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

Waste Management's (WM) quarterly FCF Margin came in at 13.67% in Q1 2026, up 740.0% year-on-year from 1.63% in Q1 2025, and up 6.51% quarter-over-quarter from 12.83% in Q4 2025.

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

Waste Management has disclosed FCF Margin across 18 years of filings, most recently posting 13.67% for Q1 2026.

  • FCF Margin for Q1 2026 came in at 13.67%, up 740.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 12.95% (up 493.0% YoY), and the FY2025 annual result was 11.17%, up 139.0% from the prior year.
  • FCF Margin came in at 13.67% for Q1 2026 at Waste Management, up from 12.83% in the prior quarter.
  • In the past five years, FCF Margin ranged from a high of 18.02% in Q1 2022 to a low of 3.79% in Q4 2022.
  • The 5-year median for FCF Margin is 9.96% (2023), against an average of 10.2%.
  • Across the five-year window, FCF Margin plunged 1017 bps in 2023 and soared 740 bps in 2026, its largest moves.
  • Waste Management's FCF Margin stood at 3.79% in 2022, then jumped by 72 bps to 6.52% in 2023, then grew by 3 bps to 6.72% in 2024, then jumped by 91 bps to 12.83% in 2025, then increased by 7 bps to 13.67% in 2026.
  • The last three FCF Margin figures came in at 13.67% (Q1 2026), 12.83% (Q4 2025), and 12.66% (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) FCF Margin (Qtr)
1 GFL Environmental 252.38 Bn 252.50 Bn 218.62 Mn -
2 Waste Connections 40.24 Bn 40.13 Bn 1.01 Bn 10.50%
3 Clean Harbors 15.26 Bn 14.59 Bn 445.42 Mn -6.31%
4 Casella Waste Systems 5.57 Bn 5.43 Bn 148.40 Mn 2.68%
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 -120.60%
8 Waste Management 198.93 Mn 41.93 Mn 2.53 Bn 13.67%
9 Perma Fix Environmental Services 184.86 Mn 164.86 Mn -2.88 Mn -41.73%
10 One & one Green Technologies 144.62 Mn 143.66 Mn - -

Historic Data

Download Data
DateValue
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%
Jun 30, 2021 14.45%