WASTE MANAGEMENT INC

WM 10-Q · Q3 2025

WM Q3 2025 request

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Income Statement

Income Statement
Metric Q3 2025 Q3 2024 YoY
Revenue 6,443 5,609 +14.9%
Show Product Lines breakouts
Collection [Member] 3,930 3,796 +3.5%
Collection [Member] · Intersegment Elimination 548 490 +11.8%
Collection [Member] · Operating Segments 4,478 4,286 +4.5%
Collection and Disposal [Member] 5,321 5,084 +4.7%
Collection and Disposal [Member] · Intersegment Elimination 1,249 1,154 +8.2%
Collection and Disposal [Member] · Operating Segments 6,570 6,238 +5.3%
Commercial [Member] 1,419 1,359 +4.4%
Commercial [Member] · Intersegment Elimination 223 205 +8.8%
Commercial [Member] · Operating Segments 1,642 1,564 +5.0%
Industrial [Member] 808 797 +1.4%
Industrial [Member] · Intersegment Elimination 234 206 +13.6%
Industrial [Member] · Operating Segments 1,042 1,003 +3.9%
Landfill 995 923 +7.8%
Landfill · Intersegment Elimination 407 388 +4.9%
Landfill · Operating Segments 1,402 1,311 +6.9%
Other Collection [Member] 819 765 +7.1%
Other Collection [Member] · Intersegment Elimination 69 57 +21.1%
Other Collection [Member] · Operating Segments 888 822 +8.0%
Recycling Processing and Sales [Member] 372 432 -13.9%
Recycling Processing and Sales [Member] · Intersegment Elimination 98 71 +38.0%
Recycling Processing and Sales [Member] · Operating Segments 470 503 -6.6%
Residential [Member] 884 875 +1.0%
Residential [Member] · Intersegment Elimination 22 22 0.0%
Residential [Member] · Operating Segments 906 897 +1.0%
Service Other 7 6 +16.7%
Service Other · Intersegment Elimination 7 5 +40.0%
Service Other · Operating Segments 14 11 +27.3%
Transfer [Member] 396 365 +8.5%
Transfer [Member] · Intersegment Elimination 294 276 +6.5%
Transfer [Member] · Operating Segments 690 641 +7.6%
WM Healthcare Solutions [Member] 628
WM Healthcare Solutions [Member] · Intersegment Elimination 110
WM Healthcare Solutions [Member] · Operating Segments 738
WM Renewable Energy [Member] 115 87 +32.2%
WM Renewable Energy [Member] · Intersegment Elimination 1 1 0.0%
WM Renewable Energy [Member] · Operating Segments 116 88 +31.8%
Show Business Segments breakouts
Collection and Disposal [Member] 5,321 5,084 +4.7%
Collection and Disposal [Member] · East Tier [Member] 638 584 +9.2%
Collection and Disposal [Member] · East Tier [Member] 2,974 2,826 +5.2%
Collection and Disposal [Member] · East Tier [Member] 2,336 2,242 +4.2%
Collection and Disposal [Member] · Intersegment Elimination 1,249 1,154 +8.2%
Collection and Disposal [Member] · Operating Segments 6,570 6,238 +5.3%
Collection and Disposal [Member] · Other Ancillary [Member] 51 46 +10.9%
Collection and Disposal [Member] · Other Ancillary [Member] 808 750 +7.7%
Collection and Disposal [Member] · Other Ancillary [Member] 757 704 +7.5%
Collection and Disposal [Member] · West Tier [Member] 560 524 +6.9%
Collection and Disposal [Member] · West Tier [Member] 2,788 2,662 +4.7%
Collection and Disposal [Member] · West Tier [Member] 2,228 2,138 +4.2%
Corporate And Other 7 6 +16.7%
Corporate And Other · Intersegment Elimination 7 5 +40.0%
Corporate And Other · Operating Segments 14 11 +27.3%
Recycling Processing and Sales [Member] 372 432 -13.9%
Recycling Processing and Sales [Member] · Intersegment Elimination 98 71 +38.0%
Recycling Processing and Sales [Member] · Operating Segments 470 503 -6.6%
WM Healthcare Solutions [Member] 628
WM Healthcare Solutions [Member] · Intersegment Elimination 110
WM Healthcare Solutions [Member] · Operating Segments 738
