Earnings transcript
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WM
Waste Management, Inc.
$217.94
-3.3
(-1.49%)
| Exchange: | NYSE |
| Market Cap: | 87.114B |
| Shares Outstanding: | 1.667M |
Delayed data
About The Company
| Sector: | Industrials | |||||
| Industry: | Waste Management | |||||
| CEO: | James C. Fish Jr. | |||||
| Full Time Employees: | 60500 | |||||
| Address: |
| |||||
| Website: | https://www.wm.com |
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 designated transfer stations, material recovery facilities (MRFs), or final disposal sites. Waste Management maintains an extensive network of facilities, owning, developing, and operating landfill gas-to-energy plants within the United States, in addition to managing numerous transfer stations. As of December 31, 2021, its substantial infrastructure consisted of 255 solid waste landfills, 5 secure hazardous waste landfills, 96 material recovery facilities, and 340 transfer stations. Beyond primary collection and disposal, WM offers services in materials processing and commodities recycling. This extends to recycling brokerage, where they handle the marketing of recyclable goods for third-party entities, alongside providing various other strategic business solutions. Its service portfolio also encompasses construction and remediation projects, the responsible management of fly ash and other residues generated from coal and fuel combustion, and specialized in-plant services offering full-spectrum waste management consulting. Furthermore, the company delivers tailored disposal solutions for oil and gas exploration and production activities. Originally incorporated in 1987 as USA Waste Services, Inc., the company rebranded to Waste Management, Inc. in 1998. Its corporate headquarters are situated in Houston, Texas.
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Revenue Segmentation
EPS
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Earnings Call
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Key takeaways
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Login — it's freeIncome Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Revenue | 20,426,000 | 22,063,000 | 25,204,000 |
| Gross Profit | 5,749,000 | 6,413,000 | 7,329,000 |
| EBITDA | 5,722,000 | 6,456,000 | 7,201,000 |
| Operating Income | 3,823,000 | 4,149,000 | 4,607,000 |
| Net Income | 2,304,000 | 2,746,000 | 2,708,000 |
(* All numbers are in thousands)
Balance Sheet
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Total Assets | 32,823,000 | 44,567,000 | 45,835,000 |
| Total Liabilities | 25,927,000 | 36,313,000 | 35,844,000 |
| Total Stockholders Equity | 6,903,000 | 8,252,000 | 9,990,000 |
| Total Debt | 16,229,000 | 23,900,000 | 22,907,000 |
| Cash and Cash Equivalents | 458,000 | 414,000 | 201,000 |
(* All numbers are in thousands)
Cash Flow Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating Cash Flow | 4,719,000 | 5,390,000 | 6,043,000 |
| Capital Expenditure | -2,895,000 | -3,231,000 | -3,227,000 |
| Free Cash Flow | 1,824,000 | 2,159,000 | 2,816,000 |
| Net Income | 2,276,000 | 2,745,000 | 2,709,000 |
| Net Change in Cash | 107,000 | -65,000 | -190,000 |
(* All numbers are in thousands)
Analyst Estimates
| Fiscal Year | 2030 | Research Access | Research Access | Research Access | Research Access |
|---|---|---|---|---|---|
| Estimated Revenue (Low) | 31,895,277.110 | Research Access | Research Access | Research Access | Research Access |
| Estimated Revenue (High) | 32,696,475.113 | Research Access | Research Access | Research Access | Research Access |
| Estimated Revenue (Avg) | 32,270,186.371 | Research Access | Research Access | Research Access | Research Access |
| Estimated Ebitda (Low) | 8,955,966.940 | Research Access | Research Access | Research Access | Research Access |
| Estimated Ebitda (High) | 9,180,937.640 | Research Access | Research Access | Research Access | Research Access |
| Estimated Ebitda (Avg) | 9,061,238.794 | Research Access | Research Access | Research Access | Research Access |
| Estimated Net Income (Low) | 4,655,227.999 | Research Access | Research Access | Research Access | Research Access |
| Estimated Net Income (High) | 4,807,785.205 | Research Access | Research Access | Research Access | Research Access |
| Estimated Net Income (Avg) | 4,726,613.761 | Research Access | Research Access | Research Access | Research Access |
| Estimated SGA Expense (Low) | 3,214,363.444 | Research Access | Research Access | Research Access | Research Access |
| Estimated SGA Expense (High) | 3,295,107.109 | Research Access | Research Access | Research Access | Research Access |
| Estimated SGA Expense (Avg) | 3,252,146.299 | Research Access | Research Access | Research Access | Research Access |
| Estimated EPS (Avg) | 11.690 | Research Access | Research Access | Research Access | Research Access |
| Estimated EPS (High) | 11.890 | Research Access | Research Access | Research Access | Research Access |
| Estimated EPS (Low) | 11.520 | Research Access | Research Access | Research Access | Research Access |
| Number of Analysts (Estimated Revenue) | 8 | Research Access | Research Access | Research Access | Research Access |
| Number of Analysts (Estimated EPS) | 4 | Research Access | Research Access | Research Access | Research Access |
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Current Key Metrics
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Login — it's freeForward P/E Ratios
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Login — it's freeSWOT Analysis
Strengths (preview)
- Strong Revenue and Profitability: Apple reported a record quarterlyrevenue of $94 million in the latest quarter (as per source data), showcasing its ability to generate significant top-line growth, supported by a broad product and serviceportfolio.
