Waste Management (WM) Q3 2025 10-Q Quarterly Report

Filed: Oct 28, 2025Period ending Sep 30, 2025
Utilities
Refuse SystemsSEC EDGAR

Waste Management (WM) 10-Q quarterly report for Q3 2025, filed with SEC EDGAR on Oct 28, 2025 for the fiscal period ending Sep 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 Q3 2025 10-Q Analysis

Management Discussion & Analysis

  • No specific quarterly revenue or YoY change figures disclosed
  • Margins or profitability percentages not provided in text
  • No segment or product line performance data included
  • No details on cash position, operating cash flow, or capital deployment changes
  • Management highlights inflation risks, cost recovery efforts, and weather impacts affecting near-term results and operational volatility

Risk Factors

  • New reportable segment WM Healthcare Solutions from Stericycle acquisition Nov 2024, integrating regulated waste and compliance services
  • Most material update: $152M charge for suspending plastic film/wrap recycling due to market deterioration and $45M landfill impairment for accelerated closure
  • Increased landfill mandated fees by $29M YTD, reflecting higher state and local taxes, especially in West Tier operations
  • Operational risk: strategic exit from lower-margin residential contracts causing volume decline, partially offset by growth in landfill and industrial collection
  • Financial risk: increased interest expense and debt from Stericycle acquisition raising financing costs, partially offset by higher operating cash flow and $821M free cash flow YTD

Waste Management Q3 2025 Quarterly Financials
XBRL

Revenue

$6.4B

+14.9% YoY +0.2% QoQ

Net Income

$603M

-20.7% YoY -16.9% QoQ

Net Margin

9.4%

-419bp YoY -193bp QoQ

Source: XBRL data from Waste Management Q3 2025 10-Q filing on SEC EDGAR. All figures in USD.

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