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, Inc.

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Consolidated Net Income

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Net Income Attributable to Waste Management

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Net Income Attributable to Minority Interests and Other

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Income Statement	Sep '25	Jun '25	Mar '25	Dec '24	Sep '24	Jun '24
Total Revenues	24,784	23,950	22,922	22,063	21,387	20,976
Total Revenues %Chg	15.9%	14.2%	10.8%	8%	6.2%	4.8%
Cost of Sales	14,872	14,438	13,890	13,383	12,976	12,765
Gross Profit	9,912	9,512	9,032	8,680	8,411	8,211
Gross Profit Margin	40%	39.7%	39.4%	39.3%	39.3%	39.1%
Selling, General & Administrative Expenses	2,795	2,655	2,460	2,264	2,030	1,975
Selling, General and Administrative
Depreciation & Amortization Expenses	2,745	2,574	2,409	2,267	2,141	2,102
Depreciation, Depletion and Amortization
Other Operating Expenses	300	81	103	86	313	305
Restructuring
Loss from Divestitures, Asset Impairments and Unusual Items, Net
Operating Profit	4,072	4,202	4,060	4,063	3,929	3,831
Income from Operations
Operating Margin	16.4%	17.5%	17.7%	18.4%	18.4%	18.3%
Interest Expense	-890	-796	-700	-598	-525	-521
Interest Expense, Net
Non-Operating Income	16	12	24	-7	-2	-31
Loss on Early Extinguishment of Debt, Net
Equity in Net Income of Unconsolidated Entities
Other, Net
Total Non-Operating Income	-874	-784	-676	-605	-527	-552
Income Before Provision for Income Taxes	3,191	3,411	3,377	3,458	3,402	3,279
Income Before Income Taxes
Provision for Income Taxes	626	689	702	713	786	761
Income Tax Expense
Consolidated Net Income	2,565	2,722	2,675	2,745	2,616	2,518
Consolidated Net Income
Net Income Attributable to Minority Interests and Other	2	1	—	-1	-25	-26
Less: Net Income Attributable to Noncontrolling Interests
Net Income Attributable to Common Shareholders	2,564	2,721	2,675	2,746	2,641	2,544
Net Income Attributable to Waste Management
Basic EPS	6.4	6.8	6.7	6.8	6.6	6.3
Diluted EPS	6.4	6.7	6.6	6.8	6.5	6.3
Basic Weighted Average Shares Outstanding	402.4	402	401.7	401.5	401.6	402.3
Total Shares Outstanding	402.9	402.6	402.4	401.5	401.4	401.1
Diluted Weighted Average Shares Outstanding	404	403.8	403.5	403.4	403.5	404.2
EBITDA	6,817	6,776	6,469	6,330	6,070	5,933
Effective Tax Rate	19.6%	20.2%	20.8%	20.6%	23.1%	23.2%