WASTE MANAGEMENT INC
Fiscal years labelled by the calendar year in which they end. Bars in $ billions; per-share figures as reported.
CAPITALIZATION 12/31/25
| ($ millions) | Amount | % |
|---|---|---|
| Total debt | 22,907 | 69.6 |
| Stockholders' equity | 9,990 | 30.4 |
| Total capitalization | 32,897 | 100.0 |
399,715,184 shares outstanding at 24 July 2026 (cover page of the 10-Q filed 29 July 2026).
LONG-TERM DEBT 12/31/25
| ($ millions) | Amount |
|---|---|
| Long-term debt, noncurrent | 22,196 |
| Current maturities | 711 |
CAPITAL STOCK 12/31/25
| Common shares authorized | 1,500,000,000 |
| Common shares issued | 630,282,461 |
| Treasury shares | 227,340,757 |
| Par or stated value per share ($) | 0.01 |
| Outstanding at 7/24/26 | 399,715,184 |
DIVIDENDS DECLARED/PAID
| Fiscal year | Per share $ | Payout % |
|---|---|---|
| 2025 | 3.30 | 49.3 |
| 2024 | 3.00 | 44.1 |
| 2023 | 2.80 | 49.5 |
| 2022 | 2.60 | 48.2 |
| 2021 | 2.30 | 53.6 |
HISTORY AND BUSINESS
HISTORY: Incorporated in Delaware. Formerly known as USA WASTE SERVICES INC (to 10 July 1998).
BUSINESS: Classified by the SEC under Standard Industrial Classification 4953, Refuse Systems. Large accelerated filer. Principal executive office: 800 Capitol Street, Ste 3000, Houston, TX 77002. Fiscal year ends December 31. For a description of the business, see Item 1 of the latest 10-K.
CONSOLIDATED INCOME ACCOUNT, YEARS ENDED
| ($ millions) | 12/31/25 | 12/31/24 | 12/31/23 |
|---|---|---|---|
| Operating revenues | 25,204 | 22,063 | 20,426 |
| Depreciation and amortization | 2,863 | 2,267 | 2,071 |
| Total operating expenses | 20,896 | 18,000 | 16,851 |
| Operating income | 4,308 | 4,063 | 3,575 |
| Income before income taxes | 3,426 | 3,458 | 3,021 |
| Income taxes | 717 | 713 | 745 |
| Net income | 2,708 | 2,746 | 2,304 |
| Earned per share, diluted ($) | 6.70 | 6.81 | 5.66 |
| Dividends per share ($) | 3.30 | 3.00 | 2.80 |
CONSOLIDATED BALANCE SHEET
| ($ millions) | 12/31/25 | 12/31/24 |
|---|---|---|
| Cash and equivalents | 201 | 414 |
| Total current assets | 4,910 | 4,774 |
| Total assets | 45,835 | 44,567 |
| Total current liabilities | 5,524 | 6,258 |
| Long-term debt | 22,196 | 22,541 |
| Common stockholders' equity | 9,990 | 8,252 |
| Total capitalization and liabilities | 45,835 | 44,567 |
TEN-YEAR STATISTICS: FISCAL YEARS ($ millions except per share)
| Fiscal year ended | Revenues | Oper. income | Net income | Net margin % | EPS diluted $ | Div. per share $ | Oper. cash flow | Capital expend. | Free cash flow | Total assets | Total liabilities | Total debt | Stockholders' equity | ROE % | Debt / equity |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 12/31/25 | 25,204 | 4,308 | 2,708 | 10.7 | 6.70 | 3.30 | 6,043 | 3,227 | 2,816 | 45,835 | 35,844 | 22,907 | 9,990 | 27.1 | 2.29 |
| 12/31/24 | 22,063 | 4,063 | 2,746 | 12.4 | 6.81 | 3.00 | 5,390 | 3,231 | 2,159 | 44,567 | 36,313 | 23,900 | 8,252 | 33.3 | 2.90 |
| 12/31/23 | 20,426 | 3,575 | 2,304 | 11.3 | 5.66 | 2.80 | 4,719 | 2,895 | 1,824 | 32,823 | 25,927 | 16,229 | 6,903 | 33.4 | 2.35 |
| 12/31/22 | 19,698 | 3,365 | 2,238 | 11.4 | 5.39 | 2.60 | 4,536 | 2,809 | 1,727 | 31,367 | 24,503 | 14,984 | 6,849 | 32.7 | 2.19 |
| 12/31/21 | 17,931 | 2,965 | 1,816 | 10.1 | 4.29 | 2.30 | 4,338 | 2,039 | 2,299 | 29,097 | 21,971 | 13,405 | 7,124 | 25.5 | 1.88 |
| 12/31/20 | 15,218 | 2,434 | 1,496 | 9.8 | 3.52 | 2.18 | 3,403 | 1,585 | 1,818 | 29,345 | 21,891 | 13,810 | 7,452 | 20.1 | 1.85 |
| 12/31/19 | 15,455 | 2,706 | 1,670 | 10.8 | 3.91 | 2.05 | 3,874 | 1,815 | 2,059 | 27,743 | 20,673 | 13,498 | 7,068 | 23.6 | 1.91 |
| 12/31/18 | 14,914 | 2,789 | 1,925 | 12.9 | 4.45 | 1.86 | 3,570 | 1,671 | 1,899 | 22,650 | 16,374 | 10,026 | 6,275 | 30.7 | 1.60 |
| 12/31/17 | 14,485 | 2,636 | 1,949 | 13.5 | 4.41 | 1.70 | 3,180 | 1,568 | 1,612 | 21,829 | 15,787 | 9,491 | 6,019 | 32.4 | 1.58 |
| 12/31/16 | 13,609 | 2,296 | 1,182 | 8.7 | 2.65 | 1.64 | 3,003 | 1,347 | 1,656 | 20,859 | 15,539 | 9,310 | 5,297 | 22.3 | 1.76 |
Net margin = net income ÷ revenues; ROE = net income ÷ year-end stockholders’ equity; total debt = long-term debt including current maturities plus short-term borrowings/commercial paper, as tagged in XBRL; free cash flow = operating cash flow − purchases of property, plant and equipment; d = derived as total assets − total equity where the filing does not tag total liabilities; – = not reported in XBRL for that year.
REGISTRANT:
WASTE MANAGEMENT INC
CIK 823768 · EIN 73-1309529
PRINCIPAL OFFICE:
800 Capitol Street, Ste 3000, Houston, TX 77002
Tel.: 7135126200
INCORPORATED:
Delaware
INDUSTRY (SEC SIC CODE):
4953 · Refuse Systems
FILER STATUS:
Large accelerated filer
LATEST ANNUAL REPORT:
10-K for period ended 12/31/25, filed 9 February 2026
FORMER NAMES:
USA WASTE SERVICES INC
Sources: SEC XBRL company facts (all financial figures) · SEC submissions (registrant, address, SIC, filings) · annual reports: 10-K FY2025 (filed 2/9/26) · 10-K FY2024 (filed 2/19/25) · 10-K FY2023 (filed 2/13/24) · 10-K FY2022 (filed 2/7/23) · 10-K FY2021 (filed 2/15/22) · 10-K FY2020 (filed 2/22/21) · 10-K FY2019 (filed 2/13/20) · 10-K FY2018 (filed 2/14/19). Values are the latest figures filed for each fiscal year (restated where a later 10-K restated them). Ratios and free cash flow are Pathos calculations from those figures. Retrieved 31 October 2026.
Data from SEC filings. © 2026 Pathos Investments · pathosinvestments.com · For educational purposes only. Not investment advice.