What is the 13F Pro Quality Score for WM?

13F Pro ranks WASTE MANAGEMENT INC (WM) on the 13F Pro Quality Score, a 0–100 composite of 32 fundamental signals including return on invested capital, free cash flow consistency, balance-sheet strength, earnings quality, growth durability, and valuation discipline. The score refreshes after each 10-K and 10-Q filing on SEC EDGAR. View WM's current score at https://13fpro.ai/research/WM (free sign-up required for the full ranking).

Which hedge funds own the most WM stock?

Based on the most recent Form 13F-HR filings on SEC EDGAR, the largest reported institutional holders of WM include BlackRock,, GATES FOUNDATION, VANGUARD CAPITAL MANAGEMENT. Holdings are reported quarterly within 45 days of quarter-end and updated on https://13fpro.ai/research/WM as soon as new 13F filings post.

Where does 13F Pro source WM data?

All WASTE MANAGEMENT INC fundamentals and ownership data come directly from SEC EDGAR. WASTE MANAGEMENT INC files with the SEC under CIK 823768. 13F Pro ingests XBRL financial facts from 10-K and 10-Q filings, Form 13F-HR institutional holdings, and Form 4 insider transactions, with no third-party rewrites or estimates.

What sector is WM in?

WASTE MANAGEMENT INC (WM) is classified in the Utilities sector. 13F Pro publishes sector-level fund flow analysis and quality leaders at https://13fpro.ai/research/sector/utilities.

What drives WM's revenue?

Per WASTE MANAGEMENT INC's latest 10-Q filed with the SEC on 2026-04-29, the biggest revenue drivers are: Collection and Disposal ($5,081M, +3.9% YoY); Healthcare Solutions ($614M, -2.1% YoY); Recycling Processing and Sales ($368M, -4.2% YoY). Figures are extracted from the filing text and machine-verified against the document. Full breakdown at https://13fpro.ai/research/WM.

What are WM's largest expenses?

WASTE MANAGEMENT INC's latest 10-Q reports these as the largest expense items: Operating expenses ($3,694M, +2.3% YoY); Selling, general and administrative ($707M, +2.9% YoY); Depreciation, depletion, amortization and accretion ($735M, +6.4% YoY). Sourced directly from SEC EDGAR filing text for Q1 2026 (quarter ended March 31, 2026).

How often is WM research updated on 13F Pro?

WM's fundamentals refresh within hours of each new 10-K or 10-Q filing on SEC EDGAR. Institutional ownership updates after each quarterly 13F filing window. Insider transactions update after each Form 4 filing. The 13F Pro Quality Score recalculates after every fundamentals refresh.

WASTE MANAGEMENT INC(WM)Stock Analysis

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13F Pro Quality Score

70.7/100

Rank #295 of 2,879 stocksTOP 25%

View Utilities peers →

Rankings refresh quarterly once 80% of peers have filed (~45 days after quarter-end). Next update: ~Aug 14, 2026.

Revenue Growth

67.1/100

Profitability

63.1/100

Balance Sheet

74.4/100

Earnings Quality

43.9/100

Free Cash Flow

66.5/100

Institutional Flow

74.4/100

Revenue Scale

94.5/100

Dilution Risk

68.1/100

WM Stock Analysis & AI Quality Score

AI stock analysis and institutional research for WASTE MANAGEMENT INC (WM), a Utilities sector company. 13F Pro's AI-powered ranking engine scores WM at 70.7/100 on a 32-signal composite quality model, placing it at rank #295 of 2,879 stocks — the top 25% of the AI-ranked universe. WM scores in the top quartile across revenue scale (94.5). Based on the latest XBRL financial filings (Q1 2026), WASTE MANAGEMENT INC reports quarterly revenue of $6.2B, net income of $723.0M, an operating margin of 17.9%. Top institutional holders of WM by reported 13-F value include BlackRock,, GATES FOUNDATION, VANGUARD CAPITAL MANAGEMENT, based on the most recent SEC filings. WM trades on the NYSE exchange and files with the SEC under CIK 823768. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate WM daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for WASTE MANAGEMENT INC directly from SEC EDGAR. WASTE MANAGEMENT INC's 13F Pro composite quality score has ranged between 8 and 77 since 2021, currently 70.7 — an improving long-term trajectory across 56 quarterly and live scoring snapshots.

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Fun facts about WASTE MANAGEMENT INC

Quirks, history, and lore behind WM — the kind of stuff that makes a stock memorable.

1
The Basics
U.S. large-cap company · listed on the NYSE · headquartered in Houston, Texas · operates across all 50 states.
2
The Numbers
Pulls in roughly $20 billion a year in revenue and serves about 20 million customers — mostly by picking up what those customers would rather never think about again.
3
The History
Founded in 1968 in Chicago, it grew into a giant through aggressive acquisitions of small local operators, eventually becoming the undisputed heavyweight of its unglamorous industry.
4
The Secret
The real money isn't just hauling stuff away — it's in owning the landfills where it all ends up, a quietly brilliant vertical integration most people never think about.
5
The Lore
It operates the largest network of landfill-gas-to-energy projects in North America, turning your old pizza boxes into electricity — which is either poetic or deeply ironic.
6
The Giveaway
That green and yellow truck that wakes you up every Tuesday morning has been doing it longer than you've lived in your house — and its ticker is just two letters: WM.

