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/company/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/company/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 2026-07-29, the biggest revenue drivers are: Collection and Disposal ($5,479M, +3.6% average yield); Healthcare Solutions ($638M, -$30M YoY); Recycling Processing and Sales ($403M). Figures are extracted from the filing text and machine-verified against the document. Full breakdown at https://13fpro.ai/company/WM.

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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Utilities →NYSElarge

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SEC EDGAR: CIK 823768 WM stock profile & AI dashboard →

13F Pro Quality Score

67.6/100

Rank #351 of 2,961 stocksTOP 25%

View Utilities peers →

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

Revenue Growth

62.4/100

Profitability

65.5/100

Balance Sheet

74.8/100

Earnings Quality

55.1/100

Free Cash Flow

63.7/100

Institutional Flow

57.3/100

Revenue Scale

94.1/100

Dilution Risk

68.3/100

Email me the moment this company reports earnings

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Why WM Scores 68/100

exact factor attribution · 2026-09-11

WM's composite is driven by scale and revenue growth. Bars show each factor's exact push vs. a median company, using the same weights the ranking engine applies.

Scale

+6.6 pts

94th pct

Revenue growth

+2.5 pts

62th pct

Capital efficiency

+2.5 pts

75th pct

Profitability

+2.3 pts

66th pct

Free cash flow

+2.1 pts

64th pct

Shareholder dilution

+0.9 pts

68th pct

Earnings quality

+0.5 pts

55th pct

Institutional flow

+0.4 pts

57th pct

Earnings growth

-0.2 pts

46th pct

Factor percentiles are cross-sectional ranks across the ~2,800-stock scored universe, computed from SEC EDGAR filings. Not investment advice.

WM Stock Analysis & AI Quality Score

Data updated 2026-09-11

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 67.6/100 on a 32-signal composite quality model, placing it at rank #351 of 2,961 stocks — the top 25% of the AI-ranked universe. WM scores in the top quartile across revenue scale (94.1). Based on the latest XBRL financial filings (Q2 2026), WASTE MANAGEMENT INC reports quarterly revenue of $6.7B, net income of $785.0M, an operating margin of 18.8%. 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 57 and 73 since 2021, currently 67.6 — an improving long-term trajectory across 67 quarterly and live scoring snapshots.

✦

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

✓ 27/27 datapoints verified

AI-extracted from WASTE MANAGEMENT INC's 10-Q filed 2026-07-29 — Q2 2026 (quarter ended June 30, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.

Revenues rose 4.0% to $6,684 million on Collection and Disposal yield of 3.6% and a $102 million energy surcharge increase, lifting income from operations to $1,253 million (18.7% of revenues).

Biggest Revenue Drivers

Collection and Disposal$5,479M+3.6% average yield

Higher yield across collection, landfill and transfer, partially offset by lower special waste and residential volumes

Healthcare Solutions$638M-$30M YoY

Contributions from pricing activities were more than offset by declines in volumes

Biggest Revenue Drivers

Total revenue: $6,684M+4.0% YoY

Collection and Disposal$5,479M+3.6% average yield

Higher yield across collection, landfill and transfer, partially offset by lower special waste and residential volumes

Within Collection and Disposal

Commercial collection$1,485M+4.0% yield

Healthcare Solutions$638M-$30M YoY

Contributions from pricing activities were more than offset by declines in volumes

Recycling Processing and Sales$403M

Volume growth from recycling automation and growth projects, offset by ~10% lower single-stream commodity prices

Renewable Energy$157M

Volume growth from new renewable natural gas plants; yield down $4M on lower RNG pricing

Largest Expense Items

Operating expenses$3,955M59.2% of revenues vs 59.1%

Higher fuel prices, annual wage increases and higher medical costs, plus Renewable Energy growth

Depreciation, depletion, amortization and accretion$777M11.6% of revenues, flat

Capital assets placed in service during 2025 and 2026, particularly sustainability businesses

Selling, general and administrative$683M10.2% of revenues vs 10.8%

Lower professional fees and labor from Stericycle synergies, offset by higher bad debt expense

Interest expense, net$233M

Lower average debt balances offset by lower capitalized interest as sustainability projects completed

Margins: Income from operations margin expanded to 18.7% from 17.9%, driven by Collection and Disposal yield, Healthcare Solutions synergies and higher Recycling and Renewable Energy volumes, partly offset by prior-year wildfire cleanup earnings.

Watch Items from the Filing

Approximately $3.8 billion of debt matures within 12 months, including $2.0 billion of tax-exempt bonds and $1.1 billion of commercial paper; total debt is $23.4 billion.
Provision for bad debts rose to $40 million from $24 million, on increased receivable balances in Collection and Disposal.
Healthcare Solutions revenue declined to $638 million from $646 million on volume losses; segment income from operations was just $2 million.
Recorded liability of approximately $100 million for the San Jacinto River Waste Pits site; EPA issued a Unilateral Administrative Order in April 2026 and ultimate liability could differ materially.
Repurchased 3.0 million shares for $671 million in the quarter at $223.94 average, with $2.0 billion remaining under the $3.0 billion authorization.

