Waste Management (WM) Cost of Revenue (2009 - 2026)

Waste Management's (WM) quarterly Cost of Revenue came in at $3.7 billion in Q1 2026, up 2.27% year-on-year from $3.6 billion in Q1 2025, and little changed quarter-over-quarter from $3.7 billion in Q4 2025.

Waste Management (WM) Cost of Revenue (2009 - 2026) Analysis & Trends

Waste Management has disclosed Cost of Revenue across 18 years of filings, most recently posting $3.7 billion for Q1 2026.

  • Cost of Revenue for Q1 2026 came in at $3.7 billion, up 2.27% year-over-year; the trailing twelve-month figure through Mar 2026 was $15.1 billion (up 42.79% YoY), and the FY2025 annual result was $15.0 billion, up 12.17% from the prior year.
  • Cost of Revenue came in at $3.7 billion for Q1 2026 at Waste Management, roughly flat from $3.7 billion in the prior quarter.
  • In the past five years, Cost of Revenue ranged from a high of $3.8 billion in Q2 2025 to a low of $244.0 million in Q4 2024.
  • The 5-year median for Cost of Revenue is $3.2 billion (2023), against an average of $3.2 billion.
  • Across the five-year window, Cost of Revenue tumbled 92.24% in 2024 and jumped 1413.52% in 2025, its largest moves.
  • Waste Management's Cost of Revenue stood at $3.1 billion in 2022, then increased by 1.71% to $3.1 billion in 2023, then sank by 92.24% to $244.0 million in 2024, then surged by 1413.52% to $3.7 billion in 2025, then gained by 0.03% to $3.7 billion in 2026.
  • The last three Cost of Revenue figures came in at $3.7 billion (Q1 2026), $3.7 billion (Q4 2025), and $3.8 billion (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Cost of Rev (Qtr)
1 GFL Environmental 257.60 Bn 257.72 Bn 218.62 Mn 980.05 Mn
2 Waste Connections 40.67 Bn 40.56 Bn 1.01 Bn 1.36 Bn
3 Clean Harbors 15.27 Bn 14.60 Bn 445.42 Mn 1.01 Bn
4 Casella Waste Systems 5.80 Bn 5.66 Bn 148.40 Mn 308.93 Mn
5 Enviri 1.71 Bn 1.63 Bn - -
6 Onterris 611.86 Mn 600.82 Mn - -
7 American Battery Technology 405.46 Mn 366.97 Mn 737,749.00 7.07 Mn
8 Waste Management 201.08 Mn 44.08 Mn 2.53 Bn 3.69 Bn
9 Perma Fix Environmental Services 176.15 Mn 156.14 Mn -2.88 Mn 14.01 Mn
10 One & one Green Technologies 149.86 Mn 148.90 Mn - -

Historic Data

Download Data
DateValue
Mar 31, 2026 3.69 Bn
Mar 31, 2026 3.69 Bn
Dec 31, 2025 3.69 Bn
Dec 31, 2025 3.69 Bn
Sep 30, 2025 3.83 Bn
Sep 30, 2025 3.83 Bn
Jun 30, 2025 3.84 Bn
Jun 30, 2025 3.84 Bn
Mar 31, 2025 3.61 Bn
Mar 31, 2025 3.61 Bn
Dec 31, 2024 244.00 Mn
Dec 31, 2024 244.00 Mn
Sep 30, 2024 3.40 Bn
Sep 30, 2024 3.40 Bn
Jun 30, 2024 3.29 Bn
Jun 30, 2024 3.29 Bn
Mar 31, 2024 3.14 Bn
Mar 31, 2024 3.14 Bn
Dec 31, 2023 3.15 Bn
Dec 31, 2023 3.15 Bn