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What's Driving WM's Business? Latest 10-Q Breakdown

AI-extracted from WASTE MANAGEMENT INC's 10-Q filed 2026-04-29 — Q1 2026 (quarter ended March 31, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.

WM revenue grew 3.5% to $6.2B on pricing strength in core waste operations, though offset by lower recycling commodity prices and collection volume declines from winter weather.

Biggest Revenue Drivers

Total revenue: $6,227M+3.5% YoY

Collection and Disposal$5,081M+3.9% YoY

Higher yield from price increases and mix; partially offset by volume declines from harsh winter weather and intentional shedding of lower-margin business.

Healthcare Solutions$614M-2.1% YoY

Pricing gains offset by volume declines in waste and compliance services.

Recycling Processing and Sales$368M-4.2% YoY

Automation and facility investments offset by 27% decline in single-stream commodity prices versus prior year.

Largest Expense Items

Operating expenses$3,694M+2.3% YoY

Annual wage increases, higher employee medical costs, and fuel prices; partially offset by lower volumes and efficiency initiatives.

Selling, general and administrative$707M+2.9% YoY

Higher technology spend, bad debt expense, and labor costs.

Depreciation, depletion, amortization and accretion$735M+6.4% YoY

New capital assets in sustainability projects and changes in landfill depletion rates.

Margins: Operating margin expanded to 17.9% from 16.8%, despite cost inflation, due to higher pricing yield in core waste operations and operational efficiency gains offsetting higher labor and fuel costs.

Watch Items from the Filing

Recycling commodity prices declined ~27% for single-stream materials YoY; RNG prices also fell, pressuring margin in commodity-sensitive segments despite automation investments.
Healthcare Solutions segment loss improved to $(14)M from $(25)M, but still unprofitable; integration ongoing with synergy realization cited as driver of improvement.
Debt maturity schedule: ~$3.7B due within 12 months, including $1.8B in tax-exempt bonds with interest rate resets; classified $3.1B as long-term based on refinancing intent via $3.5B revolving credit facility.
Capital expenditures declined to $650M from $831M YoY, driven by lower vehicle spend and transition from peak construction to harvesting returns in renewable energy projects; potential signal of moderating growth investment.
San Jacinto waste pit environmental remediation liability remains ~$100M; ultimate exposure uncertain pending EPA's unilateral administrative order in 2026.

AI-extracted and verified against SEC EDGAR filing text. Not investment advice.

Read the full 10-Q on SEC EDGAR →Share on X

Revenue

Q1 2026

$6.2B

Net Income

Q1 2026

$723.0M

Free Cash Flow

Q1 2026

$851.0M

Operating Margin

Q1 2026

17.9%

ROIC

Q1 2026

3.5%

D/E Ratio

Q1 2026

2.28

Revenue & Net Income

Earnings Per Share

Key Financials Over Time

Export Financial Table · Pro+

Revenue

+14.2% YoY

$25.20BFY 2025

FY21 $17.93BFY23 $20.43BFY24 $22.06BFY25 $25.20B

Net Income

-1.4% YoY

$2.71BFY 2025

FY21 $1.82BFY23 $2.30BFY24 $2.75BFY25 $2.71B

Operating Income

+6.0% YoY

$4.31BFY 2025

FY21 $2.96BFY23 $3.58BFY24 $4.06BFY25 $4.31B

EPS (Diluted)

-1.6% YoY

$6.70FY 2025

FY21 $4.29FY23 $5.66FY24 $6.81FY25 $6.70

Total Assets

+2.8% YoY

$45.84BFY 2025

FY21 $29.10BFY23 $32.82BFY24 $44.57BFY25 $45.84B

Total Debt

-4.2% YoY

$22.91BFY 2025

FY21 $13.40BFY23 $16.23BFY24 $23.90BFY25 $22.91B

Op. Cash Flow

+12.1% YoY

$6.04BFY 2025

FY21 $4.34BFY23 $4.72BFY24 $5.39BFY25 $6.04B

Metric	FY 2025	FY 2024	FY 2023	FY 2021	FY 2020	FY 2018
Revenue	$25.20B +14.2%	$22.06B +8.0%	$20.43B +13.9%	$17.93B +17.8%	$15.22B +2.0%	$14.91B
Net Income	$2.71B -1.4%	$2.75B +19.2%	$2.30B +26.9%	$1.82B +21.4%	$1.50B -22.3%	$1.93B
Operating Income	$4.31B +6.0%	$4.06B +13.7%	$3.58B +20.6%	$2.96B +21.8%	$2.43B -12.7%	$2.79B
EPS (Diluted)	$6.70 -1.6%	$6.81 +20.3%	$5.66 +31.9%	$4.29 +21.9%	$3.52 -20.9%	$4.45
Total Assets	$45.84B +2.8%	$44.57B +35.8%	$32.82B +12.8%	$29.10B -0.8%	$29.34B +29.6%	$22.65B
Total Debt	$22.91B -4.2%	$23.90B +47.3%	$16.23B +21.1%	$13.40B -2.9%	$13.81B +37.7%	$10.03B
Operating Cash Flow	$6.04B +12.1%	$5.39B +14.2%	$4.72B +8.8%	$4.34B +27.5%	$3.40B -4.7%	$3.57B

AI Insight: WM Financial Trends

Revenue growth has stalled with Q1 2026 declining 1.4% sequentially to $6,227M after peaking at $6,443M in Q3 2025.

