Waste Management, Inc. (WM) Financial Statements
Waste Management financial statements at a glance
Waste Management reported revenue of $25.20 billion for fiscal year 2025 (ended December 31, 2025), up 14.2% from fiscal year 2024. Net income was $2.71 billion, a net margin of 10.7%.
At the end of fiscal year 2025 it had total assets of $45.84 billion, total liabilities of $35.85 billion and shareholders' equity of $9.99 billion, with total debt of $22.91 billion.
Its operations brought in $6.04 billion of cash.
The tables below show the income statement, balance sheet and cash flow statement; the key figures of the last 5 fiscal years are at the bottom of the page.
Figures from company filings, in USD; latest fiscal year ended December 31, 2025.
Waste Management, Inc.
Income Statement
Annual • USD
Waste Management key figures by fiscal year
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Revenue | $25.2B | $22.1B | $20.4B | $19.7B | $17.9B |
| Gross profit | $10.2B | $8.7B | $7.8B | $7.4B | $6.8B |
| Operating income | $4.3B | $4.1B | $3.6B | $3.4B | $3.0B |
| Net income | $2.7B | $2.7B | $2.3B | $2.2B | $1.8B |
| Diluted EPS | – | – | – | – | $4.29 |
| Total assets | $45.8B | $44.6B | $32.8B | $31.4B | $29.1B |
| Total liabilities | $35.8B | $36.3B | $25.9B | $24.5B | $22.0B |
| Shareholders' equity | $10.0B | $8.3B | $6.9B | $6.8B | $7.1B |
| Cash | – | – | – | – | $118.0M |
| Total debt | $22.9B | $23.9B | $16.2B | $15.0B | $13.4B |
| Operating cash flow | $6.0B | $5.4B | $4.7B | $4.5B | $4.3B |
| Capital spending | – | – | – | – | $1.9B |
| Free cash flow | – | – | – | – | $2.4B |
In USD. Fiscal years as reported by the company; statements on this page go back to fiscal year 2021.
Questions and answers
What was Waste Management's revenue in fiscal year 2025?
$25.20 billion, up 14.2% from $22.06 billion in fiscal year 2024.
How much profit does Waste Management make?
Waste Management reported net income of $2.71 billion for fiscal year 2025 (10.7% of revenue); operating income was $4.31 billion.
How much cash and debt does Waste Management have?
At the end of fiscal year 2025: total debt of $22.91 billion.
