WASTE MANAGEMENT INC
WM · Refuse Systems · 401.6M shares · -1%/yr ↓ buyback · EDGAR filings ↗
Net buyback after stock comp: $1.2B (gross $1.3B, SBC $93M)
Reference price $220.47 · est. market cap ~$88.5B — last insider sale, 2026-06-05 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)
Grade
A86Dominant, wide-moat refuse/landfill franchise with top-decile ROIC, strong margins and durable pricing power.
Strengths
- ROIC 31.8% (97th pct) and ROE 27.1% (78th pct) — best-in-class capital returns
- Net margin 10.7% and operating margin 17% (80th/78th pct) with 14% revenue growth and very low leverage (D/E 0.07)
Risks
- Current ratio <1 and flat YoY net income
- Capital-intensive collection/landfill model exposed to fuel and regulatory cost pressure
Notable findings
Quarterly revenue
Last 4 quarters · from SEC filings.
Key metrics
Gross margin
40.4%
Operating margin
17.1%
Net margin
10.7%
Return on equity
27.1%
Return on assets
5.9%
ROIC
31.8%
Revenue growth (QoQ)
-1.4%
Net-income growth
-1.4%
Debt / equity
0.1×
Net debt / EBITDA
0.1×
Current ratio
0.9×
EBITDA
$7.2B
Tangible book value
-$7.7B
Cash & investments
$201M
Stock comp / revenue
0.7%
Insider transactions · last 18 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-06-05 | Carrasco Rafael | Option exercise | 2.7K | $126.00 |
| 2026-06-05 | Carrasco Rafael | Sell | 2.7K | $220.47 |
| 2026-05-20 | Morris John J | Tax withheld | 566 | $220.49 |
| 2026-05-20 | Dalby Marcel | Grant | 2.3K | — |
| 2026-05-20 | Hemmer Tara J. | Grant | 2.5K | — |
| 2026-05-15 | MAZZARELLA KATHLEEN M | Grant | 1.3K | $220.71 |
| 2026-05-15 | Chinn Bruce E. | Grant | 861 | $220.71 |
| 2026-05-15 | Bene Thomas | Grant | 861 | $220.71 |
| 2026-05-15 | Gluski Andres | Grant | 861 | $220.71 |
| 2026-05-15 | Sylvester Maryrose | Grant | 861 | $220.71 |
| 2026-05-15 | MENKE SEAN E | Grant | 861 | $220.71 |
| 2026-05-15 | HOLT VICTORIA M | Grant | 861 | $220.71 |
| 2026-05-15 | PLUMMER WILLIAM B | Grant | 861 | $220.71 |
| 2026-04-04 | Varkey Johnson | Tax withheld | 192 | $233.94 |
| 2026-03-09 | DeSantis Christopher P. | Sell | 61 | $245.50 |
| 2026-03-09 | Varkey Johnson | Sell | 121 | $245.27 |
| 2026-03-09 | Carroll John A. | Sell | 47 | $245.30 |
| 2026-03-09 | Morris John J | Option exercise | 5.5K | $150.12 |
| 2026-03-09 | Morris John J | Sell | 4.2K | $243.38 |
| 2026-03-09 | Reed David L. | Sell | 75 | $245.26 |
| 2026-03-07 | Varkey Johnson | Tax withheld | 193 | $246.31 |
| 2026-03-07 | Reed David L. | Tax withheld | 121 | $246.31 |
| 2026-03-07 | Carroll John A. | Tax withheld | 74 | $246.31 |
| 2026-03-07 | DeSantis Christopher P. | Tax withheld | 107 | $246.31 |
| 2026-03-06 | Morris John J | Sell | 8.0K | $245.07 |
| 2026-03-03 | Carroll John A. | Grant | 892 | — |
| 2026-03-03 | Varkey Johnson | Sell | 617 | $244.13 |
| 2026-03-02 | Watson Michael J. | Sell | 4.6K | $241.83 |
| 2026-03-02 | Hemmer Tara J. | Sell | 4.8K | $241.83 |
