Waste Management (WM) Debt to Equity (2009 - 2026)

Waste Management's (WM) quarterly Debt to Equity came in at $2.28 in Q1 2026, down 17.11% year-on-year from $2.76 in Q1 2025, and little changed quarter-over-quarter from $2.29 in Q4 2025.

Waste Management (WM) Debt to Equity (2009 - 2026) Analysis & Trends

Waste Management has disclosed Debt to Equity across 18 years of filings, most recently posting $2.28 for Q1 2026.

  • Debt to Equity for Q1 2026 came in at $2.28, down 17.11% year-over-year; the trailing twelve-month figure through Mar 2026 was $2.28 (down 17.11% YoY), and the FY2025 annual result was $2.29, down 20.81% from the prior year.
  • Debt to Equity came in at $2.28 for Q1 2026 at Waste Management, roughly flat from $2.29 in the prior quarter.
  • In the past five years, Debt to Equity ranged from a high of $2.9 in Q4 2024 to a low of $1.89 in Q1 2022.
  • The 5-year median for Debt to Equity is $2.26 (2023), against an average of $2.29.
  • Across the five-year window, Debt to Equity grew 23.04% in 2024 and slipped 20.81% in 2025, its largest moves.
  • Waste Management's Debt to Equity stood at $2.18 in 2022, then climbed by 7.81% to $2.35 in 2023, then climbed by 23.04% to $2.9 in 2024, then fell by 20.81% to $2.29 in 2025, then dropped by 0.39% to $2.28 in 2026.
  • The last three Debt to Equity figures came in at $2.28 (Q1 2026), $2.29 (Q4 2025), and $2.45 (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Debt/Equity (Qtr)
1 GFL Environmental 252.38 Bn 252.50 Bn 218.62 Mn 1.26
2 Waste Connections 40.24 Bn 40.13 Bn 1.01 Bn 1.14
3 Clean Harbors 15.26 Bn 14.59 Bn 445.42 Mn 1.00
4 Casella Waste Systems 5.57 Bn 5.43 Bn 148.40 Mn 0.73
5 Enviri 1.71 Bn 1.63 Bn - -
6 Onterris 613.85 Mn 602.80 Mn - -
7 American Battery Technology 425.23 Mn 386.75 Mn 737,749.00 -
8 Waste Management 198.93 Mn 41.93 Mn 2.53 Bn 2.28
9 Perma Fix Environmental Services 184.86 Mn 164.86 Mn -2.88 Mn 0.04
10 One & one Green Technologies 144.62 Mn 143.66 Mn - -

Historic Data

Download Data
DateValue
Mar 31, 2026 2.28
Dec 31, 2025 2.29
Sep 30, 2025 2.45
Jun 30, 2025 2.61
Mar 31, 2025 2.76
Dec 31, 2024 2.90
Sep 30, 2024 2.09
Jun 30, 2024 2.25
Mar 31, 2024 2.27
Dec 31, 2023 2.35
Sep 30, 2023 2.22
Jun 30, 2023 2.22
Mar 31, 2023 2.26
Dec 31, 2022 2.18
Sep 30, 2022 2.01
Jun 30, 2022 1.99
Mar 31, 2022 1.89
Dec 31, 2021 1.88
Sep 30, 2021 1.82
Jun 30, 2021 1.80