Waste Management, Inc. (WM) is a Utilities stock trading at $219.08 (as of 2026-09-02), with a market capitalization of $88.26B and a trailing P/E of 30.9. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.
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.
Waste Management collects, hauls, and disposes of trash and recyclables for households, businesses, and municipalities across North America, earning recurring per-pickup and per-ton fees. The revenue base is dominated by contract-based collection (roughly 90% from its legacy waste operations), with landfill disposal, healthcare waste, and recycling as secondary growth vectors.
The profit engine is a toll-road model: per-pickup and per-ton fees locked into long-term contracts, underpinned by scarce landfill sites and local franchise routes that no new entrant can replicate.
| Legacy | $5.8B |
| Healthcare Solutions | $0.6B |
Business quality (Solid): Solid. Operating margin near 19% and ROE around 29% reflect a capital-intensive, contract-backed business with highly predictable cash flows and limited customer churn.
Valuation: At 31× earnings, WM trades 19% above the Other average (26×).
| Price | $219.08 |
| Market Cap | $88.26B |
| P/E Ratio | 30.9 |
| EV / EBITDA | 12.0 |
| Price / Book | 8.89 |
| Price / Sales | 3.44 |
| FCF Yield | 3.2% |
| DCF Value (model) | $190.73 |
| DCF Upside vs Price | -12.9% |
| Revenue (TTM) | $25.20B |
| Net Margin | 10.7% |
| Revenue Growth (YoY) | 4.0% |
| EPS Growth (YoY) | 8.9% |
| FCF Growth (YoY) | 34.8% |
| Altman Z-Score | 2.85 (grey) |
| Piotroski F-Score | 7/9 (strong) |
| Stock P/E | 30.9 |
| Sector P/E (Utilities) | 21.0 |
| Industry P/E (Other) | 20.6 |
| vs Sector | 47.2% |
| vs Industry | 50.1% |
| Top Institutional Holder | VANGUARD GROUP INC ($8.57B) |
| Institutional Holders Tracked | 10 |
| Congressional Trades (recent) | 10 |
| Sector | Utilities |
| Industry | Other |
| CEO | James C. Fish Jr. |
| Employees | 61,700 |
| Country | US |
| IPO Date | 1988-06-22 |
Data as of 2026-09-02.
Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.