Sector: Industrials|Industry: Waste Management|Market Cap: $82.45B|Employees: 48K
Waste Management, Inc. is North America's leading provider of comprehensive environmental solutions, offering services throughout the U.S. and Canada. The company's core business model focuses on managing waste at each stage, from collection to disposal, while also recovering valuable resources and creating clean, renewable energy. Waste Management holds a strong market position with the largest network of landfills in North America, operating in distinct geographic areas.
Q1 2025 revenues reached $6.018 billion, a $859 million increase compared to $5.159 billion in Q1 2024. This growth is attributed to the Stericycle acquisition, higher yield in collection and disposal, tuck-in acquisitions, and increased volumes in landfill, recycling, and WM Renewable Energy, partially offset by lower industrial and residential collection volumes.
Net income attributable to Waste Management, Inc. was $637 million ($1.58 per diluted share) compared to $708 million ($1.75 per diluted share) in the prior year. The decrease is primarily due to increased interest expense from debt incurred for the Stericycle acquisition and higher corporate and other costs related to Stericycle integration, partially offset by a reduction in income tax expense.
Operating expenses were $3,647 million, or 60.6% of revenues, compared with $3,140 million, or 60.9% of revenues, in the prior year period. The $507 million increase is primarily attributable to (i) the impact of our recent acquisitions and (ii) inflationary impacts.