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Waste Management Valuation Multiples
Discover revenue and EBITDA valuation multiples for Waste Management and similar public comparables like Republic Services, Waste Connections, Veolia, Veralto and more.
Waste Management Overview
About Waste Management
WM, previously known as Waste Management, ranks as the largest integrated provider of traditional solid waste services in the United States, operating 262 active landfill sites and about 339 transfer stations that help with transporting waste efficiently and economically. The company serves residential, commercial, industrial, and medical end markets for waste collection, transfer, and disposal. The company also has an energy business emanating from the beneficial use of landfill gas and is a leading recycler in North America.
Founded
1995
HQ
Employees
60.5K
Website
Financials (LTM)
EV
$121B
Waste Management Financials
Waste Management reported last 12-month revenue of $25B and EBITDA of $8B.
In the same LTM period, Waste Management generated $10B in gross profit, $8B in EBITDA, and $3B in net income.
Revenue (LTM)
Waste Management P&L
In the most recent fiscal year, Waste Management reported revenue of $25B and EBITDA of $8B.
Waste Management expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $25B | XXX | $25B | XXX | XXX | XXX |
| Gross Profit | $10B | XXX | $10B | XXX | XXX | XXX |
| Gross Margin | 41% | XXX | 40% | XXX | XXX | XXX |
| EBITDA | $8B | XXX | $8B | XXX | XXX | XXX |
| EBITDA Margin | 30% | XXX | 30% | XXX | XXX | XXX |
| EBIT Margin | 19% | XXX | 19% | XXX | XXX | XXX |
| Net Profit | $3B | XXX | $3B | XXX | XXX | XXX |
| Net Margin | 12% | XXX | 12% | XXX | XXX | XXX |
| Net Debt | — | — | $23B | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Waste Management Stock Performance
Waste Management has current market cap of $98B, and enterprise value of $121B.
Market Cap Evolution
Waste Management's stock price is $243.07.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $121B | $98B | 0.0% | XXX | XXX | XXX | $7.51 |
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Start Free TrialWaste Management Valuation Multiples
Waste Management trades at 4.7x EV/Revenue multiple, and 15.6x EV/EBITDA.
EV / Revenue (LTM)
Waste Management Financial Valuation Multiples
As of March 25, 2026, Waste Management has market cap of $98B and EV of $121B.
Equity research analysts estimate Waste Management's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Waste Management has a P/E ratio of 31.7x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $98B | XXX | $98B | XXX | XXX | XXX |
| EV (current) | $121B | XXX | $121B | XXX | XXX | XXX |
| EV/Revenue | 4.7x | XXX | 4.8x | XXX | XXX | XXX |
| EV/EBITDA | 15.6x | XXX | 15.9x | XXX | XXX | XXX |
| EV/EBIT | 25.0x | XXX | 25.6x | XXX | XXX | XXX |
| EV/Gross Profit | 11.7x | XXX | 11.8x | XXX | XXX | XXX |
| P/E | 31.7x | XXX | 32.3x | XXX | XXX | XXX |
| EV/FCF | 38.5x | XXX | 41.1x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Waste Management Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.
Waste Management Margins & Growth Rates
Waste Management's revenue in the last 12 month grew by 5%.
Waste Management's revenue per employee in the last FY averaged $0.4M.
Waste Management's rule of 40 is 35% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Waste Management's rule of X is 43% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
Waste Management Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 5% | XXX | 5% | XXX | XXX | XXX |
| EBITDA Margin | 30% | XXX | 30% | XXX | XXX | XXX |
| EBITDA Growth | 8% | XXX | 8% | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 35% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 43% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.4M | XXX | XXX | XXX |
| G&A Expenses to Revenue | 10% | XXX | 10% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 22% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Waste Management Public Comps
See public comps and valuation multiples for other Waste & Environmental Services comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Republic Services | XXX | XXX | XXX | XXX | XXX | XXX |
| Waste Connections | XXX | XXX | XXX | XXX | XXX | XXX |
| Veolia | XXX | XXX | XXX | XXX | XXX | XXX |
| Veralto | XXX | XXX | XXX | XXX | XXX | XXX |
| GFL Environmental | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Waste Management M&A Activity
Waste Management acquired XXX companies to date.
Last acquisition by Waste Management was on XXXXXXXX, XXXXX. Waste Management acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Waste Management
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialWaste Management Investment Activity
Waste Management invested in XXX companies to date.
Waste Management made its latest investment on XXXXXXXX, XXXXX. Waste Management invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Waste Management
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout Waste Management
| When was Waste Management founded? | Waste Management was founded in 1995. |
| Where is Waste Management headquartered? | Waste Management is headquartered in United States. |
| How many employees does Waste Management have? | As of today, Waste Management has over 60K employees. |
| Who is the CEO of Waste Management? | Waste Management's CEO is James C. Fish. |
| Is Waste Management publicly listed? | Yes, Waste Management is a public company listed on NYSE. |
| What is the stock symbol of Waste Management? | Waste Management trades under WM ticker. |
| When did Waste Management go public? | Waste Management went public in 1988. |
| Who are competitors of Waste Management? | Waste Management main competitors are Republic Services, Waste Connections, Veolia, Veralto. |
| What is the current market cap of Waste Management? | Waste Management's current market cap is $98B. |
| What is the current revenue of Waste Management? | Waste Management's last 12 months revenue is $25B. |
| What is the current revenue growth of Waste Management? | Waste Management revenue growth (NTM/LTM) is 5%. |
| What is the current EV/Revenue multiple of Waste Management? | Current revenue multiple of Waste Management is 4.7x. |
| Is Waste Management profitable? | Yes, Waste Management is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Waste Management? | Waste Management's last 12 months EBITDA is $8B. |
| What is Waste Management's EBITDA margin? | Waste Management's last 12 months EBITDA margin is 30%. |
| What is the current EV/EBITDA multiple of Waste Management? | Current EBITDA multiple of Waste Management is 15.6x. |
| What is the current FCF of Waste Management? | Waste Management's last 12 months FCF is $3B. |
| What is Waste Management's FCF margin? | Waste Management's last 12 months FCF margin is 12%. |
| What is the current EV/FCF multiple of Waste Management? | Current FCF multiple of Waste Management is 38.5x. |
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