Waste Management Management
Management criteria checks 4/4
Waste Management's CEO is Jim Fish, appointed in Nov 2016, has a tenure of 9.58 years. total yearly compensation is $19.05M, comprised of 7.8% salary and 92.2% bonuses, including company stock and options. directly owns 0.056% of the company’s shares, worth $49.50M. The average tenure of the management team and the board of directors is 2.1 years and 6.8 years respectively.
Key information
Jim Fish
Chief executive officer
US$19.0m
Total compensation
| CEO salary percentage | 7.80% |
| CEO tenure | 9.6yrs |
| CEO ownership | 0.06% |
| Management average tenure | 2.1yrs |
| Board average tenure | 6.8yrs |
Recent management updates
Recent updates
Seeking Alpha • May 26
Waste Management: Quality Business But Still Too Expensive For My Liking
Summary Waste Management remains a high-quality business, but its current valuation limits near-term upside, justifying a hold rating. Despite mixed Q1 results and softer volumes in its largest segment, WM delivered solid EBITDA growth and robust free cash flow expansion. WM's balance sheet is healthy, with leverage reduced to 2.94x and strong capital returns via buybacks and dividends. I see little margin of safety at a 26.8x forward P/E, preferring to buy WM on a 10–20% pullback for better risk/reward. Read the full article on Seeking Alpha
Narrative Update • Mar 08
WM: Dividend Hike And New Buyback Authorization Will Support Steady Outlook
Analysts have increased their price target for Waste Management by about $0.40, reflecting slightly adjusted assumptions for discount rate, revenue growth, profit margins and future P/E. Together, these changes point to a modestly refined view of the company’s long term value.Narrative Update • Feb 22
WM: Dividend Increase And New Buyback Program Will Support Steady Upside
Analysts now place their average price target for Waste Management at about $252.72, a shift from roughly $251.64. This reflects small model tweaks around fair value, discount rate, revenue growth, profit margin, and future P/E assumptions.Narrative Update • Feb 07
WM: Dividend Hike And New Buyback Authorization Will Support Measured Upside
Analysts have raised their fair value estimate for Waste Management from $248.32 to $251.64, citing updated assumptions around discount rates, revenue growth, profit margins, and future P/E levels. What's in the News Waste Management issued earnings guidance for 2026, with expected revenue in the range of US$26.425b to US$26.625b (Company guidance).Narrative Update • Jan 22
WM: Buybacks And Dividend Plan Will Support Measured Long Term Upside
Analysts have nudged their price target for Waste Management higher by about US$1, citing only small tweaks to fair value estimates, discount rate, revenue growth, profit margin, and future P/E assumptions. What's in the News The Board of Directors authorized a new share repurchase program allowing Waste Management to buy back up to US$3.0b of its shares, replacing the prior US$1.5b authorization from 2023 (Key Developments).Narrative Update • Jan 08
WM: Buybacks And Rising Dividends Will Support Future Upside
Analysts have nudged their price target for Waste Management higher from US$246.52 to US$247.16, reflecting updated views that slightly adjust revenue growth expectations, profit margin assumptions and the future P/E multiple while keeping the overall valuation framework largely intact. What's in the News The Board of Directors authorized a new share repurchase program for up to US$3 billion of Waste Management, Inc.Narrative Update • Dec 13
WM: Future Margin Gains From Pricing And Technology Will Drive Upside
Analysts slightly raised their price target on Waste Management by 0.40 dollars to 246.52 dollars, citing incremental improvements in long term profit margin expectations that more than offset modestly lower revenue growth assumptions and a marginally higher discount rate. What's in the News Management reiterated its focus on pricing strategies and technology investments to enhance customer lifetime value and optimize the cost structure, while actively pursuing tuck in acquisitions to expand its network and increase internalization (company comments).Narrative Update • Nov 28
WM: Future Network Expansion Will Drive Long-Term Upside From Acquisitions
Analysts have slightly raised their price target for Waste Management to $246.12 per share, reflecting modest adjustments in their financial outlook and underlying assumptions. What's in the News Waste Management is actively seeking tuck-in acquisition opportunities to expand its network and increase internalization.Narrative Update • Nov 14