| 2026-03-02 | Reed David L. | Sell | 21 | $242.65 |
| 2026-03-02 | Stith Kimberly G. | Sell | 21 | $243.13 |
| 2026-03-02 | Watson Michael J. | Option exercise | 13K | $126.00 |
| 2026-03-02 | Watson Michael J. | Sell | 13K | $241.81 |
| 2026-03-01 | Stith Kimberly G. | Tax withheld | 31 | $238.21 |
| 2026-03-01 | Reed David L. | Tax withheld | 31 | $238.21 |
| 2026-02-26 | Reed David L. | Sell | 37 | $229.67 |
| 2026-02-26 | Carroll John A. | Sell | 37 | $229.47 |
| 2026-02-25 | Reed David L. | Tax withheld | 60 | $228.48 |
| 2026-02-25 | Carroll John A. | Tax withheld | 60 | $228.48 |
| 2026-02-17 | Smith Donald J | Option exercise | 2.4K | $110.81 |
| 2026-02-17 | Smith Donald J | Option exercise | 2.5K | $126.00 |
| 2026-02-17 | Smith Donald J | Sell | 4.8K | $233.48 |
| 2026-02-17 | Smith Donald J | Sell | 7.4K | $233.48 |
| 2026-02-13 | Carrasco Rafael | Sell | 7.4K | $234.50 |
| 2026-02-11 | Carroll John A. | Sell | 1.0K | $234.71 |
| 2026-02-10 | Fish James C Jr | Sell | 5.7K | $230.87 |
| 2026-02-09 | Fish James C Jr | Sell | 30K | $230.36 |
| 2026-02-06 | Fish James C Jr | Sell | 657 | $230.00 |
| 2026-01-30 | Smith Donald J | Sell | 690 | $219.59 |
| 2026-01-30 | Varkey Johnson | Sell | 428 | $219.63 |
| 2026-01-30 | DeSantis Christopher P. | Sell | 215 | $218.85 |
| 2026-01-30 | Carroll John A. | Sell | 220 | $219.57 |
| 2026-01-30 | Reed David L. | Sell | 270 | $218.62 |
| 2026-01-30 | Hemmer Tara J. | Sell | 690 | $219.71 |
| 2026-01-30 | Boettcher Charles C | Sell | 689 | $219.32 |
| 2026-01-30 | Carrasco Rafael | Sell | 690 | $219.01 |
| 2026-01-30 | Watson Michael J. | Sell | 687 | $219.79 |
| 2026-01-30 | Morris John J | Sell | 690 | $219.49 |
| 2026-01-30 | Stith Kimberly G. | Sell | 157 | $219.65 |
| 2026-01-29 | Carroll John A. | Grant | 339 | $226.41 |
| 2026-01-29 | DeSantis Christopher P. | Grant | 1.4K | $226.41 |
| 2026-01-29 | DeSantis Christopher P. | Tax withheld | 430 | $226.41 |
| 2026-01-29 | Hemmer Tara J. | Grant | 11K | $226.41 |
| 2026-01-29 | Hemmer Tara J. | Tax withheld | 3.7K | $226.41 |
| 2026-01-29 | Watson Michael J. | Grant | 8.7K | $226.41 |
| 2026-01-29 | Watson Michael J. | Tax withheld | 3.4K | $226.41 |
| 2026-01-29 | Smith Donald J | Grant | 12K | $226.41 |
| 2026-01-29 | Smith Donald J | Tax withheld | 4.2K | $226.41 |
| 2026-01-29 | Stith Kimberly G. | Grant | 1.0K | $226.41 |
| 2026-01-29 | Stith Kimberly G. | Tax withheld | 272 | $226.41 |
| 2026-01-29 | Fish James C Jr | Grant | 60K | $226.41 |
| 2026-01-29 | Fish James C Jr | Tax withheld | 23K | $226.41 |
| 2026-01-29 | Morris John J | Grant | 16K | $226.41 |
| 2026-01-29 | Morris John J | Tax withheld | 5.8K | $226.41 |
| 2026-01-29 | Carrasco Rafael | Grant | 12K | $226.41 |
| 2026-01-29 | Carrasco Rafael | Tax withheld | 4.2K | $226.41 |
| 2026-01-29 | Boettcher Charles C | Grant | 10K | $226.41 |
| 2026-01-29 | Boettcher Charles C | Tax withheld | 4.1K | $226.41 |
| 2026-01-29 | Reed David L. | Grant | 1.7K | $226.41 |
