Waste Management (WM) 10-K Summary — Year Ended Dec 31, 2025
Waste Management, Inc. filed its annual report for the fiscal year. The report discusses the company's business, risk factors, financial performance, and liquidity.
Key takeaway
Year ended Dec 31, 2025 · FY2025 10-K
Waste Management, Inc. filed its annual report for the fiscal year. The report discusses the company's business, risk factors, financial performance, and liquidity.
Financial snapshot
Selected annual figures reported with the filing, shown separately from the narrative summary.
Annual revenue
$25.2B
Revenue reported for the fiscal year.
Operating income
$4.3B
Income from operations reported for the year.
Net income
$2.7B
Net income reported for the year.
Operating cash flow
$6B
Cash generated by operating activities.
Annual revenue trend
Reported annual revenue and its change from the preceding fiscal year.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Dec 31, 2022 | $19.7B | +9.9% |
| Dec 31, 2023 | $20.4B | +3.7% |
| Dec 31, 2024 | $22.1B | +8.0% |
| Dec 31, 2025 | $25.2B | +14.2% |
Business overview
Waste Management, Inc. is a waste management company. The filing includes a business overview section and risk factors. The company generates cash flow from operations to support dividends, investments, and strategic growth.
Financial performance
Revenue increased over the reported period. The company reported operating income, net income, and operating cash flow. Financial metrics indicate positive performance.
Material risks
The filing includes a risk factors section. Specific risk details are not provided in the supplied data. The company acknowledges potential risks typical for its industry.
Liquidity and capital
The company consistently generates cash flow from operations that exceeds working capital needs, allowing for dividends, capital expenditures, and strategic investments. It maintains investment grade credit ratings and believes it can obtain adequate financing.
What to watch
Monitor the company's capital expenditure and share repurchase plans as they may be adjusted during market disruptions.