WM (WM)
Operates collection routes, landfills, recycling plants, landfill-gas energy, and healthcare-waste services.
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Collects and disposes of commercial, industrial, and residential waste primarily across the United States and Canada, while processing recyclables and converting landfill gas into energy, with healthcare services extending into Western Europe. Owned transfer and landfill infrastructure keeps much of the waste stream within its network.
Collects commercial, industrial, and residential waste, routes it through transfer stations and landfills, processes recyclables, and converts landfill gas into renewable natural gas and electricity. Five reportable segments—Collection and Disposal East Tier, Collection and Disposal West Tier, Recycling Processing and Sales, Renewable Energy, and Healthcare Solutions—serve the United States and Canada, with healthcare operations also in Western Europe.
Owned disposal infrastructure links collection routes to transfer and landfill capacity, allowing more waste to remain inside the network. Healthcare Solutions adds regulated medical-waste and controlled-substance services plus secure information destruction, while recycling increasingly uses fee-for-service contracts to cover processing costs before commodity rebates.
Operations depend on permitted landfill airspace and compliance with environmental, transport, privacy, and healthcare-waste rules; recycling results retain exposure to recovered-commodity markets.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Jul 7, 2026 | CIBC | Upgrade | ||
| Jul 6, 2026 | CIBC | Upgrade | Target: $228 | Target: $244 |
| Jan 30, 2026 | Oppenheimer | Reiterate | Rating: —Target: $262 | Target: $264 |
| Jan 21, 2026 | Scotiabank | Downgrade | Target: $254 | Target: $250 |
| Jan 9, 2026 | UBS | Upgrade | Target: $165 | Target: $260 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $557.0M · Total debt $23.36B · Total assets $46.44B · Shareholders' equity $9.93B
- Revenue
- $6.68B
- Operating income
- $1.25B
- Net income
- $785.0M
HistoryDividendAnnual yield
| Institutions | 83.74% | 334.73M shares | |
|---|---|---|---|
| 2,427 holders · as of Jun 30, 2026 | |||
| Insiders | 9.00% | 35.97M shares | |
| 23 holders · as of Sep 8, 2026 | |||
| Strategic holders | 7.24% | 28.93M shares | |
| 1 holder · as of Nov 14, 2025 | |||
| Other | 0.02% | 84.1K shares | |
| remainder | |||
399.72M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
William H. Gates IIIInsider | 8.81% | 35.23M | filed Feb 14, 2022 |
BlackRock, Inc.Institution | 7.69% | 30.73M | as of Jun 30, 2026 |
Gates Foundation TrustStrategic | 7.24% | 28.93M | filed Nov 14, 2025 |
Bill & Melinda Gates Foundation TrustInstitution | 6.68% | 26.72M | as of Jun 30, 2026 |
Vanguard Capital Management LLCInstitution | 6.30% | 25.18M | as of Jun 30, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Sep 4, 2026 | John A. Carroll | officer: VP & Chief Accounting Officer | −1,365 | $219.90 |
| Jun 5, 2026 | Rafael Carrasco | officer: SVP of Enterprise Strategy | −2,655 | $220.47 |
| Mar 9, 2026 | Christopher P. DeSantis | officer: SVP Operations - East | −61 | $245.50 |
| Mar 9, 2026 | John A. Carroll | officer: VP & Chief Accounting Officer | −47 | $245.30 |
| Mar 9, 2026 | Johnson Varkey | officer: SVP-Chief Information Officer | −121 | $245.27 |
- Republic Services
WM's largest national rival — solid-waste collection, landfill, and recycling.
- Waste Connections
Third-largest North American hauler — rural exclusives, best-in-class margins.
- GFL
Fourth-largest North American environmental company — aggressive acquirer.
- Clean Harbors
North America's leading hazardous-waste and industrial services company.
- Casella Waste Systems
Regional eastern US solid-waste hauler — WM's direct northeastern rival.
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| WM | $207.38 | +0.16% | $82.76B | 29.3 | 24.3 | 3.2 | +4.0% |
| Republic Services | $214.54 | +0.28% | $65.82B | 30.3 | 28.2 | 3.9 | +4.6% |
| Waste Connections | $155.70 | +0.09% | $39.21B | 37.7 | 26.6 | 4.0 | +3.8% |
| GFL | $41.94 | −1.92% | $14.93B | — | 65.3 | 3.0 | +11.5% |
| Clean Harbors | $312.80 | +0.44% | $16.44B | 37.8 | 31.2 | 2.6 | +12.0% |
| Casella Waste Systems | $84.97 | −2.39% | $5.45B | 934.0 | 64.6 | 2.8 | +16.9% |
| Median | 37.7 | 31.2 | 3.0 | +11.5% |