earnings
confidence high
sentiment positive
materiality 0.80
WM Q3 2025: adj EPS $1.98, rev $6.44B (+14.9%); record C&D margin; reaffirms FY guidance
WASTE MANAGEMENT INC
2025-Q3 EPS
reported $4.87
vs consensus $2.08
▲ beat
(+134.2%)
- Revenue $6.44B (+14.9%); WM Legacy Business revenue $5.82B (+3.7%).
- Adjusted operating EBITDA $1.97B (+15.2% YoY); margin 30.6%.
- Free cash flow YTD $2.11B (+13.5%); FY 2025 FCF guidance reaffirmed $2.8-2.9B.
- Collection & Disposal adjusted operating EBITDA margin 38.4% (record).
- Four new sustainability projects completed; 10 of 20 planned RNG facilities operational.