Waste Management Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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
Revenue	25,204	22,063	20,426	19,698	17,931
Revenue Growth (YoY)	14.24%	8.01%	3.70%	9.85%	17.83%
Cost of Revenue	15,012	13,383	12,606	12,294	11,111
Gross Profit	10,192	8,680	7,820	7,404	6,820
Selling, General & Admin	2,722	2,264	1,926	1,938	1,864
Depreciation & Amortization Expenses	2,863	2,267	2,071	2,038	1,999
Other Operating Expenses	299	86	248	63	-8
Operating Income	4,308	4,063	3,575	3,365	2,965
Interest Expense	-912	-598	-500	-378	-365
Other Non-Operating Income (Expense)	30	-7	-54	-69	-251
Total Non-Operating Income (Expense)	-882	-605	-554	-447	-616
Pretax Income	3,426	3,458	3,021	2,918	2,349
Provision for Income Taxes	717	713	745	678	532
Net Income	2,708	2,746	2,304	2,238	1,816
Minority Interest in Earnings	1	-1	-28	2	1
Net Income to Common	2,708	2,746	2,304	2,238	1,816
Net Income Growth	-1.38%	19.18%	2.95%	23.24%	21.39%
Shares Outstanding (Basic)	403	402	405	413	420
Shares Outstanding (Diluted)	404	403	407	415	423
Shares Change (YoY)	0.20%	-0.86%	-1.95%	-1.87%	-0.52%
EPS (Basic)	6.72	6.84	5.69	5.42	4.32
EPS (Diluted)	6.70	6.81	5.66	5.39	4.29
EPS Growth	-1.62%	20.32%	5.01%	25.64%	21.88%
Free Cash Flow	2,816	2,159	1,824	1,949	2,434
Free Cash Flow Growth	30.43%	18.37%	-6.41%	-19.93%	37.44%
Free Cash Flow Per Share	6.97	5.35	4.48	4.70	5.76
Dividends Per Share	3.300	3.000	2.800	2.600	2.300
Dividend Growth	10.00%	7.14%	7.69%	13.04%	5.50%
Gross Margin	40.44%	39.34%	38.28%	37.59%	38.03%
Operating Margin	17.09%	18.42%	17.50%	17.08%	16.54%
Profit Margin	10.75%	12.44%	11.14%	11.37%	10.13%
FCF Margin	11.17%	9.79%	8.93%	9.89%	13.57%
EBITDA	7,171	6,330	5,646	5,403	4,964
EBITDA Margin	28.45%	28.69%	27.64%	27.43%	27.68%
EBIT	4,308	4,063	3,575	3,365	2,965
EBIT Margin	17.09%	18.42%	17.50%	17.08%	16.54%
Effective Tax Rate	20.93%	20.62%	24.66%	23.24%	22.65%

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