Waste Management (WM) EV to FCF (2009 - 2026)
Waste Management's EV to FCF was 24.80 in Q2 2026, down 41.5% from 42.41 a year earlier and down 11.6% from the prior quarter.
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Analysis
Waste Management (WM) EV to FCF (2009 - 2026) Analysis & Trends
On a trailing twelve-month basis, Waste Management's EV to FCF was 24.65 through Jun 30, 2026, down 41.1% year-over-year; for FY2025, it came in at 31.40, down 16.0% from FY2024.
- In earlier years, EV to FCF was 37.39 in FY2024 (-4.6%), 39.18 in FY2023 (+19.9%), 32.68 in FY2022 (+14.7%) and 28.48 in FY2021 (+2.9%).
- The Q2 2026 figure marks the lowest quarterly EV to FCF since Q3 2021.
- Compared with a year earlier, EV to FCF has declined for four straight quarters, with an average decline of 9.2% over the last eight quarters.
- The best year-over-year quarter for EV to FCF over five years was Q2 2023 (growth of 69.8%); the worst was Q1 2026 (a decline of 44.6%).
- Per Business Quant data, WM's EV to FCF in the three quarters before Q2 2026 was 28.05 (Q1 2026), 31.40 (Q4 2025) and 36.97 (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Waste Management | 81.64 Bn | 80.55 Bn | 2.73 Bn |
| 2 | Republic Services | 64.27 Bn | 63.89 Bn | 1.87 Bn |
| 3 | Waste Connections | 38.82 Bn | 38.45 Bn | 1.08 Bn |
| 4 | Clean Harbors | 16.38 Bn | 13.39 Bn | 608.78 Mn |
| 5 | GFL Environmental | 15.51 Bn | 13.19 Bn | 385.80 Mn |
| 6 | Casella Waste Systems | 5.03 Bn | 4.15 Bn | 178.80 Mn |
| 7 | Onterris | 470.12 Mn | 429.40 Mn | 82.26 Mn |
| 8 | Perma Fix Environmental Services | 331.90 Mn | 223.46 Mn | -2.50 Mn |
| 9 | Deep Isolation Nuclear | 182.23 Mn | 182.23 Mn | 707,000.00 |
| 10 | Comstock | 177.73 Mn | 181.05 Mn | -896,073.00 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 24.80 |
| Mar 31, 2026 | 28.05 |
| Dec 31, 2025 | 31.40 |
| Sep 30, 2025 | 36.97 |
| Jun 30, 2025 | 42.41 |
| Mar 31, 2025 | 50.60 |
| Dec 31, 2024 | 37.39 |
| Sep 30, 2024 | 39.33 |
| Jun 30, 2024 | 40.38 |
| Mar 31, 2024 | 39.84 |
| Dec 31, 2023 | 39.18 |
| Sep 30, 2023 | 36.67 |
| Jun 30, 2023 | 46.56 |
| Mar 31, 2023 | 44.30 |
| Dec 31, 2022 | 32.68 |
| Sep 30, 2022 | 33.16 |
| Jun 30, 2022 | 27.41 |
| Mar 31, 2022 | 27.09 |
| Dec 31, 2021 | 28.48 |
| Sep 30, 2021 | 24.21 |
API Access
Waste Management EV to FCF 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-fcf&ticker=WM&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ev-to-fcf", "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-fcf&ticker=WM&period=max&api_key=YOUR_API_KEY");
const data = await res.json();