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WM

Waste Management, Inc.
$229.58
-0.93% Oct 21 close
IndustrialsS&P 500 Compare
-9%-2%+4%+11%+17%Oct 2025Oct 2026Apr 2026
WMSPY
1W
+6.4%
1M
+10.9%
3M
-2.4%
6M
+3.4%
YTD
+5.8%
1Y
+8.6%

Live chart

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What they do

Waste Management, Inc. provides environmental solutions to residential, commercial, industrial, and municipal customers in the United States, Canada, Western Europe, and internationally. It offers collection services, including picking up and transporting waste and recyclable materials from where it was generated to a transfer station, recovery facility. It also operates materials processing and commodities recycling services.

Industrials · Waste Management

For information only · Important disclosures

Grades vs sector

Momentum
44th percentile in sector
C
12-1 return: +3.8%
Percentile within its GICS sector across the S&P 1500.
Growth
21st percentile in sector
D
Revenue growth (YoY): +4.0%
Percentile within its GICS sector across the S&P 1500.
Value
35th percentile in sector
C-
Forward E/P: 4.0% · EBITDA/EV: 6.9%
Percentile within its GICS sector across the S&P 1500.
Profitability
72nd percentile in sector
B+
Profit margin: +11.1% · Return on equity: +29.8%
Percentile within its GICS sector across the S&P 1500.
Revisions
Not enough data yet
–
EPS estimate change, 30 days (current FY): –
30-day change in analysts' current-year EPS estimate; graded across covered stocks.

Our models

Not held by any of our 5 live models right now.

Quality Growth
Outside this model's universe or screens
Momentum Top 15
ranked 332 of 499 · 12-month momentum 0.3%
Momentum Blend
Not in the current book
New Highs Growth
Outside this model's universe or screens
Coteau Long Book
Not in the current book

News

More news
Waste Management (WM): Buy, Sell, or Hold Post Q2 Earnings?
StockStory · Oct 20
Waste Management (WM) Has a Long Runway. Is the Stock Worth Buying?
Insider Monkey · Oct 18

Key stats

Market value$91.8B
P/E (last 12 months)32.5
P/E (next 12 months, estimated)25.3
52-week range$194.11 – $248.13
Revenue growth (latest quarter vs a year ago)+4.0%
Dividend yield1.63%
Analyst consensusBuy (25)
Average analyst price target$253.52 (+10%)
Valuation and fundamentals

Valuation & fundamentals

Bottom line
Leans undervalued
Model read-out from the numbers below, not advice. Score +2 (DCF counts double).
▲DCF (base case)above the price by 16%
▼Forward P/E vs sector25.3x vs median 17.1x
▲Piotroski F-score7/9
•Altman Z2.9 (grey)
▲Net debt / EBITDA-0.1x
•Analyst target+10% (25 analysts)

Discounted cash flow

Bear
$153
-34%
growth 1% · disc. 8.0% · term. 2.0%
Base
$266
+16%
growth 6% · disc. 7.0% · term. 2.5%
Bull
$469
+104%
growth 9% · disc. 6.0% · term. 3.0%

A DCF starts from trailing free cash flow, so it can overstate value if the last 12 months were unusually strong (or weak). Use the bear case or edit the starting cash flow if so.

Reverse DCFfor context, not a signal
Today's price assumes free cash flow grows about 3% a year for 10 years.
Implied
+3%/yr
FCF, last 3 yrs
+52%/yr
FCF, last 5 yrs
+27%/yr
Revenue, last 3 yrs
+9%/yr
Revenue, last 5 yrs
+11%/yr
Same inputs as the DCF above: trailing free cash flow 3.7B, 7.0% discount rate, 2.5% growth after year 10, net cash and today's share count. Actual growth rates are compound annual rates from SEC annual filings through FY2025; "n/a" means too little history or a negative starting year.
Edit assumptions · recalculates instantly
Your value per share–

Free cash flow = operating cash flow − capital spending, trailing 12 months (TTM to 2026-06-30). Growth default: average of 3-year revenue CAGR and latest revenue growth, capped at 30%. Years 6–10 fade linearly to terminal growth. Discount rate = 4.25% risk-free assumption + beta 0.43 × 5% equity premium, kept within 7–13%. Bear: lower growth, +1 pt discount, 2% terminal. Bull: higher growth, −1 pt, 3%.

