WM vs WCN vs OSK Stock Comparison

Waste Management, Waste Connections and Oshkosh Prices as of Oct 23, 2026 Peers: Industry group
WM Waste Management Inc
$239.38 +15.1% 1M +10.8% 1Y
Market cap
$96.86B
P/E
34.0x
Revenue (TTM)
$25.67B
Div. yield
0.01%
Solid Waste Industrials
7 wins
OSK Oshkosh Corp
$131.73 -2.8% 1M -5.8% 1Y
Market cap
$8.32B
P/E
14.9x
Revenue (TTM)
$10.61B
Div. yield
–
Heavy Equipment Industrials
5 wins

Head to Head

12 decided of 12

Waste Management leads on 7 of the 12 questions below (Waste Management 7, Oshkosh 5). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionWMWCNOSKLeader
Larger companyMarket capitalisation $96.86B $47.35B $8.32B WM
Cheaper on earningsLower P/E, profitable companies only 34.0x 44.6x 14.9x OSK
Cheaper on forward earningsLower price / next fiscal year consensus EPS 27.7x 34.9x 13.2x OSK
Faster revenue growthRevenue growth, trailing twelve months +7.2% +5.7% +2.2% WM
More profitableNet margin, trailing twelve months 11.1% 10.9% 5.2% WM
Better return on capitalReturn on invested capital 10.7% 7.4% 11.4% OSK
Less leveragedLower net debt / EBITDA 3.0x 2.9x 0.7x OSK
Higher dividend yieldTrailing dividend yield 0.01% 0.01% 0.00% WM
Better 1-year returnPrice return, last 12 months +10.8% +5.5% -5.8% WM
Better 5-year returnAnnualised price return, 5 years +7.8%/yr +6.8%/yr +4.5%/yr WM
Less volatileAnnualised volatility, 1 year 21.3% 25.7% 40.4% WM
Higher overall scoreMean of the five percentile scores vs peers 54/100 57/100 72/100 OSK

Percentile Scorecard

WMWCNOSK

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisWMWCNOSK
Valuation 47 #9 of 16 27 #12 of 16 95 #11 of 203
Growth 77 #4 of 14 69 #5 of 14 59 #78 of 188
Profitability 92 #2 of 14 85 #3 of 14 63 #69 of 187
Financial Health 13 #14 of 16 20 #13 of 16 51 #110 of 222
Shareholder Returns 43 #5 of 8 86 #2 of 8 91 #14 of 153
Overall 54 57 72
  • WM ranked among 16 companies in Waste Management
  • WCN ranked among 16 companies in Waste Management
  • OSK ranked among 222 companies in Machinery

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodWMWCNOSKSPY
1 month +15.1%+20.0%-2.8% -1.0%
3 months +0.2%+10.0%-15.1% +2.9%
6 months +4.3%+12.3%-12.4% +6.4%
Year to date +9.0%+6.4%+4.9% +11.4%
1 year +10.8%+5.5%-5.8% +13.1%
3 years +54.8%+38.8%+48.4% +79.4%
3 years, per year +15.7%+11.6%+14.1% +21.5%
5 years +45.6%+39.0%+24.7% +67.7%
5 years, per year +7.8%+6.8%+4.5% +10.9%
10 years +284.8%+276.4%+146.1% +255.2%
10 years, per year +14.4%+14.2%+9.4% +13.5%

Risk

MeasureWMWCNOSKSPY
Volatility, 1Y 21.3%25.7%40.4% 12.7%
Downside volatility, 1Y 20.5%23.3%40.2% 12.7%
Beta vs S&P 500, 1Y -0.42-0.191.38 1.00
Return / volatility, 1Y 0.510.22-0.14 1.03
Max drawdown, 5Y -18.7%-25.5%-43.5% -25.4%
From 52-week high -2.9%0.0%-26.0% -2.5%
52-week high $246.51$186.57$177.94 $779.14
52-week low $196.77$149.02$118.59 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultipleWMWCNOSK
P/E now vs peer median 33.7xmedian 33.8x 44.6xmedian 33.8x 14.8xmedian 25.9x
P/S now vs peer median 3.7xmedian 3.4x 4.8xmedian 3.4x 0.8xmedian 1.9x
EV/EBITDA now vs peer median 15.8xmedian 15.8x 17.9xmedian 15.8x 8.5xmedian 13.7x
P/FCF now vs peer median 26.8xmedian 18.4x 38.2xmedian 18.4x 7.3xmedian 21.1x
P/B now vs peer median 9.6xmedian 3.1x 5.9xmedian 3.1x 1.8xmedian 2.3x
PEG now vs peer median 4.14median 4.14 5.09median 4.14 1.15median 1.19

