Wall Street analyst estimates for Waste Management, Inc. (WM): consensus price target, buy/hold/sell recommendations and forecasts for revenue and EPS for the upcoming fiscal years.
Waste Management, Inc. (WM) functions as a premier provider of environmental waste solutions across North America, serving a diverse client base that includes residential, commercial, industrial, and municipal customers.
Revenue and EPS estimates
| Fiscal year | Revenue (average) | Revenue (low – high) | EPS (average) | Analysts |
|---|---|---|---|---|
| 2026E | $26.4B | $26.0B – $26.6B | $8.11 | 17 |
| 2027E | $27.8B | $27.5B – $28.3B | $9.04 | 18 |
| 2028E | $29.1B | $28.4B – $29.8B | $9.87 | 12 |
Figures in USD · consensus as of October 26, 2026
Analyst Consensus
| Strong Buy | 0 |
| Buy | 20 |
| Hold | 15 |
| Sell | 0 |
| Strong Sell | 0 |
| Total analysts | 35 |
| Avg rating (−2 sell to +2 buy) | 0.57 |
Recent Earnings Surprises
| Date | EPS Actual | EPS Est. | vs Est. |
|---|---|---|---|
| 2027-02-03 | $2.10 | ||
| 2026-10-27 | $2.15 | $2.18 | -1.4% |
| 2026-07-28 | $2.02 | $1.98 | +2.0% |
| 2026-04-28 | $1.81 | $1.75 | +3.4% |
| 2026-01-28 | $1.93 | $1.95 | -1.0% |
| 2025-10-27 | $1.98 | $2.01 | -1.5% |
| 2025-07-28 | $1.92 | $1.89 | +1.6% |
| 2025-04-28 | $1.67 | $1.59 | +5.0% |
Valuation Ratios
| P/E Ratio | 31.89 |
| Price / Book | 9.10 |
| EV / EBITDA | 12.84 |
| Dividend Yield | 1.63% |
Income Statement (10y)
| Year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $13.61B | $14.48B | $14.91B | $15.46B | $15.22B | $17.93B | $19.70B | $20.43B | $22.06B | $25.20B |
| Cost of Revenue | $9.79B | $10.40B | $10.73B | $11.07B | $11.01B | $13.11B | $14.33B | $14.68B | $15.65B | $17.88B |
| Gross Profit | $3.82B | $4.09B | $4.19B | $4.38B | $4.21B | $4.82B | $5.37B | $5.75B | $6.41B | $7.33B |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Selling, General & Admin | $1.41B | $1.47B | $1.45B | $1.63B | $1.73B | $1.81B | $1.93B | $1.93B | $2.26B | $2.72B |
| Operating Expenses | $1.41B | $1.47B | $1.45B | $1.63B | $1.73B | $1.81B | $1.93B | $1.93B | $2.26B | $2.72B |
| Operating Income | $2.41B | $2.62B | $2.73B | $2.75B | $2.48B | $3.01B | $3.44B | $3.82B | $4.15B | $4.61B |
| EBITDA | $3.49B | $3.92B | $4.22B | $4.09B | $4.09B | $4.82B | $5.45B | $5.72B | $6.46B | $5.07B |
| Interest Expense | $365.0M | $351.0M | $363.0M | $411.0M | $425.0M | $365.0M | $378.0M | $500.0M | $598.0M | $912.0M |
| Pre-tax Income | $1.82B | $2.19B | $2.38B | $2.10B | $1.89B | $2.35B | $2.92B | $3.02B | $3.46B | $3.43B |
| Income Tax | $642.0M | $242.0M | $453.0M | $434.0M | $397.0M | $532.0M | $678.0M | $745.0M | $713.0M | $717.0M |
| Net Income | $1.18B | $1.95B | $1.93B | $1.67B | $1.50B | $1.82B | $2.24B | $2.30B | $2.75B | $2.71B |
| EPS | $2.66 | $4.44 | $4.49 | $3.93 | $3.54 | $4.32 | $5.42 | $5.69 | $6.84 | $6.72 |
| EPS (Diluted) | $2.65 | $4.41 | $4.45 | $3.91 | $3.52 | $4.29 | $5.39 | $5.66 | $6.81 | $6.70 |
| Shares Outstanding (Diluted) | 446.5 M | 441.9 M | 432.2 M | 427.5 M | 425.1 M | 422.9 M | 415.0 M | 406.9 M | 403.4 M | 404.2 M |
Price
| Price | $225.15 (closing price, October 28, 2026) |
| Market Cap | $90.0B |
| Exchange | NYSE |
| Country | US |
Related companies: CWST · RSG · WCN · CLH · GFL
Explore sector: Industrials · Waste Management
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