| 2026-01-29 | Reed David L. | Tax withheld | 444 | $226.41 |
| 2026-01-29 | Carroll John A. | Grant | 1.1K | $226.41 |
| 2026-01-29 | Carroll John A. | Tax withheld | 371 | $226.41 |
| 2026-01-29 | Varkey Johnson | Grant | 2.7K | $226.41 |
| 2026-01-29 | Varkey Johnson | Tax withheld | 694 | $226.41 |
| 2025-11-25 | Hemmer Tara J. | Gift | 693 | — |
| 2025-11-20 | Carrasco Rafael | Sell | 1.4K | $217.06 |
| 2025-11-03 | Reed David L. | Grant | 2.6K | — |
| 2025-11-03 | MENKE SEAN E | Buy | 2.0K | $196.42 |
| 2025-09-04 | Stith Kimberly G. | Sell | 100 | $225.19 |
| 2025-09-03 | Stith Kimberly G. | Tax withheld | 255 | $224.60 |
| 2025-09-02 | Hemmer Tara J. | Grant | 9.1K | — |
| 2025-07-15 | Bene Thomas | Grant | 696 | $227.44 |
| 2025-07-15 | Chinn Bruce E. | Grant | 696 | $227.44 |
| 2025-07-15 | MAZZARELLA KATHLEEN M | Grant | 1.1K | $227.44 |
| 2025-07-15 | Sylvester Maryrose | Grant | 696 | $227.44 |
| 2025-07-15 | PLUMMER WILLIAM B | Grant | 696 | $227.44 |
| 2025-07-15 | MENKE SEAN E | Grant | 696 | $227.44 |
| 2025-07-15 | Gluski Andres | Grant | 696 | $227.44 |
| 2025-07-15 | HOLT VICTORIA M | Grant | 696 | $227.44 |
| 2025-05-30 | Boettcher Charles C | Tax withheld | 5.1K | $241.00 |
| 2025-05-30 | Boettcher Charles C | Option exercise | 15K | $110.81 |
| 2025-05-30 | Boettcher Charles C | Tax withheld | 5.1K | $239.50 |
| 2025-05-30 | Carrasco Rafael | Option exercise | 1.2K | $110.81 |
| 2025-05-30 | Carrasco Rafael | Option exercise | 1.2K | $110.81 |
| 2025-05-30 | Carrasco Rafael | Sell | 782 | $240.00 |
| 2025-05-30 | Carrasco Rafael | Sell | 1.2K | $240.00 |
| 2025-05-27 | Rankin Devina A | Option exercise | 25K | $126.00 |
| 2025-05-27 | Rankin Devina A | Option exercise | 9.3K | $150.12 |
| 2025-05-27 | Rankin Devina A | Option exercise | 3.6K | $204.76 |
| 2025-05-27 | Rankin Devina A | Sell | 58K | $237.36 |
| 2025-05-27 | Carrasco Rafael | Option exercise | 409 | $98.90 |
| 2025-05-27 | Carrasco Rafael | Option exercise | 409 | $98.90 |
| 2025-05-27 | Carrasco Rafael | Sell | 265 | $236.81 |
| 2025-05-27 | Carrasco Rafael | Sell | 409 | $236.81 |
| 2025-05-27 | Rankin Devina A | Option exercise | 24K | $110.81 |
| 2025-05-27 | Rankin Devina A | Option exercise | 17K | $145.67 |
| 2025-05-20 | Morris John J | Grant | 4.6K | — |
| 2025-05-20 | Hemmer Tara J. | Tax withheld | 9.9K | $234.00 |
| 2025-05-20 | Hemmer Tara J. | Tax withheld | 13K | $233.00 |
| 2025-05-20 | Hemmer Tara J. | Tax withheld | 15K | $233.00 |
| 2025-05-20 | Hemmer Tara J. | Option exercise | 21K | $126.00 |
| 2025-05-20 | Hemmer Tara J. | Option exercise | 20K | $110.81 |
| 2025-05-20 | Hemmer Tara J. | Option exercise | 13K | $145.67 |
| 2025-05-02 | Morris John J | Option exercise | 20K | $145.67 |
| 2025-05-02 | Morris John J | Sell | 24K | $233.32 |
| 2025-05-02 | Morris John J | Option exercise | 11K | $150.12 |
| 2025-03-07 | Fish James C Jr | Option exercise | 20K | $150.12 |
