Waste Management (WM) EV to EBITDA (2009 - 2026)
Waste Management's (WM) EV to EBITDA was 11.78 for Q2 2026, down 12.5% from 13.47 a year earlier and down 6.2% from the prior quarter.
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Analysis
Waste Management (WM) EV to EBITDA (2009 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, Waste Management's EV to EBITDA came in at 11.71, down 11.9% year-over-year; for FY2025, it was 12.33, down 3.3% from FY2024.
- By year, EV to EBITDA came in at 12.75 in FY2024 (+0.8%), 12.66 in FY2023 (+7.4%), 11.79 in FY2022 (-15.6%) and 13.97 in FY2021 (+16.9%).
- The Q2 2026 figure ranks as the lowest quarterly EV to EBITDA since Q3 2023.
- Year over year, EV to EBITDA has now declined in each of the last six quarters, with an average decline of 1.9% over the last eight quarters.
- The high point for year-over-year EV to EBITDA in five years was Q3 2024 (growth of 25.5%); the low point was Q4 2022 (a decline of 15.6%).
- Per Business Quant data, the three quarters before Q2 2026 came in at 12.56 (Q1 2026), 12.27 (Q4 2025) and 12.96 (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Waste Management | 82.59 Bn | 81.50 Bn | 2.73 Bn |
| 2 | Republic Services | 65.21 Bn | 64.82 Bn | 1.87 Bn |
| 3 | Waste Connections | 39.38 Bn | 39.00 Bn | 1.08 Bn |
| 4 | Clean Harbors | 16.54 Bn | 13.55 Bn | 608.78 Mn |
| 5 | GFL Environmental | 15.37 Bn | 13.05 Bn | 385.80 Mn |
| 6 | Casella Waste Systems | 5.11 Bn | 4.23 Bn | 178.80 Mn |
| 7 | Onterris | 512.61 Mn | 471.88 Mn | 82.26 Mn |
| 8 | Perma Fix Environmental Services | 331.69 Mn | 223.25 Mn | -2.50 Mn |
| 9 | Deep Isolation Nuclear | 204.72 Mn | 204.72 Mn | 707,000.00 |
| 10 | Comstock | 185.32 Mn | 188.64 Mn | -896,073.00 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 11.78 |
| Mar 31, 2026 | 12.56 |
| Dec 31, 2025 | 12.27 |
| Sep 30, 2025 | 12.96 |
| Jun 30, 2025 | 13.47 |
| Mar 31, 2025 | 14.29 |
| Dec 31, 2024 | 12.75 |
| Sep 30, 2024 | 13.63 |
| Jun 30, 2024 | 14.40 |
| Mar 31, 2024 | 14.58 |
| Dec 31, 2023 | 12.66 |
| Sep 30, 2023 | 10.85 |
| Jun 30, 2023 | 12.63 |
| Mar 31, 2023 | 12.06 |
| Dec 31, 2022 | 11.79 |
| Sep 30, 2022 | 12.33 |
| Jun 30, 2022 | 11.99 |
| Mar 31, 2022 | 12.89 |
| Dec 31, 2021 | 13.97 |
| Sep 30, 2021 | 12.92 |
API Access
Waste Management EV to EBITDA API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=ev-to-ebitda&ticker=WM&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ev-to-ebitda", "ticker": "WM", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=ev-to-ebitda&ticker=WM&period=max&api_key=YOUR_API_KEY");
const data = await res.json();