- Robust Balance Sheet: High levels of cash and cash equivalents, as noted in the Balance Sheet data, provide Apple with a strong financial buffer for R&D, acquisitions, and shareholder returns.
- Solid Earnings Metrics: Positive net income, free cash flow, and operating income (from Income and Cash Statements) indicate sustained profitability and efficient capital management compared to industry standards.
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At what price to buy it? -
Intrinsic Value Calculator
Based on current fundamentals and analyst forecasts, MARKETSnap estimates WM intrinsic value between $78.75 – $151.12 per share. This depends on revenue growth, margins, and discount rate.
This is an automatic estimate. The most reliable way to know fair value for your own assumptions is to run the calculator below.
[intrinsic_calculator]
Common questions about WM valuation
Is Waste Management, Inc. (WM) overvalued or undervalued right now?
MARKETSnap estimates intrinsic value for Waste Management, Inc. (WM) using its proprietary valuation methodology, which incorporates discounted cash flow (DCF) analysis together with long-term earnings and fundamentals assumptions. By comparing intrinsic value to the current market price, long-term investors can see whether the stock screens as potentially overvalued, fairly valued, or undervalued today.
Is WM a buy, hold, or sell for long-term investors?
MARKETSnap does not give one-word “buy” or “sell” calls. Instead, it shows whether WM trades at a premium or discount to its estimated intrinsic value, how sensitive that value is to growth and margin assumptions, and how the stock fits into a diversified, long-term portfolio so investors can make their own buy, hold, or sell decision.
What is WM’s P/E ratio?
You can see WM’s trailing P/E (TTM) and forward P/E estimates in the Current Key Metrics and Forward P/E Ratios sections above. The P/E ratio compares the current share price to earnings per share and helps investors gauge valuation relative to earnings.
How is intrinsic value calculated for WM?
MARKETSnap uses its own valuation framework—not a generic spreadsheet DCF alone. Future cash flows and earnings are projected, discounted, and combined with MARKETSnap’s methodology so intrinsic value reflects fundamentals and long-term assumptions. You can run your own inputs and see the result using the Intrinsic Value Calculator above.
Is WM a good long-term investment?
Whether WM fits a long-term portfolio depends on your assumptions about growth, margins, and risk. MARKETSnap provides the metrics, intrinsic value calculator, and SWOT context so you can form your own view rather than rely on a single buy/sell rating.
WM
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Daily snapshot
-1.49
Trading Metrics:
| Open: | 219.5 | Previous Close: | 221.24 | |
| Day Low: | 217.42 | Day High: | 219.63 | |
| Year Low: | 194.11 | Year High: | 248.13 | |
| Price Avg 50: | 228.17 | Price Avg 200: | 224.69 | |
| Volume: | 734871 | Average Volume: | 2.116M |
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Login — it's freeWM full analysis
Welcome to MARKETSNAP’s SWOT analysis for Waste Management, or WM as you might know it on the ticker. If you’re looking to build wealth over the long haul, you’ve come to the right place. Today, we’re diving deep into one of the heavyweights in the waste and environmental services space. Let’s break down what makes Waste Management tick, where it’s shining, where it’s stumbling, and what could shape its future for long-term investors like us. First off, for those who…
