Waste Management, Inc. (WM) Stock Price & Analysis
Waste Management, Inc. (WM) closed at USD 239.1 on Thursday, October 22, 2026, up 4.15% on the day. The US market is currently closed (pre-market); this is not a live price.
The prior close was USD 239.1; the Oct 22, 2026 session ranged USD 231.36–239.62 on volume of 2,959,532 shares. Market capitalization is —, with a 52-week range of USD 194.11–248.13 (NYQ). Source: Nexqual, retrieved October 23, 2026 at 09:27 UTC.
Also available as compact Markdown for AI agents: nexqual.com/WM.md
Key facts (WM)
- Last four reported quarters (through Jun 30, 2026): revenue $25.7B, net income $2.85B (11.1% margin), free cash flow $3.57B (SEC filings).
- 3 of 80 tracked superinvestors hold WM (13F, Q2 2026): 0 new, 1 added, 2 reduced, 0 unchanged.
- Total return with dividends: 1Y +12.5% vs S&P 500 +14.9%; 5Y +57.4% vs S&P 500 +80.3%.
- Next earnings: 2026-10-27, EPS estimate USD 2.18, revenue estimate $6.81B.
Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (WM)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $17.9B | $19.7B | $20.4B | $22.1B | $25.2B | $25.7B |
| Gross profit | $6.82B | $7.40B | $7.82B | $8.68B | $10.2B | — |
| Operating income | $2.96B | $3.37B | $3.58B | $4.06B | $4.31B | $4.51B |
| Net income | $1.82B | $2.24B | $2.30B | $2.75B | $2.71B | $2.85B |
| EPS (diluted) | $4.29 | $5.39 | $5.66 | $6.81 | $6.70 | — |
| Free cash flow | $2.30B | $1.73B | $1.82B | $2.16B | $2.82B | $3.57B |
| Gross margin | 38.0% | 37.6% | 38.3% | 39.3% | 40.4% | — |
| Operating margin | 16.5% | 17.1% | 17.5% | 18.4% | 17.1% | 17.6% |
| Net margin | 10.1% | 11.4% | 11.3% | 12.4% | 10.7% | 11.1% |
| Revenue growth | +17.8% | +9.9% | +3.7% | +8.0% | +14.2% | — |
| Cash + short-term investments | $118M | $351M | $458M | $414M | $201M | — |
| Total debt | $13.4B | $15.0B | $16.2B | $23.9B | $22.9B | — |
Fiscal years end Dec. EPS is split-adjusted.
Valuation (price ÷ last four quarters, through Jun 30, 2026) (WM)
P/E at fiscal year-ends: Dec 2025 32.8x, Dec 2024 29.6x, Dec 2023 31.6x.
Superinvestors (SEC 13F-HR, Q2 2026) (WM)
3 of 80 tracked investors hold WM. Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| Bill Gates | Gates Foundation Trust | 17.30% | $5.96B | Reduced -3.3% |
| Jensen Investment Management | 3.41% | $141M | Reduced -3.1% | |
| Mairs & Power | Mairs & Power Funds | 1.21% | $132M | Added +48.4% |
Analysts (WM)
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-13 | Morgan Stanley | Target lowered | Equal-Weight | $230 → $220 |
| 2026-10-08 | JP Morgan | Target lowered | Overweight | $270 → $235 |
| 2026-10-08 | CIBC | Target lowered | Neutral | $250 → $225 |
| 2026-08-04 | UBS | Target raised | Buy | $265 → $270 |
| 2026-07-30 | RBC Capital | Target raised | Sector Perform | $240 → $244 |
| 2026-07-30 | Stifel | Target raised | Buy | $252 → $261 |
| 2026-07-30 | Barclays | Target raised | Overweight | $270 → $277 |
| 2026-07-16 | Scotiabank | Target raised | Sector Perform | $250 → $260 |
| 2026-07-10 | Citigroup | Target raised | Buy | $263 → $269 |
| 2026-07-08 | Oppenheimer | Target lowered | Outperform | $264 → $263 |
| 2026-06-27 | CIBC | Target raised | Neutral | $244 → $250 |
Total return (dividends reinvested) (WM)
| 1Y (from 2025-10-23) | 5Y (from 2021-10-18) | |
|---|---|---|
| Total return | +12.5% | +57.4% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | +12.5% | +9.5% |
| Volatility (annualized) | 21.2% | 19.0% |
| Max drawdown | -17.1% (Mar 2026→Oct 2026) | -16.5% (May 2025→Oct 2025) |
Companies that name WM in their SEC reports
| Relationship to WM | Company | Filing | Sentence |
|---|---|---|---|
| partner | Bristow Group Inc. (VTOL) | 10-K Feb 26, 2026 | “Her professional journey also includes several years at Waste Management, Inc. ("Waste Management"), where she started in 2002 as the Controller of Waste Management Trading before transitioning to the role of Financial Reporting Manager for Recycle America Alliance, a division of Waste Management, before leaving in 2005.” |
WM analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends Sep 2026) | $2.18 | $2.20 | -0.7% | $6.81B | 24 |
| Next quarter (ends Dec 2026) | $2.10 | $2.17 | -3.3% | $6.70B | 24 |
| Current fiscal year (ends Dec 2026) | $8.14 | $8.17 | -0.4% | $26.43B | 28 |
| Next fiscal year (ends Dec 2027) | $9.09 | $9.21 | -1.4% | $27.86B | 28 |
WM options: expected move
Options price a move of about ±5.5% (±$13.20) by Nov 20, 2026, which includes earnings on Oct 27, 2026.
