WM at a glance
Waste Management (WM, SEC CIK 823768) filed its latest 10-K annual report on February 9, 2026, a 10-Q quarterly report on July 29, 2026, an 8-K current report on August 26, 2026 and Form 4 insider filings as recently as September 8, 2026. SignalX summarizes each filing with AI and tracks the company's insider trades and institutional holders.
- For the fiscal year ended December 31, 2025 (FY2025), Waste Management (WM) reported revenue of $25.2 billion (up 14.2% from FY2024) and net income of $2.7 billion. Diluted EPS was $6.70.
- As of June 30, 2026, 60 institutional investment managers tracked by SignalX reported holding Waste Management (WM) shares worth $35.4 billion in 13F-HR filings.
- The most recent insider open-market sale reported on Form 4 was by Carroll John A. on September 4, 2026 of 1,365 shares at $219.90 per share.
- In the last 90 days, WM insiders reported 0 open-market purchases ($0) and 1 open-market sale ($300K) on Form 4, a net sale of $300K.
Source: SEC EDGAR (XBRL financial data, 13F-HR and Form 4 filings).
- Revenue · FY2025
- $25.2B
- +14.2% vs prior year
- Insiders · 90 days
- 0 buys · 1 sell
- Net −$300K
- 13F holders
- 60 funds
- $35.4B · +3 vs prior quarter
- Latest 8-K
- Aug 26, 2026
- Item 5.02 · Item 7.01
AI 10-K Annual Report Analysis
Latest 10-K, fiscal year ended Dec 31, 2025
Business Overview
- Core business model: Integrated waste management with collection, landfill, recycling, renewable energy, and healthcare solutions services
- New emphasis: Integration and expansion of Healthcare Solutions segment post-Stericycle acquisition in Nov 2024
- Strategic shift: Digital transformation via automation and optimization to reduce labor dependency and improve customer experience
- Key metric: Revenue $25.2B in 2025, up 14.2% YoY, driven by Stericycle acquisition and growth in Collection, Landfill, Renewable Energy
- Noteworthy fact: 2025 includes $248M net charges mainly from a $232M asset impairment in Recycling Processing and Sales segment
Risk Factors
- Cybersecurity risk overseen by Audit Committee, including compliance with NIST framework and AI governance policies
- Potential liability exposure from significant cybersecurity incidents impacting customer and vendor relationships
- Board escalation protocol triggered upon cybersecurity incidents, ensuring rapid executive notification and response
- Cyber incident insurance coverage and regular penetration testing mitigate operational disturbances from cyber threats
Management Discussion & Analysis
- Revenue not explicitly stated; Stericycle acquisition added Healthcare Solutions segment with $7.2B enterprise value
- Acquisition-related costs $120M in 2025 vs $160M in 2024 impacting SG&A and restructuring expense
- Collection and Disposal segment split: East Tier (Eastern US, Great Lakes, Canada), West Tier (Western, Southern, Central US, BC Canada); no segment revenue values given
- Renewable Energy operates 103 landfill gas projects generating RNG, electricity, RINs, RECs; earns 15% royalty on net operating revenue
- Healthcare Solutions segment operates 307 facilities worldwide after Stericycle acquisition; generates regulated waste and secure destruction services
- No reported cash flow, buybacks, dividends, or capital expenditures figures disclosed
- Industry maturity noted with evolving customer demand for recycling and renewable energy projects; published 2025 Sustainability Report supports 2030 goals
- Management highlights expansion via acquisition and sustainability initiatives without formal financial guidance or explicit risk disclosure in this section
AI summary of the WM 10-K filed . Generated from the filing text; verify against the original.View on SEC EDGARHow to read a 10-K
