Waste Management Ratios and Metrics

Market cap in millions BRL. Fiscal year is January - December.

Millions BRL. Fiscal year is Jan - Dec.

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 9, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Market Cap	492,925	470,397	430,478	382,037	340,000	369,021
Market Cap Growth	-8.30%	9.27%	12.68%	12.36%	-7.86%	39.29%
Enterprise Value	618,272	587,271	548,059	464,023	415,631	435,869
PE Ratio	33.05	32.79	29.63	31.64	29.11	38.90
Forward PE	28.35	27.23	25.74	27.40	26.22	30.82
PEG Ratio	-	2.54	2.08	2.28	2.24	2.34
PS Ratio	3.55	3.51	3.67	3.52	3.25	3.87
PB Ratio	8.96	8.86	9.82	10.42	9.34	9.75
P/TBV Ratio	24.52	8.89	9.87	10.56	9.51	9.91
P/FCF Ratio	31.78	31.44	37.53	39.42	32.83	28.53
P/OCF Ratio	14.81	14.65	15.03	15.24	14.11	16.01
EV/Sales Ratio	4.64	4.39	4.68	4.28	3.97	4.57
EV/EBITDA Ratio	14.63	15.41	16.29	15.47	14.48	16.53
EV/EBIT Ratio	24.86	25.66	25.39	24.43	23.25	27.67
EV/FCF Ratio	39.86	39.25	47.78	47.88	40.14	33.70
Debt / Equity Ratio	2.22	2.22	2.73	2.30	2.12	1.78
Debt / EBITDA Ratio	3.19	3.19	3.78	2.87	2.77	2.70
Debt / FCF Ratio	8.14	8.14	11.07	8.90	7.69	5.51
Net Debt / Equity Ratio	2.27	2.27	2.85	2.29	2.14	1.87
Net Debt / EBITDA Ratio	3.17	3.17	3.71	2.79	2.71	2.68
Net Debt / FCF Ratio	8.06	8.06	10.88	8.65	7.51	5.46
Asset Turnover	0.56	0.56	0.57	0.64	0.65	0.61
Inventory Turnover	69.66	69.66	70.62	74.81	82.23	85.80
Quick Ratio	0.77	0.77	0.66	0.79	0.71	0.65
Current Ratio	0.89	0.89	0.76	0.90	0.81	0.75
Return on Equity (ROE)	29.70%	29.70%	36.24%	33.08%	32.02%	24.92%
Return on Assets (ROA)	7.54%	7.54%	8.34%	8.39%	8.54%	7.85%
Return on Invested Capital (ROIC)	8.36%	8.36%	9.35%	9.50%	9.60%	8.74%
Return on Capital Employed (ROCE)	10.96%	10.96%	12.15%	12.87%	12.95%	11.67%
Earnings Yield	3.03%	3.05%	3.37%	3.16%	3.44%	2.57%
FCF Yield	3.15%	3.18%	2.66%	2.54%	3.05%	3.50%
Dividend Yield	1.03%	1.51%	1.49%	1.57%	1.66%	1.38%
Payout Ratio	49.26%	49.26%	44.06%	49.31%	48.12%	53.41%
Buyback Yield / Dilution	-0.01%	-0.01%	0.32%	1.79%	2.34%	1.89%
Total Shareholder Return	1.02%	1.50%	1.82%	3.36%	4.00%	3.27%

Updated Dec 31, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.