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Waste Management Inc

Waste Management Inc

WM
$213.46USD↓-0.61%-1.31 today

MARKET CAP

85.3B

P/E (TTM)

27.7x

FWD P/E

24.4x

DAY RANGE

$213 – $215

52W RANGE

$194
$248

AI Summary

Stalk
StalkMedium

WM is in a markdown phase with lower highs and lower lows, trading below falling EMAs and pressing into a support zone around 214–218. The active bearish pivot point indicates failed upside control and ongoing structural repair, while extreme oversold conditions offer a tactical mean-reversion opportunity. Medium-term bias is set to bullish under mean-reversion eligibility, but short-term execution readiness remains neutral awaiting clearer bounce confirmation. Focus on potential pullbacks into the 214–218 support area for deferred entry.

  • ↑19% YoY operating EBITDA growth in Q2 with margins at 30.6%
  • ↑Renewable energy EBITDA doubled after commissioning seven RNG facilities
  • ↓Negative earnings yield highlights weak return generation amid rising costs
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The case for & against

Bull & Bear analysis

Bullish

Waste Management, Inc. (NYSE: WM) is the leading provider of waste management services across North America, specializing in waste collection, recycling, and disposal. The company positions itself prominently within the ongoing shift towards sustainability in waste practices, including ventures in renewable energy. WM's strong integrated model enables it to optimize operations, maintain key customer relationships, and capitalize on emerging opportunities, particularly in the healthcare and recycling sectors.

Bull says

  • ↑19% YoY operating EBITDA growth in Q2 with margins at 30.6%
  • ↑Renewable energy EBITDA doubled after commissioning seven RNG facilities
  • ↑Free cash flow up 9% in H1 to $2.75 B; projected $3.8 B by 2026
  • ↑Healthcare acquisition targeting $100 M synergies enhances service mix
  • ↑Over 90% of FCF returned via dividends and buybacks
  • ↑High dividend yield and robust market presence bolster shareholder returns

Bear says

  • ↓Negative earnings yield highlights weak return generation amid rising costs
  • ↓3.5× debt leverage increases interest rate and refinancing risk
  • ↓Regulatory shifts in tax credits cut 30 bp of renewable energy EBITDA
  • ↓35% YoY drop in recycling commodity prices adds revenue volatility
  • ↓Healthcare integration risks may delay realization of $100 M synergies
  • ↓Elevated price volatility and weak growth indicators warrant caution

Investment themes with WM

High Dividend Yield↓ -0.51%

Companies paying above-average dividends

AVGO · JPM · XOM

Earnings Call · Q2 2025 · Mgmt. Guidance

Updated 07-31-2026bullish

Transcript signals

Bull points

  • energized by WM's strategy, which combines our unreplicable core business with new platforms for growth, generating consistent long-term value for years to come.
  • no better evidence of our power of our growth engine than our 19% operating EBITDA growth in the second quarter.
  • continue to identify opportunities to scale the core business through acquisitions. In the quarter, we completed the acquisition of a regional solid waste player in the Washington, D.C. area, adding complementary operations in a key geography and adding a great team to our existing WM operations.

Bear points

  • Revenue for the year will be about 1% below our initial expectations due to a couple of factors outside of our control, recycled commodity prices and the harsh winter weather of the first quarter.
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