Waste Management (WM) FCF Margin (2009 - 2026)
Waste Management (WM) reported FCF Margin of 16.40% for Q2 2026, up 3.75 percentage points from 12.64% a year earlier and up 2.73 percentage points from the prior quarter.
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Analysis
Waste Management (WM) FCF Margin (2009 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, Waste Management's FCF Margin came in at 13.92%, up 4.89 percentage points year-over-year; for FY2025, it came in at 11.17%, up 1.39 percentage points from FY2024.
- FCF Margin has a five-year change of -0.46 percentage points (FY2020 to FY2025).
- By year, FCF Margin came in at 9.79% in FY2024 (+0.86 pp), 8.93% in FY2023 (-0.96 pp), 9.89% in FY2022 (-3.68 pp) and 13.57% in FY2021 (+1.94 pp).
- The Q2 2026 figure ranks as the highest quarterly FCF Margin since Q1 2022.
- Year over year, FCF Margin has now increased in each of the last five quarters, with an average year-over-year change of +1.89 percentage points over the last eight quarters.
- The high point for year-over-year FCF Margin in five years was Q1 2026 (a gain of 7.40 percentage points); the low point was Q1 2023 (a drop of 10.17 percentage points).
- Per Business Quant data, the three quarters before Q2 2026 came in at 13.67% (Q1 2026), 12.83% (Q4 2025) and 12.66% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Waste Management | 82.59 Bn | 81.50 Bn | 2.73 Bn | 16.40% |
| 2 | Republic Services | 65.21 Bn | 64.82 Bn | 1.87 Bn | 17.18% |
| 3 | Waste Connections | 39.38 Bn | 39.00 Bn | 1.08 Bn | 16.82% |
| 4 | Clean Harbors | 16.54 Bn | 13.55 Bn | 608.78 Mn | 6.51% |
| 5 | GFL Environmental | 15.37 Bn | 13.05 Bn | 385.80 Mn | 36.19% |
| 6 | Casella Waste Systems | 5.11 Bn | 4.23 Bn | 178.80 Mn | 4.87% |
| 7 | Onterris | 512.61 Mn | 471.88 Mn | 82.26 Mn | 0.27% |
| 8 | Perma Fix Environmental Services | 331.69 Mn | 223.25 Mn | -2.50 Mn | -54.27% |
| 9 | Deep Isolation Nuclear | 204.72 Mn | 204.72 Mn | 707,000.00 | -216.76% |
| 10 | Comstock | 185.32 Mn | 188.64 Mn | -896,073.00 | -5,527.91% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 16.40% |
| Mar 31, 2026 | 13.67% |
| Dec 31, 2025 | 12.83% |
| Sep 30, 2025 | 12.66% |
| Jun 30, 2025 | 12.64% |
| Mar 31, 2025 | 6.26% |
| Dec 31, 2024 | 6.72% |
| Sep 30, 2024 | 10.29% |
| Jun 30, 2024 | 9.02% |
| Mar 31, 2024 | 13.55% |
| Dec 31, 2023 | 6.52% |
| Sep 30, 2023 | 11.35% |
| Jun 30, 2023 | 9.96% |
| Mar 31, 2023 | 7.85% |
| Dec 31, 2022 | 3.79% |
| Sep 30, 2022 | 8.37% |
| Jun 30, 2022 | 9.89% |
| Mar 31, 2022 | 18.02% |
| Dec 31, 2021 | 4.64% |
| Sep 30, 2021 | 15.43% |
API Access
Waste Management FCF Margin 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=fcf-margin&ticker=WM&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "fcf-margin", "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=fcf-margin&ticker=WM&period=max&api_key=YOUR_API_KEY");
const data = await res.json();