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Earnings transcript
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WM
Waste Management, Inc.
$235.42
4.42
(1.91%)
| Exchange: | NYSE |
| Market Cap: | 94.953B |
| Shares Outstanding: | 1.667M |
About The Company
| Sector: | Industrials | |||||
| Industry: | Waste Management | |||||
| CEO: | James C. Fish Jr. | |||||
| Full Time Employees: | 61700 | |||||
| Address: |
| |||||
| Website: | https://www.wm.com |
Waste Management, Inc., through its subsidiaries, provides waste management environmental services to residential, commercial, industrial, and municipal customers in North America. It offers collection services, including picking up and transporting waste and recyclable materials from where it was generated to a transfer station, material recovery facility (MRF), or disposal site; and owns, develops, and operates landfill gas-to-energy facilities in the United States, as well as owns and operates transfer stations. As of December 31, 2021, the company owned or operated 255 solid waste landfills; 5 secure hazardous waste landfills; 96 MRFs; and 340 transfer stations. It also provides materials processing and commodities recycling services; recycling brokerage services, such as managing the marketing of recyclable materials for third parties; and other strategic business solutions. In addition, the company offers construction and remediation services; services related with the disposal of fly ash, and residue generated from the combustion of coal and other fuel stocks; in-plant services comprising full-service waste management solutions and consulting services; and specialized disposal services for oil and gas exploration and production operations. The company was formerly known as USA Waste Services, Inc. and changed its name to Waste Management, Inc. in 1998. Waste Management, Inc. was incorporated in 1987 and is headquartered 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 | Full Access | Full Access | Full Access | Full Access |
|---|---|---|---|---|---|
| Estimated Revenue (Low) | 31,553,231.663 | Full Access | Full Access | Full Access | Full Access |
| Estimated Revenue (High) | 32,429,138.677 | Full Access | Full Access | Full Access | Full Access |
| Estimated Revenue (Avg) | 32,058,860.319 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (Low) | 8,859,923.011 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (High) | 9,105,871.470 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (Avg) | 9,001,899.941 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (Low) | 4,833,904.609 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (High) | 5,009,194.024 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (Avg) | 4,935,092.038 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (Low) | 3,179,892.561 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (High) | 3,268,165.300 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (Avg) | 3,230,849.142 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (Avg) | 12.210 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (High) | 12.390 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (Low) | 11.960 | Full Access | Full Access | Full Access | Full Access |
| Number of Analysts (Estimated Revenue) | 7 | Full Access | Full Access | Full Access | Full Access |
| Number of Analysts (Estimated EPS) | 5 | Full Access | Full Access | Full Access | Full 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.
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
1.91
Trading Metrics:
| Open: | 232.47 | Previous Close: | 231 | |
| Day Low: | 231.76 | Day High: | 236.12 | |
| Year Low: | 194.11 | Year High: | 248.13 | |
| Price Avg 50: | 232.57 | Price Avg 200: | 223.09 | |
| Volume: | 1.076M | Average Volume: | 2.279M |
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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…
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