TICKVALE
>⌘K
NYSE · CIK 0000823768 · REFUSE SYSTEMS

WASTE MANAGEMENT INC

WM chart by TradingView
P/E 31.4xP/B 9.0xP/SALES 3.5xEV/EBITDA 12.1xFCF YIELD 3.98%

PRICE HISTORY

LIVE · NYSE
WM chart by TradingView
REVENUE FY2025 ENDED DEC 2025
$25.2B
EBITDA
$7.2B
FREE CASH FLOW
$2.8B
EPS
$6.70
GROSS MARGIN
40.44%
ROIC
25.79%
Q2 FY26ENDED JUN 2026HOVERDRAG ACROSS ANY CHART TO SCRUB ALL 24 · 40 QUARTERS SHOWNVALUATIONGROWTHPROFITABILITY & RETURNSCASH & CAPITALBALANCE SHEET

VALUATION

what you pay for a unit of the business7 CHARTS

P / E RATIO (TTM)

31.4x
+24%
LATEST · Q2 FY26
31.4xQ3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26
16.1x38.8x

P / SALES (TTM)

3.5x
+65%
LATEST · Q2 FY26
3.5xQ3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26
2.1x4.2x

P / BOOK

9.0x
+70%
LATEST · Q2 FY26
9.0xQ3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26
5.3x12.1x

EV / EBITDA (TTM)

12.1x
+46%
LATEST · Q2 FY26
12.1xQ3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26
8.3x14.7x

EV / REVENUE (TTM)

3.5x
+63%
LATEST · Q2 FY26
3.5xQ3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26
2.2x4.2x

FCF YIELD (TTM)

3.98%
-1.2pp
LATEST · Q2 FY26
3.98%Q3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26
1.82%5.24%

DIVIDEND YIELD (TTM)

1.59%
-0.9pp
LATEST · Q2 FY26
1.59%Q3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26
1.33%2.53%

GROWTH

is the business getting bigger5 CHARTS

REVENUE

$6.7B
+88%
LATEST · Q2 FY26
6.7BQ3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26

EBITDA (DERIVED)

$2.0B
+127%
LATEST · Q2 FY26
2.0BQ3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26

NET INCOME

$0.8B
+160%
LATEST · Q2 FY26
0.8BQ3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26

EPS (DILUTED)

$1.95
+188%
LATEST · Q2 FY26
1.95Q3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26

REVENUE GROWTH YOY

3.95%
-1.6pp
LATEST · Q2 FY26
3.95%Q3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26
-9.76%25.70%

PROFITABILITY & RETURNS

what survives to the bottom, and what it earns on capital4 CHARTS

FCF MARGIN

16.40%
+4.4pp
LATEST · Q2 FY26
16.40%Q3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26
-0.71%20.67%

RETURN ON CAPITAL

27.32%
+7.8pp
LATEST · Q2 FY26
27.32%Q3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26
19.48%44.83%

RETURN ON EQUITY (TTM)

28.75%
+7.8pp
LATEST · Q2 FY26
28.75%Q3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26
20.08%36.82%

MARGIN FUNNEL

every line is a share of the same revenue, so they read on one scale — the gaps are what each layer takes out, and net rises above operating when income arrives from outside the business
GROSS MARGIN40.83%
OPERATING MARGIN18.75%
NET MARGIN11.74%
FCF MARGIN16.40%
45.0132.5420.077.60-4.87GROSSOPERNETFCFQ3 FY16Q3 FY17Q3 FY18Q3 FY19Q3 FY20Q3 FY21Q3 FY22Q3 FY23Q3 FY24Q3 FY25Q2 FY26

CASH & CAPITAL

where the money actually goes5 CHARTS

FREE CASH FLOW

$1.1B
+158%
LATEST · Q2 FY26
1.1BQ3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26

STOCK-BASED COMP

$0.0B
+188%
LATEST · Q2 FY26
0.0BQ3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26

CAPITAL EXPENDITURE

$0.6B
+89%
LATEST · Q2 FY26
0.6BQ3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26

SHARES OUTSTANDING

0.40B
-10%
LATEST · Q2 FY26
0.40BQ3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26

DIVIDEND / SHARE

$0.94
+130%
LATEST · Q2 FY26
0.94Q3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26

BALANCE SHEET

how much cushion there is3 CHARTS

CASH & EQUIVALENTS

$0.6B
+1757%
LATEST · Q2 FY26
0.6BQ3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26

TOTAL DEBT

$1.1B
+149%
LATEST · Q2 FY26
1.1BQ3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26

DEBT / EBITDA (TTM)

0.1x
+16%
LATEST · Q2 FY26
0.1xQ3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26
0.0x0.8x

OWNERSHIP

10 LARGEST HOLDERS · WHO OWNS THE FLOAT
INSTITUTIONS 85.99%INSIDERS 0.25%OTHER / RETAIL 13.76%3,072 INSTITUTIONAL FILERS
HOLDER% HELDSHARESVALUECHANGE
Blackrock Inc.7.56%30.2M$6.88B+1.6%
Gates Foundation Trust6.92%27.6M$6.29B-4.5%
Vanguard Capital Management LLC6.30%25.2M$5.73BNEW
State Street Corporation4.38%17.5M$3.98B+0.6%
Vanguard Portfolio Management LLC2.56%10.2M$2.33BNEW
Geode Capital Management, LLC2.30%9.2M$2.09B+2.2%
Capital Research Global Investors2.18%8.7M$1.99B+285.5%
Ameriprise Financial, Inc.1.86%7.4M$1.69B+11.1%
Morgan Stanley1.77%7.1M$1.61B+6.1%
Parnassus Investments, LLC1.20%4.8M$1.09B-3.8%
AS OF 2026-03-31 · MOST RECENT 13F FILINGS
SOURCE → 10-K · 10-Q · 8-K / GUIDANCE · ALL FILINGS
FILING DATA AS OF 2026-08-10. Figures are derived from public SEC EDGAR filings (40most recent quarters shown, Q4 implied as full-year minus Q1-Q3). Valuation multiples use each period’s fiscal period-end close. Live price charts and quotes are provided by TradingView. This page is informational only — it is not investment advice, and figures are not warranted for accuracy. EBITDA is not a GAAP measure; it is derived as operating income + D&A. Verify against the linked source filing before relying on any number here.