Waste Management (WM) Q2 2025 10-Q Quarterly Report

Filed: Jul 29, 2025Period ending Jun 30, 2025
Utilities
Refuse SystemsSEC EDGAR

Waste Management (WM) 10-Q quarterly report for Q2 2025, filed with SEC EDGAR on Jul 29, 2025 for the fiscal period ending Jun 30, 2025. This page provides AI-powered analysis including management discussion & analysis (MD&A), risk factor updates, and key quarterly financial data such as revenue and net income extracted from XBRL.

Waste Management Q2 2025 10-Q Analysis

Risk Factors

  • New risk: Integration and operational risks from Stericycle acquisition in Nov 2024, including capturing synergies and cost reductions
  • Material update: Increased labor and operating costs due to acquisitions and inflationary pressures impacting expenses and margins
  • Regulatory risk: Mandated fees and taxes increased by $18M and $25M for Q2 and H1 2025, especially in West Tier landfills
  • Operational risk: Wildfire clean-up in West Tier increased special waste volume, favorably impacting near-term revenue and operating results
  • Financial risk: $4.0B debt maturing within 12 months; $3.0B classified as long-term due to intent and ability to refinance via $3.5B credit facility

Waste Management Q2 2025 Quarterly Financials
XBRL

Revenue

$6.4B

+19.0% YoY +6.8% QoQ

Net Income

$726M

+6.8% YoY +14.0% QoQ

Net Margin

11.3%

-130bp YoY +71bp QoQ

Source: XBRL data from Waste Management Q2 2025 10-Q filing on SEC EDGAR. All figures in USD.

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