WMWASTE MANAGEMENT INC
Refuse Systems
- Revenue
- $25.2B
- 14% YoY
- Operating margin
- 17.1%
- 7.2% YoY
- EBITDA
- $7.2B
- 13% YoY
- Market cap
- —
- Employees
- —
- Net debt / EBITDA
- 3.0×
- $21.6B net debt
- AI in 10-K
- —
Red flags 0 of 9
- TSR below peersClear—3+ of last 5 years
- High CEO pay despite TSRClear—Median CEO pay ≥ $15M and TSR flag
- Active 13DClear0 filingsActive-intent 13D in 18 months
- Net insider sellingClear$0 netNet sales over $10M in 12 months
- Earnings not backed by cashClear223% of net incomeCash flow under 80% of net income
- Dilutive SBCClear1% of revenueOver 10% of revenue
- Payouts exceed cash flowClear26% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyClear30% of assetsOver 40% of assets
- Shareholder dissentClear—Any vote under 80% support
Financials
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $17.9B | $19.7B | $20.4B | $22.1B | $25.2B | 14% |
| Operating income | $3.0B | $3.4B | $3.6B | $4.1B | $4.3B | 6.0% |
| Net income | $1.8B | $2.2B | $2.3B | $2.7B | $2.7B | 1.4% |
| Operating cash flow | $4.3B | $4.5B | $4.7B | $5.4B | $6.0B | 12% |
| Capex | $2.0B | $2.8B | $2.9B | $3.2B | $3.2B | 0.1% |
| Stock-based comp | $108M | $84M | $93M | $118M | $169M | 43% |
| Buybacks | $1.4B | $1.5B | $1.3B | $262M | — | |
| Dividends | $970M | $1.1B | $1.1B | $1.2B | $1.3B | 10% |
Deal filings
None.
13D filers
None on file.
Insider trading
- Open-market buys, 12 mo
- $0 · 0
- Open-market sells, 12 mo
- $2M · 4
- Net
- −$2M
Pay vs performance
No pay-versus-performance disclosure yet.