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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Other, Net

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Total Other Income

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Consolidated Net Income

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Less: Net Income Attributable to Noncontrolling Interests

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Net Income Attributable to Waste Management

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Total Revenues

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Depreciation & Amortization Expenses

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Net Income Attributable to Minority Interests and Other

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Net Income Attributable to Common Shareholders

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Basic EPS

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Basic Weighted Average Shares Outstanding

Revenue

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Income Statement	Jun '25	Dec '24	Jun '24	Dec '23	Jun '23	Dec '22
Total Revenues	12,448	11,502	10,561	10,415	10,011	10,010
Total Revenues %Chg	17.9%	10.4%	5.5%	4%	3.3%	7.1%
Cost of Sales	7,486	6,952	6,431	6,334	6,272	6,249
Gross Profit	4,962	4,550	4,130	4,081	3,739	3,761
Gross Profit Margin	39.9%	39.6%	39.1%	39.2%	37.3%	37.6%
Selling, General & Administrative Expenses	1,383	1,272	992	983	943	960
Selling, General and Administrative
Depreciation & Amortization Expenses	1,364	1,210	1,057	1,045	1,026	1,048
Depreciation, Depletion and Amortization
Other Operating Expenses	51	30	56	247	1	46
Restructuring
Loss from Divestitures, Asset Impairments and Unusual Items, Net
Operating Profit	2,164	2,038	2,025	1,806	1,769	1,707
Income from Operations
Operating Margin	17.4%	17.7%	19.2%	17.3%	17.7%	17.1%
Interest Expense	-464	-332	-266	-255	-245	-200
Interest Expense, Net
Non-Operating Income	16	-11	4	-35	-19	-36
Loss on Early Extinguishment of Debt, Net
Equity in Net Income of Unconsolidated Entities
Other, Net
Total Non-Operating Income	-448	-343	-262	-290	-264	-236
Income Before Provision for Income Taxes	1,716	1,695	1,763	1,516	1,505	1,471
Income Before Income Taxes
Provision for Income Taxes	352	337	376	385	360	332
Income Tax Expense
Consolidated Net Income	1,364	1,358	1,387	1,131	1,145	1,139
Consolidated Net Income
Net Income Attributable to Minority Interests and Other	—	—	-1	-25	-3	1
Less: Net Income Attributable to Noncontrolling Interests
Net Income Attributable to Common Shareholders	1,363	1,358	1,388	1,156	1,148	1,138
Net Income Attributable to Waste Management
Basic EPS	3.4	3.4	3.5	2.9	2.8	2.8
Diluted EPS	3.4	3.4	3.4	2.9	2.8	2.7
Basic Weighted Average Shares Outstanding	402.5	401.5	401.5	402.4	407.4	410.6
Total Shares Outstanding	402.6	401.5	401.1	401.5	404.9	407.9
Diluted Weighted Average Shares Outstanding	404	403.5	403.3	404.7	409.1	413
EBITDA	3,528	3,248	3,082	2,851	2,795	2,755
Effective Tax Rate	20.5%	19.9%	21.3%	25.4%	23.9%	22.6%