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FCF Margin for Waste Management (WM)

As of · Reported

Metric

TTM

12.9%

YoY change

+1.39pp

Trough year (1989)

-69.2%

Peak year (2021)

13.6%

FCF Margin history chart for Waste Management (WM) from 1989 to 2025

Latest: 11.2%

FCF Margin change chart for Waste Management (WM) from 1989 to 2025

Latest: +1.39pp

FCF Margin history table for Waste Management (WM) from 1989 to 2025

  • 202511.2%+1.39pp
  • 20249.8%+0.86pp
  • 20238.9%-0.96pp
  • 20229.9%-3.68pp
  • 202113.6%+1.94pp
  • 202011.6%-1.67pp
  • 201913.3%+0.72pp
  • 201812.6%+1.04pp
  • 201711.5%-0.38pp
  • 201611.9%+2.15pp
  • 20159.8%+1.33pp
  • 20148.4%-0.04pp
  • 20138.5%+2.72pp
  • 20125.8%-2.81pp
  • 20118.6%-0.80pp
  • 20109.4%-0.68pp
  • 200910.0%-0.08pp
  • 200810.1%+0.89pp
  • 20079.2%+0.16pp
  • 20069.1%-0.20pp
  • 20059.3%+1.59pp
  • 20047.7%+1.40pp
  • 20036.3%-1.50pp
  • 20027.8%-1.30pp
  • 20019.1%+2.57pp
  • 20006.5%+13.56pp
  • 1999-7.1%+9.44pp
  • 1998-16.5%+52.46pp
  • 1997-69.0%-58.06pp
  • 1996-10.9%+15.37pp
  • 1995-26.3%-13.79pp
  • 1994-12.5%+0.83pp
  • 1993-13.3%-26.73pp
  • 199213.4%+30.35pp
  • 1991-16.9%-19.64pp
  • 19902.7%+71.93pp
  • 1989-69.2%—

FCF Margin values are taken from Waste Management's reported income statements (quarterly 10-Q and annual 10-K filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the filing date. YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.

About FCF Margin at Waste Management (WM)

According to Waste Management's latest reported financial statements, the company's latest reported free cash flow margin is 12.9%. Free cash flow margin is free cash flow divided by revenue — the share of each sales dollar that converts into cash after capital expenditures. Because free cash flow cannot be inflated by non-cash accounting, FCF margin is a clean read on how efficiently a business turns revenue into deployable cash.

Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .

The 2025 reading of Waste Management (WM) free cash flow margin is 11.17% – expanded 1.4 percentage points year-over-year.

13.57% stands as the all-time-high annual free cash flow margin, posted in 2021, against a low of -69.23% during 1989.

Waste Management FCF Margin by Year

Waste Management FCF Margin 2025: 11.2%

Waste Management free cash flow margin in 2025 was 11.17%, expanded 1.4 percentage points from 2024.

Waste Management FCF Margin 2024: 9.8%

2024's free cash flow margin for Waste Management came in at 9.79%, expanded 0.9 percentage points from 2023.

Waste Management FCF Margin 2023: 8.9%

Waste Management posted free cash flow margin of 8.93% in 2023, contracted 1.0 percentage points from 2022.

Waste Management FCF Margin 2022: 9.9%

In 2022, Waste Management reported free cash flow margin of 9.89%, contracted 3.7 percentage points from 2021.

Waste Management FCF Margin 2021: 13.6%

Waste Management free cash flow margin in 2021 was 13.57%.

See more financial history for Waste Management (WM).

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Industrials peers of Waste Management (WM), ranked by their latest free cash flow margin

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