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsWMWCNOSK
Revenue $25.67B $9.76B $10.61B
Gross profit $10.49B $4.15B $1.69B
Operating income $4.51B $1.66B $797.60M
Net income $2.85B $1.06B $556.30M
Free cash flow $3.57B $1.23B $1.12B
EPS (diluted) $7.09 $4.18 $8.87
Cash & equivalents $557.00M $98.18M $403.60M
Total debt $93.65B $9.32B $4.56B
Shares (diluted) 402.40M 253.86M 62.75M
Enterprise value $95.77B $46.97B $6.97B

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricWMWCNOSK
P/E 33.7x 44.6x 14.8x
P/FCF 26.8x 38.2x 7.3x
P/Operating cash flow 14.7x 18.7x 6.3x
P/S 3.7x 4.8x 0.8x
P/B 9.6x 5.9x 1.8x
P/Tangible book 15.2x 7.9x 2.1x
EV/EBITDA 15.8x 17.9x 8.5x
EV/EBIT 26.3x 33.9x 11.1x
EV/Revenue 4.6x 5.8x 0.8x
EV/FCF 33.2x 45.6x 7.9x
EV/Operating cash flow 18.2x 22.4x 6.8x
PEG (3Y EPS CAGR) 4.14 5.09 1.15

Growth

14 metrics
MetricWMWCNOSK
Revenue growth (1Y) 7.2% 5.7% 2.2%
Revenue CAGR (3Y) 8.6% 8.4% 5.8%
Gross profit growth (1Y) -18.6% 7.0% -10.2%
Gross profit CAGR (3Y) 11.8% 10.6% 7.4%
Operating income growth (1Y) 7.3% 47.6% -16.7%
Operating income CAGR (3Y) 9.1% 8.6% 8.2%
Net income growth (1Y) 4.8% 64.7% -14.5%
Net income CAGR (3Y) 7.7% 8.1% 11.1%
EPS growth (1Y) 5.3% 68.0% -11.7%
EPS CAGR (3Y) 8.1% 8.8% 12.8%
Operating cash flow growth (1Y) 15.9% 8.9% 60.6%
Operating cash flow CAGR (3Y) 14.8% 6.8% 57.0%
Free cash flow growth (1Y) 65.2% 8.1% 99.4%
Free cash flow CAGR (3Y) 33.4% 2.9% 49.8%

Profitability

14 metrics
MetricWMWCNOSK
Gross margin 40.9% 42.5% 15.9%
EBITDA margin 29.3% 32.2% 9.8%
Operating margin 17.6% 17.0% 7.5%
Pretax margin 14.1% 14.2% 6.5%
Net margin 11.1% 10.9% 5.2%
FCF margin 13.9% 12.6% 10.6%
Operating cash flow margin 25.4% 25.7% 12.3%
Return on equity 28.6% 13.3% 12.4%
Return on assets 6.2% 5.0% 5.6%
Return on invested capital 10.7% 7.4% 11.4%
Return on capital employed 11.2% 8.7% 11.5%
Asset turnover 0.6x 0.5x 1.1x
Cash conversion (OCF / net income) 2.3x 2.4x 2.3x
Stock comp / revenue 0.7% 0.8% 0.4%

