Waste Management, Inc. Website

Waste Management, Inc.

NYSE-WM

Company Overview

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.

  • Name

    Waste Management, Inc.

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  • Website

    www.wm.com

  • Sector

    Commercial Services and Supplies

  • Year Founded

    1968

Company Statistics

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Bulls Say

  • WM has a stable business model and enjoys a wide economic moat rooted in intangible assets (regulatory permits for landfills) and cost advantages (route density).

  • Under WM's ownership, Stericycle (now WM Healthcare Solutions) has stronger revenue growth and profit margin prospects. WM has further opportunities to expand in the adjacent medical waste space.

  • Significant investments in renewable energy generation and recycling projects should support stronger earnings and free cash flow growth and raise the firm's already strong ESG profile.

Bears Say

  • It's becoming increasingly difficult to find quality tuck-in acquisitions that move the needle for WM, which opens up the temptation to overspend on a large, complex and/or noncore transactions. Operational issues had plagued Stericycle for several years, and WM may therefore face heightened integration risk.

  • Many US municipalities are gradually pushing for greater solid waste reduction and recycling, which could temper the level of higher-margin waste entering WM's landfills over the long run.

  • WM's record profit margins may not be maintainable as pricing normalizes.

Source: Morningstar Analysis - Oct 28, 2025

What's happening

Nov 20, 2025 - Dec 20, 2025

Waste Management Inc. Faces Mixed Signals Amid Dividend Boost and Competitive Concerns

  • WM announced a 14.5% increase in its dividend rate for 2026, raising it from $0.825 to $0.945 per share.
  • The company introduced a new $3 billion share repurchase program, replacing an earlier authorization of $1.5 billion.
  • Insider selling activity raised concerns about investor confidence despite positive market sentiment surrounding dividends and ratings upgrades.

Over the past month, Waste Management Inc. (WM) experienced a modest overall movement of 0.3%. This performance reflects an underperformance compared to the S&P 500's return of 2.7%, indicating that WM lagged behind by 2.4%. Additionally, the stock underperformed the Industrials sector by -3.3%. Several bullish developments influenced WM’s performance during this period, particularly regarding its dividend policies and share buyback initiatives.

On December 16th, WM announced a significant increase in its dividend rate for 2026 by 14.5%, raising it from $0.825 to $0.945 per share while introducing a new $3 billion share repurchase program that replaced an earlier authorization of $1.5 billion from 2023. This marked the twenty-third consecutive year of dividend increases for WM and generated considerable positive sentiment among investors who viewed these actions as indicative of strong financial health.

Furthermore, on December 1st, JP Morgan maintained an Overweight rating on WM and raised its price target to $265, which bolstered investor confidence amidst favorable market conditions characterized by landfill scarcity and strategic acquisitions enhancing growth potential over time.

Despite these positive factors contributing to bullish sentiment around WM's stock performance throughout much of December, bearish elements also impacted investor perception negatively; notably on December 17th when KKR & Co.'s reported multibillion-pound deal involving Viridor raised concerns about competitive dynamics within the waste management sector that could indirectly affect WM’s standing in the market.

Additionally, insider selling activity was observed with Vice President Carrasco filing to sell shares on November 21st—a move often scrutinized for potentially signaling diminished confidence in future performance—adding pressure amid otherwise optimistic news cycles focused on dividends and ratings upgrades from financial institutions like DZ Bank and Goldman Sachs earlier in November.

Waste Management Inc underperformed the Industrials (XLI) sector by -3.3%.

NYSE:WM