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Track WM free→Waste Management (WM)
NYSEIndustrialsWaste ManagementSnapshot 2026-06-15
Watch· 1–3 mo
$216.93-1.15%
Close 2026-06-15 · 1-day change
Recent financial performance sits below its industry cohort — worth keeping an eye on, though it has not freshly broken.
The bottom line
Recent financial performance is steady, while earnings quality is robust, cash backs up reported profits. Management's recent track record has been unsteady, with frequent disruptive corporate changes, although it has a capital-friendly stance. Risk is moderate, and the sector backdrop is a headwind, with WM trading above typical compared to sector peers. Peer multiples imply a price about 4% above where it trades (it looks cheap on this basis); the read is fair. If WM cuts guidance on the next call, that could be a meaningful negative. This read is provisional.
as of 2026-06-15
Quick facts
- Exchange
- NYSE
- Sector
- Industrials
- Industry
- Waste Management
- Market cap
- $88.13B
- Employees
- 60,500
- IPO date
- 1995-05-12
- Next earnings
- 2026-07-27
Price
Daily closes. Earnings/event dots are placed inline.
Adjusted daily closes (split & dividend). Scroll over the chart to zoom; click a range to reset.
EarningsMaterial event
What's priced in
(what the market already expects)What it's worth (estimated)
A consensus fair price across 7 valuation methods, at three horizons. Current price $216.93. Estimates are diagnostics, not price targets. Short-horizon estimates are close to coin-flips, so confidence is a method-agreement read, not a prediction.
12-month· primaryfair
$224.89consensus
Range $214.15 – $244.11
vs price: -4% below
Method agreement — · 7 methods
No-growth: today's peer multiple on trailing earnings. The headline read.
3-yearinexpensive
$333.91consensus
Range $292.64 – $407.76
vs price: -35% below
Method agreement — · 5 methods
Embeds projected growth. Leans optimistic by design. Upside context.
5-yearinexpensive
How much to trust our fair value
We take the 12-month fair value above and grade our own number — how the market prices this name versus what we'd justify, and where the two diverge.
Aligned with peershigh confidence
At $217 WM trades at 28× p/e, in line with its 26× p/e peer median. Our $227 fair value reflects that, high confidence. Not investment advice.
Multiple (P/E)
28.4x
peer 26.4x · own history 30.2x
Premium
1.1x peer
0.9x its own history
Growth the price needs
-4%
our forecast 18%
Our fair value
$226.79
range $214.96 – $246.79
How this stock is priced
One valuation read at a 12-month horizon, plus how price compares to peers and the company's own history.
Long-term · 1–3 yr
fairfair12-month view
What's priced inJustified
The price implies about 4% below a flat-multiple fair value, below our forecast of about 18%. This describes what's priced in, not a forecast of the move.
Low fragilityrisk posture, not a price call
No fragility gates fired.
Historical context
For similar setups historically (n=20,154): about 33% saw a 20%+ drawdown, and roughly 76% of those did not recover within the year. These are historical base rates for the cohort, not a forecast of this stock.
How strong is the business
(quality & execution)Factor signals
Each factor is a parallel diagnostic with a clear read of what it shows and how names like it have historically fared. Never aggregated into a single score.
Recent financial performance
neutralOperating income rose in 1 of the last 3 quarter-over-quarter moves. Historically, Industrials names rated neutral grew net income 57% of the time over the next year (vs 64% for the rest of the cohort, n=4882).
45th pctl · Industrials
Earnings quality
robustOver the trailing year it converted 2.27x of net income into operating cash flow. Historically, Industrials names rated robust grew net income 64% of the time over the next year (vs 57% for the rest of the cohort, n=3333).
77th pctl · Industrials
Macro sensitivity
Not enough signal yet.
Not enough signal to read sensitivity to the broad stock market, the US dollar, real (inflation-adjusted) rates, long-term interest rates, Fed net liquidity.
Management & capital allocation
volatile21 material management or governance events in the past 24 months, led by capital-allocation actions. Historically, Industrials names rated volatile grew net income 59% of the time over the next year (vs 59% for the rest of the cohort, n=840).
Earnings setup & market context
The next print and the backdrop around it (sector regime and the AI cycle). Context for the path, not a forecast of returns.