Financial Health

11 metrics
MetricWMWCNOSK
Debt / assets 50.3% 43.6% 11.0%
Debt / equity 2.4x 1.2x 0.2x
Net debt / EBITDA 3.0x 2.9x 0.7x
Debt / FCF 6.5x 7.6x 1.0x
Liabilities / assets 78.6% 63.0% 55.0%
Equity / assets 21.4% 37.0% 45.0%
Interest coverage – 4.8x 6.6x
Current ratio 0.9x 0.7x 1.7x
Quick ratio 0.8x 0.5x 0.7x
Cash ratio 0.1x 0.0x 0.1x
Altman Z-score 2.97 3.13 3.17

Shareholder Returns

7 metrics
MetricWMWCNOSK
Dividend yield 1.5% 0.8% 1.7%
Net buyback yield 1.0% 2.4% 4.3%
Shareholder yield 2.5% 3.1% 6.0%
Payout ratio (earnings) 50.1% 32.8% –
Payout ratio (FCF) 40.0% 28.2% –
Dividend growth (1Y) 12.4% 9.4% –
Dividend CAGR (3Y) 8.9% 10.9% –

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusWMWCNOSK
Forward P/E 27.7xFY2026 34.9xFY2026 13.2xFY2026
EPS, next fiscal year $8.65FY2026 $5.35FY2026 $10.00FY2026
EPS growth, next FY +15.3%FY2026 +4.9%FY2026 -7.3%FY2026
EPS growth, the year after +9.5% +20.4% +46.4%
Revenue, next fiscal year $25.84BFY2026 $10.23BFY2026 $10.70BFY2026
Revenue growth, next FY +2.6%FY2026 +9.2%FY2026 +2.6%FY2026
Revenue growth, the year after +12.0% -0.5% +5.3%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersWMWCNOSK
Held by institutions 82.3% 85.2% 100.0%
Institutions holding 2,348 829 598
Change in shares held, QoQ +0.8% +1.3% +5.1%
Institutions buying 1,094 410 309
Institutions selling 901 303 188
Buyers to sellers 1.21 1.35 1.64

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

WMWCNOSK
WM 1.00 0.75 0.08
WCN 0.75 1.00 0.09
OSK 0.08 0.09 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, WM, WCN and OSK?

Waste Management (WM) is the largest by market capitalisation: Waste Management (WM) $96.86B, Waste Connections (WCN) $47.35B, Oshkosh (OSK) $8.32B.

Which stock is cheaper, WM, WCN and OSK?

Oshkosh (OSK) trades on the lowest price-to-earnings ratio (Waste Management (WM) 34.0x, Waste Connections (WCN) 44.6x, Oshkosh (OSK) 14.9x). On next year's consensus earnings, Oshkosh (OSK) is cheapest (Waste Management (WM) 27.7x, Waste Connections (WCN) 34.9x, Oshkosh (OSK) 13.2x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Waste Management (WM) grew revenue fastest over the trailing twelve months: Waste Management (WM) +7.2%, Waste Connections (WCN) +5.7%, Oshkosh (OSK) +2.2%.

Which company is more profitable?

Waste Management (WM) has the highest net margin (Waste Management (WM) 11.1%, Waste Connections (WCN) 10.9%, Oshkosh (OSK) 5.2%). On return on invested capital, Oshkosh (OSK) leads (Waste Management (WM) 10.7%, Waste Connections (WCN) 7.4%, Oshkosh (OSK) 11.4%).

Which stock has performed better?

Over the past year Waste Management (WM) returned the most: Waste Management (WM) +10.8%, Waste Connections (WCN) +5.5%, Oshkosh (OSK) -5.8%. Over five years, Waste Management (WM) compounded fastest (Waste Management (WM) +7.8%/yr, Waste Connections (WCN) +6.8%/yr, Oshkosh (OSK) +4.5%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Waste Management (WM) has the highest dividend yield: Waste Management (WM) 0.01%, Waste Connections (WCN) 0.01%, Oshkosh (OSK) 0.00%. Oshkosh (OSK) pays no regular dividend.

Which stock is riskier?

By one-year price volatility, Waste Management (WM) has been the steadiest (Waste Management (WM) 21.3%, Waste Connections (WCN) 25.7%, Oshkosh (OSK) 40.4%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, WM, WCN and OSK?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Waste Management (WM) leads on 7. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.