WM: Revenue Expansion Will Follow Tuck-In Acquisitions And Technology Investments
Analysts have slightly lowered their price target for Waste Management from $246.64 to $246.09. This adjustment reflects moderated profit margin projections and a marginal increase in the discount rate, even as expectations for revenue growth have strengthened.Narrative Update • Oct 31
WM: Network Expansion And New Leadership Will Drive Upside Momentum
Analysts have lowered their price target for Waste Management from $252.45 to $246.64. This reduction is attributed to a more cautious outlook on revenue growth and modestly narrower profit margins.Analysis Article • Oct 30
Earnings Miss: Waste Management, Inc. Missed EPS By 25% And Analysts Are Revising Their Forecasts
Last week, you might have seen that Waste Management, Inc. ( NYSE:WM ) released its third-quarter result to the market...Narrative Update • Oct 16
Automation And Renewable Energy Will Drive Future Success
Narrative Update on Waste Management Analyst Price Target Analysts have revised their fair value estimate for Waste Management downward from $257.30 to $252.45, citing slightly lower expectations for revenue growth and profit margins in future forecasts. What's in the News Devina Rankin, Chief Financial Officer of Waste Management, announced her planned retirement after nearly 23 years with the company (Key Developments).Analysis Article • Jul 19
The Price Is Right For Waste Management, Inc. (NYSE:WM)
With a price-to-earnings (or "P/E") ratio of 34.2x Waste Management, Inc. ( NYSE:WM ) may be sending very bearish...Analysis Article • Jul 03
Estimating The Fair Value Of Waste Management, Inc. (NYSE:WM)
Key Insights Waste Management's estimated fair value is US$259 based on 2 Stage Free Cash Flow to Equity With US$223...Seeking Alpha • Feb 28
Waste Management Could See Further Upside
Summary Waste Management should benefit from strong pricing, volume recovery, and strategic investments in renewable natural gas and medical waste markets, driving long-term growth. Positive margin outlook due to strong pricing, cost synergies from the Stericycle acquisition, and management's cost reduction initiatives, with automation targeting $450 million in savings. WM stock trades at a discount to peers, with potential upside from conservative EPS estimates and possible valuation re-rating, making it a good buy. Read the full article on Seeking AlphaSeeking Alpha • Feb 14
Waste Management: Buying At Around $200 Would Be Ideal
Summary Waste Management is a strong company with consistent growth, high profitability, and a solid moat, but its current valuation appears elevated. Recent Q4 earnings showed record EBITDA and margin, with revenue growth driven by both organic expansion and the Stericycle acquisition. The Stericycle acquisition adds growth potential and cross-selling opportunities, with management expecting significant synergies from WM Healthcare Solutions. Despite an impressive historical performance, WM's current P/E ratio is relatively high, leading me to a Hold rating with a potential buy at around $200-205. The chart has a support level of around $200, making that level not only a fundamental Buy but also a technical one. Read the full article on Seeking AlphaSeeking Alpha • Jan 03
Waste Management: Time To Buy The Dip
Summary Waste Management's strong economic moat, driven by scale, pricing power, and vertical integration, ensures high profitability and market leadership in waste collection and disposal. The acquisition of Stericycle enhances Waste Management's growth trajectory and market position, particularly in the medical waste sector. Despite strong financials and growth prospects, WM is undervalued compared to peers, presenting a 20-30% upside potential. Potential risks include acquisition integration challenges and macroeconomic fluctuations, but Waste Management's solid operations and experienced management mitigate these concerns. Read the full article on Seeking AlphaSeeking Alpha • Dec 17
Waste Management: Good Growth Prospects And Attractively Valued
Summary Waste Management, Inc. has strong growth prospects driven by pricing power, Stericycle acquisition, and investments in recycling and renewable natural gas projects. Margins are expected to improve due to favorable price/cost dynamics, cost optimization, automation, and cost synergies from the Stericycle acquisition. The stock is trading at a discount compared to historical averages and peers, making it an attractive Buy given its growth potential. Read the full article on Seeking AlphaSeeking Alpha • Oct 20