WM Renewable Energy [Member] 115 87 +32.2%
WM Renewable Energy [Member] · Intersegment Elimination 1 1 0.0%
WM Renewable Energy [Member] · Operating Segments 116 88 +31.8%
Show Consolidation Items breakouts
Intersegment Elimination 1,465 1,231 +19.0%
Operating Segments 7,908 6,840 +15.6%
Cost of Revenue 3,833 3,399 +12.8%
Show Business Segments breakouts
Collection and Disposal [Member] · East Tier [Member] 1,813 1,747 +3.8%
Collection and Disposal [Member] · Operating Segments 4,324 4,118 +5.0%
Collection and Disposal [Member] · Other Ancillary [Member] 773 714 +8.3%
Collection and Disposal [Member] · West Tier [Member] 1,738 1,657 +4.9%
Corporate And Other · Operating Segments 6 32 -81.2%
Recycling Processing and Sales [Member] · Operating Segments 389 434 -10.4%
WM Healthcare Solutions [Member] · Operating Segments 511
WM Renewable Energy [Member] · Operating Segments 63 41 +53.7%
Show Consolidation Items breakouts
Intersegment Elimination 1,460 1,226 +19.1%
Operating Segments 5,293 4,625 +14.4%
Selling, General & Administrative 665 525 +26.7%
Show Business Segments breakouts
Collection and Disposal [Member] · East Tier [Member] 88 96 -8.3%
Collection and Disposal [Member] · Operating Segments 204 220 -7.3%
Collection and Disposal [Member] · Other Ancillary [Member] 28 29 -3.4%
Collection and Disposal [Member] · West Tier [Member] 88 95 -7.4%
Corporate And Other · Operating Segments 316 291 +8.6%
Recycling Processing and Sales [Member] · Operating Segments 16 16 0.0%
WM Healthcare Solutions [Member] · Operating Segments 129
WM Renewable Energy [Member] · Operating Segments 5 3 +66.7%
Show Consolidation Items breakouts
Intersegment Elimination -5 -5 0.0%
Operating Segments 670 530 +26.4%
Depreciation & Amortization 729 558 +30.6%
Show Business Segments breakouts
Collection and Disposal [Member] 528 491 +7.5%
Collection and Disposal [Member] · East Tier [Member] 287 263 +9.1%
Collection and Disposal [Member] · Other Ancillary [Member] 7 7 0.0%
Collection and Disposal [Member] · West Tier [Member] 234 221 +5.9%
Corporate And Other 28 25 +12.0%
Recycling Processing and Sales [Member] 47 33 +42.4%
WM Healthcare Solutions [Member] 110
WM Renewable Energy [Member] 16 9 +77.8%
Restructuring Charges 14 2 +600.0%
Gain Loss From Divestitures Asset Impairments And Unusual Items 213 6 +3450.0%
Total Costs & Expenses 5,454 4,490 +21.5%
Operating Income 989 1,119 -11.6%
Show Product Lines breakouts
Service · Collection and Disposal [Member] -19 -29 +34.5%
Show Business Segments breakouts
Collection and Disposal [Member] 1,468 1,426 +2.9%
Collection and Disposal [Member] · East Tier [Member] 740 718 +3.1%
Collection and Disposal [Member] · West Tier [Member] 728 708 +2.8%
Corporate And Other -342 -356 +3.9%
Recycling Processing and Sales [Member] -137 21 -752.4%
WM Healthcare Solutions [Member] -21
WM Healthcare Solutions [Member] · Intersegment Elimination 108
WM Renewable Energy [Member] 21 28 -25.0%
Interest Income Expense Nonoperating Net -225 -131 -71.8%
Income Loss From Equity Method Investments 4 1 +300.0%
Other Non-Operating Income (Expense) 7 6 +16.7%
Interest And Other Income Expense -214 -124 -72.6%
Income Before Taxes 775 995 -22.1%
Income Tax Expense (Benefit) 172 235 -26.8%
Net Income 603 760 -20.7%
Show Equity Components breakouts
Retained Earnings 603 760 -20.7%
Net Income 603 760 -20.7%
EPS (Basic) 1.5 1.89 -20.6%
EPS (Diluted) 1.49 1.88 -20.7%
Comprehensive Income 563 757 -25.6%
Wtd Avg Shares (Basic) 403 401.5 +0.4%
Wtd Avg Shares (Diluted) 404.3 403.2 +0.3%