| Expiration | Days | ATM implied volatility | Expected move |
|---|---|---|---|
| Nov 20, 2026 | 28 | 26.3% | ±5.5% |
| Dec 18, 2026 | 56 | 23.5% | ±7.5% |
| Jan 15, 2027 | 84 | 22.6% | ±8.8% |
| Mar 19, 2027 | 147 | 21.9% | ±11.2% |
| Apr 16, 2027 | 175 | 22.1% | ±12.3% |
| Jun 17, 2027 | 237 | 22.2% | ±14.3% |
| Sep 17, 2027 | 329 | 22.1% | ±16.8% |
30-day implied volatility 25% vs 22.8% realized over the last 30 trading days. Put/call ratio (volume) 0.56. Cboe delayed quotes (15 min). Expected move = at-the-money straddle.
Key Statistics (as of October 23, 2026 at 09:27 UTC)
| Price | USD 239.1 |
|---|---|
| Change | ▲ 4.15% (up) |
| Previous Close | USD 239.1 |
| Open | USD 239.1 |
| Day Range | USD 231.36 – 239.62 |
| 52-Week Range | USD 194.11 – 248.13 |
| Volume | 2,959,532 shares |
| Market Cap | — |
| Exchange | NYQ |
Technical Analysis (WM)
Nexqual's technical model rates WM "BUY" based on 5 bullish and 3 bearish signals across 127 daily candles, as of October 23, 2026 at 09:27 UTC.
| Overall Signal | BUY |
|---|---|
| RSI (14) | 77.31 (overbought) |
| vs SMA50 | Above (USD 216.65) |
| MACD | 4.94 (positive) |
Earnings (WM)
| Next Earnings Date | 2026-10-27 |
|---|---|
| EPS Estimate | USD 2.18 |
| Revenue Estimate | $6.81B |
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2026-06-30 | USD 2.02 vs est 1.98 ▲ beat |
| 2026-03-31 | USD 1.81 vs est 1.74 ▲ beat |
| 2025-12-31 | USD 1.93 vs est 1.95 ▼ miss |
| 2025-09-30 | USD 1.98 vs est 2.01 ▼ miss |
Source: Nexqual, October 23, 2026 at 09:27 UTC.
Financials & Fundamentals (WM)
| Total Revenue | $25.67B |
|---|---|
| Revenue Growth (latest quarter, YoY) | +4.00% |
| Gross Margin | +40.60% |
| Operating Margin | +18.99% |
| Profit Margin | +11.12% |
| ROE | +29.84% |
| Debt / Equity | 2.35 |
| Current Ratio | 0.91 |
| Total Cash | $557.00M |
| Total Debt | $23.36B |
Source: Nexqual, October 23, 2026 at 09:27 UTC.
Ownership (WM)
| Insider Ownership | +0.25% |
|---|---|
| Institutional Ownership | +85.97% |
| Shares Outstanding | 399.72M |
| Float | 398.52M |
| Short % of Float | +1.95% |
Source: Nexqual, October 23, 2026 at 09:27 UTC.
Peers & Related Stocks
| Symbol | Name | Price | Change |
|---|---|---|---|
| RSG | Republic Services, Inc. | USD 241.9 | ▲ 5.03% |
| WCN | Waste Connections, Inc. | USD 184.88 | ▲ 9.86% |
| CLH | Clean Harbors, Inc. | USD 320.96 | ▲ 0.53% |
| GFL | GFL Environmental Inc. Subordin | USD 44.14 | ▲ 1.52% |
| CWST | Casella Waste Systems, Inc. | USD 96.89 | ▲ 7.39% |
| OIO | OIO Group | USD 1.87 | ▲ 1.08% |
Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 23, 2026 at 09:27 UTC. This page is informational and not investment advice.
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