WMWaste Management

Industrials · Waste Management · NYSE

Waste Management, Inc. is a holding company and all operations are conducted by its subsidiaries. 10-K, Item 1

Employees: 60,500
Headquarters: Houston, TX
Next results: around Jan 27, 2027

RevenueFY2016–25 $25.2B+14.2% Highest in 10 years 10-K FY2025 · XBRL Net incomeFY2016–25 $2.7B−1.4% FY2024: $2.7B 10-K FY2025 · XBRL Free cash flowFY2016–25 $2.8B+30.4% Highest in 10 years 10-K FY2025 · XBRL Operating marginFY2016–25 17.1%−1.3 pts 16.9% in FY2016 10-K FY2025 · XBRL

What changed

10-K filed Feb 9, 2026 against Feb 19, 2025

Area	What changed	Source
Risk factors	5 new paragraphs, nothing like them in the previous 10-K	10-K Item 1A
Critical audit matters changed	New this year: Goodwill Impairment Assessment - Healthcare Solutions Segment (“At December 31, 2025, the Company’s goodwill related to the Healthcare Solutions segment totaled $3.8 billion. As discussed in Note 2 and Note 5 of the consolidated financial statements, goodwill is tested for impairment at least annually on October 1 at the reporting unit level, or more frequently ”). No longer listed: Acquisition of Stericycle, Inc. – Valuation of Customer Relationships. Same as last year: Landfill Depletion Expense; Landfill – Final Capping, Closure and Post-Closure Costs	10-K · XBRL
Accounting checks	9 other checks clear, 1 worth a look	10-K · XBRL
Insiders	No open-market buys in the last 90 days	Form 4
Filings	2 in the last 30 days	EDGAR

Each row opens the detail with the quote and the filing. A row is a change worth reading, not a verdict.

What's new, in their words

10-K filed Feb 9, 2026

Paragraphs in Risk Factors that were not in the 10-K filed 2025-02-19. Quoted as filed.

Expansion of our Recycling Processing and Sales and Renewable Energy segments may introduce additional compliance and regulatory risks and additional volatility to our financial performance.
10-K, Item 1A

All 5 new paragraphs →

Accounting checks

latest 10-K

9 of 10 clear 1 worth a look. Checks, not verdicts.

!
Critical audit matters changedNew this year: Goodwill Impairment Assessment - Healthcare Solutions Segment (“At December 31, 2025, the Company’s goodwill related to the Healthcare Solutions segment totaled $3.8 billion. As discussed in Note 2 and Note 5 of the consolidated financial statements, goodwill is tested for impairment at least annually on October 1 at the reporting unit level, or more frequently ”). No longer listed: Acquisition of Stericycle, Inc. – Valuation of Customer Relationships. Same as last year: Landfill Depletion Expense; Landfill – Final Capping, Closure and Post-Closure Costs
✓
Receivables +5.0% vs revenue +14.2% (-9.3 pts)
✓
Cash from operations $6.0B vs net income $2.7B (FY ending 2025-12-31)
✓
Same auditor in both 10-Ks: ERNST & YOUNG LLP
✓
No statement of substantial doubt about going concern
✓
No 8-K item 4.02 in the last 2 years
✓
No NT 10-K or NT 10-Q in the last 2 years
✓
No sentence in the 10-K concludes that controls were not effective because of a material weakness
✓
No 8-K item 2.06 in the last 2 years
✓
No 8-K item 1.03 in the last 2 years

How each check works, with sources →

In the last 30 days

All filings →

Oct 28, 202610-Q Quarterly report (10-Q) period ended Sep 30, 2026
Oct 27, 20268-K Quarterly results 8-K item 2.02

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