Multiples vs Industrials

P/E (trailing)
sector median 26.4× · 69th pct
32.5×
pricier
Forward P/E
sector median 17.1× · 83rd pct
25.3×
pricier
EV / EBITDA
sector median 14.8× · 37th pct
12.2×
cheaper
Price / sales
sector median 2.1× · 72nd pct
3.6×
pricier
Price / book
sector median 3.5× · 86th pct
9.2×
pricier
FCF yield
sector median 4.5% · 42nd pct
4.0%
pricier

Forward EPS $9.09 vs trailing $7.06 (+29% expected growth). Forward P/E uses analysts' next-12-month estimate.

Quality & financial health

Gross margin
40.6%
Operating margin
17.6%
FCF margin
14.4%
Net margin
11.1%
Return on equity
28.7%
Return on invested capital
37.8%
Net debt / EBITDA
-0.1×
Current ratio
0.9×
Interest cover
9.0×
Cash conversion (OCF/NI)
2.3×
Piotroski F-score 7/9 · last two fiscal years
✓ Positive net income✓ Positive operating cash flow✗ Return on assets improved✓ Cash flow above net income✓ Long-term debt / assets fell✓ Current ratio improved✓ No share dilution✗ Gross margin improved✓ Asset turnover improved

Altman Z-score 2.9 (grey zone; above 3.0 = safe, below 1.8 = distress). Not meaningful for banks and insurers.

Analysts

Mean target
$254
+10%
Analysts
25
Buy
Range
$220–$277
low – high
● price · ◆ mean target

Annual history

FYRevenueNet incomeFree cash flow
2025$25.2B$2.7B$6.0B
2024$22.1B$2.7B$5.4B
2023$20.4B$2.3B$4.7B
2022$19.7B$2.2B$1.7B
2021$17.9B$1.8B$2.3B
2020$15.2B$1.5B$1.8B

From the company's 10-K filings via SEC XBRL. 3-year revenue CAGR +8.6%.

Earnings

Next report: 2026-10-27 · after close · EPS est 2.18
24-1025-0125-0425-0725-1026-0126-0426-070.002.02
EstimateActual (beat)Actual (miss)
ReportEPS estActualSurprise
2026-07-281.982.02+2.1%
2026-04-281.741.81+4.0%
2026-01-281.951.93-0.9%
2025-10-272.011.98-1.6%
2025-07-281.891.92+1.8%
2025-04-281.591.67+5.3%
2025-01-291.801.70-5.7%
2024-10-281.881.96+4.0%

Quarterly revenue

QuarterRevenueYoY
2026-06-30$6.7B+4.0%
2026-03-31$6.2B–
2025-12-31$6.3B–
2025-09-30$6.4B–
2025-06-30$6.4B–
Analyst actions
Morgan Stanley
2026-10-13 · main
Equal-Weight → Equal-Weight
PT $220
JP Morgan
2026-10-08 · main
Overweight → Overweight
PT $235
CIBC
2026-10-08 · main
Neutral → Neutral
PT $225
UBS
2026-08-04 · main
Buy → Buy
PT $270
RBC Capital
2026-07-30 · main
Sector Perform → Sector Perform
PT $244
Stifel
2026-07-30 · main
Buy → Buy
PT $261

Recent dividends

2026-09-11: $0.945 · 2026-06-05: $0.945 · 2026-03-13: $0.945 · 2025-12-05: $0.825 · 2025-09-12: $0.825 · 2025-06-06: $0.825 · 2025-03-14: $0.825 · 2024-12-06: $0.750
Insider trades
Carroll John A.
VP & Chief Accounting Officer · 2026-09-04
Sell
$300.2K
None
None · None
Sell
–
None
None · None
Sell
–
None
None · None
Sell
–

Stats refreshed 2026-10-21 18:06:44 ET from Yahoo Finance (yfinance). "–" means the data isn't available. Refresh now

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coteau

Independent research · Not investment advice · Important disclosures · Contact desk@coteau.app

Coteau Systematic Strategies publishes stock research and model portfolios. Results are hypothetical unless marked Live. Data: Yahoo Finance (15-min delayed), SEC EDGAR and the House Clerk.

Beta 0.9 · Oct 21, 2026