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Stocks/Industrials/Environmental & Facilities Services

Waste ManagementWM

Environmental & Facilities Services · Houston, Texas · In the S&P 500
Solid businessPricier than peers
$233.45+1.10%After hours: $230.39 (−1.31%)At the close, 30 Oct · Prices from CNBC, may be delayed
▲ 18.2% over 1 year
Waste Management over 1 yearDaily close, $, to 30 Oct 2026
$200$220$240Nov2026MarMayJulSep$233.45$200$220$240NovMarJul$233.45
Source: Nasdaq daily closes
Market value$92.83B
Price to earnings30.6x
Forward P/E27.7x
Dividend yield1.62%
Year to date+6.3%
One year+18.2%
Next earningsNot scheduled
SectorIndustrials
52-week range (closes)
$196.77$246.51

Quality and valuation

How Waste Management compares with other industrials stocks. A description, not a recommendation.

Waste Management and 7 environmental & facilities services peers. Across: valuation (P/E) against the sector. Up: business quality against the sector. Hover or tap a logo for its numbers.

Business quality: about averageValuation: pricier than most

An average business among industrials companies, priced above most of them.

Waste Management trades at 27.7 times the next 12 months of expected earnings, against a median of 21.4x for the 89 industrials stocks we cover. The quality score blends where it ranks on revenue growth, gross margin, operating margin and free-cash-flow margin (net margin for banks and insurers) over the last 12 months, from SEC filings.

  • Revenue grew slower than the sector median: +5.2% vs +8.2%
  • Keeps more of each sale (gross margin): 40.4% vs 38.1%
  • More profitable (operating margin): 18.4% vs 17.5%
  • Turns more of its sales into cash: 14.3% vs 13.1%
WM trades at 27.7x forward earnings, above the sector medianForward p/e, Environmental & Facilities Services peers
LMT20.6xCAT21.6xUNP22.3xRTX26.8xWM27.7xDE32.3xGE35.7xGEV40.8xSector median 21.4xLMT20.6xCAT21.6xUNP22.3xRTX26.8xWM27.7xDE32.3xGE35.7xGEV40.8xSector median 21.4x
Source: CNBC quotes; Mostly Markets
At 30.6x earnings, WM is cheaper than its average since Oct 2024Price over the last 12 months of reported (GAAP) diluted EPS
P/EUsual range (±1 s.d.)
32x35xAverage 33.3x2025202630.6x35xAverage 33.3x2025202630.6x
Source: Nasdaq prices; SEC filings

Financials

From Waste Management's SEC filings, through the quarter ending 30 Sep 2026. Hover or tap a bar for its value.

Revenue grew 6.3% from a year earlierQuarterly revenue, $bn, latest Q3 ’26
$0bn$2bn$4bn$6bnQ4 ’24Q2 ’25Q4 ’25$6.8bnQ3 ’26$0bn$2bn$5bnQ4 ’24Q2 ’25Q4 ’25$6.8bnQ3 ’26
Source: SEC filings
Growth sped up to +6.3% last quarterRevenue growth, year on year, %
0%5%10%15%Q4 ’24Q2 ’25Q4 ’256.3%Q3 ’260%10%Q4 ’24Q2 ’25Q4 ’256.3%Q3 ’26
Source: SEC filings
Operating margin was 18.7% last quarterOperating income as a share of revenue, %
0%5%10%15%Q4 ’24Q2 ’25Q4 ’2518.7%Q3 ’260%10%Q4 ’24Q2 ’25Q4 ’2518.7%Q3 ’26
Source: SEC filings
Free cash flow was $3.7 billion over 12 monthsQuarterly free cash flow (operating cash flow minus capex), $bn
$0.0bn$0.5bn$1.0bnQ4 ’24Q2 ’25Q4 ’25$1.0bnQ3 ’26$0.0bn$0.5bn$1.0bnQ4 ’24Q2 ’25Q4 ’25$1.0bnQ3 ’26
Source: SEC filings
Last 12 monthsWMSector median
Revenue growth+5.2%+8.2%
Gross margin40.4%38.1%
Operating margin18.4%17.5%
Free cash flow margin14.3%13.1%
Price to earnings30.6x25.8x

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Similar companies

Environmental & Facilities Services, by market value.

CompanyPriceTodayYTDValue
GEGE Aerospace$301.80−3.59%−2.0%$312B
CATCaterpillar$622.75−3.81%+8.7%$286B
RTXRTX$199.80+0.20%+8.9%$270B
GEVGE Vernova$857.87−3.38%+31.3%$227B
DEDeere &$675.48+2.35%+45.1%$182B
UNPUnion Pacific$304.00+0.69%+31.4%$181B
LMTLockheed Martin$636.95−1.03%+31.7%$147B
ETNEaton$369.97−6.03%+16.2%$144B