Waste Management (WM) Free Cash Flow (2009 - 2026)
Waste Management's Free Cash Flow was $1.1 billion in Q2 2026, up 34.8% from $813 million a year earlier and up 28.8% from the prior quarter.
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Analysis
Waste Management (WM) Free Cash Flow (2009 - 2026) Analysis & Trends
On a trailing twelve-month basis, Waste Management's Free Cash Flow was $3.57 billion through Jun 30, 2026, up 65.2% year-over-year; for FY2025, it came in at $2.82 billion, up 30.4% from FY2024.
- Free Cash Flow shows a five-year compound annual growth rate of 9.7% (FY2020 to FY2025).
- In earlier years, Free Cash Flow was $2.16 billion in FY2024 (+18.4%), $1.82 billion in FY2023 (-6.4%), $1.95 billion in FY2022 (-19.9%) and $2.43 billion in FY2021 (+37.4%).
- The Q2 2026 figure marks the highest quarterly Free Cash Flow in data going back to Q1 2009.
- Compared with a year earlier, Free Cash Flow has increased for five straight quarters, with growth averaging 42.7% over the last eight quarters.
- The best year-over-year quarter for Free Cash Flow over five years was Q1 2026 (growth of 125.7%); the worst was Q1 2023 (a decline of 54.3%).
- Per Business Quant data, WM's Free Cash Flow in the three quarters before Q2 2026 was $851 million (Q1 2026), $810 million (Q4 2025) and $816 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF (Qtr) |
|---|---|---|---|---|---|
| 1 | Waste Management | 81.64 Bn | 80.55 Bn | 2.73 Bn | 1.10 Bn |
| 2 | Republic Services | 64.27 Bn | 63.89 Bn | 1.87 Bn | 761.00 Mn |
| 3 | Waste Connections | 38.82 Bn | 38.45 Bn | 1.08 Bn | 430.94 Mn |
| 4 | Clean Harbors | 16.38 Bn | 13.39 Bn | 608.78 Mn | 112.98 Mn |
| 5 | GFL Environmental | 15.51 Bn | 13.19 Bn | 385.80 Mn | 704.90 Mn |
| 6 | Casella Waste Systems | 5.03 Bn | 4.15 Bn | 178.80 Mn | 26.46 Mn |
| 7 | Onterris | 470.12 Mn | 429.40 Mn | 82.26 Mn | 499,000.00 |
| 8 | Perma Fix Environmental Services | 331.90 Mn | 223.46 Mn | -2.50 Mn | -6.99 Mn |
| 9 | Deep Isolation Nuclear | 182.23 Mn | 182.23 Mn | 707,000.00 | -2.86 Mn |
| 10 | Comstock | 177.73 Mn | 181.05 Mn | -896,073.00 | -15.08 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 1.10 Bn |
| Mar 31, 2026 | 851.00 Mn |
| Dec 31, 2025 | 810.00 Mn |
| Sep 30, 2025 | 816.00 Mn |
| Jun 30, 2025 | 813.00 Mn |
| Mar 31, 2025 | 377.00 Mn |
| Dec 31, 2024 | 396.00 Mn |
| Sep 30, 2024 | 577.00 Mn |
| Jun 30, 2024 | 487.00 Mn |
| Mar 31, 2024 | 699.00 Mn |
| Dec 31, 2023 | 340.00 Mn |
| Sep 30, 2023 | 590.00 Mn |
| Jun 30, 2023 | 510.00 Mn |
| Mar 31, 2023 | 384.00 Mn |
| Dec 31, 2022 | 187.00 Mn |
| Sep 30, 2022 | 425.00 Mn |
| Jun 30, 2022 | 497.00 Mn |
| Mar 31, 2022 | 840.00 Mn |
| Dec 31, 2021 | 217.00 Mn |
| Sep 30, 2021 | 720.00 Mn |
API Access
Waste Management Free Cash Flow 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=free-cash-flow&ticker=WM&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "free-cash-flow", "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=free-cash-flow&ticker=WM&period=max&api_key=YOUR_API_KEY");
const data = await res.json();