• Revenue grew 19.0% year-over-year from $5,402M in Q2 2024 to $6,430M in Q2 2025, but momentum has faded.

• Operating cash flow strengthened 47.1% year-over-year from $1,154M in Q2 2024 to $1,698M in Q4 2025.

• Total debt increased significantly from $16,743M in Q2 2024 to $22,891M in Q1 2026, up 36.7%.

⚠ Revenue declined two consecutive quarters from Q3 2025 peak of $6,443M to $6,227M in Q1 2026.

⚠ Operating cash flow volatility with Q1 2026 dropping 11.6% sequentially to $1,501M from Q4 2025.

AI Insight: WM Ratio Trends

Operating margins compressed from peak 20.0% in Q3 2024 to 17.9% in Q1 2026, with leverage remaining elevated above 2x despite gradual improvement.

• Operating margin declined from 20.0% in Q3 2024 to 17.9% in Q1 2026, marking a 210bp contraction from peak levels.

• ROIC fell from 18.2% in Q3 2024 to 13.5% in Q1 2026, representing a 470bp deterioration in capital efficiency.

• Debt-to-equity ratio improved from peak 2.90 in Q4 2024 to 2.28 in Q1 2026, showing gradual deleveraging progress.

⚠ Q3 2025 showed sharp margin compression to 15.3% operating margin and 25.3% ROE, the lowest levels in the dataset.

⚠ Leverage remains elevated at 2.28x despite improvement, still above the 2.09x low achieved in Q3 2024.

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Available Research

13F Pro tracks comprehensive data for WASTE MANAGEMENT INC including:

SEC EDGAR filings (10-K, 10-Q, 8-K)

XBRL financial facts (revenue, EPS, margins)

Insider transactions (Form 4)

Institutional 13F holdings

Quality rankings (32 signals)

AI analyst debates & daily meetings

Historical financial trends

Peer comparison & sector analysis

Top Institutional Holders of WM

BlackRock, Inc.
$6.9B30,198,865 sh
GATES FOUNDATION TRUST
$6.4B27,642,344 sh
VANGUARD CAPITAL MANAGEMENT LLC
$5.8B25,169,513 sh
STATE STREET CORP
$4.0B17,501,722 sh
VANGUARD PORTFOLIO MANAGEMENT LLC
$2.4B10,236,665 sh
GEODE CAPITAL MANAGEMENT, LLC
$2.1B9,191,350 sh
Capital Research Global Investors
$2.0B8,732,043 sh
AMERIPRISE FINANCIAL INC
$1.7B7,427,407 sh
MORGAN STANLEY
$1.6B7,077,170 sh
PARNASSUS INVESTMENTS, LLC
$1.1B4,981,578 sh

Fund	Value	Shares
BlackRock, Inc.	$6.9B	30,198,865
GATES FOUNDATION TRUST	$6.4B	27,642,344
VANGUARD CAPITAL MANAGEMENT LLC	$5.8B	25,169,513
STATE STREET CORP	$4.0B	17,501,722
VANGUARD PORTFOLIO MANAGEMENT LLC	$2.4B	10,236,665
GEODE CAPITAL MANAGEMENT, LLC	$2.1B	9,191,350
Capital Research Global Investors	$2.0B	8,732,043
AMERIPRISE FINANCIAL INC	$1.7B	7,427,407
MORGAN STANLEY	$1.6B	7,077,170
PARNASSUS INVESTMENTS, LLC	$1.1B	4,981,578

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Is WM a good stock to buy?

13F Pro's AI-powered analysis of WASTE MANAGEMENT INC (WM) draws on SEC EDGAR-sourced fundamentals, institutional 13F holdings, and insider Form 4 transactions in the Utilities sector (listed on NYSE). The 32-signal AI Quality Score, current rank, and full bull/bear verdict for WM are available on the WM stock profile dashboard — with the same data, AI insights, ratios, and institutional activity refreshed after every 10-K, 10-Q, 13F, and Form 4 filing.

Which hedge funds own WM?

Institutional investors are required to disclose their holdings quarterly via SEC Form 13F. 13F Pro aggregates these filings to show which hedge funds, mutual funds, and asset managers are buying or selling WM. Combined with insider transaction data from Form 4 filings and AI-powered analysis from 10 specialized research agents, 13F Pro provides a comprehensive view of WASTE MANAGEMENT INC's investment landscape.