Financials in USD. Standardized financial statements.
A compact view of how Waste Management, Inc. turns revenue into operating income and net income.
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue? | $25.20B | $22.06B | $20.43B | $19.70B | $17.93B | $15.22B | $15.46B | $14.91B | $14.48B | $13.61B |
| Revenue Growth? | +14.2% | +8.0% | +3.7% | +9.9% | +17.8% | -1.5% | +3.6% | +3.0% | +6.4% | 0.0% |
| Cost of Revenue? | $17.88B | $15.65B | $14.68B | $14.33B | $13.11B | $11.01B | $11.07B | $10.73B | $10.40B | $9.79B |
| Gross Profit? | $7.33B | $6.41B | $5.75B | $5.37B | $4.82B | $4.21B | $4.38B | $4.19B | $4.09B | $3.82B |
| Gross Margin? | +29.1% | +29.1% | +28.1% | +27.2% | +26.9% | +27.6% | +28.4% | +28.1% | +28.2% | +28.1% |
| Operating Expenses? | $2.72B | $2.26B | $1.93B | $1.93B | $1.81B | $1.73B | $1.63B | $1.45B | $1.47B | $1.41B |
| Operating Income? | $4.61B | $4.15B | $3.82B | $3.44B | $3.01B | $2.48B | $2.75B | $2.73B | $2.62B | $2.41B |
| EBITDA? | $7.20B | $6.46B | $5.72B | $5.45B | $4.82B | $4.09B | $4.19B | $4.31B | $4.01B | $3.58B |
| Income Before Tax | $3.43B | $3.46B | $3.02B | $2.92B | $2.35B | $1.89B | $2.10B | $2.38B | $2.19B | $1.82B |
| Income Tax Expense | $717.00M | $713.00M | $745.00M | $678.00M | $532.00M | $397.00M | $434.00M | $453.00M | $242.00M | $642.00M |
| Net Income? | $2.71B | $2.75B | $2.30B | $2.24B | $1.82B | $1.50B | $1.67B | $1.93B | $1.95B | $1.18B |
| EPS? | $6.72 | $6.84 | $5.69 | $5.42 | $4.32 | $3.54 | $3.93 | $4.49 | $4.44 | $2.66 |
| Diluted EPS? | $6.70 | $6.81 | $5.66 | $5.39 | $4.29 | $3.52 | $3.91 | $4.45 | $4.41 | $2.65 |
Revenue, profitability, margins, EPS, and share-count trends over time.
Top-line demand and scale over time
Profit left after direct production costs
Core business profitability before financing and tax
Bottom-line profit after all expenses
Profit allocated to each diluted share
Share count trend that affects EPS quality
Gross, operating, and net margin quality