WM
WASTE MANAGEMENT INC
NYSE · Industrials · Waste Management · US
$211.10
−1.05%Research · Sep 3, 2026
[WM] Waste Management Thesis 2026: Margin Leadership Deepens With Authorized Buyback
Waste Management FY25 (Dec 31, 2025) at $25.20B revenue (+14% on Stericycle annualization). NI $2.71B; EPS $6.70. Legacy Business operating EBITDA margin 30.1%. FCF $2.82B (+30%). FY26 guide: EBITDA +6.2% (+7.4% normalized), FCF +30%, dividend +14.5%, $3B buyback authorized.