WM
Waste Management
$230.67
▲ 0.7%Updated Today 11:30 AM ET
WM at a glance — five pillars scored 0–100 from real filed financials.
Overall: Neutral · 48/100. A wider, greener shape means more pillars look healthy. Dividends scores 0 when a company pays none — that is a choice, not a flaw.
▼ Down 8.0% over the last 12 months
Market Cap
$87.78B
P/E
32.9x
Forward P/E (est.)
31.57x
ROE
28.9%
Revenue Growth
10.9%
EPS Growth
4.2%
Profit Margin
11.0%
FCF Yield
4.9%
Debt / Equity
2.29x
ROIC
34.0%
Interest Coverage
8.62x
Current Ratio
0.93x
Dividend Yield
1.7%
Implied Growth (rev. DCF)
5.6%
Rating Score
48/100
Waste Management (WM) is a large-cap company in the Environmental & Facilities Services industry, part of the Industrials sector of the S&P 500, with a market value around $87.78B.
In its latest reported year it generated about $25.20B in revenue and $2.71B in net profit.
Our model rates WM Neutral (48/100) on growth, profitability, financial health, and valuation. The summary below is built from its filed financials and current ratios and refreshes automatically.
Evidence of durable competitive advantage in the filed financials (10 years of history).
The filed history looks like a business competitors struggle to attack: high and steady margins, revenue that grows through cycles, and strong returns on capital.
17.7% average over the last 3 years
±0.8 pts around 17.4% across 10 years
grew in 8 of the last 9 year-over-year periods
positive in 10 of 10 years
34.0% latest fiscal year
A moat can't be proven by numbers alone — this scores the evidence a durable advantage leaves behind (pricing power, consistency, returns on capital), computed the same way for every stock. Pair it with the business overview before concluding anything.
Technical analysis reads price and volume to judge momentum and timing. It complements the fundamentals above — it does not replace them. Here is what WM's chart says today, with each tool explained.
Trend — moving averages. A moving average is the average closing price over a window, which smooths out daily noise. WM trades near $230.67, above its 50-day average ($220.75) and 200-day average ($221.47). Price above both averages, with the shorter one above the longer, is the textbook definition of an uptrend — momentum favours buyers.
Momentum — RSI. The Relative Strength Index runs 0–100 and measures how strong recent gains are versus losses. Above 70 is "overbought", below 30 "oversold". At 68 it is in neutral territory — neither stretched nor washed out.
MACD. MACD compares two moving averages to flag shifts in momentum. Its histogram is currently positive — short-term momentum is improving.
Volatility — ATR. Average True Range is the typical daily move. WM's is $4.42 (~1.9% of price), so swings of about that size each day are normal — handy for setting a stop that isn't too tight.
Support & resistance. Over the last month WM found buyers near $212.22 (support) and sellers near $230.65 (resistance); its 52-week range is $194.11–$248.13. A decisive break beyond either edge often marks the next move.
Volume. The latest session traded 0.8× the 20-day average — about normal. Rising volume on up-days suggests real buying; on down-days, real selling.
Educational information to help you read a chart — not a recommendation or a forecast. It updates daily as the price and indicators change.
4Y CAGR
8.9%
Revenue moved from $13.61B in 2016 to $25.20B in 2025, a 7.1% compound annual growth rate. The most recent year grew a steady 10.9% year over year. Consistent top-line growth is one sign of healthy demand.
Gross Margin
40.7%
Operating Margin
17.1%
Net Margin
10.7%
ROE
28.9%
Waste Management keeps about 11.0% of each sales dollar as net profit, with a 40.7% gross margin and 17.1% operating margin. Return on equity is 28.9% and return on invested capital about 34.0%. Margins are moderate — typical of a competitive but profitable business.
Total Debt
—
Net Debt
—
Net Debt / EBITDA
—
Debt / Equity
2.29x
Leverage: debt-to-equity is 2.3x, and operating profit covers interest about 8.6x, with a current ratio of 0.9x. That is elevated leverage, which raises risk if earnings or rates move against it.
Operating CF
$6.04B
Free Cash Flow
$2.82B
FCF Margin
11.2%
In the latest year Waste Management produced about $6.04B of operating cash flow and $2.82B of free cash flow after capital spending. That is a free-cash-flow yield of about 4.9% on today's price. Strong cash generation funds dividends, buybacks, and reinvestment.
Can the payout survive a bad year? Scored from filed cash flow, earnings coverage, and the raise/cut record.
The payout is comfortably covered by cash the business actually generates, with a raise habit behind it.
Dividend yield
1.7%
Per share (latest FY)
$3.30
Total paid (latest FY)
$1.33B
History on record
10 years
dividend uses 47% of free cash flow
49% of net income paid out
total dividends increased 9 years in a row
no cuts in the last 10 years on record
Coverage uses the latest fiscal year as filed with the SEC; the streak counts total dollars paid (per-share figures can carry split artifacts). Educational information, not income advice.
P/E
32.9x
P/S
3.46x
P/B
9.35x
EV / EBITDA
—
WM trades at 32.9x trailing earnings (about 31.6x on estimated forward earnings), 3.5x sales, and 9.3x book value. Reverse-engineering today's price implies the market expects roughly 5.6% long-term free-cash-flow growth. That is a premium multiple that needs growth to justify it.
A two-stage discounted cash flow on real SEC-filed free cash flow — the intrinsic-value anchor professional analysts triangulate from.
