How Waste Management (WM) Makes Money: A Visual Guide
Waste Management (WM) generated $25.20B in revenue (TTM through Q4 2025), earning $2.71B in net profit (10.7% margin). Its largest revenue source is Commercial (21.2% of revenue). Below is an interactive breakdown of how revenue flows through the income statement.
Waste Management (WM) Income Statement Flow
Frequently asked questions
How does Waste Management (WM) make money?
- Waste Management (WM) primarily makes money through Commercial, which accounts for 21.2% of total revenue. For TTM through Q4 2025, Waste Management generated $25.20B in total revenue with a net profit margin of 10.7%.
What is Waste Management (WM) gross profit margin?
- Waste Management (WM) reported a gross profit margin of 29.1% for TTM through Q4 2025, equivalent to $7.33B in gross profit. This means Waste Management retains 29.1% of each revenue unit after direct costs of production.
What is Waste Management (WM) operating profit margin?
- Waste Management (WM) reported an operating profit margin of 18.3% for TTM through Q4 2025, equivalent to $4.61B in operating profit. This reflects profitability after operating expenses such as R&D, sales, and administration, but before taxes and non-operating items.
What is Waste Management (WM) net profit margin?
- Waste Management (WM) reported a net profit margin of 10.7% for TTM through Q4 2025, equivalent to $2.71B in net profit. This is the share of revenue that remains as profit after all expenses, taxes, and non-operating items.
How much does Waste Management (WM) spend on capital expenditures?
- Waste Management (WM) spent $3.23B on capital expenditures in TTM through Q4 2025 (12.8% of total revenue). Capital expenditures represent investments in physical assets such as property, equipment, and infrastructure.
What is Waste Management (WM) free cash flow?
- Waste Management (WM) generated $2.82B in free cash flow for TTM through Q4 2025 (11.2% of total revenue). Free cash flow is the cash remaining after capital expenditures and represents the company's ability to fund growth, pay dividends, or reduce debt.
What is Waste Management (WM) effective tax rate?
- Waste Management (WM) had an effective tax rate of 20.9% for TTM through Q4 2025. This is the actual percentage of pre-tax income paid as income taxes.
About this data
- What is a Sankey diagram?
- A Sankey diagram shows how money flows through a company from revenue to net profit. The width of each flow represents its proportion.
- How is the data calculated?
- We use the income statement from company filings. For TTM (Trailing Twelve Months), we sum the last four quarters. Revenue flows to cost of revenue and gross profit, then to operating expenses (R&D, S&M, G&A) and operating profit.
- When was this data last updated?
- Based on company filings through TTM through Q4 2025.