Short answer
Waste Management (WM) filed its Q3 2025 10-Q quarterly report on Oct 28, 2025 for the quarter ended Sep 30, 2025. Quarterly revenue was $6.4B (up 14.9% year over year) with net income of $603M.
Q3 2025 key financials · XBRL
- Revenue
- $6.4B
- +14.9% YoY · +0.2% QoQ
- Net income
- $603M
- −20.7% YoY · −16.9% QoQ
- Operating margin
- 15.3%
- EPS (diluted)
- $1.50
- −20.6% YoY · −16.2% QoQ
Source: XBRL data from the Waste Management (WM) Q3 2025 10-Q on SEC EDGAR. USD.
Waste Management Q3 2025 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- 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
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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