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WM: the trash compounder now has to digest a bigger asset base

WMResearch reportPosted by Goglides ResearchMay 19, 2026
NYSEWMCoverage BootstrapWaste Management, Inc.

Thesis summary

WM reported FY2025 revenue of $25.20 billion and Q1 2026 revenue of $6.23 billion, with the official record making pricing, route density, recycling, renewable energy, Stericycle integration, capex and leverage the central proof points.

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WM reported FY2025 revenue of $25.20 billion and Q1 2026 revenue of $6.23 billion, with the official record making pricing, route density, recycling, renewable energy, Stericycle integration, capex and leverage the central proof points.

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