| 2025-03-07 | Fish James C Jr | Tax withheld | 16K | $229.25 |
| 2025-03-07 | Morris John J | Sell | 19K | $224.71 |
| 2025-03-07 | Carroll John A. | Sell | 1.3K | $225.92 |
| 2025-03-06 | Carrasco Rafael | Sell | 928 | $229.03 |
| 2025-03-05 | Rankin Devina A | Sell | 4.1K | $228.11 |
| 2025-03-05 | Hemmer Tara J. | Sell | 3.1K | $228.11 |
| 2025-03-05 | Watson Michael J. | Sell | 1.5K | $228.11 |
| 2025-03-03 | Varkey Johnson | Sell | 124 | $234.96 |
| 2025-03-03 | Carroll John A. | Sell | 47 | $234.76 |
| 2025-03-03 | Fish James C Jr | Option exercise | 22K | $145.67 |
| 2025-03-03 | DeSantis Christopher P. | Sell | 45 | $234.83 |
| 2025-03-03 | Smith Donald J | Sell | 43 | $234.81 |
| 2025-03-03 | Stith Kimberly G. | Sell | 62 | $234.77 |
| 2025-03-03 | Fish James C Jr | Tax withheld | 17K | $229.25 |
| 2025-03-01 | Stith Kimberly G. | Tax withheld | 60 | $231.37 |
| 2025-03-01 | Carroll John A. | Tax withheld | 75 | $231.37 |
| 2025-03-01 | Carrasco Rafael | Tax withheld | 1.2K | $231.37 |
| 2025-03-01 | Morris John J | Tax withheld | 4.0K | $231.37 |
| 2025-03-01 | Stith Kimberly G. | Tax withheld | 34 | $231.37 |
| 2025-03-01 | DeSantis Christopher P. | Tax withheld | 91 | $231.37 |
| 2025-03-01 | Watson Michael J. | Tax withheld | 2.0K | $231.37 |
| 2025-03-01 | Hemmer Tara J. | Tax withheld | 2.0K | $231.37 |
| 2025-03-01 | Rankin Devina A | Tax withheld | 2.7K | $231.37 |
| 2025-03-01 | Varkey Johnson | Tax withheld | 219 | $231.37 |
| 2025-03-01 | Smith Donald J | Tax withheld | 62 | $231.37 |
| 2025-02-25 | Carroll John A. | Grant | 727 | — |
| 2025-02-24 | Watson Michael J. | Option exercise | 12K | $110.81 |
| 2025-02-24 | Watson Michael J. | Sell | 5.7K | $227.51 |
| 2025-02-24 | Watson Michael J. | Tax withheld | 8.0K | $227.13 |
| 2025-02-24 | Fish James C Jr | Sell | 44K | $228.43 |
| 2025-02-07 | Carrasco Rafael | Sell | 4.0K | $225.89 |
| 2025-02-04 | Hemmer Tara J. | Sell | 4.6K | $222.12 |
| 2025-02-04 | Rankin Devina A | Sell | 5.8K | $222.12 |
| 2025-02-04 | Varkey Johnson | Sell | 318 | $222.93 |
| 2025-01-31 | Watson Michael J. | Sell | 693 | $220.25 |
| 2025-01-31 | Smith Donald J | Sell | 191 | $220.22 |
| 2025-01-31 | Varkey Johnson | Sell | 560 | $220.11 |
| 2025-01-31 | Carrasco Rafael | Sell | 693 | $220.43 |
| 2025-01-31 | Stith Kimberly G. | Sell | 187 | $220.04 |
| 2025-01-31 | Carroll John A. | Sell | 209 | $220.55 |
| 2025-01-31 | Rankin Devina A | Sell | 693 | $220.57 |
| 2025-01-31 | Hemmer Tara J. | Sell | 693 | $220.41 |
| 2025-01-31 | Morris John J | Sell | 693 | $220.59 |
| 2025-01-31 | Boettcher Charles C | Sell | 693 | $220.59 |
| 2025-01-31 | DeSantis Christopher P. | Sell | 200 | $220.36 |
| 2025-01-30 | Watson Michael J. | Grant | 9.1K | $218.72 |
| 2025-01-30 | Varkey Johnson | Grant | 3.7K | $218.72 |
| 2025-01-30 | Varkey Johnson | Tax withheld | 929 | $218.72 |
| 2025-01-30 | Carroll John A. | Grant | 1.4K | $218.72 |
| 2025-01-30 | Carroll John A. | Tax withheld | 370 | $218.72 |