Balance Sheet

Balance Sheet
Metric Q3 2025 Q3 2024 YoY
Current Assets
Cash & Cash Equivalents 175 614 -71.5%
Accounts Receivable 3,397 2,841 +19.6%
Other Receivables Net Current 620 284 +118.3%
Supplies 223 184 +21.2%
Other Assets Current 424 336 +26.2%
Total Current Assets 4,839 4,259 +13.6%
Non-Current Assets
Goodwill 13,894
Show Restatement breakouts
Restatement Adjustment · Stericycle [Member] 131
Show Business Acquisition breakouts
2025 Business Acquisitions [Member] 322
Stericycle [Member] 3,764
Restricted Cash And Investments Noncurrent 541 457 +18.4%
Other Non-Current Assets 1,601 995 +60.9%
Total Assets 45,608
Show Business Segments breakouts
All Other Segments · Operating Segments 808
Collection and Disposal [Member] · Operating Segments 28,821
Corporate And Other · Operating Segments 4,019
East Tier [Member] · Operating Segments 15,964
Recycling Processing and Sales [Member] · Operating Segments 2,710
West Tier [Member] · Operating Segments 12,049
WM Healthcare Solutions [Member] · Operating Segments 9,098
WM Renewable Energy [Member] · Operating Segments 1,879
Show Consolidated Entities breakouts
Variable Interest Entity Primary Beneficiary 138
Show Consolidation Items breakouts
Intersegment Elimination -919
Other Assets
Property Plant And Equipment And Finance Lease Right Of Use Asset After Accumulated Depreciation And Amortization 20,069 17,931 +11.9%
Intangible Assets Net Excluding Goodwill 3,873 742 +422.0%
Investments In Affiliates Subsidiaries Associates And Joint Ventures 791 524 +51.0%
Current Liabilities
Accounts Payable 2,082 1,853 +12.4%
Accrued Liabilities 2,077 1,651 +25.8%
Deferred Revenue (Current) 698 599 +16.5%
Debt Current 880
Total Current Liabilities 5,737 4,779 +20.0%
Commercial Paper (Q)
Show Debt Instrument breakouts
Commercial Paper Program [Member] 861
Non-Current Liabilities
Deferred Tax Liabilities 3,025 1,883 +60.6%
Accrued Capping Closure Post Closure And Environmental Costs Noncurrent 3,132 2,965 +5.6%
Other Non-Current Liabilities 1,712 1,154 +48.4%
Total Liabilities 36,088 26,758 +34.9%
Other Liabilities
Long Term Debt And Capital Lease Obligations 22,482
Stockholders' Equity
Common Stock 6 6 0.0%
Additional Paid In Capital Common Stock 5,640 5,485 +2.8%
Retained Earnings 16,823 15,563 +8.1%
Accumulated Other Comprehensive Income -31 -76 +59.2%
Treasury Stock Common Value -12,919 -12,999 +0.6%
Total Stockholders' Equity 9,519 7,979 +19.3%
Minority Interest 1 -7 +114.3%
Stockholders Equity Including Portion Attributable To Noncontrolling Interest 9,520 7,972 +19.4%
Show Equity Components breakouts
Accumulated Defined Benefit Plans Adjustment 5
Accumulated Gain Loss Net Cash Flow Hedge Parent 37
Accumulated Net Unrealized Investment Gain Loss 28
Accumulated Other Comprehensive Income -31 -76 +59.2%
Accumulated Translation Adjustment -101
Additional Paid In Capital 5,640 5,485 +2.8%
Common Stock 6 6 0.0%
Noncontrolling Interest 1 -7 +114.3%
Retained Earnings 16,823 15,563 +8.1%
Treasury Stock Common -12,919 -12,999 +0.6%
Total Liabilities & Equity 45,608 34,730 +31.3%

Cash Flow Statement

Cash Flow Statement
Metric YTD Q3 2025 YTD Q3 2024 YoY
Operating Activities
Deferred Income Taxes 241 65 +270.8%
Accretion Expense Including Asset Retirement Obligations 106 99 +7.1%
Provision For Doubtful Accounts And Other Credit Losses 61 37 +64.9%
Stock-Based Compensation 135 84 +60.7%
Gain Loss On Sale Of Property Plant Equipment -14 -72 +80.6%
Goodwill Impairment Loss (YTD)
Show Business Segments breakouts
All Other Segments · Oil recovery and sludge processing services [Member] 16
Gain Loss From Divestitures Asset Impairments And Other Noncash Portion 239 62 +285.5%
Income Loss From Equity Method Investments Net Of Dividends Or Distributions -11 -4 -175.0%
Increase Decrease In Accounts And Other Receivables -453 -230 -97.0%
Increase Decrease In Other Current Assets -75 -38 -97.4%
Increase Decrease In Other Noncurrent Assets 176 93 +89.2%
Increase Decrease In Accounts Payable And Accrued Liabilities 35 149 -76.5%
Increase Decrease In Deferred Revenue And Other Operating Liabilities -155 -128 -21.1%
Net Cash from Operations 4,345 3,879 +12.0%
Investing Activities
Payments To Acquire Businesses Net Of Cash Acquired -395 -782 +49.5%
Payments To Acquire Productive Assets -2,339 -2,116 -10.5%
Proceeds From Divestiture Of Businesses Net Of Cash Divested And Proceeds From Sales Of Assets Investing Activities 108 99 +9.1%
Other Investing Activities -73 -40 -82.5%
Net Cash from Investing -2,699 -2,839 +4.9%
Financing Activities
Proceeds From Issuance Of Long Term Debt And Capital Securities Net 14,956 10,914 +37.0%
Show Debt Instrument breakouts
Tax Exempt Bonds [Member] 252
Repayments Of Long Term Debt And Capital Securities -15,772 -10,619 -48.5%
Show Debt Instrument breakouts
3.125% senior notes due March 2025 [Member] -422
Financing leases and other [Member] -107
Tax Exempt Bonds [Member] -110
Payments Of Dividends Common Stock -1,001 -909 -10.1%
Proceeds From Stock Options Exercised 54 42 +28.6%
Tax Withholding for Share Compensation -50 -49 -2.0%
Proceeds From Payments For Other Financing Activities -17 -20 +15.0%
Net Cash from Financing -1,830 -903 -102.7%
Other Cash Flow
Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations 5 -2 +350.0%
Net Change in Cash -179 135 -232.6%
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents 308 687 -55.2%

Values in millions USD. Source: SEC EDGAR 10-Q filing.

This table is rendered from the same JSON returned by /api/financials.

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