DCF fair value / share
$176.85
Current price
$230.67
Starting FCF (latest 10-K)
$2.82B
Growth, years 1–5
10.9%
Fade to terminal, years 6–10
2.5%
Discount rate
9.0%
Cash flows grow at the stage-1 rate (trailing revenue growth, capped at 20%) for five years, fade to 2.5% by year 10, and continue at that rate forever (Gordon terminal value), all discounted at 9.0%. Small changes in assumptions move the result a lot — treat this as one reference point, not a target price. Educational only, not investment advice.
Where WM sits versus its Industrials sector peers in the S&P 500.
Bands show the middle half (25th–75th percentile) of the 144 Industrials companies in the S&P 500 — the peer-relative anchor professional comps analysis uses. Context only — not investment advice.
How WM stacks up against its Industrials peers — valuation, profitability, and growth versus the sector median.
In the Industrials sector (273 S&P 500 companies), WM ranks #84 of 273 by our overall rating. It trades at roughly in line versus the sector on earnings (32.9x P/E vs. 32x median) with a higher return on equity (28.9% vs. 18.1%) and faster revenue growth (10.9% vs. 6.0%).
P/E vs sector
32.9x
median 32x
ROE vs sector
28.9%
median 18.1%
Growth vs sector
10.9%
median 6.0%
Sector rank
#84
of 273 by rating
Valuation vs. quality map
The sweet spot is upper-left: more profitable (higher ROE) for a lower P/E. Dashed lines mark the sector median.
Peers are the closest Industrials companies by sub-industry and size. Sector median is across all 273 S&P 500 names in the sector. Educational, not a recommendation.
Project revenue → earnings → price. Edit the assumptions to build your own case.
2030 price target (Base Case)
$0.00 – $0.00
vs. $230.67 today · expected CAGR 1% – 12%
| Metric | 2026 | 2027 | 2028 | 2029 | 2030 |
|---|---|---|---|---|---|
| Revenue | $27.98B | $31.05B | $34.47B | $38.26B | $42.47B |
| Net income | $3.08B | $3.42B | $3.79B | $4.21B | $4.67B |
| EPS | $8.09 | $8.98 | $9.96 | $11.06 | $12.28 |
| Share price (low) | $161.74 | $179.53 | $199.28 | $221.20 | $245.53 |
| Share price (high) | $266.87 | $296.22 | $328.80 | $364.97 | $405.12 |
| CAGR (low–high) | -30% / 16% | -12% / 13% | -5% / 13% | -1% / 12% | 1% / 12% |
Educational model on sample fundamentals — not a forecast or investment advice. Outputs are only as good as your assumptions.
The case for WM:
- Revenue is growing 10.9% a year, a sign of real demand.
- Strong return on equity (28.9%) shows capital is put to work well.
- Healthy free-cash-flow yield (~4.9%) funds buybacks and dividends.
The case against WM:
- Elevated leverage (debt/equity 2.3x) adds financial risk.
- Like any single stock, it is exposed to competition, the economic cycle, and shifts in its end markets.
Valuation risk — at 32.9x earnings, disappointing results could compress the multiple.
Balance-sheet risk — debt/equity of 2.3x magnifies the impact of higher rates or weaker earnings.
Market risk — sector rotation, the economic cycle, and broad sentiment move the stock regardless of fundamentals.
On balance, the picture is mixed: Waste Management is a large-cap industrials business still growing nicely, with modest profitability, and a heavier debt load to watch. It trades at 32.9x earnings, which our model scores Neutral (48/100). Weigh this against your own goals and time horizon — this is educational information, not a recommendation.
Analyst Ratings
What 39 Wall Street analysts covering WM recommend (August 2026). Consensus is a useful sanity check — not a substitute for your own homework.
Latest SEC Filings
WM's most recent filings, straight from SEC EDGAR. Annual and quarterly reports are the deep dives; 8-Ks flag material events the moment they happen.
In the Idea Lab
WM — frequently asked questions
Is WM a good stock to buy?
We don't give buy or sell advice. Our model rates Waste Management Neutral (48/100) based on its growth, profitability, financial health, and valuation — use that as a research starting point and make your own decision.
What is WM's rating on The Stocks School?
Waste Management currently scores 48/100 (Neutral) on our transparent model, which weighs real fundamentals: growth, margins, returns on capital, balance-sheet strength, and valuation.
How our ratings work →Where does WM's data come from?
Live price data plus real fundamentals and 5-year financials pulled directly from Waste Management's SEC filings — refreshed automatically, not hand-entered.
How is the 5-year projection for WM calculated?
It's a scenario model: it grows revenue at an assumed rate, applies a profit margin and a valuation multiple, and shows the resulting share-price range. The assumptions are yours to change — it's a tool for thinking, not a prediction.
Is this WM analysis financial advice?
No. Everything on this page is educational research, not financial advice or a recommendation to buy or sell WM. Always do your own research and consider a licensed professional.
Data notice. Fundamentals and financial statements are sourced from company filings (SEC EDGAR) and market-data providers; prices and market caps refresh on trading days and may be delayed. Ratings, projections, technical signals, and written summaries are model- or rule-generated for education and may simplify or lag the latest filings.
Not advice. Nothing on this page is investment advice or a recommendation to buy, hold, or sell any security. Do your own research and consult a licensed financial professional before investing.