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.

Operating Revenues

Operating Revenues %Chg

Operating Revenues Common Size

Operating

Operating %Chg

Operating Common Size

Selling, General and Administrative

Selling, General and Administrative %Chg

Selling, General and Administrative Common Size

Depreciation, Depletion and Amortization

Depreciation, Depletion and Amortization %Chg

Depreciation, Depletion and Amortization Common Size

Restructuring

Restructuring %Chg

Restructuring Common Size

Loss from Divestitures, Asset Impairments and Unusual Items, Net

Loss from Divestitures, Asset Impairments and Unusual Items, Net %Chg

Loss from Divestitures, Asset Impairments and Unusual Items, Net Common Size

Total Costs and Expenses

Total Costs and Expenses %Chg

Total Costs and Expenses Common Size

Income from Operations

Income from Operations %Chg

Income from Operations Common Size

Interest Expense, Net

Interest Expense, Net %Chg

Interest Expense, Net Common Size

Loss on Early Extinguishment of Debt, Net

Loss on Early Extinguishment of Debt, Net %Chg

Loss on Early Extinguishment of Debt, Net Common Size

Equity in Net Income of Unconsolidated Entities

Equity in Net Income of Unconsolidated Entities %Chg

Equity in Net Income of Unconsolidated Entities Common Size

Other, Net

Other, Net %Chg

Other, Net Common Size

Total Other Income

Total Other Income %Chg

Total Other Income Common Size

Income Before Income Taxes

Income Before Income Taxes %Chg

Income Before Income Taxes Common Size

Income Tax Expense

Income Tax Expense %Chg

Income Tax Expense Common Size

Consolidated Net Income

Consolidated Net Income %Chg

Consolidated Net Income Common Size

Less: Net Income Attributable to Noncontrolling Interests

Less: Net Income Attributable to Noncontrolling Interests %Chg

Less: Net Income Attributable to Noncontrolling Interests Common Size

Net Income Attributable to Waste Management

Net Income Attributable to Waste Management %Chg

Net Income Attributable to Waste Management Common Size

Basic Earnings per Common Share

Basic Earnings per Common Share %Chg

Basic Earnings per Common Share Common Size

Diluted Earnings per Common Share

Diluted Earnings per Common Share %Chg

Diluted Earnings per Common Share Common Size

Cash Dividends Declared per Common Share

Cash Dividends Declared per Common Share %Chg

Cash Dividends Declared per Common Share Common Size

Weighted Average Basic Common Shares Outstanding

Weighted Average Basic Common Shares Outstanding %Chg

Weighted Average Basic Common Shares Outstanding Common Size

Weighted Average Diluted Common Shares Outstanding

Weighted Average Diluted Common Shares Outstanding %Chg

Weighted Average Diluted Common Shares Outstanding Common Size

Total Revenues

Total Revenues %Chg

Total Revenues Common Size

Cost of Sales

Cost of Sales %Chg

Cost of Sales Common Size

Gross Profit

Gross Profit %Chg

Gross Profit Common Size

Gross Profit Margin

Gross Profit Margin %Chg

Gross Profit Margin Common Size

Selling, General & Administrative Expenses

Selling, General & Administrative Expenses %Chg

Selling, General & Administrative Expenses Common Size

Depreciation & Amortization Expenses

Depreciation & Amortization Expenses %Chg

Depreciation & Amortization Expenses Common Size

Other Operating Expenses

Other Operating Expenses %Chg

Other Operating Expenses Common Size

Operating Profit

Operating Profit %Chg

Operating Profit Common Size

Operating Margin

Operating Margin %Chg

Operating Margin Common Size

Interest Expense

Interest Expense %Chg

Interest Expense Common Size

Non-Operating Income

Non-Operating Income %Chg

Non-Operating Income Common Size

Total Non-Operating Income

Total Non-Operating Income %Chg

Total Non-Operating Income Common Size

Income Before Provision for Income Taxes

Income Before Provision for Income Taxes %Chg

Income Before Provision for Income Taxes Common Size

Provision for Income Taxes

Provision for Income Taxes %Chg

Provision for Income Taxes Common Size

Net Income Attributable to Minority Interests and Other

Net Income Attributable to Minority Interests and Other %Chg

Net Income Attributable to Minority Interests and Other Common Size

Net Income Attributable to Common Shareholders

Net Income Attributable to Common Shareholders %Chg

Net Income Attributable to Common Shareholders Common Size

Basic EPS

Basic EPS %Chg

Basic EPS Common Size

Diluted EPS

Diluted EPS %Chg

Diluted EPS Common Size

Basic Weighted Average Shares Outstanding

Revenue

EBIT

EBITDA

CapEx

Net Interest Income

Assets

Adjusted EBITDA

Adjusted Net Income

Net Revenue

Net Income

Average Assets

Adjusted EBIT

Adjusted Revenue

Adjusted EBT

Adjusted Funds From Operations

Income Statement	Sep '25	Jun '25	Mar '25	Dec '24	Sep '24	Jun '24
Total Revenues	6,443	6,430	6,018	5,893	5,609	5,402
Total Revenues %Chg	14.9%	19%	16.7%	13%	7.9%	5.5%
Cost of Sales	3,833	3,839	3,647	3,553	3,399	3,291
Gross Profit	2,610	2,591	2,371	2,340	2,210	2,111
Gross Profit Margin	40.5%	40.3%	39.4%	39.7%	39.4%	39.1%
Selling, General & Administrative Expenses	665	696	687	747	525	501
Selling, General and Administrative
Depreciation & Amortization Expenses	729	708	656	652	558	543
Depreciation, Depletion and Amortization
Other Operating Expenses	227	36	15	22	8	58
Restructuring
Loss from Divestitures, Asset Impairments and Unusual Items, Net
Operating Profit	989	1,151	1,013	919	1,119	1,009
Income from Operations
Operating Margin	15.3%	17.9%	16.8%	15.6%	20%	18.7%
Interest Expense	-225	-232	-232	-201	-131	-136
Interest Expense, Net
Non-Operating Income	11	9	7	-18	7	21
Loss on Early Extinguishment of Debt, Net
Equity in Net Income of Unconsolidated Entities
Other, Net
Total Non-Operating Income	-214	-223	-225	-219	-124	-115
Income Before Provision for Income Taxes	775	928	788	700	995	894
Income Before Income Taxes
Provision for Income Taxes	172	201	151	102	235	214
Income Tax Expense
Consolidated Net Income	603	727	637	598	760	680
Consolidated Net Income
Net Income Attributable to Minority Interests and Other	1	1	—	—	—	—
Less: Net Income Attributable to Noncontrolling Interests
Net Income Attributable to Common Shareholders	603	726	637	598	760	680
Net Income Attributable to Waste Management
Basic EPS	1.5	1.8	1.6	1.5	1.9	1.7
Diluted EPS	1.5	1.8	1.6	1.5	1.9	1.7
Basic Weighted Average Shares Outstanding	403	402.6	402.3	401.6	401.5	401.3
Total Shares Outstanding	402.9	402.6	402.4	401.5	401.4	401.1
Diluted Weighted Average Shares Outstanding	404.3	404.3	403.9	403.6	403.2	403.2
EBITDA	1,718	1,859	1,669	1,571	1,677	1,552
Effective Tax Rate	22.2%	21.7%	19.2%	14.6%	23.6%	23.9%