AI 10-Q Quarterly Report Analysis
Latest 10-Q, quarter ended Jun 30, 2026
Risk Factors
- No Risk Factors section provided; no new or changed risks identifiable
- Financial risk: $2.0 billion remaining share-repurchase authorization as of June 30, 2026
- Liquidity risk: repurchase decisions depend on leverage, earnings, financial condition, and cash needed for growth
- Regulatory risk: mine-safety disclosures required under Dodd-Frank Section 1503(a) included in Exhibit 95
- Compliance risk: executive severance plan amended and filed as Exhibit 10.1
AI summary of the WM 10-Q filed . Generated from the filing text; verify against the original.View on SEC EDGAR10-K vs 10-Q vs 8-K
AI 8-K Current Report Analysis
The most recent material events, by 8-K item
Item 5.02: Departure/Appointment of Directors or Principal Officers
- CEO James C. Fish Jr. retiring and resigning from the Board effective January 4, 2027, after more than 25 years with Waste Management
- President John J. Morris Jr. appointed successor CEO and director effective January 4, 2027
Item 7.01: Regulation FD Disclosure
- Executive transition press release furnished as Exhibit 99.1
- Investor impact depends on the executive role, successor, and transition terms disclosed in the exhibit
Item 2.02: Results of Operations and Financial Condition
- Q2 2026 financial results furnished in Exhibit 99.1, providing the primary figures for investor review
- Management webcast scheduled July 29, 2026 at 10:00 a.m. Eastern Time
Item EX-99.1: Item EX-99.1
- Q2 revenue rose 4.0% to $6.684B, while adjusted operating EBITDA increased 5.5% to $2.067B
- Adjusted EBITDA margin expanded 40 basis points to 30.9%, despite wildfire-related comparisons and higher energy surcharges
Item 5.07: Submission of Matters to a Vote of Security Holders
- Annual meeting held May 12, 2026, with 345,284,283 shares represented out of 402,913,509 outstanding
- All nine director nominees elected, though Andrés R. Gluski and Victoria M. Holt received comparatively higher opposition
AI summaries of WM 8-K current reports filed with the SEC. What 8-K item codes mean
SignalX for WM
Don't miss the next WM filing
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- Fund moves. Which tracked funds opened, added or cut WM, by share count.
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Recent Insider Transactions (Form 4)
Latest reported trades by officers, directors and 10% owners
| Insider | Type | Date | Shares | Price |
|---|---|---|---|---|
| Carroll John A. | Sell | Sep 4, 2026 | 1,365 | $219.90 |
| Stith Kimberly G. | F | Sep 3, 2026 | 356 | $220.13 |
| Carroll John A. | G | Aug 28, 2026 | 4,873.939 | - |
| Carroll John A. | G | Aug 28, 2026 | 4,873.939 | - |
| Reed David L. | G | Aug 7, 2026 | 5,357.168 | - |
| Reed David L. | G | Aug 7, 2026 | 5,357.168 | - |
| Carrasco Rafael | Sell | Jun 5, 2026 | 2,655 | $220.47 |
| Carrasco Rafael | M | Jun 5, 2026 | 2,655 | $126.00 |
Financial SummaryXBRL
| Metric | FY2023 | FY2024 | FY2025 |
|---|---|---|---|
| Profitability | |||
| Revenue | $20.4B | $22.1B | $25.2B |
| Operating Income | - | $4.1B | $4.3B |
| Net Income | $2.3B | $2.7B | $2.7B |
| Op. Margin | - | 18.4% | 17.1% |
| Net Margin | 11.3% | 12.4% | 10.7% |
| Balance Sheet | |||
| Total Assets | $32.8B | $44.6B | $45.8B |
| Equity | $6.9B | $8.3B | $10.0B |
| ROE | 33.4% | 33.3% | 27.1% |
| Per Share | |||
| EPS | $5.66 | $6.81 | $6.70 |
| Cash Flow | |||
| Operating CF | $4.7B | $5.4B | $6.0B |
Source: XBRL data in Waste Management (WM)'s 10-K filings on SEC EDGAR, in USD. Compare across companies →
13F Fund Holdings: Quarterly Trend
Latest: Q2 2026Aggregate WM share value held by 13F filers tracked by SignalX, by quarter.
