Companies · WM
Waste Management
AI-generated · informational only · not investment advice · verify before relying.
Latest analysis
Updated Oct 28, 2026
WM delivers 5.8% EBITDA growth in Q3 2026 with pricing discipline offsetting fuel headwinds and sustainability businesses accelerating
Waste Management posted Q3 2026 operating EBITDA growth of 5.8% and revenue growth of 6.3%, powered by 5.8% core price in collection and disposal even as diesel hit record highs near $6.37 per gallon. The sustainability segment inflected sharply — Recycling Processing & Sales EBITDA rose 40% and Renewable Energy EBITDA grew more than 35% — while Health Care Solutions delivered 33% EBITDA growth and hit its year-end SG&A and core price targets a full quarter early. Free cash flow surpassed $3 billion through nine months, up more than 42% year over year, as capital spending declined more than 17% in the harvest phase of the sustainability investment cycle.
Tone: bullishRevenue
$25.2B
WM 10-K · FY 2025
Employees
60,500
Revenue FY2024
$22.1B
EBITDA margin
31%
Profile
WM 10-K Item 1 · Feb 9, 2026Waste Management, Inc. is North America's leading provider of comprehensive environmental solutions, operating an integrated network of collection, transfer, disposal, recycling, renewable energy and healthcare waste services across the U.S., Canada and parts of Western Europe. The company operates 257 landfills — the largest such network on the continent — alongside 342 transfer stations, 113 recycling facilities, and 103 landfill gas beneficial use projects. Following its November 2024 acquisition of Stericycle, WM added a Healthcare Solutions segment covering regulated medical waste, controlled substances disposal and secure information destruction.
Read filing description ↓ Collapse description ↑
We are North America's leading provider of comprehensive environmental solutions, providing services throughout the United States and Canada. We partner with our customers and the communities we serve to manage and reduce waste at each stage from collection to disposal, while recovering valuable resources and creating clean, renewable energy. Our solid waste business is operated and managed locally by our subsidiaries that focus on distinct geographic areas and provide collection, transfer, disposal, recycling and resource recovery services. Through our Waste Management Renewable Energy segment, we are also a leading developer, operator and owner of landfill gas-to-energy facilities in the U.S. and Canada that produce renewable electricity and renewable natural gas, which is a significant source of fuel that we allocate to our natural gas fleet. Following our 2024 acquisition of Stericycle, Inc., our Healthcare Solutions segment provides regulated waste and compliance services and secure information destruction services in the U.S., Canada and Western Europe that protect people and brands, promote health and well-being and safeguard the environment. Additionally, through our Recycling Processing and Sales segment, we are a leading recycler in the U.S. and Canada, handling materials that include paper, cardboard, glass, plastic and metal. We own or operate 257 landfill sites, which is the largest network of landfills throughout the U.S. and Canada. Our fundamental strategy has not changed; we remain dedicated to providing long-term value to our stockholders by successfully executing our core strategy of focused differentiation and continuous improvement. We have enabled a people-first, technology-led focus to drive our mission to maximize resource value, while minimizing environmental impact, and sustainability and environmental stewardship is embedded in all that we do.
Primary products
- Solid waste collection
- Landfill disposal
- Transfer station services
- Recycling Processing and Sales
- Renewable Natural Gas (RNG)
- Landfill gas-to-energy (electricity)
Business segments
End markets
Geographies
“We are North America's leading provider of comprehensive environmental solutions, providing services throughout the United States and Canada.” Competitive position, as stated in the filing
Revenue commentary · FY 2025
Operating revenues grew from $22,063 million in 2024 to $25,204 million in 2025, primarily reflecting the first full year of Stericycle revenue within the Healthcare Solutions segment.
The rest of WM is for subscribers
Analysis, signals, diligence answers, M&A activity and every quote, each citing the filing it came from.