Industrials · Environmental & Facilities Services
Waste Management: revenue, profit and dividends
In fiscal 2025, Waste Management had revenue of $25.2B, up 6.9% a year on average since 2015, and net income of $2.71B (10.7% of revenue). Its dividend per share has gone up 18 years in a row, to $3.30. It has 11% fewer shares than in 2015.
Revenue, fiscal 2025
average annual revenue growth since 2015 · +14.2% vs 2024
- Ticker
- WM · NYSE
- Sector
- Industrials
- Sub-industry
- Environmental & Facilities Services
- Headquarters
- Houston, Texas
- Founded
- 1968
- In the S&P 500 since
- August 31, 1998
- Latest fiscal year
- 2025, ended December 31, 2025
- SEC filer
- Waste Management Inc · CIK 0000823768
Revenue and net income
Revenue went from $13.3B in 2007 to $25.2B in 2025.
Diluted earnings per share
Diluted EPS went from $2.23 in 2007 to $6.70 in 2025. Ten-year growth: 15.0% a year.
Dividends per share
Raised every year in the data: 18 years in a row, from 2008 to 2025. Ten-year growth: 7.9% a year.
Shares outstanding
11.3% fewer shares in 2025 than in 2015 (456M → 404M): buybacks outweighed new shares.
Operating cash flow, capex and free cash flow
Free cash flow (operating cash flow minus capital expenditure) was $2.82B in 2025, 11.2% of revenue.
The chart data could not be loaded. The table below has the same figures.
Year by year
| Fiscal year | Revenue | Net income | Net margin | Diluted EPS | Dividend | Shares | Operating cash flow | Capex | Free cash flow |
|---|---|---|---|---|---|---|---|---|---|
| 2025 | $25.2B | $2.71B | 10.7% | $6.70 | $3.30 | 404M | $6.04B | $3.23B | $2.82B |
| 2024 | $22.1B | $2.75B | 12.4% | $6.81 | $3.00 | 403M | $5.39B | $3.23B | $2.16B |
| 2023 | $20.4B | $2.3B | 11.3% | $5.66 | $2.80 | 407M | $4.72B | $2.9B | $1.82B |
| 2022 | $19.7B | $2.24B | 11.4% | $5.39 | $2.60 | 415M | $4.54B | $2.59B | $1.95B |
| 2021 | $17.9B | $1.82B | 10.1% | $4.29 | $2.30 | 423M | $4.34B | $1.9B | $2.43B |
| 2020 | $15.2B | $1.5B | 9.8% | $3.52 | $2.18 | 425M | $3.4B | $1.63B | $1.77B |
| 2019 | $15.5B | $1.67B | 10.8% | $3.91 | $2.05 | 428M | $3.87B | $1.82B | $2.06B |
| 2018 | $14.9B | $1.93B | 12.9% | $4.45 | $1.86 | 432M | $3.57B | $1.69B | $1.88B |
| 2017 | $14.5B | $1.95B | 13.5% | $4.41 | $1.70 | 442M | $3.18B | $1.51B | $1.67B |
| 2016 | $13.6B | $1.18B | 8.7% | $2.65 | $1.64 | 446M | $3.0B | $1.34B | $1.66B |
| 2015 | $13B | $753M | 5.8% | $1.65 | $1.54 | 456M | $2.53B | $1.23B | $1.29B |
| 2014 | $14B | $1.3B | 9.3% | $2.79 | $1.50 | 466M | $2.33B | $1.15B | $1.18B |
| 2013 | $14B | $98M | 0.7% | $0.21 | $1.46 | 470M | $2.46B | $1.27B | $1.18B |
| 2012 | $13.6B | $817M | 6.0% | $1.76 | $1.42 | 464M | $2.29B | $1.51B | $785M |
| 2011 | $13.4B | $961M | 7.2% | $2.04 | $1.36 | 471M | $2.47B | $1.32B | $1.15B |
| 2010 | $12.5B | $953M | 7.6% | $1.98 | $1.26 | 482M | $2.27B | $1.1B | $1.17B |
| 2009 | $11.8B | $994M | 8.4% | $2.01 | $1.16 | 494M | $2.36B | $1.18B | $1.18B |
| 2008 | $13.4B | $1.09B | 8.1% | $2.19 | $1.08 | 495M | $2.58B | $1.22B | $1.35B |
| 2007 | $13.3B | $1.16B | 8.7% | $2.23 | $0.96 | — | $2.44B | $1.21B | $1.23B |
Fiscal years, labelled by the year in which they end. US dollars; per-share figures and share counts adjusted for splits. —: not in the data.
About these figures
- Older years are as filed at the time and may predate later restatements, mergers or spin-offs. How the figures are made.
Other Environmental & Facilities Services companies
Source: SEC EDGAR (company filings), data as of November 8, 2026. Sectors, sub-industries, headquarters and index dates: Wikipedia, CC BY-SA 4.0.