| 2025-01-30 | Boettcher Charles C | Grant | 14K | $218.72 |
| 2025-01-30 | Boettcher Charles C | Tax withheld | 4.8K | $218.72 |
| 2025-01-30 | Carrasco Rafael | Grant | 14K | $218.72 |
| 2025-01-30 | Carrasco Rafael | Tax withheld | 4.8K | $218.72 |
| 2025-01-30 | Morris John J | Grant | 21K | $218.72 |
| 2025-01-30 | Morris John J | Tax withheld | 7.8K | $218.72 |
| 2025-01-30 | Rankin Devina A | Grant | 18K | $218.72 |
| 2025-01-30 | Rankin Devina A | Tax withheld | 6.5K | $218.72 |
| 2025-01-30 | Stith Kimberly G. | Grant | 1.2K | $218.72 |
| 2025-01-30 | Stith Kimberly G. | Tax withheld | 327 | $218.72 |
| 2025-01-30 | Smith Donald J | Grant | 1.3K | $218.72 |
| 2025-01-30 | Smith Donald J | Tax withheld | 332 | $218.72 |
| 2025-01-30 | Watson Michael J. | Tax withheld | 2.9K | $218.72 |
| 2025-01-30 | Hemmer Tara J. | Grant | 14K | $218.72 |
| 2025-01-30 | Hemmer Tara J. | Tax withheld | 4.8K | $218.72 |
| 2025-01-30 | DeSantis Christopher P. | Grant | 1.3K | $218.72 |
| 2025-01-30 | DeSantis Christopher P. | Tax withheld | 453 | $218.72 |
| 2025-01-30 | Fish James C Jr | Grant | 72K | $218.72 |
| 2025-01-30 | Fish James C Jr | Tax withheld | 28K | $218.72 |
| 2025-01-15 | HOLT VICTORIA M | Grant | 433 | $207.78 |
| 2025-01-15 | Sylvester Maryrose | Grant | 433 | $207.78 |
| 2025-01-15 | PLUMMER WILLIAM B | Grant | 433 | $207.78 |
| 2025-01-15 | MENKE SEAN E | Grant | 433 | $207.78 |
| 2025-01-15 | MAZZARELLA KATHLEEN M | Grant | 674 | $207.78 |
| 2025-01-15 | Bene Thomas | Grant | 433 | $207.78 |
| 2025-01-15 | Gluski Andres | Grant | 433 | $207.78 |
| 2025-01-15 | Chinn Bruce E. | Grant | 433 | $207.78 |
All non-derivative Form 4 activity (SEC), newest first.
Notable events (8-K)
| Date | Items | |
|---|---|---|
| 2026-05-14 | Shareholder voteExhibits | filing ↗ |
| 2026-05-13 | Exec/director changeExhibits | filing ↗ |
| 2026-04-28 | ResultsExhibits | filing ↗ |
| 2026-03-25 | Material agreementExhibits | filing ↗ |
| 2026-03-13 | Exec/director changeExhibits | filing ↗ |
| 2026-03-06 | Exec/director changeExhibits | filing ↗ |
| 2026-01-28 | ResultsExhibits | filing ↗ |
| 2025-11-20 | 5.04Exhibits | filing ↗ |
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 8-K | 2026-05-14 | 2026-05-12 | 0001104659-26-060755 ↗ |
| 8-K | 2026-05-13 | 2026-05-08 | 0001104659-26-059860 ↗ |
| 10-Q | 2026-04-29 | 2026-03-31 | 0001104659-26-051283 ↗ |
| 8-K | 2026-04-28 | 2026-04-28 | 0001104659-26-050425 ↗ |
| 8-K | 2026-03-25 | 2026-03-20 | 0001104659-26-034537 ↗ |
| 8-K | 2026-03-13 | 2026-03-13 | 0001104659-26-027703 ↗ |
| 8-K | 2026-03-06 | 2026-03-03 | 0001104659-26-024739 ↗ |
| 10-K | 2026-02-09 | 2025-12-31 | 0001104659-26-012049 ↗ |
| 8-K | 2026-01-28 | 2026-01-28 | 0001104659-26-007476 ↗ |
| 8-K | 2025-11-20 | 2025-11-20 | 0001104659-25-114641 ↗ |
| 10-Q | 2025-10-28 | 2025-09-30 | 0001104659-25-103136 ↗ |
| 8-K | 2025-10-27 | 2025-10-27 | 0001104659-25-102615 ↗ |