Waste Management Remains Expensive
Summary Waste Management is acquiring Stericycle for $7.2 billion, a 24% premium, highlighting its strategy to expand its core business. The acquisition is costly at a post-synergy EBITDA multiple of ~13x, reflecting market reliability and high valuations. Despite the company's strong financial position, the 7% yield from the acquisition is considered expensive. Waste Management's long-term growth potential and minimal competition could justify its current valuation, but the yield doesn't support immediate investment. Read the full article on Seeking AlphaCEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Mar 31 2026 | n/a | n/a | US$3b |
| Dec 31 2025 | US$19m | US$1m | US$3b |
| Sep 30 2025 | n/a | n/a | US$3b |
| Jun 30 2025 | n/a | n/a | US$3b |
| Mar 31 2025 | n/a | n/a | US$3b |
| Dec 31 2024 | US$17m | US$1m | US$3b |
| Sep 30 2024 | n/a | n/a | US$3b |
| Jun 30 2024 | n/a | n/a | US$3b |
| Mar 31 2024 | n/a | n/a | US$2b |
| Dec 31 2023 | US$15m | US$1m | US$2b |
| Sep 30 2023 | n/a | n/a | US$2b |
| Jun 30 2023 | n/a | n/a | US$2b |
| Mar 31 2023 | n/a | n/a | US$2b |
| Dec 31 2022 | US$15m | US$1m | US$2b |
| Sep 30 2022 | n/a | n/a | US$2b |
| Jun 30 2022 | n/a | n/a | US$2b |
| Mar 31 2022 | n/a | n/a | US$2b |
| Dec 31 2021 | US$13m | US$1m | US$2b |
| Sep 30 2021 | n/a | n/a | US$2b |
| Jun 30 2021 | n/a | n/a | US$2b |
| Mar 31 2021 | n/a | n/a | US$2b |
| Dec 31 2020 | US$12m | US$1m | US$1b |
| Sep 30 2020 | n/a | n/a | US$2b |
| Jun 30 2020 | n/a | n/a | US$2b |
| Mar 31 2020 | n/a | n/a | US$2b |
| Dec 31 2019 | US$11m | US$1m | US$2b |
Compensation vs Market: Jim's total compensation ($USD19.05M) is about average for companies of similar size in the US market ($USD14.67M).
Compensation vs Earnings: Jim's compensation has been consistent with company performance over the past year.
CEO
Jim Fish (64 yo)
9.6yrs
Tenure
US$19,048,786
Compensation
Mr. James C. Fish, Jr., also known as Jim, has been Chief Executive Officer and Director of Waste Management, Inc. since November 11, 2016 and served as its President since July 27, 2016 until December 202...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Director | 9.6yrs | US$19.05m | 0.056% $ 49.5m | |
| President | 1.1yrs | US$7.24m | 0.025% $ 21.7m | |
| CFO & Executive VP | less than a year | US$1.97m | 0.0013% $ 1.2m | |
| Executive VP & COO | less than a year | US$6.16m | 0.017% $ 15.3m | |
| Senior Vice President of Enterprise Strategy | 1.4yrs | US$4.05m | 0.0039% $ 3.4m | |
| VP & Chief Accounting Officer | 3.3yrs | no data | 0.0022% $ 2.0m | |
| Senior VP & Chief Information Officer | 2.4yrs | no data | 0.0023% $ 2.0m | |
| Director of Investor Relations | no data | no data | no data | |
| Executive VP of Corporate Development & Chief Legal Officer | 9.4yrs | US$3.22m | 0.014% $ 12.3m | |
| VP and Chief Compliance & Ethics Officer | no data | no data | no data | |
| Chief Human Resources Officer | 1.8yrs | no data | 0.00070% $ 616.9k | |
| Senior VP & Chief Customer Officer | 7.7yrs | no data | 0.012% $ 10.3m |
2.1yrs
Average Tenure
53.5yo
Average Age
Experienced Management: WM's management team is considered experienced (2.1 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Director | 9.6yrs | US$19.05m | 0.056% $ 49.5m | |
| Independent Director | 5.3yrs | US$370.77k | 0.0020% $ 1.8m | |
| Independent Director | 13.4yrs | US$390.77k | 0.0060% $ 5.2m | |
| Independent Director | 6.8yrs | US$395.77k | 0.0021% $ 1.8m | |
| Independent Director | 11.4yrs | US$390.77k | 0.0046% $ 4.0m | |
| Independent Non-Executive Chairman | 10.7yrs | US$604.31k | 0.0046% $ 4.0m | |
| Independent Director | 2.3yrs | US$370.77k | 0.00074% $ 652.1k | |
| Independent Director | 5.3yrs | US$370.77k | 0.0015% $ 1.3m | |
| Independent Director | 3.3yrs | US$370.77k | 0.00093% $ 819.6k |
6.8yrs
Average Tenure
66yo
Average Age
Experienced Board: WM's board of directors are considered experienced (6.8 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/06/14 00:30 |
| End of Day Share Price | 2026/06/12 00:00 |
| Earnings | 2026/03/31 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Waste Management, Inc. is covered by 39 analysts. 26 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| David Coleman | Argus Research Company |
| David Manthey | Baird |
| William Grippin | Barclays |