Waste Management Inc delivered a sturdy fourth quarter of 2025, with quarterly revenue of $6.313 billion and EBITDA of $1.929 billion, supported by a full-year revenue trajectory that reflects ongoing pricing power and volume stability in North America. The company posted a net income of $742 million and earnings per share of $1.84 for the quarter, with a trailing-twelve-month revenue around $25.2 billion, underscoring the scale and earnings durability of Waste Management’s core waste collection, processing and disposal assets. Operational cash flow was $1.698 billion in the period and free cash flow reached $810 million, enabling continued deleveraging pressure alongside a disciplined dividend and capital expenditure program.
Key Performance Indicators
Revenue
Increasing
6.31B
QoQ: -2.02% | YoY: 7.13%
Gross Profit
Increasing
1.85B
29.30% margin
QoQ: -1.65% | YoY: 9.60%
Operating Income
Increasing
1.18B
QoQ: -3.29% | YoY: 24.97%
Net Income
Increasing
742.00M
QoQ: 23.05% | YoY: 24.08%
EPS
Increasing
1.84
QoQ: 22.67% | YoY: 23.49%
Revenue Trend
Margin Analysis
Financial Highlights
Revenue: $6.313B in Q4 2025; YoY +7.13%, QoQ -2.02%
Gross Profit: $1.85B; Gross Margin ~29.30%
Operating Income: $1.176B; Operating Margin ~18.63%
EBITDA: $1.929B; EBITDA Margin ~30.54%
Net Income: $742M; Net Margin ~11.75%
EPS (GAAP): $1.84; Diluted EPS $1.83
Cash Flow: Operating cash flow $1.698B; Free cash flow $810M
Capital Allocation: Capex $888M; Dividends paid $333M; Debt repayments $517M; Net financing cash flow -$843M; Cash at end of period $201M
Income Statement
Metric
Value
YoY Change
QoQ Change
Revenue
6.31B
7.13%
-2.02%
Gross Profit
1.85B
9.60%
-1.65%
Operating Income
1.18B
24.97%
-3.29%
Net Income
742.00M
24.08%
23.05%
EPS
1.84
23.49%
22.67%
Key Financial Ratios
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