Quarterly totals table
| Quarter | Funds | Total value |
|---|---|---|
| Q2 2026 | 60 | $35.44B |
| Q1 2026 | 57 | $36.61B |
| Q4 2025 | 53 | $35.66B |
| Q3 2025 | 59 | $36.17B |
| Q2 2025 | 54 | $37.78B |
| Q1 2025 | 52 | $31.02B |
| Q4 2024 | 50 | $23.75B |
| Q3 2024 | 45 | $15.79B |
- BlackRock+535.1K (+2%)
- Citadel Advisors LLC+515.6K (+501%)
- State Street Corp+507.2K (+3%)
- JPMorgan Chase & Co+419.6K (+23%)
- Millennium Management+244.6K (+835%)
- Gates Foundation Trust−921.6K (-3%)
- Two Sigma Investments−705.4K (-35%)
- Morgan Stanley−492.3K (-7%)
- Ameriprise Financial−341.3K (-5%)
- Bank of America Corp−225.5K (-7%)
Source: 13F-HR filings on SEC EDGAR (aggregated from 430 fund-quarter rows). Reflects only 13F filers tracked by SignalX, not the full institutional ownership universe. How 13F filings work
WM filing archive
AI analysis pages for each 10-K, 10-Q and 8-K
10-K annual reports
10-Q quarterly reports
Latest 2026 SEC Filings: 10-K, 10-Q, 8-K & Form 4
| Form | Filing date | Period | Analysis | SEC |
|---|---|---|---|---|
| 4 | Sep 8, 2026 | - | - | - |
| 4 | Sep 8, 2026 | - | - | - |
| 4 | Aug 31, 2026 | - | - | - |
| 8-K | Aug 26, 2026 | - | Analysis | - |
| 4 | Aug 10, 2026 | - | - | - |
| 10-Q | Jul 29, 2026 | Jun 30, 2026 | Analysis | |
| 8-K | Jul 28, 2026 | - | Analysis | - |
| 4 | Jun 8, 2026 | - | - | |
| 4 | May 21, 2026 | - | - | |
| 4 | May 21, 2026 | - | - | |
| 4 | May 21, 2026 | - | - | |
| 4 | May 18, 2026 | - | - | |
| 4 | May 18, 2026 | - | - | |
| 4 | May 18, 2026 | - | - | |
| 4 | May 18, 2026 | - | - | |
| 4 | May 18, 2026 | - | - | |
| 4 | May 18, 2026 | - | - | |
| 4 | May 18, 2026 | - | - | |
| 4 | May 18, 2026 | - | - | |
| 8-K | May 14, 2026 | - | Analysis | |
| 8-K | May 13, 2026 | - | Analysis | |
| SC 13G | Apr 30, 2026 | - | - | |
| 10-Q | Apr 29, 2026 | Mar 31, 2026 | Analysis | |
| 8-K | Apr 28, 2026 | - | Analysis | - |
| 4 | Apr 7, 2026 | - | - | - |
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WM SEC filings: frequently asked questions
Are WM insiders buying or selling?
In the last 90 days, Waste Management (WM) officers, directors and 10% owners reported no open-market purchases and 1 open-market sale worth $300,164 by 1 insider on Form 4. Many insider sales are pre-planned or for taxes, so purchases usually carry more information.
Which institutions hold WM stock?
As of June 30, 2026, the largest Waste Management (WM) holders among the 13F filers tracked by SignalX were BlackRock ($6.8 billion), Gates Foundation Trust ($6.0 billion), Vanguard Capital Management LLC ($5.6 billion), State Street Corp ($4.0 billion), Vanguard Portfolio Management LLC ($2.3 billion). 13F-HR reports are filed up to 45 days after each quarter ends.
What was WM's revenue in fiscal year 2025?
For the fiscal year ended December 31, 2025 (FY2025), Waste Management (WM) reported revenue of $25.2 billion (up 14.2% from FY2024) and net income of $2.7 billion. Diluted EPS was $6.70. The figures come from the XBRL data in the 10-K.
What are the main risks in WM's latest 10-K?
In the 10-K filed February 9, 2026, Waste Management (WM) flagged: Cybersecurity risk overseen by Audit Committee, including compliance with NIST framework and AI governance policies. Potential liability exposure from significant cybersecurity incidents impacting customer and vendor relationships. (AI summary of the Risk Factors section.)
What did WM report in its latest 8-K?
Waste Management (WM) filed an 8-K on August 26, 2026 reporting Item 5.02 (Departure/Appointment of Directors or Principal Officers) and Item 7.01 (Regulation FD Disclosure). CEO James C. Fish Jr. retiring and resigning from the Board effective January 4, 2027, after more than 25 years with Waste Management.
What are the latest WM SEC filings?
Waste Management (WM) filed its latest 10-K annual report on February 9, 2026, a 10-Q quarterly report on July 29, 2026, an 8-K current report on August 26, 2026 and a Form 4 insider filing on September 8, 2026.
What is WM's SEC CIK number?
Waste Management (WM)'s SEC Central Index Key (CIK) is 823768. EDGAR lists every WM filing under that number.
Ask anything about WM
The research agent reads WM's filings, financials, insider trades and 13F holders, then answers with sources.