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

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

Revenue

Q2 2026

$6.7B

Net Income

Q2 2026

$785.0M

Free Cash Flow

Q2 2026

$1.1B

Operating Margin

Q2 2026

18.8%

ROIC

Q2 2026

15.1%

D/E Ratio

Q2 2026

2.35

Period

Revenue & Net Income

Earnings Per Share

Key Financials Over Time

Export Financial Table · Pro

Revenue

+14.2% YoY

$25.20BFY 2025

FY22 $19.70BFY23 $20.43BFY24 $22.06BFY25 $25.20B

Net Income

-1.4% YoY

$2.71BFY 2025

FY22 $2.24BFY23 $2.30BFY24 $2.75BFY25 $2.71B

Operating Income

+6.0% YoY

$4.31BFY 2025

FY22 $3.37BFY23 $3.58BFY24 $4.06BFY25 $4.31B

EPS (Diluted)

-1.6% YoY

$6.70FY 2025

FY22 $5.39FY23 $5.66FY24 $6.81FY25 $6.70

Total Assets

+2.8% YoY

$45.84BFY 2025

FY22 $31.37BFY23 $32.82BFY24 $44.57BFY25 $45.84B

Total Debt

-4.2% YoY

$22.91BFY 2025

FY22 $14.98BFY23 $16.23BFY24 $23.90BFY25 $22.91B

Op. Cash Flow

+12.1% YoY

$6.04BFY 2025

FY22 $4.54BFY23 $4.72BFY24 $5.39BFY25 $6.04B

Free Cash Flow

+30.4% YoY

$2.82BFY 2025

FY22 $1.95BFY23 $1.82BFY24 $2.16BFY25 $2.82B

Metric	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Revenue	$25.20B +14.2%	$22.06B +8.0%	$20.43B +3.7%	$19.70B +9.9%	$17.93B +17.8%	$15.22B
Net Income	$2.71B -1.4%	$2.75B +19.2%	$2.30B +2.9%	$2.24B +23.2%	$1.82B +21.4%	$1.50B
Operating Income	$4.31B +6.0%	$4.06B +13.7%	$3.58B +6.2%	$3.37B +13.5%	$2.96B +21.8%	$2.43B
EPS (Diluted)	$6.70 -1.6%	$6.81 +20.3%	$5.66 +5.0%	$5.39 +25.6%	$4.29 +21.9%	$3.52
Total Assets	$45.84B +2.8%	$44.57B +35.8%	$32.82B +4.6%	$31.37B +7.8%	$29.10B -0.8%	$29.34B
Total Debt	$22.91B -4.2%	$23.90B +47.3%	$16.23B +8.3%	$14.98B +11.8%	$13.40B -2.9%	$13.81B
Operating Cash Flow	$6.04B +12.1%	$5.39B +14.2%	$4.72B +4.0%	$4.54B +4.6%	$4.34B +27.5%	$3.40B
Free Cash Flow	$2.82B +30.4%	$2.16B +18.4%	$1.82B -6.4%	$1.95B -19.9%	$2.43B +37.4%	$1.77B

AI Insight: WM Financial Trends

Revenue growth stalled while operating margins and leverage improved, but earnings remain volatile quarter-to-quarter.

• Operating cash flow accelerated from $1,154M in Q2 2024 to $1,501M in Q1 2026, up 30% over two years.

• Total debt fell from $23,900M peak in Q4 2024 to $22,891M in Q1 2026; leverage declining despite elevated base.

• Revenue grew 15.2% from Q2 2024 ($5,402M) to Q1 2026 ($6,227M), but declined 3.4% from Q2 2025 peak ($6,430M).

⚠ Net income swings wildly: $760M to $603M to $742M to $723M—no consistent trend, operational volatility masks underlying performance.

⚠ Latest quarter (Q1 2026) revenue $6,227M below Q4 2025 $6,313M and Q2 2025 $6,430M; growth inflection at risk.

AI Insight: WM Ratio Trends

WM's profitability and returns remain under pressure; leverage has improved but operational consistency deteriorated since Q3 2024 peak.

• Operating margin fell from 20.0% (Q3 2024) to 17.9% (Q1 2026), a 210bp contraction. NPM similarly declined 200bp over same period.

• ROIC compressed from 18.2% (Q3 2024) to 13.5% (Q1 2026). ROE dropped from 38.1% to 28.9% across same span.

• Debt-to-equity improved from 2.90 (Q4 2024) to 2.28 (Q1 2026), approaching pre-2024 leverage levels and strengthening balance sheet.

⚠ Quarterly earnings volatility persists: Q3 2025 saw ROIC dip to 12.0%, with OpMargin at 15.3%—operational headwinds remain.

⚠ Q1 2026 shows modest recovery in margins (17.9% OpMargin vs. 15.3% in Q3 2025), but still 110bp below Q3 2024 levels.

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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.
$6.8B30,733,944 sh
GATES FOUNDATION TRUST
$6.0B26,720,744 sh
VANGUARD CAPITAL MANAGEMENT LLC
$5.6B25,179,716 sh
STATE STREET CORP
$4.0B18,008,931 sh
Capital Research Global Investors
$2.3B10,438,136 sh
VANGUARD PORTFOLIO MANAGEMENT LLC
$2.3B10,121,428 sh
GEODE CAPITAL MANAGEMENT, LLC
$2.0B9,068,808 sh
AMERIPRISE FINANCIAL INC
$1.6B7,086,113 sh
MORGAN STANLEY
$1.5B6,584,906 sh
PARNASSUS INVESTMENTS, LLC
$1.1B4,792,005 sh

Fund	Value	Shares
BlackRock, Inc.	$6.8B	30,733,944
GATES FOUNDATION TRUST	$6.0B	26,720,744
VANGUARD CAPITAL MANAGEMENT LLC	$5.6B	25,179,716
STATE STREET CORP	$4.0B	18,008,931
Capital Research Global Investors	$2.3B	10,438,136
VANGUARD PORTFOLIO MANAGEMENT LLC	$2.3B	10,121,428
GEODE CAPITAL MANAGEMENT, LLC	$2.0B	9,068,808
AMERIPRISE FINANCIAL INC	$1.6B	7,086,113
MORGAN STANLEY	$1.5B	6,584,906
PARNASSUS INVESTMENTS, LLC	$1.1B	4,792,005

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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. WM is classified as a large company.

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.