Earnings setup · pre-print positioning
forward-looking
Neutral24 analysts, 68% Buyfor period ending 2026-06-30
Why this setup
Consensus revisions
EPS estimate $1.99 → $1.99 (+0.1% / 30d). 8 raised, 14 cut, 24 covering analysts.
Rating actions
0 upgrades, 0 downgrades / 30d. 68% of analysts rate Buy.
Sector context
Intermediate · WeeklySector phase: industrials is in maturing, with decelerating (~3.2 years in phase).
Sector regime (90d momentum): headwind.Secular epoch: Growth by revenue growth · theme aerospace-recovery.headwind
Management scorecard
How management runs the business: capital, margins, balance sheet, and how reliably they guide and deliver.
Long-term · 1–3 yr
Overall: strong
- Capital allocation
- strong
- Earnings discipline
- neutral
- Margin discipline
- strong
- Balance sheet
- strong
- Post-call reaction
- strong
How bumpy is the path
(risk while you hold it)Risk: how this stock moves
What a normal day, a bad day, and the worst of the last year would mean for a $10,000 position.
Intermediate · WeeklyLong-term · 1–3 yr
On a typical day, $10k can swing ±$74.
How much price usually moves either way.
On a bad day, this stock has moved -$177.
A rough but not unusual down day (about the 95th percentile).
In the worst 12 months, $10k could have lost $1,670.
Deepest peak-to-trough drop in the last year.
moderateas of 2026-06-15
Past results, not a forecast. Not investment advice.
What would change the read
(catalysts & re-read triggers)What changed
The most important moves since the prior daily snapshot.
Short-term · Daily
- No material changes since the prior snapshot.
No material changes since the prior snapshot.
as of 2026-06-15
What to watch next
Specific, dated things to watch for, each with what would confirm it and what would prove it wrong.
Long-term · 1–3 yr
- UpsideHigh confidenceQuartersactive 22d
Watch for growth in adjusted operating EBITDA margin. This shows how well the company is doing.
Why it matters: Expanding margins indicate better cost management. This is a key focus for the company.
What confirms / what disproves
Confirms:Adjusted operating EBITDA margin goes up by more than 1% from last quarter.
Disproves:Adjusted operating EBITDA margin goes down or stays the same from last quarter.
Management priorities
News catalysts
Recent news graded against this company's own objectives — whether it reinforces or challenges the thesis, and how confirmed it is.
No graded news catalysts for WM yet.
This sector is also watching
- Watch for impacts from upcoming FOMC decisions
- Watch for revenue growth speeding up in Industrials
What could change this view
Conditional scenarios: if X happens, the view would shift in this direction. These are not predictions.
Intermediate · Weekly
Upside triggers
- If sector bellwethers like RSG, CLH, and CWST keep beating earnings and guiding higher, the Industrials sector momentum should keep lifting WM and other Industrials names. Worth watching these names for early signals.
- If WM raises forward guidance on the next earnings call (currently NEW as of 2026-04-28), that's a momentum boost. Street estimates typically follow guidance up and the stock tends to re-rate higher.
Downside triggers
- If WM cuts guidance on the next call (currently NEW as of 2026-04-28), that's a meaningful negative. The Street tends to walk down estimates and the stock usually takes a leg lower.
- If sector bellwethers like RSG, CLH, and CWST start missing or guiding lower, the Industrials tailwind helping WM and other Industrials names could fade. Watch these names for early warning.
- If GDP growth slows materially from the current 2.6% (say, below 2%), it hits WM and other Industrials names harder than the average stock, since the sector is growth-sensitive.
Recent events
(material 8-K / filing activity)Material updates
Recent SEC 8-K filings ranked by likely impact, confidence, and recency.
- 2026-05-131mo agoItem 5.02
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. Retirement of Mr. Carrasco On May 8, 2026, Mr. Rafael E. Carrasco, Senior Vice President, Enterprise Strategy and President, WM Healthcare Solutions of Waste Management, Inc. (the “Company”), provided notice of his decision to retire as of July 17, 2026. The Company is grateful to Mr. Carrasco for his 10 years of dedicated service to the Company in…
Executive changeneutral
Score history
Whether the overall read has been drifting up or down lately, and how it's changed since last week.
+2.6 vs last weeklatest as of 2026-06-16
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.