Waste Management (WM) FCF Margin (2009 - 2026)

Waste Management (WM) posted FCF Margin of 16.4% for Q2 2026, up 19.98% sequentially from 13.67% in Q1 2026, and up 375.0% YoY from 3.45% in Q2 2025.

Waste Management (WM) FCF Margin (2009 - 2026) Analysis & Trends

Waste Management has reported FCF Margin for 18 years, with the latest figure at 16.4% in Q2 2026.

Quarterly FCF Margin rose 375.0% year-over-year to 16.4% in Q2 2026, while the trailing twelve-month figure through Jun 2026 was 13.92% (up 489.0% YoY) and the FY2025 annual result came in at 11.17%, up 139.0% from the prior year.
FCF Margin improved to 16.4% in Q2 2026 per WM's latest filing, from 13.67% in the prior quarter.
Over five years, FCF Margin peaked at 18.02% in Q1 2022 and troughed at 3.79% in Q4 2022.
A 5-year average of 10.54% and a median of 10.12% in 2024 frame the typical range for FCF Margin.
The sharpest annual moves came in 2023 and 2026: FCF Margin plunged 1017 bps in 2023, then surged 740 bps in 2026.
Over 5 years, FCF Margin stood at 3.79% in 2022, then soared by 72 bps to 6.52% in 2023, then rose by 3 bps to 6.72% in 2024, then soared by 91 bps to 12.83% in 2025, then increased by 28 bps to 16.4% in 2026.
According to Business Quant data, FCF Margin over the past three periods registered 16.4%, 13.67%, and 12.83% for Q2 2026, Q1 2026, and Q4 2025 respectively.

#	Company	Market Cap	Enterprise Value	Gross Profit (Qtr)	FCF Margin (Qtr)
1	Waste Management	89.98 Bn	89.42 Bn	2.73 Bn	16.40%
2	Republic Services	67.63 Bn	67.53 Bn	1.87 Bn	17.18%
3	Waste Connections	42.90 Bn	42.80 Bn	1.08 Bn	16.82%
4	Clean Harbors	16.68 Bn	16.16 Bn	608.78 Mn	6.51%
5	GFL Environmental	14.89 Bn	14.70 Bn	278.90 Mn	39.66%
6	Casella Waste Systems	5.91 Bn	5.88 Bn	178.80 Mn	4.87%
7	Sino Green Land	972.56 Mn	972.48 Mn	-78,936.00	-272.32%
8	Onterris	562.15 Mn	548.46 Mn	82.26 Mn	0.27%
9	Perma Fix Environmental Services	341.05 Mn	307.10 Mn	-2.50 Mn	-54.27%
10	American Battery Technology	335.57 Mn	296.29 Mn	737,749.00	-120.60%

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