Waste Management, Inc. (WM)

As of July 18, 2025, Waste Management's share price was $227.32, representing a 2.03% increase from July 19, 2024. Key events impacting the stock include Q1 2025 earnings, where adjusted EPS beat estimates by 5.31%. The acquisition of Stericycle for $7.2 billion is expected to significantly increase revenue, earnings, and free cash flow for WM in 2025, with anticipated synergies of $300 million. At an investor day on June 24, 2025, Waste Management projected revenue between $25.55 billion and $25.8 billion for 2025 and adjusted operating EBITDA between $7.45 billion and $7.65 billion. Analyst revisions over the past three months have revised FY2025 revenue and EPS downward by -0.29% and -0.4% respectively.

Waste Management's revenues experience considerable fluctuations due to seasonality. Revenues in the first and fourth quarters are typically lower than in the second and third quarters because construction and demolition waste volumes, as well as industrial and residential waste volumes, are generally lower during periods outside of summer. The company anticipates a "seasonal uptick" in business during certain periods.

Waste Management, Inc. (WM) is a leading provider of comprehensive waste management and environmental services in North America, operating within the Services sector and Environmental Services industry. The company offers collection services including curbside pickup and dumpster rental, recycling services processing various materials, landfill operations with investments in landfill gas-to-energy projects, renewable energy production from landfill gas, sustainability and consulting services, and WM Healthcare Solutions, which includes regulated waste and compliance services and secure information destruction services.

Waste Management, Inc. operates extensively across North America, serving customers in the United States, Canada, and Puerto Rico. The company has a vast network that includes 337 transfer stations, 254 active landfill disposal sites, 97 recycling plants, 135 beneficial-use landfill gas projects, and six independent power production plants. As of 2023, WM had direct waste collection contracts with 2,325 municipalities in the United States and serves approximately 20 million residential and 5.1 million commercial customers.

Waste Management has consistently maintained a strong positive brand reputation, particularly in sustainability and ethics. The company has been recognized on Fortune magazine's "World's Most Admired Companies" list and named one of the "World's Most Ethical Companies" by Ethisphere for the 14th time in March 2023. There is no information indicating specific negative events that have significantly affected its brand reputation in the past year.

Waste Management is primarily owned by institutional shareholders (79.44%), with smaller percentages held by retail investors (19.49%) and Waste Management insiders (1.07%). Major institutional owners include Vanguard Group Inc. (9.29%), Bill & Melinda Gates Foundation Trust (8.01%), BlackRock, Inc. (7.50%), State Street Corp (4.61%), Geode Capital Management LLC (2.12%), Morgan Stanley (1.83%), Parnassus Investments LLC (1.47%), and Ameriprise Financial Inc (1.32%).