Waste Management Inc (0LTG.L) Q1 2025 Earnings Report

Waste Management Inc. delivered a robust QQ1 2025 with clear top-line momentum and maintenance of healthy margins, underscored by strong operating cash flow and a disciplined approach to capital expenditure. Revenue reached USD 6.018 billion, up 16.65% year-over-year, supported by favorable price/mix dynamics and volume, while gross margin stood around 28.5% and operating margin near 17.1%. Net income of USD 0.637 billion and EPS of USD 1.58 reflect solid profitability against a backdrop of substantial capital investment and ongoing debt obligations. The company generated USD 1.208 billion in operating cash flow and USD 0.377 billion in free cash flow, allocating cash to dividends and debt management while continuing to fund capex. Balance sheet highlights include total assets of USD 44.49 billion and total liabilities USD 35.84 billion, with a heavy but manageable debt stack (net debt ~USD 23.62 billion) and a debt-to-capitalization ratio of ~0.734. Management commentary was not provided in the data set; as a result, the analysis relies on disclosed metrics and standard industry interpretation to assess trajectory and risk.